Instaforex scandalized - rumors or truth?

Ammihud7

Private
Messages
23
The above is probably the admin of instaforex** in tos ForexCopy whether there are rules to prohibit ForexCopy.

please explain if there is a rule to prohibit ForexCopy give a link to me so I see
explain if there is a rule to prohibit ForexCopy, if there are restrictions on where his tos

Instaforex (InstaMarkets Ltd.) is supposedly licensed by the International Financial Services Commission in Belize.

ABOUT IFSC - International Financial Services Commission

Lets begin to register our complaints and explore a class action lawsuit against InstaMarkets Ltd. and its principles. Anyone with a legitamite complaint against Instaforex PM me.
 

Master Yoda

Captain
Messages
2,929
It's an offshore company which makes the whole business a joke, no one in Belize is going to take anything you say seriously.
A complaint to the police will be more efficient
 

Pharaoh

Colonel
Messages
19,959
It may be possible to get their license revoked if enough people complaint.

No, this won't get your money back. On the other hand, a revoked license will make it harder for them to recruit new people to deposit money.
 

yideng

Private, 1st Class
Messages
44
It may be possible to get their license revoked if enough people complaint.

No, this won't get your money back. On the other hand, a revoked license will make it harder for them to recruit new people to deposit money.

It seems to be a very big broker if i am not getting wrong. would like to know more details about this.
 

Master Yoda

Captain
Messages
2,929
If the license will be revoked they can always apply to another offshore license at other micro-island state. They are shameless company who will operate this way or another.

It seems to be a very big broker if i am not getting wrong. would like to know more details about this.

If they were very big they were regulated
 

Pharaoh

Colonel
Messages
19,959
They are a fairly large broker. Yes, new licenses can be acquired, but something like "This broker had a license revoked in that country" is enough to make at least a few people hesitate to open accounts.

If you've been ripped off and you don't complain to the regulators or licensing bureaus, no matter how ineffective those are, it looks the same to me as if you are granting the company your personal permission to keep using that license or registration to lure in more victims who will suffer the same scam you've already experienced. If your complaints help save another trader now, that person's complaints may help save you later. If you remain silent now, then you have no reason to complain if no one warns you or the regulators about another bad company later.

If you've really been scammed, the right thing to do is to file complaints with any and all regulators and government agencies. Of course, if it's forex company scamming you, then posting about the problem here at the FPA also is a good way to help warn your fellow traders.
 

Pharaoh

Colonel
Messages
19,959
Instaforex is a special case here, they are operating with no shame

It's true that they have no shame. They also do everything they can to smear anyone who speaks out against them. On the other hand, if a government regulator dumps them, it's a little hard for InstaForex to claim that the regulator lied.
 
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