Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.

Instaforex group


Price: $1 minimum instaforex was founded in 2007 by instaforex group and since then it has rapidly grown into an international trading platform.

Top forex bonus promo


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Forex trading scams: is instaforex group a scam?


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


In this instaforex group review, we will take a look at the facts to determine if this company is indeed a scam.


There are so many forex trading scams out there, it’s hard to count them all.


And it when one goes under, another one appears.


Forex trading is one way to make money from the internet, but unfortunately, the scammers have invaded the industry as well.


It’s easy to avoid these scams because they all have the same red-flags.


One group that has been making the headlines lately is instaforex group and it has been flagged a scam by several news outlets.


If you have found yourself wondering if this is a legitimate program, continue reading this review!


Instaforex group review


Product name: instaforex/instaforex group


Product type: forex trading


Country of operations: russia


Price: $1 minimum


Best for: those good with high risk online investments that are looking to build passive income online.


Rating: 40/100


Summary: forex trading lures a lot of people looking for the fast track to online wealth and income. While instaforex is one of the few forex trading platforms that we’ve reviewed that seems somewhat legit, it has it’s issues. Namely complaints of delayed withdrawals and customer service.


Recommended: no


If you’re looking into instaforex group for the money making opportunity, you should check out my top recommended training instead. It has all the tools, training and support you need to build a successful online business. Plus 10 free classes to get started!


What is instaforex group?


Instaforex was founded in 2007 by instaforex group and since then it has rapidly grown into an international trading platform.


The website offers a wide range of services and appears to be a legitimate trading platform, similar to well-known forex trading companies.


There’s also the option to create a demo account to practice trading with, and familiarize yourself with the user interface.


In 2009, the world finance magazine called instaforex the “best broker in asia”, a title that is proudly displayed on their website.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


It’s also important to mention that this company is based in russia and most of the employees are russian.


Additionally, a lot of the english content on the website is poorly translated.


It seems like this trading company is popular in asia, but it has a poor reputation in other countries.


There are also numerous websites and articles out there that claim instaforex is a scam.


But maybe everyone just isn’t using the platform properly?


Is instaforex group a scam?


By far the most common complaint about this company is regarding withdrawals.


There are numerous reports from customers who have attempted to withdraw funds only to have their request ignored or delayed.


See, instaforex offers a $200 bonus for all new traders.


Very few new traders actually receive this bonus.


Most traders will sign-up to receive this bonus, and then use it to make a few trades, only to discover that their account has been canceled.


According to online reports, this problem happens quite often.


And if you do happen to earn some cash, withdrawing it is a hassle.


Most traders will have to chase down the company and pressure them to send the funds, or they’ll have to contact specific people within the company to green-light the transaction.


It’s no secret that this company has a lot of negative reviews surrounding it.


But does that mean it’s a scam?


In most cases, when it’s easier to find negative reviews about a product online, than it is to find positive reviews, that’s a good sign to avoid the product.


In the case of instaforex group, some countries have even added it to a list of known online scams.



But can you make money?


Instaforex undoubtedly has a lot of issues, but people can still use the platform to open and close trades.


Contrary to what you might think, the platform does work, and some people do use it to make cash.


It’s not one of those hit and run scams that will encourage you to sign-up and deposit funds only to have your funds disappear.


This does not mean I’m defending the company, but I believe people should know the truth.


It does work.


But it’s not nearly the best forex trader out there, and it does have a lot of flaws.


Does that mean it’s a total scam?


Not necessarily… but it doesn’t mean it’s a good company either!


There’s also an affiliate program that you can participate in.


Instaforex group review employees:


When researching the company, I came across a page of company employees.


Not surprisingly, all the employees have classic russian names that, when entered into google, deliver a wide range of results.


For instance, andrey abram, the second person on the executive board list, could be a number of different people.


There’s a result for a boxer, a doctor, a russian athlete, a photographer, an artist, and many others.


But nothing that matches the bio of the guy who works at instaforex.


Similar results can be found for pretty much everyone on team.


I think that’s interesting!


And it makes me think the people on this list are using common russian names to avoid using their real names.


When someone doesn’t want to use their real name, its usually a sign of something fishy!


At least they’re not paid actors like some forex trading scams use!


Forget sketchy binary trading scams:


Forex trading scams – high risk for online income seekers


Many people who are new to online business end up believing that forex trading is the best way to make money online.


The truth is that forex trading is a very risky way to make money online and even experienced traders lose cash quite often.


And it also requires a large initial investment.


For instance, most companies require a minimum deposit of $250 to activate the account.


But it can be fun for people who appreciate the risk and have the money to invest.


I need to stress the point that it is risky and there’s always a chance that you can lose all your earnings.


If you do want to get involved with forex trading avoid all companies that have negative reviews and focus on the legitimate companies.


Conclusion on instaforex group


To summarize this instaforex group review, the company does have quite a few issues, and it’s not licensed.


But it does process withdrawals, and it does have a trading platform that is relatively accurate.


Therefore, I conclude that the company is not a scam.


But it’s also not a product that I can recommend.


The company has a suspicious history and there are quite a few red-flags on the website, not to mention the numerous complaints filed against the business.


I suggest that readers avoid this company and focus on more reputable forex traders such as etoro or similar platforms.


Alternatively, learning how to build a website is another route you can take to earn cash online.


Need help making money online?


Thanks for taking the time to read our instaforex group review!


We hope you have learned a bit about forex trading scams.



