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Global Broker Regulation & Inquiry App

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InstaForex

The Virgin Islands|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.ifxinvest.net/

Website

Rating Index

Contact

https://www.ifxinvest.net/
4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands
https://www.facebook.com/instaforex
https://twitter.com/InstaForex

Licenses

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

Single Core

1G

40G

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Disclosure

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Danger

ID BAPPEBTI
2022-02-02

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-27
  • 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!
  • The The Virgin Islands FSC regulation with license number: SIBA/L/14/1082 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

InstaForex · WikiFX Survey

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InstaForex · Company Summary

InstaForex Review Summary
Founded2007
Registered Country/RegionBritish Virgin Islands
RegulationFSC(Suspicious clone)
Market InstrumentsForex, Commodities, Indices, Shares, Crypto, Futures
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMetaTrader 4, WebTrader, PAMM System, ForexCopy System
Min Deposit$1
Customer SupportEmail:support@instaforex.com
24/7 Online Chat:Yes
Physical Address:4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands

InstaForex Information

Set up in 2007, InstaForex offers a wide range of trading instruments and high leverage possibilities. Two main advantages of the company are low deposit requirements and thorough educational resources. However, some traders would be concerned as it lacks control in large markets.

InstaForex Information

Pros and Cons

ProsCons
Low minimum deposit of $1Suspicious clone by FSC
High leverage up to 1:1000No MetaTrader 5 platform
Spreads of indices from 1.5 pips

Is InstaForex Legit?

CategoryDetails
Regulatory StatusSuspicious Clone
License TypeRetail Forex License
Regulated ByThe Virgin Islands(FSC)
License NumberSIBA/L/14/1082
Licensed InstitutionInstant Trading Ltd
Is InstaForex Legit?

What Can I Trade on InstaForex?

InstaForex provides over 300 instruments, including forex pairs, commodities, indices, shares, futures, and cryptocurrencies.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Shares
Crypto
Metals
ETFs
What Can I Trade on InstaForex?

Account Types

InstaForex offers standard live accounts. Also, a demo account is available.

Account NameMinimum DepositFeaturesSuitable For
Standard Account$1Leverage up to 1:1000cent accounts, swap-free optionsSuitable for all levels of traders

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable For
MetaTrader 4Web, Mobile, DesktopAll trading levels
WebTraderWebBeginners and casual traders
PAMM SystemWeb, DesktopInvestors seeking managed accounts
ForexCopyWeb, DesktopTraders interested in copy-trading
Trading Platform

Deposit and Withdrawal

InstaForex does not charge fees for deposits. The minimum deposit required is $1 for the Standard Account.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$1Free1-3 business days
Credit/Debit Card$1FreeInstant
PayPal$1FreeInstant
Bitcoin$1FreeVaries
Litecoin$1FreeVaries
Ethereum$1FreeVaries
Tether$1FreeVaries
Other Payment Methods$1FreeDepends on method chosen
Deposit and Withdrawal

Broker Information

Company Name

Instant Trading Ltd (BVI)

Abbreviation

InstaForex

Regulatory Status

Suspicious Clone

Platform registered country and region

The Virgin Islands

Company website
Company address
  • 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address

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Company Summary

Review

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