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Instaforex IB account withdrawal problem

Discussion in 'Scam Alerts' started by Phen, Aug 16, 2011.

  1. Phen

    Phen Recruit

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    I have an IB account with instaforex and they are denying me of the fund withdrawal. Forex peace army, help me out.
     
  2. Sylvie O.

    Sylvie O. Sergeant

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    Go ahead, share with us the details
     
  3. JohnP

    JohnP Recruit

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    Oh my sweet jesus this makes me sick to read...

    Go read my Instaforex Scam thread(http://www.forexpeacearmy.com/forex...forex-scam-8200-un-authorized-withdrawal.html) I just posted. I too am an IB there and they just approved an un-authorized $8200 withdrawal to Liberty Reserve (I've never used LR before). They had this transfer approved literally within hours without any notification to me.

    What they did deny though was my attempt to try to cancel the transfer.

    This broker is a joke, STAY AWAY!
     
  4. Pharaoh

    Pharaoh Colonel

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  5. Laurie Gold

    Laurie Gold Corporal

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    details

    Hi Phen;

    I echo Sylvie O's post (hi Sylvie) Please share the details so we can make an informed determination.

    Pharaoh, very nice piece - I think every week I find some useful post from you
     
  6. Phen

    Phen Recruit

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    Instaforex release my IB withdrawal fund.

    I have an IB account 259261with instaforex.com and after few weeks I applied for withdrawal, they told me to use liberty reserve payment as my fund was not enough for the wire withdrawal. After applying for the withdrawal using liberty reserve, no fund was sent to me and no email to intimate me on the reason for the delay.


    I sent series of email to them and I receive no answer. After several chatting with their online live support, they later forwarded email to me that I can not get my withdrawal fund since I have breach their terms. There was no notification of whatever to me not until the time I was lamenting bitterly on my inability to get my withdrawal fund. Since then, they stop giving me rebate on my Ib account.



    Forex peace army. Help me out.
     
  7. Pharaoh

    Pharaoh Colonel

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    Set up an IB relationship with another broker. Get in touch with those you referred to InstaForex. Try to convince them to pull everything out of InstaForex and to move to the new broker.

    Taking money away from scammers is the most effective way to slow them down.
     
  8. RahmanSL

    RahmanSL Major

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    "Taking money away from scammers is the most effective way to slow them down."

    Yes, that would hurt any broker and quite possibly cause them to close shop too.

    BUT, as I read or heard from somewhere, the threat of putting the "Curse of the Pharaoh" on them is just as effective, if not deadlier. : )
     
  9. Pharaoh

    Pharaoh Colonel

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    Some bad brokers succumb to the curse faster than others. The Curse of the Pharaoh works faster when people also stop depositing money with the bad brokers.
    :p
     
  10. RahmanSL

    RahmanSL Major

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    "Some bad brokers succumb to the curse faster than others. The Curse of the Pharaoh works faster when people also stop depositing money with the bad brokers.
    "

    Ohhh...hmmm...I thought you, as an immortal, was supposed to wave your power scepter or something, while your high priest chant some magical spell, and then...voila...with a bolt of lighting & clap of thunder, the curse is let loose and target mummified or fried to a deep crisp.

    ..hmmm, so it doesn't work that way;yah?
     

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