INSTAFOREX Review 2020 – Is this broker good?
| General Information |
|
|---|---|
| Broker Name: | INSTAFOREX |
| Broker Type: | Forex |
| Country: | Russian Federation |
| Operating since year: | 2007 |
| International offices: | United Kingdom, Cyprus |
| Regulation: | CYSEC 266/15 |
| Broker status: | Regulated |
| Customer Service | |
| Phone: | +44 2037699172 |
| Email: | support@instaforex.com |
| Languages: | Arabic, Azerbaijani, Chinese, Farsi, French, Georgian, German, Hindi, Indonesian, Japanese |
| Availability: | 24/7 |
| Accepts U.S Clients: | No |
| Trading | |
| Trading Platforms: | MT4, MT5 |
| Trading platform(s) timezone: | GMT+3 |
| Demo Account: | YES |
| Mobile trading: | YES |
| Web based trading: | YES |
| Bonuses: | N/A |
| Other trading instruments: | currencies, CFDS, futures and indices, and cryptocurrencies. |
| Account | |
| Minimum deposit ($) | 1 |
| Maximal leverage | 1:1000 |
| Spread | Fixed |
Review Contents:
- About INSTAFOREX;
- INSTAFOREX Regulation Status;
- Account Types at INSTAFOREX;
- Money Withdrawal;
- Payment Methods;
- Trading Conditions at INSTAFOREX;
- Online Education;
- INSTAFOREX Customer Service;
- INSTAFOREX Review Conclusion.
About INSTAFOREX
INSTAFOREX started making its first steps in the trading market in 2001. Ever since, the company tries to provide the best service to its clientele. Trading conditions at the company correlate with fundamental trends in the industry. Also, INSTAFOREX strives to comply with the highest quality standards.
INSTAFOREX is very active in sports and supports both prominent athletes and other sports teams.
Here is a brief list of all the things that INSTAFOREX offers its clients.
- 200+ Trading Instruments – INSTAFOREX offers its clients spot instruments, Gold, Silver, futures, Dow Jones Industrial Average, CFDs on indices S&P 500, NASDAQ Composite, FTSE 100, Nikkei 225, Hang Seng Index, Euronext 100, DAX 30, US Dollar Index and other instruments.
- Crypto – INSTAFOREX offers crypto analytics, fresh news covering main events, and everything that would be useful while trading cryptocurrency.
- Market Analysis – This section contains new forecasts, statistics, reviews, and fundamental forex broker analysis.
- INSTAFOREX Deposit and Withdrawal – INSTAFOREX offers a range of options for making deposits and withdrawals to and from clients’ accounts.
- Customer Support – INSTAFOREX clients have access to round-the-clock technical support via e-mail, Telegram, Skype, Viber callback service, and live chat on working days. All client inquiries are taken with a personal touch and by the dedicated manager.
- Team of Professional Traders – Every day, our staff works so that every client gets the expected level of service and has an opportunity to solve existed problems quickly and productively.
- Forex Copy System – INSTAFOREX offers a unique system of where a client can copy deals of professionals, trade, and learn at the same time. Users are free to choose a trader based on 20+ criteria and automatically copy his or her deals. However, the client’s deposit remains on the account, and the client can cancel an agreement at any moment.
INSTAFOREX Regulation Status
Every honest broker needs official approval for its trading activities and products. INSTAFOREX is no exception, as it tries to appease its customers and be as accurate and truthful as it’s possible.
Besides, the Cyprus Securities and Exchange Commission (CySEC) regulates Instant Trading Eu Ltd. Moreover, if you want to search for the official license, here is the registration number 266/15.
Also, Instant Trading Eu Ltd is a member of the Investor Compensation Fund. Also, the funds serve its members and clients and try to protect eligible retail clients by paying compensation. In the case of company/brokerage’s failure to repay funds, the Investor Compensation Fund helps out.
Besides, a license of this level guarantees trades’ security and transparency for all InstaForex clients.
Account Types at INSTAFOREX
INSTAFOREX offers account types that were developed by the INSTAFOREX Dealer Department specialists.
