Instaforex, are they honest and reliable? - Page 18
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Thread: Instaforex, are they honest and reliable?

  1. #171
    Did deposit and a local deposit . Pretty efficient. Plus rebates are strong.

    I'm using the four digit account. The only way is to start live account under the Europe server. They are definitely using the dealer plugin or some variant of it, since I'm being re-quoted a new price, however the price of the chart isn't changing. But all in all, their cabinet is very comprehensive and they do have great live support, should you use the skype option... Made some modifiions to let 1 Pip slippage, and now I rarely see requotes and grid EA is seemless.

    1:1000 leverage allows for all-in approach on high likelihood setups.

  2. #172
    Quote Originally Posted by ;
    did a local deposit and withdrawal from Thailand.
    That's prohibited.

    Quote Originally Posted by ;
    1:1000 leverage allows for all-around egy on high probability setups.
    1:1000 says everything. Having pleasure lining the pockets of a rather bad market manufacturer?

  3. #173
    Quote Originally Posted by ;
    Which is prohibited.



    1:1000 states it all. Having pleasure lining the pockets of a bad market maker?
    What is that prohibited? It must be from precisely the same account you funded with. You cannot fund with wire transfer and withdraw via moneybookers. It must be the technique for withdraw. The sole exception is credit card residue after a particular period of time. Or if a single deposit technique is offered. Should you use a number of procedures, then withdraw's proportions are similar. So it's ideal to deposit with 1 method per account, then do inner acct-to-acct transfer. FX also has local deposit options (outside australia), as do other brokers who have clients in various areas of the world. Determined by how they do things at that portion of the world. Thai is a cash society.

    They do have some slippage of a pip at least 20% of the time. But that is the price that you pay for the flexibility. Getting in and out of transactions is not a problem. If that is not what you want, there are other brokers. Because my egy is so flexible, I can use just about any broker and be more profitable. Obviously higher leverage enables more buying power

    I have my reservations, but I decided to test them out so far I'm impressed. Particularly with the cabinet, ive seen that level of sophistiion with MBtrading and Fxopen. Security that's a good thing is encouraged by them. It does look like their own people staff their skype support whereas some persons that are outsourced can sometimes answer the chat on site. They have support on the weekends occasionally.

  4. #174
    I've been trading with InstaForex for about a year. I've had no issues. I really do get re-quotes often but that does not actually disturb me. When it comes to making a withdrawal (moneybookers) its a bit of a worry, they say up to 7 hours. It takes approximately 2-3 days everytime. 3 pip spread on pairs - maybe not the very best.

  5. #175
    Quote Originally Posted by ;
    What is that illegal? It has to be in precisely the exact same account you funded with. You can't finance with wire transfer and draw via moneybookers. It has to be the technique for draw. The only exception is credit card residue after a certain period of time. Or if one deposit technique is available. Then withdraw's proportions are similar, if you use a number of methods. So it is ideal to deposit with just 1 method per account, after that do internal acct-to-acct transfer. FX also has local deposit options (outside australia),...
    You will find that unlicensed FX brokers accepting money deposits are behaving illegally. Test it together with the BOT.

    Not to mention it violates all mode of AML legislation.

  6. #176
    Quote Originally Posted by ;
    You will find that unlicensed forex brokers accepting money deposits are behaving illegally. Test it.

    Not to mention it violates all manner of AML legislation.
    I am aware of another business that processes neighborhood deposits: GlobalCollect. They are used by FX. You still need to withdraw with same procedure (or to the payoneer debit card), which would require you have a bank account in the same name as account holder. In countries like thoughout SE Asia and that, money is still used very heavily. Done several deposits and withdraws . It's Ideal to start an account below the IB of the man. He has a discount off the exchange rate should you utilize his accounts. Rebates are also offered by him, but better off using cashbackforex. They have rebate and infrastructure. You are able to open accounts and then do transfer request in the cabinet.

    Not sure how exactly it violates AML. They might not be as rigorous as other businesses, but it will get the job done. I tried to do a withdraw from account which never had a neighborhood deposit, and I was denied, though it had the same email address and address on the account. No exceptions have been made. I had to move the cash back to the account I financed with.

  7. #177
    Quote Originally Posted by ;
    I Have been trading Using InstaForex for about a year. I've had no problems. I really do get re-quotes frequently but that does not actually disturb me. When it comes to creating a withdrawal (moneybookers) its a small worry, they say around 7 hours. It takes about 2-3 days everytime. 3 pip spread on most pairs - not the best.
    I had been getting requotes frequently, but then I adjusted the slippage in the EA to 1 pip, and requotes scarcely ever occur currently on their UK server. Their europe host (in texas, USA), has 5 digit pricing (same fixed spreads, but more precise) does not slide up to now.

    I get around the three pip spread by getting rebate. So it ends up being 1.7 pips spread, and you need to wait for the 2nd day from daily rollover to get rebate. In fact, I got a special deal to where I receive an additional 0.3 pips, but need to wait for CBF to manually process which.

    Their support (skype) was very efficient for the most part. I do not like moneybookers (vs paypal). Their support is terrible. However, some people don't seem to have a issue with them. And a few brokers use their gateway to process credit cards. Regrettably, they require that you join with them.

  8. #178
    Quote Originally Posted by ;
    Not sure how exactly it violates AML. It will get the job done, although they may not be as rigorous as other businesses. I tried to perform a draw from account which never needed a local deposit, and I had been denied, though it had exactly the same email address and name on the account. No exceptions were created. I needed to move the money back to the same account I funded with.
    Take a read of some AML/CTF legislation. Http://www.austrac.gov.au/aml_ctf.html

    In case Instaforex is accepting cash deposits, they are involved in money laundering for the drug and prostitution commerce a well as being included in the finances of terrorism if they are aware of it or not.

  9. #179
    Quote Originally Posted by ;
    Take a read of some AML/CTF legislation. Http://www.austrac.gov.au/aml_ctf.html

    If Instaforex is taking cash deposits, they are involved in money laundering for the drug and prostitution trade a well as being involved in the funding of terrorism if they are aware of it or not.
    - instaforex is regulated in Russia, and I had been speaking to Thailand (and other SE Asia countries).
    - Your link did not specify that forex broker (regulated in Australia) could not take cash deposits
    - Both FX and GoMarkets accept local cash flows in Australia (perhaps that has changed).

    Like I said before, not all nations are credit established, and cope heavily in cash. This does not make them money launderers.

  10. #180
    I'm using their European inaugural. I get re quotes. I'm more concerned about these using VDP not processing withdrawals. I'm moving all my funds to axi-trader within the next month (if instaforex will give me).

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