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Score

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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|
Suspicious Regulatory License|MT4/5 full license|Global Business|High potential risk|

https://www.instaforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

InstaForex-UK.com

Germany
MT4
11

Influence

AA

Influence index NO.1

Ukraine 7.49
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

11
Server Name
InstaForex-UK.com MT4
Server Location Germany

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

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
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
InstaForex
Tradovate
Kraken

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
InstaForex
Blackwell Global
Kraken

Broker Information

More

Company Name

Instant Trading Ltd

Company 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

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-03-29
  • 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!

WikiFX Verification

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    Sources

    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

    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
    Borussia Dortmund and InstaForex extend partnership!

    NewsBorussia Dortmund and InstaForex extend partnership!

    2021-12-14 15:00

    We are pleased to share the great news with you! Legendary German football club Borussia Dortmund and InstaForex have prolonged their partnership for 2 more years!

    WikiFX
    2021-12-14 15:00
    News
    Borussia Dortmund and InstaForex extend partnership!
    From now on, InstaVerify available also for iOS!

    NewsFrom now on, InstaVerify available also for iOS!

    2021-12-11 22:11

    InstaForex has made it easier for clients to open a new account and verify personal data. From now on, InstaVerify mobile app is available also for iOS gadgets. Earlier, the Android InstaVerify version used to be the only option which has been already used by thousands of new InstaForex clients.

    WikiFX
    2021-12-11 22:11
    News
    From now on, InstaVerify available also for iOS!

    User Reviews

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    User comment

    8

    Comments

    Write a review

    Tuntas
    more than one year
    There have been concerning instances where I suspect cloning of trades, leading to significant losses on my part. Moreover, when seeking clarification and assistance from customer service, I found their responses to be evasive and unhelpful.
    2024-03-08 12:16
    Reply
    0
    0
    Caren
    more than one year
    I don’t believe insta is still paying or even pays at all, I wish the can return my money, I was restricted for no reason, I contacted their support and submitted my informations but they didn’t allow me into my account, I now made $9,500 weekly from benarmstrong-trades. com and they allow me withdraw that’s was why I stop using instaForex. One other thing I noticed about instaforex is they are very nice to beginners until you make deposit. 😡😡
    2023-03-06 22:38
    Reply
    0
    2
    FX1280283942
    more than one year
    I never thought I was scammed by a fake InstaForex. They froze my trading account after I made a deposit. Right then, I suddenly remembered that I may mix legit and fake brokers. After checking its regulation details, it is too late to know I was right.
    2023-02-23 09:23
    Reply
    0
    0
    孙秀香
    more than one year
    Saint Vincent and the Grenadines is a very dangerous place in my opinion. Many foreign exchange companies are registered there, but we don't know which country their real offices are.
    2023-02-16 10:12
    Reply
    0
    0
    Mark29352
    more than one year
    For a week, I have been troubled by the fact that I can't withdraw money. I have submitted numerous withdrawal applications, but the system keeps prompting me that the withdrawal failed. I have followed the same method as they said to deposit and withdraw, but it still doesn't work. I don't know what went wrong. I’m going crazy already.
    2022-11-25 16:34
    Reply
    0
    0
    FX1059301772
    more than one year
    Instaforex, return my money! It is getting to a month you have not credited the deposit I made you to you. Just return my money! Nobody does business this way and survives, you manipulate spreads, asked for extra fees, you are killing your company. I have nothing to say, please give my money.
    2022-11-25 14:06
    Reply
    0
    0
    王彦博
    more than one year
    instaforex is horrible, he cheated a lot of people out of their money. It claims to be an FSC regulated company, but in reality it is not, and is not fully qualified to run a forex trading website. Can anyone help me get my money back? ?
    2022-11-21 18:05
    Reply
    0
    0
    janan&janan
    more than one year
    my money come to esipaisa
    2022-11-08 08:04
    Reply
    1
    0
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