There are two account categories: Standard and Eurica. Mostly, trading accounts’ types differ by the method of accounting spreads and commissions.
InstaForex offers diverse types of trading accounts.
Traders pick one report that suits them. Clients have access to every trading symbol and tool available.
To create the best trading environment for traders and, whatsoever, offer them the best trading experience.
Here are all the INSTAFOREX account types that we found on the company’s website.
1. Insta-Standard Trading Accounts
In the first place Insta.Standard accounts are high for all types of traders, as they allow a trade to be settled with no fees and with the classical spread. However, the main advantage of this account type is that the trader can change the trading leverage, and a deposit size is made convenient for clients.
The features of the account allow trading with Micro Forex, the minimum deposit USD 1-10. Also, other deposits are Mini Forex – the minimum deposit is USD 100 and the Standard Forex- minimum deposit USD 1000.
INSTAFOREX account, the minimum trade volume is 0.0001 for the lot price of 0.1 US cents. INSTAFOREX also created a maximum deposit limit for beginners, so they do not risk too much upon registration.
2. Insta-Eurica Trading Accounts
The Insta.Eurica’s account does not require any spreads to be paid momentary at opening a trade. The reason is that the BID is always equal to the ASK price. However, the offered rate runs higher than the BID price by half of the standard spread.
The platform is MT4, and the account is recommended for beginner traders as well.
The minimum deposit is USD 1, with an unlimited maximum deposit. However, the fees vary from 0.03%-0.07%. The smallest trade amount is 0.01 of the lot, with 10,000 being the maximum. The trader can choose leverage from 1:1-1:1000. Further comparison details list will be provided in the picture at the end of this section.
3. ECN Trading Account
ECN accounts are suitable for all categories of traders. These types of accounts have no commissions, only spreads are charged. However, this account gives access to all trading instruments. Also, traders get to pay a free-range per every deal that is 1.2 pips on average.
The main advantage of this account type is its flexibility. The ECN account differs from Insta.Standard and Eurica by the execution type. This means that during market execution, the deals are opened and closed in any case.
ECN Trading account offers:
- Micro Forex mode with a margin from 1 to 10 USD
- Mini Forex mode with a margin from 100 USD
- Standard Forex mode with a margin from 1,000 USD
4. ECN Pro Trading Account
The ECN Pro account is more convenient for experienced traders who are used to working with significant sums and minimal spreads. The minimum deposit required for trading on the ECN Pro account is 1,000 EUR.
ECN Pro differs from Insta. Standard and Insta.
Eurica accounts for the execution type. Market execution is applied instead of instant performance. The clients will get access to all trading instruments, and traders pay a floating spread per every deal that is 0.8 pips on average.
5. Scalping Trading Account
The scalping account type has features like commission-free trading, comprising market execution, as well as floating spreads.
The scalping account is perfect for traders who employ the classic scalping strategy on the currency market. This strategy implies the opening of short-term deals that are closed once a small profit of several pips is achieved.
Minimal trade size
The size limitation of the minimum trade equals to 1 lot (USD 1 per pip) for accounts of Standard and Eurica types with the balance over USD 100,000 or its equivalent in other currencies.
INSTAFOREX Demo Account
INSTAFOREX offers demo accounts as well. Also, the client can train his or her skills on a demo trading account before deciding to commit real money to INSTAFOREX.
It is perfect for novice level traders who want to gain experience in trading. In fact for beginner traders who do not wish to invest one dollar into their accounts, this is a great option.
Money Withdrawal
INSTAFOREX works with, as they say on the website, reliable, efficient, and trusted payment systems. The withdrawal methods are secure, and as the company states, INSTAFOREX doesn’t charge fees.
Also, as part of the broker’s commitment to creating the best possible trading experience, INSTAFOREX reimburses deposit costs that the clients incur. Moreover, withdrawal fees vary depending on the payment method.
However, any deposit or withdrawal fees reimbursed by INSTAFOREX may be incurred by the client in the event the Company determines that the client has failed to meet any of the required conditions.
These events include, among others, illegal activity, no trading activity, etc.
