Insta forex broker
My son was recording all $ 7000 transactions. Length of use: 0-3 months
Instaforex review
Instant trading EU ltd
Also instaforex.Eu
Top forex bonuses
Insta forex offers the MT4 and MT5 trading currency platforms. Instaforex.Com offers over 105 currency pairs, bitcoin, cryptocurrencies, shares, oil, gold, silver and cfds for your personal investment and trading options.
2018-08-02: cysec had fined instant trading EU (one of the companies behind instaforex and forexmart) €130,000. The fine was for non-compliance with article 36(1) of the law, as it did not act fairly, honestly and professionally in accordance with the best interests of its clients and also for non-compliance with article 36(1)(d) of the law and paragraphs 15 and 16 of the directive, as it failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate is appropriate for them.
CLICK HERE to confirm.
Scam alert!
The FPA has confirmed a scam case against instaforex.
Click here to read what happened.
Scam alert!
Instaforex is hereby blacklisted by the forex peace army. We urge traders not to open accounts with insta forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If instaforex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud.
2011-01-26: the CFTC filed a lawsuit against 14 offshore forex brokers, including instaforex. CLICK HERE to verify.
Need more info?
Read and ask HERE .
Broker details
deposit methods: | bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay |
withdrawal methods: | bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay |
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Traders reviews
Length of use: 0-3 months
Length of use: 3-6 months
I deposited my money with this shit broker. My trades where always at a loss, and if it manages to show blue is just for some seconds and the market will suddenly become very slow. But when its showing red, the market begins to move very fast. I wondered what problem really was until I started placing trades simultaneously on another broker. That was when I discovered instaforex was manipulating their platform.
I later tried to withdraw my funds to no avail. Everything about them is a scam
Length of use: 6-12 months
Length of use: 0-3 months
Length of use: 0-3 months
Length of use: 3-6 months
Instaforex took my profit 8.5k. They claimed that the profit 8.5k was made from 900usd usd bonus given during my initial deposit 3k usd.
They took my profit clause 11. Fyi, my fund manager did not inform about clause 11 impact if i took 30% bonus.
Instaforex is an unethical company.
Length of use: 0-3 months
Length of use: 0-3 months
My son committed suicide because of instaforex.
They were confiscated illegally for his son's profit of $ 7000.
My son was recording all $ 7000 transactions.
I requested payment by september 26th.
If instaforex does not pay, i will sue instaforex yes.
If you are not paid, write your email address here.
People who were in the same damage!
Length of use: over 1 year
Frequently asked questions
Is instaforex a good and legitimate company?
Instaforex has been fined by cysec for several reasons, including that "it did not act fairly, honestly and professionally in accordance with the best interests of its clients."
Instaforex has been sued by the US CFTC. Instaforex has been the subject of warnings by at least 4 other government regulators around the world.
The FPA does not consider instaforex.Com, instaforex.Eu or any related site to be a good or legitimate company.
Can I withdraw an instaforex bonus?
Getting bonus money or else profits from a bonus at instaforex is not always easy. Even if a trader follows all the rules, instaforex can accuse a trader of cheating, cancel the bonus, and confiscate all profits. Instaforex can do this without presenting any evidence.
In 2008, two FPA members were accused of cheating while using an instaforex bonus. Instaforex not only removed the bonus, but also confiscated the profits that both traders had made. Instaforex's representative to the FPA promised to provide evidence to back up this cheating accusation. She never provided a single piece of evidence. Instead, she just kept emailing her claim that they cheated and said that her repeated unsupported claims of cheating qualified as proof of cheating. The FPA does not consider repeating an accusation dozens of times to be evidence that the accusation is true. The clients were never paid for the profits instaforex took from their accounts.
Even without a bonus being involved, it is possible for instaforex to confiscate profits based on an unsupported accusation of cheating.
The FPA is not surprised that cyprus fined instaforex for being unprofessional, unfair, and dishonest in dealing with its clients. The FPA is only surprised that it took so long before this was done.
Is instaforex regulated?
Even in march of 2020, instaforex.Com's website still claimed that the instavector branch of the company is registered with the russian federal financial markets service. The FFMS was disbanded in 2013 .
Instaforex was regulated in belize. It is not regulated there any more. Some people claim that the belize IFSC threw instaforex out. Instaforex claims they voluntarily gave up being regulate there.
Instaforex is regulated by cysec in cyprus. Instaforex has also been fined by cysec for being dishonest and not acting in the best interests of its clients.
Outside of europe, instaforex is regulated by the BVI FSC, which is not known for being a very strict regulator.
Instaforex is also registered with the SVG FSC, which specifically does NOT regulate forex, binary, or crypto trading.
Instaforex
- No premium features with metatrader platform
- Not heavily regulated
- Minimal advanced charting and tools available
Min deposit
Max leverage
Mini account
Bonus
Platforms
Withdrawal options
Review
Comparison
Review
Introduction
Instaforex was created in 2007 in russia. The platform has over 1,000 new clients registering every day, and more than 7 million traders around the world choose to use this platform. Instaforex is part of instaforex group. The company, instant trading ltd, is licensed by BVI FSC with license number SIBA/L/14/1082 while insta service ltd has registration with FSC saint vincent with registration number IBC22945.
Instaforex has won multiple awards and honors, including earning the title of best broker in asia from the world finance awards for consecutive years. They have additionally earned the title of best retail-broker from the EUROPEAN CEO magazine and similar honors from CNBC business magazine. Other recent accolades include best ECN broker 2017 (and 2016) from the european CEO, best social trading broker 2016 by the UK forex awards, best ECN broker eastern europe 2016 by the global business outlook, best forex broker in asia 2016 by the IAIR awards, and best ECN broker in asia 2016 from the international finance awards.
This platform supports an impressive 27 languages for you to use on its website and trading platform. This allows traders from around the world to easily access the platform with full understanding. The only issue is that you are automatically redirected to a language-specific version of instaforex based on your IP address’s location and cannot change this on the home page despite the presence of language options. You must go to another page on the platform’s website to view the information in your chosen language if it differs from the detected language. The layout and design of instaforex are not as aesthetically pleasing as that of competitors, and you will need to scroll a reasonable amount to get to the bottom of any page due to listings of partners.
Trading conditions
The leverage offered by instaforex is extremely high, up to 1,000:1, making it an industry leader in this respect. Traders should keep in mind, however, that with such high leverage, it becomes easier to experience a high loss with instaforex.
When creating an instaforex account, traders have the choice of several bonuses. There is a 100-percent bonus option for the first deposit. Or you can opt for a 55-percent bonus for every deposit. Other options include an instant 30-percent bonus on the deposit, various instaforex club bonuses, and instaforex coupon bonuses that are rewards from partners for trading activity.
Instaforex offers standard forex, mini forex, or micro forex accounts. There are also cent accounts. Cent.Standard and cent.Eurica accounts, which are ideal for beginner traders seeking to hone their skills with minimal risk. Other than the smaller allowed deals and a lower maximum deal and deposit size, the trading terms are identical to those for insta.Standard and insta.Eurica accounts.
Products
Instaforex offers a wide range of trading instruments for users to select from. The platform offers 110 trading pairs for forex, 91 cfds for shares, three cfds for metals, 33 total cfds for futures and indices, and five cfds for cryptocurrencies plus binary options. As such, most traders will not need to use multiple platforms to trade the instruments that they favor.
Regulation
Compared to other brokers, instaforex has minimal regulation. The broker is licensed by cysec in cyprus with license number 266/15 and by BVI FSC in the british virgin islands with license number SIBA/L/14/1082.
Platforms
In terms of platforms, instaforex uses metatrader 4 along with its proprietary platform for mobile trading and web trading. The instaforex platform is easy to use by traders of all experience levels. Beginners will find plenty of support for metatrader4 while advanced traders will appreciate the wide range of trading options plus the ability to become a top trader for the forexcopy system.
In terms of using the charts and trading software, everything is set up in a similar way to other forex platforms, providing familiarity. The option of a demo account also allows traders to become familiar with the platform before risking their money. Generally speaking, beginners and intermediate traders will likely be more comfortable with instaforex than highly advanced traders, although there are enough tools to keep semi-advanced traders happy.
Automated trading within instaforex comes via forexcopy, which allows traders of all experience levels to copy the orders of the most successful traders. With the system, it is still possible to adjust settings and cancel copied orders. The orders that the copied trader executes for forex, stocks, and cryptocurrencies become signals that your account then automatically copies in return for a small commission. This particular tool helps instaforex appeal to beginners, and the forexcopy traders are numerous with clear statistics. As mentioned, the instaforex website supports 27 languages.
