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.

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