Forex Time Traders broker charges for withdrawal

By Haleema firdose, from India, July 18, 2021 at 05:48 AM

Required the details of withdrawal and the charges involved

Answer: Hi Haleema firdose,

Forex Time Traders is a global forex broker with more than 6 years of experience. According to its website, Forex Time Traders is regulated by CySEC with registration number 44699 IBB 0014. However, there is no such company found in the regulator’s register. It is clear that broker’s claims about regulation are false and it is not authorised to provide financial services. Unfortunately, due to the lack of regulation such brokers can behave in all the ways possible without securing client’s funds and not being fined or suspended for that. Unexpected withdrawal fees is a common thing for unregulated brokers and, unfortunately, traders are not able to avoid it. You can try to report about this issue to your local financial regulator.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

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