Security with instaforex


After opening an account with instaforex company, a client receives full protection in financial and technical aspect. Moreover, most of the technologies used by instaforex company have a bank's level of protection.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


If you are making use of the following services, you are not only protecting your trading account from hackers' attacks, but also provide an extra security which terminates any possible risks of hacking your trading account. Each type of protection is easy to use and it will not be a problem even for a novice. Nevertheless, each of them is effective as to alone provide a 100%-guarantee of the funds security on the trader's account. Meanwhile, all the clients of the company have a right to operate them together making their account fully and even excessively protected.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


SMS security - the bank level of security


Get your mobile number bound to your trading account in client cabinet and receive the guaranteed security from unauthorized withdrawals of your funds by hackers. Thus, every withdrawal will initiate the process of sending the SMS code to verify; here, you are protecting your account from malicious withdrawal as well as getting an immediate information about a withdrawal attempt on your mobile phone.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Logs of the client cabinet access


This is a wider statistics of logging in to your client cabinet, which comprises the history of all logins and a complete detalization of each IP - address used for logging in your cabinet. This information contains the provider and its location to the accuracy of the street, as well as the geographical co-ordinates of a provider. And there is a very comfortable option of viewing right on the map the location of every listed in the history IP-address. So, due to the system of logging the IP-addresses used for authorization in cabinet, a client is always able to learn about the attack of his account just before the attempt of withdrawal.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Security of withdrawal to unverified requisites


Did you deposit your account with a help of a payment system or a bank account? Your requisites instantly become verified and a withdrawal from the account, even in case it has been hacked, is impossible to other requisites. Still, if the cheaters are able to get an access to your account and deposit it in order to verify their requisites for the account, they will not be able to withdraw more than deposited from those requisites. Thus, even only after depositing your account, you are guaranteed from withdrawals to different from those used during the depositing process requisites. At present, the finance service of the international online forex broker instaforex company is one of the best and reliable among all other forex brokers, providing the safest level of security for its clients. Inevitably, such high protection is not made for inconvenience of the clients: if one needs to change the requisites after having lost the access to the former purse, it is as easy as filling in the standard form F1 for changing the requisites and attaching the ID scan.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Two-factor authentication


Instaforex aims to provide the highest level of protection of client's personal information. That is why the company designed the two-factor authentication system which ensures higher security of accounts compared with a single password.
You can enable the option through client cabinet. In addition to the password, the system will require a personal identification number (PIN) generated by google authenticator. Details


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


HTTPS/SSL secure technology


Every client of instaforex international broker is protected from wiretapping the traffic with a purpose of stealing the passwords through the modern technology of a high - level encoding, which is acknowledged by one of the largest provider SSL - certificates - verisign. Being in client or partner area or depositing/withdrawing funds, you can be sure that your passwords are safe thanks to coding every symbol of the transmitted information which consequently cannot be stolen by the intruders


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Entering the password via virtual keyboard


For the clients who are using for logging in their accounts the computers in internet-cafes or in other insecure places a virtual keyboard is accessible, which protects from reading of the entered symbols via software. Different size of the keyboard, small or big, gives a chose to a client between the comfort and spying the password entering.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Personal manager


Every client who has faced a problem of getting an access to a trading account automatically receives a personal manager who is monitoring the solving of the problem. After the issue has been solved, a personal manager remains bound to the client account in order to supervise the situation in future.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Segregated accounts


Instaforex company is one of few companies which provides its clients with the service of opening a segregated account with a complete security of the clients' capital from the risks connected with any force-majeure in the company's activity. In other words, the term segregated accounts means keeping the money of the client separately from the company's funds. The owner of a segregated account in instaforex company can store 70% of his deposit on his bank account or on the account of a reliable person. Nevertheless, he has a possibility to make operations with a complete sum of his deposit until it is enough for the margin.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Anti-phishing: instaforex recommendations to clients


Phishing attacks are one of the most widespread crimes in the global network. Every day hundreds of large companies across the world as well as their clients undergo the phishing attacks of different levels. Instaforex recommends the basic rules for its clients, following which it will be possible to secure the funds and trading from the scam of third parties.




Instaforex is a registered brand and trademark.


Instaforex is a worldwide brand which is presented in many countries.With regards to european union, instant trading EU ltd operates instaforex brand with its website instaforex.Eu. It is regulated by the cyprus securities and exchange commission (cysec). Other companies may operate instaforex in their jurisdiction using other websites.


From this point of view, instaforex is presented as a group of companies united under the brand “instaforex”.


As a member of instaforex brand, instant trading EU ltd acts in accordance with the law L. 87(I)/2017 which provides for the investment services, the exercise of investment activities, the operation of regulated markets and other related matters; markets in financial instruments directive 2014/65/EU (mifid II); markets in financial instruments regulation 600/2014 (mifir); prevention and suppression of money laundering and terrorist financing laws, as well as other regulations, directives, circulars, guidelines, decisions issued, from time to time, by the cysec and any other relevant regulatory authority.


Instant trading EU LTD provides the following services:
- CFD trading with the vast list of instruments: forex, indices, stocks, futures, commodities.
- portfolio management
- investment research and financial analysis
you can become our customer and start trading as an retail and professional trader acting as either individual or legal entity initiating trades on your own.
The full list of the services and products provided by instaforex is here on the website.


What we do not do?
We do not provide investment advice to our clients to buy or sell particular CFD. The content of the website should not be construed as an offer or solicitation to sell or buy. We accept no liability for any losses suffered as a result of investment advice received elsewhere.


