Instaforex Broker Review
SCAM, STAY AWAY FROM THIS BROKER
Instaforex Broker claims that it is the best brokering service for Foreign Exchange in Asia. The service providers provide tools and opportunities for the traders to work with different financial instruments like forex, stocks and indexes.
As far as the Forex goes, Insta forex Brokers provide more than 140 symbols to trade and the transactions happen in real time with a Leverage rate which is as high as 1:1000. Apart from this, the service also allows Swap-free forex accounts among other things. The trading platform uses the MT4 to provide a comprehensive set which includes leading trading platform and analytics with various charts and reports for helping in the process of decision making. Apart from this, the service also provides Forex calculators with real time prices and access to various technical indicators of the market.
The other key things in Instaforex Brokers is that they have something called the signing bonus. They provide a part of the opening amount as an additional bonus thus increasing the initial capital. They also have an affiliate program to improve their reach among people and also host various contests to give traders extra money earning possibilities, which makes it look very lucrative. The other benefits of Instaforex Brokers is that they allow the account to be opened at as less as 1 dollar, and the smallest of the bids allowed are as less as 0.01 lot, which is 1000 dollars. This makes Instaforex Brokers useful for people who want to play with small amounts.
However, there are various people who claim to have been scammed by this platform. The company at least has a lot of rules as to how it perceives the bonus amount is awarded and can be used and this creates some sort of complexities since the platform automatically cancels deals which it thinks are not legitimate. However, there are also a lot of people who testify that the system works wonderfully well for them and the quick and prompt Paypal service is what makes it even more wonderful, and there are people who have gotten thousands of dollars as bonus as well. The other drawback of this system is that it does not support Mobile MT4 for trading.
All in all, Insta forex is not a recommended broker! I’ve been scammed by them myself, multiple users have commented about being scammed, and on top of that they continue to try to spam my blog with fake positive comments on this post to make it look like all is well over there.