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Delayed withdraw issues

  • #1
  • First Post: Sep 19, 2008 3:01pm Sep 19, 2008 3:01pm
I requested a withdrawal of my funds from Oanda, but the bastards refused to send me my money, I don't know why, is it because i made too much money? i got this email from them:

"Thank you for your email. Your account is being reviewed by management and we are unable to proceed with the withdrawal until the review is complete. We hope to complete the review as soon as possible."

they are thieves and criminals, now how can i get my money back?
  • #2
  • Sep 19, 2008 4:06pm Sep 19, 2008 4:06pm
Did you do anything that might've made them reluctant at sending you the money? Did you trade by taking advantage of a faster price feed?
Is the bank account in your name?
  • #3
  • Sep 19, 2008 4:06pm Sep 19, 2008 4:06pm
Quoting edward77
I requested a withdrawal of my funds from Oanda, but the bastards refused to send me my money, I don't know why, is it because i made too much money? i got this email from them:

"Thank you for your email. Your account is being reviewed by management and we are unable to proceed with the withdrawal until the review is complete. We hope to complete the review as soon as possible."

they are thieves and criminals, now how can i get my money back?
Didn't you ask them what they are reviewing? Is it your trading style that they're unhappy with? Your funding source or destination? Your ID proof?

It's simple enough to ask them what they are reviewing....
  • #4
  • Sep 19, 2008 4:16pm Sep 19, 2008 4:16pm
Why were you trying to withdraw your funds? Or were you just trying to take out the recent earnings?
  • #5
  • Sep 19, 2008 4:18pm Sep 19, 2008 4:18pm
Quoting tenantro
Did you do anything that might've made them reluctant at sending you the money? Did you trade by taking advantage of a faster price feed?
Is the bank account in your name?

No i didn't take advantage of a faster price feed. yes the bank account is in my name.

I requested the wire transfer on Monday but still i didn't get my money. Even if they don't like my trading style, they don't have the right to hold my money, bastards
  • #6
  • Sep 19, 2008 4:24pm Sep 19, 2008 4:24pm
Quoting nvwine
Why were you trying to withdraw your funds? Or were you just trying to take out the recent earnings?

Now I want to widthraw all my capital, i don't want to trade with then because i don't trust them anymore, that's what happens when u trade with scammers.
  • #7
  • Sep 19, 2008 4:28pm Sep 19, 2008 4:28pm
If I were you I'd try to contact them and ask what specifically are they reviewing. Tell them you're starting to get worried and need to know if you're worrying for nothing. Ask them if this is a routine procedure.
  • #8
  • Sep 19, 2008 4:35pm Sep 19, 2008 4:35pm
Quoting edward77
Now I want to widthraw all my capital, i don't want to trade with then because i don't trust them anymore, that's what happens when u trade with scammers.
I asked because of a couple of your prior posts.
I take it this is not your main broker. If you had been earning $100k a month with this broker you would have probably made a lot of withdraws by now.
Quoting edward77
I have been trading forex for five years now full time, currently I make $100,000 a month so I don't need any additional income
  • #9
  • Sep 19, 2008 4:42pm Sep 19, 2008 4:42pm
Quoting nvwine
I asked because of a couple of your prior posts.
I take it this is not your main broker. If you had been earning $100k a month with this broker you would have probably made a lot of withdraws by now.
I have other accounts with different brokers, but this is the first time a broker holds my money.
  • #10
  • Sep 19, 2008 6:43pm Sep 19, 2008 6:43pm
Quoting tenantro
Did you do anything that might've made them reluctant at sending you the money? Did you trade by taking advantage of a faster price feed?
Is the bank account in your name?
Are you trader or a rep of oanda?
  • #11
  • Sep 19, 2008 7:00pm Sep 19, 2008 7:00pm
Quoting 800
Are you trader or a rep of oanda?
No, why would you think that?
  • #12
  • Sep 19, 2008 7:14pm Sep 19, 2008 7:14pm
thanks for the tip. The broker has no right to withhold your money and as a trader I would expect no questions asked when making a withdrawal of my own funds. I was just about to start a demo with oanda to try them out but I have heard enough and wont bother with them
BTC Return This Year: na
  • #13
  • Sep 19, 2008 9:12pm Sep 19, 2008 9:12pm
Did you ever ask them WHY they are reviewing your account?
  • #14
  • Sep 20, 2008 1:03am Sep 20, 2008 1:03am
"Your account is being reviewed by management"
This message broker say if you make Big profit, so they Review your account to know how you make this profit.

they will check time and date in every trade you did, to see you scalping ... enter and exit within 5 seconds.. and so on.

This story happens with me when i was trading with the scam fxopen.
Charting Markets into the Future...MǎҖ€¥.
  • #15
  • Sep 20, 2008 3:28am Sep 20, 2008 3:28am
Quoting LEXngton
Did you ever ask them WHY they are reviewing your account?
A couple of people have asked the same question but for some reason the OP doesn't want to say.

Despite all the other problems I had with Oanda I can honestly say they were extremely prompt with fund withdrawal requests, funds usually arrived in UK within a couple of days.
  • #16
  • Sep 20, 2008 3:44am Sep 20, 2008 3:44am
Delayed withdraw may result in unintended consequences... laff

Seriously... something here smacks of the hinky. Did the OP do something against the TOS?
  • #17
  • Sep 20, 2008 5:31am Sep 20, 2008 5:31am
Quoting lostinspace
A couple of people have asked the same question but for some reason the OP doesn't want to say.

Despite all the other problems I had with Oanda I can honestly say they were extremely prompt with fund withdrawal requests, funds usually arrived in UK within a couple of days.

This guy is working with Oanda.
  • #18
  • Sep 20, 2008 5:33am Sep 20, 2008 5:33am
Quoting LEXngton
Did you ever ask them WHY they are reviewing your account?
Yes I did email them but I didn't get any response, they are ignoring my emails.
  • #19
  • Sep 20, 2008 7:11am Sep 20, 2008 7:11am
Quoting edward77
This guy is working with Oanda.
Ok, so now you've just made yourself look paranoid.

I quite obviously don't work for Oanda but if you really need any confirmation then read this thread

Asking Onada why they are reviewing your account or trading activity seemed like the obvious thing to do. If they aren't replying to your emails then raise a ticket here, where response times and Customer Service performance are tracked by management.
  • #20
  • Sep 20, 2008 7:15am Sep 20, 2008 7:15am
Quoting Rabid
Delayed withdraw may result in unintended consequences... laff
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