2018-08-02: Cysec had fined Instant Trading EU (one of the companies behind InstaForex and ForexMart) €130,000. The fine was for non-compliance with article 36(1) of the Law, as it did not act fairly, honestly and professionally in accordance with the best interests of its clients and also for non-compliance with article 36(1)(d) of the Law and paragraphs 15 and 16 of the Directive, as it failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate is appropriate for them.
InstaForex is hereby blacklisted by the Forex Peace Army. We urge traders not to open accounts with Insta Forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If InstaFo rex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud.
NOTICE: October 2013: InstaMarkets is no longer licensed by the Belize IFSC. InstaForex’s representative claims this was a voluntary resignation of its license. Others have reported that Insta was thrown out of Belize.