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)
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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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Poor trading brokers
Poor trading broker to deal with. Customer service do not assist round the clock but only on selected few hours.
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Illegitimate company
Illegitimate trading company. Do not invest money here.
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Bad broker
Bad brokers, avoid dealing with them. They will just run away with your hard-earned money.
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Poor broker
Poor trading site with terrible customer service.Not recommended.
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Poor broker
Bad broker and poor customer support. I regret joining.
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Scammers
Scammers hiding in some places. They cannot even clearly say where are they located.
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Disgusting phone calls
No one should force anyone to deposit money, especially over the phone. I encounter so many calls from this broker asking for me to deposit money. Disgusting phone calls.
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Bad brokers
Inaccurate trading signals causing me to lose more money. Bad brokers.
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Do not deal
Very bad trading experience. I’ve got losses after losses. Be careful, do not deal with this broker.
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Unhelpful and rude
I am not recommending this broker service, They are not good brokers. Bad customer service. They are very unhelpful and rude.
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Poor services
Manipulates trades obviously. Signals are unreliable and services are very poor.
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No withdrawal process
No withdrawal process. They ask so many documents but end up denying my withdrawal request They told me that I am not yet qualified for withdrawals.
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Slow withdrawals
Slow withdrawals. Services are not ideal for gaining good profits.
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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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Slow withdrawal process
Very slow withdrawal process. It took them weeks to process my withdrawal request and it is very frustrating waiting with no assurance of the exact date of crediting
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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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Delayed execution
Delayed execution. I notice it several times and so placing trades with them is never timely. I switch broker a month ago.
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Impressive trading platforms
The trading platforms at Instaforex are all working properly. I am honestly impressed that thy offer multiple platforms. It gives the client the freedom to choose the most suitable platform for their trading style.
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Frustrating withdrawal process
I am not very happy with the withdrawal process, a lot of documents to submit and the process is quite lengthy.
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Worst
One of the worst trading brokers. Among the brokers I have traded with, they are the worst, really.
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Worst customer service
Worst customer service. They are rude and unhelpful.
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Slow withdrawals
Slow withdrawals. I have waited for few weeks. I thought only for the first time but no, it happens on all of my withdrawals.
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Bad trading company
Bad trading company. Options are very limited and they do not approve withdrawal requests.
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Bad trading company
Bad trading company. They have never been good to me when I traded with them.
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Worst
Don’t even deserve a single star rating. The services are really worst.
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Do not deal
Do not deal with them. Not worth my money and time.
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RIGGED
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
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Unreliable signals
It is just a waste of money and time to trade with this broker. Signals are unreliable.
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Worst trading experience
Worst trading experience. I have lost so much money here.
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Rubbish trading services
Rubbish trading services. As if they are not real brokers, so many things they are not aware of.
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I lose huge money here
I did deposit for the second and third time because I thought that losing for the first time is normal and maybe I can recover on succeeding trades. But losses become huge.
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Lost huge money
I have lost huge money here and am now facing so many problems.
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Worst broker
Horrible forex broker. They’ve got the worst withdrawal process and the worst customer service I have ever dealt with.
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Slow withdrawals
Slow withdrawals. I always have to wait long for my withdrawals.
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Do not deal with this broker
Do not deal with this broker! I think their support do not work at all!
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Unreliable signals
Unreliable trading services and signals. I thought it is but normal to have losses for the first month but it keeps on my second month.
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Poor forex broker
The bonus will give you more. But the moment you start trading with bigger amounts, you will see everything will be messed up. Do not fall for their trap.
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Difficult to withdraw
The services are good at the start when I deposit the minimum required. All transactions are smooth and they were able to show me possibilities. But right after depositing a bigger amount, it all changes to worst. I had a hard time requesting withdrawals.
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Slow withdrawals
Slow withdrawals and poor customer service. They are one of the worst broker services I have ever used.
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Expensive
Very expensive trading instruments. There only a few assets and per lot is so much expensive.
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Slow withdrawals
Lengthy and slow withdrawal process. I hate them asking for more documents from me.
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Difficult withdrawal
The longest and the most difficult withdrawal process. They keep on asking for so many documents and there are so many terms to fulfill.
