Click Here to read what happened. InstaForex is hereby blacklisted by the Forex Peace Army. We urge traders not to open accounts with Insta Forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If InstaForex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud. Since last 2 months I have account with them.
They paid my bonus in right time and 2 withdrawal I made they paid me same day. I am happy with their customer support. But I could not understand why they do like this, wht profit they get when we loose money and wht is their problem if we r in profit.
Lets us see wht happens in future, but so far I am happy with them. Only tested demo server. Duplicate trades due to sluggish performance I use a high quality VPS provider.
Decided not to go live. So far so good for me.. Gave me the bonus as well. The only bad things you cant news trade due to requotes you get requoes when you are in profit and our order is executed instantly when its moving in the other side and the sometimes the system gets a bit slugging dont know if its their problem or mine because I am on a 96k. I think it was my problem because it seems to work seamless on kbps But I will give you average due to you requotes.
I previously gave 1 star because they refused to honor my bonus. I have received my bonus after persistent communications to clear up the fact that did not try to fraud their bonus system. They had said that my action was unscrupulous against their bonus system. That I was suspected of having another account.
I sent them high-res digital photo of my license, myself, my work place, my business card. The bonus was deposited after I sent emails from my home and work address, and before I sent the photos. I sent the photos anyways just to make sure I will not have problems when I try to withdraw money in the future. This experience left me a bad after-taste for InstaForex. Although they honored the bonus, it was after much effort on my part.
And they were not acting very professional. The way they never provided details as to their suspicion and just continue to quote the Bonus Agreement text that they have the right to refuse bonus.
They never even asked for a more clear ID photo, or more information. They just came out and accused me of being a fraud and refuse to say more. Very unprofessional and very rude. I will give them 2 stars this time. If I have a smooth transaction in the future when I withdraw money and that I do not experience too many re-quotes when I try to close a position, then I will give another better rating.
These are the events that took place that lead me to file this complaint. The payment was made through Visa. I sent in my drivers license photocopy within 24 hours as required for bonus. I traded over 10 lots as required for bonus. I went to sleep without stop loss on 2 positions and lost nearly all my balance. I am unable to get anymore information from them through the online chat. InstaForex may have received the payment late due to US Bank Visa processing charge to offshore merchant.
I have sent them email to bonus instaforex. I will keep you updated. If this turns out to be a mistake, I will change my review. For now, I rate this a 1 star as they continue to stonewall me and cannot explain why they refuse to pay my bonus. Hi all, I have selected instaforex as my prime broker about 1 month ago. I had referred here by my friend who earlier used to trade a big account.
First 2 weeks was good. If the market is fast moving, then I end up literally making profit for instaforex and not myself. On one ocassion, I found myself like egg thrown on my face. I predicted the market direction correctly but instaforex keeps giving me requotes on requotes untill market has moved 15 pips in the direction which I decided to enter. And do you think closing your order is easy task?
Try instaforex then - 1 If the market is fast moving and you are in profit, don't expect to see your positions closed unless you see a 10 to 15 pips requotes and your profits going out like sand. And that's not end of all. They block my IP as and when they want. I just feel helpless when I find my profits just going out of my hands because I cannot close the trades because of this IP blocking as well as when my small loses turning into catastophic losses May god save the accounts of my clients.
Saddest part, I am Introducing Broker of Instaforex and this is happening to me: All I can say about Instaforex is this - Easy account opening, no problems at all with funds deposit via credit card BUT!!!!!
I can go on all day long. If not for this issue I think Instaforex would have been good but this causes major trading losses so they get a BAD!!! Stay Away from this broker , deposit is very easy and withdraw is too long and sucks I said this broker like dracula only want to suck people money..
Thank you, thank you, thank you - So Very Much! As a real newbie in this game, I have carefully searched the internet, for a broker who is, at the same time honest, have tight spreads - and one who don't mind scalpers. A week ago, I stumbled over InstaForex, who seemed to meet these criterias - moreover - they offer an accout, with no spreads at all. Eager but tired after a hard days work - and a hard nights computer looking, I uploaded my documents, and tried to transfer money from my credit card, to get started trading.
Fortunately, the transaction went wrong somehow. Still unsuspecious, I calmed down and decided to take the slower option of wire transfer. Well I went on making the transfer thought my bank account - again I was more lucky than I deserve to be - due to the easter holidays, the transfer could not be made until a few days later. I went to sleep ancious to get started making money with this phenomenal broker.
And then this morning I waked up with a terrible suspicion - What if they turn out to be scammers? After only a few minuted of searching, I came over Fores piece army - and the scamming allert. This is what I'we learned: Never make desicions regarding money when you are exhausted. Do the homework and read every review you can possible find before trusting anyone on the internet actually I did read a promissing review on a site named Top Forex brokers - but after all, it might as well have been the folks from instaForex who made the rating themselves Kind Regards John.
Review and Ratings Forex Brokers instaforex. Forex Brokers , Forex Scam. The French AMF has issued a warning about unauthorized forex brokers. InstaForex is on that list. InstaForex's representative claims this was a voluntary resignation of its license. Others have reported that Insta was thrown out of Belize. Live discussion Join live discussion of instaforex.
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