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Unfolding the mystery behind Instaforex real owners and activities

Discussion in 'Company Articles' started by instascam, Aug 4, 2019.

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Is this information pertinent and interesting for FPA readers

  1. instascam

    instascam Private, 1st Class

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    Everyone knows Instaforex, the infamous, two-sided, Forex company.
    Heads : a forex website, in business since 2007, boasting hundreds of thousands, sometimes several million customers, a worldwide presence through offices and partners, prestigious sports sponsorship contracts, luxury cars and tremendous amounts of cash handed over to customers in regularly held raffles, countless prizes, distinctions and favourable business reviews won from multiple organisations and media. This is "the Best Broker in Asia" side of the Instaforex story.
    Tails : a troubled history, regulatory warnings, indictments and prosecution across the globe, forums filled with allegations of fraud, scam and complaints. This is the "biggest Forex scam on the internet" side of Instaforex.

    So yes, everyone knows "Instaforex"...but nobody knows who "Instaforex" is.
    What is the mysterious "Instaforex Group of Companies" or "Instaforex Group" operating the instaforex.com website and other related websites ? Who are its directors, shareholders and beneficiaries ?
    Whenever a trader gets scammed, who should he sue to get his money back ?
    How does this website manages to stay in business if it has apparently that many problems ?
    And, finally, is the business of "Instaforex" as legit as they claim it to be, or does it relates to things which go way beyond the "simple" fact of providing forex services without a license and are much, much murkier ?

    These questions seem to be quite complicated to answer, due to the opacity surrounding "Instaforex Group of Companies". Even regulators seemingly had stopped to try to identify and prosecute the entities and individuals behind the unlicensed activities of instaforex.com, simply blacklisting the website itself and "Instaforex" or "Instaforex Group of Companies".
    But recently a lot of information has been surfacing, through Court cases, indictments and other official sources.
    So, in order to get acquainted with "Instaforex", let's first see who owns the website, the brand, and the logo :

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    INSTAFOREX - Trademark Details

    Status: 701 - Section 8-AcceptedSerial Number

    85320322

    Registration Number

    4074147

    Word Mark

    INSTAFOREX

    Status
    701 - Section 8-Accepted

    Status Date

    2017-11-15

    Filing Date

    2011-05-13

    Registration Number

    4074147

    Registration Date

    2011-12-20

    Mark Drawing
    4000 - Standard character mark Typeset

    Published for Opposition Date

    2011-10-04

    Attorney Name

    Curt Handley, Esq.

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 1 of 6

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    Law Office Assigned Location Code

    M30

    Employee Name

    MARTIN, LIEF ANDREW

    Statements

    Goods and Services

    Electronic financial trading services; Financial advice and consultancy services; Financial analysis and research services; News reporting services in the field of financial news

    Pseudo Mark

    INSTANT FOREIGN EXCHANGE

    Pseudo Mark

    INSTANT FOREIGN EXCHANGE

    Classification Information

    International Class
    036 - Insurance; financial affairs; monetary affairs; real estate affairs. - Insurance; financial affairs; monetary affairs; real estate affairs.

    US Class Codes

    100, 101, 102

    Class Status Code 6 - Active

    Class Status Date

    2011-05-19

    Primary Code

    036

    First Use Anywhere Date

    2007-05-27

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 2 of 6

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    First Use In Commerce Date

    2007-05-27

    Current Trademark Owners

    Party Name

    INSTA HOLDING LTD.

    Party Type
    32 - 2nd New Owner Entered After Registration

    Legal Entity Type 03 - Corporation

    Address

    Please log in with your Justia account to see this address.

    Trademark Owner History

    Party Name

    INSTA HOLDING LTD.

    Party Type
    32 - 2nd New Owner Entered After Registration

    Legal Entity Type 03 - Corporation

    Address

    Please log in with your Justia account to see this address.

    Party Name

    INSTA HOLDING LTD.

    Party Type
    31 - 1st New Owner Entered After Registration

    Legal Entity Type 03 - Corporation

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 3 of 6

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    Address

    Please log in with your Justia account to see this address.

    Party Name

    Ekaterina Pobedinskaya

    Party Type
    30 - Original Registrant

    Legal Entity Type 03 - Corporation

    Address

    Please log in with your Justia account to see this address.

    Party Name

    Ekaterina Pobedinskaya

    Party Type
    20 - Owner at Publication

    Legal Entity Type 03 - Corporation

    Address

    Please log in with your Justia account to see this address.

    Party Name

    Ekaterina Pobedinskaya

    Party Type
    10 - Original Applicant

    Legal Entity Type 03 - Corporation

    Address

    Please log in with your Justia account to see this address.

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 4 of 6

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    Correspondences

    Name

    Curt Handley, Esq.

    Address

    Please log in with your Justia account to see this address.

