|Suspicious Clone
WikiFX Score
Saint Vincent and the Grenadines
Comparison
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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clients@instaforex.com
https://www.facebook.com/instaforex
https://twitter.com/InstaForex
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VPS Standard
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
Company Name
Instant Trading Ltd
Phone of the company
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Company website
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Customer Service Email Address
clients@instaforex.com
Company address
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Pyramid scheme complaint
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It has been verified that this broker currently has no valid regulatory, 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!
pl
they said that if I have $500 I can withdraw but after I have that one they have closed the account
Saidu Ali
2021/10/9 11:54:52
Nigeria
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The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:
Suspicious CloneLicense Type:
Retail Forex LicenseRegulated in Country/Area
Regulatory License No.：
SIBA/L/14/1082
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General Information & Regulation
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 InstaForex brand which is a registered trademark.
Market Instruments of InstaForex
Instaforex offers investors a wide range of investment products, including Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, cryptocurrencies.
Minimum Deposit
Instaforex offers investors quite a few trading accounts. The minimum initial deposit set by this broker is also relatively lenient, only requiring $1 to open a live account.
InstaForex Leverage
In terms of trading leverage, Insta forex offers the 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, 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 supports 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, phone and a callback option, live chat, Skype, Facebook Messenger, Viber, WhatsApp, and Telegram.
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You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
Official Email：wikifx001@163.com；
Dealer complaints and reports, question consultation feedback WeChat:fxeye005, fxeye003
License or other information error correction, please send the information to:qawikifx@163.com;
Cooperation:kfwikifx@163.com
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
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