InstaForex Review
Forex Peace Army considers InstaForex to be a scam and recommends against depositing money with this broker. The majority of traders who left an InstaForex review gave this company the lowest 1 star rating. There have been many complaints against the broker InstaForex in the FPA's forums. At least 9 regulators have announced warnings, penalties, or other actions against InstaForex.
Please read InstaForex reviews below and share live trading experiences with this broker.
- InstaForex and instaforex .com are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities.
- InstaForex claims to be operating in Montreal, but appears to be operating from the Manila, Philippines, and the Russian Federation.
Scam Alert!
The FPA has confirmed a scam case against InstaForex.
Click Here to read what happened.
Scam Alert!
InstaForex is hereby blacklisted by the Forex Peace Army. We urge traders not to open accounts with Insta Forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If InstaForex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud.
2011-01-26: The CFTC filed a lawsuit against 14 offshore forex brokers, including InstaForex. CLICK HERE to verify.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 1000:1 * |
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| Minimum to Open Live: | $1 |
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| Established: | 2007 |
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| Address: | Kalingrad, Russia |
| Contact: | support@instaforex.com, +443300109336 |
| Regional offices: | |
| Regulators: | CySEC #266/15, SVGFSA #IBC22945, BVI FSC #SIBA/L/14/1082 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5, WebTrader |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (110+) |
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| Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
| CFD: | (130+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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| EAs/Robots: | ✅ Yes |
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| PAMM: | ✅ Yes |
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| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, American Express, Bitcoin, Diners Club, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChatPay |
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| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, American Express, Bitcoin, Diners Club, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChatPay |
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InstaForex Most Helpful Customer Reviews
i was scammed by instaforex, my case was just like yulia.
i "buy" with 3lot on AUD/USD when market was going to close, and when market opened on monday. i got alot of profit.
i got $445, so i made withdrawal request. but after waiting so long my withdrawal had not been processed.
and when i checked my MT4..i was surprised because in my MT4 there are not history of my order and my profit. that's really strange..
instaforex cheated on me..
i can't accept this cheating sir. i need your help indeed..
what should i do to return my profit?
i will be so please if you would help me..
thanks..
here is my log of transaction
My account :38237
06:00:28 '38237': order #1627657 buy 3.00 AUDUSD at 0.6746 sl: 0.0000 tp: 0.0000 closed at price 0.6891
if you could make it all clear i will be so happy..
thanx alot
i have lost my profit and my withdrawal has not been processed until now..
my name is yuli kusumawati my account number : 38229
i made long position 3 minutes before market closed on friday and i got $369
but now i lost my profit and the withdrawal has not been procesed yet until now..in my
MT4 my history of order and profit has disappeared..they're gone..
i really wonder why...but i still have the log of the transaction..:
04:57:30 '38229': instant order buy 3.00 AUDUSD at 0.6746 sl: 0.0000 tp: 0.0000
06:11:57 '38229': order #1627650 buy 3.00 AUDUSD at 0.6746 sl: 0.0000 tp: 0.6899 closed
at price 0.6869
i have contacted LIVE SUPPORT,sent email to finance&chief.dealer but they all gave me
nothing..no solutive way...they only played "ping pong" on me...
finally the chief.dealer answer my email,he only said a very short senence:
"Dear sir.
Your order and your bonus were deleted
according bonus agreement.
You can withdraw sum deposited to your account
using the same method as you have deposited by"
i was shocked...i really wonder..coz i traded in fair way..i did not break any rules..
i insisted him to give me proof that i broke rule..but until now i did not get answer and
my money still in instaforex..
please help me get my money back sir..
100% scam, beware
They'll cite clauses in the agreement that say they can do this when there are "technical errors". These "technical errors" will only come into play when you make a profit, then the profits will be taken away, if you lose money due to these errors they will never give back those losses.
There's nothing you can do to prevent these "technical errors" from affecting you since you don't even know they are present until after your profits have been taken away.
Basically it's like going to a casino where you make a bet on roulette, and if any number you didn't choose comes up, you lose, and when the number you chose comes up, the casino says there were "technical errors" and gives you your original bet back, but takes away the profits.
Review Moderation Team Note: 5 Star rating removed.
This review was left from the same location that "InstaForex Stephanie" registered an FPA Forums account from. She used her instaforex.com email address to register the account.
Per FPA policy, the rating on this review has been set to Zero stars.
The FPA does not appreciate review spammers.
Instaforex doesn't process withdrawals. They stole my money
You have been warned !!!
Recent User Reviews of InstaForex
Fake review from an InstaForex Employee
This is the second fake review left from the same location used by "InstaForex Stephanie" to register an FPA Forums account. She used her instaforex.com email address to register the account. In the first fake client review she left, Stephanie claimed to be "ZackFx, Madrid, Spain".
Per FPA policy, the rating on this review has been set to Zero stars.