Instaforex may, from time to time and at its discretion, publish news, market commentary, market analysis and other information of that kind on the website. This information is provided solely to enable the clients to make their own investment decisions and does not amount to investment advice or unsolicited financial promotions. We give no representation, warranty or guarantee as to the accuracy, correctness or completeness of such information or as to the tax or legal consequences of any related transaction;


The website may provide content, services and/or links to other companies or co-branded websites, controlled and offered exclusively by those companies or co-branded websites, which are provided only as a convenience to the clients. Any such information is being forwarded to the clients without limitation, amendments and without going through any method of processing, analysis and editing on behalf of instant trading EU ltd. This information should not be construed as containing investment advice or recommendation of the instant trading EU ltd. We neither explicitly nor implicitly endorse or approve any products, content, information or services offered by any other companies or co-branded websites. We do not guarantee the accuracy, suitability, completeness or practicality of such information and/or services. Information and/or services provided by other companies or co-branded websites are made available for information purposes only. We bear no responsibility for any damage or losses that you might suffer as a result of using other companies or co-branded websites information, services and/or software, including but not limited to the damages incurred through a website and/or software that is maliciously corrupted or contains viruses.


All the information on the website in no way should be considered as public offer or any kind of an agreement. In order to receive services of instant trading EU ltd and use its products, all potential clients should agree to the terms and conditions first.


The copyright and other intellectual property rights regarding the content of the website belong to instant trading EU ltd.



Instaforex broker review


Reviewer : justin freeman


Published: 12th august, 2020.


Broker information


Platform info



  • Platform: MT4

  • Web based: no

  • Mobile trading: no


Broker services


Open free
demo account


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Expert summary


The company provides a wide range of services to its customers, which covers everything from the moment of opening an account to the moment of withdrawal of earned funds.


Instaforex has gained a leading position in the field of such services. This is entirely due to the fact that the company offers favourable trading conditions and a wide selection of trading instruments.
The total number of trading instruments exceeds 300 pieces. Instaforex, like all other brokers, provides access to the most popular metaquotes software (MT4).


It should be added that traders are given leverage. The leverage is from 1: 1 to 1: 1000. You can conduct the trading process, both with commissions and without.


The company systematically updates the available financial instruments. Clients who work with instaforex were among the first to work with bitcoin and one of the first to offer the opportunity to trade cfds in global companies.


Today, the company offers not only brokerage services in the forex and binary options market, but also other features:


• professional training for beginners and experienced traders who wish to develop.
• forexcopy accounts
• PAMM accounts
• free trading terminals with a convenient user interface


According to the ideology of the company, all the activities of the company are based on improving trading conditions and creating comfort for all customers. However, there are many dissatisfactions of former and current customers online. According to the instaforex website, the broker received a number of awards for the best broker. However, the list of praises and praises of the website about instaforex services and the attention paid to their customers contrasts significantly with the many forum posts about the poor service they actually provide.


The company also offers a $ 200 welcome bonus for new customers. Many online posters say they either didn’t receive this bonus or claim that the company used it in fraud.


Instaforex website contains non-native english text. Despite the attractive appearance, the english text on the instaforex website is clearly not native with obvious grammatical errors. For example, this is one of the first lines that attracts your attention on the site:


“instaforex trading conditions are universal tools for managing funds in the forex market.”


Although this linguistic flaw is admittedly unlikely to have a big impact on your forex trading, this is the red flag of a forex scam for a company. Essentially, if a company can afford to pay for a trendy website, at least they can make the text on it written in proper english.


At first glance, if you can handle bad english, the website seems like a legitimate forex broker, even claiming to be the “best broker in asia.” nevertheless, even this statement is worrying, because the verb “break” in the terminology of the forex market implies the action of manipulating the two sides in the trade.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Free demo account

Broker summary


The instaforex website consists of a comprehensive site with a wide variety of features for a forex broker and gives a quite impressive initial visual appearance.


The website has extensive pull down menus for all types of forex participants from beginners to seasoned traders, and it has an area for partners where you can register as a referral partner with the company. They offer four different partnership arrangements such as an introducing broker or a “trade-partner” where you recommend instaforex to your friends and family.


The website gives the overall impression of a foreign, yet professional, forex brokerage that provides many incentives for new traders to join up. One such incentive is the opportunity to win a lotus elise sports car and a cash bonus when opening a new account.


Also, the trading platform offered is apparently “the most dynamically developing trading platform based on metatrader 4 terminal.” in addition, the mobile version for windows mobile and multiterminal are offered by the broker.


Broker introduction


According to the instaforex website, the broker has garnered a number of awards for best broker.


Established in 2007, instaforex is the registered trademark of the instaforex group. The multi-asset, multi-regulated CFD broker is headquartered in mesa geitonia, cyprus and has more than 260 representative offices globally. Instaforex offers around 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


The subsidiaries include instant trading ltd, instant trading EU ltd, instavestor ltd, insta service ltd, and insta global ltd. The regulators include cysec, the british virgin islands financial services commission, and the central bank of russia. The firm provides services to global clients from its offshore-registered firm in saint vincent and the grenadines.


Spreads & leverage


You are able to sign up to the forex broker instaforex with a deposit as small as $1.


Instaforex meets the standards and needs for traders of any kind. As for those who like to afford to take risks, so for conservative traders who prefer not to take risks. For example, a company offers trading using leverage from 1: 1 to 1: 1000.


Also, to meet the different needs of its customers, instaforex gives them the opportunity to choose the type of their account.


Traders can open an account without a commission with classic spreads, accounts with a commission instead of spreads, cent accounts, segregated accounts or islamic accounts. Regardless of the type of your trader, instaforex has favourable conditions for trading.


