RegulationCySEC (UE), BVI, SVG
Min. deposit$1
Leverage1:1 – 1:1000
PlatformsMT4, MT5
InstrumentsForex & CFDs
Founded2007
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at InstaForex.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
⚠ On the FCA warning list
Appears on the FCA Warning List (unauthorised firm). No UK permission, no FSCSEuropean Union
⚠ AMF warning + CySEC fine
AMF Forex blacklist (France, 2015). Instant Trading EU fined €130,000 by CySEC (2018)United States
⚠ Not registered (CFTC)
Operated forex without RFED registration with the CFTCAustralia
No ASIC license
Not authorized by ASICRest of the world
⚠ Offshore BVI + Russian license revoked
BVI FSC license (offshore). The Bank of Russia revoked its license (Dec 2018). Warnings from ~9 regulators. Blacklisted by Forex Peace ArmyAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Insta.Standardvariable spread, no commission
Insta.Euricafixed spread, no commission
Centcent account
Pros
✓Competitive costs
Cons
✗No tier-1 regulation (offshore)
✗Withdrawal complaints / confiscation
✗No compensation scheme
✗Questionable transparency
✗Damaged reputation
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Offshore6/22 pts
Why: CySEC 266/15 (EU only) + BVI/SVG; the bulk of the world's retail via offshore entities. The 'BaFin/CONSOB' it shows are EU passports, NOT licenses
Withdrawals / payments: Denials0/20 pts
Why: SERIOUS: ForexPeaceArmy has it BLACKLISTED as a scam; a pattern of rejected/stuck withdrawals, blocked accounts, profits cancelled over vague 'anti-fraud' claims
Fund safety: No protection0/15 pts
Why: the 2018 CySEC fine cited failure to protect negative balance; the Bank of Russia REVOKED the license (2018/19) for moving client money abroad; offshore with no protection
Transparency: Misleading0/10 pts
Why: claims licenses that are just passporting; changes bonus terms to block withdrawals
Reputation: Damaged0/10 pts
Why: founded 2007 (Russian origin); Trustpilot ~2.x; FPA blacklist; FCA/AMF/OSC/Malaysia warnings + license revoked in Russia
Costs: Competitive8/8 pts
Why: min $1; EURUSD ~0.6 pip (objective figure, irrelevant next to the rest)
Flags detected
🚩[regulation] offshore -> CySEC 266/15 (EU only) + BVI/SVG; the bulk of the world's retail via offshore entities. The 'BaFin/CONSOB' it shows are EU passports, NOT licenses
🚩[withdrawals] denies -> SERIOUS: ForexPeaceArmy has it BLACKLISTED as a scam; a pattern of rejected/stuck withdrawals, blocked accounts, profits cancelled over vague 'anti-fraud' claims
🚩[fund_safety] none -> the 2018 CySEC fine cited failure to protect negative balance; the Bank of Russia REVOKED the license (2018/19) for moving client money abroad; offshore with no protection
🚩[transparency] misleading -> claims licenses that are just passporting; changes bonus terms to block withdrawals
🚩[reputation] bad -> founded 2007 (Russian origin); Trustpilot ~2.x; FPA blacklist; FCA/AMF/OSC/Malaysia warnings + license revoked in Russia
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 ⚠ FCA — Warning List of unauthorized firms🔗 ⚠ AMF — Blacklists / warnings🔗 Case: Russia revokes the FX license (2018)Trader reviews
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