tastytrade Not Matching Its Traders’ Taste: Withdrawal Blocks, Account Opening Hassles & More

Did tastytrade disallow you from opening a forex trading account? Did the broker fail to provide any reason for this hindrance? Have you faced deposit rejection issues with a US-based forex broker? Facing unfair charges and withdrawal blocks from tastytrade? Does the customer support team fail to address these queries? These strong claims from the trader have become increasingly common on broker review platforms. Lets take a quick look through this review of tastytrade.

Glancing at the Top Complaints Against tastytrade

Lingering Withdrawal Blocks

The constant refusal from the broker to grant withdrawal access worries traders the most. It leaves them pondering about their stuck capital. Here are some negative reviews regarding withdrawal denials.

No Reason Offered Behind Account Opening Application Cancellations

Getting rejections for forex account opening applications is fine. However, as a responsible broker, tastytrade should give a valid reason for these. Unfortunately, it rejects without explaining the rationale, leaving traders worried. Here are some screenshots supporting this complaint.

Unfair Charges & Withdrawal Hassles

This section covers a peculiar case where a trader was charged $45 on withdrawals since he was not a US-based client. As the trader attempted another withdrawal, he was charged $45 and a return fee of $30. Upon contacting the customer service team, the trader did not receive a satisfactory reply. The trader was confirmed by his bank of no payment receipt from tasytrade. This made the trader share negative reviews, as shown below.

Bad Customer Support

The customer support team has been accused of not responding to traders queries. Some traders, including the one in the screenshot below, even label it as the worst. Take a look at the review.

WikiFX Shares the Review of tastytrade - Score & Regulation

The WikiFX team studied the trader complaints and tastytrades regulatory status and did not find it safe for forex traders. Upon intense investigation, tastytrade is found to be unlicensed, adding fuel to the fraud allegations imposed against it. As a result, the team assigned this broker a score of 1.43 out of 10.

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