What Does It Mean When You Can’t Withdraw Your Forex Trading Profits?

More often than not, the company that is about to scam you does not give you a hint until you have been scammed. They appear as legitimate businesses and that’s exactly the reason so many people fall for their scams. So, you might think that they will give you a hint right at the start of your first interaction with them but that won’t happen. You think they will do something wrong when you make your first deposit, but still nothing wrong happens. 

The plan starts to unfold when you send your first request to withdraw the profits you have made on your trades. Forex withdrawal problems are quite common in the online trading world, but they don’t always mean you are being scammed. They could mean something else too. Here are the possibilities that you have to know. 

You Are Being Impatient

Sometimes, you are just being impatient about receiving your funds and that’s why you can’t wait for a reasonable amount of time. The most important thing you should do when you sign up with an online trading services provider is to read their terms and conditions associated with banking. What it means is that you should know how you can deposit funds, what methods you can use to withdraw funds, and how long it is going to take for you to receive your funds. It is important to mention here that different methods of withdrawal take different durations for you to get your money. 

If you have processed your withdrawal request through a credit or debit card, you might still have to wait for a few hours or days. Bank wire transfers are the slowest methods, but they are also considered quite safe by most online traders so there is that. 

You Didn’t Send the Request Properly

Most online trading services providers have a method that you have to follow to get your money back. You can’t say that any company that makes you wait a little is a scam. You have to be patient and make sure that you have sent the request according to the rules and regulations. For example, you might have to use a specific button and then enter the amount that you want to withdraw at a certain point on your software. This entire process has to be known to you in order for you to withdraw the amount of money that you want to get. 

In some cases, if you want to withdraw a huge amount, you are actually required to send a request directly to the customer support. In that case, no matter how many requests you send through the software, they won’t reach fruition. That’s the reason you should get in touch with the customer support department and tell them your request. They will process your payment without any problem. 

You Are Getting Scammed

Yes, you can’t completely throw this possibility out of the window when you are dealing with an online forex broker. Things can go awry at any point so you don’t have to show complacence at any point. So, you know the rules and policies that are associated with withdrawing your funds from the account. You have processed everything according to the policies. At the same time, you know you have sent the request properly because you confirmed it with the customer support department. Still, you can’t get the profits that you have made. 

In that case, you can have a guess that you are dealing with one of the forex broker scams. If they ask you to deposit some more money to get the initial funds, you can be 100% sure you are dealing with a scammer. 

Final Thoughts

It isn’t always right to panic straight away as soon as a request for a withdrawal is not fulfilled immediately. There are many other reason for this to happen. So, make sure you have checked all the boxes before you claim that you are being scammed by an online forex scam.