InstaForex scam?

Broker Discussion Forex Brokers
1

Dear friends,

Would u tell me InstaForex Scam or not?

1 Like
3

Iā€™ve been trading with Instaforex for several months now and made a couple of withdrawals. Canā€™t complain so far and donā€™t think itā€™s a scam.

1 Like
4

I dont think so. They won Best Forex Broker in Asia. Did you know that?

5

You can check out an Instaforex Review here

6

How can you say that Instaforex scam? I still wit them till now and all paid

7

No they are big in asia. Very popular.

8

No, InstaForex is not a scam. However if you try to take advantage of wrong or lagging quotes they will cancel your profits and you will be able to withdraw only your initial deposit.

9

they are scam and often they will cancel ur profitā€¦ no broker do that like them
stay away from this instaforex
withdrawal is super slow

10

Istaforex have no spread? how the hell they earn for a living? anyone can explain?

11

They have wide spread.

12

I have faced yesterday. I lost $500 profit. After it comes to near deposit amount they will cancel all. My balance was 1360 (deposit 856 & profit more than 500 profit. ). Finally my balance is 2.28 . Loss -853 . So what happen to profit. They ate it. This is instaforex BAD SIDE. Beware of instaforex. Donā€™t invest again. Contact me asap anyone any company. I ll provide all with documents. Screenshots & everything And also you can review myfxbook. also
post here I ll answer for anything.

45:06
ID: 11299-26911553

09:38Support manager 52
Hello, how may I help you?
How may we assist you?

09:38You
what is this
Be aware of Forex Peace Army Scamaware of Forex Peace Army Scam Be aware of Forex Peace Army Scam
are they saying lies
?

09:39Support manager 52
One moment please.
Yes, the site that you found is warning for our clients to be aware regarding this group

09:41You
Ohh
really
but they are telling 100% truth
I faced
myself

09:41Support manager 52
Forex Peace Army is a scam project. This anonymous project often blacks our company. Moreover, they carry out such policy against other Brokers like FXCM, Forex.com and etc. Our company can not confront FPA, because they do not have any real address and office, FPA is just an internet ghost:
Be aware of Forex Peace Army Scamaware of Forex Peace Army Scam

You can check information about this scam project in google:
Peace Army forex bastard - Google Search

09:41You
this disgusting broker
I am doing no need
ok
I have faced myself
you stole my profit
without any reason
wht r you typing
Be aware of Forex Peace Army Scam aware of Forex Peace Army Scam
09:43Support manager 52
Kindly indicate your account number and the detail of occurance if you may.

09:43You
2134788
Now say contact
only you know this

09:44Support manager 52
Please kindly indicate the ticket number that which you stated as stole money.

09:44You
which ticket no

09:44Support manager 52
You may also found the detail on your account history by login to your client cabinet-history trade-balance operation.

09:44You
1st time I asked about ticket no
I sent directly
emails

09:45Support manager 52
Please kindly provide more detail, kindly address us to the the specific detail of your issue.

09:49You
I have copied traders, So They trade everyone at one time Eu/JPY. I was loosing too much money. I couldnā€™t control them . My balance was $1360 approximately. Then after I check within few ours balance 2. Lost -$853. What happen to this 1360- 853 =? (profit which I have earned)

09:49Support manager 52
Please clarify are you acting as forex copy follower in this part?

09:49You
I have copied traders, So They trade everyone at one time Eu/JPY. I was loosing too much money. I couldnā€™t control them . My balance was $1360 approximately. Then after I check within few ours balance 2. Lost -$853. What happen to this 1360- 853 =? (profit which I have earned)

09:49Support manager 52
Please clarify are you acting as forex copy follower in this part?

09:49You
I removed all now
I copy trades
I am not a follower , I was a copy trader
Check my all emails
They confirmed I am a copy trader
your support team is giving different answers

09:51Support manager 52
One moment please.

09:51You
k

09:53Support manager 52
Have you check on your client cabinet-history trade-balance operation on the detail on your account itself?

