All information contained in this article was received by us from ourinsider, a person working in RoboForex,
who passed us this information because this person feels sorry about many victims of RoboForex.
Also we got many pieces of information from open sources on the Internet and from the memoirs of a
former employee of Forex4You IT department who we found in a social network, and who agreed
to give us a short interview.
So, it all started in 2009 when Vitali Avtaykin (born March 6, 1978) being an IT Director in well-known
company Forex4You, started to become sad day by day, watching the rapid growth of the Internet
project, in the success of which he never believed. Vitaly reluctantly agreed to work in Forex4you
and only because of the lack of any interesting work in Tomsk city (Russia). However, the shareholders
convinced him to take this job by offering a good salary and big prospects of his personal growth.
Well, what is there to make you feel sad, you ask? Forex4You was growing, Vitaly’s salary and
bonuses also grew rapidly, the company has been moved to Cyprus and seriously beginning to
form a new headquarters to apply for the European brokerage license. Vitaly’s incomes grew rapidly
because the shareholders were not stingy for the compensations for top management. Vitaly and
his wife Yana Akchurina (People who know her very well say that she is very scandalous and
The whole separate article could be written about her bad temper, scandals and
her permanent adventures with her many lovers that she has despite being with Vitaly), also moved
to Cyprus and everything was fine, but that's only the envy of other people's money tormented soul
and tortured brain of Vitaly and his wife. Vitaly wanted more money, and most importantly, he
wanted to prove to shareholders that without him, nothing would have happened and that salaries
and bonuses are clearly not enough – Vitaly wanted to get his share in the business, and a voice
in key decisions for the company!
As a result of long reflections Vitaly decided that simply to go and ask honestly his share in the
business is a very risky step because this will trigger difficult negotiations with shareholders and
secondly, if the conversation will not be successful, he can be fired. That's where Vitaly’s inspiration
started - having access to all the technical infrastructure of the company, Vitaly realized that he can
simply make a copy, create a clone of Forex4You, with minimal variations, and pull over it the new
name and design. In this scenario, there is no risk, because if the project will not go up you can
continue to work in the Forex4you, but if the clone company will begin to grow successfully,
Vitaly can leave current employers and with the great pleasure.
However, to implement his plans Vitaly needed more or less decent
budget, because even copying (let's call a spade a spade - stealing)
all technologies, anyway, he needed funds to support the servers,
to pay advertising, salaries for necessary staff, etc. Vitaly’s personal
funds were not enough. Due to this fact Vitaly understood that
the only chance to start project with stolen infrastructure is to
steal also the clients and to use their deposits as financial source to
promote new company and to pay all current expenses.
So, one idea led to the next idea and gradually Vitaly formed
a plan for the theft of technical infrastructure, intellectual property and customer base of Forex4You
However, to implement such a large scale robbery Vitaly Avtaykin needed allies among key employees
of Forex4You, and he found them surprisingly fastly.
So, here we provide you with the list of thieves and conspirators and their role in stealing from
Forex4You, as well as their ongoing role in RoboForex:
Vitaly Avtaykin - former IT director Forex4You (The head of the gang and ideologist of this
robbery and technology theft, currently is shareholder and CEO and of RoboForex)
Maxim Kuzmin - former chief dealer Forex4You (stealing customer base, responsible for development
of algorithms that force traders to lose money in favor of RoboForex)
Eugene Antokhov - the former head of the partnerships relations department in Forex4You.
Responsible for stealing partners from Forex4You and some big clients. In RoboForex he is responsible
for collecting money from traders in Russia and CIS countries, and to build partner network of
RoboForex in Russia and the CIS. He is responsible for evading taxes by RoboForex and for
money laundry of illegally obtained clients funds in Russia and CIS. He is responsible for
sending these dirty money to offshore companies that legally have no links with the RoboForex
We wonder how such a very young boy with such criminal
reputation, engaged in such illegal activities can openly represent
RoboForex in Russia?
Vasily Silich - former software developer Forex4You
(responsible for the theft technologies and their adaptation to
So, during the Autumn of 2010, after they combined together
fragments of stolen company, the mentioned above guys did
not come up with anything better than to make the next trick:
Using stolen from Forex4You client data base, mentioned above
attackers registered in the name of these customers trading
accounts in RoboForex. They just simply used stolen personal data of clients including their e-mails,
mobile phone numbers, addresses, passports and national ID data, etc. to register trading account
in RoboForex. In fact, customer accounts were opened without people’s knowledge and linked to
their private e-mails.
Moreover, you'll laugh, but some of these clients even had no clue
that they have been also verified in RoboForex using the data of
the scan copies of their passports! Yes, scan copies of their national
IDs and passports were also stolen and used! Just imagine, that
somebody takes your e-mail, your passport and your personal
data and register trading account, applies for verification and
accomplish verification on your behalf without your knowledge!
Next, RoboForex deposited 15 USD Wellcome Bonus to all "new"
and "verified" client’s accounts.
The culmination of this scam action was a mass e-mailing
to all Forex4You customers the “Congratulation” letter with
explanations that the client just opened account number XXXXXX in RoboForex, that verification is
successfully passed, and that the Welcome bonus of $ 15 is deposited. All that the client must do to
get this bonus is just to download the trading platform online on RoboForex corporate website.
The access data to client’s accounts and to new trading terminal were attached, respectively.
We think at this moment you are very curious about how Forex4You reacted to such barbaric attack
The reaction was fierce and quite rapid. The lawyers tried to do
their best to protect interests of Forex4You and several application
to different police departments of the Russian Federation were
sent, including to the Department "K", dealing with the disclosure
of crimes in the field of IT. However, very soon it became clear,
that IT achievements of Forex4You originally were not
patented and therefore had no legal protection.
In addition the attempt to bind the theft to any of the commercial structures belonged to RoboForex
in Russia also failed and it was impossible to punish offshore company to which all the evidences led
the investigators. In other words, at this time Forex4You was unable to protect its intellectual property
rights and RoboForex escaped severe punishment by law.
To summarize this article we are going back to the translation of RoboForex from Spanish and
just want to understand who invented such an interesting name of the company - RoboForex –
Robbery on FOREX!!???
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