Is InstaForex Safe for Capital Above 1000 Dollars?

InstaForex broker
S
Sinta
13 May 2012, 15:29 5,391 Views

Master, is Instaforex broker safe for trading with capital above $1000?

2 Answer

R
Rachmat 13 May 2012, 19:06

If the capital is above $500, it is better to use a broker that is truly regulated by a credible regulatory body, such as FSA, NFA, or ASIC. Examples can be seen here:

  • IBFX
  • hantecfx
  • ikonfx
  • vantagefx
  • mbtrading
  • onefinancialmarkets

These are brokers with FSA UK regulation. And we recommend brokers from the UK. However, in our opinion, do not deposit large funds, especially for beginners. Avoid using Liberty Reserve if your funds are very large. Experience says Liberty Reserve is easily hacked by thieves/hackers.

Insta can be used, but if your funds are very large, it is better to avoid it

R
rizki rosadi 11 Sep 2019, 21:43

We do not recommend trading with large funds on Instaforex. The reasons are:

  • Dealing desk (DD) or known as a market maker broker. If you profit, the broker will pay that profit from their own pocket, creating a conflict of interest and ultimately harming the trader.
  • The broker is not regulated by a credible regulatory body such as FCA, ASIC, etc.

Use a broker that is not a market maker (non-dealing-desk) so there is no conflict of interest and is regulated by a credible regulatory body.

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