Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 1000:1 |
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| Minimum Deposit: | $1 |
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| Established: | 2007 |
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| Address: | Kalingrad, Russia |
| Customer Service: | support@instaforex.com, +443300109336 |
| Regional offices: | |
| Regulations: | 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 |
| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
Trading Instruments |
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| Currencies: | (110+) |
| 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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Managed Accounts & Social Trading |
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| PAMM: | ✅ Yes |
| 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 does not pay
Service use: Live
Length of use: over 1 Year
Mega Scam. Certificated scam broker. Stay away
Service use: Live
Length of use: 0-3 Months
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
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
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.