As part of a due diligence process, I am looking to understand if there are potentially any reasons what so ever why a Broker could potentially not allow withdrawal of funds…?
I am about to fund my account with £40K… and want to be 1000% sure I won’t run in to any future unforeseen problems of any kind… I have heard rumours that in some instances brokers have blocked the withdrawal of funds. I am using a large-ish Australian Broker who operates under all the main regulations… I am a UK registered trader with them funding my account with £GBP.
I currently have £10K in my account, but want to increase that to £40K, I sold my apartment a few years back and this provided me with the funds to trade with.
Have you or have you heard of absolutely any reason why a Broker might for any reason not allow withdrawal of funds bank into my Bank account that I funded it with in the first place?
I very much want to make sure all potential eventualities are covered before depositing further funds.
Thanks all in advance for any advice.