Everything you need to know about InstaFX24 brokers
Trading is something that can boost you financially. But, before you can start trading, you need to find a broker. Online brokers are easy to find. The thing that you need to know is that not all the brokers are legit and reliable. And, you need to make sure that you are going to use brokers that are recommended and that have a good reputation. InstaFX24 is one of the brokers you can choose. Something to consider is that they aren’t recommended. This is everything that you need to know about these brokers.
InstaFX24 is offshore brokers and is situated in the Majuro Marshall Islands. They are known as forex and CFD brokers. They do offer a couple of cryptocurrency pairs that you can trade with.
It seems like they have a valid address, email and telephone number. However, there isn’t any proof that these are the legit contact info about InstaFX24. There is much other essential information that you should know about these brokers before you can decide if they are legit or not.
Info about being registered and regulated
One of the most important things that you should know, is if they are registered and regulated. This is the most important thing about brokers that you should look for.
InstaFX24 isn’t registered or regulated. There isn’t any info about being registered. Meaning that they aren’t actually allowed to trade internationally. And, because they aren’t registered, they aren’t regulated as well. It is important to make use of brokers that are regulated. Being regulated means that the brokers are following certain rules and regulations and that they are monitored. This is everything that InstaFX24 isn’t.
Good things about using the broker
There are a couple of good things about the broker. Things like they are offering some great cryptocurrency pairs and that they have some great payment options available.
Something else that they are offering is swap-free accounts. This is accounts that you can choose for religious reasons. Making sure that everyone can trade without any problems. However, this is all that we found about the brokers that are beneficial and reasons why you might consider using them.
Account and required deposit info
InstaFX24 are offering 4 different accounts. Mini, bronze, silver, and gold. There isn’t really much difference between the accounts. They don’t give all the necessary information about these accounts so that you can decide which one will be best for you.
The other thing that is hard to find out, is their required minimum deposit for each account option. This is important to know because you need to know how much money you do need in order for you to start trading. The question that we are asking is why don’t they give the required deposit amount? Maybe because they don’t want you to know until it is too late.
The platform that they are offering
When we first start reading, we thought that they are offering some great platforms. They are claiming that you can choose between two platforms. These platforms aren’t MT4, but one of them is still a great option. However, when we wanted to use this updated platform, it wasn’t working.
This means that the other platform is the only one you actually can use. And, the platform is outdated and not recommended. At the end of the day, you are stuck with one type of platform. A platform that isn’t recommended and as trustworthy as other platforms.
Similar name to a trustworthy broker
This is something that we found strange, and this can cause some confusion between traders. InstaFX24 has a name that is similar to a trustworthy and recommended broker. This can use a trader to accidentally use the wrong broker.
This can be a coincidence, but this can also be deliberate. They might want to steal some of the traders from the legit site to their site. To get as much money from innocent traders as possible. This is why you should really make sure that you are searching for and using the right broker. And, not to use a broker that isn’t recommended at all.
What regulators are saying about InstaFX24
This is a question that you need to ask. What are regulators saying about InstaFX24? Regulators are warning traders about using this broker. They are not legit, and they aren’t regulated. Meaning that they can do just as they please. There isn’t any rules and regulations that they should consider.
There are some of the regulators that aren’t just warning against using them. They blacklisted them as one of the worst brokers to use. Making it really risky to use them as brokers.
InstaFX24 brokers. They aren’t as legit as what you might think. There are many things that are making them look great to use. However, this is just empty promises, like the two platforms that are offered. It is important to make sure that you are getting all the info about them before you can make a final decision. If regulators warn traders about brokers, then you should take it seriously. And, this is exactly what regulators are doing with InstaFX24.