InstaForex is part of InstaForex Companies Group of Russian origin that provide online trading services for customers from various parts of the world since 2007. Today instaforex clients have spread across 50 countries, and primarily in Europe and Asia. InstaForex supported by the board of directors and a team of young, energetic, and professional.
InstaForex head office located at 30 Teatralnaya, offices 402, 501, 516, 236 022, Kaliningrad, Russia. InstaForex currently not regulated, because in Russia there has been no official government agency that licenses for business in the field of forex. Nevertheless, InstaForex shelter under local association RAFMM Russia (the Russian Association of Financial Market Members) and in coordination with the Russian consumer protection agency FinPotrebSoyuz.
Trading Specification:
* A lot of forex pairs, CFD, Commodities and indexs.
* Account Type Cent or Standard
* No Swap account for islamic account.
* Fixed Spread 3 pips
* No commision
* Forex Copy System
* Leverage up to 1:1000
* 4 digit and 5 digit account avaiable
* Trading Platform : MT4 and MT5
* Method to deposit
* Method for Withdrawal
Let's sum my personal view about this broker then!
Pro:
- A lot of method for deposit money and withdrawal which is rare for brokers.
- Good server for trading execution.
- Very active and lively forum for discussions.
Con:
- A lot of complaints SL and TP being bypass.
- Hard to verify account.
- Waiting time for a cashout up to 1 week.
- Got a lot of tricky terms (read TOS and their rules properly).
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