Importance Notice Regrading Instant Forex:

This is to inform you that, Instant Forex (www.instantforex.biz) has stopped all forms of Euro Conversion, except through their DEBIT CARD, to check the influx of fake Euro which are being dumped, creating financial problems for the company. 
If you buy the debit card around Rs.8000, (120 Euro) then you do not have to run here and there to convert your Euros--this is what this Russian Company is saying. The company mentioned in their web-site that, the things will be streamlined by the end of May, 2010.

However, DEBIT CARD is not at all cheap, it comes at a heavy price, and to get it one must either have Passport or Driving License. One of my friends have applied for the same, let me see  its functionality and then we could apply for the same. 

Moreover, some of the Euros though removed from the respective accounts could not be converted, to INR as the company blocked all those Euros for the time being. So unless those Euros are released, the conversion is not possible.

Many have sent me request to open new account: Good!! But please see that you know the risks associated with this investment. You could lose you entire capital also....

I have invested heavily in this company and have been getting good returns on my investment, except the fake Euro issue, which blocked some of my Euros in my personal account. But this is for one month only, the rest of the months I got....and is getting Euros on time.

However, except blocking some Euros to check the influx of fake Euros, till date the company has been paying at appropriate time. 

So if you want to open new accounts  in Instant Forex (www.instantforex.biz) and invest in the schemes to get at least 20% return per month, then you should also be willing to take these risks.