InstaPips.com came with some additional information about forex broker Instaforex
Cooperation with Liberty Reserve terminated To the attention of the clients.
We have to inform you that cooperation with Liberty Reserve has been terminated as the payment system had shut down.
The case falls under Clause 7.7.1 of the Public Offer Agreement, according to which all the funds deposited through the payment system that later disappears are deducted from the trading account of a customer, as the company is not a guarantor of any payment system, and the money received through the payment system is stored on the company’s accounts with the system enabling the company to quickly process your withdrawal requests.
Nevertheless, the company’s management has considered that a lot of partners and customers used Liberty Resserve for funding their accounts and made a decision that Clause 7.7.1 of the Public Offer Agreement should be exercised in the following way:
1. Withdrawal of the funds deposited through Liberty Reserve is restricted for 6 months starting from May 30, 2013;
2. Since November 30, 2013 the withdrawals will be available, provided an account was used for trading during these 6 months;
3. Since November 30, 2013 at processing the withdrawal request, InstaForex shall deduct from an account 50% of all the funds deposited through Liberty Reserve. The amount of a requested withdrawal should include this deduction.
We strongly recommend that you use reliable payment methods such as bank wire, international bank cards, local transfers, Skrill, LiqPay, Payza.