InstaForex Review

I don't consider InstaForex as a scam. On the contrary, since I became its client, I could trade in forex market with just $1. Now, I have different accounts, all of them with a good amount of earnings.Customer client is great, very pending of me and my process as a trader.

InstaForex is probably the most questionable broker on the net. I had an account with them since 2013. I consider them to be scammers.

Account number: (1)8435976 and (2)5345227

They pretend that they are not market makers and that the transactions are going to be out in the interbank market. This is a lie. Instaforex is a betting agency. The difference between the entry and exit price is your profit or loss. If you win too much, they will cancel your profit. You face problems when you want to withdraw your money from instaforex. I advise everyone to avoid instaforex by far and find a regulated, honest broker.

I've had an account with instaforex since 2014, but I've had enough.  I had some money left in my trading account ($30) and at the beginning of the year I decided to trade it, making $147.  The last time (6th of February 2023) I applied for withdrawal, they refused.  I have contacted office of Central Bank Of Russia and also commissioner@bvifsc.vg to get my case escalated.

Furthermore, back in 2020 Julia N*v***va from instaforex recommended that I open a PAMM account. So that others can follow my trading. She said I don't need to upload any money, they will credit $20k to that account and I should try to open risky positions. If the money goes away, they will credit me $20k again. She suggested not to tell the traders that there is no-real-money on this account, so traders should think it's a real account with real money. Of course I did not take it. Not, because IT IS A SCAM.  This is how things work at instaforex.

About my experience with them:

They provide deposit from 1 USD, swap-free account to everyone, and 3 pips in major currencies without additional fees/commissions. They are market-makers, so they can be considered as a betting agency rather than a financial broker. The part between the opening and closing price will be your profit or loss.
Their customer service is rude, platform via web and also via MT4 and MT5 very slow and prices what they provide differ at least 4-5 pips all the time from the real market prices (at some news releases with 40-50 pips (!) for 1-2 min)
InstaForex gladly use price re-quote if market gonna with you, or if you have placed an order (buy/sell stop/limit) they usually execute it at another price what is better for them.
No doubt you will be robbed if you trading with instaforex, however money withdrawal working slowly and only with small amounts.
Above 10% profit per transaction of your initial deposit InstaForex cancel immediately your profit and scalping is although allowed in clients agreement but really no, because also all profit what you make with scalping below 5 min time period gonna be canceled by AntiFraud department and if you place a withdrawal request that will be canceled as well by reason that you tried to cheat the company before.

I don't understand how such a fraudulent company can survive.
I don't understand why the Russian Central Bank doesn't close it down. Instaforex is headquartered in Kaliningrad, Russia.

Nov 24, 2015 - 1 Star InstaForex is probably the most questionable broker on the net. I write because I had an account with them what was the bigger mistake in my trading history, but peoples learn hard way!

InstaForex:

They provide deposit from 1 USD, swap-free account to everyones, and 3 pips in major currencies without additional fees/commissions.
Their customer service is rude, platform via web and also via MT4 and MT5 very slow and prices what they provide differ at least 4-5 pips all the time from the real market prices (at some news releases with 40-50 pips (!) for 1-2 min)
InstaForex gladly use price re-quote if market gonna with you, or if you have placed an order (buy/sell stop/limit) they usually execute it at another price what is better for them.
No doubt you will be robbed if you trading with InstaForex, however money withdrawal working slowly and only with small amounts, above 3000 USD you will never see your money/profit, you can be sure!
Above 10% profit per transaction of your initial deposit InstaForex cancel immediately your profit and scalping is although allowed in clients agreement but really no, because also all profit what you make with scalping below 5 min time period gonna be canceled by AntiFraud department and if you place a withdrawal request that will be canceled as well by reason that you tried to cheat the company before.

Why they can do that all?

--> because InstaForex is a non-regulated online broker company, who do everything by itself

Why can be InstaForex since 2007 on the market?

--> InstaForex try to get new clients all the time with promises like "you can win Porsche car" or "you can win 5000 USD daily in the competition" ..etc. and focus to get newby clients who will deposit in the beginning a small amounts and can get a commission when they attract their friends. If no attracting and you begin to make a profit they begin to cheat you and do everything against your profitability.

Conclusion:

A V O I D InstaForex, but if at all cost you wanna try and trading with InstaForex be very-very careful, deposit only small amount, trade only with small amount, and put request to withdrawal only small amounts otherwise you will be cheated and robbed very quickly.

Worst experience ever...screwed around on verifcation.

Horrible MT4 software.... wouldn't enter trades then recalculates price..... complete joke of a broker.

i read reviews about instaforex and tried to immediately withdraw all my funds but lost all of it . like WTF . SCAM

If there was an option for giving no star, I would use that.
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.

Stay away from Instaforex. The broker does not make payments to customers. I've been trying to make a withdrawal for 3 months and they always provide a different excuse. Now in addition to denying my withdrawal, the funds have not returned to my trading account. Now they're not even responding. Look for a reliable broker.

Lost my whole money after making good profits. They started to manipulated my trades and my proven strategy just made me huge loss only because of their nasty manipulation!!! They are pure SCAM and I'm not surprised to see that they already received a SCAM tag here in FPA. Stay away They are just a scam and you will 1000% loss your money

It seems some seriously fraudulent stuff is going on in Instaforex. I opened an account there and my account number was 21535061. As per Instaforex, it accepts payments through Astropay. Accordingly, i made a transaction of USD 100 on 11-Oct-2021. At the time of writing this review i.e. as on 20-Oct-2021 the funds have not been credited to my account. While inefficiencies to a certain extent are understandable, Instaforex tried to cover all tracks of this allegedly failed transaction by scandalously deleting this transaction record from transaction history (earlier it was reflecting under incomplete section of their so-called client cabinet). I am in the process of sending a separate representation to the relevant regulator on this fudging of transaction records and I would strongly advice other traders to be careful while dealing with this unethical broker.

RIGGED! Don't ever trust this broker. Some of my trades triggers stop loss instead of take profit. Dont be deceived by their low spreads and commissions because they will double it in withdrawal fees

If i can upload images. I can show you lot of evidences

I requested to withdraw my money on 20/1/2021 but after 2 day I found out my withdrawal was denied. Since then I can't access my account until today 26/01/2021. I am still trying to get access to my cabinet . Hopefully I can recover my account and do the withdrawal.