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Worst
The worst I have ever used. Aside from it is very impossible to withdraw here, people are very rude.
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Frustrating withdrawals
Frustrating withdrawal process. Aside from it is very slow there’s so much to provide. People here are warm and accommodating though.
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Do not deal
Very bad trading experience. I’ve got losses after losses. Be careful, do not deal with this broker.
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Poor trading services
Seems good at first but becoming worst as I trade along. Their withdrawal process slows down as well and they keep on changing terms.
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Poor trading platform
Outdated platform with so many technical errors. I always encounter problems on their trading platform which are left unresolve.
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Worst trading company
Worst trading company. Not a good broker to deal with. Do not trade with them.
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Poor customer service
Poor customer service. They can’t even communicate well with clients.
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Slow withdrawals
Slow withdrawals and bad customer service. Not recommended.
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Worst broker
The worst trading experience I ever had. Slow withdrawals and worst services.
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So many charges to pay
There are so many trading instruments you can choose to trade but trading with them is a bit expensive. There are so many charges to pay.
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I am not pleased with this broker
I am not pleased with this broker service. I get more losses than profits. They see that I am losing more but they still insist on convincing me to add more funds.
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Unreliable customer service
Good trading conditions and fast withdrawals. But please improve on customer service, they are hard to reach by phone and rarely answer chats and emails.
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Stay away
Stay away from this broker. They are good manipulators.
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Avoid them
Did not pay my profit. Avoid them by all means.
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Slow customer service
Slow customer service. I have lost a fortune before they respond.
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Stay away
Stay away from them. They are not a legit trading brokers.
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Lots of choices
Instaforex has a wide range of trading instruments. From Forex to cryptocurrencies, you can choose whatever you want to trade. Aside from that, they also have multiple choices of trading platforms. What I mostly use is their WebTrader as it is very easy to access and is fully functional.
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Poor signals
Not a progressive trading experience. I have lost money instead. Something is wrong with their signals.
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Not a legit broker
I have a strong feeling that they are not legit brokers that is why they almost won’t allow withdrawals.
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Poor trading brokers
Poor trading broker to deal with. Customer service does not assist round the clock but only on a selected few hours.
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Too good to be true
The profit projected was too good to be true. Actual trading isn’t really profitable.
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Poor trading services
Poor trading services. Not worth my time.
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Worst customer service
Worst customer service I have encounter. They sounded as if they are not willing to help.
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Poor services
Poor services. They are very very unresponsive.
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Poor services
Poor services. Not trading with them again.
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Rude brokers
They are rude brokers and unhelpful customer service. I will not deal with them again.
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Do not deal
Do not deal with them. They keep on collecting money from me but do not let me withdraw.
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Poor trading broker
Not a good trading broker. Do not deal with them.
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Bad customer service
Bad customer service. They sounder very unhelpful and lazy over the phone.
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Slow withdrawals
Slow withdrawals. Poor customer service.
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Poor trading signals
Poor trading signals and services. I have waited for my withdrawal request to get approved but it was never approved.
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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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Lose huge money
I lose huge money on this broker company. Do not trade with them, signals are not good.
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Expensive
The trading instruments are very very expensive. Not a good deal.
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Not a good broker
Not a good broker for online trading. Withdrawals are difficult and slow.
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Worst trading tools
Worst trading tools and services. I always encounter technical errors and they never attend to my concerns.
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Do not invest here
Do not ever dare to invest with them. Not good investments for anyone.
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Unreliable brokers
Unreliable trading services. They are always not available when I needed help.
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Reliable support team
The customer support team of Instaforex is undoubtedly reliable. They are very responsive and they answer questions directly and clearly. I have been with this broker for more than a year now and I can say that I am really loving my experience. The overall trading environment is great as well. I can make my trading activities smoothly and without interruptions.
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Lose money in an instant
I have lost money in an instant. Do not trust this trading company.
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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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Slow responses
Slow responses from them causing me so much trouble. I even had losses because of slow responses.
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Difficult withdrawals
I am having a hard time requesting withdrawals. It is not a good idea to trade with them.
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Almost impossible to withdraw
Almost impossible to withdraw money from this broker service. They always block withdrawal requests.
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Refuse to pay profit
Have refused to pay my profit. I have files withdrawal request several times and they have rejected all of my requests.
