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Unable to withdraw. Broker is asking for 23% of account value in taxes, totally 140k. Cant use money in account.
SOD is not letting me withdraw my funds and not responding to my communication. They have frozen my funds since 29 September 2021.
A month ago I met a girl with whom we started trading in MT5, I invested $ 25k there, on the account now there is $ 46k on the account and $ 10k in the wallet. When I wrote to the broker that I want to withdraw $ 10k to my crypto account, they tried in every possible way to come up with excuses.
I’ve made a few small investments with this company over the past month without issue. After I made a larger investment and attempted to withdraw my earnings, they told me that I needed to pay a withdrawal fee of $11,118.47 to receive my money. I can’t have that amount removed from what’s being transferred, can’t cancel the withdrawal request, can’t pay a partial fee for a portion of the money, or change the amount being withdrawn. My funds are also frozen until the transfer is completed.
I am not able to withdraw my balance because they say that I need to pay a tax before withdrawal. Of course, in the USA you pay capital gain taxes to the IRS during a tax return in the following year. I was tricked into their platform by a Chinese woman I met through the online dating app, Hinge, so this is likely to be a romance scam. They even threatened me in WhatsApp, as attached. Also, their WhatsApp phone numbers change every now and then. It has been almost 2 months since I requested the withdrawal
General Information & Regulation
Founded in 2006, SOD Global Limited is a UK-based investment firm providing diversified online financial transaction services to global retail and institutional customers. Through the MT5 trading platform offered by this broker, traders can get access to forex currencies, global index, futures trading services. In 2011, SOD has successfully become the preferred broker for Australian customers to use MetaTrader 5 platform.
SOD Global Limited provides trading of foreign exchange, commodities, global stock index.
SOD Global Limited does not tell its minimum initial capital requirement. In most cases, most brokers would require traders to fund at least $100 or equivalent amount to start real trading.
At SOD global limited, traders can enjoy a leverage ratio of up to 100:1. This leverage lever can satisfy most traders trading strategies.
Spreads & Commissions
SOD global limited says it offers highly competitive spreads and it does not specify detailed spreads on particular instruments.
Trading Platform Available
When it comes to trading platforms available, SOD Global Limited offers the industry-recognized MT5 trading platform, available on PC and mobile devices.
Deposit & Withdrawal
SOD Global Limited does not disclose its supported ways for the fund in and out. Some common payment methods accepted by most brokers include Wire Transfer, Visa, MasterCard, Skrill, and Neteller.
The SOD Global Limited customer support can be reached through online chat as well as email: firstname.lastname@example.org and its website can be available in six languages: Chinese, English, French, Korean, Traditional Chinese, Japanese.
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