broker withdrawal issues

Pan1234

Členom od Jul 21, 2023 5 príspevkov

Sep 01, 2023 at 05:13

Členom od Jul 21, 2023 5 príspevkov

Hello fellow traders,

I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.

Thanks

bardachok

Členom od Feb 12, 2016 127 príspevkov

Sep 01, 2023 at 07:42

Členom od Feb 12, 2016 127 príspevkov

Pan1234 posted:
Hello fellow traders,

I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.

Thanks

Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?

kiffe93

Členom od Sep 01, 2023 1 príspevkov

Sep 01, 2023 at 10:20

Členom od Sep 01, 2023 1 príspevkov

Salut, quel courtier svp ?

Pan1234

Členom od Jul 21, 2023 5 príspevkov

Sep 04, 2023 at 06:51

Členom od Jul 21, 2023 5 príspevkov

bardachok posted:
Pan1234 posted:
Hello fellow traders,

I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.

Thanks

Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?

They kept delaying for 5 months. They said they will transfer via email but did not transfer. I am not sure how to check the regulation of the broker. They are registerd in St Vincent and Grenadine and Vanuatu and branch offices in differet countries. Any guidance would be appreciated.

Thanks

VirgilBanks

Členom od Jul 14, 2023 2 príspevkov

Sep 06, 2023 at 12:43

Členom od Jul 14, 2023 2 príspevkov

" They are registered in St Vincent and Grenadine and Vanuatu and branch offices in different countries."

Some nasty brokers use this address and some are decent. Ones with high leverages and also no real id verification for your account creation tend to do so.

Waartovini

Členom od Aug 22, 2023 5 príspevkov

Sep 06, 2023 at 15:04

Členom od Aug 22, 2023 5 príspevkov

Pan1234 posted:
Hello fellow traders,

I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.

Thanks

Keep trying to get your deposit back. Well, while you're looking for a lawyer

Drazeer

Členom od Apr 30, 2016 10 príspevkov

Sep 12, 2023 at 02:23

Členom od Apr 30, 2016 10 príspevkov

Why do they refuse to send you the funds?

WhiteWitcher

Členom od Aug 19, 2021 203 príspevkov

Sep 20, 2023 at 13:52

Členom od Aug 19, 2021 203 príspevkov

Oh do you have proof?? It is pure talk without any evidence. No offense. Maybe you can send us a correspondence about how they justify not returning the money??

alexml

Členom od Oct 18, 2023 5 príspevkov

Oct 19, 2023 at 07:57

Členom od Oct 18, 2023 5 príspevkov

Does the broker you use have account specialist for you?
The broker I'm using don't have such problem because they have assigned account specialist for each customer, and they always respond to me in no time.

bardachok

Členom od Feb 12, 2016 127 príspevkov

Nov 08, 2023 at 10:21

Členom od Feb 12, 2016 127 príspevkov

Pan1234 posted:
bardachok posted:
Pan1234 posted:
Hello fellow traders,

I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.

Thanks

Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?

They kept delaying for 5 months. They said they will transfer via email but did not transfer. I am not sure how to check the regulation of the broker. They are registerd in St Vincent and Grenadine and Vanuatu and branch offices in differet countries. Any guidance would be appreciated.

Thanks

It's a very cheap and easy-to-access regulation it's highly likely you will not get your money back and unfortunately it's hard to take legal action against firms with such regulation.

EURUSD	1.12882	GBPUSD	1.32693	AUDUSD	0.64485
USDJPY	144.11	USDCAD	1.38394	USDCHF	0.82479

Advertisement