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 6 regulators have announced warnings or penalties against InstaForex.
Please read InstaForex reviews below and share live trading experiences with this broker.
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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 (Bank Transfer), 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 (Bank Transfer), VISA, MasterCard, Alipay, American Express, Bitcoin, Diners Club, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChatPay |
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Traders Reviews

Instaforex won't authorize your withdrawal
I've been having troubles regarding making a withdrawal, it's been two weeks already and every consultant tells me that my problem is being forwarded to the finance department requesting a solution ASAP. But they never come back to me they just keep quiet. Everyday I have to launch an online chat only to be told the same thing. Oh and I have to make a withdrawal using the same method I used when making a deposit (I followed the instructions) but still I get a "Request sending failed" even today. After all this I wouldn't recommend InstaForex to anyone at all.

Instaforex does not pay

Mega Scam. Certificated scam broker. Stay away

Apparently Fraudulent and Definitely Unethical Conduct

RIGGED! STAY AWAY!
If i can upload images. I can show you lot of evidences

Withdrawal Denied, Cabinet access locked

Try to withdraw ALL your money and you left empty handed!

Instaforex are the biggest scammers in the business
I later tried to withdraw my funds to no avail. Everything about them is a scam

Instaforex its scan. They stole my money
You have been warned !!!

Bad choice
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.