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Withdrawal Issues from Broker

  • #21
  • May 14, 2022 3:39am May 14, 2022 3:39am
Quoting Jasonravera
I currently trade with another ASIC regulated broker known as FP Markets, and I have been trading with them for eight months so far I never came across any issues regarding withdrawals. I recommend switching to FP Markets if you are looking for another ASIC regulated broker, the spreads and commission costs are lower than ICM.
Hi there. I'm a new member, so I hope it's ok to ask here. I've been looking into FP Markets and others, wondering the best/safest place to trade. I'm looking to scalp trade, bc it is where my abilities have leaned- I do well moving extremely fast, small moves, but it requires $0 commission and tight spread. Can you/anyone help guide me in the right direction for 0 fees, or if there is no such thing, how to learn what the hidden fees in forex are? US trader.
  • #22
  • Jun 2, 2022 8:43am Jun 2, 2022 8:43am
Quoting gordonfreema
{quote} Hi there. I'm a new member, so I hope it's ok to ask here. I've been looking into FP Markets and others, wondering the best/safest place to trade. I'm looking to scalp trade, bc it is where my abilities have leaned- I do well moving extremely fast, small moves, but it requires $0 commission and tight spread. Can you/anyone help guide me in the right direction for 0 fees, or if there is no such thing, how to learn what the hidden fees in forex are? US trader.
0 fees and tight spread? no such thing for retail traders. in today's market, even arbritrage trading wont cover your cost. you'll need at least a 2 pip move to make a 1 pip profit on eurusd.

however if you can bring in the volume, and im talking substantial volume, brokers will be willing to knock commissions down to 0.2 - 0.3 pips.
  • #23
  • Jul 18, 2022 10:54am Jul 18, 2022 10:54am
It all depends on the method of withdrawal.
Bitcoin is often used, it has no commission.
  • #24
  • Oct 2, 2022 2:22pm Oct 2, 2022 2:22pm
Quoting Myfight
It all depends on the method of withdrawal. Bitcoin is often used, it has no commission.
Hi, do you still use their crypto option for withdrawing funds ?

Is it possible to withdraw in crypto, when you earn money through trading FX pairs like GBP/USD ? I'm asking because in this case you earn FIAT money and not crypto. Does this mean they just automatically convert your funds to crypto and send in to your wallet ?
  • #25
  • Nov 2, 2022 2:22am Nov 2, 2022 2:22am
Quoting PIPot
I have a similar issue with pepperstone. Pepperstone has given me ARN to quote my bank but when i check with my bank they said they cant locate any funds with the ARN pepperstone provided.
I am also having the same issues with pepperstone I have withdrawn since the 26 October and haven't received any funds yet. Today's the 2 November. I'm really tired
  • #26
  • Nov 8, 2022 12:59am Nov 8, 2022 12:59am
I can't withdraw money form Icmarkets almost since 1 month. They decline my wire transfer and answer with common sentences without solution
  • #28
  • Apr 25, 2023 2:17am Apr 25, 2023 2:17am
Hi guys!

Did anyone tried to make a withdrawal from IC markets global this week?
I try to get my money back, the withdrawal requests are being processed for more then 30hrs now.

Support says there is a general problem on their end but i'm afraid i'm being scamed - today morning they said the problem was fixed, few hours later told that it still exists.

I don't trust their support at all and that's why I'm asking if anyone of you were successful with withdrawing funds on 24.04 or 25.04?
  • #29
  • Apr 27, 2023 3:54am Apr 27, 2023 3:54am
Quoting Borsuk
Hi guys! Did anyone tried to make a withdrawal from IC markets global this week? I try to get my money back, the withdrawal requests are being processed for more then 30hrs now. Support says there is a general problem on their end but i'm afraid i'm being scamed - today morning they said the problem was fixed, few hours later told that it still exists. I don't trust their support at all and that's why I'm asking if anyone of you were successful with withdrawing funds on 24.04 or 25.04?
I am having the exact same problem. Since Sunday/ Monday they dont process my withdrawal and tell me they have technical difficulties. On top they took away profits that I made saying that it was pricing malfunction and that they can take those profits away. It is highly sketchy and I am very unhappy with their customer support and the way things are going right now with IC.
I also got proof of everything. Customer suuport is always telling me the same standardized stuff...
  • #30
  • Apr 28, 2023 9:10am Apr 28, 2023 9:10am
Sounds like its turned into a big bucketshop. I certainly wouldn't deposit in the Seychelles entity. More and more reports of withdrawals and profit being withheld lately
  • #31
  • May 2, 2023 3:43am May 2, 2023 3:43am
Quoting edgefinder
{quote} I am having the exact same problem. Since Sunday/ Monday they dont process my withdrawal and tell me they have technical difficulties. On top they took away profits that I made saying that it was pricing malfunction and that they can take those profits away. It is highly sketchy and I am very unhappy with their customer support and the way things are going right now with IC. I also got proof of everything. Customer suuport is always telling me the same standardized stuff...
Hi , any progress about withdrawal? Mine still pending and withdraw button still missing from my client area. They said wait untill ' Manifest Price Error' incident finish investigate, will be back normal.
  • #32
  • May 3, 2023 5:12am May 3, 2023 5:12am
Quoting serave
{quote} Hi , any progress about withdrawal? Mine still pending and withdraw button still missing from my client area. They said wait untill ' Manifest Price Error' incident finish investigate, will be back normal.
No, I am still not able to withdraw anything. They tell me the same...
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