Unfolding the mystery behind Instaforex real owners and activities

[instascam]

Luckily, our sources are not only well informed, they have been dedicating quite some time, since quite a long time, into investigating Instaforex and the related companies.

And the good thing is that they took some precaution to make copies of the sites they visited. Some sources even had sworn public officers visiting pages and pages of websites, from instaforex.com to various forums, partners sites, and so on over the years, and issuing sworn statements about these pages, to make sure that this evidence can be received in court....

So, thanks to our sources, you can still see what Mr Aleksey Skachilov looks like

 

[instascam]

Why stop here ? Here is the whole executive team (that's post Sharipov "Presidency") :

And, in a more "lively" version, other people we'll introduce soon

 

[instascam]

Everyone remembers Ildar Sharipov :

More lively :

Too lively maybe ?

 

[instascam]

As a sidenote, and a special thought for the FPA community, the idea of this little gang of lowlife scammers spending the last days scouting the web, wondering where in 10+ years of mischievous online activities translating into so many written overstatements, disregard for regulations, conscious malpractice, breaches of law and outright fraud can they have left the trace that is going to send every of them in jail, and trying to clean up their mess is somewhat comforting...

As they are obviously reading this, here is a new exercise....

Clue #1 : This is a view from Instaforex balcony in Bangkok :

Clue#2 : This is an address of an Instaforex IB in Bangkok

The Trendy Office & Plaza, Sukhumvit Soi 13, Sukhumvit Road, Klongtei Nuea, Watthana.

Clue#3 : This is the kind of thing left on the web after a scrub by Instaforex....

Clue#4 : Who is performing activities which are regulated by the Thai SEC and National Bank, and just has been reported to both ?

We'll see what happens first now : Her Majesty the King police forces storming the place or Instaforex people exiting the place...Too bad, the view was really nice from that balcony....

 

[instascam]

But, enough said on these guys.
Now is time to meet another serious player in the Instaforex environment.

 

[instascam]

As always with Instaforex, it is all about the guys who do not appear at all, or at least do not appear in front.

We were quite puzzled to see somebody showing up regularly on quite early photographs of Instaforex events, without ever be named, or appearing in the official list of employees, so we did what we usually do in these cases : we looked into it.

Meet Vladimir Anatolevitch Syrov (Владимир Анатолевич Съйров), director of the Bulgarian company Sofia Proconsult, formerly Insta Sofia.

According to the latest release of the Bulgarian Financial Services Commission (KFN) warning list (see attached file, line 144), Sofia Proconsult is now considered by KFN as being the operator of the website instaforex.com, who is illegally operating in Bulgaria as a clone of the regulated website instaforex.eu

And, for the ones who cannot read Cyrillic, the people who are considered by the financial services commission being the operators of Sofia Proconsult and therefore of the illegal activities performed in Bulgaria and from Bulgaria are Ildar Sharipov and Vladimir Syrov.

 

[instascam]

But Vladimir Syrov is not only one of the men behind instaforex.com.
No, he is also the man behind Superforex.com, as per his Facebook page :

And what is Superforex.com (except being a site that is licensed in Belize, meaning it is operating completely illegally outside of Belize) ?
One of the participants of ShowFxWorld (you know, this international Forex event which is granting every year its "Best Broker in Asia" award to Instaforex).

 

[instascam]

Wow.

Because, when one is taking an uninformed look at the ShowFxWorld participants list (https://www.showfxworld.com/en/exhibitors.html), it looks like all exhibitors are different companies. All the large Russian forex companies are here. And these guys are supposed to be competitors, right ?

Right ?

Well...Maybe we have here the reason why Vladimir Syrov is not listed as part of the Instaforex organization

 

[instascam]

Immediately, an informed eye sees that, out of the 39 exhibitors of ShowFxWorld (40 including Instaforex), a large proportion are connected to Instaforex :

Corsa Capital is a known company of Ildar Sharipov since the Offshore Leaks (https://offshoreleaks.icij.org/nodes/31820)

Forexmart has been launched by Sharipov, and the .eu versions of Instaforex and ForexMart are operated by a company partly owned by Sharipov and whose director is Alexei Skachilov (Instant Trading Eu Ltd in Cyprus).

It is publicly known that NordFx has been acquired by Instaforex.

It is publicly known that Instatrade is the company from which originated Instaforex.

So now, Superforex happens to be part to the Instaforex "Group of Companies".

What else is there ? What about Alpari ? What about Teletrade ? These are giants, when it comes to Russian Forex. They have been competing with Instaforex for years....

Let's see.

 

[instascam]

Let's start with Alpari then.

Here is a screenshot from their alpari.com contact details page.

Yes, exact same address as Insta Service, the Saint Vincent and Grenadines company providing services for instaforex.com

UK phone number as a main contact phone, for a company not FCA licensed : check
Misrepresentation of the company as being somewhat regulated by "Financial Services Authority of Saint Vincent and the Grenadines", so that people who do not know that this country doesn't have regulation on Forex might believe their funds are safe : check
Member of "The Financial Commission", a new toy aimed at giving more credibility to the Instaforex collection of "independent" scam brokers (more on that later) : check

Well, all the checks passed. Sounds like Alpari has turned into a full-fledged Instaforex related scam.
As for the UK company operating the website, well, it is quite interesting too.

AL ACCEPT SOLUTIONS LIMITED, registration number 09822722 is represented, on the website alpari.org (which is operated by a company in Mauritius, more on this later), as the payment processor for card payments for Alpari :

The only little issue is that company is completely unknown from the FCA as a registered payment institution (the same goes for FT Global Services Ltd, but we will come back soon on this one, just keep it in mind for the moment).

So, processing via a shady unregulated company.....check