InstaForex Reviews & Ratings

License: CySEC, FSC BVI

USA Accepted: No

Trust Score: 80

User Rating: 87.5


Quick summary

Huge on sponsorships (including EPL giants Liverpool FC) and huge on giveaways. In fact, at the end of 2019 they are giving away a Lamborghini Huracan to a lucky winner at random. Their product offering is diverse and covers everything imaginable to do with trading, whether you enjoy making the trades yourself or if you simply want to invest money into a managed fund.

Perhaps with so many options and information that seems endless, brand new traders might be overwhelmed and opt for another broker who makes it simpler to ease into forex trading.

InstaForex User Reviews

Review date: 2017-11-22

Submitted by: Hosufix (Bangladesh)

Rating: 9.0 / 10

Review

I started trading with InstaForex 3 months ago with their $1500 StartUp bonus offer. Within 1 week I made profit around $170. According to their bonus agreement when I made deposit $150 my account balance stood up $345 and I was so impressed. The most important point is that, their technical analysis and daily fundamental repost was very exceptive for me to learn whom can I make accurate market analysis and based on their analysis and my most the trade closed with profit. End of the last month I made a test withdrawal of $100 from my profit using Skrill they send it after 2 days. Yes it take time because there was an account verification issue. Whatever that was quicker than others broker. I am quite satisfied with the service.

Review date: 2017-10-23

Submitted by: Mahm (Nepal)

Rating: 8.5 / 10

Review

Through their Bonus for posting campaign on MT5 forum, I was given a chance to trade without my own money, and apart from that, I was able to communicate with some Forex experts because most of the members of the said forum are adept on Forex market. That was 3 years ago, when I stumbled on their forum. The moderators advised me to open an Instaforex account and attached it there to get my bonus points. I followed them, and every first week of the month, the bonus I earned from posting has been credited. Since then, I have used the bonus to try my luck on Forex market and luckily I managed to make profits in-spite of the volatility of the market. All my orders were honored with no delays. After 6 months of trading, I earned a total amount of 560.75 USD and I have withdrawn the 60% of my earnings to invest in PAMM account. Until now, I am an active trader at the same time a PAMM investor. In addition, I am also an active member of MT5 forum, where I always post my withdrawal slip there to encourage and inspire the forum members. All I can say about them is, nothing can parallel their qualitative trading service

What is Trust Score?

This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.

Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.

Whilst Trust Score provides a good insight into the broker's reputation, our overall rankings are based off our own thorough reviews plus the user reviews. Therefore, brokers with a high Trust Score aren't always guaranteed to be ranked at the top.

InstaForex Scorecard - 80 / 100

Major sponsorships: InstaForex don't hold back on sponsorships, amassing an imprepssive list of sports stars representing their brand. Their biggest ambassador is English Premier League club Liverpool FC. They also sponsor Italian side Palermo, tennis players Janko Tipsarevic and Victoria Azarenka, 8-time Winter Olympics Gold medalist Ole Einar Bjørndalen and several motor racing teams. 

Category & Criteria Point Deduction Score
Years in operation
Over 10 years 0 0
Between 5-10 years -1 0
Between 1-5 years -2 0
Less than a year -10 0
Contact methods
No phone number -10 0
No e-mail address -10 0
No live chat -2 0
Social media accounts
No Facebook page -5 0
No LinkedIn page -5 0
No Twitter account -3 0
No YouTube channel -1 0
No Google+ account -1 0
No Instagram account -1 0
App acceptances
Not on Apple App Store -5 0
Not on Google Play -5 0
Major partnerships / Public Exposure
No major partnerships -5 0
Client security
No negative balance protection -20 -20

 

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Top 5 Forex Brokers

Rank Broker Name Trust Score
1 XM 99 / 100
2 HotForex 94 / 100
3 Plus500 89 / 100
4 FXGlobe 88 / 100
5 InstaForex 80 / 100