Insta Trade - Targeting Investors in the UK

Another boiler room, Insta Trade, is targeting investors in the UK with worthless stocks. The Insta Trade web site claims that the Company has been in existence since 1997, but the web site itself was created in October 1994, and only purchased for a year. This is not an encouraging sign if one is looking for an investment partner for the long haul.

Calls from South African 'dealers' have been arriving thick and fast in the UK over the last few months, and they do not appear to be abating. The calls claim that Insta Trade are based in Amsterdam in the Netherlands, but their real location will be many miles from there. Most of the people doing the calling are South African, and a strong link with other known Boiler Rooms such as CFS International is suggested.

As usual with these boiler rooms, the patter is slick, professional, believable and highly pressurised. They will regale you with tales of the Nasdaq, and killings to be made, but the bottom line is this.

The stocks are likely to be restricted 'Regulation S' and worthless.

You will lose your money!

One of the stocks now know to being offered is in a company called General Components Incorporated (GCPO).

The shares are restricted under regulation S even though Insta Trade will not volunteer this information.

A search of the GCI web site shows that the site was first created on 1st November 2004, and registered for only 12 months. Insta Trade have been saying that this Company have been at the fore front of network technology since 1998. It seems very odd that a technically aware Company such as GCI have taken 6 years to get their web site together.

More information will be posted here as it is known, but in the mean time, you can follow an exchange of information about Insta Trade at the Boiler Rooms UK forum.