Your current location is:{Current column} >>Text
Magarebate now claims I need to pay a $2,000 “global account reconciliation fee”
{Current column}55713People have watched
IntroductionI was stunned when I received that message. My account had already been verified weeks ago, I’d pass ...

I was stunned when I received that message. My account had already been verified weeks ago,ATFX foreign exchange dealer I’d passed every single requirement they listed, and my withdrawal was marked as “approved.” Suddenly, they hit me with this new fee. There was no prior mention, no notice, and no policy outlining such a cost. Their customer service offered no explanation beyond “recent procedural changes.” They refused to provide documentation and said it must be paid externally—no deduction from my account allowed. That makes no sense unless the goal is to extract more money. This isn’t how legitimate brokers operate. I’ve worked with other platforms and never experienced anything like this. It’s obvious they are trying to bleed traders dry by delaying and denying access to their own funds. Magarebate is a fraud posing as a trading service.
Tags:
Related articles
Israel kills Hamas leader, gold prices hit historical highs due to geopolitical risks.
{Current column}On Thursday (October 17), due to the worsening situation in the Middle East and the increased uncert ...
Read moreWhat is an aggressive investor? Role, common strategies, differences.
{Current column}What is an Activist Investor?Activist Investors are investors who actively participate in the manage ...
Read moreWhat is a Hedge? What are the methods of hedging? What does a hedge fund mean?
{Current column}What is Hedging?Hedging is an investment or trading strategy aimed at reducing or offsetting risks b ...
Read more
Popular Articles
- Shanghai's new property policy eases restrictions, boosting home
- Base Currency: Types and differences from Reserve Currency.
- What is arbitrage trade? What strategies are used?
- What is a trader? It’s someone who buys and sells assets. How to become one?
- [Breaking News] Macro Bullion
- What is operations base management? It covers the application scope of operational tasks.