InstaForex Review – Is the Broker a Scam or Legit?

InstaForex Regulation & Licensing Details

InstaForex broker is a combination of three entities: in Cyprus, the British Virgin Islands and Saint Vincent and the Grenadines. We’ve also checked several registers to verify that InstaForex is properly regulated and how it works. We were able to find something.

Questions about InstaForex License and Regulation – Reputation Problems

The broker is composed of 3 entities that are owned by 3 companies. Instant Trading EU LTD is the owner of the Cyprus entity. It is regulated by CySEC with a regulation number 266/15.

Instant Trading Ltd is the British Virgin Islands entity. It is FSC-regulated and is known as Insta Global Ltd.

But don’t think that you are in a good position so quickly. As you can see, there were many questions and penalties regarding the CySEC regulation of brokers.

A broker who opens an offshore entity often has something to hide, or is trying to set up a scam.

FSA is not a regulator. It is a registry that redirects brokers to choose regulation in countries where they offer services. This is how you can see how InstaForex regulations are melting.

Past Fines for Bad Conduct

Similar to , InstaForex was subject to a heavy fine from CySEC. The broker was fined EUR130,000 by the financial regulator on June 11, 2018. The fine consisted of two components.

First, a EUR90,000. This is for not acting fairly, honestly, or professionally in the best interest of their clients.

Second, EUR40,000 for failing to obtain the necessary information from clients about their knowledge and experience, in order to evaluate their suitability for financial services.

InstaForex Reviews: Is InstaForex a Scam?

After looking at InstaForex reviews, the broker’s incredible Trustpilot score was apparent. We had to see what other traders thought. This broker buys fake reviews to present itself as a trustworthy company, instead of real traders.

You can see that most reviews are written by Malaysian clients. This is the review about InstaForex brokerage. This sounds strange, doesn’t?

However, other websites give us a better picture and provide objective ratings for brokers. A few reviews were posted by people who had previously reviewed the site, and all of them are experiencing the same problem.

Review of InstaForex Trading Platform

We must mention InstaForex’s trading platform as it is a great thing. We have many options, including MT4, MT5, or a WebTrader.

InstaForex MT4 Platform – MetaTrader 4

InstaForex MT4 platform allows traders to trade on the most popular platform among investors. Despite their expansion to MT5, the broker maintained an MT4 platform with an amazing array of trading indicators and features.

This platform has a major advantage in that trades can be executed quickly.

InstaForex MT5 Platform – MetaTrader 5

This was a MT5 veteran in the trading industry. The broker provided another option for mobile trading and PC trading, proving that it is competitive.

InstaForex App Mobile Trading Options

InstaForex offers mobile trading via MT4 or MT5 platforms, since MetaTrader is available in two versions: one for mobile and one for desktop. You can download the platform from the broker’s site.

InstaForex Copy trading

The broker is proud of the InstaForex copy trading platform. ForexCopy is a trading system that combines the best of both ForexCopy and ForexCopy. It identifies clients who have made trades with high success rates. These trades are said to have incredible potential to make profits in a very short time.

What products does the broker offer? – Trading Assets

InstaForex’s minimum deposit to trade is $1. Clients can access:

• Currency pairs All major currencies such as EUR/USD and USD/CHF as well as over 20 exotics like CAD/JPY
• The major US, Asian and EU share totals 35
• Major indices around the world, such as NASDAQ or DAX
• Different commodities, including metals, oil, gas, etc.
• 11 cryptocurrencies
• 2 currency futures EUR/USDweek and EUR/USDmonth

The broker’s offer, as you can see, is not what one would expect from someone who claims to be the best.

Instaforex Cryptocurrency – Are Cryptos Available?

InstaForex brokers offer 11 cryptocurrencies. These include the most well-known ones like BTC and XRP but also some less popular ones like ADA, DOT and Uniswap.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

InstaForex: Video

Below you will find a short video about InstaForex. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about InstaForex!