Dutch Prime Securities: Blaming EU Regulators for Withdrawal Issues
Abstract：A contentious issue faced by many troubled forex traders is the inability to withdraw their funds. When a forex broker makes the withdrawal process stressful or requests for extra payment at this stage, it is highly probable that this broker in question is a scammer in disguise.
Dutch Prime Securities (DPS) is a forex broker that is registered in St. Vincent and the Grenadines, offering over 45 trading instruments, such as securities, indices, futures, precious metals, and currency pairs.
According to WikiFX, Dutch Prime Securities is not broker that is not up to our strict evaluation standard. It is not regulated by any authority body and is operating without a valid license.
A week ago, WikiFX received an Exposure piece submitted by a victim of DPS, named Mihai. Currently, his funds of approximately $3,300 are on the line because DPS had stopped replying to his messages.
Feeling helpless, he reached out to us for assistance and even offered to reward WikiFX if our team could recover his funds successfully.
The truth is, that WikiFX does not charge a penny for such services. We promise to do our best to help victims by investigating and mediating unsolved disputes, free of charge, but we cannot guarantee a 100% success rate.
We urge our users to collect as much evidence as possible should you (unfortunately) get involved in any form of dispute with your forex broker to ease the investigation process.
At the start of July, Mihai reached out to DPSs support representative because he had been waiting for his withdrawal funds but nothing was coming through.
DPS blamed the delayed withdrawal request on the EU regulators and promised that it could arrive in a week or two.
When Mihai tried contacting them for a follow-up, no reply was given by DPS.
The vexed situation continued as DPS left Mihai out to dry without any explanation or reply.
WikiFX is currently actively looking into this case. Updates will be provided as soon as we make progress in this case. Stay tuned for more information.
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