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Horrible services
Horrible broker service. I face so many issues on their trading charts and tools. I will never trade with this broker again.
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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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Poor trading broker
Not an ideal trading broker. Aside from the fact that they do not have regulation, signals are poor and are always against the market.
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Bad company
Bad forex company. Do not deal with them
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Harassing broker
Intimidating and harassing broker service. I will never trade with them ever again.
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Poor broker
A poor trading site with terrible customer service. Not recommended.
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Poor services
Poor trading services. I can not and will never recommend them.
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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 this broker in the past.
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Good broker.
I disagree with you.
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Excelent
Nice broker and good conditions.
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Inefficient broker
They play blaming games on losing trades. Very inefficient brokers.
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Amazing
For the past three years, I have been trading with Instaforex and all that I can say is that this broker is incredible. In those three long and productive years, I haven’t had any problem in my trading activities. The platform has always been in good condition and it can also handle high volatility. Most importantly, the processing of withdrawal request is fast.
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Bad forex broker
It seems to me like what they have is fake trading. I experience consecutive losses and unbelievable pricing. Have traded for just a month but will never trade with them again.
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Worst broker
Extremely worst forex broker. Do not trade with them.
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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.
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Worst signals
Worst in terms of signals and withdrawal process but have good customer service.
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Fraud
They are a fraud. I have traded with them and felt like they’ve just collected money and their trading is not real at all.
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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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Do not deal
Do not deal with this forex broker, they are one of the worst. Signals are unreliable, I have lost huge money on these brokers.
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Worst trading signals
They’ve got the worst trading signals. It seems like all are just mere speculation and no strong basis. I have lost so much on this, do not deal with them.
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Slow withdrawals
Slow withdrawals and poor customer service. They are one of the worst broker services I have ever used.
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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 trading platform
Poor trading platform and bad customer service. I always encounter a technical problem. Customer service keeps on ignoring me s well.
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Fake trading
They always make sure that customers losses money. I and my friend’s 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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Worst platform
Worst trading software I have ever used. I had so many technical problems and glitches. Services are not so good.
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Do not deal
Do not deal with this forex broker, they will surely give you so many headaches. From signals to withdrawals, all are worst.
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Worst signals
The worst trading signals. I can never rely on signals not even on services.
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Worst broker
The worst trading services I have ever used. I switch to this broker with high hopes that they are better than my previous one but they seem to be worst than them.
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Poor trading signals
Poor trading instruction. It always goes against market movements and the result is poor.
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Excellent signals
Excellent trading signals. It shows on my profit. I consistently get around 10 percent profit on a monthly basis.
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Good trading partner
Good partner for traders like me. They have really good service. I am happy with the services and satisfied with my profit.
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Poor trading partner
Poor trading partner. Signals and services are not at all reliable.
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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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Unreliable
I will never trade with this broker again. I can not rely on the signals not even on the services.
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Worst trading services
Worst trading services. I don’t recall gaining any profit from this broker. I have huge losses instead.
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Worst trading services
Worst trading services. Signals are unreliable and services are bad. I do not recommend this broker.
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Bad brokers
I do not believe in their online trading. I got consecutive losses as if fishy is going on the backend of the platform.
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No withdrawal
No withdrawal process I guess. I have traded with them and they never let me withdraw my profit. They even ask me for more money instead.
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Difficult to withdraw
It could have been a good broker because signals are working but it is very difficult to get a withdrawal. I closed my account and will not trade with them again.
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Slow customer service
Slow customer service. Even if you have to call them, they will not attend to trading needs right away.
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Not a good one to deal with
Their trading platform is acting up so weird. There are latencies and glitches that cause loss of money. They never process a refund for this matter. Not a good one to deal with.
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Slow response
Slow response to emails and chat. They are available 24/7 if you call but on emails and chat, they are not available always.
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Rude customer service
I am currently trading with this broker. While it is true that they have 24/7 support, they are very rude and sarcastic. They may be skilled but have very poor behavior towards clients.
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No withdrawals
No customer service and no withdrawal process. Every time I call customer services they are always unavailable and withdrawal requests are rejected almost impossible to get your money.
