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fpa vs instaforex

Jaypipin (Jaypipin)
Jan 21 2013 at 19:11
80 posts
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: 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.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin (Jaypipin)
Jan 21 2013 at 19:20
80 posts
https://www.moneymakergroup.com/Forexpeacearmy-Scam-Warni-t193018.html&p=4794818#entry4794818

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin (Jaypipin)
Jan 21 2013 at 19:21
80 posts
Just when i though FPA was a good resource, now i am totally confused

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Gary Sharp myfxpt com
myfxpt
Jan 21 2013 at 21:51
345 posts
Jaypipin posted:
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: 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.

Financialarts
Jan 22 2013 at 19:34
134 posts
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)

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Jaypipin (Jaypipin)
Jan 23 2013 at 07:14
80 posts
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.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin (Jaypipin)
Jan 29 2013 at 07:48
80 posts
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.)
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.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
XharpScalper
Jan 31 2013 at 15:10
283 posts
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.

ckommoju
Jan 31 2013 at 20:07
1 posts
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.

rob559
Jan 31 2013 at 20:54
1916 posts
ckommoju posted:
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.


totally agree with you ,i'm with them since 9 months and another live acc at gomarket ,both are great brokers

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