Cent account


Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission


Standard accounts


Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission


ECN accounts


The minimum deposit is $ 100 (for a standard account) and $ 1,000 (for a professional account)


The average floating spread is 1.2 pips (for a standard account) and 0.8 pips (for a professional account)


Scalping account:


1.2 pips average floating spread


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Instaforex boasts multiple resources and has won several awards in client services. Instaforex offers around 300 CFD instruments which includes: forex, shares, indices, metals, gas, cryptocurrencies and oil. As a client of instaforex, you are able to trade in futures and binary options.


Additionally, instaforex offers both metatrader 4 and 5 platforms, and these are available across web, desktop and mobile applications.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Open your account today

Platforms & tools


As mentioned above, as a trader with instaforex, you are able to use both metatrader 4 and 5 platforms, which are available across web, desktop and mobile applications.


In addition to metatrader 4 and 5, you are able to use IFXBIT and instatick. Metatrader and IFXBIT are predominantly used for CFD trading, where as instatick can be used for traders that want to bet on binary options.


The use of metatrader 4 is a user-friendly experience with an easy-to-use interface that is accessible in 39 languages.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


MT4 supports all browsers, including: windows, macos, as well as iphone and android devices.


Instatick is the binary options trading platform on instaforex, and claims to have won over 40 international awards. You are able to sign up and deposit funds in three currencies, which are: USD, EUR and RUB. With a clear interface and accessible in ten languages, it’s an easy tool to use.


Trading tools that the company offers for its traders:



  • Over 100 currency pairs

  • Over 80 popular US stocks

  • Gold and silver trading

  • Futures CFD

  • Options and binary options



Commissions & fees


Instaforex charges the following fees:


A copy-trading fee – these are for traders that copy the strategies of professionals. This includes a commission of 0.5 pip per lot on ALL copy trades.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


A swap fee – this is for holding overnight positions in any of the financial instruments on the instaforex site.


Instaforex charges a commissions of 0.03%-0.07% on the insta eurica and cent eurica accounts, while the other two accounts available with instaforex carry zero commissions.


Like all online brokers, instaforex receives most of its income from spreads, which remain elevated in all comparisons and vary depending on the specific account that the client has.


As already mentioned above, the platform offers two different types of accounts: standard and eurica. The main difference between these accounts is as follows: standard accounts use fixed spreads starting at 2 points, while eurica accounts use fixed commissions starting at 0.02%.


EU customers have other types of accounts, such as ECN, ECN pro and scalping, which are supported by a floating spread of 0.8 or 1.2 pips.


Novice traders are advised to take commissions rather than spreads to ensure efficient trading due to little experience in the financial market.


As mentioned above, commission brokers are relatively elevated. The average spread in the ECN pro account starts at 0.8 pips, while the insta. The standard account comes with fixed spreads ranging from 2.0 to 7.0 pips, the rest of the accounts are listed at 1.2 pips.


Education


Instaforex does NOT have a separate education section on its website, which is most unusual for a broker. However, this does not mean that there’s no resources for traders trading with instaforex.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


All you need to do to find educational an analytical resources is look under the ‘for beginners’ and ‘for traders’ sections.


We recommend that beginners can find all of the information required under the ‘for beginners’ section and if you are an experienced trader looking for something more advanced, we recommend you look under the ‘for traders; section.


Beginner traders can get free courses to test their trading strategies. And as soon as a client opens an account and deposits real funds, a possibility is given to subscribe to the newsletter of analytical news and trading signals, which was prepared by experienced traders of the company, who spent a lot of time analysing the market.


The company also offers access to the economic calendar to study market events on their website. Moreover, the client can use the trading simulator and see repetitions of his transactions.


The client can use the latest online trading technologies to access information resources and news. This is why thousands of beginners and professional traders use instaforex.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Free demo account

Customer service


You are able to content instaforex via livechat, email and callback request. Unusually, instaforex does not provide a telephone number for individuals and clients to call, except for those that have registered in europe.


Additionally, you can contact instaforex through viber, telegram, whatsapp, facebook messenger and skype.


Final thoughts


In conclusion, we find instaforex an accessible and easy-to-use broker. Instaforex operates in several countries with numerous licences and has millions of customers using its world-class trading platforms.


There is an abundance of educational resources on the site, and the account opening process is simple and easy to navigate. Individuals registering with instaforex in europe can be sure that the safety of their funds are secure, however, the same cannot be said for international clients.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Unfortunately, the trading costs are very high, and the helpdesk system could be better. Instaforex gives you the opportunity to participate in partnership programmes, as well as contests and campaigns, so this can be seen as a bonus.


In addition, the old line of “if it is too good to be true, it probably is” comes to mind when considering the alluring instaforex “welcome bonus”, in addition to the supposed opportunity to win a pretty sports car.


However, we consider instaforex to be a reliable broker, and one that provides excellent trading conditions.



Instaforex broker review


Reviewer : justin freeman


Published: 12th august, 2020.


Broker information


Platform info



  • Platform: MT4

  • Web based: no

  • Mobile trading: no


Broker services


Open free
demo account


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Expert summary


The company provides a wide range of services to its customers, which covers everything from the moment of opening an account to the moment of withdrawal of earned funds.


Instaforex has gained a leading position in the field of such services. This is entirely due to the fact that the company offers favourable trading conditions and a wide selection of trading instruments.
The total number of trading instruments exceeds 300 pieces. Instaforex, like all other brokers, provides access to the most popular metaquotes software (MT4).