Payment Methods
The payment options are quite large. See the list below:
- Credit/Debit Cards – processed within 24 hours with a fee
- Bank transfers – processed within 2-4 business days, some fees might apply
- PayCo – instant deposit with no fees
- Skrill – 24-hour process, no fees
- EPayments – 24-hour process, no fees
- Neteller – immediate deposit, no fees
- UnionPay – only for Chinese residents, no fees
- WeChat – no fees, direct deposit
- AliPay – no payments, instant deposit
- ZotaPay – no fees, immediate deposit
- Carta Bleue – France residents, no fees
- CartaSi – Italian residents, no fees
- Dankort – Denmark residents, no fees
Trading Conditions at INSTAFOREX
INSTAFOREX only offers to trade with the MT4 platform. Though MT4 is one of the most versatile platforms available, it is still quite a limiting list.
Moreover, the platform is available for download on desktop and mobile. INSTAFOREX only offers the essential MT4 functions, so not NexGen or anything more advanced is available. These are the specs provided by the INSTAFOREX MT4:
- Virtual trading (demo)
- Desktop, Windows only
- Web platform
- Social trading
- Also Charting indicators, 51 total
- Up to 31 Charting drawing tools
- Watchlist, seven total
- Their mobile app offers these functions:
- Android App
- Apple iOS App
- Charting, draw trend lines
- Trading Forex, CFDs
- Alerts
- Watchlist
- A total amount of 30 Charting indicators
- Charting, multiple time frames
Online Education
For beginner traders, INSTAFOREX offers educational online materials as well as courses.
In addition, INSTAFOREX offers beginner level online trading courses. The user will have to register, open a trading account, fill in the registration form, and then proceed to the training course.
The educational program consists of these topics:
- Detailed information on technical and fundamental analysis that is crucial for predicting price changes;
- Introduction to Forex Broker types and basic technical concepts;
- Mathematical analysis (technical indicators);
- The full course on MetaTrader 4, the most popular and convenient trading platform;
- Ready-made training with guidelines on how to make a trade;
- Introduction to graphical analysis;
- An essential insight into the psychology of the market and its participants’ trading behavior;
INSTAFOREX Customer Service
The customer service at INSTAFOREX is available 24/7. Also, the client can get in touch with them through chat, phone, or email. Their support is quite strong. INSTAFOREX must have had a great team to get everything in control.
INSTAFOREX Review Conclusion
In conclusion, INSTAFOREX is anything but disappointing. Overall, the offers and features are satisfying and pleasant to use.
However, as previously mentioned, the main drawback of the broker is it lacks third-party services and research tools.
Moreover, education primarily includes a variety of very basic articles (text only) on forex trading, a glossary, and videos.
It does not have:
- Economic calendar,
- Currency pairs or social sentiment,
- Delkos research,
- Recognia (trading central),
- AutoChartist,
- Weekly Webinars,
- Top-Tier Sources (Forex News),
- Daily market commentary.
InstaForex only has a MetaTrader4. That means that it offers the platform of MT4 suite from MetaQuotes Software Corporation. The corporation is a developer of the widely popular MT4 platform and MT5 platform for web, desktop, and mobile.
MetaTrader4 is standard. On the surface of the platform, it varies from broker to broker. When it comes to the available execution method, features, administrative areas, trading commissions, and spreads, there can be significant differences on how the platform is set up.
Sadly, the MetaTrader platform (branded as InstaForex) comes with only the default services, for InstaTrader clients. Moreover, as already mentioned, there are no other third-party plugins or platforms provided to traders.
Because InstaForex is a MetaTrader-only broker, Android and iOS versions of the MT4 mobile app comes standard. Thus, they are both available for download from Android Playstore and Apple iTunes store.
Is it the Right Broker?
The broker is FCA licensed. Nevertheless, it is not FCA regulated and authorised. Since it has a CySEC (Cyprus) license, InstaForex is passported through to the United Kingdom. Thus, it means that it can accept residents of the United Kingdom.
Even so, it still has to receive a formal license of FCA. Of course, this impacts trustworthiness negatively.
