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Instaforex, are they honest and reliable?

  • #61
  • Feb 15, 2012 5:54pm Feb 15, 2012 5:54pm
Quoting AlastorFate
How the hell did they get the best broker awards?

http://en.wikipedia.org/wiki/InstaForex#Awards
a) ShowFX World is their own expo company so they can give themselves any awards they like

b) The other awards are bought
  • #62
  • Feb 16, 2012 5:48pm Feb 16, 2012 5:48pm
I have traded here for 6 month and i never have issue regarding withdrawal and deposit even i'm using wire transfer. They dont have own financial services such other broker, but thats not the point. If they really want to scam, they will collapse long long ago. Still able to got new customer, thats explain instaforex not bad enough. If you want to deposit thousands $ i suggest you to open at ecn broker somewhere, not retail broker like instaforex.
  • #63
  • Feb 17, 2012 2:49pm Feb 17, 2012 2:49pm
Quoting arvoleus
If they really want to scam, they will collapse long long ago. Still able to got new customer, thats explain instaforex not bad enough.
A good scam will always keep going until the money runs out or the culprits are arrested.

There are plenty of resources to learn about Instaforex and their big scam. In each case their only defence is to attack the credibility of the users, or to claim that the website owners are trying to blackmail them into buying advertising in order to obtain a favourable assessment.

For example..

http://www.forexpeacearmy.com/public...instaforex.com
Marked as a scam after an investigation. Many reports of money stolen.

http://forum.masterforex-v.org/index...pic=25984&st=0
http://forum.masterforex-v.org/index...c=10544&st=615
In Russian (Use google translate plugin). More than 70 claims of non payment.

Inserted Video

A video in russian to show how they don't pay

Inserted Video

Another one showing how they manipulate the execution of a profitable trader. (In Russian again sorry)
  • #64
  • Feb 24, 2012 5:50am Feb 24, 2012 5:50am
Guys, I found chicks who will be the winners of "Miss Instaforex Asia"!
Here are they:
Attached Image
  • #65
  • Feb 26, 2012 12:43pm Feb 26, 2012 12:43pm
Quoting Takisd
lol @ instaforex... all you have to do is go to google and type "instaforex scam"..


Actually all you have to do is type "any broker scam" on google and you'll find horror stories about them all. It would be great if Consumer Reports or some other independent body covertly checked them all out and ranked them. I'd pay for that report.
  • #66
  • Mar 23, 2012 1:29am Mar 23, 2012 1:29am
I been trading with Insta Forex for almost 1 year already. It's my first broker. I don't use my own money when trading because am still a newbie...instead I post in their sponsored forum and earn bonus money to trade in their accounts. So far so good...my only question is if Insta is trying to scam their clients then why would they pay me regularly every time I withdraw profits from the bonus account?

Remember...I am using their own money to trade...I never spend a single dime from my own pocket yet they continue releasing my profits I earn from their own money. Just want to let everybody know that Insta release all my withdrawals in time. I am very pleased with that.

I have read all the negative feedbacks here about Insta. Just that I never experience any bad services from them. I really trust Insta Broker...because of my own good experiences with them. I will continue to trade with them as long I will continue trading forex.
  • #67
  • Mar 23, 2012 2:43am Mar 23, 2012 2:43am
Quoting Liza J
I been trading with Insta Forex for almost 1 year already. It's my first broker. I don't use my own money when trading because am still a newbie...instead I post in their sponsored forum and earn bonus money to trade in their accounts. So far so good...my only question is if Insta is trying to scam their clients then why would they pay me regularly every time I withdraw profits from the bonus account?

Remember...I am using their own money to trade...I never spend a single dime from my own pocket yet they continue releasing my profits I earn from...
"...........why would they pay me regularly every time I withdraw profits from the bonus account?
Remember...I am using their own money to trade...I never spend a single dime from my own pocket yet they continue releasing my profits I earn from their own money."

your question is the answer!

this brokerage is not a commercial enterprise............it's a charity!

don't you think so?
  • #68
  • Mar 23, 2012 8:54am Mar 23, 2012 8:54am
Quoting >Apocalypto<
muppets like always defend your broker tilll your the one crying to us all that you have lost your moeny....

Just like the people that traded with JadeFX and that chop shop in Panama that every one was pumping up till they lost their money.

instaforex are a bucket shop if you're happy to trade with mob like that fine....

time will tell just like it always does.
Don't fret. Time is limited for these Panama, Seychelles, BVI offshore bucketshops. Regulated and ECN is the now and the future. There may be a few reputable market makers around in the next 3-5 years, but Instaforex (and the rest of their "group of companies" like liteforex, UWCFX, Corsa Capital etc...) will not be one of them and I can tell you now, with their reputation, they will NEVER be a regulated broker. No regulator will even take their application.
  • #69
  • Mar 29, 2012 11:10pm Mar 29, 2012 11:10pm
Quoting Liza J
I been trading with Insta Forex for almost 1 year already. It's my first broker. I don't use my own money when trading because am still a newbie...instead I post in their sponsored forum and earn bonus money to trade in their accounts. So far so good...my only question is if Insta is trying to scam their clients then why would they pay me regularly every time I withdraw profits from the bonus account?