Mobile trading
The mobile trading platform from instaforex is available for both apple and android devices, and it has similar functionality to the web platform, including account access, trading history, time frames, news, analytics, and orders. The website is also mobile-friendly, although it is simpler to trade using a mobile app than a web platform on a tablet or smartphone.
Pricing
There is no zero or ECN account available from instaforex, with the broker making a profit on all account types via spreads. In a move that sets the broker apart from others, instaforex opts for fixed spreads for most trading instruments, with the exception of EUR/CHF and USD/ZAR. Those spreads can go up 5 and 200 pips, respectively, during peak hours but are at 3 and 200 points, respectively, during the day.
Although the spreads are fixed, they are far from competitive with EUR/USD set to 3 pips for insta.Standard accounts, but with a fee of 0. By contrast, insta.Eurica accounts have a spread of 0 pips for the same pair but a fee of 3, making them essentially the same. You can view all spreads on the “specifications” page.
Deposits & withdrawals
The minimum deposit for instaforex depends on the method. It stands at $1 for electronic payments, $50 for credit cards, and $300 for bank transfers. There are a total of 17 deposit methods, with specific availability based on the region in question. The only fees for deposits are those charged by the bank or system, and options include bank card payments, bank wires, moneybookers, skrill, neteller, bitcoin, megatransfer, astropay, china union pay, payco, solidtrustpay, paxum, onlinenaira, B-pay, and local transfers. Some deposit methods are instant while others can take up to 24 hours. In every case, the withdrawal method is the same as the deposit. There is also the option of an instaforex benecard or epayments card or ukash for withdrawals.
Customer support
There are many support resources on instaforex via the support button found at the top of the page. There is an extensive FAQ section along with the option to request a callback, leave feedback, email, or chat online. The FAQ section is available in russian, english, and indonesian, with certain sections also available in additional languages. Call centers are available 24/7 with unique call centers (and clearly listed numbers) in the U.S./canada, U.K., switzerland, malaysia, indonesia, georgia, kazakhstan, bulgaria, and ukraine. Technical support is also available 24 hours a day via email, viber, twitter, ICQ, skype, whatsapp, telegram, or the phone.
Research & education
Beginners will appreciate the “for beginners” section of the website, which provides some basic information, including how to progress from a demo account to a live account then to becoming a professional. There are also convenient sections for training, “getting started,” and video tutorials. Advanced traders will appreciate the section titled “FX analytics,” which includes analytical reviews, a forex calendar, news, information from a chief strategist, forex TV, and patterns.
Noteworthy points
Instaforex focuses heavily on sponsorships of various athletes and sports, a fact that is impossible to miss as you browse its website. Most pages make at least reference to this, with many listing multiple recent sponsorships that you must scroll past to get the information you want.
The language support on instaforex is impressive, but the website is not as easy to navigate as competitors. Overall, the broker has a good reputation and has not had any penalties or investigations in recent years.
Conclusion
Instaforex does not have as much regulation as some of the competing forex brokers, which is a strong point to consider for some traders. Despite this, it does have a very solid reputation among traders and experts along with excellent customer support. The platform’s design and overall use make it the best option for beginners to intermediate traders who will be able to take advantage of its vast resources, including tutorials and copy trading. More experienced traders may want to opt for a platform with more charting and advanced tools available, although they will likely be more than satisfied with the trading instruments offered by instaforex. Experienced traders may want to consider using instaforex if they are interested in enhancing their profits via the forexcopy program where they can earn commissions from those who choose to follow them and access over 400 instruments.
Comparison
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Instaforex
- Company instaforex
- Founded in 2007
- Online since 2008
- Offices in
- Alipay
- Bitcoin
- Credit/debit cards
- Litecoin
- Neteller
- Skrill
- SOFORT
- Tether (USDT)
- Unionpay
- Wire transfer
- Arabic
- Azerbaijani
- Bulgarian
- Chinese
- Czech
- Dutch
- English
- Georgian
- German
- Indonesian
- Italian
- Japanese
- Latvian/lettish
- Lithuanian
- Malay
- Polish
- Portuguese
- Russian
- Slovak
- Spanish
- Turkish
- Ukrainian
- Urdu
- Vietnamese
Account types:
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $1
- Minimum position size 0.01 lot
- Spread type fixed
- Spread on EUR/USD, pips 3
- Scalping forbidden
- Expert advisors allowed
- Trading instruments
- Forex 1:1000
- Gold & silver 1:100
- CFD 1:10
- Binary options
- Cryptocurrencies 1:3
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $1
- Minimum position size 0.01 lot
- Spread type fixed
- Spread on EUR/USD, pips 0
- Commission (one-way) per 1 std. Lot $30
- Scalping forbidden
- Expert advisors allowed
- Trading instruments
- Forex 1:1000
- Gold & silver 1:100
- CFD 1:10
- Binary options
- Cryptocurrencies 1:3
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $1
- Minimum position size 0.0001 lot
- Spread type fixed
- Spread on EUR/USD, pips 3
- Scalping forbidden
- Expert advisors allowed
- Trading instruments
- Forex 1:1000
- Gold & silver 1:100
- CFD 1:10
- Binary options
- Cryptocurrencies 1:3
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $1
- Minimum position size 0.0001 lot
- Spread type fixed
- Spread on EUR/USD, pips 0
- Commission (one-way) per 1 std. Lot $30
- Scalping forbidden
- Expert advisors allowed
- Trading instruments
- Forex 1:1000
- Gold & silver 1:100
- CFD 1:10
- Binary options
- Cryptocurrencies 1:3
Reviews
202 reviews of instaforex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Good broker, but with high spreads, mt4 available, fast withdrawal
I often have trips out of town or overseas and I find it really convenient that instaforex has a quality mobile platform. Not all brokers could provide this but instaforex made sure that I their clients will have the same trading experience when we use the mobile platform. This is only one of the many great things about this broker and I am so proud to say that I am with them.
I've prefered instatrader mobile platform and their fixed spread in the market. As I am a full-time scalper and fixed spread is so profitable for me. Here I can trade instantly from anywhere on the platform and I can also analyze my trade using this mobile platform. Although I've traded with their 1:1000 leverage too, as my orders didn't stop out. I also get the free signal from their specialist which makes a profitable deal for me. I've earned $350 gradually and withdrawal money through neteller within 24 hours. Totally instaforex broker is perfect for me.
I started trading with insta since last winter. It’s not so big time to evaluate a broker. However, so far so good, I run three expert advisor of the same account using VPS and may orders are making profit continually. I did 12 withdrawals until now, every time I received within 5 hours. There were not any delay for this period. Overall, very positive feedback for instaforex.
Last two years I have traded with instaforex, really their MT4 platform has nice execution and that has many professional services like islamic account, forex copy, PAMM system, instawallet. On their platform I can customize with any EA too, also their mobile traders' platform is easy for busy traders. Till now I have invested more than $2K and I am able to manage my account double, I have so many transactions via skrill account, which response within 4 hours. Actually, I seem that instaforex always tries to give me a solid service in the competitive market with high tech and market analysis.
The website of instaforex is the most informative page I have ever visited. I won't dwell too much on the technical such as the platform, spreads, execution, and transactions because they are all great and a lot of other traders have already commended them on that. I just want to give emphasis on the less noticed but also crucial part of this company: their website. Here is where we get all the information we need and they really provide almost everything. Also, I'd like to stress on the fact that despite the complete information, the website doesn't seem too packed.
I hope instaforex is a scam broker. They was don't give me my money. I was withdraw 57 USD and i was make profit 86 usd. But they don't give my profit. I was able to withdraw only 52 usd.
Instaforex is a piece of shit russian broker.
All positive review were fake coming from their IB or instaforex it's self.
Don't be fool by them. Do your research.
These bastard ain't worth shit. Stay away.
I have a mini account with instaforex for five years. In the MT4 platform always I got fast order execution, which less than a second. So a perfect position brings profit for me. Besides I have found profitable trading tools and best service with them, such as PAMM and forexcopy system, which is the best system in the market to earn money. They have given me 30% deposit bonus when I invest my fund. While I have many withdrawals via skrill payment system. So I say instaforex are the professional broker.