09:54You
yes
why?
balance operations have rebates & deposited

09:56Support manager 52
One moment please.

09:56You
k
are you there
?
Dear customer!
If you have not received an answer to your question, you can fill out the form and our specialist will contact you to solve the issue.

Send

10:06You
I am writing to forums

10:07Support manager 52
One moment please if you may.

10:07You
babypips starting point
ok
i ll wait for your answer before posting all
becuase I want to post this converstaion
it is very important

10:08Support manager 52
Please kindly provide where did you found the calculation up to $1360

10:08You
from my balance man
my profit was more than $500
deposit was $866
after I applied card
It was $856
with rebates

10:09Support manager 52
Moment please.

10:09You
ok

10:13Support manager 52
Please kindly login to your client cabinet once again and you may see all of your account history detail Including deposit withdrawal and rebate in detail.
Client cabinet-history trade-close trade.

10:15You
deposit $600 + bonus $110 + Rebates - $10 (club card) = $856
did you agree for this
huh

10:15Support manager 52
Yes.

10:15You
How much I lost in my account $853
right?
agree?

10:16Support manager 52
Yes that is correct.

10:16You
So how much Do I have before copy final balance .
what is the highest balance I had

10:17Support manager 52
Total profit means all your trading summary. So if you ever made profit and then you loose more than the profit earn then the total profit will be indicated as minus.

10:18You

after my balance come to deposited amount you will cut off my profit also
right?
simply that
right?
So what for I choose this company . I never loss money with my profit

10:21Support manager 52
Total profit it self is the result of the trade that yo have made. If it is indicate -$853 than it is the summary of your trade from the beginning.

10:21You
only deposited balance I can looss
So what for I choose this company . I never loss money with my profit
you are getting my money which I have earned right

10:24Support manager 5
All your copied EURJPY orders are closed because you got Stop Out. That is why you suffer a loss.

10:25You
I ll suffer my loss -853 because of copy trade . Say it ok. But what happen to my profit which I have earned

10:21You
only deposited balance I can looss
So what for I choose this company . I never loss money with my profit
you are getting my money which I have earned right

10:24Support manager 5
All your copied EURJPY orders are closed because you got Stop Out. That is why you suffer a loss.

10:25You
I ll suffer my loss -853 because of copy trade . Say it ok. But what happen to my profit which I have earned
Answer asao
I want to post this everywhere on the internet
I want to post this everywhere on the internet

10:26Support manager 5
All the fund including the profit that you have earned so far will be lost if you got a Stop Out.
Please check the history of trades of your account and you will see that EURJPY orders were closed due to Stop Out.

10:27You
simply accept this. If I loss more than deposit my profit also cut off right?
I checked
I ll post all the informations
about copy traders
donā€™t worry
I ll give everyone with proof
I want to tell everyone about this matter

10:28Support manager 5
The profit that you have earned had been used to hold your margin. Unfortunately, your loss was far too big. Therefore you got Stop out.

10:28You
I will open New website for this
you guys never get a one call for me
-853? loss what happen to profit
?
My new website against insta host will ipage
I told you guys. My account dual copied thing
I never got an simple email
You never call me
Etoro , HotForex, FxPrimus
They are always contacting there client
they solve problems
Do you know How many emails i send you
?
I have every bunch of emails
Very soon you can review on the internet
My Name Sanjeewa Narayana
From Sri Lanka
I never hide my informations

10:36Support manager 5
Almost all EURJPY orders on 22 November 2012 were closed automatically because you got Stop Out. The profit that you have earned so far had been used to support your Margin but unfortunately the loss was far too big.
Please note that when your Margin Level reaches 10% then you will get Stop Out. If that happens, all opened orders will be closed automatically.

10:37You
loss was -853 you have stopped out
ok?
accept
accept
So what happen to my profit
where is it gone
It has to be then 1360 loss or after stop out balance $500

I canā€™t post here links or emails because of 1st post. Lets talk about instaforex bad side. I have much experience.