Remember...I am using their own money to trade...I never spend a single dime from my own pocket yet they continue releasing my profits I earn from...
Hi Liza,

What is the amount money you trade there? Since You said your money was from posting bonus (at forum), I guess it is not big money. Actually, I also with them from several months, but worrying about scam I leave them.
  • #70
  • Mar 30, 2012 2:25am Mar 30, 2012 2:25am
Let's continue...
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Click to Enlarge Name: Wanted!.jpg Size: 480 KB
  • #71
  • Mar 30, 2012 9:17am Mar 30, 2012 9:17am
Quoting hosita
Let's continue...
  • #72
  • Mar 31, 2012 6:29pm Mar 31, 2012 6:29pm
I used Instaforex but the Execution is the worst I used on a MT4 Platform.

But 1000:1 Leverage ! some say crazy but if you trade well you can make easy money.

Deposits charges are a rip off so you have to get the Bonus to cover you Deposit/Withdrawal costs.

I had no problem making a Deposit which was nearly instant into my account

Withdrawal no problems either just the normal 3 days to hit Bank account.

Fixed 3 pip spread or trade spread free on commission but it works out exactly the same.

In a fast moving market forget it you get out after a message PLEASE WAIT but if your using Limit and Stop Orders then no problem.

On the whole if you live in Russia use them IF NOT Use a broker closer to home.

If you want the highest Leverage in the Industry use them but 500:1 should be the max you need given by European Brokers
  • #73
  • Apr 4, 2012 6:12am Apr 4, 2012 6:12am
I am really new to this, and it isn't easy to work out which guys are good to work with, and which aren't!

I keep seeing a lot of adverts for Panamanian companies, but the research I then do doesn't always turn up great stuff. One example is banking4bankers.com. I am quite worried by what Mrs Columbo is saying on her blog at http://michaelmagnussoninthemiddle.blogspot.com

Are these guys legitimate? I can see they do a lot of other stuff, but I am most interested in the forex side of things. Mind you, if they are scamming on the offshore stuff, what is the likelihood they are genuine forex dealers? This forum highlights Instaforex, but how can I check out banking4bankers?

Squire
  • #74
  • Apr 4, 2012 11:41pm Apr 4, 2012 11:41pm
Quoting Squire
I am really new to this, and it isn't easy to work out which guys are good to work with, and which aren't!

I keep seeing a lot of adverts for Panamanian companies, but the research I then do doesn't always turn up great stuff. One example is banking4bankers.com. I am quite worried by what Mrs Columbo is saying on her blog at http://michaelmagnussoninthemiddle.blogspot.com

Are these guys legitimate? I can see they do a lot of other stuff, but I am most interested in the forex side of things. Mind you, if they are scamming on the offshore...
Pepperstone, if u want a decent broker.

scfx
The best indicator is price.
  • #75
  • Apr 10, 2012 2:05am Apr 10, 2012 2:05am
I've never worked with insta and I have no regrets about it. My friend had problems with money withdrawal with insta. shame on them
  • #76
  • Apr 10, 2012 3:55am Apr 10, 2012 3:55am
Quoting PeterParker
I've never worked with insta and I have no regrets about it. My friend had problems with money withdrawal with insta. shame on them
Insta is a nice bucket shop, I wouldn't recommend them even to my enemies.

I'm still amazed how some scam br0kers manage to show a good face while they slaughter their own clients.
  • #77
  • Apr 10, 2012 6:47am Apr 10, 2012 6:47am
Hello,

Quoting Cheese_Mouse
Insta is a nice bucket shop, I wouldn't recommend them even to my enemies.

I'm still amazed how some scam br0kers manage to show a good face while they slaughter their own clients.
Do you have, or had a account with insta? did you make your own experience?

I have a account with them for about a year now and didn't had any problem.
  • #78
  • May 13, 2012 8:58pm May 13, 2012 8:58pm
Quoting Climber
Hello,

Do you have, or had a account with insta? did you make your own experience?

I have a account with them for about a year now and didn't had any problem.
No problems here either. And Russia will be getting (more) proper regulation for forex in 2013, according to ForexMagnates.

While I do encourage people to open account with a broker they feel comfortable with, I suggest you look at actual people that deal with instaforex or any broker and see why they deal with them and what experience they have. Combine that with your own research of their infrastructure (preferibly actual use of their different features, not necessarily only what is on paper). When it comes to opinions about brokers, people tend to mis-use the word a lot. The slightest technical difficulty and the sky can be falling. If it really bothers you that much, why not just take a plane ticket to the office and see for yourself.

FxOpen went through a similar type of bashing years ago. (I think they are out of Cyprus). I didnt have a problem with them and today I think there offering is 3 times better, with more deposit/withdraw options, ECN, and a very thoughtout client cabinet where many of the deposit and withdraw operations are automated. But they are strict in only allowing withdrawals to be in the same method as deposits, no matter how long ago the deposit was. There might be exceptions, but i guess you'd have to check with them first. I wouldn't hesitate to use them again.

The whole "feel safe" mindset carries over from expecting big brother to do everything for you. No broker can be all things to all people. The majority of your time should be spent on trading strategy anyway.
Measure trends automatically with zero lag
  • #79
  • May 13, 2012 10:58pm May 13, 2012 10:58pm
In this moment leverage max is 1000??
very nice, good price..!
  • #80
  • May 13, 2012 11:47pm May 13, 2012 11:47pm
Quoting Jose Louis
In this moment leverage max is 1000??
up to $1,000 USD per account. afterwards, it goes back to 1:600 max.
Measure trends automatically with zero lag
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