Insta forex

Beginner Questions
1

i am plan open live account with insta forex any body know about this broker

2

yes i’m introducer broker with instaforex , i can get to you 0.5 pip rebate if you join through me .

3

i trade with instaforex 3 years ago and i have many clients , they are all satisfied with the service

4

I trade with them, decent broker.

6

I heard a lot of bad things about them. For example this thread on FPA: forexpeacearmy.com/forex-forum/scam-alerts-folder/18846-instaforex-scam-exposed.html

8

InstaForex is a very popular broker and they have a lot to offer, but they are not the best out there. They have a lot of payment processors expecially easy ones like LR, Wbmoney and Skrill. I traded with them some time ago, but I was not satisfied with their Spreads as it sometimes goes too high. So, I deiced to choose Profiforex because the spreads are very much lower and every other thing like withdraw and execution is perfect with Profiforex. So, it up to you. As a new trader you have to choose a trustworthy broker with considerable spreads.

9

Fell for the insta forex song and bonus - and you know how it goes. Before joining any broker, you need to do your research, read the terms etc. On insta forex, read up on all the info, review the old threads on the same broker, find out if they are as good as it gets and if so, set up a demo to check them out. And on the pip spread, I get .01 pip spread with Trader’s Way and FXCM but then again, they are for ecn so not sure if that’s what you are looking for…
Tip: When it comes to bonus options, read the terms carefully

10

I would disregard all the things you have read here, only FXmall gave you something to keep in mind about bonus conditions. When you ask people you will find some who like it, some who don’t. Best of all ignore all the reviews written by people you do not know, even forget FPA. I know people hail them as the holy grail which is far from being correct.

Keep in mind that most negative review about any broker are written by two types of people:

  1. Other brokers who try to damage reputations of competitors.
  2. Traders who did not read bonus conditions or general terms, traded and either lost money or violated terms.

Sure, some cases are valid and there some terrible brokers out there. I came across several, but that is a different story. The best advice I can give you is since you like them and plan to open an account go ahead and do so. Find out for yourself if this broker is the right one for you. Ignore anything you read in forums including what I say. If I would have listened to others opinions abut brokers I would have never opened an account anywhere.

As FXmall said, do our research. You see what they offer, if you like everything go ahead and give them a try. Open a live account (demos are completely worthless), fund your account with a small amount and start to trade micro-lots. That is the only way you will find out if this broker is as good as you thought.

11

Yup! As LB said, you can go live right away but on a nano account…it should probab provide you the incentive u need to track your trades carefully and FYI, do not go in for any EA…not worth the grief.

13

I agree with you on the EA. It is much better to learn how to trade on your own and not waste your time and money on EA’s as they only ones who make money with them are the ones who are selling them to newbies.