Instaforex has been in business since 2007. It offers a website that is well designed. Moreover, it is full of ads sponsorship for suggesting that InstaForex is a reputable, trustworthy forex broker. Besides, we made research and it does not support the claims of the broker.
Frankly speaking, InstaForex only provides its clients with the default experience of MetaTrader.
All in all, first think and carefully conduct your own research. Then decide if you want to trade on InstaForex.
Thank you for taking the time to read our INSTAFOREX review. We hope it was helpful!
Overall
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Support
(4)
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Platform
(4)
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Spread
(4)
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Trading Instrument
(4.5)
Scam-broker
Scam-broker. Do not invest money here.
Did you find this review helpful? Yes No
I say, InstaForex’s platform has fast execution and they provide Real-Time Price Charts. Besides, I found a lot of trading tools and indicators too. I prefer the one-click trading, PatternGraphix, superior forex desk with an expert advisor. Especially they have many bonus facilities. I am satisfied to trade with InstaForex
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Stay away from this broker
Stay away from this broker. They will not do you any good. I have lost so much money on their trading scheme.
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Instaforex platform is mind-blowing
Instaforex platform is mind-blowing, As always I get a live price and my order is executed instantly with a fixed spread. So I do not get any slippage and my scalping is profitable. Also, I get their expert’s signal and I can utilize it in my market entry or exit. I have an Insta. Eurica account, where $500 invested reached $1.6K and their payment process is so fast that I am able to do my trading business properly.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Unhelpful customer service
Unhelpful customer service. I never felt valued and never feel that they are willing to help me.
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Slow withdrawals
Slow withdrawals and poor trading services. I do not have reasons to keep the services.
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Fake trading
They always make sure that customers losses money. I and my friends trade with them and we all loss. As if they just collect our money and what they have is fake trading.
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Not so good trading terms
Not so good trading terms. Very low leverage and a lot of policies upon withdrawal.
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Difficult to withdraw
They gave me hard time on my withdrawal request. I am having a hard time getting approval for it.
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I have satisfied with the InstaForex platform
I have satisfied with the InstaForex platform, As the web trader is awesome, I can do scalping trade with their profitable signal. Their expert’s signal brings me $260 profit so far. Overall this web trading platform is advanced and I can use indicators or signals, which insure to make profitable orders. So I will invest more with InstaForex.
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Slow customer service
Slow customer service. Annoying phone queue and no email replies.
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Bad people
Bad people. Give my money back.
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Poor trading software
There are so many technical problems that really affect my trades. Poor trading software.
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Dishonest broker
It is a NO for this broker company. They are dishonest and not worth my trust.
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Bad broker
I am not trading with this broker again. Services are not good at all.
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Too good to be true
Deceitful and too good to be true. They promise heaven but give you hell.
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Bad company
I got a cold call from this company. People are very arrogant. Have force me to provide bank details over the phone.
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Slow withdrawals
Slow withdrawal process. I have waited too long for a simple withdrawal.
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Poor offers
Poor offers. Do not deal with them.
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I am not getting enough profit, just a waste of time
The trading terms are okay but I am not happy with the profit I am getting. It’s almost nothing at all, just a waste of time, I guess.
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Dishonest broker
It is a NO for this broker company. They are dishonest and not worth my trust.
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Poor customer service
Their customer service always misinforms me. It seems like they are not knowledgeable enough to assist.
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Slow withdrawals
I am not dealing with this broker service again. Poor signals and slow withdrawals.
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Bad people
Bad people. Give my money back.
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Bad people
Bad people. Do not trade with them.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Poor trading instruction
They only give out half-bake trading instructions. Most of the time I lose money.
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Poor offers
Poor offers. Do not deal with them.
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Stay away
Stay away from them. They rub poeple’s bank account.
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Not a good broker
Not a good broker. I have lose so much money here.
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Not recommended
I do not recommend trading with this broker. I have tried their services in the past and they are not a good broker to trade forex with.
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Poor services
Manipulates trades obviously. Signals are unreliable and services are very poor.
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Bad people
Bad people. Give my money back.