It should be added that traders are given leverage. The leverage is from 1: 1 to 1: 1000. You can conduct the trading process, both with commissions and without.


The company systematically updates the available financial instruments. Clients who work with instaforex were among the first to work with bitcoin and one of the first to offer the opportunity to trade cfds in global companies.


Today, the company offers not only brokerage services in the forex and binary options market, but also other features:


• professional training for beginners and experienced traders who wish to develop.
• forexcopy accounts
• PAMM accounts
• free trading terminals with a convenient user interface


According to the ideology of the company, all the activities of the company are based on improving trading conditions and creating comfort for all customers. However, there are many dissatisfactions of former and current customers online. According to the instaforex website, the broker received a number of awards for the best broker. However, the list of praises and praises of the website about instaforex services and the attention paid to their customers contrasts significantly with the many forum posts about the poor service they actually provide.


The company also offers a $ 200 welcome bonus for new customers. Many online posters say they either didn’t receive this bonus or claim that the company used it in fraud.


Instaforex website contains non-native english text. Despite the attractive appearance, the english text on the instaforex website is clearly not native with obvious grammatical errors. For example, this is one of the first lines that attracts your attention on the site:


“instaforex trading conditions are universal tools for managing funds in the forex market.”


Although this linguistic flaw is admittedly unlikely to have a big impact on your forex trading, this is the red flag of a forex scam for a company. Essentially, if a company can afford to pay for a trendy website, at least they can make the text on it written in proper english.


At first glance, if you can handle bad english, the website seems like a legitimate forex broker, even claiming to be the “best broker in asia.” nevertheless, even this statement is worrying, because the verb “break” in the terminology of the forex market implies the action of manipulating the two sides in the trade.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


Free demo account

Broker summary


The instaforex website consists of a comprehensive site with a wide variety of features for a forex broker and gives a quite impressive initial visual appearance.


The website has extensive pull down menus for all types of forex participants from beginners to seasoned traders, and it has an area for partners where you can register as a referral partner with the company. They offer four different partnership arrangements such as an introducing broker or a “trade-partner” where you recommend instaforex to your friends and family.


The website gives the overall impression of a foreign, yet professional, forex brokerage that provides many incentives for new traders to join up. One such incentive is the opportunity to win a lotus elise sports car and a cash bonus when opening a new account.


Also, the trading platform offered is apparently “the most dynamically developing trading platform based on metatrader 4 terminal.” in addition, the mobile version for windows mobile and multiterminal are offered by the broker.


Broker introduction


According to the instaforex website, the broker has garnered a number of awards for best broker.


Established in 2007, instaforex is the registered trademark of the instaforex group. The multi-asset, multi-regulated CFD broker is headquartered in mesa geitonia, cyprus and has more than 260 representative offices globally. Instaforex offers around 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


The subsidiaries include instant trading ltd, instant trading EU ltd, instavestor ltd, insta service ltd, and insta global ltd. The regulators include cysec, the british virgin islands financial services commission, and the central bank of russia. The firm provides services to global clients from its offshore-registered firm in saint vincent and the grenadines.


Spreads & leverage


You are able to sign up to the forex broker instaforex with a deposit as small as $1.


Instaforex meets the standards and needs for traders of any kind. As for those who like to afford to take risks, so for conservative traders who prefer not to take risks. For example, a company offers trading using leverage from 1: 1 to 1: 1000.


Also, to meet the different needs of its customers, instaforex gives them the opportunity to choose the type of their account.


Traders can open an account without a commission with classic spreads, accounts with a commission instead of spreads, cent accounts, segregated accounts or islamic accounts. Regardless of the type of your trader, instaforex has favourable conditions for trading.


Cent account


Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission


Standard accounts


Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission


ECN accounts


The minimum deposit is $ 100 (for a standard account) and $ 1,000 (for a professional account)


The average floating spread is 1.2 pips (for a standard account) and 0.8 pips (for a professional account)


Scalping account:


1.2 pips average floating spread


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Instaforex boasts multiple resources and has won several awards in client services. Instaforex offers around 300 CFD instruments which includes: forex, shares, indices, metals, gas, cryptocurrencies and oil. As a client of instaforex, you are able to trade in futures and binary options.


Additionally, instaforex offers both metatrader 4 and 5 platforms, and these are available across web, desktop and mobile applications.


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Open your account today

Platforms & tools


As mentioned above, as a trader with instaforex, you are able to use both metatrader 4 and 5 platforms, which are available across web, desktop and mobile applications.


In addition to metatrader 4 and 5, you are able to use IFXBIT and instatick. Metatrader and IFXBIT are predominantly used for CFD trading, where as instatick can be used for traders that want to bet on binary options.


The use of metatrader 4 is a user-friendly experience with an easy-to-use interface that is accessible in 39 languages.


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MT4 supports all browsers, including: windows, macos, as well as iphone and android devices.


Instatick is the binary options trading platform on instaforex, and claims to have won over 40 international awards. You are able to sign up and deposit funds in three currencies, which are: USD, EUR and RUB. With a clear interface and accessible in ten languages, it’s an easy tool to use.


Trading tools that the company offers for its traders:



  • Over 100 currency pairs

  • Over 80 popular US stocks

  • Gold and silver trading

  • Futures CFD

  • Options and binary options



Commissions & fees


Instaforex charges the following fees:


A copy-trading fee – these are for traders that copy the strategies of professionals. This includes a commission of 0.5 pip per lot on ALL copy trades.


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A swap fee – this is for holding overnight positions in any of the financial instruments on the instaforex site.


