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InstaForex - A New Excuse to Confiscate Profits

Discussion in 'Scam Alerts' started by Scam Investigations Committee, Nov 26, 2008.

  1. JPeake

    JPeake Recruit

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    Stop Hunting on Instaforex 10 pip zone

    I had several 40pip (micro account) positions that where not going well so I placed a SL 10 pips above and instantly the price shot up and trade was closed. It happened so quickly forming a nice doji that I hadn't time to blink. I looked at my other computer with another broker and of course no spike. So I put another SL of 10 pips on another 40pip trade and again it shot up as soon as I hit enter and closed the trade. Three times I forced the spike to happen, it was so easy to recreate the 10pip jump stop hunt.
    Needless to say I am now closing my account, lets see if I can withdraw the money.
     
  2. Pharaoh

    Pharaoh Colonel

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    What would rock would be to sit down side by side with a friend who has an account on the same MT4 server. You set the SL to 10, your friend sets no SL. Then make a video of the tick charts.
     
  3. rockknmike

    rockknmike Recruit

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    Thanks FPA, I was thinking about open an account with them since they offer the moneybooker option for deposit and withdraw but now I will pass.
     
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  4. Pharaoh

    Pharaoh Colonel

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    If only more people would look around the web and see the huge number of complaints by real traders about not being able to get their money back from InstaForex. If they did, that scam company would quickly find itself lacking in new victims to fleece.
     
    1 person likes this.
  5. taimee

    taimee Recruit

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    Instaforex Have Cheated me too. Where DO I Have To Submit My Complain ?
     
  6. Pharaoh

    Pharaoh Colonel

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  7. mahmoud78

    mahmoud78 Recruit

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    thank you for your infos , i was too close to open an account with them .

    any other recomaded brokers ?easy and fast with withdrawel
     
  8. theemilym

    theemilym Private

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    The important thing is to always thoroughly research anyone and anything that you are about to sink money into :)
     
  9. Pharaoh

    Pharaoh Colonel

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    No good broker would want its name to be tarnished by being mentioned in a thread about InstaForex.

    There's a thread here where people have shared good broker experiences.

    http://www.forexpeacearmy.com/forex.../11411-so-there-any-brokers-anyone-likes.html

    Ignore anyone who says "I love _____ forex broker" and has a post count that's very low.

    You can also read my advice on finding a broker to meet YOUR PERSONAL trading needs here...

    http://www.forexpeacearmy.com/forex-forum/forex-basics-boot-camp/2333-how-select-forex-broker.html
     
  10. AlexS

    AlexS Recruit

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    Hi,
    we test InstaForex too. They are Realy Scammer. We make profit and after we want to make a pay out they cancel all Orders.
    We get no Information why they do that. Insta is a ****ing Scammer. Do not use thme
     

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