Is Instaforex.com a fair Forex Broker?
InstaForex is a Forex Broker offering Forex Trading services via MetaTrader 4 trading platform. Regarding orders execution model, InstaForex is a market maker with a conflicts of interests with traders. They create a counter party for all orders of traders. They also offer contests, % deposit bonuses, huge 1:1000 leverage and high spreads - this is always not a good sign for traders. Significant slippage and bad orders execution experienced. Clients of InstaForex often experience withdrawal issues.
Cons: market making allowed, bad orders execution, spread widening, huge slippage, huge affiliate revenues, high spreads, deposit bonuses, aggressive sales team, withdrawal issues