I started to trade with instaforex after testing their demo account. I joined with a startup bonus of 1500$ and made my 10% profit within the first 2 weeks. I enjoy the trading conditions and the stable platform MT4. I use time frame M15 which suites me best. My trading involves currency pairs EUR/USD, USD/CAD and gold, with an average profit of 400$ a month. I never had hidden commissions or problems with withdraw money. The broker is reliable.
Hello to you over there. It's bolarinwa jacob taiwo from nigeria.I had a very big problem on my neck and i need your help that is the reason why am writing you this message to help me out. I withdrew this morning but they asked me to provide my phone password before they can pay me but i was told that my phone password was not correct. Pls,i need your help at this junction.I love during business with instaforex that is am crazy about it. Kindly help out with my phone password.Thanks.
This is the sickest sh*t broker i ever tryed out ! ' deleting stop losses ' stopp losses don't hold it goes trough and back. When u go to toilette or to sleep they delete your SL's. Sometimes you have loss trades u don't even know ' from what'. Money goes from self like magic and so on'. Don't let you enter hack's don't let you exit trades often u must click 30 times or restart the mt4 to go out a position. Pfuj ' gods curse on them.
The antifraud department already replied you about your concern.
My name is ruel yas alcober today june 20 2017 my account block by instaforex without any reason first i made witdraw amount 0f 133$ after a weeks i recieve my witdraw in ny skril.Then i start trading again.Friday june 17 2017 i made 214$ in witdraw it again to my skrill in then sunday i check my account if i recieve my withdraw in still not there.I woke up monday morning in i still dont recieve my withdraw.I contact support in they tell me dont worry you will recieve your withdraw today..Then tuesday when i check my skrill still dont have it..In when i try to log in to my account i cant log in it say wrong password i contact live support then win they check my account they said my account was block by anti fraud department.In they said i will contact antifaruad deoartmebt in send scan id in ny phone password in account number.I send all my available ducuments id with my photo.In now untill now i dont recieve any email fir anti fraud to explain to me why they block my account.I know all they rules in i kkow in my self that i clear in i dont vialoted any rules.They said they will review my acvoubt within 10 days.So if ever within 10 days i dont recieve my withdraw i will update.Im sad right now dont have energy.I dont know any reason why they did it..Sad instaforex
I think instaforex is the best. They have fast processing on my withdrawal request and they are very transparent. The news they have provided on their website is very helpful on me. They are my number one broker and they are deserving for the a lot of awards.
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TRADE TRUSTFULLY
✓ no commission on funding and withdrawals !
✓ trade more than 100 instruments (micro-lots available )
✓ fast execution & deep liquidity
✓ advanced trading infrastructure & competitive pricing
✓ our MT4 platform is designed for an efficient trading
✓ trade FX , metals , shares, indices , energies and futures
✓ leverage up to 1:1000 and competitive spreads
Invest in #UK100 (FTSE100), EURUSD , gold and facebook from a single account
Trade cfds on a wide range of instruments with insta markets, including popular FX pairs , futures , indices , metals , energies and shares. Experience the global markets at your fingertips.
Market overview
Multiple funding and withdrawal options
We provide our clients with a wide range of payment options to fund their accounts including bank transfer, debit/credit card, paypal, skrill, neteller and unionpay 1.
Tight spreads and no commission
Tap into the world's markets and explore endless trading opportunities with the world's best broker - all with tight spreads and no commission.
24HR AWARD-WINNING SUPPORT
All account representatives are encouraged to take the customer function exam, an industry standard for managers which in our case is extended to everyone. The majority of our account reps are therefore approved. This confirms our commitment to delivering the highest quality standards in customer service.
Email average response time
INSTA MARKETS has one of the fastest response times within the industry, with an average email response time of 27 minutes.
Customer satisfaction
In its latest survey overall experience with INSTA MARKETS was described as good or excellent by 9 out of 10 of its clients and 95% would recommend INSTA MARKETS
CLIENT PROTECTION
Advanced protection to ensure your trading is secured
Balance protection
We protect all of our clients from a negative account balance.
Your funds are securely held in segregated client accounts.
Additional security
Additional insurance to protect you up to $1,000,000.
WHAT IS FOREX ?
The foreign exchange market, forex , is the largest and most liquid one in the world. Its average daily trading volume is approximately $5 trillion. This market is decentralized, meaning that there is no middle ground for currency exchange and thus trade is conducted over-the-counter (OTC).
Forex trading opens now for the individual retail clients: they are responsible for an estimated 30% of the daily FX volume.
The FX market is open 24/5 and prices are influenced by a range of economic and geopolitical factors, which in turn trigger quick price movements and increase market volatility.
On the forex market, the price of a national currency (for example, the US dollar) is a reflection of how the market perceives the current and future position of the national economy.
If positive news is published, currency quotes start to rise.
If you manage to open an fx trade (by clicking the buy button on the online platform) and wait until the price increases, you can make a profit, which will immediately display on your trading account. Close the trade and fix the income. In case the forecast was not right and the chart went down, your trade will be closed in the red and you can make a loss.
Open an online forex trading and CFD platform – for example, MT5 – right in the browser. The currency pairs that you could see there are displaying the value of one currency in units of another. It reflects the state of economies of the two countries in relation to each other.
The core of fx currency trading is the following: buying one currency (it’s first in the pair), you simultaneously sell another (second one). Just like the bank exchange office, here you buy euros on dollars (or other currencies). The rate at which you purchased the european currency is an example of the EUR/USD quotes.
To understand this, look the example below (how many US dollars euro costs): EUR/USD = 1.07407
The course of EUR/USD in forex trading shows that 1 EUR is equal to 1.07407 USD. This means that you need 1.07407 US dollars to buy 1 euro, or that you can get 1.07407 USD when you sell 1 EUR.
Euro, in this case, is the base currency (the price of which we want to determine), and the dollar is the counter currency (in which the price is expressed). Now you should always keep in mind that the base currency is the basis for buying or selling.
So, when you click buy, you open trade to buy EUR/USD; when you click close, you finish the trade (as if selling EUR/USD, but you really don’t need to do this). It turns out that each of your transactions is a link in an endless chain of purchases and sales. Someone has sold you and you have bought and closed the trade (sold the asset). Someone another has bought it at that moment - and so on.
We remind you that you simply join price changes as a speculator and do not physically acquire bundles of money.
MORE THAN JUST AN FX BROKER
Diversify your investment portfolio by trading cfds on more than just forex.
Here at INSTA MARKETS, we offer our clients trading on spot energies, such as brent, WTI and natural gas, which are considered to be the most important raw material resources on the planet.
Review the assets above and discover the possibility of new trading opportunities in the financial market.
Cfds on energies is a popular choice for short-term trading, especially when there is a surge in energy consumption, as during periods of active growth, demand increases. Prices are determined by global supply and demand for the physical product.
Often referred to as “black gold”, oil is usually denominated in U.S. Dollars (hence the term ‘petrodollar’), so a weak dollar will commonly cause oil prices to rise, as the price of the product is directly influenced by the value of the currency.
Oil-producing nations have a dramatic effect on the supply, and therefore the price, as they may withdraw or boost the physical quantity of barrels available in the market.
For example, since the mid-90s, the US imposed sanctions on iran have prevented iranian oil from entering the marketplace, widening the gap between supply and demand which results in higher prices. Another noteworthy event occurred in 2014 when a much lower demand from the EU and china caused a sharp decrease due to the excess supply.
For many years, the US government has been building up its oil reserves and should these be released to the market, or used domestically, energy prices may drop sharply as a result.
In the case of natgas, an alternative energy commodity to oil, historical analysis shows a general correlation between the two, considering that natural gas is often released during the oil drilling process, and they are commonly produced by the same companies or nations.
In conclusion, a multitude of economic factors can affect the price of energies, including inflation rates, political or military tensions in producing nations, natural disasters, production costs and of course, OPEC decisions.
The instagram forex traders scam – beware of instagram trading accounts
If you’ve spent any amount of time browsing through instagram then you’ll have no doubt come across those instagram forex trader accounts.
They’re typically run by young guys or girls who all suspiciously seem to own (and showcase) an audi R8 – and they all claim to have “easily” made millions through trading accounts online.
But on top of just showcasing the lifestyle, they’ve allegedly been able to achieve from forex trading they apparently want to let you in on it too… and they claim that if you sign up their program they’ll show you how you can also make millions from online trading too.
According to them, it’s easy, and according to them, anybody can do it – even if they’ve never traded before (which is an insanely bold claim).
