STAY AWAY FROM THIS SVG SCAM BROKER THAT HOLDS AN FCA LICENSE.
I have a rolling basis rev share deal of 30% with Tiomarkets and my IB commissions as at end of July 2020 as stated in my IB portal was 9,338.29 USD (minus swaps). I waited for 3 working days for the payment to be effected to my client portal so I can place a withdrawal of the money.
After 3 days I got email notice that only 3,338.29 USD has been posted to my client portal for withdrawal. I was VERY shocked and asked if it was a mistake or it was a deliberate action. The IB portal calculates automatically the commissions on a rolling basis so you immediately see your net commissions available for withdrawal.
To cut story short, up till now their live chat said the partners department are reviewing the issue and it is now over 3 days. There is no word whatsoever from the partners department after sending them several emails.
I have attached the screenshot so you can calculate for yourself the total deposit minus total withdrawal minus swaps displayed in my IB portal to see if I was suppose to be paid 3,338.29 USD or the real amount which is well above that.
I am coming to make this public notice to deter others from falling into this trap with this broker because it is so clear to me they are not going to pay me what is due to me. I will come back to make update if anything changes.
I have a rolling basis rev share deal of 30% with Tiomarkets and my IB commissions as at end of July 2020 as stated in my IB portal was 9,338.29 USD (minus swaps). I waited for 3 working days for the payment to be effected to my client portal so I can place a withdrawal of the money.
After 3 days I got email notice that only 3,338.29 USD has been posted to my client portal for withdrawal. I was VERY shocked and asked if it was a mistake or it was a deliberate action. The IB portal calculates automatically the commissions on a rolling basis so you immediately see your net commissions available for withdrawal.
To cut story short, up till now their live chat said the partners department are reviewing the issue and it is now over 3 days. There is no word whatsoever from the partners department after sending them several emails.
I have attached the screenshot so you can calculate for yourself the total deposit minus total withdrawal minus swaps displayed in my IB portal to see if I was suppose to be paid 3,338.29 USD or the real amount which is well above that.
I am coming to make this public notice to deter others from falling into this trap with this broker because it is so clear to me they are not going to pay me what is due to me. I will come back to make update if anything changes.