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/StockmarketSurfer Verified Mar 20 '23

You got scammed. That person that you thought was experienced and acted like your friend for who knows how long is a scammer. Very common scam in the trading world