|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$1|
|Regulators:||CySEC #266/15, SVGFSA #IBC22945, BVI FSC #SIBA/L/14/1082|
|Trading platforms:||MT4, MT5, WebTrader|
|Cryptocurrencies:||(5+) Bitcoin, Litecoin, Ethereum|
|CFD:||(130+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities|
|Deposit Methods:||Bank Wire, VISA, MasterCard, Alipay, American Express, Bitcoin, Diners Club, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChatPay|
|Withdrawal Methods:||Bank Wire, VISA, MasterCard, Alipay, American Express, Bitcoin, Diners Club, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChatPay|
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Frequently Asked Questions
InstaForex has been fined by Cysec for several reasons, including that "it did not act fairly, honestly and professionally in accordance with the best interests of its clients."
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.
Getting bonus money or else profits from a bonus at InstaForex is not always easy. Even if a trader follows all the rules, InstaForex can accuse a trader of cheating, cancel the bonus, and confiscate all profits. InstaForex can do this without presenting any evidence.
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.
Even in March of 2020, InstaForex.com's website still claimed that the InstaVector branch of the company is registered with the Russian Federal Financial Markets Service. The FFMS was disbanded in 2013.
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.