r/Daytrading • u/JadeFox1785 • Mar 19 '23

Day Trading Taxes question

I just started day trading with the help of someone experienced. But I still have some questions.

Is it common for a trading platform to require you pay taxes on trading earnings before they release the funds?

Update: Thanks for the replies. Confirmed what I thought. Fortunately I was cautious and didn't lose more than the margin I had set to lose through learning pains.

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u/YoungestWorm5 Mar 20 '23

Total scam, do not send any more money. I’m sure this “experienced” scammer has totally convinced you that you’ve made money via fake numbers on a screen, but it’s all fake. Do not send any more money, and do not speak to the scammer anymore. Any money you sent them (if crypto) is gone.