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InstaForex -

Score

1.39 /10
Danger

InstaForex

The Virgin Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ifxinvest.net

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Score

Regulatory Index0.00

Business Index6.10

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
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Danger

ID BAPPEBTI
2022-02-02
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Warning: Low score, please stay away! 3
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The The Virgin IslandsFSC regulation (license number: SIBA/L/14/1082) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

InstaForex · Company summary
InstaForex Review Summary
Founded2007
Registered Country/RegionBritish Virgin Islands
RegulationFSC(Suspicious clone)
Market InstrumentsForex, Commodities, Indices, Shares, Crypto, Futures
Demo Account✔
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMetaTrader 4, WebTrader, PAMM System, ForexCopy System
Min Deposit$1
Customer SupportEmail：support@instaforex.com
24/7 Online Chat：Yes
Physical Address：4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands

InstaForex Information

Set up in 2007, InstaForex offers a wide range of trading instruments and high leverage possibilities. Two main advantages of the company are low deposit requirements and thorough educational resources. However, some traders would be concerned as it lacks control in large markets.

InstaForex Information

Pros and Cons

ProsCons
Low minimum deposit of $1Suspicious clone by FSC
High leverage up to 1:1000No MetaTrader 5 platform
Spreads of indices from 1.5 pips

Is InstaForex Legit?

CategoryDetails
Regulatory StatusSuspicious Clone
License TypeRetail Forex License
Regulated ByThe Virgin Islands(FSC)
License NumberSIBA/L/14/1082
Licensed InstitutionInstant Trading Ltd
Is InstaForex Legit?

What Can I Trade on InstaForex?

InstaForex provides over 300 instruments, including forex pairs, commodities, indices, shares, futures, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Shares✔
Crypto✔
Metals✔
ETFs❌
What Can I Trade on InstaForex?

Account Types

InstaForex offers standard live accounts. Also, a demo account is available.

Account NameMinimum DepositFeaturesSuitable For
Standard Account$1Leverage up to 1:1000cent accounts, swap-free optionsSuitable for all levels of traders

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable For
MetaTrader 4✔Web, Mobile, DesktopAll trading levels
WebTrader✔WebBeginners and casual traders
PAMM System✔Web, DesktopInvestors seeking managed accounts
ForexCopy✔Web, DesktopTraders interested in copy-trading
Trading Platform

Deposit and Withdrawal

InstaForex does not charge fees for deposits. The minimum deposit required is $1 for the Standard Account.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$1Free1-3 business days
Credit/Debit Card$1FreeInstant
PayPal$1FreeInstant
Bitcoin$1FreeVaries
Litecoin$1FreeVaries
Ethereum$1FreeVaries
Tether$1FreeVaries
Other Payment Methods$1FreeDepends on method chosen
Deposit and Withdrawal

User Reviews

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BTS
more than one year
Disappointed with InstaForex's responsiveness. It took them a whopping 30 minutes to get back to me, and by that time, I had already figured out part of the issue on my own. The person who called back had a good attitude, but their assistance was limited. Unsure how they handle things in a real emergency situation?!
Disappointed with InstaForex's responsiveness. It took them a whopping 30 minutes to get back to me, and by that time, I had already figured out part of the issue on my own. The person who called back had a good attitude, but their assistance was limited. Unsure how they handle things in a real emergency situation?!
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2024-01-19 12:26
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Labaishi
more than one year
Terrible support experience with @InstaForex. Can't recommend dealing with them. Hard to trust - they make decisions without any reasons or explanations. Be cautious, think twice before investing your hard-earned money.
Terrible support experience with @InstaForex. Can't recommend dealing with them. Hard to trust - they make decisions without any reasons or explanations. Be cautious, think twice before investing your hard-earned money.
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2024-01-03 16:42
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