I am not depending Instaforex, I only speak on my own experience I have around 1k deposit with them and everything is fine so far, so do you expect me to give bad review about such broker? everyone is entitled to his own opinion, we have our own choice whether to deposit with them or not......in regards with using LR it is a pity that these things happen, but I see it coming from the very beginning because LR operation is no different with e-gold in the 90', traders should realize that using an e_currency such as LR is like shooting in the head, you can use wire transfer, skrill, neteller or paypal when it is available where funds are more safer....
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Problem InstaForex - A New Excuse to Confiscate Profits
- Thread starter Scam Investigations Committee
- Start date
I am having an issue with a company
I am not depending Instaforex, I only speak on my own experience I have around 1k deposit with them and everything is fine so far, so do you expect me to give bad review about such broker? everyone is entitled to his own opinion, we have our own choice whether to deposit with them or not......in regards with using LR it is a pity that these things happen, but I see it coming from the very beginning because LR operation is no different with e-gold in the 90', traders should realize that using an e_currency such as LR is like shooting in the head, you can use wire transfer, skrill, neteller or paypal when it is available where funds are more safer....
Pharaoh
Brigadier General
- Messages
- 20,309
Funny how there are no reports of any other broker decided to make confiscation of 50% of all LR deposits, no matter how long ago that money should have been moved by the broker into a bank account. Even with grabbing 50% of a deposit method (that InstaForex approved - no one forced them to accept it), they still also demand that the traders actively trade during those 6 months.
Personally, this strikes me as direct and unapologetic theft of money that clearly belongs to traders. That certainly meets any rational definition of scam.
But I guess it's ok for you, since none of the assorted confiscations have affected you, . . . yet.
Personally, this strikes me as direct and unapologetic theft of money that clearly belongs to traders. That certainly meets any rational definition of scam.
But I guess it's ok for you, since none of the assorted confiscations have affected you, . . . yet.
binarydaily
Private, 1st Class
- Messages
- 30
Maybe its just me, but it looks like Instaforex are broke - they just can pay that money since they don't have it. It have nothing to do with LB, they are just delaying the payments because they can't afford it...
Pharaoh
Brigadier General
- Messages
- 20,309
Insta's issues seem to be even bigger than grabbing 50% of all LR deposits.
https://www.forexpeacearmy.com/fore...5566-instaforex-scandalized-rumors-truth.html
https://www.forexpeacearmy.com/fore...5566-instaforex-scandalized-rumors-truth.html
Pharaoh i see there are many files lately comeing on InstaForex will be much easy if to join the files toghter,any way from other tray and post to the best of my understanding ,i sew the post they put against us ,which is dumm from there side if i may say dear InstaForex thank you for publishing us ,cause i am sure many who didnt heard about us will come and see and will found out how you scam your clients without no shame .i think we have to contact all the victmes that they can join forces against intaforex
binarydaily
Private, 1st Class
- Messages
- 30
If anyone still have his money invested with them, I would suggest to withdrawal it while you still have a chance go get something, it looks like very soon they will shut down their site.
Ammihud7
Private
- Messages
- 23
Why is Instaforex having trouble honoring its clients withdrawals? They sent me this message:
Dear Partner!
Your request for withdrawal is active. Unfortunately some delays appears because of the reason there are a lot of requests at the moment. So we kindly ask you to wait a little bit more.
Sorry for the inconvenience and hope for your understanding.
Should you have any questions or comments, please don’t hesitate to contact us. We highly appreciate your feedback!
Sincerely yours
Partner Relations Department
InstaForex Companies group
Forex | Online Forex Trading | Currency Trading | Forex Broker
InstaForex Partners Facebook Group
InstaForex Partners Facebook Page
InstaForex Partners Twitter
InstaForex Partners Google+
Check out these facts:
Instaforex receives client wire transfers to its main account posted on their website as follows:
Beneficiary:*Technocash*Ltd
Beneficiary's address:*105*Pitt*St,*Sydney,*NSW,*2 000,*Australia
Beneficiary's account number:*034702*231554
Beneficiary's bank SWIFT:*WPACAU2SXXX
Beneficiary's bank:*Westpac*Banking*Corporation
Beneficiary's bank address:*264*Church*St,*Parrama tta,*NSW,*2150,*Australia
Well did you know that US prosecutors have announced 45 bank accounts have been restrained or seized.
According to an indictment, three Westpac bank accounts held in the name of Technocash Ltd contained $US36.9 million ($A38.4 million) have been seized. Under a Mutual Assistance Treaty bank accounts in Russia as well as Australia have been restrained. Put the pieces together and this may explain what is happening. Does this explain why the sudden change by Instaforex to pay clients 50% of their money in November. Will they even be around in November. My advice STAY AWAY FROM INSTAFOREX. THEY MAY NEVER RECOVER FROM THIS! If i am wrong I welcome any Instaforex Representative to rebut this statement.
The original news article can be found at the following link:
Read more: Liberty Reserve Shut Down in $6 Billion Online Money Laundering Case
Your Message
Pharaoh
Brigadier General
- Messages
- 20,309
An company as big as InstaForex should have no trouble dealing with a surge of withdrawal requests - unless they don't have the money available to process the requests.
A broker that keeps client funds separate from operating funds would never find itself short on cash to pay withdrawals.
My suggestion to all InstaForex customers - get your money out NOW! If you really want to trade with them, you can always put it back in later, if they are still around.
Pharaoh
Brigadier General
- Messages
- 20,309
I suggest anyone who has issues withdrawing money from InstaForex go here:
https://www.forexpeacearmy.com/fore...ave-you-been-scammed-how-complain-manual.html
Look up the real regulators for Russia and your own county. File complaints.
Also, file a complaint here:
econsumer.gov - Your site for cross-border complaints.
Remember, regulators aren't psychic. If you don't provide them with useful evidence, you are helping to guarantee that they will do nothing.
https://www.forexpeacearmy.com/fore...ave-you-been-scammed-how-complain-manual.html
Look up the real regulators for Russia and your own county. File complaints.
Also, file a complaint here:
econsumer.gov - Your site for cross-border complaints.
Remember, regulators aren't psychic. If you don't provide them with useful evidence, you are helping to guarantee that they will do nothing.
