Why is Instaforex having trouble honoring its clients withdrawals? They sent me this message:
Dear Partner!
Your request for withdrawal is active. Unfortunately some delays appears because of the reason there are a lot of requests at the moment. So we kindly ask you to wait a little bit more.
Sorry for the inconvenience and hope for your understanding.
Should you have any questions or comments, please don’t hesitate to contact us. We highly appreciate your feedback!
Sincerely yours
Partner Relations Department
InstaForex Companies group
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Check out these facts:
Instaforex receives client wire transfers to its main account posted on their website as follows:
Beneficiary:*Technocash*Ltd
Beneficiary's?address:*105*Pitt*St,*Sydney,*NSW,*2 000,*Australia
Beneficiary's?account?number:*034702*231554
Beneficiary's?bank?SWIFT:*WPACAU2SXXX
Beneficiary's?bank:*Westpac*Banking*Corporation
Beneficiary's?bank?address:*264*Church*St,*Parrama tta,*NSW,*2150,*Australia
Well did you know that US prosecutors have announced 45 bank accounts have been restrained or seized.
According to an indictment, three Westpac bank accounts held in the name of Technocash Ltd contained $US36.9 million ($A38.4 million) have been seized. Under a Mutual Assistance Treaty bank accounts in Russia as well as Australia have been restrained. Put the pieces together and this may explain what is happening. Does this explain why the sudden change by Instaforex to pay clients 50% of their money in November. Will they even be around in November. My advice STAY AWAY FROM INSTAFOREX. THEY MAY NEVER RECOVER FROM THIS! If i am wrong I welcome any Instaforex Representative to rebut this statement.
The original news article can be found at the following link:
http://www.theage.com.au/it-pro/secu...529-2naa8.html
