Unknown reason! Withdrawal from Vantage failed for several months
According to Huiyou, he opened an account on the Vantage platform in October 2023 and deposited US$15,000. The account opening process was smooth, and there was guidance from the platform’s Chinese customer service. After trading for more than a month, Huiyou's account made a profit of about US$10,000. However, when he tried to withdraw money, he was rejected for unknown reasons. The system only prompted him to contact the platform customer service. After communicating with the platform's customer service, the other party asked Huiyou to provide information that could prove his identity, and Huiyou provided it one by one as requested. However, the result was that the withdrawal was still not possible and the system kept showing "under review".
Soon, Huiyou found that he could not even submit a withdrawal application. He contacted the platform customer service as prompted, but was told that "this seems to be a bit beyond my capabilities" and asked Huiyou to contact the account manager. Huiyou once again complied with the request, but still did not receive any substantial and effective reply. Now, more than three months have passed, and Huiyou still has not been able to successfully withdraw funds. The response from the platform has always been "under review". As for whether the funds can be withdrawn in the end, it is still a "mystery".
Choose a foreign exchange broker, the one that suits you is the best
Judging from the communication records between Huiyou and the platform customer service, the platform customer service obviously knew that this was a Chinese customer. As for why this phenomenon occurred, this may be a "mystery" known to everyone in the industry, but it turns out that the Chinese customer Trading on the Vantage platform is risky. The above-mentioned "mysterious" withdrawal journey of Huiyou illustrates the problem, and he is obviously not the only Chinese customer on the platform.
Investors are reminded to choose the foreign exchange broker that suits them best! You must pay attention to verify whether your account is opened under a regulated company, and beware of some platforms "selling dog meat". Some platforms do hold valid regulatory licenses, but many customers are not opened under the name of a regulated company. , and the customer does not know. If you find that there is a problem with the platform, you can also submit a complaint or exposure on our site to prevent more people from being deceived.
