InstaForex - Forex Broker review

InstaForex belong to the InstaTrade Corporation and have been providing on-line services to customers all around the world since 2007. They are broker that provide access to different existing financial markets to both private and institutional traders.

My research on this company has provided me with good insight about the credibility of this broker, which has had I have to say very poor positive reviews. They claim as usual that their main objective is your satisfaction as a customer and help you succeed but they don’t seem to deliver what they preach.

You would be interested to know that they have been marked as scam on some different forums across the net even though they have had some positive feedback. Guess there was more negative aspect to it than actually positive ones.

Well here are some negative sides that adds to them being classified as SCAM:

• Some customers were charged additional fees on opening an account without even being aware of the transaction
• They claim to give you a welcome bonus on opening an account with them
Hmm… doesn’t seem to be the case when relating to the reviews I came across
• There is a great deal of confusion to where they are actually based
• Very bad customer service, to a point that they don’t even contact you back when you want to withdraw money
• A lot of cases where profit history of customers were deleted from the MT4 trade records. Customers were unable to take profit or withdraw their money
• IMPORTANT NOTE: Some of the customers are still in battle with InstaForex.com to recuperate their money
• Their website always encounters strange problems
• They are known to spam a lot of FX forums with all their ads.

Those are the main points that you should be aware of. We have ample evidence to ring the alarm bell and classify this broker as a SCAM.

A lot of former customers have lost money and not because they suck at trading but simply because they were making good profit and it seems like making money with this broker simply is a no go zone.

To be on the safe side, stay well away from InstaForex.com.

Happy Trading.

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