Instaforex?
Medlem sedan Sep 06, 2013
137 inlägg
Apr 24, 2015 at 08:00
Hi there,
Ive heard some bad things about Instafx - however, i have been using them for 3 months now and I trade THE most volatile periods.... and they have been out performing FXCM, FXpro GKFX and iron FX in terms of execution, low slippage and stable spreads... im only 3 months in but feel free to take a look : https://www.myfxbook.com/members/BenNathanFTA/ben-nathan/1172397
Ive heard some bad things about Instafx - however, i have been using them for 3 months now and I trade THE most volatile periods.... and they have been out performing FXCM, FXpro GKFX and iron FX in terms of execution, low slippage and stable spreads... im only 3 months in but feel free to take a look : https://www.myfxbook.com/members/BenNathanFTA/ben-nathan/1172397
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Medlem sedan Nov 21, 2011
1718 inlägg
Apr 24, 2015 at 11:11
Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
Stay away from dodge brokers that restrict your forex activity by unfair rules they create for themself.
Medlem sedan Nov 11, 2014
6 inlägg
Apr 24, 2015 at 11:56
Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
Curious about InstaForex ? Please, do yourself a favor, forget about it.
How would you like such rules :
1. Any profitable trade with duration less than 5 minutes will be canceled and profit you made from it they will erase .
2. If your profitable trade made you more than + 10% of your account balance - than it will be canceled, profit erased .
That's not a broker - that's a parody on real forex market made by Russian's.
Medlem sedan Nov 21, 2011
1718 inlägg
Apr 24, 2015 at 12:02
(redigerad Apr 24, 2015 at 12:07)
YuriyZelinskiy posted:Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
Curious about InstaForex ? Please, do yourself a favor, forget about it.
How would you like such rules :
1. Any profitable trade with duration less than 5 minutes will be canceled and profit you made from it they will erase .
2. If your profitable trade made you more than + 10% of your account balance - than it will be canceled, profit erased .
That's not a broker - that's a parody on real forex market made by Russian's.
I'm glad to read this, you deserve a vounch... I have never been with them. I just heard what you just described. Also I think it's not allowed to trade news or something like that... so when I see the last guy post that trades news with this broker... I'm very sucpicious. He doesn't even know what the word invest means.
Anyway stay away from noob brokers and all who says that it is a good broker.... This is so much safer.
Medlem sedan Sep 06, 2013
137 inlägg
Apr 24, 2015 at 14:23
YuriyZelinskiy posted:Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
Curious about InstaForex ? Please, do yourself a favor, forget about it.
How would you like such rules :
1. Any profitable trade with duration less than 5 minutes will be canceled and profit you made from it they will erase .
2. If your profitable trade made you more than + 10% of your account balance - than it will be canceled, profit erased .
That's not a broker - that's a parody on real forex market made by Russian's.
I'm not being funny but results talk - every single one of my trades is less than 5 mins and they've taken no profits from me - check the trade times and durations and you'll see for yourself that I'm trading the news , and it's live account and verified results - so rather than get into a debate I invite you to follow my account and let the results do the talking
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Medlem sedan Nov 21, 2011
1718 inlägg
Apr 24, 2015 at 14:47
Personnaly I would never follow a scalping strategy futhermore with InstaForex... but good luck gambler.
So you know your profits made under 5 minutes may be cancelled one day... then you will tell us if InstaForex is great lol.
*By the way it's friday, I'm going to the golf... who cares?
So you know your profits made under 5 minutes may be cancelled one day... then you will tell us if InstaForex is great lol.
*By the way it's friday, I'm going to the golf... who cares?
Bilagor:
Medlem sedan Sep 06, 2013
137 inlägg
Apr 24, 2015 at 14:56
(redigerad Apr 24, 2015 at 15:10)
CrazyTrader posted:
Personnaly I would never follow a scalping strategy futhermore with InstaForex... but good luck gambler.
