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About WikiFX
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Rating
/10
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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Retail Forex License
FSC Suspicious Clone
Company Name:
Instant Trading LtdCompany Abbreviation:
InstaForexPlace of registration:
Saint Vincent and the Grenadines
Regulatory Status:
Suspicious CloneCustomer Service Email Address:
clients@instaforex.comCustomer Service Phone Number:
--Company summary
Warning: Low score, please stay away!
Previous Detection: 2021.09.27 Risk: 4 Item
Exhibition Area
Survey
MT4/5
Website
Genealogy
Clones
Keywords
Time Machine
Score
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External Chain Summary
Language
I've tried many times to withdraw but failed in view of the fact that I have to verify the bank card. I uploaded the card many times. until today they can't verify my bank card
FXSCSejg7245
2020/11/10
South Africa
They gave me a bonus of $1,000 but I can't witdhraw or deposit.
FXSUVbvu7199
2020/10/25
Colombia
Margin is a lie, and the money in your account will be gone.
FXEJDmdc1746
2020/08/28
Argentina
My fund 1500 was gone.
FXJKIlgn3603
2020/08/10
Colombia
I was guide from a livechat support to open an MT5 account where i didnt need the verification ( i already have the MT4 account fully spproved). I opened my account and i made a 200$ deposit for my surprise WAS ANOTHER MT4 ACCOUNT WHICH WAS NEED A VERIFICATION. WELL I SENT ALL THE DOCUMENTS ABOUT 6 TIMES BETWEEN EMAIL AND UPLOADS ON THEIR WEB SITE. I DONT HAVE MY MONEY UNTIL NOW. NOT IN THE INSTAFOREX CABINET, NOT ON MY SKRILL, THEY KEEPING ASKING FOR VERIFICATIONS AND THIS AND THAT WHEN I ALREADY HAVE SENT 6 TIMES PLUS HAVING AS WELL ANOTHER MT4 ALL AND FULLY APPROVED. SCAM COMPANY, DONT GO THERE FOR ANY REASON.ALSO THE SUPPORT IS SH*T. DONT HELP, ALWAYS SAYNG SEND AN EMAIL TO THIS DEPARTMENT TO SOLVE THE PROBLEM AND HEN YOU SEND THEY WILL SAY IM GOING TO FOWARD TO THE RIGHT DEPARTMENT. LOOOOOOOOLLL OMG SCAM SCAM SCAAAAAAAMMMMMMMM
MrTrader
2020/07/23
Brazil
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
The Virgin Islands
Regulatory License No.：
SIBA/L/14/1082Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
forexmart Category 2监管页截图 View Certified Documents InstaForex监管信息20191025 View Certified Documents forexmart Category 1 A监管截图 View Certified Documents forexmart Category 1 B监管截图 View Certified Documents
Identification Result
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WIKI Research
2021.09.28 updated
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Basic Information & Regulators of InstaForex
Since 2007, InstaForex has been providing its clients with constant access to the Forex market. Over the years, InstaForex has constantly been recruiting professionals in the online trading industry to provide its clients with the most innovative and personalized exclusive customer support. To date, more than 3 million customers worldwide have chosen InstaForex. The official InstaForex website does not show any valid regulatory information.
Safety Analysis of InstaForex
InstaForex is currently an unregulated forex broker, which means that the safety of clients' funds and trading activities are not effectively protected. Investors should stay away from InstaForex.
Market Instruments of InstaForex
Instaforex offers investors a wide range of investment products, mainly Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, cryptocurrencies.
Accounts & Leverage of InstaForex
Instaforex offers investors three different trading accounts, namely Insta Standard Accounts, Insta Eurica Accounts, and MT5 Accounts.
Spreads & Commissions of InstaForex
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 Available of InstaForex
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 and withdrawal of InstaForex
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.
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx001@163.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（HK）+00852 54200870
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License or other information error correction, please send the information to:qawikifx@163.com;
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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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