Vent: Lost $400 on a broker that promised easy crypto trades

I signed up with GlobalTradeFX back in March because their ads showed zero fees and instant withdrawals. After depositing $400, I tried to make a small trade and the platform locked my account for 3 weeks, then hit me with a $75 'inactivity fee' I never agreed to. Has anyone else dealt with a broker that suddenly changes the rules after you put money in?

2 comments

2 Comments

lunah864d ago

Did you report them to the Better Business Bureau yet?

chen.phoenix4d ago

Yep, that's a classic move from these fly-by-night brokers. Contact your bank and see if they can do a chargeback since you never agreed to that fee. Also check if they're even registered with any actual regulatory body like the SEC or FINRA, usually these places aren't.