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Instaforex, are they honest and reliable?

  • #121
  • Apr 4, 2013 1:19pm Apr 4, 2013 1:19pm
Quoting jhehe
I would just to to note something: I've had a pretty positive experience with Instaforex for the past little while until recently when I noticed that my take profits are not closing. I can see a clear indication that the price has hit the take profit level and the trade still hasn't closed. now, i made sure that slippage was off so there is no pip deviate and yet i still got this problem. i actually posted my dilemma on another forum, which i can post here below. see for yourself: this is the third time when I can see a clear indication of price...
The bid is drawing the charts. When you have a short (sell order) you have to cover (buy back) at the ask price. Thus the price on the chart can seem to touch your TP but if you factor the spread the Ask line never does.
If you aim for the stars- but miss, you still get the moon...
  • #122
  • Jun 13, 2013 5:11am Jun 13, 2013 5:11am
Quoting khaledtag
i have been trading live successfully with insta but with a tiny deposit ... now i'm thinking about depositing $2000 i heard that all brokers that use online payment processors are not reliable i thought about FXDD but the $35 commission the bank takes every withdrawing is backing me up so depending on your experience what is the best for me ?
Why is Instaforex having trouble honoring its clients withdrawals? They sent me this message:

Dear Partner!

Your request for withdrawal is active. Unfortunately some delays appears because of the reason there are a lot of requests at the moment. So we kindly ask you to wait a little bit more.
Sorry for the inconvenience and hope for your understanding.

Should you have any questions or comments, please don’t hesitate to contact us. We highly appreciate your feedback!

Sincerely yours
Partner Relations Department
InstaForex Companies group
Forex | Online Forex Trading | Currency Trading | Forex Broker

InstaForex Partners Facebook Group
InstaForex Partners Facebook Page
InstaForex Partners Twitter
InstaForex Partners Google+

Check out these facts:

Instaforex receives client wire transfers to its main account posted on their website as follows:

Beneficiary:*Technocash*Ltd
Beneficiary's address:*105*Pitt*St,*Sydney,*NSW,*2 000,*Australia
Beneficiary's account number:*034702*231554
Beneficiary's bank SWIFT:*WPACAU2SXXX
Beneficiary's bank:*Westpac*Banking*Corporation
Beneficiary's bank address:*264*Church*St,*Parrama tta,*NSW,*2150,*Australia

Well did you know that US prosecutors have announced 45 bank accounts have been restrained or seized.
According to an indictment, three Westpac bank accounts held in the name of Technocash Ltd contained $US36.9 million ($A38.4 million) have been seized. Under a Mutual Assistance Treaty bank accounts in Russia as well as Australia have been restrained. Put the pieces together and this may explain what is happening. Does this explain why the sudden change by Instaforex to pay clients 50% of their money in November. Will they even be around in November. My advice STAY AWAY FROM INSTAFOREX. THEY MAY NEVER RECOVER FROM THIS! If i am wrong I welcome any Instaforex Representative to rebut this statement.

The original news article can be found at the following link:


Read more: Liberty Reserve Shut Down in $6 Billion Online Money Laundering Case


Instaforex (InstaMarkets Ltd.) is supposedly licensed by the International Financial Services Commission in Belize.

http://www.ifsc.gov.bz/list-j.html

Lets begin to register our complaints with them and begin to explore a class-action lawsuit against InstaMarkets Ltd. and its principals. Anyone with a legitamite complaint against Instaforex please PM me or email me at [email protected].
  • #123
  • Jun 14, 2013 11:31am Jun 14, 2013 11:31am
@Iig - it's not surprising. they say on their website that their withdrawal is 7 hours for working days, i waited almost a week for my last withdrawal, it was more like 4 and a half days later when i received my funds into my paypal account. and yes, i have used instaforex before as they offer a 3 pip fixed spread on all major pairs, which is slightly better than some other market makers such as WWM where some major pairs actually go up to 4 pips. also, i do not use instaforex anymore. right now, i am sticking with an ecn broker for the purpose of day trading. i generally prefer fixed spreads especially when i used to do longer term trading because i don't have the time for short term. with a market maker, they offer swap free accounts which i use in my favor.

however, the more i've used instaforex, the more sly i noticed they are. with my current broker, i'm getting speeds of 10,000 kb/s, i'm not sure if this is good or not, but so far, it is working for me as i can get split second execution even though i'm not an ultra high frequency trader nor a high frequency trader so it's working for me so far. now, with instaforex, connected to their USA server, i'm barely getting 100 kb/s. now, when i'm losing money so equity is below balance, i see the speed pick up dramatically to even 500 kb/s. when i'm "in the money", i see the speed really just lower on me.

for those reading reviews and see some people claiming that execution takes about 2 to 3 seconds, don't make the assumption that they have a poor internet connection or something. instaforex will really do what they can to make trading hard for you. you will see that you can get a 1000 kb/s connection if you were to participate in some of their demo contests, but just deposit $10 and open a live account and you will see how they are manipulating the speeds. don't trust what i say and don't trust what other reviewers say, just see for yourself...if not, then trust us.
  • #124
  • Jun 14, 2013 4:24pm Jun 14, 2013 4:24pm
all russian brokers are scam.!
  • #125
  • Jun 21, 2013 2:04am Jun 21, 2013 2:04am
Quoting IFX Kseniya
{quote} We will be glad to see the full picture of your situation. Please provide all the data.


