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INSTAFOREX cancel my profits 520$

Discussion in 'Scam Alerts' started by wanifx, Jan 18, 2012.

  1. wanifx

    wanifx Recruit

    Joined:
    Jan 18, 2012
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    Hello.

    I am a holder account number 7144620 at Instaforex.

    On 26 Dec 2011 I has traded some with 177$ till got profit total 520.57$ just in few hours. After withdraw some money, I left my computer with floating position. But when I checked my account a few hour later, I saw my account was crash, no money even minus. I did look on HYSTORY on MT4, found that insta cancel my profit position with reason error quotation, just that, and refer their rule like below.

    5.6. The Company keeps the right of reconsidering the results of deals
    of the Client in case of detection errors in server work, which leads
    to the quotation delay or to giving out non-market quotations.

    This term that they have, very danger, they can cancel all order just said error quotation????

    I think, this bucketshop broker, its going bankrupt so carefully you all if have money on there.
    Withdraw ASAP.

    order.
     
  2. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
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    A true quotation error should only affect a couple of trades. What this really means is that they want to be able to reconsider trades that are too profitable. I'm only surprised that they didn't save this little surprise for the day you tried to withdraw your profits.
     

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