Thread: Total scam !!! Run as fast as you can!!

I started trading with one of instaforex Bonus accounts and made quite a bit of profit. So they locked the account and ask for real money to be transferred. So I transferred USD 351.35 to my account. But for some reason (!!) less then that amount was credited to my account, and therefore they insisted that i needed to transfer more! I refused and after many emails, I decided to withdraw my money again, So I withdrew the complete amount, which was just sitting there for a month or so. From the initial deposit of USD 351.35 I got USD 237.99 back!!! I have since written many emails and asked for a detailed breakdown, but to no avail. No reply whatsoever!! Total scam!

I am sorry about the unwanted scams you are facing. It is one the biggest challenge of traders in the forex market to select the appropriate broker for successful trading. Traders should analyze all the aspects such as license, its experience and name in the market as a broker. If you were working with a regulated and trusted broker you may not have to face this situation as you should know that in this decentralized market only regulation can provide you’re a security of funds.

I'm really sorry you faced such a problem. But thanks for sharing this info! I'm sure it ill help many people.

I still couldn't believe that they blindly simply do get that amount and then do nothing with it anyway. I do hope it will be much more than that in reality. How do you plan to get going with such matter anyway with whatever reason ? I am not that sure why so strange amount of deposit as well anyway.