As an employee IFX otherwise you can not write.:-)
  • #126
  • Jun 22, 2013 12:39am Jun 22, 2013 12:39am
I feel that its good to trade in instaforex broker only if you are getting their bonus money for trading but i personally would not consider to invest my real money because of many issues which they have.
  • #127
  • Jun 22, 2013 3:19am Jun 22, 2013 3:19am
So American Mafia got them too....They do not want anyone to prosper except their own friends in wall street. LR was perfectly legit except in the eyes of US which could not get any benefits from it so they shut it down with some bogus charges of money laundering and what not...

Everyone is a thief or a terrorist if he does not bend to US government..HSBC was the chief operator of drugs trade in America and as they were friends with the fed, they were just fined and let it go....HSBC still deals with drugs traders and tax avoiders and US has no problem with them..Google it for more info..

You cannot blame Instaforex if LR and some banks has issues. Even though I do not so much like Instaforex....I do not blame them for US manipulation of Finance all over the world
  • #128
  • Jun 22, 2013 9:33am Jun 22, 2013 9:33am
Quoting spiderforex
So American Mafia got them too....They do not want anyone to prosper except their own friends in wall street. LR was perfectly legit except in the eyes of US which could not get any benefits from it so they shut it down with some bogus charges of money laundering and what not... Everyone is a thief or a terrorist if he does not bend to US government..HSBC was the chief operator of drugs trade in America and as they were friends with the fed, they were just fined and let it go....HSBC still deals with drugs traders and tax avoiders and US has no...
Instaforex has and always will be the biggest joke of a broker ever to exist.
  • #129
  • Jun 22, 2013 8:34pm Jun 22, 2013 8:34pm
Yes. They are but their are bigger jokers around but protected by the biggest Mafia on the planet.

http://beforeitsnews.com/banksters/2...o-2433156.html

Former VP Of HSBC Blows Whistle: ‘We Were Laundering 100′s Of Millions For Drugs” (Video)

Inserted Video
  • #130
  • Jun 22, 2013 9:00pm Jun 22, 2013 9:00pm
It's a shame that they're a scam. They have some really good looking employees! I especially like Ekaterina and Irina. : ) Maybe, I would've considered opening an account just so I have an excuse to go visit them in Russia. I've always wanted to visit Russia anyway.

It's a shame that they are able to sleep at night knowing that they might be destroying lives around the world. You know, money and material things don't mean that much. You will realize it some day. There are many more honest ways to make a living. Even if you don't make that much money, you will be happy knowing that you are doing something positive for society, or at least not doing something bad.

We are taught to subconsciously believe that beautiful women are also beautiful on the inside. I know it's not true but makes me a little sad when they prove it.

http://www.instaforex.com/team.php
  • #131
  • Jun 22, 2013 9:12pm Jun 22, 2013 9:12pm
Ahh... takes me back in time. When I was in college, my friend was dating this Russian girl. Prettiest thing I had ever seen! And she was such a great person too. I would've dated her in an instant. Screw the guy code. But my friend never broke up with her. I wonder if he's still dating her.
  • #132
  • Jun 26, 2013 12:51am Jun 26, 2013 12:51am
I have not had any problem with them so far, but recently one of my close friend had made a profit of $1200 from $200 bonus money but he was not paid the profits and the orders were closed as error orders. :O
  • #133
  • Jun 26, 2013 2:38am Jun 26, 2013 2:38am
Quoting card
It's a shame that they're a scam. They have some really good looking employees! I especially like Ekaterina and Irina. : ) Maybe, I would've considered opening an account just so I have an excuse to go visit them in Russia. I've always wanted to visit Russia anyway. It's a shame that they are able to sleep at night knowing that they might be destroying lives around the world. You know, money and material things don't mean that much. You will realize it some day. There are many more honest ways to make a living. Even if you don't make that much money,...

YACK!!!! a fu..kg bunch of ugly thugs
  • #134
  • Jun 26, 2013 3:26am Jun 26, 2013 3:26am
I don't know if I've posted here before. But i traded with them when i started.... Until i found out they were widening spreads (from like 3 to 9p) to stop out my scalps.. That was enough for me... Also withdrawals are timely and a pain in the arse you have to harass them constantly or it wont happen (i waited 3 weeks once)...
  • #135
  • Jun 26, 2013 3:29am Jun 26, 2013 3:29am
Quoting RBlackburn
I don't know if I've posted here before. But i traded with them when i started.... Until i found out they were widening spreads (from like 3 to 9p) to stop out my scalps.. That was enough for me... Also withdrawals are timely and a pain in the arse you have to harass them constantly or it wont happen (i waited 3 weeks once)...
Looks like Axitrader stopping you out quite a bit too looking at the account!
  • #136
  • Jul 22, 2013 11:41pm Jul 22, 2013 11:41pm
In forexpeacearmy, Instaforex has lots of scam activities and very bad broker.
  • #137
  • Jul 23, 2013 2:58am Jul 23, 2013 2:58am
Quoting wah_castle
In forexpeacearmy, Instaforex has lots of scam activities and very bad broker.
Yes, FPA has decided to move Insta to Scam Broker, and Insta has a announcement about that issue on their website. Who's true? I don't know but FPA is a good forum and there are still a lot of regulated brokers outside, I think it's better to pick another broker for my trading.
  • #138
  • Nov 11, 2013 12:32pm Nov 11, 2013 12:32pm
Please, continue - this is quite interesting <_<..
uphill battle
  • #139
  • Dec 14, 2013 8:55am Dec 14, 2013 8:55am
any updates about the reliability of instaforex....
R!$$@dUM
  • #140
  • Dec 15, 2013 9:28am Dec 15, 2013 9:28am
the best thing is to test by yourself if you type any broker name with scam in google you would see lot of bad review and this would lead to chaos confusion insanity and nothing else therefore it would be better to 1st open account with small deposit and then test it by yourself
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