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IQFX Investment Reports & Reviews (1)

- Hewitt, TX, USA
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When first contacting this person I was told that I could open a trade account through the iqfx-investment website and make an initial investment of a small amount. After investing $40, I made a $60 profit in about 3 days and was then able to withdraw the funds from my trade account to my bitcoin wallet with no problems. This person, who claimed to be my account manager for the website, then informed me of a 15% commissions fee that I owed her from the profits made. I did not argue because I did see growth in my account from trades that I did not make myself. I received emails of the trades that were made through my account on my behalf and the profits made from each trade. I then was told that if I wanted to continue investing I would have to make a larger investment because my original trading signal had been exhausted. I decided to continue trading with a new $450 investment. After 6 days my investment netted a profit of almost $10k at which point I thought this is probably to good to be true but due to my previous smooth transactions I went against my better judgements. I was also constantly being updated of my account by email from the website as well as text conversations with the account manager. On that 6th day my account manager informed me that due to my small account size I originally registered with I would not be able to withdraw my funds unless I upgraded to a higher level account. She said that the original account I had could only carry $5500 and in order to withdraw I would have to upgrade by adding to initial investment of $450. I did so by putting in an additional $550 which upgraded my account on the website from mini to silver. That next day I received an email saying my withdrawal was ready and that I could proceed with taking my profits from my trade account. However this email said that I must pay my account manager prior to receiving the profits as opposed to the first time where I paid her afterwards. When asking my account manager about this directly she told me that this was a new policy due to a different account manager not receiving their commissions from one of their clients. Due to me thinking that this was the final step before receiving the profits that were shown in my trade account, I proceeded to send her what would have been her commissions, $1500, the same way I sent it the first time, directly from my bitcoin wallet to hers. Once she received it she told me that I would get my funds from my account in about 30 minutes. After about 35 minutes I got another email from the company saying that in order to process the transaction to my bitcoin wallet I would have to pay another fee of $2100 directly to the company's bitcoin wallet address. After confronting my account manager about this email she kept trying to assure me that this would be the final step before receiving the payment. When I told her that I could not afford this fee, she behaved very oblivious of what I was saying and kept repeating the same things. She would assure me that I'd get the payment if I paid this one last fee and got very defensive when I questioned her on why she didn't tell me about these fees. That next day she completely stopped responding to any of the messages I sent her.

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