Customer Reviews of Instant Stock System in 2023
Instant Stock System offers its clients the best opportunities for investing and making profits. According to their data, over 37,300 traders are collaborating with this company. Positive reviews from clients can be found on their platform. However, should you trust this broker? Let’s explore in this review.
Brief Company Information
Instant Stock System highlights its five years of experience with a daily turnover of $83 million. They claim that over 341 thousand transactions are made daily on their platform. However, after analyzing the domain registration date, it was found that the site instantstocksystem.com was created in December 2022, casting doubt on the credibility of the provided statistics. Reviews on the site, where bots write about successful cooperation, have also been questioned.
The contact page lists an office address in Monaco, but verification revealed that this address is fake. The phone number is also associated with other companies such as Perfect Group, Global Financial Investment, and TradeFW, which have a poor reputation. It is likely that the creators of these projects and Instant Stock System are the same individuals.
Is the Company Operating Legally?
The Instant Stock System website provides a license scan under number 700479, issued to Credit Financier Invest Limited in 2020. However, the connection between this company and Instant Stock System is unclear, and the license is likely fake as there is no information about it in the local regulator’s registry. The predecessors of this company have already been blacklisted by the Central Bank of Russia.
Instant Stock System actively attracts clients in CIS countries but does not have licenses from regulators in Russia, Kazakhstan, and Belarus. The likelihood of this company obtaining a license is extremely low. In case of problems, the regulator will not be able to protect your interests, and you will have to deal with financial difficulties on your own.
Trading Conditions
Instant Stock System offers access to over 250 trading instruments, including CFDs on currency pairs, digital assets, stocks, and metals. Immediately after registration, clients are asked to choose one of the tariff plans and top up their balance. The following options are available:
- Beginner: Starting deposit – $150. Clients are promised fast execution and leverage up to 1:100.
- Experienced: Minimum deposit – $1,000. This tariff includes trading in metals and cryptocurrencies, as well as insurance coverage.
- Professional: Starting deposit – $10,000. Deposit protection and 24/7 support are promised.
According to client feedback, withdrawing funds from the Instant Stock System platform may be problematic as the company can change conditions and look for excuses to avoid payment.
Customer Reviews
Despite Instant Stock System’s short period of existence, initial reviews have appeared on independent forums. Clients complain about the company’s failure to fulfill obligations and attempts to deceive them for large sums.
If you have encountered fraud by this company, please share your experience to warn other users.
Fraud Scheme
Instant Stock System offers clients to first top up their balance with $150, demonstrates trading and successful deals, and then suggests depositing more money for access to additional features. This can lead to significant financial losses. Some clients only learn about the fraud when attempting to withdraw funds, as the company blocks access and stops responding.
Be cautious, as scammers may pose as chargeback service employees and request an advance for returning stolen funds, only to disappear without a trace.
Review Summary
We recommend being cautious when dealing with Instant Stock System as it exhibits all the signs of a scam project. Despite minimal losses, scammers may try to extract as much money from you as possible. In case of problems, seeking assistance from regulators or law enforcement agencies is unlikely to yield results as the scammers will remain unidentified.