So you know your profits made under 5 minutes may be cancelled one day... then you will tell us if InstaForex is great lol.
*By the way it's friday, I'm going to the golf... who cares?
so they are basically saying if you make 10% from a news release trade then you're in trouble - well I only look for 2% with 1% risk outlay so that explains why I've had no issues, and there's no gambling here - actually I study bank feeds, ransquawks high level analysis and in the past the Bloomberg feeds to get a high level fundamental picture of the markets which enables me to pick the right pairs at the right time to trade as opposed to blindly following some pattern and hoping for the best...
I'm a big advocate against gambling traders, in-fact i blog about it a lot, and have been teaching for several years with one of the largest and most respected FX education providers out there, and actually make a full time living from both Fund Management and Teaching FX, so while i'm no trading God (no one is) I would hope that my online reputation, and experience gives at least some merit to some of my posts/responses.
In terms of the actual subject in hand, i can only comment on my own experience and answered appropriately as you all have too :) without the need to start throwing judgments around like 'Gambler' lol... anyway - all in good nature and happy trading all!
Also, enjoy the Golf Crazy Trader - hope your game is better than your account Drawdowns! haha joking
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Medlem sedan Nov 21, 2011
1718 inlägg
Apr 24, 2015 at 15:18
(redigerad Apr 24, 2015 at 15:19)
You must read According to point 3.14.6
Any trades below 5 minutes duration may be cancelled by dealer department at any time. (Obviously they don't check all their client's accounts everyday.)
People not trading your way aren't idiots... Damn how many guys in here criticize what others do. As soon as they are different they are idiots.
So obivously a black guy has a diffrent color from yours so he is stupid... I see how brillant you sounds.
I trade with patterns and I show every week how reliable they are.
Patterns aren't responsible for faillure... only traders experience hope for loser trades and fear for winning trades. Thoses who can't reversed the human psychology has no other choice to scalp market as they can't control their emotions, that way being into market for only a couple of minutes is acceptable.
Any trades below 5 minutes duration may be cancelled by dealer department at any time. (Obviously they don't check all their client's accounts everyday.)
People not trading your way aren't idiots... Damn how many guys in here criticize what others do. As soon as they are different they are idiots.
So obivously a black guy has a diffrent color from yours so he is stupid... I see how brillant you sounds.
I trade with patterns and I show every week how reliable they are.
Patterns aren't responsible for faillure... only traders experience hope for loser trades and fear for winning trades. Thoses who can't reversed the human psychology has no other choice to scalp market as they can't control their emotions, that way being into market for only a couple of minutes is acceptable.
Medlem sedan Sep 06, 2013
137 inlägg
Apr 24, 2015 at 15:33
@CrazyTrader apologies if I caused offense, it was just some friendly banter. :) No offense meant - ultimately all traders are different -
one thing I can tell you for sure though - you wouldn't be looking at 40% draw-down if you did some fundamental research before hitting the order button on some of those pattern setups... I honestly think you will struggle to find any serious investor with 40% DD.... When I say serious, i'm talking about worthwhile investors that you can actually make a living from, i.e. 200K upwards, not pointless 10k accounts that you simply cant make a living from.
To illustrate:
Imagine you buy race horses....
Do you invest a horse because it looks cool and looks like a horse you saw win last week in terms of its build and coloring, or do you buy it because it has solid genetics, outstanding bloodlines, and exceptional training.....?
Surely you must agree that if you went for option one it would be a little silly...?
I'm not saying patterns are pointless, but i am saying that if you look at things from a logical investment point of view and use fundamental reasoning to cut out SOME of the trades you would otherwise blindly take then you will become more invest-able and wont be showing massive 40% draw downs any more....
Sorry if I sound preachy, im genuinely trying to help and am only talking from experience - but that's a subject for another area i guess.
Have a good weekend all.
