- Instaforex: Full honest review
- Overview of Instaforex
- Essential features about Instaforex
- Pros and cons about them
- Are they licensed and regulated?
- Information that you need to know about Instaforex
- Warning Issued
Instaforex comes a long way. They have been in the market for a couple of years. And, there are many traders that have made use of them. Some successful and some not so much success. This is a legit trader, but there are some signs and warnings about them, that you need to know before you can decide if this is brokers that you can use safely or not. With this information, you can decide for yourself.
Instaforex is a forex broker, situated in Russia. They are online since 2007. Meaning that they are online for a couple of years now. At the moment, they have more than two million traders from different countries.
They are offering 4 different accounts and the minimum deposit that you need to make is only $1. The one reason why so many traders are trading with them. They are offering a huge variety of different bonuses to their traders. Making them different and more popular to use. Instaforex is registered in some countries.
They are asking a minimum deposit of only $1. Making it great for new traders. Instaforex leverage is 1:1000. Making this great profitable if you are trading successfully. They are offering fixed spreads and commissions accounts and Swap-free accounts.
As mentioned before, they are offering a huge variety of bonuses of up to 250% of your depositing amount. They are offering other services as well. Services like contests, daily analyzes, and a profitable affiliate program.
At Instaforex, you can trade with forex, metals, bitcoins, CFD and US stocks. There are 107 forex currencies that you can trade with.
There are a couple of pros and cons that you should know about Instaforex before you can consider using them. In fact, it is recommended that you know all the pros and cons before you can decide that they are the best brokers on the market.
Pros of using Instaforex
- They are offering a large selection of trading options
- Great minimum deposit required
- Different accounts
- Great bonuses and contests available as well
- Can also trade bitcoin
Cons of using Instaforex
- Not registered in the right countries
- Not regulated
- No third-party platforms or plugins provided to traders for better results
- There are a couple of warnings published about them
This is where the confusion starts. They are licensed but in just a couple of countries. They aren’t internationally registered and isn’t regulated, because of that.
They aren’t allowed to use US traders. Meaning that you are living in the US, you can’t make use of Instaforex to trade.
Instaforex has a demo account, where you can learn how to trade with them before you are depositing real money. They can be used with Windows desktop, but not with a Mac desktop. Over the years, they have won a couple of trading awards like Best Broker in Asia, Best Retail Forex Broker, and Best Broker in Eastern Europe.
Some forex review sites are giving them the thumbs up for trading. However, there are also some other forex review sites that are saying that Instaforex isn’t worth using. You should use the information provided to ensure that you know if this is a forex broker that you can use or not.
This is one of the most important things that you should know about Instaforex before you can start trading with them. Warnings that were issued by different regulators and countries all over the world. These are some of the warnings that you should know about them.
Ontario Securities Commission has issued an investor’s warning about Instaforex on June 9, 2014. This is the warning stated about them: “Instaforex is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.”
French financial regulator, the Autorité des marchés financiers has placed Instaforex at the unauthorized websites offering forex investments in France without authorization on September 20, 2011.
It is important to make sure that you are taking these warning seriously. You need to consider it before you decide to use them as your forex broker. When you are looking at all the information, it is clear that Instaforex isn’t registered and regulated correctly. Especially, for international traders.
Instaforex is a broker that can be used since 2007. However, since then, there was a couple of warning about them published. There are also some reviews from traders that are warning other traders about them. It is important to make sure that you know all the facts and warnings about them before you use them as your forex broker.