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Insta-Trading-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2021-11-25 18:04

Abstract：Insta-Trading is an online forex broker owned and operated by Trasilion EOOD, a company registered in Bulgaria. It turns out Insta-Trading.com is NOT REGULATED and Be certain that investments in unregulated brokers are almost always lost, never to be seen by the user.

General Information & Regulation

Insta-Trading is an online forex broker owned and operated by Trasilion EOOD, a company registered in Bulgaria. It turns out Insta-Trading.com is NOT REGULATED and Be certain that investments in unregulated brokers are almost always lost, never to be seen by the user.

Market Instruments

Trading instruments offered by Insta-Trading include: forex currency pairs, indices, commodities, bonds, cryptocurrencies, ETFs, and stocks.

Minimum Deposit

The depositing section in the client portal reveals that the minimum deposit is $250.

Leverage

The maximum trading leverage offered by Insta-Trading is capped at 1:30, in accordance with the guidelines set by the European Securities and Markets Authority (ESMA).

Spreads & Commissions

In terms of spreads offered, a 4 pips spread for the EUR/USD pair, which is far from the 1.5 pips average cost of trade.

Trading Platform Available

The available trading terminal is one that we have seen numerous times used by unregulated brokers. Its one of the most notable signs that the broker at hand is unlicensed. For those that are new to the forex world, this trader uses a smart tactic of relying on visuals to lure in inexperienced traders.

Deposit & Withdrawal

The depositing section in the client portal reveals that the minimum deposit is $250. The payment methods are debit card, credit card, and wire transfer. The withdrawal methods are credit cards, wire transfers, and a bitcoin wallet that we did not bother to check. Aside from what we just revealed, the withdrawal section is useless. All withdrawals are issued a 3.5% charge. In case the percentage equals to $50 or below, the user will be charged $30 instead. There is also a monthly maintenance fee of 0.5%. Last but not least, withdrawals are processed within 5 days.

Scam Tactics

The most popular scam that we will cover today is used by 95% of all illegal brokerages, and other fraudsters. It revolves around soliciting users into depositing, with some room for improvisation. Most users who fall for these sooner or later realize it.

Leverage Commission Broker Currency Pair Dealer Future

Related broker

No Regulation

Insta-Trading

Company name：Insta-Trading

Score

1.53

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.53

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