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InstaForex (BVI)

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5.9
(171 Reviews)

Founded: 2007 Min Deposit: 1 USD

Headquarters: Moscow, Russia Max Lev: 1 : 1000

Risk Level I

The Malaysia BNM Issued a Warning Against InstaForex-(BVI) Malaysia.

Score
Business Scope
7.8
Trading Cost
6.3
Trading Platforms
6.4
Support
6.4
Licence Status

hold an offshore license from BVI FSC

BVI FSC SIBA/L/14/1082
SVG FSA IBC24321
Authorised
Registered
Multilingual Support
Quick Response
Fast Order Execution
High Leverage
Offshore License
Multiple Trading Instruments
Multiple Account types
Islamic Account
Low Minimum Deposit
Bonus
Amin
2023-01-06
So far so good!! I started trading with the broker since last summer and I make profit continually. I did 12 withdrawals until now,every time I received within 6 hours. There were not any delay for this period.Five stars!!!
mohammed shafi
2023-01-11
Do not sign up!!You will not get a bonus!!!
Michal
2023-01-14
I have traded with Instaforex for about two years.Their platform is stable and reliable.I am also satisfied with their dependable customer support team.The broker provides education to their clients. Their tutorials and materials are really helpful to beginners.
Manoj Mulani
2022-11-16
Reasonable spreads and fast withdrawal!
Lewis
2022-11-23
It takes so long to get a response! I want to claim a bonus but I cannot connect with them.Its On-line help / support is NOT available 24 hours a day on week days. Even does not respond to either closing or opening with trades.

Deposit and Withdrawal

6.0

Average

low deposit fee

Features

Low Minimum Deposit

See more

Company and Service

7.6

Good

Multi-language and fast customer support

Features

Multilingual Support
Quick Response
Profile
Headquarters Address
119019, Moscow, UL. New Arbat street, 21 (Business Centre), 10 floor, Suite, Moscow, 119019, Russia
Founded 2007
Broker Type
ECN
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
MT5
Windows,  iOS,  Android
Contact
No Data
Others
Website Language
Belarusian,  Bengali,  Bulgarian,  Chinese(Simplified),  Czech,  Dutch,  English,  French,  German,  Greek,  Hindi,  Indonesian,  Italian,  Kazakh,  Malay,  Polish,  Portuguese,  Romanian,  Russian,  Serbian,  Slovak,  Spanish,  Thai,  Ukrainian,  Urdu,  Uzbek,  Vietnamese
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  Youtube,  Skype,  Telegram,  WhatsApp,  Viber
Supported Language
Belarusian,  Bengali,  Bulgarian,  Chinese(Simplified),  Czech,  Dutch,  English,  French,  German,  Hindi,  Indonesian,  Italian,  Kazakh,  Malay,  Polish,  Portuguese,  Romanian,  Russian,  Serbian,  Slovak,  Spanish,  Thai,  Ukrainian,  Urdu,  Uzbek,  Vietnamese

Related Complaints

Q&A Complaints

Overall Score

5.9
171 Reviews

Cost 6.3

Platforms 6.4

Deposit & Withdrawal 6.0

Customer Support 6.4

Indicates the average level of Brokers

Keywords for selection
Good/Professional Customer Support Fixed Spreads Reliable & Reputable Fast Deposit/Withdrawal Fast Execution Promotions / Bonus Do Not Recommend

171 Reviews

Kamal el Batrawi
Not used yet Cyprus
What is the minimum deposit amount?
2023-02-10
3
Reply
Jerric
7-12 months Insta.Standard Account China
Perfect for me!!I am a full-time scalper,Instaforex's fixed spread is so profitable for me. Its mobile platform allows me trade instantly from anywhere and analyze my trades. Their specialist offers free signal to me, I have earned $500 and withdrawal within 24 hours.
2023-02-08
3
Reply
Juan Condel
1-3 years Float.Pro Account Saudi Arabia
I would recommed Instaforex's PAMM service if you have no experience in forex,because here risk is very low and you have chance to make stable profit.
2023-01-21
3
Reply
LeoNam
1-3 years Nigeria
Please all traders intending to open an account with this broker should have a quick change of mind. They are the biggest scam broker i have ever come across. First, they are not ECN! They are fraudulent market makers! I have an EA that trades new releases. The EA was doing well and I gave copies to some of my friends who trade on instaforex too; but on small account - less than $200 precisely. When my account started growing very well, instaforex started cancelling my successful trades. They will quote one useless clause on their agreement, sometimes they say you are fradulent and the antifraud department will investigate your trade. I wonder when news trading became fraudulent. The most amazing thing is that I take identical trades with the friends I gave the EA and we make the same amount of loss/profit in pips, but they dont cancel their successful trades like they cancel mine, just because they trade small accounts. The cancellation of successful trades became more rampant when I added the account to their pamm system.Apart from successful trade cancellation, they tweak their platform, their fixed spread is not fixed as they appear. They increase it without you knowing. I have experienced a slippage of over 30pips! On one occassion, I was trading Australia cash rate and the trade was going my way. I had already secured some pips waiting for it to hit my target. Their dealing desk people just closed the trade! I was watching the platform, the current price was about 10pips or more from my secured profit price. They closed it because they knew it was going to hit my target. That was not all, later in the day, they cancelled it. My question is do they cancel unsuccessful trades and return back your money to your account? Never! An ECN that allows a minimum deposit of less than a dollar - that should send the signal. They are fraudulent and not true ECN. I don't blame them, the body regulating them is weak. If you need sincere brokers, go for NFA, CFTC and FSA regulated brokers. Anything outside these, you are going to give your money away to fraudsters like instaforex. I will never stop telling retail traders on review site to stay away from instaforex. I went through hell while trading with them and I don't wish anybody to experience that. People want to trade to earn a living not to be ripped off the little money they have.
2024-07-15
1
Reply
Samuel Kwadwo Acquaah
7-12 months Cent.Standard Account New Zealand
Its Customer support is very impressive,they always reply to my mails and answer both technical question and general queries with care and thoughtfulness.
2023-02-01
1
Reply
Ambresh Singh
7-12 months Insta.Standard Account Poland
Unlike other brokers I have traded with, Instaforex does not have hidden charges. It offers its own Prepaid Debit Card,all the payment processors of this broker are very reliable. They also give bonuses for postings.
2023-01-31
1
Reply
fazli
7-12 months Cent.Standard Account Vietnam
Good broker,Good Quality and Quick Support Response.I Like This Broker.
2023-01-25
1
Reply
Mohammad
7-12 months Float.Standart Account Kuwait
Instaforex has a great trading platform,with a full range of market indicators and charting tools,as well as straightforward interface.
2023-01-24
1
Reply
Michal
1-3 years Insta.Standard Account Greece
I have traded with Instaforex for about two years.Their platform is stable and reliable.I am also satisfied with their dependable customer support team.The broker provides education to their clients. Their tutorials and materials are really helpful to beginners.
2023-01-14
1
Reply
mohammed shafi
0-6 months Insta.Standard Account Nigeria
Do not sign up!!You will not get a bonus!!!
2023-01-11
1
Reply

1-10 of 171 comments

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