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Instaforex (Russia) trouble

  • #21
  • Sep 27, 2015 7:13pm Sep 27, 2015 7:13pm
I will judge it as slightly unfair on this broker because mainly the negative reviews i see on webs is due to their forum bonus program which is a kind of benefit that is good for new comers, but unfortunately many people react like it's their on funds which is sad to see. I am of course not trading with them, but still i don't understand some people logic with considering bonus as their own property.
  • #22
  • Sep 27, 2015 9:29pm Sep 27, 2015 9:29pm
Instafx is my number one wife unfortunately i divorced her few years ago. The reason being which i think no one could believe it. 1st time deposit to my trading account, good, everything smooth. 2nd time, money deposited to the broker end up to other people account, could you imaging this. I provide them all require documents but no evil. It is not my intention or whatsoever to dis rated this broker but honestly this did happen to me.
  • #23
  • Sep 27, 2015 9:36pm Sep 27, 2015 9:36pm
Quoting pelautfx
Instafx is my number one wife unfortunately i divorced her few years ago. The reason being which i think no one could believe it. 1st time deposit to my trading account, good, everything smooth. 2nd time, money deposited to the broker end up to other people account, could you imaging this. I provide them all require documents but no evil. It is not my intention or whatsoever to dis rated this broker but honestly this did happen to me.
Scam broker, dont do business with them, trust me
  • #24
  • Sep 27, 2015 10:10pm Sep 27, 2015 10:10pm
this is a scam fraud broker run by Russian mafia...

don't ever ever put your money with them..
  • #25
  • Oct 30, 2015 3:33am Oct 30, 2015 3:33am
Quoting shahzad dar
Hello every one. I have open an account in INstaforex. I have a bitter experice in Instaforex. Instaforex clauses are very dangerous wich I came to know when i opened an account. 1- WHen Data (US unemployment) came, the stop loss they increased deleibrately. if you loss. they dedcut money. when we gain any thing , they deduct 90% profit from us. 2- stop loss increased and take profit decreased automatically when data came . 3- When I withdrwal all amount from instaforex, they deduct my all profits and their email comes from anti fraude department...
Your fault for not researching this company there has been scam warnings for this company for years. A sucker is born everyday no wonder Instaforex is still in business. I don't mean to be harsh. I really feel sorry for you bro. Take Care...
  • #26
  • Oct 30, 2015 5:50am Oct 30, 2015 5:50am
Quoting shahzad dar
When the price change, connected with the difference between the instrument last price at market close and the instrument first price at market open, or connected with news release, leads to a profit higher than 10% of the initial deposit, the Company reserves the right to use correction of such trade financial result
WTF?? First time see such crap in ToS
Forget about that scam and find better broker..
  • #27
  • Oct 30, 2015 6:38am Oct 30, 2015 6:38am
Quoting leebsurag
{quote} WTF?? First time see such crap in ToS Forget about that scam and find better broker..
Indeed. Guys really, you're giving YOUR money to a business (point 1), you speculate with YOUR money on a service that business offers to you (point 2). This makes two excellent reasons to read the effing terms of your chosen business.
If there is anything in the terms you don't understand, ask it here.
Yeah there are "brokers" who cheat on you, but that is not even cheating here, it's in their terms of service.

I'm not going to say all Russian businesses are thieves BUT regulation for FX "brokers" in Russia is still in it's infancy which alone should be a very good reason to avoid those companies. I haven't looked at the swedes but the FCA for example does a really good job AND they have much more experiences in retail FX than the regulators of most other countries. Australias ASIC is making great steps forward, too.
  • #28
  • Nov 2, 2015 9:29am Nov 2, 2015 9:29am
Quoting JensG
{quote} Indeed. Guys really, you're giving YOUR money to a business (point 1), you speculate with YOUR money on a service that business offers to you (point 2). This makes two excellent reasons to read the effing terms of your chosen business. If there is anything in the terms you don't understand, ask it here. Yeah there are "brokers" who cheat on you, but that is not even cheating here, it's in their terms of service. I'm not going to say all Russian businesses are thieves BUT regulation for FX "brokers" in Russia is still in it's infancy which...
+1
  • #29
  • Nov 4, 2015 12:28pm Nov 4, 2015 12:28pm
scam broker
  • #30
  • Nov 5, 2015 3:24am Nov 5, 2015 3:24am
Quoting JensG
{quote} Indeed. Guys really, you're giving YOUR money to a business (point 1), you speculate with YOUR money on a service that business offers to you (point 2). This makes two excellent reasons to read the effing terms of your chosen business. If there is anything in the terms you don't understand, ask it here. Yeah there are "brokers" who cheat on you, but that is not even cheating here, it's in their terms of service. I'm not going to say all Russian businesses are thieves BUT regulation for FX "brokers" in Russia is still in it's infancy which...
These scumbags aren't located in Russia, they had Belize license just keep Russian sub-traders in focus, fleecing them in a barefaced manner.
  • #31
  • Feb 3, 2016 11:21am Feb 3, 2016 11:21am
Horrible company. To everyone reading this, stay away from Instaforex!

I have never had to deal with such incompetent people in my life.
  • #32
  • Feb 3, 2016 3:48pm Feb 3, 2016 3:48pm
I was working with Instaforex in past but that too much problem with withdrawal, it was almostt like i had to remind their customer service again and again then please proceed my withdrawal and even that was one thing but they have so many idiots hanging there that they say send email to fraud department.. Now can you imagine such reply for newbies? it kills the heart.. I have not faced any lost but i seriously can't handle this sort of pain.
  • #33
  • Feb 5, 2016 7:14am Feb 5, 2016 7:14am
Withdraw is the essential point in the broker choosing process.
  • #34
  • Feb 5, 2016 3:15pm Feb 5, 2016 3:15pm
Quoting JamesRawat
I was working with Instaforex in past but that too much problem with withdrawal, it was almostt like i had to remind their customer service again and again then please proceed my withdrawal and even that was one thing but they have so many idiots hanging there that they say send email to fraud department.. Now can you imagine such reply for newbies? it kills the heart.. I have not faced any lost but i seriously can't handle this sort of pain.
Instaforex Anti-fraud department is total fraud department itself. Very well planned scammer web broker. They aim mainly advertisement , contest etc to mislead people. Always withdrawal is very important in any brokers. If withdrawal process delayed by day2 ...indication of bad broker.
Patience is best EA in Trading
  • #35
  • Feb 5, 2016 6:04pm Feb 5, 2016 6:04pm
This broker screams shady/dubious from a mile away. Beyond my comprehension why anyone would want to do business with them.
The worst thing I can be is the same as everybody else. I hate that.
  • #36
  • Feb 8, 2016 12:09am Feb 8, 2016 12:09am
So many valuable feedbacks. I am sure somebody said I am NEWS TRADING on xxx broker but somehow my eyes can't that post.
  • #37
  • Last Post: Feb 8, 2016 11:18pm Feb 8, 2016 11:18pm
Quoting GubyIQ
This broker screams shady/dubious from a mile away. Beyond my comprehension why anyone would want to do business with them.
lured by advertisements...contest,prize money , cars, easy money , forum posting etc may be reasons..why
Patience is best EA in Trading
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