How not get deceived on commissions

 Let's consider the situation. The client sees a certain amount on the balance sheet. It can be money that he just deposited, it can be money together with the winnings, or money together with a bonus, a loan, etc. It is important to realize that the money that a person actually deposited into his trading account and additional bonuses, loans, leverage or additional shares from a broker must be accounted for separately and is in separate accounts.


In other words, in principle, there can be no situation when this money is somehow mixed. The next moment. If there are, say, some open transactions, then a certain amount from the balance is reserved for these transactions. In other words, if there is some amount of money on the balance sheet, then this is really the amount that should be available for withdrawal. There are no other options.


When a person makes a request to withdraw his own money from his trading account, the first trick he comes across is when the broker says to him: "Pay the commission and get money." If you have $ 3,000 on your balance and you are asked to pay only $ 300, then it's okay. But when it comes to large amounts as a commission? Ordinary citizens can be asked for amounts of 3, 10, and 15 thousand dollars. Needless to say, after a person has deposited money again, the funds are still not withdrawn to him. Why?


First option. This is when the client is simply drained of the deposit after depositing additional money in the form of a withdrawal commission. That is, in the history of the client's operations, it can be seen that a commission of $ 5,000 was introduced, and then a huge number of transactions for large amounts are opened and almost all of them go into negative territory. And the broker tells him: "The term for withdrawing funds is two weeks." During these two weeks the money burned out: "We don't owe you anything."


Second option. The client continues to simply be told sorry for expressing a fairy tale and require additional payment in the form of insurance, taxes, etc. And they can also say that they took out the money (the balance actually decreased), but they got lost somewhere along the way. And the brokerage company is not responsible for this. Also, the broker may declare that the money that was transferred to the commission did not actually reach him, i.e. were not credited to the broker's accounts, and therefore he asks to pay the commission again. The reasons are different.


Money in the transfer process can be blocked. We want to warn you. If money leaves point A, then it must reach point B or return to the sender. And it cannot be that money simply hangs in an unknown space. If your broker, analyst, manager, financial advisor or anyone else who represents a brokerage company or a training center tells you something like that, this is a reason to be wary.


The next moment. It is important to understand whether the company could, in principle, require payment of a commission. Withdrawal rules must be specified in the user agreement or contract. If it says that the withdrawal of funds is carried out with a commission, say 3%, then when withdrawing money, the broker will keep this 3%, but all the rest of the money will be transferred. In addition, you definitely should not pay for something from above. In any unclear situation, it is better to double-check the information than to pay again.


Therefore, if you have already paid the commission once, and still have not received your money either to a bank account, or to your card, or to an electronic wallet, then it is important to understand that, most likely, they just want to receive money from you.


Also, people are faced with the fact that they pay a commission and after that, in principle, they cannot enter their personal account, i.e. they just block everything. For what reason? It's just that the broker understands that you will no longer bring money and that you want to take yours. And it blocks access so you can't do anything.

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