Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 1000:1 |
|---|
| Minimum to Open Live: | $1 |
|---|
| Established: | 2007 |
| 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 |
| Web Trading: | Yes |
| Mobile Trading: | Yes |
| ECN: | Yes |
| Currencies: | (110+) |
| Cryptocurrencies: | (5+) Bitcoin, Litecoin, Ethereum |
| CFD: | (130+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
| EAs/Robots: | Yes |
| PAMM: | Yes |
| 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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Traders Reviews
Apparently Fraudulent and Definitely Unethical Conduct
Service use: Live
Length of use: 0-3 Months
RIGGED! STAY AWAY!
Service use: Live
Length of use: 0-3 Months
If i can upload images. I can show you lot of evidences
Withdrawal Denied, Cabinet access locked
Service use: Live
Length of use: 6-12 Months
Try to withdraw ALL your money and you left empty handed!
Service use: Live
Length of use: 0-3 Months
Instaforex are the biggest scammers in the business
Service use: Live
Length of use: 3-6 Months
I later tried to withdraw my funds to no avail. Everything about them is a scam
Instaforex its scan. They stole my money
Service use: Live
Length of use: 6-12 Months
You have been warned !!!
Bad choice
Instaforex is a fraud broker. dont deposit your money at this fraud broker
Service use: Live
Length of use: 0-3 Months
My account was fully verified.
This scamming broker offering a bonus by posting at forex-pak.com.
I register my account there and post fore whole month.
After posting i have gotten bonus for trading.
I trade at bonus and get some profit.
When i was in profit .this vile broker make my account unverified.
When i ask that my account was verified.then they ask me to submit new documents.
I submit.but they rejected.
After 1 year i submit document again.and my account become verified again.
I start posting again at forum.
And i getting only 13 $ bonus by posting whole month.
I trade with that 13 $ and make 8 $ profit.
Then i decide to check withdrawal.
I submit withdrawal request of 5 $.
But request rejected.and my 5 $ added again in my trading account.
I continued my trading and earn 15 $ more profit.
Then i submit 10 $ withdrawal request.
Funds deducted from my account.
But soon added again in my account.
I asked about this.and they told me that you have an opening trade.therefore withdrawal rejected.
I trade again and earn total 52 $ profit.
Now i submit 50 $ withdrawal request.
And stop trading.
This POS broker make me waiting and after 24 hour his fraud broker disabled my account 80777742.
When i ask at live chat.they told me to contact antifraud department.
When i email them.
They duffers told me that when i register at forum for post, i accept conditions and in condition, it is clearly mention that we can close any account and refuse to pay profit.therefore we disable your account because we have the right.
When i ask them the reason.they have no reason to show.now they are not replying my emails.
.
This broker have not money as little as 50 $ to pay.how can it give you more withdrawals.
Stay away from this fraud broker. 100 % fraud.
their MT4 client has trojan in side, dont use them at all
Service use: Live
Length of use: 0-3 Months
Frequently Asked Questions
Is Instaforex a good and legitimate company?
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.
Can I withdraw an InstaForex bonus?
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.
Is InstaForex regulated?
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.
Service use: Live
Length of use: 0-3 Months