But what’s the truth? Can you really make money with these instagram traders or is the whole thing just a scam? And if it is a scam, how are they actually making their money? Let’s take a look…
Instagram trader accounts – the concept
The way you’ll likely have come across one of these instagram trader accounts is via a promoted advertisement, which typically consists of an image of the account owner stood by, or doing something luxurious accompanied with a message like the one shown below:
Now the thing that makes this extremely suspicious is the fact that the post is a promoted post, which means the account owner is literally paying out real money to have that post displayed in front of you…
So the first question you have to ask is WHY is the account owner so desperate to “help you make money” that he/she is willing to pay for it?
I mean if the guy (or girl) in question was just selling training on how to trade & being open about it then fair enough – they’re running a business selling training, they’re advertising it & they’re making money from the people that are buying into the training… as long as the training’s good, everyone’s happy…
But that’s NOT what’s going on here…
This guy and the many other instagram traders like him are literally saying that you can just copy their trades – so how does he and the others make money from that if you’re not actually paying him anything?
Well, the truth is (as you’ll soon see) these so-called instagram traders are not actually doing any trading at all – instead they’re just faking it to trick you into signing up for a borderline scam so that they can earn some money at your expense.
And more often than not despite their profiles being jam-packed full of luxurious images many of these so-called millionaire traders are actually flat-out broke.
That was recently proven when an article published in the guardian revealed how one “millionaire” instagram trader named oyefeso who apparently owned multiple supercars found himself in court with the judge remarking “[you] portrayed yourself as a very successful trader within the financial market. Clearly this is not the case.” after he chose to run over a friend to whom he owed money instead of simply paying him back.
Free training:
How instagram “traders” really make money…
As mentioned above the majority of these so-called instagram traders are not actually doing any trading at all – and whilst some of them may indeed be doing a little bit of trading, that is not where the primary source of their income is coming from…
The primary source of their income is actually coming directly from the people they manage to sucker in to “copy their trades”…
You see these “traders” are essentially just affiliates of online brokerages like IQ option & this means that these brokerages are basically paying them commissions for getting new people to sign up & deposit.
Now in itself, there’s nothing really wrong with being an affiliate – providing it’s done legitimately. I myself am an affiliate & that’s how I make the majority of my own income online – and you too could become a successful affiliate with the help of a platform like commission academy…
But the problem here is that these “traders” are doing the whole affiliate thing illegitimately.
First of all, they’re not telling you that the way they actually make their money is by being an affiliate of the brokers and NOT by trading – so essentially they’re tricking you into signing up to the platform… and secondly what they’re not telling you is that most of the brokers these guys are affiliated with are borderline scams (some are even flat-out scams) and that you’ll be MUCH more likely to lose money than actually make it.
You see the brokers these instagram traders tend to affiliate themselves with are all often binary options brokers – and despite reviewing literally hundreds of different binary options brokers & systems I’ve never actually seen so much as ONE single person successfully manage to generate sustainable profits from binary options.
And out of the hundreds of brokers/systems, I reviewed it’s safe to say that around 99% were flat-out scams designed to purely steal money & the other 1% were “borderline scams” that did indeed pay out, but had the odds of winning massively stacked against you.
In fact, the whole thing is so bad that the US decided to completely ban binary options trading – and due to its insanely high risks, the UK had previously classified it as gambling rather than actual trading.
Forbes too even published an article warning about the dangers of options trading as shown below:
They’re preying on young adults with little financial knowledge & a burning desire for success
Most of the so-called instagram traders just so happen to be 18, 19, 20 or 21 years old… it’s very rare that you see many of them older than this & it’s exceptionally rare to see any above the age of 30…
The reason? Because most people 25+ are a little wiser when it comes to finance & they would be much more reluctant to jump so easily into something like trading as they’ll likely know that more often than not it’s losses as opposed to wins…
The truth is that nothing comes easy with trading – and those that do indeed make money from it often spend their entire days glued to their PC checking the markets… it’s not an easy game at all, and it’s a game where everything can also be lost just as easily as it can be gained.
Affiliate marketing (which is how these “traders” really make their money) is much more straight forward, there’s much less risk & it’s much easier to build up a sustainable source of income for the long term.
Therefore if done right affiliate marketing can be a MUCH better (and safer) way to make good money online – and if you’re interested in starting with it do be sure to check out the free platform wealthy affiliate where you can learn much more about it.
But yeah, basically these instagram traders are all young because the way they’re getting people to join their “scam” is by getting them to relate with them.
What 18, 19, 20-year old etc doesn’t want success? Who at that age wouldn’t love to have a supercar or a house paid off?
Most people of that age would love nothing more than an easy way to make a lot of money, and when they see an image in their instagram newsfeed of somebody the same age as them who’s allegedly done it they immediately become curious & want to find out more.
The next step they’ll likely take is to hit the follow button – they may be curious but at the same time they’ll still likely be sceptical.
However once that follow button has been hit the account owner will often immediately send a direct message to the user trying to encourage them to get on board.
“all you need to is £250 to get started”…
“just copy my trades, you can’t lose”…
Those are the types of things these instagram traders tell their unsuspecting “victims” & when the curiosity of the user overpowers the scepticism that’s when the problem arises. They sign up to the broker the “trader” recommended, they deposit the £250 as they’re told & from there they’re left to find out the hard way that the whole trading thing wasn’t so easy after all.
Sadly though even if they still have funds left within their trading account most of the brokers recommended by these so-called instagram traders are flat-out scams & one way or another they’ll refuse the withdrawal request.
Some, like IQ option, are “more legit” – but ultimately if you read my review on them you’ll see how the whole thing is dead set against you… and whilst they may pay-out, it doesn’t seem like anybody ever wins anything to actually get paid out!
Regardless though the instagram trader doesn’t care – he or she will simply block your account if you hit them up with any comeback because the second you made the deposit they already made their money from you. The broker will hand them a shockingly high commission for referring you (sometimes in excess of £200) & you’ll just be left to feel frustrated with no obvious way of getting your money back.
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Sometimes though the scam can be much worse
Losing £250 to an online scam sure as heck isn’t nice, but if you get caught out by the instagram trading scam & manage to get away with only losing £250 then you might want to actually consider yourself pretty “lucky” as some people have ended up being scammed out of tens of thousands of pounds.
Well upon depositing £250 to the brokers sometimes the broker will just see all your trades lose & have the scam over & done with – however other brokers can be much more cunning & can actually fake your profits to get you to deposit more.
This one story I previously published of what a binary options scam did to a single mum showed that rather than trading as she thought she was, she was essentially just playing a video game via the broker.
Her account wasn’t connected up to the markets at all & all of the profits/losses shown were being manipulated by the broker to make her think she was profiting. She was even assigned an “account manager” who regularly encouraged her to deposit more & more to see even bigger profits…
And it would be easy to get carried away with the deposits if you truly believe you are making so much money – but sadly when she came to make her withdrawal she was left to find out the hard way that she was not.
The whole thing had been a lie & tens of thousands of pounds later she was only then left to discover that she had actually been scammed.
So basically, in short, the brokers these instagram forex traders recommend are just set out to take as much cash from you as possible, and more often than not the instagram traders themselves are set out to get you to deposit as much as possible because they are often paid higher bonuses based on how much you deposit.
Ultimately it’s all bad news.
Don’t fall for the instagram trading scam
When it comes to this forex trading scam on instagram the saying “curiosity killed the cat” couldn’t be more relevant. That’s all these so-called “traders” are preying on – your curiosity, so they can trick you into depositing via a broker that’ll pay them a commission at your expense.
I mean sure these guys are very good at making it look like they are genuinely making money from trading but ultimately with social media, it is very easy to create an imaginary lifestyle & that’s all these guys are doing.
So the next time you see a so-called millionaire trader on instagram that wants to help you make money just give him (or her) a wide-berth & for any of your friends that get interested, just send them over to this post!
In fact, if you enjoyed this post or found it insightful into how the instagram trading scam actually works then do me a favour & share it on your social media anyway – let’s expose these guys once & for all & stop them taking advantage of other unsuspecting victims.
And if you’re still looking for ways to earn good money online legitimately, then check out my top picks right here.
A better alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is commission academy. In my own opinion, that's the best place to start.
At commission academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month. Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work. But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out commission academy first. You can learn more about it here.