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Bad people
Bad people. Give my money back.
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Poor trading software
There are so many technical problems that really affect my trades. Poor trading software.
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Fake broker
Pretending to be a regulated and good broker. Everything here is fake.
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Scam
This is a very bad broker. They scam people.
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Not a trusted broker
I can not fully trust this trading company. I feel something really wrong is going on.
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Drastic price increase
They increase prices drastically. I am so frustrated with this broker.
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Bad company
Bad company. Stay away from them.
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I appreciated InstaForex broker,
I appreciated InstaForex broker, they have the fastest execution on the MT4 platform. Also, I got a live price and useful tools, and indicators too. I have a mini account and their spread is fixed to all pairs. So I used a scalping EA, and luckily I got a positive result. I can make $870 profits and successfully withdraw my money via Bank transfers. That’s why I say InstaForex is a reliable broker.
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Bad people
Bad people. Give my money back.
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Stay away
Stay away from them. They rub people’s bank accounts.
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Do not trade
Do not trade with this broker, they are scammers and they do not process withdrawals.
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Worst broker
The worst trading broker I have ever dealt with. They are very rude and more interested on deposits.
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Do not trust
They can come up with so many violations to freeze money. Do not trust them.
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Unreliable signals
I stopped trading with this broker. Signals are unreliable.
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Not legit
Not a legit forex broker. Do not trade with them.
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Poor trading tools
Poor trading tools and services. I have used this broker sometime in the past and I have lost so much money.
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Fake trading
They always make sure that customers lose money. I and my friends trade with them and we all lose. As if they just collect our money and what they have is fake trading.
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Poor trading tools
Poor trading tools and services. I have used this broker sometime in the past and I have lost so much money.
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Poor customer service
Poor customer service. People here are very arrogant and rude. They don’t even make you feel valued as a client.
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Thieves
Keep safe from these thieves. Do not entertain their phone calls.
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Expensive instruments
Very expensive trading instruments. I invested too much and yet I do not get good returns.
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Poor signals
Tools have so many technical errors. Poor signals, too.
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Difficult to withdraw
They gave me hard time on my withdrawal request. I am having a hard time getting approval for it.
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Bad broker company
Bad broker company. There is a great delay on all withdrawals.
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Poor trading tools
Poor trading tools and services. I have used this broker sometime in the past and I have lost so much money.
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Manipulate trades
Manipulates trades. I have lost so much money on this.
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I am not getting enough profit, just a waste of time
The trading terms are okay but I am not happy with the profit I am getting. It’s almost nothing at all, just a waste of time, I guess.
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Poor offers
Poor offers. Do not deal with them.
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Delayed withdrawals
I experienced great delays in the withdrawal process. It does not happen once but all the time.
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Slow withdrawals
Slow withdrawals. Been trading for a few months and it’s all the same.
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Worst trading experience
Worst trading experience. I have lost so much money here.
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Dishonest broker
It is a NO for this broker company. They are dishonest and not worth my trust.
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Bad trading broker
Not a good idea to trade with this broker. I have incurred so many losses.
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I say good about InstaForex broker
I say good about InstaForex broker. Their spreads are fixed and order execution is amazing. Great platform and no re-quotes. As I can use an EA and everything is smooth. My trading profit is much better with them. Overall, I am very happy with InstaForex broker.
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Slow withdrawals
Slow withdrawal requests and poor broker services. I will never recommend this broker to anyone.
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Unresponsive
Unresponsive and irresponsible brokers and customer service, scheduled appointments are not met. The worst part is that it is very hard to contact them over the phone.
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Stay away from them
Please stay away from them, they don’t deserve to be in business.
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Bad brokers
They never refund money and don’t have fair judgment. I lost a few trades due to platform technical issues and yet they are not willing to help me.
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absolutely outstanding broker
I have been trading with Insta for more than ten months. Their MT4 platform is the greatest platform ever, absolutely outstanding. Their support is really awesome and they respond to any question or concern within minutes, my deposits and withdraws processed within minutes, I am so happy with them and now the offering 30% bonus in deposit. Happy trading!
