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Risks are clearly laid out on its homepage. But even so, fees seem designed to make you lose and the broker win. The US is currently fretting over a broker called Robinhood, which has attracted huge numbers of youngsters to trade. IG assures us Tastytrade is no Robinhood. Investors in its futures and options products are sophisticated, very rich people. All true, no doubt. But with an interventionist President in the White House, those regulators might clamp down on these jazzy brokers one day.
Login Register. ES Money. The Escapist. The Reveller. ES Best. ES Mag. Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker. A few that I can mention include low minimum deposit only USD1 and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.
After more than 1 year I finally knew the downside of this broker. Below is their email:. We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:. On your account xxxxx were fixed orders contradicting with point 3. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.
We apologize for the inconvenience, and feel free to contact us by email address antifraud mail. This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta. InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too.
Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs. When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money.
They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful. I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful.
It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on. After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all. When I try to contact them via email and chat, they're very responsive and help me to send some verifications.
They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex. My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. The support gave me some directions to email the antifraud.
Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers. My Ib explained I might violate some rules regarding close and open positions. I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts.
Everything goes well and the financial transaction is smooth too. I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better. Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.
I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker. Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.
Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses.
The best broker is Instaforex. Easy deposit 15 minutes and withdrawal. InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:.
I've won a trading contest rally fx but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing. Once, I received an affiliation bonus. My account was negative for several hours then turned back to normal the next day.
I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.
I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones. I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad. Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. The trading platform is essential as you can't execute a trade without it.
Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.
For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms.
The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To add more insights in your exploration, we have gathered the most popular broker comparisons in our site, chosen by our visitors:. Search a Broker Broker Finder. Beckley Uk Jul 22 I can't close my sell order with take profit execution, while everything is normal for buy order Marcus Ny Jul 22 I failed to log in even though I'm already sure that I write in the right account no.
Tony Brown Jul 22 I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. Mxtrade Jul 22 I'm so turned off by this broker. Henry Taylor Jul 22 Accessing their features is getting more difficult each day.. Eric Henderson Jul 22 I requested callback for so many times but they never call me. Wilson Jul 22 I see a lot of traders join Instaforex and that their clients have reached 3 million.
Aryasa Jul 22 The WD form informs that the process will only take 24 hours. Priy Jul 22 I consider myself as one of their loyal clients. TraderYes94 Jul 22 I never face a problem with their deposit and withdrawal. Yamasamu H. Jul 22 I'm quite content with my trading in instaforex. Armadani Jul 22 I've been their client for 7 years. Theo K Davies Jul 22 I can't request deposit from the website, unlike any other brokers normally. Irwan Bacht Jul 21 After more than 1 year I finally knew the downside of this broker.
Below is their email: Dear Xxx, We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters: Raymon Bild Jul 21 InstaForex's plus points are its fixed spread and cent account.
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