Insta-trading.Com review – 5 things you should know about insta-trading.Com
Beware! Insta-trading.Com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Where do we start on the shady elements that plague insta-trading.Com? Let’s start with the more obvious structure of the site. The logo is on the high left corner of the page, the navigation bar is concentrated more on the right high corner, and other design tropes that many unregulated brokers share. What about the problematic operational address, or vague regulatory information? It’s all there, as the following review will disclose. As always, we urge users to read through it before depositing, even before registering, because shady brokerages can easily take advantage of any personal user data.
The process by which one registers bears resemblance to that of hundred of brokers before it. And by resemblance, we mean to say that it’s the same thing. The leading trading software, which acts as a home page to the trader’s area, is also painfully familiar. There we find a 4 pips spread for the EUR/USD pair, which is far from the 1.5 pips average cost of trade. The 1:200 leverage was unchangeable. Trading instruments include the following: forex currency pairs, indices, commodities, bonds, cryptocurrencies, etds, and stocks.
The website is available in english and spanish, yet even with english as the main language, many of the texts are still in spanish. This is yet another clear indication that the broker is not to be entirely trusted.
INSTA-TRADING.COM REGULATION AND SAFETY OF FUNDS
The broker is owned and operated by trasilion EOOD, a company registered in bulgaria. Everything in the legal documents confirms that the company is in fact operating for this small east european nation.
Bulgaria is a member state of the EU, and as such, all legitimate forex business in the country have to follow the guidelines set by the european securities and markets authority (ESMA), including a negative balance protection, a maximum retail leverage cap at 1:30, and segregation of user accounts. The responsible agency that regulates the local FX brokers is called the financial supervision commission. Like most overseers, it too has a database of regulated brokers. Safe to say that insta-trading.Com is not found there.
If you are in need of more proof that the broker is not worthy of your trust, look no further than the official cysec warning.
As it turns out insta-trading.Com is NOT REGULATED, a fact that should hardly surprise anyone.
Be certain that investments in unregulated brokers are almost always lost, never to be seen by the user. Always check for a license before continuing to the next step. Ideally, the FCA or cysec regulated brokers are the most trustworthy. Under these agencies, brokers are scrutinized every month and are required to follow some of the most rigorous rules in the industry. These include, but are not limited to, segregated bank accounts for all users. Both the FCA and cysec offer to all their brokers, who in turn cover their clientele, compensation funds: cysec guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.
INSTA-TRADING.COM TRADING SOFTWARE
The available trading terminal is one that we have seen numerous times used by unregulated brokers. It’s one of the most notable signs that the broker at hand is unlicensed. For those that are new to the forex world, this trader uses a smart tactic of relying on visuals to lure in inexperienced traders.
The tactic is utilized because the platform just does not come with a lot to do. These are the only noteworthy features: pending order, chart customization option, live news fee, live TV, and price alerts. These might seem like a handful, but today’s FX broker and trader are used to so much more.
INSTA-TRADING.COM DEPOSIT/WITHDRAW METHODS AND FEES
As always, we try to take as much payment information as possible from the user area.
The depositing section in the client portal reveals that the minimum deposit is $250. The payment methods are debit card, credit card, and wire transfer.
The withdrawal methods are credit cars, wire transfers, and a bitcoin wallet that we did not bother to check. Aside from what we just revealed, the withdrawal section is useless. All withdrawals are issued a 3.5% charge. In case the percentage equals to $50 or below, the user will be charged $30 instead. There is also a monthly maintenance fee of 0.5%. Last but not least, withdrawals are processed within 5 days.
We cannot find any reason to deposit in insta-trading.Com. All your investments will be at risk!
How does the scam work?
The most popular scam that we will cover today is used by 95% of all illegal brokerages, and other fraudsters. It revolves around soliciting users into depositing, with some room for improvisation. Most users who fall for these sooner or later realize it.
Such scams work the following way: users find certain ads online intriguing and click on them. The theme of these ads revolves around the perfect care-free life, living of investments and trades. Very alluring stuff indeed. Those that succumb to the temptation of this illusory lifestyle are redirected to a website, either the broker’s or an intermediary one (called robo-site), where they will be asked to give away their basic contact details. Through these, the scammers will start calling or sending emails to any potential investors. Conversations between users and fraudsters are usually dominated by the scammer whose only job is to initiate the first deposit.
Depositing for the first time will bring around the expert scammer, or the so-called account managers, whose sole purpose is to drain you out of all your money. They will relentlessly call, demand, and notify you of opportunities until users deposit further or realize they are being scammed.
Withdrawing from this position is almost impossible. The broker will throw at you everything it has got, its only purpose being to deny your request. Some of the most popular approaches are stalling, denying a request, closing an account, blocking an account, or shutting down the entire website.
What to do if scammed?
A chargeback is the first step towards recovery. Filing for a chargeback is easiest with your credit or debit card provider. What’s more, is that mastercard and VISA have extended their chargeback period to 540 days.
Investments lost to the scam initially made through a bank transfer should stimulate users to change their bank password and account users’ names ASAP. The next step is to contact their bank and ask them for further instructions.
Avoid crypto deposits at all costs! These are most of the time untraceable and there is no way to get your money back.
On a final note, do not trust any of the recovery agents. In exchange for a fee, these agents will promise to refund all your lost investments. However, once you pay them they will disappear, which leaves the user an even bigger loss.
Instaforex review
Regulated by: cysec, BVI, FSC
Headquarters: russian federation
Ranking: 9
Spread: 0.3 pips (EURUSD)
Leverage: 1000:1
Minimum deposit: $1
Instaforex review & author's comment
Instaforex is founded in 2007, headquartered in russia and regulated by cysec in cyprus and FSC in british virgin islands. My experience with instaforex dates back to 2011. I came across with this broker upon my research for a new broker after the firm I used to trade with lost their FCA license and my loyalty still continues. I still have an active trading account with instaforex where I trade occasionally.
Instaforex is among very few forex brokers that offer all ECN, swap-free, nano and managed account types in one place for traders. Customer care team is really attentive and speak many languages. You are going to get only 0.3 pips spread on EURUSD if you open a eurica account which is remarkably low. Last but not least, negative balance protection ensures that you are not going to owe to the broker more than you deposited. A very good broker in every respect.
Is instaforex reliable?
A russia-based ECN brokerage company, the instaforex has been active in the forex market since the year 2007. Operated by two different companies, one of the companies administering instaforex is registered offshore whereas the other one was is registered in europe and is regulated by the cyprus securities and exchange commission or cysec.
One of the things that make instaforex really proud is the fact that more than 2 million traders across the globe use their platform to trade. Most importantly, the clients of the brokerage are increasing at the rate of 1000 new account openings every day. The brokerage allows you to trade on different products. It offers you 88 cfds on US stocks, 107 currency pairs, bitcoin through metaquotes platform as well as different futures and commodities.
It is not hard to imagine how hugely popular instaforex is among its customers. Due to the extraordinary service this company offers, it has been awarded the prestigious best broker in asia award by the world finance and british magazine for three consecutive years. Other than that the broker has also won several significant awards and accolades from different mass media giants like CNBC business magazine and european CEO. Famous for its achievements, the milestones achieved by instaforex are continuously exhibited in several popular exhibitions like showfx world and showfx asia.
Instaforex account types
With instaforex, you will be able to get a choice of four different account types. The account types can be divided into two major categories; the first being standard type and the second is named as eurica. All of these account types are easily accessible with just a deposit of $1 and they provide leverage up to 1:1000. Furthermore, these account types come with the cent and micro account options and offer an annual interest rate of 5%.
The standard accounts are obviously commission free and they offer fixed spread. However, the eurica ones offer you to trade without spread which is really unheard of. But with the eurica accounts, you will have to pay a certain amount similar to 3 pips a spread as commission.
Moreover, instaforex also provides swap free or islamic services. You will also get the PAMM service which allows you to invest in portfolios that render investment services. PAMM service allows instaforex clients to invest in portfolio managers’ accounts and to accept investments from other instaforex traders’ accounts.
Instaforex customer support
Instaforex is known for providing one of the best customer support in online forex trading industry. You will be able to get the required help through email or telephone 24/7 throughout the year. Furthermore, you can also reach out to them through chat from 7:00 to 16:00 UTC. The best thing about instaforex is that it offers different from telephone numbers for different departments. As a result, you will be able to reach the respective department you are looking for without having to wait.
Instaforex trading platform
One of the most interesting things about instaforex is that it offers you both metatrader 4 as well as the advanced metatrader 5 trading platforms.
