Edgedale Finance Broker Commission of 10%

Investment ForumCategory: Broker QuestionsEdgedale Finance Broker Commission of 10%
Michael asked 4 years ago

I have an account with Edgedale Finance and I have asked to close this and withdraw my money.

They have contacted me both by phone and email and have been told to make a withdrawal of my funds I need to pay broker commission of 10% which is $1027 and insurance company commission of 8% which is $821 total payable $1848 then they will pay me my balance of $12770

Does this sound right ? They tell me they can not deduct this from my account as they can not touch my money?

1 Answers
Moderator Staff answered 4 years ago
Hi Michael,
It sounds like a scam. There is no reason to deposit more money to get out your original money.
No legal licensed broker would make sure claims, but since Edgedale is not a licensed broker, they say anything they want.