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Regarding the legitimacy of InstaForex forex brokers, it provides FSC and WikiBit, .

Is InstaForex safe?

Rating Index
2.31
Regulation
0.00
License
0.00
Software Index
9.70
Risk Control
0.00
Business
6.60
WikiFX Detection

Software Index

Full License

License

FSC Unverified

Is InstaForex markets regulated?

The regulatory license is the strongest proof.

Market Making (MM)

FSC Market Making License (MM)

British Virgin Islands Financial Services Commission

British Virgin Islands Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Unverified
  • License Type:

    Market Making License (MM)
  • Licensed Entity:

    InstaFinance Ltd InstaFinance Ltd
  • Effective Date: Change Record

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  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is InstaForex a scam, or is it legit?

The latest exposure and evaluation content of InstaForex brokers.

Unjustified profit deduction
I opened a live trading account with InstaForex a few weeks ago and traded only for few days. During this short time, I made around 224 USD profit by trading XAUUSD and CL with a very small lot size (0.02). Suddenly, InstaForex deducted 215.5 USD from my balance. This was profit from my XAUUSD trades. There was no prior notice or clear explanation. I contacted their support team and also emailed the anti-fraud department. Their replies only mentioned a clause from their agreement. They did not show any specific trade numbers, execution logs, or proof that I violated any rules. I traded manually. I did not use any EA, robot, arbitrage strategy, or high-frequency trading. If a broker cancels a client’s profit, I believe they should provide trade-specific evidence. In my case, this was not done. Because of this experience, I do not trust InstaForex anymore. I am attaching screenshots of my trading history and email replies as evidence.
Scam
This broker is a scam, I have done all the requirements for a $20 ndb withdrawal. When I submitted my withdrawal request, they told me to wait, but then the next day, they canceled it and asked me to try a new withdrawal from my account. When I tried to log in, it was suddenly deleted and archived. It's a complete waste of time. Please provide a logical explanation. I've followed all the requirements from the start, met the lot size requirements, and made the withdrawal according to the terms.
I don't like this broker
I don't like this broker at all, very bad user interface and large spreads that make me lose my trade
Too much spread
This broker is not nice at all, considering how large the spread is, I couldn't even trade for more than 5 minutes before I lost my tradr,Causing me financial losses。

InstaForex Similar Brokers Safe

Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.

InstaForex latest industry rating score is 2.31, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 2.31 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.

InstaForex safe