Metatrader 4 is a widely acclaimed trading platform which offers a variety of trading tools, more than 50 inbuilt indicators, an efficient charting package and a plethora of expert advisors or eas as well as back-testing options. With this platform, traders only need to download it, set their expert advisors and the MT4 will do all the work for them.
Instaforex also offers VPS hosting to ensure the smooth functioning of eas. Furthermore, the VPS can be obtained for free by traders having an account balance of 5000 USD.
The broker also offers you the highly advanced as well as versatile metatrader 5 platform. The MT5 platform has been gaining huge popularity lately as the platform recently added efficient hedging options along with several other features. With the MT5 platform, you will be able to execute several orders in different financial markets and exchanges without any hassle. The platform also comes with advanced eas, charting packages, alerts, customizable indicators and signals.
Apart from that, this brokerage also provides you with forex copy system. This feature allows you to copy orders from successful traders. Every trader who uses the forex copy system may follow the trading strategies by selecting respected traders from a publicly available monitoring list to achieve success.A forex copy trader allowing others to copy the trade will get commissions on either per day basis or on the profit obtained from the trade. If you choose the latter one then you will have to only pay for the profit that you obtain from the trade.
Instaforex deposit and withdrawals
While instaforex allows you to use different payment options, it makes it mandatory for you to use the method that you have used for depositing to withdraw money. The payment can be made using credit cards, bank wire, instaforex debit card, skrill, moneybookers, neteller and a plethora of other options. But there are few payment options which may charge some fees on transactions. You can also use bitcoins to invest money without any transaction cost.
Instaforex bonus and promotions
- LFC partnership bonus 100% – you get 100% bonus on your first deposit. This is bonus cant be used concurrently with other types of bonuses. 100% bonus is credited to your account instantly after you complete the application.
- Welcome bonus 55% – this bonus works each time you make deposit into your account. 55% bonus is credited to your account instantly after you complete the application.
- Welcome bonus – $30 bonus is credited to your account instantly after you complete the application.
- Instaforex club bonus – additional bonuses for members of instaforex club. This type of bonus can be used with other types of bonuses.
Instaforex final word
Instaforex has become a popular name in the industry with the extraordinary services that it offers. And the brokerage continues to amaze traders by adopting new technologies and features into its system to allow the traders to achieve success from their trades. Though it is not bound by any huge regulation, it still offers maximum security and options which make instaforex a worthy choice.
Instaforex – step by step live account opening guide
Just like most of the other forex brokers, opening a live trading account with instaforex starts with going to the broker’s web site. At homepage, click the “instant account opening” button at the header. Following the click, the registration form will appear.
Step 1 – fill the registration form
This is a very quick form that requests your basic personal information such as your first name, last name, e-mail address, phone number and country. Press the green “open trading account” button after you filled the form properly.
Instaforex broker review
Reviewer : justin freeman
Published: 12th august, 2020.
Broker information
Platform info
- Platform: MT4
- Web based: no
- Mobile trading: no
Broker services
Open free
demo account
Expert summary
The company provides a wide range of services to its customers, which covers everything from the moment of opening an account to the moment of withdrawal of earned funds.
Instaforex has gained a leading position in the field of such services. This is entirely due to the fact that the company offers favourable trading conditions and a wide selection of trading instruments.
The total number of trading instruments exceeds 300 pieces. Instaforex, like all other brokers, provides access to the most popular metaquotes software (MT4).
It should be added that traders are given leverage. The leverage is from 1: 1 to 1: 1000. You can conduct the trading process, both with commissions and without.
The company systematically updates the available financial instruments. Clients who work with instaforex were among the first to work with bitcoin and one of the first to offer the opportunity to trade cfds in global companies.
Today, the company offers not only brokerage services in the forex and binary options market, but also other features:
• professional training for beginners and experienced traders who wish to develop.
• forexcopy accounts
• PAMM accounts
• free trading terminals with a convenient user interface
According to the ideology of the company, all the activities of the company are based on improving trading conditions and creating comfort for all customers. However, there are many dissatisfactions of former and current customers online. According to the instaforex website, the broker received a number of awards for the best broker. However, the list of praises and praises of the website about instaforex services and the attention paid to their customers contrasts significantly with the many forum posts about the poor service they actually provide.
The company also offers a $ 200 welcome bonus for new customers. Many online posters say they either didn’t receive this bonus or claim that the company used it in fraud.
Instaforex website contains non-native english text. Despite the attractive appearance, the english text on the instaforex website is clearly not native with obvious grammatical errors. For example, this is one of the first lines that attracts your attention on the site:
“instaforex trading conditions are universal tools for managing funds in the forex market.”
Although this linguistic flaw is admittedly unlikely to have a big impact on your forex trading, this is the red flag of a forex scam for a company. Essentially, if a company can afford to pay for a trendy website, at least they can make the text on it written in proper english.
At first glance, if you can handle bad english, the website seems like a legitimate forex broker, even claiming to be the “best broker in asia.” nevertheless, even this statement is worrying, because the verb “break” in the terminology of the forex market implies the action of manipulating the two sides in the trade.
Free demo account
Broker summary
The instaforex website consists of a comprehensive site with a wide variety of features for a forex broker and gives a quite impressive initial visual appearance.
The website has extensive pull down menus for all types of forex participants from beginners to seasoned traders, and it has an area for partners where you can register as a referral partner with the company. They offer four different partnership arrangements such as an introducing broker or a “trade-partner” where you recommend instaforex to your friends and family.
The website gives the overall impression of a foreign, yet professional, forex brokerage that provides many incentives for new traders to join up. One such incentive is the opportunity to win a lotus elise sports car and a cash bonus when opening a new account.
Also, the trading platform offered is apparently “the most dynamically developing trading platform based on metatrader 4 terminal.” in addition, the mobile version for windows mobile and multiterminal are offered by the broker.
Broker introduction
According to the instaforex website, the broker has garnered a number of awards for best broker.
Established in 2007, instaforex is the registered trademark of the instaforex group. The multi-asset, multi-regulated CFD broker is headquartered in mesa geitonia, cyprus and has more than 260 representative offices globally. Instaforex offers around 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.
The subsidiaries include instant trading ltd, instant trading EU ltd, instavestor ltd, insta service ltd, and insta global ltd. The regulators include cysec, the british virgin islands financial services commission, and the central bank of russia. The firm provides services to global clients from its offshore-registered firm in saint vincent and the grenadines.
Spreads & leverage
You are able to sign up to the forex broker instaforex with a deposit as small as $1.
Instaforex meets the standards and needs for traders of any kind. As for those who like to afford to take risks, so for conservative traders who prefer not to take risks. For example, a company offers trading using leverage from 1: 1 to 1: 1000.
Also, to meet the different needs of its customers, instaforex gives them the opportunity to choose the type of their account.
Traders can open an account without a commission with classic spreads, accounts with a commission instead of spreads, cent accounts, segregated accounts or islamic accounts. Regardless of the type of your trader, instaforex has favourable conditions for trading.
Cent account
Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission
Standard accounts
Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission
ECN accounts
The minimum deposit is $ 100 (for a standard account) and $ 1,000 (for a professional account)
The average floating spread is 1.2 pips (for a standard account) and 0.8 pips (for a professional account)
Scalping account:
1.2 pips average floating spread
Instaforex boasts multiple resources and has won several awards in client services. Instaforex offers around 300 CFD instruments which includes: forex, shares, indices, metals, gas, cryptocurrencies and oil. As a client of instaforex, you are able to trade in futures and binary options.
Additionally, instaforex offers both metatrader 4 and 5 platforms, and these are available across web, desktop and mobile applications.
Open your account today
Platforms & tools
As mentioned above, as a trader with instaforex, you are able to use both metatrader 4 and 5 platforms, which are available across web, desktop and mobile applications.
In addition to metatrader 4 and 5, you are able to use IFXBIT and instatick. Metatrader and IFXBIT are predominantly used for CFD trading, where as instatick can be used for traders that want to bet on binary options.
The use of metatrader 4 is a user-friendly experience with an easy-to-use interface that is accessible in 39 languages.
MT4 supports all browsers, including: windows, macos, as well as iphone and android devices.
Instatick is the binary options trading platform on instaforex, and claims to have won over 40 international awards. You are able to sign up and deposit funds in three currencies, which are: USD, EUR and RUB. With a clear interface and accessible in ten languages, it’s an easy tool to use.
