1

FXCM Refuses to Release My Funds and Demands Extra Tax Payment

April 24, 2025 8:47 AM8

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

September 13, 2024 10:19 PM20

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

August 24, 2023 11:37 PM66

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