Instaforex (Russia) trouble | Forex Factory

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Instaforex (Russia) trouble

  • #1
  • First Post: Sep 10, 2015 1:22am Sep 10, 2015 1:22am
Hello every one.
I have open an account in INstaforex. I have a bitter experice in Instaforex. Instaforex clauses are very dangerous wich I came to know when i opened an account.

1- WHen Data (US unemployment) came, the stop loss they increased deleibrately. if you loss. they dedcut money. when we gain any thing , they deduct 90% profit from us.

2- stop loss increased and take profit decreased automatically when data came .

3- When I withdrwal all amount from instaforex, they deduct my all profits and their email comes from anti fraude department that we earn little bit from data so we have right to deduct.

I have all proves. all emails and pictures.

My suggestion not to trade in Insta Forex. If you need the proves then let me know.
  • #2
  • Sep 10, 2015 1:23am Sep 10, 2015 1:23am
Email comes from INstaForex.

InstaForex Account Debit

Dear Hafiz Muhammad Shahzad,
This email is to inform that your account was subject to correction by InstaForex Antifraud Department by the following parameters:

319.65 USD || CLAUSE 5.12. CORRECTION

The reason of correction:

Your account No.1348851 revealed trading strategy involving making risk-free profit out of non-market situations.

The trades were cancelled by the company in accordance with the clause 5.12. of the Public Offer Agreement.

5.12. When the price change, connected with the difference between the instrument last price at market close and the instrument first price at market open, or connected with news release, leads to a profit higher than 10% of the initial deposit, the Company reserves the right to use correction of such trade financial result in the size proportionate to the difference of the abovementioned prices in pips, by means of deducting the funds with the comment "Clause 5.12. correction". In certain cases it is at the Company’s discretion to set the minimal profit change below a 10% level (of the initial deposit).

To avoid such situations, we recommend you to refrain from using trading strategies aimed at making riskless profit out of software vulnerabilities and technical setbacks since such strategies contradict the terms of the Public Offer Agreement.

If you have any questions, please email us to [email protected] in case you have any questions.

Our specialists are ready to provide you with professional advice on the matter.
Sincerely,
Automatic Notification Service
  • #3
  • Sep 10, 2015 5:54am Sep 10, 2015 5:54am
Do you have any captured images proof, pls share. Insta has a lots of cust in my country..... Tks!
  • #4
  • Sep 10, 2015 7:12pm Sep 10, 2015 7:12pm
Quoting shahzad dar
Email comes from INstaForex. InstaForex Account Debit Dear Hafiz Muhammad Shahzad, This email is to inform that your account was subject to correction by InstaForex Antifraud Department by the following parameters: 319.65 USD || CLAUSE 5.12. CORRECTION The reason of correction: Your account No.1348851 revealed trading strategy involving making risk-free profit out of non-market situations. The trades were cancelled by the company in accordance with the clause 5.12. of the Public Offer Agreement. 5.12. When the price change, connected with the difference...

Well they are are not known as Instafruadex for nothing! This isnt a broker. Its a russian owned den of thieves. I have NEVER encountered one positive post concerning this outfit. Good luck.
FF = Forex Faggots
  • #5
  • Sep 10, 2015 7:28pm Sep 10, 2015 7:28pm
instar is king of scam.
  • #6
  • Sep 11, 2015 2:23am Sep 11, 2015 2:23am
In this picture, you can see the pending order , not hit, the stop loss on buy stop and sell stop in currencies are 3 pip mrgin but those trade hits on data, the Instaforex scam increase my stop loss and decreased my tp. moreover, they didt stop where they put my sl.Insta skip my sl to 300 pips and stop where they would like to wish.
Attached Image (click to enlarge)
Click to Enlarge Name: skiping or scam.gif Size: 198 KB
  • #7
  • Sep 11, 2015 2:51am Sep 11, 2015 2:51am
Quoting shahzad dar
Hello every one. I have open an account in INstaforex. I have a bitter experice in Instaforex. Instaforex clauses are very dangerous wich I came to know when i opened an account. 1- WHen Data (US unemployment) came, the stop loss they increased deleibrately. if you loss. they dedcut money. when we gain any thing , they deduct 90% profit from us. 2- stop loss increased and take profit decreased automatically when data came . 3- When I withdrwal all amount from instaforex, they deduct my all profits and their email comes from anti fraude department...
actually this broker is good for newbie trader , or intraday trader
but if you start to making profit , a big one, you must withdraw all and change your account
from your explanation i think you are trading the news rite?
forget insta if you wanna do news trading
there are more broker accepting news trading as part of your strategy like Tickmill or FXprimus
they wont cancel your hard earned profit
  • #8
  • Sep 11, 2015 4:16pm Sep 11, 2015 4:16pm
Quoting shahzad dar
In this picture, you can see the pending order , not hit, the stop loss on buy stop and sell stop in currencies are 3 pip mrgin but those trade hits on data, the Instaforex scam increase my stop loss and decreased my tp. moreover, they didt stop where they put my sl.Insta skip my sl to 300 pips and stop where they would like to wish. {image}
Looking a t your lot sizes I know why you chose to trade with them: 1:1000 leverage
Demo only
  • #9
  • Sep 12, 2015 3:46am Sep 12, 2015 3:46am
Solution:​

Stop trading with brokers who are not well known ( for the right reasons) and who are not properly regulated.
How on earth do you trust a Russian broker when you cannot even trust the Russian government?? It blows my mind that traders actually trust any broker regulated outside the UK or USA.
Your money is not safe anywhere , but at least go with either a UK ,USA or Swedish broker where regulation actually means something.
I really have no sympathy with traders who opens accounts other than in the above countries.
Offers of high broker leverage from brokers in obscure countries are a recipe for disaster. Period.
G
Never Ever Give Up!
  • #10
  • Sep 12, 2015 6:47am Sep 12, 2015 6:47am
I am trading news on insta forex and i made 2 withdrawals without profit deduction. I asked questions and followed their rules. I know I will be also get cheated in future but so far it's working for me somehow while i am searching for a suitable broker.

