Instaforex, are they honest and reliable?

they are kinda ... scam
http://www.forexpeacearmy.com/forex-...instaforex.com

" Instaforex, are they honest and reliable ? " hahaha sorry , but you make me die laughing...
Well , here are the proofs that InstaForex is a dangerous Scam-Broker.
And because some scammers, like Nesta , say that FPA's judgment is not valid (lol ) , here are the reviews of many other specialized websites :

ForexFraud Website :

DonnaForex :

ForexCentral :

Forex Rewiev & News :

FPA :


From Malaysia :


and from Pakistan :


One of many complaints against Instaforex :

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And finally , the scam of the famous " no deposit Bonus " :

It's enough ?

Scammer Nesta continues to offer to FF members INSTAFOREX's scam-proposal called "Startup Bonus" or "No Deposit Bonus" :

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Ok , where is the scam ?

Please , read these Instaforex rules :

" Principles of bonus program :
- The bonus funds are not available for withdrawal.
- The Client agrees that in some cases the Company can ask him/her to replenish his/her account with real funds."

FF members , have you understood ?

1) The bonus money are not available for withdrawal.
2) InstaForex gives you virtual money , BUT then he ask to replenish your account with real money !

All clear ?

FF traders , please , if you want to save your precious money stay away from scammer Nesta and INSTAFOREX.

And if not enough the opinions about Nesta's broker ( InstaForex ) of above post #182 , here is the judgments of 2 Financial Institutions : AMF ( Autoritè des Marchès Financiers ) , France and OSC ( Ontario Securities Commission ) , Canada :

AMF :

OSC :

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CySEC just fined InstaForex’ and ForexMart’s owner with with 130 000 EUR for offering clients inappropriate bonuses and leverage.

The fine, imposed by CySEC, is actually divided in two – 90,000 EURO in connection to company policies of “not acting fairly, honestly and professionally in accordance with the best interests of its clients” – here the regulator points out the use of leverage, granting of bonuses/trading benefits and issues with the clients’ negative balance protection.

Another 40 000 EUR of the fine is imposed, because Instant Trading EU Ltd has failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate for them.

my account with instaforex just been trade disabled this morning. just don't know why...I was planning to make more deposit, i guess, i should not.

I have been using demo account with instaforex

they charge 3 pips as their commission (too much in my opinion, how can one scalp with such amount of commission?), i dont trust their charts as well, there seems to be a lot of price difference

they stop my trading before it hits the SL, it has been happening too frequently and so i dont feel comfortable using live trading with them.

regards