:13:

13

Those that blame, suffer.

This is your fault.

Learn to trade. Stop copying traders.
Lesson you learned here is that you need to take responsibility.

14

Hi there,
Instaforex often cancel all the profits after months during the withdrawal, personally i believe, they are big scam in the Fx world. Surely everyone should avoid them in my opinion. Why one will take risk with them while there are many good brokers with higher leverage, bonus deposit etc those a new comers is looking for.

15

I currently trade with Insta forex, havenā€™t had any reason to complain, have made withdrawals and within 7 working hours i received my money. Their platform is very good when it comes to execution and thier spread is fixed at 3 pips for all the majors

16

iā€™ truly agee with Sarana oppinion. And iā€™m sorry to heard ur exp Sarana. I know how u feel. In my country, Instaforex.com already stamp with ā€œnaughtyā€ broker (scammer). Sadly but this is the fact, almost instaforex.com client from my country. But our country now have broker police like FPA too, even they are not officially from our country goverment. Several scammer or bucket shop staff already faced them, but they cant do anything. Coz they lost argue with ā€œnew broker policeā€ in my country with very knowlegeable bout fx broker.

From them and lot of research, now i can judge which good broker, and the opposite. So, if u wanna discuss more or share our knowlegde bout this topic, we can do chat on ā€˜chatroomā€™. I recently to be there sarana.

Oh one more time, i post too on this forum (forget which thread that i reply) similar like this, just got counter answered. Maybe they still lack of knowledge bout like this. I understand and accept that till they already found the truth. So dont feel bad bout everyone counter answered, this is natural :slight_smile:

Your friend,
spidypips

17

Every small broker now claim they best on Asia. But who know the truth. Example, Check on FBS.com, then Check too on Hotforex.com, instaforex.com claim too?? to much best in Asia. Then, who lied to us??

As for our knowledge, check their similarity usin third party as their payment like Liberty Reserve (LS) who will avoided by big broker like FXDD, FXCM, OANDA, IBFX, Forex.com, etc (example). Know reason behind this fact?? becoz this rules already set on CFTC (No.1 foreign regulatory in the world) regulation that they warn every company within them usin ā€œthird partyā€ as their payment (Check CFTC site).

And document or award like statement ā€œBest Broker in Asiaā€ can manipulate with high tech. Even with kids in elementary school can editing the document. If we want to find the truth, why not ask their customer service, who gave the award and ask directly with them who made the award.

This is only small of way to analyse which scammer or not. I only give an example. If we have good eyes, we should accept this fact :slight_smile:

Also i attach this brocure from CFTC regulatory, simple but very useful. Summary of, the way scammer or bucket shop do, and hope this will be helpful for us. (I highlighted the point like word ā€œbest broker on Asiaā€)

enfforexbrochure.pdf (557 KB)

18

i never test it

19

My friend told this to me. There is such a Russian guy the CEO of the following companies: InsatForex.com, UWCFX.com, MT5.com, ShowFxworld.com, his name is Sergey Mayzus mayzus.com. To make his companies famous he buys forums and organizes companies like ShowFxworld to advertise his companies and hand himself Awards. Also he takes away from his way competitors by creating and buying a special forum like MT5 where its employees write SCAM about all other companies/competitors so that ensure people to open accounts only in his company. He makes absolutely non clear business, and I appeal to the community of traders to help me to inform everyone that he is not an honest businessman and do not open accounts in his company.

21

I hope you find a solution with regards to your issue, no trader would like to go through what you went through. and the conversation with support made me dizzy, it was like chatting with a robot or somethingā€¦

speaking about the brokers award, if im not mistaken insta got the 2011 award for best online broker in asia but hotforex got the 2012, the award was done by WORLDFINANCE. just to clear the confusion i guess.

22

" insta got the 2011 award " these are bull **** to meā€¦ see FPA review from forexpeacearmy.com
even many of my friends are sufferer by Instaforex, i know many cases personally.