Instaforex charges a commissions of 0.03%-0.07% on the insta eurica and cent eurica accounts, while the other two accounts available with instaforex carry zero commissions.


Like all online brokers, instaforex receives most of its income from spreads, which remain elevated in all comparisons and vary depending on the specific account that the client has.


As already mentioned above, the platform offers two different types of accounts: standard and eurica. The main difference between these accounts is as follows: standard accounts use fixed spreads starting at 2 points, while eurica accounts use fixed commissions starting at 0.02%.


EU customers have other types of accounts, such as ECN, ECN pro and scalping, which are supported by a floating spread of 0.8 or 1.2 pips.


Novice traders are advised to take commissions rather than spreads to ensure efficient trading due to little experience in the financial market.


As mentioned above, commission brokers are relatively elevated. The average spread in the ECN pro account starts at 0.8 pips, while the insta. The standard account comes with fixed spreads ranging from 2.0 to 7.0 pips, the rest of the accounts are listed at 1.2 pips.


Education


Instaforex does NOT have a separate education section on its website, which is most unusual for a broker. However, this does not mean that there’s no resources for traders trading with instaforex.


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All you need to do to find educational an analytical resources is look under the ‘for beginners’ and ‘for traders’ sections.


We recommend that beginners can find all of the information required under the ‘for beginners’ section and if you are an experienced trader looking for something more advanced, we recommend you look under the ‘for traders; section.


Beginner traders can get free courses to test their trading strategies. And as soon as a client opens an account and deposits real funds, a possibility is given to subscribe to the newsletter of analytical news and trading signals, which was prepared by experienced traders of the company, who spent a lot of time analysing the market.


The company also offers access to the economic calendar to study market events on their website. Moreover, the client can use the trading simulator and see repetitions of his transactions.


The client can use the latest online trading technologies to access information resources and news. This is why thousands of beginners and professional traders use instaforex.


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Free demo account

Customer service


You are able to content instaforex via livechat, email and callback request. Unusually, instaforex does not provide a telephone number for individuals and clients to call, except for those that have registered in europe.


Additionally, you can contact instaforex through viber, telegram, whatsapp, facebook messenger and skype.


Final thoughts


In conclusion, we find instaforex an accessible and easy-to-use broker. Instaforex operates in several countries with numerous licences and has millions of customers using its world-class trading platforms.


There is an abundance of educational resources on the site, and the account opening process is simple and easy to navigate. Individuals registering with instaforex in europe can be sure that the safety of their funds are secure, however, the same cannot be said for international clients.


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Unfortunately, the trading costs are very high, and the helpdesk system could be better. Instaforex gives you the opportunity to participate in partnership programmes, as well as contests and campaigns, so this can be seen as a bonus.


In addition, the old line of “if it is too good to be true, it probably is” comes to mind when considering the alluring instaforex “welcome bonus”, in addition to the supposed opportunity to win a pretty sports car.


However, we consider instaforex to be a reliable broker, and one that provides excellent trading conditions.



Instaforex review and ratings


Company information


Instaforex group includes 3 related companies.


Instaforex CY - located in cyprus, regulated by the cyprus securities and exchange commission (cysec).
Instaforex BVI - located in the british virgin islands, regulated by the BVI financial services commission (BVIFSC).
Instaforex SVG - legally registered entity located in saint vincent and the grenadines, but not regulated by any government agency.


Be aware, CY company has some trading restrictions because of the european securities and markets authority (ESMA) influence.
At the same time, SVG company accepts european traders, so one can open a trading account there.


Availability


Instaforex group accepts clients from all over the world, excluding USA and some third-world countries.


Distinctive features



  • Simple registration and verification process.

  • Copy-trading service (forexcopy) offered for the clients.

  • Binary option contracts available for trading.

  • Own pool of PAMM trading accounts.


Trading instruments


Forex broker offers the following underlying assets for FX trading.


110+ currency pairs based on major and minor world currencies.
5 crypto pairs based on bitcoin, bitcoin cash, ethereum, litecoin and ripple.
7 indice cash cfds based on baskets of different blue-chip stocks and US dollar index.
7 indice futures based on baskets of different blue-chip stocks and US dollar index.
5 metal spot cfds based on gold, silver, platinum and palladium.
3 metal futures based on gold, silver and copper.
7 energy futures based on crude oil (WTI, brent), heating oil, gasoline and natural gas.
14 soft futures based on wheat, soybeans, soybean oil, soybean meal, corn, orange juice, lumber, cocoa, coffee, cotton, sugar, live cattle, lean hog, feeder cattle.
90+ stock cfds based on shares of US companies.


Forex broker offers the following underlying assets for binary options trading (visit binary.Instaforex.Com)


20+ currency pairs based on major and minor world currencies.
1 crypto BO based on bitcoin.


Comprehensive review


Instaforex is a large and global online brokerage established in 2007. Although the team and top management is mainly russian, the broker is today registered and regulated in several offshore jurisdictions around the world, including the EU jurisdiction of cyprus. It offers very high trading leverage of up to 1:1,000 in the entities regulated outside of europe, which fortunately also accept european traders.


Instaforex maintains a large number of so-called introducing brokers around the world. These are independent companies that receive commissions for all trading activity generated by the clients they introduce to the broker. Currently, instaforex claims it has 260 such offices spread out around the world, providing a steady flow of new clients to the broker.


The broker offers a special “forexcopy system” where inexperienced traders can choose to automatically copy the trades made by more experienced traders with good track records. The traders to follow can be chosen based on 20 searchable criteria, and the copy-trading set-up can be cancelled at any time.


