FXCM Refuses to Release My Funds and Demands Extra Tax Payment

8

I invested in FXCM through a woman who referred me to the platform. Everything seemed fine at first, but once my account balance grew significantly—around $24,000—they started refusing to release my funds. Now they’re claiming I have to pay a separate tax fee before I can withdraw anything.

When I asked to deduct the so-called tax directly from my balance, they flat-out refused and said it wasn’t possible. They insist I send them the payment first, claiming it’s due to a 15% income tax in Turkey, which sounds suspicious.

I believe this is just an excuse to trap my funds and delay or avoid paying what they owe me. I simply want to withdraw my own money, but they’re blocking me at every turn. This feels manipulative and unethical, and I strongly warn others to think twice before trusting FXCM.

Similar Complaints

Can't Withdraw Funds from FXTM Due to Repeated Tax and Fee Requests

20

Good evening, I’ve been trading with FXTM for a month, and when my balance increased, I tried to withdraw $6,000 plus an...

Forex.com Live Market Scam

66

I experienced a scam with Forex.com live market. They took ₺16,000 from me. Initially, I invested ₺3,000, and then they ...

1 Support