ultimatefxtraders.com wants a fee before I can withdraw my funds

[villeda3]

Guys, what do you think of ultimatefxtraders.com

The thing is I Already put $1000 in that broker and an account manager started trading for me. He made 12k in profit already but to pull those funds out I need to pay 2k administrative fee. This sounds like a scam to me.

So the fact that they don't let me use the profit to pay for that administrative fee is strange right? They want me to put $2k worth of bitcoin into the account to pay for those fees and pull the money out.

Your thoughts are much appreciated.

 

[carlosect12]

sorry by erros of english i speak portuguese, please dont make deposit in bitcoin, NEVER MAKE DEPOSIT FOR WITHDRAW MONEY!!!! STAY AWAY...

 

[4evermaat]

So the fact that they don't let me use the profit to pay for that administrative fee is strange right? They want me to put $2k worth of bitcoin into the account to pay for those fees and pull the money out.

Yes, this is not the correct behavior of a legit broker. Most likely a scam. Instead, they are supposed to process withdrawal request in 24 business hours.

I sure wish more victims would ask question BEFORE sending money.

Looks like the broker is trading under Zolarex Ltd, some Marshall Island entity.




Here are the next steps:

1) leave a review of your experience here: https://www.forexpeacearmy.com/forex-reviews/17416/ultimatefxtraders.com

2) upload screenshot or screen recorded video in this thread of your deposit and/or account statement with showing all profits and losses. Please get an example of how to do this from this article:: https://www.forexpeacearmy.com/comm...ccount-trade-history-statements-part-1.63543/

If the evidence is too large to upload here, then use a cloud service like google drive, dropbox, iCloud, etc and post a shareable link.

3) after 96 hours, you may formally invite the company to this thread. Follow the steps in this tutorial: https://www.forexpeacearmy.com/comm...how-to-invite-a-company-to-your-thread.58438/

4) Read up on how the FPA trader's court process works here: https://www.forexpeacearmy.com/community/threads/new-traders-court.58022/

5) Do not abandon this thread. visit again at least once a week to check for unanswered questions or to post any updates about your situation.

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@villeda3 You have some homework now that will take about 20-40 minutes to complete. Please don't become complacent or skip any questions.