

Member Since Sep 15, 2011 80 posts ForexTU-James (Jaypipin) Jan 21 2013 at 19:11



fpa changed status to 'scam alert' for russian brokerage InstaForex

I have seen some skepticism towards Insta, but most of the activity would have been a non issue had traders known that insta require a position to remain open for more than 300 seconds then only can it be closed or partially closed. Also their fixed spread and alongside a claim to be a MM or provide ECN connection is still an open discussion elsewhere.



So i wrote to Instaforex and questioned the alert on fpa about scam broker. Insta forex replied:

«Forex Peace Army» Internet resource (forexpeacearmy.com) is an anonymous fraud project which gains profit from blackmailing brokerage companies and dealing centers. By means of Internet Search you can find a lot of evidences of that this project is scam. More detailed information about our company’s position concerning this scam website is available here:



I sent this to fpa, who dont have contact details on their website, but an internal mail system. i posted this message and almost a week without a reply. I will update this post when i gain more information. Just wanted to gain some responses.



Is Forex Peace Army, a scam or Instaforex? any opinions welcome.

who is right and what is the outcome of these accusations.fpa changed status to 'scam alert' for russian brokerage InstaForexI have seen some skepticism towards Insta, but most of the activity would have been a non issue had traders known that insta require a position to remain open for more than 300 seconds then only can it be closed or partially closed. Also their fixed spread and alongside a claim to be a MM or provide ECN connection is still an open discussion elsewhere.So i wrote to Instaforex and questioned the alert on fpa about scam broker. Insta forex replied:«Forex Peace Army» Internet resource (forexpeacearmy.com) is an anonymous fraud project which gains profit from blackmailing brokerage companies and dealing centers. By means of Internet Search you can find a lot of evidences of that this project is scam. More detailed information about our company’s position concerning this scam website is available here: https://instaforex.com/forexpeacearmy.php I sent this to fpa, who dont have contact details on their website, but an internal mail system. i posted this message and almost a week without a reply. I will update this post when i gain more information. Just wanted to gain some responses.Is Forex Peace Army, a scam or Instaforex? any opinions welcome. Quote | Message | Report



Member Since Sep 15, 2011 80 posts ForexTU-James (Jaypipin) Jan 21 2013 at 19:21 Just when i though FPA was a good resource, now i am totally confused Quote | Message | Report



Member Since Aug 06, 2011 345 posts Gary Sharp myfxpt com (myfxpt) Jan 21 2013 at 21:51

who is right and what is the outcome of these accusations.



fpa changed status to 'scam alert' for russian brokerage InstaForex

I have seen some skepticism towards Insta, but most of the activity would have been a non issue had traders known that insta require a position to remain open for more than 300 seconds then only can it be closed or partially closed. Also their fixed spread and alongside a claim to be a MM or provide ECN connection is still an open discussion elsewhere.



So i wrote to Instaforex and questioned the alert on fpa about scam broker. Insta forex replied:

«Forex Peace Army» Internet resource (forexpeacearmy.com) is an anonymous fraud project which gains profit from blackmailing brokerage companies and dealing centers. By means of Internet Search you can find a lot of evidences of that this project is scam. More detailed information about our company’s position concerning this scam website is available here:



I sent this to fpa, who dont have contact details on their website, but an internal mail system. i posted this message and almost a week without a reply. I will update this post when i gain more information. Just wanted to gain some responses.



Is Forex Peace Army, a scam or Instaforex? any opinions welcome.

Jaypipin posted:who is right and what is the outcome of these accusations.fpa changed status to 'scam alert' for russian brokerage InstaForexI have seen some skepticism towards Insta, but most of the activity would have been a non issue had traders known that insta require a position to remain open for more than 300 seconds then only can it be closed or partially closed. Also their fixed spread and alongside a claim to be a MM or provide ECN connection is still an open discussion elsewhere.So i wrote to Instaforex and questioned the alert on fpa about scam broker. Insta forex replied:«Forex Peace Army» Internet resource (forexpeacearmy.com) is an anonymous fraud project which gains profit from blackmailing brokerage companies and dealing centers. By means of Internet Search you can find a lot of evidences of that this project is scam. More detailed information about our company’s position concerning this scam website is available here: https://instaforex.com/forexpeacearmy.php I sent this to fpa, who dont have contact details on their website, but an internal mail system. i posted this message and almost a week without a reply. I will update this post when i gain more information. Just wanted to gain some responses.Is Forex Peace Army, a scam or Instaforex? any opinions welcome.



FPA is far from being a scam. If a trader raises a legitimate complaint FPA will investigate and report on its findings, thus alerting the community to potential problems. My understanding of this particular case is that FPA gave Insta ample opportunity to reply, but 'alleged' supporting evidence was not provided by Insta.



With that said, it's up to the individual trader to make up his or her own mind. In my opinion Insta does not seem to be a bad broker overall. The issue with FPA, to my knowledge, is related to bonuses. FPA is far from being a scam. If a trader raises a legitimate complaint FPA will investigate and report on its findings, thus alerting the community to potential problems. My understanding of this particular case is that FPA gave Insta ample opportunity to reply, but 'alleged' supporting evidence was not provided by Insta.With that said, it's up to the individual trader to make up his or her own mind. In my opinion Insta does not seem to be a bad broker overall. The issue with FPA, to my knowledge, is related to bonuses. Quote | Message | Report



Member Since May 30, 2012 134 posts Financialarts Jan 22 2013 at 19:34 I looked into it a while ago, seemed like almost every problem was Bonus related

conclusion: stay away from the bonus and trade without it. (always a lot of fine print with bonusses everywhere) Quote | Message | Report



Member Since Sep 15, 2011 80 posts ForexTU-James (Jaypipin) Jan 23 2013 at 07:14 thanks for posts Gary and financialalerts, i am still waiting to hear back from fpa about the allegation. What i take more from fpa are the remarks, look for how many posts per broker and then read them, its easy to tell if its a con, by shortness of remark and lack of sincerity. Similarly on myfxbook, some brokers have very few comments so its hard to make a fair assumption. Quote | Message | Report



Member Since Sep 15, 2011 80 posts ForexTU-James (Jaypipin) Jan 29 2013 at 07:48 (edited Jan 29 2013 at 07:49 )

https://www.moneymakergroup.com/Forexpeacearmy-Scam-Warni-t193018.html&p=4794818#entry4794818



FPA should reply to my request it is lame and unprofessional for them to take this long. I will attempt again and this time with diff alias and context. still no reply from FPA, this is not reassuring, why do they not have legitimate contact details on the website and what of the associations albeit allegations as well, but nonetheless associations until proven innocent from these other companies. see link (start at top - alot of work seems to have gone into the research and connections between the alleged companies and websites.)FPA should reply to my request it is lame and unprofessional for them to take this long. I will attempt again and this time with diff alias and context. Quote | Message | Report



Member Since Apr 25, 2012 278 posts XharpScalper Jan 31 2013 at 15:10 FPA is far more superior to instaforex , it alerts us about scam brokers , Long live FPA.



instaforex must have problems and irregularities which FPA reported , and insta failed to respond in proper manner that's why they marked it as scam



Further more FPA has no conflict of interest with traders where as brokers might have it , use your head FPA is Savior of traders. Quote | Message | Report



Member Since Sep 01, 2012 1 posts ckommoju Jan 31 2013 at 20:07 From the last 6 months i am trading with instaforex. They are genuine and very skilled. I feel, it is one of the best forex brokers in the world to provide very easy and risk free trading system to the traders. Frankly, even a new traders can also succeede with their system. Ther payment system is also very perfect. Quote | Message | Report