Another unique benefit with instaforex is the large video library available on its website as part of its “instaforex TV” initiative. Here, traders can watch interviews with leading trading experts from around the world, technical analysis gurus, and others to get inspired and learn more about profiting from forex and other financial markets.


The trading instruments offered by instaforex include all the usual things, plus a few extras. The selection of forex pairs is particularly good with this broker, with more than 110 currency pairs available to choose from, which is far more than most other brokers. In addition, the broker offers cfds based on the stocks of more than 90 american companies, 5 cryptocurrency pairs, as well as commodities and stock indices cfds.


In contrast to many other brokers these days, instaforex also offers binary options based on a variety of underlying assets for traders who prefer that method of trading.


In order to trade binary options, however, clients will need to use the instabinary platform. This is a web-based trading platform that runs directly in the user’s web browser window, which means there is no need to download any software. The platform is developed by instaforex to meet the needs of binary options traders in particular, and comes with nice and clean charts for easy trading.


Another trading platform developed by instaforex is webifx. This platform also runs directly in the trader’s browser, and can be used to trade both forex and cfds on a range of assets. The platform is well-designed, with a minimalistic and simple look, and with charts from the popular charting service tradingview.


In addition to these trading platforms, the metatrader 4 (MT4) platform is also available for traders who prefer to stick with this classic trading platform which has stood the test of time in the retail trading community.


Instaforex offers four different account types for clients to choose from based on their individual needs:
– insta.Standard account, with wide spreads and no commissions
– insta.Eurica account, with no spreads and commissions from 0.03%-0.07%
– cent.Standard account, designed for new traders and with wide spreads
– cent.Eurica account, for new traders with tight spreads and commission-based trading


Lastly, customer service is available 24 hours a day, with local phone numbers for nine countries, as well as through popular apps like telegram, whatsapp, skype, and others channels.



Instaforex the best broker in asia



The main priority of instaforex is providing top-rated investment services along with the convenient conditions and efficient tools for taking the highest profit from trading on the international financial markets. Instaforex trading terms are perfect for managing funds on the forex market.


Instaforex customers have access to the top-notch online trading technologies as well as news and information materials supplied by the largest media agencies. Nowadays instaforex clients are over 1,000,000 forex traders from every corner of the world, both professionals and newbies. Having opened a trading account with instaforex, everyone gains access to currency trading as well as operating cfds on NYSE shares, currency futures and commodity futures.


Instaforex constantly holds trading contests and promo campaigns for its customers with the total prize pool exceeding $500,000. Annually instaforex raffles off new elite cars such as hummer H3 (presented in 2010), lotus elise (presented in 2011), lotus evora (presented in 2012), porsche cayenne (presented in 2013).


If you feel lucky for taking part in a campaign or feel confident in predicting currency rate movements to participate in the contests, register here.


Success formula by instaforex:



  • Latest technology: the most popular platform for forex trading metatrader 4;

  • Hottest news from reuters, the leading media agency;

  • Cooperation with the largest contractors giving the direct access to forex.


Instaforex trading conditions are the universal tools for managing funds on the currency market:



  • No limits on balance or trade volume;

  • Over 300 trading symbols;

  • FOREX, shares, futures, and indices;

  • Instant execution of orders;

  • Leverage from 1:1 to 1:1000;

  • Swap-free accounts;

  • Highly professional technical and consulting support 24/5.



Most traders choose instaforex because it strives to give not only the widest range of services on forex but also ensure the best trading conditions in every direction offered.


You can evaluate the quality of instaforex services by opening a live trading account.


If you are new to forex trading, you can start with a demo account to get to know the advantages of currency trading with instaforex.



Special offers


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In addition to trading terms for eurica and standard accounts, instaforex has developed a line of its special offers. It is a kind of modification of parts of the existing trading conditions designed to provide each customer with an individual approach. The system offers the terms according to a customer’s trading needs.


Every special offer can be activated by a client at trading account opening and will apply to existing trading accounts. Choosing a corresponding link in a list of services below, you will be able to view more details on each of them and submit your request to attach a trading account you have.


USD, EUR, RUB accounts


To protect your funds from risks involving a decline in the US dollar exchange rate, you have an option to open an account in a different currency. Non-dollar accounts boost their weight with the rising account currency.


Swap-free accounts


The swap-free service is developed for traders who use trading systems that do not allow for swaps. This type of service also applies to the group of clients who cannot use swaps based on their religious beliefs. That is why this account type is also referred to as islamic. If you choose the swap-free system, all the rest trading terms applied to standard and eurica accounts will be the same.


Floating bonuses up to 55% for every depositing


Instaforex offers its clients to take advantage of getting up to 55% for every depositing of their trading account on a regular basis. The incentive program is created for those who want to receive floating bonuses rather than fixed ones every time they make deposits. Unlike similar offers of its rivals that have latent conditions preventing trading with these bonuses, instaforex provides a unique opportunity to use the bonuses in trades with no limit. Getting bonus is fully automated so a customer can take it at any moment.


PAMM system: investors and traders


Instaforex PAMM system will be your helping hand on your way to getting profits; it does not matter whether you are a trader or investor. The PAMM system by instaforex provides investors with a chance to cash in on deals of successful traders. Their rating is available in client cabinet’s section of the PAMM system and the open PAMM monitoring list. The PAMM system makes investing easy and fast and protects investor’s funds from withdrawing by a trader. For professional traders, the PAMM system is a great tool to find investors so that they will finance them after estimating their prospects in the monitoring list. The monitoring list acts as a guarantor of reliability of trader’s trading history. Register with the PAMM system right now to check out all its opportunities!


