WikiFX Fraud Alert: CONSOB Warns Against Instantrade!!!

Investors who are still trading forex at Instanttrade.net had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

First of all, let us start with the most important - the Italian financial regulator CONSOB has issued an official warning on October 31th against Instanttrade.net, run by TradingSR, and has blacklisted this specific website. You may check the screenshot below:

It states the firms above, among which Instantrade is also present, are complicit in illegal offers – what that means is they have been offering services to the Italian clients without the appropriate authorization by the CONSOB, the regulatory body of the country.

WikiFX also made an attempt to visit the broker‘s websites - https://instanttrade.net,https://panel.instanttrade.net and https://trading.instanttrade.net - to find out more information, but in vain - none of those websites is accessible any longer. Instantrade might have gone bankrupt and have run away with investors’ money!

Let's search “Instantrade” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Instantrade currently has no valid regulatory license and the score is rather negative - only 1.06/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Instanttrade.net. The so-called brokerage is actually a scam website, which has drawn the ire of the Italian authorities, who warn against using its services. Instantrade is completely unregulated and a big risk to all investors and their money!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!