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I paid fees to UOBE FX and still can't get my withdrawal
AHmed Hussien
Luxembourg 2023-08-25
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Claims: Fund Recovery
Amount: $45000
Progress: Processing
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We have received your complaint about UOBE FX.

Please be informed that UOBE FX is an unregulated scam! 

For more details on this broker, please check our full UOBE FX review.

Could you please provide some evidence of your trading in UOBE FX (such as account number and trading and transaction records)? We will try to contact this broker for you.

AHmed Hussien File a Complaint

First, UOBE FX claimed that there was some third party fund that raises suspicion of being involved in money laundering so I had to pay security deposit of 39000 USDT

Next they said I had to pay taxes of 20%. I refused it first saying that it is my responsibility as a trader to pay taxes, not them and if they really need to withhold taxes on my behalf, they should deduct it from my account. They refused saying that I need to deposit money to pay the taxes. The guy also said that he paid taxes himself on the platform. So I paid tax of cca 33000 USDT (17000 USDT represents my money and the rest -15620 USDT was provided by the guy since I did not have any money left).

Afterwards, they said my wallet shows some abnormality and I need to apply for encrypted security certificate which costs 2000 USDT. My walltet is safe and works without any problem. When I suggested they deposit money to my bank account or to other wallet, they refused and said they cannot cancel withdrawal. I made the payment of 2000USDT to purchase this security certificate plus pay additional risk deposit of 6400USDT (the 2900 USDT was paid by the guy, the rest is my own money). Now they are claiming that I need to pay fine of 7888USDT because I used some loopholes in the system to create profit which is ridiculous. I did not use any loopholes, and were not involved in any money laundering.

I have pending withdrawal of 100.000 USDT since 3.8. which they are refusing to make and additional 138000USDT on the account which I also cannot withdraw. I want just to get my own investment back.