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InstaForex -

Score

1.53 /10
Danger

InstaForex

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ifxglobe.com

Influence

D

Add brokers

Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.19

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

ID BAPPEBTI
2023-04-20
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
InstaForex
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Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
InstaForex
Nadex
Xtreme Markets
Oxtrade
NordFX EU
AccuIndex
PO TRADE
Binarycent
VOBLAST
FXPRIMUS
Deriv
HSB Forex Trade
FXVIEW
Fidelcrest
LegacyFX
FBS
MarketsVox
EVEREST
TriumphFX
Exclusive Markets
ForexVox

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2025-06-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The The Virgin IslandsFSC regulation (license number: SIBA/L/14/1082) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Scam broker.

A client of InstaForex claims this broker compensates their low spreads and commissions by charging higher withdrawal fees.

Mayaz Ahmad
2021-06-24 17:14
Unable to Withdraw

unable to withdraw

I have tried twice to withdraw funds on my trading profits but it was rejected by Instaforex. I tried to contact cs via email but they didn't provide a solution .

agus santoso
2021-10-12 14:03
Unable to Withdraw

Unable to withdraw funds

3 days waiting for the withdrawal of funds..fraudulent brokers..I will make them, these fraudsters be punished for life..don't use this broker..they eat people's money.

FX7068172282
2023-06-03 12:20
Others

Scam broker

I wanna report the scam-broker - Instaforex - reccomemded by scammer Nesta. As you can see, scammer Nesta continues to offer to FF members Instaforex’s scam-proposal called "Startup Bonus" or "No Deposit Bonus" .

FXTrader
2019-11-13 19:58
InstaForex · Company summary
InstaForex Review Summary
Founded2019
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFSC (Suspicious Clone)
Market InstrumentsCurrencies, Shares, Indices, Metals, Oil & gas, Commodity futures, Cryptocurrencies, InstaFutures
Demo Account✅
LeverageUp to 1:1000
Spread3-7 (Standard account)
Trading PlatformMT4/MT5/Multiterminal/Web/Mobile trader
Minimum Deposit1 USD
Bonus✅
Customer SupportLive chat
Phone: +9718000321266
Email: support@mail.instaforex.com, complain@instaforex.com
Facebook, Twitter

InstaForex Information

InstaForex is a broker. The tradable instruments with a maximum leverage of 1:1000 include currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. The broker also provides four accounts. The minimum spread is from 0 pips and the minimum deposit is 1 USD. InstaForex is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.

InstaForex Information

Pros and Cons

Pros Cons
MT4/MT5 availableSuspicious clone FSC license
24/7 customer supportNegative comments about difficulty in withdrawal
Swap freeUnspecific fee information
Spread as low as 0 pips
Demo accounts available
Various tradable instruments
Low minimum deposit
Bonus offered

Is InstaForex Legit?

InstaForex holds a Suspicious Clone license with license type Retail Forex License and the license number is SIBA/L/14/1082, making it less safe than regulated brokers.

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
British Virgin Islands Financial Services Commission (FSC)Suspicious CloneInstant Trading LtdThe Virgin IslandsRetail Forex LicenseSIBA/L/14/1082
InstaForex license
InstaForex domain

What Can I Trade on InstaForex?

InstaForex offers a wide range of market instruments, including currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures.

Tradable Instruments Supported
Currencies✔
Shares✔
Indices✔
Metals✔
Oil & gas✔
Commodity futures✔
Cryptocurrencies✔
InstaFutures✔
Bonds❌
Options❌
ETFs❌
InstaForex products

Account Type & Fees

InstaForex has four account types: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. Traders who want low spreads and low leverage can choose Insta.Eurica and Cent.Eurica accounts. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account TypeInsta.StandardInsta.EuricaCent.StandardCent.Eurica
Minimum Deposit1 USD1 USD1 USD1 USD
Maximum DepositNo limitNo limit1,000 USD1,000 USD
Spread3-703-70
Commission❌0.03%-0.07%❌0.03%-0.07%
Maximum Leverage1:10001:10001:10001:1000

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

InstaForex cooperates with the authoritative MT4 and MT5 trading platform available in Windows, desktop, and mobile to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4✔WindowsBeginners
MT5✔Desktop/MobileExperienced traders
Multiterminal✔Windows/
Web✔Web/
Mobile trader✔Android/iOS/Huawei/

Deposit and Withdrawal

The minimum deposit is 1 USD. InstaForex accepts Bank Card, Bitcoin, PayCo, Tether, Ethereum, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

Bonus

InstaForex provides 55% Bonus to every deposit and offers traders a matchless opportunity to receive the 30% Welcome Bonus to their trading account. Every trader holding an InstaForex Club Card is free to apply for the Club Bonus.

Bonus100%55%InstaForex Club Bonus
Bonus amount100%55%33%
Withdrawal✔✔✔
Compatibility❌❌30% bonus

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