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Unable to withdraw
This could have been a good broker for forex trading. Good services except that it is very impossible to withdraw profit. I can see a profit on my account but as if it is for my eyes only to see and not my bank account to have.
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All good
i can’t say if Instaforex is a scam personally but i will find out in a few weeks or months as long as you guys choose to be of help being silent online here means you want more people to get swindled, You don’t need to wait till another innocent person becomes a victim, a single word out here, sharing your personal experience and giving details of whatever transpired is important. Pls write dimitru(at) ivtcysec-recovery, tech, doing so could be used to detect further swindlers and also help warn others to stay off. Save a soul today. IVT security needs your stories, it is helpful.
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Poor broker signals
I thought this is a good broker because terms are good however eventually it turned out that they are not good brokers. Signals are poor and customer services are very unhelpful.
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Bad broker
Trading terms keeps on changing. The overall experience is not good.
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Not satisfied
I am not fully satisfied with their overall performance. The trading terms are okay but the trading results are not good due to poor broker signals.
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Slow withdrawals
I had to fight with them so many times before getting my withdrawal credited to my bank account. Slow withdrawals.
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Useless customer service
Useless customer service. Even if you call and talk to them they wouldn’t even bother to help you. On emails and chats, they will never reply.
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Withdrawal issues
I hate dealing with this broker due to never-ending withdrawal concerns. For 4 months of trading with them, I always got withdrawal issues.
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Unhelpful
Useless broker services. I can’t rely on them for help, can’t even rely on their broker signals. I feel like it is much better to trade on my own, they are not helping at all.
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Do not deal with them
Poor trading services. Slow withdrawals and unresponsive customer service. Do not deal with this broker service.
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They block withdrawals
These guys were all good until I had to withdraw. They always find a way to block the withdrawal requests.
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Poor trading services
Poor trading services. Withdrawal is very slow, customer service is unresponsive and signals are one of the worst I ever had.
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Bad customer service
Bad customer service. They seem very rude and harassing over the phone.
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Crappy customer service
Crappy customer service. Seldom answers chat and email. It sounded very dull.
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Poor broker service
This broker has taken my hard-earned money. I lost a huge amount on their poor signals. I felt like the signals against the market movements are intentional.
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Poor broker performance
I am an experienced trader and I have used this service in the past. I did not trust them and so I closed my account. I feel like I know more than their so-called brokers and account managers. I am not even sure if these really license brokers or just random salespeople.
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Do not deal with this broker
I have spent so much money and time on this but I did not get anything in return. Bad broker service. Do not deal with this broker.
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Extremely poor services
Extremely poor services. Withdrawal is very very slow and customer service is very unhelpful.
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Unprofessional
Unprofessional and rude brokers. Do not deal with them.
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Do not use their services
My advice to everyone who will come across this brokers, do not use their services. I lost huge money with them.
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Bad forex brokers
Very deceiving trading policies. They won’t explain everything at first and will just surprise you with restrictions later on.
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Hassle withdrawal
So much hassle to withdraw money. You will have to wait longer than usual before it gets credited to your bank account.
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Do not allow withdrawals
Don’t waste your money and time with this broker. I opened an account last month and when I already got over $100 profit I decided to withdraw my profits but the withdrawal request was declined. And come the next day, my profit was gone and the account was closed.
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Unsatisfied with the services
I am not satisfied with the services. Poor signals, it had resulted in several losses.
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Terrible signals
Terrible broker signals. Always against the market movements.
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Worst broker
Worst broker for forex trading. They are not capable of getting winning trades.
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Unsatisfied with the services
Have used this broker for a month and I am not satisfied with the services. I shifted right away.
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Long withdrawal process
I regret choosing this broker’s services. I experience a very long wait on withdrawals.
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Not an ideal broker
Not an ideal broker if you are looking for good earnings. Their signals will not do you any good.
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Not recommended
I am not trading with them again. I was not able to get any money at all. They freeze it saying I have to add more money in order to withdraw. They are trying to fool me.
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Slow withdrawals
Slow and tedious withdrawal process. I will never trade with them again.
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Unregulated brokers
I have just started trading with them when I get to read the review that they are not regulated. So far all is good but I felt unsafe since they’re unregulated forex brokers.
