Fxtmcoin withdrawal issues www.fxtmcoin.net

By Anonymous, from Indonesia, December 27, 2021 at 08:43 AM

I made a deposit of $8,000 then lost and their financial advisor promised me a stop with a deposit of $10,000. Currently my funds are available $37,300.. when I was about to apply for a withdrawal, the broker asked me to pay a tax on the profit of 30%. This was so odd that I delayed paying the tax and they blocked my account for tax evasion reasons. Are they a scam and how are my deposit funds with the broker.

Answer: Hi Anonymous,

fxtmcoin.net claims to be a leading digital asset trading platform in the world, registered in the Cayman Islands, with a core operating team in Hong Kong. We didn’t find any information about broker’s regulation in Hong Kong and as to the Cayman Islands, it is one of the popular offshore zones for unregulated brokers. We never advise trading with an offshore 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. 

In your case, there is a small chance of getting your funds back from a broker like fxtmcoin. You can try and report about this issue to your local financial authority, although, since they blocked your account, unfortunately, this situation does not look promising.

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