InstaForex no deposit bonus review will help you to analyze if you want to commit to this FX broker. InstaForex was launched in 2007 and company’s priority is to ensure a vast variety of trading services tailoring them to the clients’ needs. Trading conditions of this broker are considered to be among the best and they claim to be a good choice for beginners, especially with this attractive welcome no deposit bonus. Though you will see in this review, that the promised execution of the services and the reality with a InstaForex no deposit bonus are very opposite things.
InstaForex up to $100 no deposit bonus
Bonus Obtaining Description
- open a real live account
- upload a proof of your ID in the verification section in client cabinet
- wait for a second level verification (might take 72h)
- after getting it, submit an order for a no deposit bonus
- after final verification the bonus will be transferred to the account
Firstly, pay attention, that the bonus says up to $100, and it is written in terms that the sum will be assigned personally on the basis of verification. The InstaForex forex bonus no deposit guide does not really explain on what basis they verify your account and accredit you the amount of no deposit bonus. Further it is also stated, that if the verification process failed, the broker has a right to refuse you getting this no deposit bonus. So this already shows an irresponsible and quite strange approach towards the new customers.
Going through the trading conditions, the maximum leverage is 1:200 and lots for a bonus withdrawal are X*25 InstaForex lots (X is the total amount of all bonuses received), so here you can not also be really sure, as you do not know beforehand what will be your no deposit bonus InstaForex.
Withdraw or not to withdraw?
To understand how the withdrawal process looks like, look at this term: the trade volume of buy & sell trades should equal the lots described above, and all bonuses ever gained are taken into account – comprising cancelled or partially lost ones. Only the total bonus amount is allowed for withdrawal, it is not possible to do it partially. And the fun starts here, where InstaForex says, that to withdraw the bonus you have to send a request to email@example.com email and the broker has the right to refuse the request without giving any explanations! I mean, really? InstaForex bonus without deposit openly admits that it does not owe even an explanation for its actions – so much for a ‘reputable’ broker.
In case of withdrawing profit accumulated with this bonus, the profit has to exceed 20% of the received bonus, and company reserves the right to cancel the bonus without any prior notice. They openly say, that do not take any responsibility if the bonus was canceled.
This broker is a total scam – do not lose you precious time. InstaForex no deposit bonus opinions are mostly negative, so stay away from this broker.