What is the master's opinion on Instaforex? Both in terms of security and its rating, sorry I am a newbie who wants to learn, please provide an explanation from the master's point of view for trading there.
InstaForex is one of the quite well-known brokers in Indonesia and positions itself as The best Broker In Asia. InstaForex was once labeled a Scam Broker with the frauds it committed. Recently Reported The American Regulatory Agency accused Insta forex of being an Illegal Broker that does not have an Official License. However, this accusation was answered by the Insta Forex Company, that Insta forex does not open offices In the United States. Many negative voices have been directed at instaforex, but not a few are actually heavy fans of this Broker. We admit, this is an unhealthy competition business to become number 1 is often done by parties who feel threatened. Especially by Brokers and their IBs. We used to see a company in Indonesia stating that Insta was illegal. But what happened? Now that company buys and sells E-currency for deposits at dinsta.. he he
We are not trying to recommend this broker to you, but that doesn't mean this broker is not good for you to use for trading. We once heard of a trader who lost almost 100 million at this broker due to an error made. But the trader didn't stay silent, he threw a statement with evidence that he felt cheated. Finally, the insta side replaced the trader's loss fourfold (400 Million). Great isn't it!!
indeed we notice that there are sometimes delays in order execution, when the price moves quickly there are often reques reques (or the writing appears that the dealer is busy). and this is not only at insta. It can also happen with other brokers. If you want to continue trading at instaforex, We suggest you try opening an account with another server. Because at insta there is a choice of servers that can be used. Because the type of Server used can also affect the speed of execution.
regarding the rating, It is important to know who or which agency gave the rating? The rating actually does not represent whether the broker is good or the broker is not good. It's just an assessment from each individual only.
Of course all traders want their funds to be safe when trading with the broker of their choice. But you also have to adjust to your financial condition. If the capital is 10 dollars, is it suitable for a broker licensed by FSA, NFA or ASIC ? of course this is very troublesome because the licensed broker makes a minimum deposit rule which you may consider quite large. Or if you have a capital of 1 M, will you trade using e-currency which is said to be easily breached or hacked? this depends on your own point of view. But what needs to be noted is, In any broker there is no guarantee that your funds will be safe from the pursuit of market thugs. A broker is like a house where you shelter and also a place where you generate profits from the house. Look for a house that you find comfortable and peaceful. But remember the proverb,, there is no ivory that is not cracked. Likewise, There is no perfect broker.. Thanks.
To Oton,
Please read the full profile and reviews regarding the InstaForex broker on this page.
Hope this helps