The FPA does not appreciate review spammers.
Withdrawal pending 33,565 PKR - Request 14334577
I requested withdrawal of 33,565 PKR. Request Number: 14334577 Date: 09/07/2026
It's been weeks and status is still "Processing". I contacted support many times. No reply. Only getting auto email: "due to temporary workload".
This is very unprofessional. I have proof and also posted review on another site.
Please InstaForex, release my funds.
Other traders be careful.
InstaForex holding my USDT deposit due to their own system glitch
The Issue:
During my registration, the InstaForex system failed to send me any PIN code or phone password (code word). I successfully deposited funds using USDT (TRC20). However, when I attempted to withdraw, the platform locked the transaction, demanding the PIN code that their system never provided in the first place.
My Compliance & Their Impossible Demands:
I contacted their customer support to restore/reset the PIN. I fully cooperated and provided all requested sensitive data, including: My registered email. My phone number. A clear photo of my official National ID card. After providing all of this, support rejected my documents and demanded an international passport written in English letters.
The Dead End:
I do not own a passport. I only have my official National ID card, which is a legally binding document. I have reached the finality of what I can legally provide. It is entirely unfair to freeze my USDT deposit because of a technical glitch on their side, and then demand alternative documentation that I do not possess. I am heavily concerned about the safety of my deposited funds and the security of the sensitive documents I have already uploaded. I request InstaForex management or their public relations team on this forum to review this case, manually override this verification deadlock, and process my USDT withdrawal immediately.
Important Notice: I have screenshots of my chat with InstaForex Support, with proof of deposit. I also have full screenshot evidence of my USDT balance available for any forum moderator or compliance inspector who asks. So, if an InstaForex representative is going to reply, they must never ask me to contact Support once again, or to provide a document i don't even have. But, when they insist on their nonsensical instructions to cover up their system's failure, they're once again proving their low ratings, fraudulent activities, and their long record of stealing people's money and documents.
Thank you,
UserX77
Instaforex blatantly took my money
When I requested a withdrawal, the company deducted the $149 bonus (which is fine), but they are now refusing to release my remaining $1,271. They are wrongly citing Clause 12, claiming that because my equity once dipped, my entire capital and profit now belong to the company as "Bonus Funds."
Instaforex grabs your cash
Instaforex est un site de parfaits brigands. Cest comme youhodler, ils volent ton argent au sens propre et quand tu leur prouves que les défauts techniques viennent de chez eux ils te fournissent une compensation de qques USD quils peuvent se les mettre là où tlm le pense. Ils appartiennent à cette race de petites crapules de russie qui florissent à new york, chypre, londres, ... . En tirant profit des pbs avec la russie pour utiliser le fait d'être "russes" quand bien mm leurs propriétaires nont visité la russie depuis 10 ans ou st partis "fâchés" pour lukraine. Dou le fait quon leur donne des permis doperer de leurs agents boursiers.
Frequently Asked Questions
Is Instaforex a good and legitimate company?
InstaForex has been sued by the US CFTC. InstaForex has been the subject of warnings by at least 4 other government regulators around the world.
The FPA does not consider InstaForex.com, InstaForex.eu or any related site to be a good or legitimate company.
You can not only see many client complaints about InstaForex on their review page, but also read many trader complaint threads about InstaForex in the FPA's forums.
Can I withdraw an InstaForex bonus?
In 2008, two FPA members were accused of cheating while using an InstaForex bonus. InstaForex not only removed the bonus, but also confiscated the profits that both traders had made. InstaForex's representative to the FPA promised to provide evidence to back up this cheating accusation. She never provided a single piece of evidence. Instead, she just kept emailing her claim that they cheated and said that her repeated unsupported claims of cheating qualified as proof of cheating. The FPA does not consider repeating an accusation dozens of times to be evidence that the accusation is true. The clients were never paid for the profits InstaForex took from their accounts.
Even without a bonus being involved, it is possible for InstaForex to confiscate profits based on an unsupported accusation of cheating.
The FPA is not surprised that Cyprus fined InstaForex for being unprofessional, unfair, and dishonest in dealing with its clients. The FPA is only surprised that it took so long before this was done.
Is InstaForex regulated?
InstaForex was regulated in Belize. It is not regulated there any more. Some people claim that the Belize IFSC threw InstaForex out. InstaForex claims they voluntarily gave up being regulate there.
InstaForex is regulated by CySEC in Cyprus. InstaForex has also been fined by CySEC for being dishonest and not acting in the best interests of its clients.
Outside of Europe, InstaForex is regulated by the BVI FSC, which is not known for being a very strict regulator.
InstaForex is also registered with the SVG FSC, which specifically does NOT regulate forex, binary, or crypto trading.
What domain names are related to InstaForex?
instaforex.com, instaforex.net. instaforex.org. instaforex.eu
and also:
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There may be even more.