InstaForex Reviews 

I'm really disappointed with this broker. All traders need to hear about their mistreatment and SCAM alert. This broker is a true scam. I started with their No Deposit $30 Account. At first, everything was smooth, and I received great support. The team helped me with registration.

I traded throughout December and made profits. When it was time to withdraw, things changed. They initially approved my ID and proof of residence quickly. But for my withdrawals, I had to complete level 3 verification. Suddenly, I had to use the InstaVerify app for a selfie verification.

The InstaVerify app was full of errors when I tried to upload my documents. I struggled with this app for over a week. I faced network errors and issues with image sizes, even with images under one megabyte. Despite my problems, they insisted I use the same app.

I asked if they could verify my selfie through the Client Area or Live Support, like before, but no one helped. I wondered why they were so eager to assist me at first but not now. I'm truly disappointed with this broker. They wasted my trading time with their welcome no deposit bonus.

This is a real scam for future traders. I will report them to the Ombudsman for their unfair treatment and for wasting my time for over a month. I expect they will try to defend themselves, but the InstaVerify app is faulty and hard to use. SCAM ALERT: trade with them at your own risk. Thank you, traders.
They don't even deserve a single star worst Broker ever

THEY FINALLY PLACED MY WITHDRAWAL BUT WAITING FOR THE FUNDS. I'LL UPDATE WHEN I RECEIVE ACCOUNT NUMBER 15893506

I strongly advise everyone to stay away from InstaForex. They use their terms and conditions, specifically Clause 5.18, as a tool to confiscate profits whenever a client becomes successful.

The broker wiped $4,698.34 from my account — practically my entire net profit — right after I tried to withdraw it. Looking at my trading history, their bad faith is obvious. When I was losing money at the start, the company had no issues with my "patterns." They didn't see any "abusive trading" as long as they were keeping my money. But the moment I became profitable and asked for a withdrawal, they suddenly "discovered" fraud and artificially blocked me from taking out even a single dollar more than my initial deposit. They basically decided I’m only allowed to lose.

InstaForex calls a 460% profit "atypical," as if winning is a crime. The irony is that I achieved this using THEIR OWN official analytical signals from their app. Their Anti-Fraud department even admitted in an email that "the risk of a possible error is assumed by the client." This is crazy — they are stealing my money based on "probabilities" and making me pay for their own inability to prove anything. I offered full transparency to show I trade manually, but they simply refused.

Now they are making up stories about "market manipulation" in Gold. How can a retail trader with a $1,000 deposit manipulate the global gold market? It’s a joke. They claim my signals came from "manipulators," which means they are calling their own app's signals fraudulent. Now they call me a "frontman" for some scheme, but they have zero proof — no logs, no IP matches, nothing. It’s clear they just don't want to pay. I’ve already sent everything to the BVI FSC. I won't stop until every trader on the planet knows about their "secret rules" and how they treat people who actually make a profit.

I opened an account with InstaForex and traded only for a short time.
I was trading XAUUSD and CL with very small volume, just 0.02 lot.
I made some profit, but later I noticed that most of it was removed from my account. Around 215.5 USD was deducted without any warning or prior notice.
I contacted customer support and also their anti-fraud team to understand what happened.
Unfortunately, I did not receive any clear explanation. They only sent parts of their agreement and avoided showing any specific trade details.
I traded manually and followed normal trading rules.
This situation was really disappointing for me, and after this experience, I do not trust InstaForex anymore.

Update:
InstaForex has replied to this review by quoting a clause from their agreement.
However, they still have not provided any specific trade numbers, execution logs,
or concrete evidence showing which trades were considered a violation.

I have already contacted their support and anti-fraud team before posting this review,
but I only received general agreement text instead of a clear, trade-based explanation.

Next update:

InstaForex states that detailed explanations can only be provided if I contact the Anti-Fraud Department again by email.
However, I had already contacted both customer support and the anti-fraud team before posting this review, and no trade-specific explanation was provided at that time.

Even now, in this public response, no concrete evidence has been shown.
There are still no trade IDs, timestamps, execution logs, or examples explaining which exact trades were considered high-frequency or a violation.

Quoting agreement clauses without presenting factual, trade-based proof does not provide transparency. For this reason, my concern remains unresolved.

Additional clarification:

I would also like to raise a fundamental question.
How can a broker determine how a client is supposed to make profit?

The decision of how long to keep a trade open belongs to the trader. If a trading objective is achieved within seconds or a very short time, there is no logical or contractual reason why a position must be held for minutes or hours.

Fast execution or short holding time does not automatically imply abuse, arbitrage, or unfair trading—especially when trades are placed manually, with small volume, and under normal market conditions.

Unless a broker can clearly demonstrate, with specific trade data, how a particular action violated a defined rule, profit duration alone should not be used as a justification for adjustment.

Furthermore, if instruments like XAUUSD are considered highly volatile, then a reasonable question arises:
why does the broker allow clients to trade these instruments in the first place?

Volatility is a known and inherent characteristic of XAUUSD. Every trader and every broker is fully aware of this before trading begins. If volatility itself is treated as a risk factor for profit cancellation, then restricting or warning clients in advance would be the broker’s responsibility.

Allowing trading on a volatile instrument and later using that same volatility as a reason to adjust profits creates uncertainty and undermines fair trading conditions.

Next Update:
After posting this review, InstaForex partially returned my funds. Approximately 146 USD was credited back to my account.

However, around 69–70 USD is still withheld without any clear, trade-specific explanation or evidence.

The broker continues to refer only to a general clause of their agreement, without identifying which exact trades were allegedly in violation.

