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The WikiFX Score of this broker is reduced because of too many complaints!

InstaForex

Saint Vincent and the Grenadines|5-10 years|
High potential risk|

https://www.instaforex.com/

Website

Rating Index

Influence

Influence

AA

Influence index NO.1

Ukraine 7.49

Surpassed 11.95% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@mail.instaforex.com
https://www.instaforex.com/
https://www.facebook.com/instaforex
https://twitter.com/ifx_support
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Contact number

Other ways of contact

Broker Information

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Company Name

Instant Trading Ltd

Abbreviation

InstaForex

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook
YouTube
WhatsApp

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-10-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The The Virgin IslandsFSC regulation (license number: SIBA/L/14/1082) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The The Virgin Islands FSC regulation with license number: SIBA/L/14/1082 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

InstaForex · WikiFX Survey

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InstaForex · Company Summary

Note: InstaForexs official site - https://www.instaforex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Regulation Suspicious clone
Market Instrument Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, cryptocurrencies
Account Type Cent. Eurica, Cent. Standard, Insta. Standard, and Insta. Eurica
Demo Account N/A
Maximum Leverage 1:1000
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4, MT5
Minimum Deposit $1
Deposit & Withdrawal Method bank cards, bank wire transfers, PayCo, AstroPay, cryptocurrency

InstaForex brand is a registered trademark of InstaFintech Group. Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082; Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945; Insta Global Ltd. registered in Saint Vincent, IBC24321. Services are provided under the InstaForex brand which is a registered trademark.

General Information & Regulation

Note: The screenshot date is February 1, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

InstaForex offers investors a wide range of investment products, including Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, and cryptocurrencies.

Account Types

InstaForex offers investors quite four trading accounts, namely Cent. Eurica, Cent. Standard, Insta. Standard, and Insta. Eurica. The minimum initial deposit set by this broker is also relatively lenient, only requiring $1 to open a live account.

Leverage

In terms of trading leverage, InstaForex offers a dynamic leverage level for its traders. The maximum leverage level offered by this broker is up to 1:1000, which is considered high. Therefore, it is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Insta Standard accounts come with a spread of 3 pips on EURUSD, 3 pips on GBPUSD, 3 pips on USDJPY, 8 pips on Apple stock, with 0.1% commission, 80 pips on spot gold, and 40 pips on spot silver.

Insta Eurica Accounts have a spread of 0 pips on EURUSD, 0 pips on GBPUSD, and 0 pips on USDJPY. The trading commission is 3 pips, Apple stock spread at 8 pips, with 0.1% commission, spot gold spread at 80 pips, and spot silver spread at 40 pips.

For the MT5 account, the spot gold spread is 60 pips, and the spot silver spread is 40 pips. Moreover, InstaForex offers a series of deposit bonuses ranging from 30%, 40%, 55%, to 100%.

Trading Platform

InstaForex offers traders the world's leading MT4, MT4 Mobile, MT4 PC, MT5, MT5 Mobile, and MT5 PC to meet a wide range of user needs. MT4 is the gold standard of forex trading platforms with 9 schedules, a large number of technical analysis tools, online financial news, supporting automated trading, one-click trading, and the ability to develop suitable trading strategies for different levels of traders. MT5 is the latest version of MT4, with 21 timeframes and support for the MQL5 programming language.

Deposit & Withdrawal

InstaForex welcomes deposit and withdrawal of funds to and from your investment account via bank cards, wire transfers, Southeast Asian bank transfers, PayCo, AstroPay, South African online transfers, cryptocurrency payments, as well as local transfers from China, Indonesia, and Malaysia.

Customer Support

The InstaForex customer support team is available 24/5 and clients are served either from the principal office in Cyprus or from the representative office in Slovakia. Support is available via e-mail:support@mail.instaforex.com, and a callback option, live chat, Skype, Twitter, Facebook, YouTube, Messenger, Viber, WhatsApp, and Telegram.

Pros & Cons

Pros Cons
• Multiple trading assets, account types and funding options • Suspicious clone
• Low minimum deposit ($1) • Website unavailable
• MT4 and MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is InstaForex regulated?
A 1: No. It has been verified that InstaForex holds a suspicious clone British Virgin Islands Financial Services Commission (FSC) license.
Q 2: Does InstaForex offer the industry-standard MT4 & MT5?
A 2: Yes. Both MT4 and MT5 are supportable.
Q 3: What is the minimum deposit for InstaForex
A 3: The minimum initial deposit with InstaForex is $1.
Q 4: Is InstaForex a good broker for beginners?
A 4: No. InstaForex is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation.

News

Instaforex Review: Looks Like Legit, But Beware

ExposureInstaforex Review: Looks Like Legit, But Beware

2024-07-31 15:23

InstaForex appears legitimate but raises red flags with its unregulated status and scam allegations—exercise caution before investing.

WikiFX
2024-07-31 15:23
Exposure
Instaforex Review: Looks Like Legit, But Beware
WIKIFX REPORT: InstaForex: international broker with 15 years of experience in financial markets

NewsWIKIFX REPORT: InstaForex: international broker with 15 years of experience in financial markets

2022-06-15 14:08

InstaForex is now commemorating its 15th birthday. The worldwide broker and MetaQuotes Software, a pioneer in online trading software, struck a collaboration agreement soon after the latter company was founded in 2007.

WikiFX
2022-06-15 14:08
News
WIKIFX REPORT: InstaForex: international broker with 15 years of experience in financial markets
WIKIFX REPORT: InstaForex releases global update of its mobile app

NewsWIKIFX REPORT: InstaForex releases global update of its mobile app

2022-06-15 14:06

International broker InstaForex upgraded its mobile app and made it available on Google Play in late April. The application has been improved and made more useful by the InstaFintech Group professional development team.

WikiFX
2022-06-15 14:06
News
WIKIFX REPORT: InstaForex releases global update of its mobile app
How to Get Forex Bonus for Free at InstaForex Bonus

NewsHow to Get Forex Bonus for Free at InstaForex Bonus

2022-02-22 18:37

Firstly to get a bonus on any platform, you have to register and then verify. In particular, Forex Exchanges request personal data of users such as passport, place of residence, telephone number and e-mail address. This is important to ensure that when the exchange withdraws, it assures itself that you are doing it. That way, there’s less risk of fraud taking the money.

WikiFX
2022-02-22 18:37
News
How to Get Forex Bonus for Free at InstaForex Bonus

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