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Slow customer service
Slow customer service. Annoying phone queue and no email replies.
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Bad behavior
Bad behavior people. They have ripped me off my bank account.
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Not a good broker
It’s a no for this broker. They are not good at all.
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Stay away
Stay away from them. They rub people’s bank accounts.
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Poor trading instruction
They only give out half-baked trading instructions. Most of the time I lose money.
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Do not pay profit
Do not pay a profit. So many lame excuses.
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Poor trading brokers
Poor trading terms. They adjust it to cheat traders, and do not trade with them.
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Fake trading
They always make sure that customers lose money. I and my friends trade with them and we all lose. As if they just collect our money and what they have is fake trading.
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Do not deal
I was not able to get my money back from this broker. Do not deal with them.
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Bad brokers
They never refund money and don’t have fair judgment. I lost a few trades due to platform technical issues and yet they are not willing to help me.
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Do not deal
Do not deal with these brokers. They are most of the time unresponsive and rude.
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Scam offers
Keep yourself safe from their scam offers. I have lose so much on this.
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Poor trading software
There are so many technical problems that really affect my trades. Poor trading software.
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Poor customer service
Their customer service always misinforms me. It seems like they are not knowledgeable enough to assist.
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Untrustworthy
Absolutely untrustworthy broker. They had so many fishy activities.
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Poor services
Poor services, rude customer service, and slow withdrawals. No reasons to keep the services and no reasons to recommend them.
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Poor trading tools
Poor trading tools and services. I have used this broker some time in the past and I have lose so much money.
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So many hidden charges
Has so many hidden charges. I end up paying more.
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InstaForex is the best platform for all kinds of traders
InstaForex is the best platform for all kinds of traders, without any doubt. I like their bonus programs, conditions are profit-making always. Their platform that let me use EAs was designed for my trading style and their website, that is very useful. Their online support is 24/7. I am very impressed.
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Poor trading profit
The profit projected is very far from reality. Be careful in investing money with this broker.
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Poor trading brokers
Poor trading terms. They adjust it to cheat traders, do not trade with them.
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Unhelpful customer service
Unhelpful customer service. I never felt valued and never feel that they are willing to help me.
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Slow withdrawals
Slow withdrawals and poor trading services. I do not have reasons to keep the services.
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Lose huge money
I lose huge money on this broker company. Do not trade with them, signals are not good.
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Not so good trading terms
Not so good trading terms. Very low leverage and a lot of policies upon withdrawal.
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Delayed withdrawals
Not a good broker service. Email and chat replies are delayed and even withdrawal comes with great delay.
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Do not deal with them
Do not deal with them. Save your money from these scammers.
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Worst signals
Worst trading signals. I lose more money here.
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Do not process withdrawals
Not an ideal forex trading broker. They do not process withdrawals.
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Slow withdrawals
Slow withdrawal process. I have waited too long for a simple withdrawal.
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Stay away from them
Steal money from people. Stay away from them.
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Do not process withdrawals
Not an ideal forex trading broker. They do not process withdrawals.
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Technical problems
Lots of technical problems on their platform. Poor trading software.
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Not profitable
I am not making any profit here. I decided to close my account, it is just a waste of money and time.
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Slow withdrawals
The slow and difficult process of withdrawals. Won’t recommend this.
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Poor offers
Poor offers. Do not deal with them.
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Impossible to withdraw
Slow customer services and almost impossible withdrawal process. Do not trade with them.
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Do not invest
Do not invest with this broker company. They are very unprofessional when it comes to withdrawals.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Lose huge money
Refused to return balance funds, despite many follow-up calls. I lose huge money here and am just getting what was left on my trading account but they ignore all my requests, messages, and even phone calls.
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Stay away
Stay away from them. They rub people’s bank accounts.
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Worst
Don’t even deserve a single-star rating. The services are really worst.
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Bad broker
Bad broker. They will take all your money, do not deal with them.
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Slow customer service
Slow customer service. I have lost a fortune before they respond.
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Sluggish services
Sluggish services and withdrawals. Not worth my money and time.
