The thing I want to ask is, I am currently using the Pegasus robot. And it is managed by a friend. When I use the Insta broker, can my friend withdraw my funds to another account? (steal funds from my account)
To Aziz,
If the trading account used is your own trading account (an account registered using your identity), then the security of funds will be guaranteed. Because generally, forex brokers only accept transactions “from” and “to” accounts whose identity matches the identity used on the trading account.
So, even if someone knows your trading account password, for financial matters (deposit/withdrawal) only you can do it and the broker only processes the flow of funds for transactions (deposit/withdrawal) from or to your account.
However, it is different if you use someone else's trading account. In this case you are an investor, or you are handing over your funds to someone else to trade. If the model is like this, you should be careful.
Hopefully this helps.