Overview of InstaForex Options
InstaForex Options, established in 2021 and based in Belize, has been classified as a “Suspicious Clone” by the Belize Financial Services Commission. This broker offers forex, stocks, commodities, indices, and cryptocurrencies. It also offers five account types, Basic, Bronze, Silver, Gold, and Platinum, with minimum deposits beginning at £200. However, its official website is currently offline.
Pros and Cons
InstaForex Options presents several trading instruments and multiple account types. Additionally, the broker offers four payment methods, and an education center to support trader learning.
However, significant drawbacks include its status as a “Suspicious Clone.” The broker's website is inaccessible, complicating efforts to verify information or engage with its services directly. Trading conditions for each instrument are not well-detailed, and there is a general lack of transparency regarding leverage, spreads, and fees. Moreover, some accounts require high minimum deposits.
Is InstaForex Options legit or a scam？
InstaForex Options has been flagged as a “Suspicious Clone” by the Belize Financial Services Commission. This status suggests it could be mimicking a legitimate firm, potentially to deceive investors. InstaForex Options lacks robust regulatory oversight from well-known, stringent financial authorities.
Market Instruments
InstaForex Options provides five market instruments that includes forex, stocks, commodities, indices, and cryptocurrencies such as Bitcoin. Forex, which involves the trading of currencies; stocks, representing shares of public companies; commodities, which include physical goods such as metals and agricultural products; indices, which track the performance of a basket of stocks; and cryptocurrencies, digital assets using cryptography for security.
Account Types
This broker offers five trading account types: Basic, Bronze, Silver, Gold, and Platinum. The Basic account requires a minimum deposit of over £200, making it accessible for beginners. The Bronze account increases the entry level to over £1000, targeting more serious traders. For those looking to invest more significantly, the Silver and Gold accounts require deposits of over £5000 and £10000, respectively. The top-tier Platinum account demands a substantial commitment with a minimum deposit of over £20000, suitable for seasoned investors.
How to Open an Account with InstaForex Options
Currently, accessing the website to open an account directly is not possible because of accessibility issues. Interested parties could reach out to customer support through email at info@instaforexoptions.com or via phone at +447520619902 to inquire about opening an account.
Deposit & Withdrawal
InstaForex Options supports multiple payment methods for both deposits and withdrawals, such as VISA, MasterCard, Wire Transfer, and Skrill.
Customer Support
Phone: +447520619902
Email:info@instaforexoptions.com
Educational Resources
InstaForex Options provides educational resources through its Education Center, which features a variety of trading courses and VOD courses that delve into fundamental trading concepts and techniques. Furthermore, the broker offers live webinars, presenting a dynamic platform for clients to engage with market specialists and acquire immediate market analysis.
Conclusion
InstaForex Options, established in 2021 in Belize, is marked by a “Suspicious Clone” status issued by the Belize Financial Services Commission. This broker offers a variety of trading instruments across multiple account types; however, the inaccessible website poses a significant barrier to verifying its claims and effectively interacting with the broker. The absence of detailed trading conditions and the requirement of high minimum deposits for higher account levels also indicate potential issues with transparency.
FAQs
Q: What is InstaForex Options？
A: InstaForex Options is a Belize-based unregulated broker offering trading in various financial instruments, established in 2021.
Q: Is InstaForex Options legit？
A: It has been designated as a “Suspicious Clone” by the Belize Financial Services Commission, suggesting it could be mimicking a legitimate entity to deceive investors.
Q: What types of accounts are available at InstaForex Options？
A: They offer five account types ranging from Basic to Platinum, with minimum deposits increasing with each tier level.
Q: Is the InstaForex Options website operational for account opening？
A: The brokers website is currently offline, making it challenging to open an account or verify information through usual online means.
Q: What educational support does InstaForex Options provide？
A: InstaForex Options offers educational resources including courses, video on demand, and webinars focused on trading fundamentals and market strategies.
Q: What are the deposit and withdrawal methods at InstaForex Options？
A: The broker accepts payments through VISA, MasterCard, Wire Transfer, and Skrill.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
