I'm confused why InstaForex is so popular | Forex Factory

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I'm confused why InstaForex is so popular

  • #1
  • First Post: Edited 4:42am Aug 13, 2015 12:29am | Edited 4:42am
After investigating, I found the forex Trading at InstaForex isn't under any regulation.
So I'm so confused why InstaForex can be so popular? Almost above most brokers.
It's so difficult for me to accept it. Who can tell the real reason?

"The licenses of the FFMS received by InstaTrade Investment Company do not foresee the brokerage services on the Forex market, as at the moment there are no special licenses in Russia giving the right for this kind of business. "
  • #2
  • Aug 13, 2015 1:08am Aug 13, 2015 1:08am
Suddenly found there is a category in the forum called "Broker discussion". Can the administrator move my thread there?
On the contrary, I think it's ok to keep my thread here, considering this topic is on questioning traders' behavior instead of broker's.
  • #3
  • Aug 13, 2015 1:17am Aug 13, 2015 1:17am
yup, and tradersway.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #4
  • Aug 13, 2015 4:42am Aug 13, 2015 4:42am
I really want to know why?
  • #5
  • Aug 13, 2015 6:01am Aug 13, 2015 6:01am
I could list 50 brokers that I have know idea why people open accounts with them.

Each to their own I guess!
Out of interest Op who is your broker?
  • #6
  • Aug 13, 2015 5:27pm Aug 13, 2015 5:27pm
Instaforex give no deposit bonus and you can withdraw any profits .
  • #7
  • Aug 13, 2015 8:48pm Aug 13, 2015 8:48pm
Quoting mitch77
I could list 50 brokers that I have know idea why people open accounts with them. Each to their own I guess! Out of interest Op who is your broker?
Currently I am still looking for some brokers with low spreads and found it's so difficult.
Some brokers have low spreads, but without robust regulation.
Other brokers have good regulation, but with high spreads.
  • #8
  • Aug 13, 2015 9:12pm Aug 13, 2015 9:12pm
Quoting Eragon93
Instaforex give no deposit bonus and you can withdraw any profits .
Instaforex gives 40% Welcome Bonus increased from the original 30% and you say it gives no deposit bonus?

https://www.instaforex.com/forex_bonus.php

For withdrawing profit, of course they are not going to put on the website "We do not allow withdrawing of your profit". But all you have to do is make some profit and see if you can withdraw them or do you want to waste your time doing that? And mind you, when you withdraw all of your funds and close the account, you have to give back the welcome bonus.
Make your losses in demo. Earn your profits live.
  • #9
  • Aug 14, 2015 11:48am Aug 14, 2015 11:48am
Quoting jollydragon
After investigating, I found the forex Trading at InstaForex isn't under any regulation. So I'm so confused why InstaForex can be so popular? Almost above most brokers. It's so difficult for me to accept it. Who can tell the real reason? "The licenses of the FFMS received by InstaTrade Investment Company do not foresee the brokerage services on the Forex market, as at the moment there are no special licenses in Russia giving the right for this kind of business. "
I wonder why traders keep asking about those scumbags, there are tons of scam cases thousands of monies were defalcated of done traders.
Do your own due diligence.
  • #10
  • Aug 16, 2015 2:51am Aug 16, 2015 2:51am
Why indeed?
All I can say is that do not believe too much on what other people are claiming online about certain brokers, unless you experienced it yourself. Am not trying to depend InstaForex, they have been on forex trading business since 2007 and I been trading with them since 2010 and until now they are still operating and am still with them at this very moment, if this broker is indeed scammer then this company already been dissolved for a very long time. Why does other so called regulated big brokers went bankrupt? and why Insta is still running? think of that...the only way you can say the broker is scammer if you have been scam yourself by them, but if you only read "scam" from other sites and just want to repeat what you read, then you better keep your silence if you have nothing to back up your accusations. Peace!
  • #11
  • Aug 16, 2015 8:42pm Aug 16, 2015 8:42pm
Quoting Liza J
Why indeed? ...
Quoting leebsurag
{quote} I wonder ... .
Yes, it looks like that you both haven't any proof to oppose each other. Please note this topic is on the broker "InstaForex" only.
It doesn't make sense to mention InstaForex is still running. You know a Conspiracy may take a long haul.
  • #12
  • Aug 16, 2015 9:42pm Aug 16, 2015 9:42pm
I guess that plenty of advertising matters as well. InstaForex is just everywhere on the web, isn't it?
  • #13
  • Aug 16, 2015 10:44pm Aug 16, 2015 10:44pm
Quoting jollydragon
{quote} {quote} Yes, it looks like that you both haven't any proof to oppose each other. Please note this topic is on the broker "InstaForex" only. It doesn't make sense to mention InstaForex is still running. You know a Conspiracy may take a long haul.

Because it's still running and more popular than ever, maybe because it's one of the old broker I know and still running, Maybe because some traders find something in this broker that they can't find in other brokers...perhaps? Actually only those traders who's been trading in InstaForex for a long time can tell why...and what conspiracy you are talking about? do you have proof or something? can you share with us about it?
  • #14
  • Aug 16, 2015 10:51pm Aug 16, 2015 10:51pm
Dont forget Justin Bieber
  • #15
  • Aug 17, 2015 12:03am Aug 17, 2015 12:03am
Quoting Dunno67
I guess that plenty of advertising matters as well. InstaForex is just everywhere on the web, isn't it?
Ah yes, I just browsed recently the brokers advertised in this forum and I see 16 brokers I guess they are more popular than InstaForex considering this forum is famous worldwide and naturally many traders will browse that section. Actually, it's a common sense, brokers should advertised their brokerage company because how will they reached their future clients if they will just hide in the dark, right?
  • #16
  • Last Post: Aug 17, 2015 2:34am Aug 17, 2015 2:34am
Quoting jollydragon
{quote} {quote} Yes, it looks like that you both haven't any proof to oppose each other. Please note this topic is on the broker "InstaForex" only. It doesn't make sense to mention InstaForex is still running. You know a Conspiracy may take a long haul.
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