This partial refund itself indicates that the original profit cancellation was not fully justified.

Final Update:

After my review, InstaForex finally provided specific trade numbers. They stated that two XAUUSD trades were closed within less than five (5) minutes,
and based on this internal rule, part of my profit was cancelled.

I want to clarify that all trades were executed manually with a very small volume (0.02 lot).
No EA, arbitrage, latency abuse, or prohibited strategy was used.

XAUUSD is a highly volatile instrument, and the trading platform allows clients to open and close trades freely without showing any minimum holding time restriction. If trades closed within a few minutes are considered unacceptable, such conditions should be clearly enforced or restricted at the platform level.

After repeated follow-ups, only part of the deducted amount was returned, while the remaining portion was still withheld.

This experience shows a lack of transparency and unclear trading conditions, which makes it difficult for retail traders to trust the broker.

i got some trouble uploading finally through the chat service i upload my document to the platform.
Good service

THanks for support with my first steps in trading. Good web and mobile platform!
My first and second deposits were fast and smooth... in total 500 bucks.

Highly Concerning Delays in Contest Results and Payments - A Warning Sign
Rating: 1 out of 5 Stars
Review:
I am writing to express extreme concern regarding the current operational status of the InstaForex brokerage. Beyond the documented reports of payment delays from multiple users, I have observed a disturbing and widespread failure to update and publish the results of their major trading contests.
The broker's own rules stipulate a 30-day period for winners to be published after a contest concludes. However, as of today, November 13, 2025, results for several recent competitions are critically overdue:
• FOREX SNIPER (Weekly): Last winner published on September 27, 2025.
• FX-1 RALLY (Weekly/Friday): Last winner published on October 4, 2025.
• REAL SCALPING (Monthly): Last result published on August 30, 2025.
• GREAT RACE (Bi-monthly, 1-month duration): Last result published on June 20, 2025.
The systematic failure to publish these winner lists—some of which have been pending for months—combined with persistent withdrawal issues, suggests a deeper problem within the broker's liquidity or management.
In my experience within the trading community, this specific behavior (payment issues paired with a sudden lack of contest transparency) has historically been a strong indicator that a brokerage is in financial distress. I strongly urge potential and current users to exercise caution and carefully consider the implications of these operational failures. Transparency is paramount, and InstaForex is currently failing to deliver.

INSTAFOREX outrightly is not a scam but ineffective and inefficient when it comes to processing withdrawal and credit the client's wallet in a matter of minutes . Apart from that, everything about this company is okay by me

This broker is a scam, I have done all the requirements for a ndb $20. When I submitted my withdrawal, they told me to wait, but then the next day, they canceled it and asked me to try a new withdrawal from my account. When I tried to log in, it was suddenly deleted and archived, I don't know why. It's a complete waste of time. Please provide a logical explanation. I've followed all the requirements from the start, met the lots size requirements, and made the withdrawal according to the terms.

I can say this broker don't even deserve a single star at all, it is a scam for the first time in my life start to hear for them that my residence proof does not match with the requirements when I fill in the information, secondly I completed the tasks within 2 or 3 days for me to withdraw no deposit bonus they offer!

Suddenly I got an message from them extending the terms which I read them it's a new thing, where by I should complete again 1000 lots size and deposit a small amount. This is a scam broker that will waste your time and want to take your money.

Scam, I create an account, deposited, and logged in on MT5, only to try placing an entry and it won't let me... yet balance shows clearly on MT5. I try writing to support and no response.

Good thing I had only deposited a small amount to try it out. Can't recommend at all

Unable to withdraw profit after making profits...
Account no: 9214972
1. They denied to admit there is a withdrawal statement bug in their client portal but their support team acknowledged this issue in the email and I have the screenshot.
2. Finally their antifraud team replied me but only allow me to withdraw initial deposit and voided my profit trade without a proof. They simply use the term "believe" that I was following someone's "gold market manipulation" signal and cancelled my profits. They didn't even provide the proof.
3. I have contacted the account manager "Farid", the support and finance team multiple times and they just keep delaying me. I cannot believe that's the service performance from a broker which established in 2007.
4. I executed the 2.7 lots buy on EU trade with the Gold 1.99 lot buy trade almost the same time and held overnight and I closed them at almost the same time as well. EU trade was a tiny profit trade for me and Gold trade was a great profit trade for me. 2.7 lots on EU is bigger lots than 1.99 lot on Gold. And they said because of the forex position outcome is different compare to Gold position outcome so this is gold market manipulation.
5. I am so disappointed for their antifraud team as they are not professional at all. I have already collected the screenshots, proof and namelist of this broker's staff and sent to the regulator. Hopefully this will help me and other clients to avoid facing this issue again.

Fair spreads and commissions... quite competitive compared to other brokers.

Shoutout to my buddies from the trading forum for pointing me to Instaforex. Honestly, best decision I’ve made in trading ! no regrets at all!

Almost everything is OK.... Continue testing.

I usually trade classic currency eurusd, eurgbp and crypto Btc,eth. I'm satisfied with orders execution. Thanks to Instaforex, I tried MT5. There are good trades and not so good ones. But overall, I manage to earn some nice little things for myself and my family.

I’ve already cashed out my profits five times. Four withdrawals were lightning-fast, and on one occasion support guided me through without issues. ovverall, the process is smooth, and I can confidently recommend this broker as a reliable and upto-date.!

I successfully withdrew profit from bonuses on deposit. Instaforex really has many bonus programs and if you choose what suits you and read the rules , then you will definitely succeed!