Few years back, the Ontario Securities Commission has issued an investor warning about InstaForex on June 9, 2014.
On January 13, 2015, the French AMF has issued a warning about unapproved forex brokers and InstaForex is on that list. Although, InstaForex’s representative claims this was an intentional resignation of its license.
Instaforex launched online for the first time back in 2007. This was the year when the big massive interest in financial trading was observed by the regular traders and the financial services providers.
Instaforex have more than 300.000 costumers trade and this makes Instaforex one of the biggest brokers around the globe. Instaforex is very famous, but nonetheless if you have to ask if Instaforex is reliable or not, just visit related links, Instaforex. Just because it’s big and been in the business long time, it does not make it trustworthy.
In addition, there are scam complaints with every Forex broker and Instaforex is one of them
This popular brokerage company is not regulated, however, It is regularly ranked as one of the top 10 brokers in the Forex market and is very famous among the newbie traders.
It is quite normal that the integrity of the broker comes under serious inquiring when it is not regulated.
Being a non-regulated broker, you get to enjoy the freedom of accepting traders from around the world. While the regulated brokers do not have this luxury for the reason that the rules of regulation are very strict in some countries.
Some brokers have selected to stay unregulated, so that it can offer better trading experience to its customer concerned.
Therefore, if you are not ready to take the risk, it is highly recommended that potential investors do not invest money with Instaforex, take the risk or lose the chance.