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Instaforex not pay over 3 days

Discussion in 'Scam Alerts' started by robertlaputra, Dec 7, 2011.

  1. robertlaputra

    robertlaputra Recruit

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    Instaforex very bad not professional, they not paid me since monday 3 days over.. They respond very bad in the email, promise withdraw process within 1 days but until now not process, I will report to RAFMM, if still not progress i will report to alertpay as my payment method...
    BIG company but very bad service and answer.
     
  2. Pharaoh

    Pharaoh Colonel

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    Keep after them and don't forget to file that report if they don't pay you within a few more days.
     
  3. fxfrench

    fxfrench FXOpen AU Representative

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    Reporting to RAFMM will not get you anywhere. Any regulator that is owned, operated and staffed by the broker members themselves is illegitimate.
    It's a long shot, but you might have more luck with the BVI FSC British Virgin Islands Financial Services Commission since Instaforex is registered there.
     
  4. Pharaoh

    Pharaoh Colonel

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    One more place to file a report. :)

    If you are in the USA, IC3.gov is a good place to file a complaint. If not, ask your bank or local police about where to file internet-based financial fraud charges in your country,
     
  5. fxfrench

    fxfrench FXOpen AU Representative

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    They would just put the report on file. They cannot touch a BVI company. That would only restrict their operation in the USA which has already been addressed by CFTC actions anyway. Instaforex will never get a license in any regulated environment.
     
  6. Pharaoh

    Pharaoh Colonel

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    I wouldn't count out IC3 and CFTC entirely. I have a feeling that they are developing some larger plans.

    Also, if someone manages to file equivalent charges in a non-US jurisdiction, it might result in InstaForex losing access to another country full of potential victims.

    Either way, I'll stand by my advice of filing complaints in as many places as possible. You never know when one more complaint might tip the balance from a pile of complaints collecting dust to some sort of action.
     

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