More than 300 trading instruments including forex, metals, stocks and futures


A universal set of trading instruments from instaforex is a boon for a trader who uses a wide portfolio of currency pairs, futures, and shares in trading. Instaforex provides traders with all necessary trading instruments during their professional growth and all the way. They can reorganize their strategies by including and excluding various trading instruments. The list includes 107 currency pairs, 88 cfds on shares, spot gold and silver, futures on 26 instruments (metals, energy, agriculture, commodities) as well as cfds on stock indices such as S&P 500 index, dow jones industrial average, NASDAQ composite, FTSE 100, euronext 100, DAX 30, nikkei 225, hang seng index, the US dollar index, and bitcoin.


Segregated accounts


Instaforex provides its clients with a unique opportunity to make use of the service of segregated accounts. Opening a segregated account, you will hedge your capital from risks and force majeure related to the company’s activities. The essence of a ‘segregated account’ is that the customer’s funds will be kept separately from the company’s money.


Forexcopy by instaforex


Instaforex presents forexcopy, an unparalleled innovative service. The system is designed to copy successful traders’ deals of a specified scale online. Have an account with instaforex? You can become the forexcopy user and start copying trades of the best forex traders right now!


VPS hosting for instaforex clients


Instaforex VPS hosting is a brand-new service tailor-made for instaforex customers. It is a good deal for arranging activity on the forex market. Instaforex provides the best price for its hosting service. What’s more, the company has expanded technical capabilities of its servers of VPS hosting for all tariffs doubling the number of cores in processors. By ordering the VPS hosting service, instaforex clients get a faster and more powerful server.



Special offers


Forex Trading Scams: Is InstaForex Group a Scam, instaforex group.


In addition to trading terms for eurica and standard accounts, instaforex has developed a line of its special offers. It is a kind of modification of parts of the existing trading conditions designed to provide each customer with an individual approach. The system offers the terms according to a customer’s trading needs.


Every special offer can be activated by a client at trading account opening and will apply to existing trading accounts. Choosing a corresponding link in a list of services below, you will be able to view more details on each of them and submit your request to attach a trading account you have.


USD, EUR, RUB accounts


To protect your funds from risks involving a decline in the US dollar exchange rate, you have an option to open an account in a different currency. Non-dollar accounts boost their weight with the rising account currency.


Swap-free accounts


The swap-free service is developed for traders who use trading systems that do not allow for swaps. This type of service also applies to the group of clients who cannot use swaps based on their religious beliefs. That is why this account type is also referred to as islamic. If you choose the swap-free system, all the rest trading terms applied to standard and eurica accounts will be the same.


Floating bonuses up to 55% for every depositing


Instaforex offers its clients to take advantage of getting up to 55% for every depositing of their trading account on a regular basis. The incentive program is created for those who want to receive floating bonuses rather than fixed ones every time they make deposits. Unlike similar offers of its rivals that have latent conditions preventing trading with these bonuses, instaforex provides a unique opportunity to use the bonuses in trades with no limit. Getting bonus is fully automated so a customer can take it at any moment.


PAMM system: investors and traders


Instaforex PAMM system will be your helping hand on your way to getting profits; it does not matter whether you are a trader or investor. The PAMM system by instaforex provides investors with a chance to cash in on deals of successful traders. Their rating is available in client cabinet’s section of the PAMM system and the open PAMM monitoring list. The PAMM system makes investing easy and fast and protects investor’s funds from withdrawing by a trader. For professional traders, the PAMM system is a great tool to find investors so that they will finance them after estimating their prospects in the monitoring list. The monitoring list acts as a guarantor of reliability of trader’s trading history. Register with the PAMM system right now to check out all its opportunities!


More than 300 trading instruments including forex, metals, stocks and futures


A universal set of trading instruments from instaforex is a boon for a trader who uses a wide portfolio of currency pairs, futures, and shares in trading. Instaforex provides traders with all necessary trading instruments during their professional growth and all the way. They can reorganize their strategies by including and excluding various trading instruments. The list includes 107 currency pairs, 88 cfds on shares, spot gold and silver, futures on 26 instruments (metals, energy, agriculture, commodities) as well as cfds on stock indices such as S&P 500 index, dow jones industrial average, NASDAQ composite, FTSE 100, euronext 100, DAX 30, nikkei 225, hang seng index, the US dollar index, and bitcoin.


Segregated accounts


Instaforex provides its clients with a unique opportunity to make use of the service of segregated accounts. Opening a segregated account, you will hedge your capital from risks and force majeure related to the company’s activities. The essence of a ‘segregated account’ is that the customer’s funds will be kept separately from the company’s money.


Forexcopy by instaforex


Instaforex presents forexcopy, an unparalleled innovative service. The system is designed to copy successful traders’ deals of a specified scale online. Have an account with instaforex? You can become the forexcopy user and start copying trades of the best forex traders right now!


VPS hosting for instaforex clients


Instaforex VPS hosting is a brand-new service tailor-made for instaforex customers. It is a good deal for arranging activity on the forex market. Instaforex provides the best price for its hosting service. What’s more, the company has expanded technical capabilities of its servers of VPS hosting for all tariffs doubling the number of cores in processors. By ordering the VPS hosting service, instaforex clients get a faster and more powerful server.





So, let's see, what we have: there are so many forex trading scams out there it's hard to count them all. But is instaforex group a scam? Here's what you should know before... At instaforex group

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