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Inefficient brokers
Inefficient trading services. With slow customer service and slow withdrawals, I’ve got no reason to keep their services.
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Worst
Don’t even deserve a single-star rating. The services are really worst.
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Bad customer service
Bad customer service. I never felt valued and cared for.
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Poor broker company
Poor broker company. They do not pay profit and withdrawal is very slow.
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Poor forex broker
Will never trade with them again. I always face challenges with withdrawals and tools.
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Fake broker
It turned out that they are unregulated and fake. I regret dealing with them.
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Bad customer service
Bad customer service. They are very sarcastic and rude.
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Rude brokers
They are very rude. That is my observation during the time that I am trading with them. Have even forced me to put more money.
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Slow responses
Very slow responses from customer service. I even had a hard time calling them.
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Fake brokers
They are not real brokers. It shows in the way they talk and the termonologies. These are fake brokers just trying to steal money from people.
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Do not pay profit
Do not pay a profit. Do not deal with these bad people.
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Bad company
Very bad company, this is a fraud broker. Do not invest money here.
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Useless trading advise
Useless trading signals. I get more losses following their advice.
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Unhappy with profit
Good customer service but signals are very unreliable. I am not happy with my profit from this broker.
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Expensive instruments
Very expensive trading instruments. I invested too much and yet I do not get good returns.
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Worst trading platform
This is a big broker company however they have a terrible trading platform. I wonder why they’re not able to do an upgrade or even fix the glitches causing so many troubles on traders.
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Worst broker
Worst broker. They sounded unsure and unknowledgeable.
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Avoid them
The worst problem I had ever faced after trading and losing money. Avoid them.
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Scammers
Stay away from these Scammers at all costs, they are the biggest scam in the forex market.
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Refuse to pay profit
Have refused to pay my profit. I have filed a withdrawal request several times and they have rejected all of my requests.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Lose huge money
I lose huge money on this broker company. Do not trade with them, signals are not good.
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Difficult withdrawal process
Stop trading with them if you are currently using their services. I am having a hard time with their withdrawal process.
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It has been three years already since I started my trading journey at Instaforex. The company has been very consistent in providing us with excellent services. From the platform, to the customer service and funds withdrawal, the broker never disappoints.
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Waste of time
I felt like I have just wasted my time here. I did not gain anything. I will never trade with them again.
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Scammers
Scammers. Do not deal with this company.
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Huge charges
Huge trading charges. I always end up almost getting nothing because of charges. It seems profitable because I get good profit but because of charges, I am getting less.
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Lose huge money here
To limit my losses with this broker I have closed my trading account after a month of activating. I noticed more losses than winning trades.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Not profitable
I am not making any profit here. I decided to close my account, it is just a waste of money and time.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Bad customer service
Bad customer service. I never felt valued and cared for.
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Unreliable signals
Do not trade with this broker company. Signals are unreliable.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Awful broker service
Awful broker services. They are not worth your money and time. The broker’s practice is to steal money from people by accusing them of so many policy violations and freeze their accounts. I should know because I have to experience that from this broker in the past.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Slow withdrawals
The worst customer service among the brokers I have traded with. Withdrawal is also very slow.
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Poor customer service
Poor customer service. I never had any resolve issue with this broker.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Do not trust
They can come up with so many violations to freeze money. Do not trust them.
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Not a good broker
Not a good broker to deal with. I get more losing than winning trades.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Stay away
Stay away from them. They will lure you and will never let you withdraw.
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Worst services
Avoid this trading broker. Services are really the worst.
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Unhelpful
Unhelpful customer service. I’d rather trade on my own.
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Slow customer service
Slow customer service. I have lost a fortune before they respond.
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Unreliable signals
I have traded with this broker in the past and signals are really unreliable. I am not satisfied with my trading experience.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Slow responses
Slow responses from them causing me so much trouble. I even had losses because of slow responses.
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Worst
Don’t even deserve a single-star rating. The services are really worst.
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Missing withdrawals
I have a missing withdrawals complaint with this broker. It is supposed to be my first but I did not receive it.
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