Post
Topic
Board Service Announcements
Re: InstaForex Company News
by
puvanb
on 24/10/2017, 08:06:52 UTC
I have used instaforex before. even though i nolonger use the platform, i can vouch for the company. they are reliable in terms of user experience, withdrawals and also the number of instruments once can trade

I used to vouch for them too. I was using them for a year. No problem, no issue whatsoever even the IB were wonderful. But technically Instaforex is not a good broker. They are a marketmaker and these type of brokers is not suitable and trustworthy. Let me tell you what happenend, again, this issue happenend a year ago, i had 2 accounts each with 4.5k USD in it. I was using an EA to autotrade for me. At the time of the incident, i have a couple of positions in red but still my account able to take the hit, so i try placing a hedge position after closing my EA to counter the loss as temporary measurement to safe guard my account. However, I was not able to place that order. Each time i tried placing my orders, the servers keep rejecting me with re-quotes. Let me also tell you, i was also using Instaforex VPS , the most expensive package USD40 per month. Due to this, i was not able to safe my account from further fall and my account crashed. When i send an email to them, you can check them in the previous posts, the customer service barely replies me. I have to constantly send an email every few days to get a reply. The lazy customer support then says it wasnt their problem, although they admit that situation happenend. They admitted it ws their issue, but didnt refund me. This my friend can happen to any one. So becareful with whom you trade with. A woman exploiting broker to attract investors. Disgusting broker. I would suggest to avoid them. Also check my other post, they have cases on them on forexpeacearmy. Please do your DD.

Thank you.