potatochips
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I have been doing trades with CWG Markets for past 1.5 years, since July 2020 with a deposit, and have made 2 successful partial withdrawals and also added 1 deposit to continue trading. There have been accumulated profits over the years, however, when I tried making a partial withdrawal in January 2022, CWG emailed me to inform that my profits are in violation of company policies, and proceeded to deduct 2/3 of profits from my account balance.
I have been trading in the same way for 1.5 years and suddenly CWG decided to take all the profits and deemed it in violation of the company policies. No specific reason was given other than "violation of company policies", nor explanation of how the profits were calculated from which time frame.
No warning of any sort was given to me in these 1.5 years of trading. Just out of the blue, when I wanted to make the 3rd partial withdrawal, they decided to rob my profits and even freeze my account from further withdrawal of the balance 1/3 amount which they told me is my money. How funny.
From the statements and trade history, clearly indicates the profits are from trades executed over a time period, and profits have accumulated.
Below are some of the email content from CWG whereby they have been withholding my 2nd request to do a full withdrawal of the balance amount after profit deduction, since 26-Jan-2022. The 1st request was cancelled and 2/3 profits immediately deducted.
"$4337.48 from your account is considered compliance funds from normal trades. "
" Please carry out the following actions and reply to this email and you will be able to withdraw these funds.
1 Please ensure that you will not do any actions or make any statement that harms CWG Markets’ brand as well as making sure no illegal trading will happen again in the future.
2 Eliminates any adverse effects that you have caused to CWG Markets to the public (including Forex Peace Army), stop and delete any false statement about CWG Markets.
3 You admit and agree that you have no objection to mentioned decision to remove the illegal profits.
After all adverse effects have been eliminated, your trading account restrictions will be removed, all remaining funds can be withdrawn at any time."
I have been trading in the same way for 1.5 years and suddenly CWG decided to take all the profits and deemed it in violation of the company policies. No specific reason was given other than "violation of company policies", nor explanation of how the profits were calculated from which time frame.
No warning of any sort was given to me in these 1.5 years of trading. Just out of the blue, when I wanted to make the 3rd partial withdrawal, they decided to rob my profits and even freeze my account from further withdrawal of the balance 1/3 amount which they told me is my money. How funny.
From the statements and trade history, clearly indicates the profits are from trades executed over a time period, and profits have accumulated.
Below are some of the email content from CWG whereby they have been withholding my 2nd request to do a full withdrawal of the balance amount after profit deduction, since 26-Jan-2022. The 1st request was cancelled and 2/3 profits immediately deducted.
"$4337.48 from your account is considered compliance funds from normal trades. "
" Please carry out the following actions and reply to this email and you will be able to withdraw these funds.
1 Please ensure that you will not do any actions or make any statement that harms CWG Markets’ brand as well as making sure no illegal trading will happen again in the future.
2 Eliminates any adverse effects that you have caused to CWG Markets to the public (including Forex Peace Army), stop and delete any false statement about CWG Markets.
3 You admit and agree that you have no objection to mentioned decision to remove the illegal profits.
After all adverse effects have been eliminated, your trading account restrictions will be removed, all remaining funds can be withdrawn at any time."