BN
one thing I can tell you for sure though - you wouldn't be looking at 40% draw-down if you did some fundamental research before hitting the order button on some of those pattern setups... I honestly think you will struggle to find any serious investor with 40% DD.... When I say serious, i'm talking about worthwhile investors that you can actually make a living from, i.e. 200K upwards, not pointless 10k accounts that you simply cant make a living from.
To illustrate:
Imagine you buy race horses....
Do you invest a horse because it looks cool and looks like a horse you saw win last week in terms of its build and coloring, or do you buy it because it has solid genetics, outstanding bloodlines, and exceptional training.....?
Surely you must agree that if you went for option one it would be a little silly...?
I'm not saying patterns are pointless, but i am saying that if you look at things from a logical investment point of view and use fundamental reasoning to cut out SOME of the trades you would otherwise blindly take then you will become more invest-able and wont be showing massive 40% draw downs any more....
Sorry if I sound preachy, im genuinely trying to help and am only talking from experience - but that's a subject for another area i guess.
Have a good weekend all.
BN
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Apr 25, 2015 at 16:37
I started trading with Instaforex since 2011 and everything is fine so far and I hope everything will be fine in future as well😉
In term of trading conditions they're good: Fast execution, fixed spread (3 pips for major pairs), no slippage. they don't allow closing trade below 5 minutes but actually they never canceled my profits made by trades closed bellow 5 minutes!
They're a market maker and it's not a problem at all, I follow the course in other brokers platform so I know that Instaforex never play with the courses, and you have to know that most of successful traders are trading with market makers not ECN brokers.
Withdrawal is very fast!
BTW, Instaforex is a big and reputed Russian company not just a small or amateur in this business.
I traded with XM Ironfx Exeness Hotforex and Admiral markets, I'd just say that Instaforex and Admiral markets are the bests!
In term of trading conditions they're good: Fast execution, fixed spread (3 pips for major pairs), no slippage. they don't allow closing trade below 5 minutes but actually they never canceled my profits made by trades closed bellow 5 minutes!
They're a market maker and it's not a problem at all, I follow the course in other brokers platform so I know that Instaforex never play with the courses, and you have to know that most of successful traders are trading with market makers not ECN brokers.
Withdrawal is very fast!
BTW, Instaforex is a big and reputed Russian company not just a small or amateur in this business.
I traded with XM Ironfx Exeness Hotforex and Admiral markets, I'd just say that Instaforex and Admiral markets are the bests!
Quand on veut on peut
Medlem sedan Sep 06, 2013
137 inlägg
Apr 26, 2015 at 12:22
FxProdz posted:
I started trading with Instaforex since 2011 and everything is fine so far and I hope everything will be fine in future as well😉
In term of trading conditions they're good: Fast execution, fixed spread (3 pips for major pairs), no slippage. they don't allow closing trade below 5 minutes but actually they never canceled my profits made by trades closed bellow 5 minutes!
They're a market maker and it's not a problem at all, I follow the course in other brokers platform so I know that Instaforex never play with the courses, and you have to know that most of successful traders are trading with market makers not ECN brokers.
Withdrawal is very fast!
BTW, Instaforex is a big and reputed Russian company not just a small or amateur in this business.
I traded with XM Ironfx Exeness Hotforex and Admiral markets, I'd just say that Instaforex and Admiral markets are the bests!
It's nice to know that it's not just me having a good experience - I know there's been some bad press about them. I'm guessing the 5 min thing is more Relating to manual closes - after all, if there's a predetermined tp, it's down to the markets on how long it takes to hit them.
I'm going to stick with them for a while while I trial others and compare
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Apr 27, 2015 at 06:45
BenNathanFTA posted:
It's nice to know that it's not just me having a good experience - I know there's been some bad press about them. I'm guessing the 5 min thing is more Relating to manual closes - after all, if there's a predetermined tp, it's down to the markets on how long it takes to hit them.
