“The so-called Forex Peace Army (forexpeacearmy.com) is fraudulent, pay attention! The Forex Peace Army is anonymous fraudulent project, earning money by blackmailing brokerage companies. Legitimacy of this organization is put in doubt: the project does not provide any real contact, except e-mail address, and does not have any real location data.”

This is a quote from the InstaForex group, who has come out and publicly chastised the Forex Peace Army group. InstaForex accuses Forex Peace Army of being a scam. And there is much more information to back up their claim. Here now is the evidence that InstaForex gives for the charges against the Forex Peace Army:

The founder of Forex Peace Army is known in the Web under the names of Dmitriy Chavkerov, Felix Homogratus, Forex Bastard. He has reputation of swindler purposing to make easy money by machinations in two directions: blackmail against developing companies, providing brokerage services at the Forex market, and sale of unprofessional signals to currency traders.

The first direction is actualized in the deceiving online-project «Forex Peace Army». The FPA’s activity is organizing of so called “Blacking PR” campaigns against successful brokers: publishing slanderous, defamatory materials and detractive information at their website forexpeacearmy.com and also spreading them in the Internet with the purpose of the next blackmail of the blacked companies. ForexPeaceArmy stops their attack only if money are paid for that.

Selling of fake signals is realized by Felix Homograqtus and his accomplices at the tens of scam sites. As time goes by, traders start recognizing that they are caught by swindlers. In this case the wheeler-dealers from ForexPeaceArmy should create new resources for selling signals. As soon as the number of pretensions to the project is too much, the scammers change the name and keep their fraudulent activity under it.

Unfortunately, nowadays companies-victims are not able to institute criminal proceedings against this cheating project, because FPA saves absolute anonymity. Besides the fact, that swindlers do not have any real addresses or registration data, they use abilities of anonymous providers to fill the Internet with their blacking materials with impunity.

With the aim of preventing the scammers from self-advertisement most professional trader’s forums prohibit referring and linking to fraudulent project Forex Peace Army. And it is absolutely just. The whole Internet traders’ community knows that FPA are blackmailers and hackers. Here are links given by search-engine systems when inquire

«ForexPeaceArmy scam»:

Forex Peace Army link 1 Forex Peace Army link 2 Forex Peace Army link 3 Forex Peace Army link 4 Forex Peace Army link 5 Forex Peace Army link 6 Forex Peace Army link 7 Forex Peace Army link 8

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Since swindlers from ForexPeaceArmy directed their activity against InstaForex, having started blackmailing, we officially appeal to everybody, who has any information about these anonymous frauds thoroughly hiding their location, contact our fraud control department by e-mail fraud-control@instaforex.com.

It is your choice who you should trust to. But we kindly ask you to weight the information above and make right conclusions. Please, DO NOT LET SWINDLE YOURSELF! BEWARE OF FRAUDS!

Information from InstaForex.

Here now is also a video directly from Forex Peace Army themselves.

I must say they do look very legitimate. I think the best thing to do here is to contact the InstaForex fraud control department by e-mail at fraud-control@instaforex.com and see what their updated solution is on the matter?