    Trademark Events

    Event Date

    Event Description

    2011-05-17

    NEW APPLICATION ENTERED IN TRAM

    2011-05-19

    NEW APPLICATION OFFICE SUPPLIED DATA ENTERED IN TRAM

    2011-05-20

    NOTICE OF PSEUDO MARK MAILED

    2011-08-30

    ASSIGNED TO EXAMINER

    2011-08-30

    APPROVED FOR PUB - PRINCIPAL REGISTER

    2011-10-04

    PUBLISHED FOR OPPOSITION

    2011-10-04

    OFFICIAL GAZETTE PUBLICATION CONFIRMATION E-MAILED

    2011-10-04

    OFFICIAL GAZETTE PUBLICATION CONFIRMATION E-MAILED

    2011-12-20

    REGISTERED-PRINCIPAL REGISTER

    2012-04-27

    TEAS CHANGE OF CORRESPONDENCE RECEIVED

    2012-06-06

    AUTOMATIC UPDATE OF ASSIGNMENT OF OWNERSHIP

    2013-01-09

    ASSIGNMENT OF OWNERSHIP NOT UPDATED AUTOMATICALLY

    2013-09-03

    TEAS CHANGE OF OWNER ADDRESS RECEIVED

    2013-09-03

    APPLICANT/CORRESPONDENCE CHANGES (NON-RESPONSIVE) ENTERED

    2016-12-20

    COURTESY REMINDER - SEC. 8 (6-YR) E-MAILED

    2017-10-19

    TEAS SECTION 8 RECEIVED

    2017-11-14

    CASE ASSIGNED TO POST REGISTRATION PARALEGAL

    2017-11-15

    POST REGISTRATION ACTION MAILED - SEC. 8

    2017-11-15

    TEAS RESPONSE TO OFFICE ACTION-POST REG RECEIVED

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 5 of 6

    INSTAFOREX Trademark of Ekaterina Pobedinskaya - Registration Number 4074147 - Serial Number 85320322 :: Justia Trademarks 31.07.19, 0)18

    2017-11-15

    REGISTERED - SEC. 8 (6-YR) ACCEPTED

    2017-11-15

    NOTICE OF ACCEPTANCE OF SEC. 8 - E-MAILED

    https://trademarks.justia.com/853/20/instaforex-85320322.html Page 6 of 6


    Our series of carefully sourced publications will continue explore in-depth the reality behind Instaforex, so stay tuned, and get ready for some surprises.
     
  2. instascam

    instascam Private, 1st Class

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    Hello FPA readers !
    Continuing with yesterday's series, we are exploring the ownership of instaforex.com website.
    One could be tempted to believe that the company owning the website would be the British Virgin Islands company under license which is supposed to deliver the services to users.
    Well, in fact no : it looks like it is in fact the very same company "INSTA HOLDING" which is also the current owner of the brand name INSTAFOREX, as per shown yesterday from the registers of international trademarks, as shown from a notarial act (6 pages attached).
     

    Attached Files:

  3. instascam

    instascam Private, 1st Class

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    So we went to see what was this mysterious INSTA HOLDING company was.
    And we started to uncover couple of very interesting things, to be revealed in our next edition.

    But first, meet INSTA HOLDING, it's all in the attached files from the company's registered documents. Share Certificate.
     

    Attached Files:

  4. instascam

    instascam Private, 1st Class

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    So we decided to check for related companies in the same place, and look what we found Certificate of incorporationIS. Certificate of incorporationIS.
     

    Attached Files:

  5. instascam

    instascam Private, 1st Class

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    So we decided to take a good look at what else we could find on this address, and found couple of interesting things there :

    First, a relative newcomer in the vibrant Forex scene : meet forexpenguin.com
    At first look, it seemed to be another unlicensed broker registered in Seychelles, but then we found this :

    InstaForex  - Forex Penguin.
     

    Attached Files:

  6. instascam

    instascam Private, 1st Class

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    Now, this whole penguin thing looked way way less independent from Instaforex, and we will revert back to it later on.
    Meanwhile, dear FPA readers, avoid forexpenguin.com like a plague, because these guys are in fact nothing more than Instaforex.
     
  7. instascam

    instascam Private, 1st Class

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    Our curiosity being aroused, we kept on digging at the same address, and here is what we found : it is also the home of Quasi Networks Ltd. quasinetworks_whois_highlight-699x1024.

    And Quasi Networks Ltd are not exactly in the friendly Forex business.....

    Please meet another Instaforex related endeavour, in the very words of Dan Snider's excellent paper on Medium :

    Anon-IB, Quasi Networks and the Online Exploitation of Women

    Part 1 here :
    https://medium.com/@dephekt/anon-ib-quasi-networks-and-the-online-exploitation-of-women-dc2649daba0f

    Part 2 here :
    https://medium.com/@dephekt/part-2-anon-ib-quasi-networks-and-the-exploitation-of-women-6a86723f44fd

    Looks like the people behind Instaforex have been busy busy busy....And keep in mind these stories of online very very very close to ransomware related issues, which we will discuss later on.
     
  8. instascam

    instascam Private, 1st Class

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    And finally, keep in mind the fact that Quasi Networks is not only porn revenge and child porn, as Dan Snider demonstrates, but also is connected with cyberthreats, phishing of financial institutions, and much more...And keep in mind the name of this "Group-IB" Russian cybersecurity firm, because this is where it is getting very, very, very juicy...
     
  9. instascam

    instascam Private, 1st Class

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    But, before we dive deeper into the Instaforex world, let's revert back a moment to the new address of INSTA HOLDING since 2014. This will explain FPA readers why there is absolutely nothing to await from complaints to Seychelles financial authorities.

    As exposed previously, INSTA HOLDING was, from its incorporation to 2014, registered with the following address : Suite 1, Sound & Vision House, Francis Rachel Str, Victoria, Mahe, Seychelles.

    That is, with these guys : ALPHA CONSULTING GROUP Seychelles | Alpha Consulting JPEG.
     
  10. instascam

    instascam Private, 1st Class

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    Now, their new address (which is not fully represented to ICANN, but, hey, who cares....) which we managed to procure, is the following one : 103 Sham Peng Tong Plaza Victoria,Mahe,Seychelles

    That would be with these guys : APOLLO INTERNATIONAL

    Apollo JPEG.
     

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