Trading tools that the company offers for its traders:
- Over 100 currency pairs
- Over 80 popular US stocks
- Gold and silver trading
- Futures CFD
- Options and binary options
Commissions & fees
Instaforex charges the following fees:
A copy-trading fee – these are for traders that copy the strategies of professionals. This includes a commission of 0.5 pip per lot on ALL copy trades.
A swap fee – this is for holding overnight positions in any of the financial instruments on the instaforex site.
Instaforex charges a commissions of 0.03%-0.07% on the insta eurica and cent eurica accounts, while the other two accounts available with instaforex carry zero commissions.
Like all online brokers, instaforex receives most of its income from spreads, which remain elevated in all comparisons and vary depending on the specific account that the client has.
As already mentioned above, the platform offers two different types of accounts: standard and eurica. The main difference between these accounts is as follows: standard accounts use fixed spreads starting at 2 points, while eurica accounts use fixed commissions starting at 0.02%.
EU customers have other types of accounts, such as ECN, ECN pro and scalping, which are supported by a floating spread of 0.8 or 1.2 pips.
Novice traders are advised to take commissions rather than spreads to ensure efficient trading due to little experience in the financial market.
As mentioned above, commission brokers are relatively elevated. The average spread in the ECN pro account starts at 0.8 pips, while the insta. The standard account comes with fixed spreads ranging from 2.0 to 7.0 pips, the rest of the accounts are listed at 1.2 pips.
Education
Instaforex does NOT have a separate education section on its website, which is most unusual for a broker. However, this does not mean that there’s no resources for traders trading with instaforex.
All you need to do to find educational an analytical resources is look under the ‘for beginners’ and ‘for traders’ sections.
We recommend that beginners can find all of the information required under the ‘for beginners’ section and if you are an experienced trader looking for something more advanced, we recommend you look under the ‘for traders; section.
Beginner traders can get free courses to test their trading strategies. And as soon as a client opens an account and deposits real funds, a possibility is given to subscribe to the newsletter of analytical news and trading signals, which was prepared by experienced traders of the company, who spent a lot of time analysing the market.
The company also offers access to the economic calendar to study market events on their website. Moreover, the client can use the trading simulator and see repetitions of his transactions.
The client can use the latest online trading technologies to access information resources and news. This is why thousands of beginners and professional traders use instaforex.
Free demo account
Customer service
You are able to content instaforex via livechat, email and callback request. Unusually, instaforex does not provide a telephone number for individuals and clients to call, except for those that have registered in europe.
Additionally, you can contact instaforex through viber, telegram, whatsapp, facebook messenger and skype.
Final thoughts
In conclusion, we find instaforex an accessible and easy-to-use broker. Instaforex operates in several countries with numerous licences and has millions of customers using its world-class trading platforms.
There is an abundance of educational resources on the site, and the account opening process is simple and easy to navigate. Individuals registering with instaforex in europe can be sure that the safety of their funds are secure, however, the same cannot be said for international clients.
Unfortunately, the trading costs are very high, and the helpdesk system could be better. Instaforex gives you the opportunity to participate in partnership programmes, as well as contests and campaigns, so this can be seen as a bonus.
In addition, the old line of “if it is too good to be true, it probably is” comes to mind when considering the alluring instaforex “welcome bonus”, in addition to the supposed opportunity to win a pretty sports car.
However, we consider instaforex to be a reliable broker, and one that provides excellent trading conditions.
Instaforex broker review
Instaforex is a russian ECN-broker with more than one decade of experience in the foreign exchange market. They serve over 7 million clients with close to 1500 clients opening new accounts every day.
The broker is regulated by the russian association of financial markets and provides clients with a platform to participate in global markets. Clients can trade stocks, commodities, forex, cfds, cryptocurrencies, and indices. In total, the broker offers more than 107 currency pairs and 88 cfds.
Award winning broker
Instaforex has been awarded the world finance awards for several years in a row. It has also expanded its operations to other parts of the world including the asian region. Here is a quick review of the broker.
Accounts
The broker provides trading accounts for new and experienced traders. Beginners can access a demo account which contains virtual funds to enable the user to develop trading skills without risking real money. While the trading account features are similar to that of a real account, the profit and loss are virtual.
Experienced traders can choose a number of accounts including.
Micro account
It requires a minimum deposit of $1 and has a leverage of up to 1:1000. A higher leverage allows traders to place a larger position.
Instastandard account
It requires a minimum deposit of $1000.
While the account does not offer any commission, the spread averages between 3-7 pips. This account can be used by both new and experienced traders.Additionally, traders can access almost every instrument in the marketplace. Another upside of this account is that you can change the leverage and deposit any amount that suits your budget.
Instaeurica account
This account does not use spread on trades. It’s suitable for beginners who don’t have to worry about the spread as both the bid and the ask price are same.
Cent account
This account is suitable for beginners as they require a minimum trading volume. Traders can take a trade with 0.0001 lots to harness their trading skills. Apart from getting the least deal size, you can trade with close to zero risk.
Opening an account
Opening a trading account with instaforex is straightforward. Just provide your details on the personal area including your name, telephone number, and email address. The broker will ask you to submit documents like ID or utility bills that show your place of residence.
Once you submit your documents, the verification is done within 24 hours. You’ll receive an email when your account is verified. After that, you can fund your account. These details protect your account from the potential risk of hackers.
Opening an account with instaforex gives clients full protection in the technical and financial aspect. This is one of the few brokers that allow clients to open a segregated account with complete security of clients’ capital.
Account security system
With instaforex, you don’t have to worry about the security of your funds.
This is one feature both new and experienced traders look at. To keep all your information secure, you need to activate the SMS password feature. Every time there is a change of password on the personal area or the trading account, a verification code is sent to your phone.When your mobile number is linked to your trading account, you receive guaranteed security from unauthorized account access. The same applies when making a withdrawal. With this system, you are guaranteed that your funds cannot be accessed without your knowledge.
Instaforex also uses two-factor authentication to safeguard their clients’ personal information. This type of security allows for higher security of accounts compared to a single word password. You can enable this option by visiting the client cabinet. The system will also come up with a personal identification number generated by google authenticator.
That’s not all; every client is protected from wiretapping the traffic. The broker also uses high-level encoding and SSL technology to ensure that the passwords are safe. If a client is unable to access the trading account automatically, the personal manager remains bound to the account until the issue is resolved.
“highly recommended forex broker”
Trading platforms
The broker offers MT4, MT5, and multiterminal software platform from meta-quotes software corporation. They are designed to cater to the needs of every trader. The developer offers the platforms for mobile, desktop, and web. They have all the tools you need to monitor the financial instruments.
However, every trading platform has something different. While MT4 is the most popular feature, MT5 offers
additional tools and features. Using the metatrader platform, you can employ a great variety of trading strategies including trading signals and expert advisors.This explains why traders use them to create accounts on a daily basis. Likewise, the multiterminal platform is designed for traders who want to manage accounts for different clients. You can download the trading software from google play store for android and IOS versions.
Using the platform, traders can use the indicators that suit their trading strategy. You can also set the take profit and stop loss. Both MT4 and MT5 platforms can be accessed anywhere and from any device. Once you install the applications, you can trade cdfs, stocks, currencies, metals, and commodities while on the go.
Instaforex also offers unique trading systems. If you have a live account, you can use copy trading and PAMM. When these systems are used well, they give high profits. For traders who have no experience and want to make profits, they can take advantage of the signal follower and PAMM investor.
With copy trading, you can just copy what successful traders are doing and then apply on your trading account. Forex copy system copies other trades automatically allowing you to focus on your trading.
Payment methods
The broker provides multiple methods of deposits and withdraws including bank wire, skrill, neteller, bitcoin, paysec, unionpay, webmoney, debit cards, and credit cards.
When using bank wire as a deposit method, the transaction is processed within 2-4 business days. Apart from bank wire, the other methods allow for instant deposits/withdraws. To ensure the security of your funds, the method used to deposit must be the same with that of withdrawal.
Trading servers
With more than 7 million clients in their portfolio, instaforex has more than 10 fully-pledged servers. All of them share traffic with intermediary servers in different parts of the world. Traders can access their trading platform using a high-grade connection.
In case there is an intermediary data center overload, the client is automatically switched to the other data center. The technical support is provided by best american companies. According to the broker, the servers reach clients from any part of the world in less than 0.2 seconds.
Research and education
To harness your trading skills, the broker offers third-party research tools.
