Absaforex withdrawal issues absaforex.com

By Jason Beezley, from United States, November 11, 2021 at 05:23 AM

They aren’t allowing access to my money until I pay a huge tax and won’t let me use the money in the account to pay the taxes I understand we have to pay taxes but this was as soon as I wanted to withdraw. Please let me know if this is normal or a scam. Thank you for your help. Absaforex.com

Answer: Hi Jason Beezley,

Although, Absaforex Global claims to be a leading provider of financial services, we couldn’t find any information about its regulation in South Africa (where it is located) or any other country. This is usually the biggest red flag, when it comes to trustworthiness of the broker.

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. This is exactly the case with Absaforex Global.

As to the tax payments they are claiming, it is one of the ways together more money from the clients. The chances you will get your money after paying those so-called taxes are close to zero. We would recommend to refrain from investing further and report about this issue to your local regulatory authority.

5 responses to “Absaforex withdrawal issues”

  1. I came across the same situation but I did manage to pull some money out of it. it was in smaller quantities but when it came time to pull out in a bigger quantity I had the same thing happen. I was unable to withdraw and I was told I needed to pay a tax.

  2. Beware!100% scam
    Got this after trying to withdraw my money.All attempts to trace them have failed.
    Hello, the system has detected frequent withdrawals from your account.Your account is currently frozen and Absa Financial Exchange needs to verify that these frequent withdrawals are made by you in order to prevent unscrupulous individuals from stealing your account and making withdrawals.
    Absa Financial Exchange requires that you personally contact its online customer service, send proof of your identity (ID/passport/driver’s license), and submit a verification fee of $1,000 to prove that you are the person making these requests.
    Upon successful verification, Absa Financial Exchange will refund your verification funds in full and will unfreeze your account within 24 hours.

    Absa Financial Exchange apologizes for any inconvenience caused to you, and for the safety of your account funds, once your identity has been verified, you may request a withdrawal as usual.

    Absa Financial Exchange wishes you a wonderful day

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