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Unable to get my money
I was not able to get my money from this broker. They told me to trade more in order to grant withdrawal request, they even charge me for non-activity and freeze my account.
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Unhappy with services
I am not happy with the services. They are offering live analysis which doesn’t make sense at all. The analysis is not accurate.
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Not a good broker
Not a perfect broker for forex trading. They are not good at all.
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Technical issues
Friendly customer service. It’s good that they are helping me always but I am a bit frustrated with thier trading platform, always has technical issues.
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My money was frozen
My money was frozen. I traded with them last month and until now I wasn’t able to get my money.
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Bad customer service
Trading terms are generally okay but customer service is unresponsive. Emails and chat replies come in great delay.
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Bad forex platform
Bad forex platform. It is outdated and had so many technical problems.
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Slow withdrawals
Slow withdrawal process. It will take so many weeks before the money will hit your bank account.
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Unregulated
Very unsafe to trade with this. They are not regulated.
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Slow withdrawals
This is a good broker except that withdrawal is slow, all services are fine.
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Not a good broker
This ain’t a good broker for forex, poor signals, and services. Do not deal with them.
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Not regulated
This broker service is not regulated and is very unsafe to trade with them. I wish I could have done a bit of research prior to joining them.
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Be careful not to trade with this broker
Be careful not to trade with this broker. You will surely lose all your money and won’t get back any single cent.
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I lost all my money
I had a very bad experience trading with this broker. I lost all my money.
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I am not satisfied with their performance
Responds very quickly to queries, they will call and email me straight away with a good explanation. But I am not satisfied with the broker’s performance.
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I felt like account is manipulated
I felt like my account is manipulated, there are movements that I never remember doing.
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Good so far
I have joined them last week so far I am getting good services but I haven’t withdrawn yet.
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Not recommended
I notice a bit of price manipulation and they keep on adding terms as you trade along. Not recommended.
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Difficult to trade with this broker
It is very difficult to trade with this broker. The platform is very complicated and customer service doesn’t communicate well.
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Not happy with trading results
This is my current broker but I am not so happy with the trading results and so I am switching to other broker services.
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Inefficient customer service
Their customer service is highly inefficient and imbecile. There is no concern that was resolved, they would normally say will get back to you on this just to get rid of you over the phone but will never get back with a resolution.
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Trading policies are constantly changed
Trading policies change almost every month. It is confusing to trade with them as they come up with new policies all the time.
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Signals aren't that good
The signals I got from this forex broker aren’t so good. I gain very little profit as if it was just a game and I am just wasting my time.
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They are not regulated brokers
I never knew that this broker service is not regulated until I get to read some reviews online. Then I began to realize that maybe it is the reason why I get losing trades most of the time maybe because what they really have is fake trading.
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I am new to their service but so far it is good
I have just started trading with this broker last week. So far signals are in my favor. I haven’t had enough to really say more about them. I am just hoping everything will go as smoothly as possible.
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Great trading terms only applies to VIP accounts
Great trading terms do not apply to all but only to those who opened the VIP account, I knew it cause they have used it as a selling point to convince me to invest some more. I am very disappointed that I closed my account instead.
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Difficult to withdraw money
This is what I experience with this broker, they did not let me withdraw my money. They have asked for so many documents making it more difficult to withdraw.
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Very unsafe to trade with this broker
Very unsafe to trade with this broker, I would suggest never to use their services. I traded with them in the past and all my money was lost.
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Worst broker, I have lost huge money on this
The most terrible broker for forex. I have lost huge money on this broker. I am trying to withdraw and they made it so difficult that before it gets approved,they have manipulated and trade against leaving nothing on my account.
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Trouble withdrawing my money
I am having trouble with their withdrawal process. They are asking a lot of requirements and it seems very impossible to withdraw and no one is really helping me in their customer service.
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Low customer service rating
Very difficult to get through their customer service, no answers on emails. Everything is fine except for this.
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Can't withdraw money
Trading conditions are okay and I can see on my account that I am gaining profit. I am just a bit worried because I have requested my first withdrawal but until now I haven’t recieve it yet, it been a week now and I can’t get through their customer service.
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As of now I am not sure if making profit here or what. I mean, this broker is not transparent to me I think. I have no other problem aside from this
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