I am NOT advocating them here. I don't recommend them and I am also searching for a broker to trade news but so far no success and no one cares to give proper suggestion. So if you find one then post it here.

Insta has uncomfortable conditions and but (so far) better than those so called ECN/STP/DMA scams for news trading.

Those ECN scam brokers "Market Execution" guarantees 3 to 5 second delay for pending orders during news time. Enough to loose a winning trade.

About stop loss widening and TP reduction, when price makes sharp move slippage occurs with them. That widened your SL and reduced you TP.

From your picture above, I can see you closed your profitable trades in less than 5 minutes. You need to keep your trades open at least for 5 minutes and then close it. So they won't cancel your profit. (I am loosing lots of profit because of this rule but at least i am making some money).
  • #11
  • Sep 12, 2015 11:56pm Sep 12, 2015 11:56pm
Quoting darksorrow
I am trading news on insta forex and i made 2 withdrawals without profit deduction. I asked questions and followed their rules. I know I will be also get cheated in future but so far it's working for me somehow while i am searching for a suitable broker. I am NOT advocating them here. I don't recommend them and I am also searching for a broker to trade news but so far no success and no one cares to give proper suggestion. So if you find one then post it here. Insta has uncomfortable conditions and but (so far) better than those so called ECN/STP/DMA...
You are very right friend. trades are closed in less than 5 minutes. So as per their terms and conditions they cancelled his profit. I think traders must have to read terms before joining broker.In the picture you seems to be very aggresive trader who want to lose in few seconds as well want to earn huge in few seconds. So try to find out other broker which will give you scalping for few seconds. I am trading with then since 5 years i had not suffered any problem to withdraw as i try to follow their trading terms
  • #12
  • Sep 13, 2015 1:19am Sep 13, 2015 1:19am
Leave Instaforex like a pest.
  • #13
  • Sep 13, 2015 1:34am Sep 13, 2015 1:34am
Actually i feel if they have set the rules first up and you are aware of it then you can't really blame them, but if it was not there or hidden then i could agree with your frustration, but here the case seems different, but remember it's just my view nothing with you or against you.
  • #14
  • Sep 13, 2015 3:32am Sep 13, 2015 3:32am
There are lots of complants against InstaForex all over the web and many negative reviews, but new traders start trading with it again and again. The marketing and advertising are stronger then common sense.
  • #15
  • Sep 13, 2015 7:51am Sep 13, 2015 7:51am
Quoting shahzad dar
Email comes from INstaForex. InstaForex Account Debit Dear Hafiz Muhammad Shahzad, This email is to inform that your account was subject to correction by InstaForex Antifraud Department by the following parameters: 319.65 USD || CLAUSE 5.12. CORRECTION The reason of correction: Your account No.1348851 revealed trading strategy involving making risk-free profit out of non-market situations. The trades were cancelled by the company in accordance with the clause 5.12. of the Public Offer Agreement. 5.12. When the price change, connected with the difference...
LOL!!! Notice the absence of any Instafruadex Rep replying. Just use your money as toilet paper. Its a better value.
FF = Forex Faggots
  • #16
  • Sep 13, 2015 8:46am Sep 13, 2015 8:46am
I have just started trading and I am using IronFX as my broker. Are they good brokers or they are also in the same category as InstaForex?
Does anyone know anything about them (IronFX)?
  • #17
  • Sep 13, 2015 10:16am Sep 13, 2015 10:16am
Dear all, I also have a bad experience with insta forex. They also give the same email which tell us about the clausa 5.1.2 of public offer agreement. One of a user in this forexfactory suggest me use master for ex@MFX broker. Did some one here have using this broker?? Any negative experience ??
  • #18
  • Sep 13, 2015 2:11pm Sep 13, 2015 2:11pm
Quoting ntshanel
I have just started trading and I am using IronFX as my broker. Are they good brokers or they are also in the same category as InstaForex? Does anyone know anything about them (IronFX)?
I still can't understand why people choose Russian Broker....
  • #19
  • Sep 13, 2015 5:25pm Sep 13, 2015 5:25pm
Quoting ntshanel
I have just started trading and I am using IronFX as my broker. Are they good brokers or they are also in the same category as InstaForex? Does anyone know anything about them (IronFX)?
​
they are so bad bee carefull get out withdraw your money as soon as possible
have a nice day sir
focus while relaxed to see better
  • #20
  • Sep 27, 2015 6:53pm Sep 27, 2015 6:53pm
Quoting Cobra
Solution:​ Stop trading with brokers who are not well known ( for the right reasons) and who are not properly regulated. How on earth do you trust a Russian broker when you cannot even trust the Russian government?? It blows my mind that traders actually trust any broker regulated outside the UK or USA. Your money is not safe anywhere , but at least go with either a UK ,USA or Swedish broker where regulation actually means something. I really have no sympathy with traders who opens accounts other than in the above countries. Offers of high...
Aussie brokers are well regulated and reasonably safe.
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