I'm going to stick with them for a while while I trial others and compare
For intraday and swing trading they're the best, but if you are scalper it'd be better if you open an ECN account with an ECN broker which provide tight spreads on crosses like Exeness! Good luck
Quand on veut on peut
Mar 08, 2016 at 06:28
Well, for the first time IFX cancelled my profit. I really hope it is due to miscalculation. Here is the screenshot of what they did https://prntscr.com/acl4rd
And my profit did not exceeded 10% at all. Their live support told me to send an email to [email protected] for the issue. So I did yesterday night. Now waiting for their reply. Hope for the best.
One funny thing is myfxbook is showing this issue as deposit and withdrawal.
And my profit did not exceeded 10% at all. Their live support told me to send an email to [email protected] for the issue. So I did yesterday night. Now waiting for their reply. Hope for the best.
One funny thing is myfxbook is showing this issue as deposit and withdrawal.
Greed is good
Mar 08, 2016 at 15:02
greed posted:
Well, for the first time IFX cancelled my profit. I really hope it is due to miscalculation. Here is the screenshot of what they did https://prntscr.com/acl4rd
And my profit did not exceeded 10% at all. Their live support told me to send an email to [email protected] for the issue. So I did yesterday night. Now waiting for their reply. Hope for the best.
One funny thing is myfxbook is showing this issue as deposit and withdrawal.
could you please share with us what they will do ?
Medlem sedan Jun 08, 2012
4 inlägg
Mar 08, 2016 at 15:06
Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
HI i trade with Instaforex Broker more than 6 years.
The only problems I had with Instaforex Broker, was beyond the stage of difficulty of its own rules. They are just but some intolerable, the fact is that after knowledge taking the right steps, the system is all automatic and stable. In whitdrawls never had any problem with them, even managed to win once $ 85 in a few hours, a Bonus of them, the fact is that the bill had no more than a month of trades and the survey was smoothly. In six years despite having heard hardly a minimum percentage of people complain, I concluded later that if you do not keep all the requisites of the total check, you prove your identity, which is the hardest part and that He led these people to speak ill of them. Now your money comes to you trade if you win automatically lifting profits when you want, how you want, card or bank. In seven years I never had any problem with Instaforex, only bureaucratic above.
In terms of spread the best is always you work with rebates of Instaforex and key pairs to 3 pips each, come to pay you around monetary 1.5pip (Sorry for my English i'm Portuguese :D)
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 08, 2016 at 15:38
Wivilson posted:
Hello Trader Instaforex want to know how it works, is a good Brokers? It is reliable?
No way.
There are known issues like withdrawal trades execution, etc to indicate this is scam broker.
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 08, 2016 at 15:40
BenNathanFX posted:CrazyTrader posted:
Personnaly I would never follow a scalping strategy futhermore with InstaForex... but good luck gambler.
So you know your profits made under 5 minutes may be cancelled one day... then you will tell us if InstaForex is great lol.
*By the way it's friday, I'm going to the golf... who cares?
so they are basically saying if you make 10% from a news release trade then you're in trouble - well I only look for 2% with 1% risk outlay so that explains why I've had no issues, and there's no gambling here - actually I study bank feeds, ransquawks high level analysis and in the past the Bloomberg feeds to get a high level fundamental picture of the markets which enables me to pick the right pairs at the right time to trade as opposed to blindly following some pattern and hoping for the best...
I'm a big advocate against gambling traders, in-fact i blog about it a lot, and have been teaching for several years with one of the largest and most respected FX education providers out there, and actually make a full time living from both Fund Management and Teaching FX, so while i'm no trading God (no one is) I would hope that my online reputation, and experience gives at least some merit to some of my posts/responses.
In terms of the actual subject in hand, i can only comment on my own experience and answered appropriately as you all have too :) without the need to start throwing judgments around like 'Gambler' lol... anyway - all in good nature and happy trading all!
Also, enjoy the Golf Crazy Trader - hope your game is better than your account Drawdowns! haha joking
Try to withdraw your money and they could adjust your trades...
Mar 08, 2016 at 18:42
Greed is good
