FXGlobe's Endless "Pending" Status: Traders Report "Deposits Only, No Withdrawals"

Recently, a trader reported that his withdrawal request for $1,090 has remained in a "Pending" state for over 40 days since submission. This is not an isolated incident. From Nigeria to Europe, multiple users have reported facing a "deposits only, no withdrawals" dilemma with FXGlobe, with some accounts even being closed without any provided reason.

40 Days of Stagnation: Why is $1,090 So Hard to Withdraw?

Having been registered with FXGlobe for several years, this trader previously viewed it as a standard trading platform. According to his account, his trading history is clean with no violations, and his overall trading frequency is low. However, trouble began when he applied to withdraw $1,090 of his own funds on October 27.

Since the request was submitted, the withdrawal status has been stuck at "Pending." Initially, he assumed this was simply standard banking processing time. However, despite contacting official customer support multiple times, he received nothing but generic replies stating, "It is being processed, please wait." After more than 40 days, there has been no substantive progress, and no account manager has reached out to resolve the matter.

The trader expressed that this prolonged "Pending" status, coupled with a total lack of effective communication, has led him to seriously doubt whether he will ever recover his funds.

Global Feedback: Easy to Deposit, Difficult to Withdraw

The ordeal of this trader reflects a broader systemic issue currently plaguing FXGlobe. By reviewing feedback across various sources, BrokersView found that complaints regarding "withdrawal delays" have emerged from multiple regions.

As shown in the records above, some users have pointed out that the broker is intentionally placing obstacles in the path of fund withdrawals. One user noted that several of his withdrawal requests have been hanging in a "pending" state since March and remain unresolved to this day.

Another victim reported that after depositing $1,500 and later attempting to withdraw, more than three months have passed without the funds arriving. Emails sent to the CEO and the back-office department have all gone unanswered.

Furthermore, other traders have shared that after their withdrawal requests were left pending for a month, FXGlobe simply stopped responding altogether. He warned others not to invest here, while another reported that their account was closed without explanation and no refund was ever issued.

Limitations of Offshore Entity Protection

While FXGlobe claims to hold multiple regulatory licenses on its website, traders must distinguish which specific entity they are contracted with. Based on our information, FXGlobe does hold a license from South Africa's FSCA (No. 52045), but this regulation is primarily intended for the local South African market.

For the vast majority of international clients, accounts are typically opened under the entity regulated by the Vanuatu VFSC (FS International Limited, Registration No. 700227). Compared to mainstream, strictly regulated jurisdictions, offshore regulation offers significantly limited protection for investor funds. This partly explains why international users find the resolution process exceptionally difficult when withdrawal disputes arise.

BrokersView Reminds You

Given the frequent reports of "long-term pending withdrawals" and "delayed customer support" at FXGlobe, BrokersView advises traders to remain highly vigilant. If you encounter withdrawal delays, please preserve all communication records as evidence and submit a complaint to BrokersView as soon as possible. We will continue to monitor subsequent developments.