Special attention is given to beginners to help them succeed. Some of the tools offered for free include video tutorials, video interviews, and webinars. New traders can get free courses to test their trading strategies. And once you open an account and credit with real funds, you can subscribe for analytics newsletter and trading signals.
The analysis is prepared by professional analysts who have spent many hours studying the market. This information provides a summary of calculations and formulas for practical use. Traders can choose the type of analysis they want and receive right in their email.
You can also access the forex calendar to study the market events on their website. Better still, you can take advantage of a trading simulator and watch replays of your trades. To put it simply, the broker offers real-time feedback on your profitability.
You can also use the latest online trading technologies to access informational resources and news. This is why thousands of novice and professional traders use instaforex.
“highly recommended forex broker”
Instaforex bonus programs
The broker offers clients a wide range of instaforex welcome bonus. They differ in terms of their ultimate size and their use in trading. On the first deposit, clients are offered a 100% bonus. The same amount is credited to your account instantly. This gives traders an opportunity to trade large lot size and can withdraw the profits without any restrictions.
Instaforex also gives 30% bonus to instaforex card holders. The amount of bonus will depend on the amount you’ve deposited. This type of bonus can go as high as 40%. Another famous bonus is 55%. It’s awarded before your account gets a margin call.
Every trader qualifies for this offer irrespective of how much they have lost in the previous trades. Plus they can make larger deals in forex. Clients can get all the information on the bonus that suits them best depending on their trading strategy.
Affiliates
Once you open a live account, you’re given a unique affiliate link. By introducing your friends to the broker, you get a commission for every trade they open. Clients under referral get 1.5 pips commission. In indonesia, there are hundreds of clients who have been successful in the affiliate program.
Customer service
The broker has thousands of representatives worldwide who render reliable and professional assistance to clients
every day. Unlike other forex brokers, instaforex provides support services (24/7) that resonate with asian and european markets.If you have problems with withdraws you can be guaranteed that your issue will be addressed immediately. Most brokers don’t offer customer service on weekends and public holidays. You can either write an email or contact them via live chat or phone.
The phone numbers are dedicated to specific departments to make the customer service as smooth as possible. Plus, they offer different languages to cater to clients all over the world. Before you contact the customer service team, you can visit the FAQ section to see whether your issue is addressed.
Here, you’ll get all the information regarding the forexcopy system, affiliate program, trading terms, trading servers, account verification, deposits/withdrawals, and general questions. You can use the search buttons to find the relevant information. Based on consumer demands, the list of sections is updated regularly.
Campaigns and contests
Irrespective of your trading experience, you can participate in contests held by instaforex. Participants are given a chance to prove their trading experience and are awarded real prizes. Apart from the annual prize pool of more than $500,000, traders can win brand-new devices, premium car or unforgettable trip.
What is more exciting is that the broker allows both novice and experienced traders to participate in these contests. This is a great opportunity to test your skills without risking real money. The trading contests on live accounts allow traders to sharpen their skills and develop a profitable trading strategy.
Because these contests are held for days or months, you can always find one that suits you most. When you visit the website, you’ll find out the completed contests and the active ones. You can also go through the rules and the list of registered participants.
The current contest is a lamborghini huracan. By making use of the opportunities provided by the broker, you can make your dream come true by winning the italian car.
Why choose instaforex 300+ trading instruments
Instaforex offers more than 300 trading instruments including currency pairs, futures, spot instruments, indices, cfds, gold, silver, bitcoin, and other instruments. Leverage depending on the strategy you use, you can choose the best leverage to use from 1:1 to 1:1000.
When you’re more conservative, you can go for a moderate leverage. By choosing leverage and adjusting it to suit your trading conditions you develop good money management. The accounts also allow hedging and scalping. To see your profits sour, you should make use of this trading mechanism.Swap free
By choosing the swap free feature, you can be free from rollover interest for all positions you hold overnight if you’re a position trader. A free swap account is designed for traders who want to use their trading systems without adjusting to swaps.
By enabling the swap-free option, all trading conditions remain the same.
Cryptocurrency trading
The broker gives innovative tools and up-to-date analytics to trade cryptocurrencies. The website has a section dedicated to the main events of the cryptocurrency world.
Deposit bonuses from 30% to 100%
For every deposit, clients receive a decent surprise. The bonus allows you to trade a larger lot size without getting a margin call.
Large clientele base
Every trader wants to invest with a broker without the fear of losing funds. With more than 7 million clients in their portfolio, you can be assured instaforex will help you meet your investment decisions.
Deposits and withdrawal
Instaforex gives the best conditions for deposit and withdrawals. The broker guarantees the security of your funds regardless of the method you go for.
Summary
Instaforex provides clients with the highest grade of services. Traders can access a wide range of instruments, fast execution of orders, great bonuses, cutting-edge technologies, and unmatched customer service.
This is the go-to forex broker as their account types suit both new and experienced traders.
Regardless of the trading volume, you can achieve new heights of currency trading.
So, let's see, what we have: is instaforex a good forex broker? Read real reviews, by traders, for traders? Add your rating to the largest forex review database by forex peace army? At insta forex broker
Contents of the article
- Instaforex review
- Instant trading EU ltd
- Also instaforex.Eu
- Top forex bonuses
- Broker details
- Live discussion
- Video
- Traders reviews
- Frequently asked questions
- Is instaforex a good and legitimate company?
- Can I withdraw an instaforex bonus?
- Is instaforex regulated?
- Instaforex
- Review
- Introduction
- Trading conditions
- Products
- Regulation
- Platforms
- Mobile trading
- Pricing
- Deposits & withdrawals
- Customer support
- Research & education
- Noteworthy points
- Conclusion
- Comparison
- Instaforex
- Account types:
- Reviews
- Submit your review
- TRADE TRUSTFULLY
- ✓ no commission on funding and withdrawals !
- ✓ trade more than 100 instruments (micro-lots...
- ✓ fast execution & deep liquidity
- ✓ advanced trading infrastructure & competitive...
- ✓ our MT4 platform is designed for an efficient...
- ✓ trade FX , metals , shares, indices , energies...
- ✓ leverage up to 1:1000 and competitive spreads
- Invest in #UK100 (FTSE100), EURUSD , gold and...
- Market overview
- Multiple funding and withdrawal options
- Tight spreads and no commission
- 24HR AWARD-WINNING SUPPORT
- Email average response time
- Customer satisfaction
- CLIENT PROTECTION
- Advanced protection to ensure your trading is...
- WHAT IS FOREX ?
- MORE THAN JUST AN FX BROKER
- The instagram forex traders scam – beware of...
- Instagram trader accounts – the concept
- How instagram “traders” really make...
- Sometimes though the scam can be much worse
- Don’t fall for the instagram trading scam
- A better alternative
- Insta-trading.Com review – 5 things you should...
- Beware! Insta-trading.Com is an offshore broker!...
- RECOMMENDED FOREX BROKERS
- INSTA-TRADING.COM REGULATION AND SAFETY OF FUNDS
- INSTA-TRADING.COM TRADING SOFTWARE
- INSTA-TRADING.COM DEPOSIT/WITHDRAW METHODS AND...
- How does the scam work?
- What to do if scammed?
- Instaforex review
- Regulated by: cysec, BVI, FSC
- Headquarters: russian federation
- Ranking: 9
- Spread: 0.3 pips (EURUSD)
- Leverage: 1000:1
- Minimum deposit: $1
- Instaforex review & author's comment
- Is instaforex reliable?
- Instaforex account types
- Instaforex customer support
- Instaforex trading platform
- Instaforex deposit and withdrawals
- Instaforex bonus and promotions
- Instaforex final word
- Instaforex – step by step live account opening...
- Instaforex broker review
- Expert summary
- Broker summary
- Broker introduction
- Spreads & leverage
- Platforms & tools
- Commissions & fees
- Education
- Customer service
- Final thoughts
- Instaforex broker review
- Award winning broker
- Accounts
- Experienced traders can choose a number of...
- Micro account
- Instastandard account
- Instaeurica account
- Cent account
- Opening an account
- Account security system
- Trading platforms
- Payment methods
- Trading servers
- Research and education
- Instaforex bonus programs
- Affiliates
- Customer service
- Campaigns and contests
- Why choose instaforex 300+ trading instruments
- Swap free
- Cryptocurrency trading
- Deposit bonuses from 30% to 100%
- Large clientele base
- Deposits and withdrawal
- Summary
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