Hey, what do you think about instaforexrebate? Is it a scam? I have some suspicions:
1. I haven't found the instaforexrebate program on the official instaforex website.
2. The logo used is black, and black is often assumed to be a symbol of a villain.
3. There is no comment section on the website.
4. There is no clear office address that can be visited. Please analyze, thank you Riko
NB: This question is not intended to discredit the product, but for the safety of readers in case the product turns out to be a scam.
As far as we know, Instaforexrebate is an Introducing Broker (IB) who is a partner of InstaForex in Indonesia. If you join there, it means you will still be trading with InstaForex, but your account will be under the referral of IB Instaforexrebate. With such conditions, there are usually privileges that can be obtained, such as deposits and withdrawals via local banks, as well as rebate bonuses.
To state whether an IB is a scam or not, of course, evidence and testimonials from traders who have ever registered under Instaforexrebate are needed, which so far there has been no discussion like that.
In addition, it is natural for forex brokers not to mention their IBs on the official website. However, when registering you will find a column for the IB referral code in the InstaForex account opening registration form. So it is clear that this IB system is an official system from the broker held to facilitate the relationship between the broker and the client.
Thanks