Problem with InstaForex

you are very lucky ... in 2008 when I just started forex with FXCM I tried to hedge me sell loosing position and I mistakenly instead of BUY I pressed SELL order and even though I did not have enough in my account to open another hudge SELL position ... FXCM opened the SELL to only instantly close all of my positions because they were above the level ....

so they collected the spread (hudge) and immediately closed all my positions to net zero ... while I wanted to open the hedge ... anyways I did not report this to anyone ... I guess my bad ...

So instaforex doesn't seem to be that bad ... you complained ... compained and they gave you back your $600+ ...

Anyways I analyzed your posts ... and your first reponse from the "cheaf dealer" was that you need to have 30% of the original position margin to open a hedge ... so say on 1 lot of GBP/USD 1:500 would be ~300 and 30% of that would be 90 and you say you had 180 USD so it sounds right for me ... they refunded you they money to keep their reputation I guess or they don't know their own business ...

anyways hedging is the same as closing your position entirely ... just remember where it was ... (look at the history) ....

and remember this ... if you had a hedge on EUR/CHF those days of those wierd interventions when the spread was raised to 100+ pips then both sides of your hedge could close just because of spread widening .... remember that ... and it's YOUR FAULT when that happens

also I would NEVER use hedge just to net the loosing position ... so that I can think what to do ...

I would only use HEDGE to trade say 2 separate systems that require positions to be opened both ways .... but each side can close independently ...

insta have really slow execution guys. if u want an offshore broker, better off with someone like fxopen or fxpro.