InstaForex broker launched a new offer in May 2014. This broker offers trading with bitcoins as a CFD. CFD is a synthetic trading product that imitates the price of bitcoins but does not provide actual ownership, and the bitcoins are not sent to buyers. In short, what is traded in this case is the price fluctuation. Therefore, synthetic products like these have more flexible trading conditions. CFD trading on InstaForex is leveraged up to 25:1.
InstaForex is one of the pioneer brokers that accept deposits using bitcoins. Apart from bitcoin, clients of this broker can also make deposits using various payment services such as bank cards, Instaforex Mastercard, bank wire, MoneyBookers/skrill, Neteller, Filspay, CashU, EgoPay, Webmoney, and others.
InstaForex, originally from Russia, has spread its marketing wings worldwide. Some of the most active countries using InstaForex services are Malaysia, Singapore, Indonesia, and several other regions in Southeast Asia. InstaForex is currently in the process of transitioning its regulation, which was previously regulated with IFSC Belize. There are several reasons why InstaForex discontinued its license in Belize.
As reported by DCMagnates, InstaForex explained that the first reason is the broker's growth dynamics incompatibility with the values and regulations implemented by the Belizean regulator. Second, the investment potential in Belize is quite low. Finally, the level of regulation and accounting is not that high. Regulatory arrangements are being processed, and the results will be published soon.