Questions & Answers
Withdrawal request of funds not processed by a trading company
From my advice, one of my clients put money in a trading company nearly 1M $ in his own account and in his 3 more sub accounts.
Given the fact that a Muslim trader is forbidden by his religion to charge or earn interest, well, the solution to this dilemma is to trade the forex market with a swap free trading account.
My client put money and started trading in forex. During these 4 months of trading, he had many deposits and withdrawal and during this period he lost 800$ hundred thousand in his trading style.
After 4 months, when the client gave a withdrawal request of 400K $ in one a/c and 300k $ in his another a/c which all of total 700K$ withdrawal on 16th May 2019.
They said in process and till now it's 29th May 2019, and my client has not received any money to his a/c.
Dear Sir/ Madam,
Thank you for reaching out to me on this.
I understand that your client's request has not been processed and this must be causing loss as he cannot use this funds for other purposes.
I would advise that you issue a legal notice to the company regarding the withdrawal of funds.
Further, if the request is not met with a positive response, you will have to institute a civil case against the company for the recovery of your amount.
Considering that amount is huge and the matter is sensitive, you can directly reach out to me on 052-9495731 for discussing further.
Regards,
Hari Wadhwana
