When to start trading

Now a days, any random person who knows your email address because you watched a video, googled something, inquired about any product will send you lucrative offers regarding platforms and invest as low as 250$. These platform's will assign so called "Financial Advisor"  who will show full energy in initial discussion and will work with you daily and will use concepts like:

. You are doing good.

. Nice profits and lets move from Forex to commodity to crypto investments

. These profits are yours and you can withdraw at any point of time from our customer friendly platform.

There are many more such statements that these brokers are trained to use and you will feel that they are on your side and helping you for better future. 

Reality check

Once you have started, these platforms are controlled by scammed folks and as soon as you invest until they are online, your profits will go up and if asked that you are leaving, can i invest by myself, they will strictly tell NO. There is malicious program that they run in background specially in case of crypto.

Speaking from experience of one of my close friend, she invested 80K and the profit that she shows in portfolio is 3.1 Million dollars - PRETTY GOOD HA!!

Withdrawal Process

Now this is where the actual problem comes in to picture. My friend wanted to with draw 50K out of the profits she had and talked to platforms Finance Advisor, the advisor told my friend that being the amount low she will need to pay 8% commission, 2% maintenance of the account, 5% holding fee. She paid this looking at the profits she made but then comes few more caveats. As my friend bought some UK Oil shares, she was forced to pay taxes on that in pound. Then come more laundering charge where broker told my friend that due to amount being large in portfolio Canada Govt have issued a letter to pay certain amount so that lawyer will go to court and fight for you saying its not for money laundering. She paid that because looking at first a genuine letter is issue. So she ended up paying the same. 

So long story short, to get 50K she has paid 40K on top of that but it doesn't stop there. Now the same platform wants 5K more to cover their house consul fee.

And all this for 50K, imaging what will happen if she decides to withdraw 1 million or 2 million dollars from so called profits.

What can done

Stop paying any more money.

Talk to police and register a complaint.

Change all your account passwords.

Clear your browser's cookies and cache for last 1 year or from the date you started investing on so called platform.

Go to Scam Advisor website and verify the website or company. Link to website: https://www.scamadviser.com/check-website/

Write to me using this blog and will help more to avoid any such scams and there is no cost that you have to pay i promise its just that i don't want anyother to face what my friend is facing and she is in deep depression. I am creating this blog to gather ideas and educate people and get educated.