Easy to use and simple interface makes Webtrader attractive to many traders around the globe. Learn more about the advantages and disadvantages of forex broker Webtrader in this article.
In forex trading, many platforms can be utilized and each of them has a wide range of functions, from the basic ones to the more sophisticated features for experienced traders. The most common platform used by traders is currently Metatrader 4, a software that enables traders to place their trades and monitor their accounts through forex online intermediaries or brokers.
However, for some people, installing software on a device is no longer efficient. That is why forex brokers now are offering their clients the alternative to trade in a WebTrader.
So what exactly is a WebTrader?
WebTrader is a platform that allows you to trade forex from any browser and operating system without having to install any additional software on your devices. All you need is an internet connection. With only a couple of clicks, you can access full information about your account and start trading.
Just open the official broker's website, you will be guided to your account, and then you will be able to open the price chart, analyze it, and execute orders straight away. This option can be very interesting to many people at the moment because of its effectiveness and simplicity.
The Advantages of WebTrader
Easy to Access
The most apparent advantage of a WebTrader is that it allows you to trade anywhere and anytime – be it from home, on the road, or vacation spots. All you need is a stable internet connection and an up-to-date browser. This is highly recommended for people who have tight schedules with high mobility to jump from one place to another, in which they don't have much time to sit in front of the computer all day to monitor the price chart. You can even login with the same account from the MT4.
Faster and Lighter Performance
Not having to install an app or software on your devices makes WebTrader a light platform that doesn't take much space in your device memory. This characteristic then affects the platform's performance as a whole, making it possible for traders who do not want or cannot install any software on their devices but still want to enjoy quick access to their accounts.
Equipped with Technical Indicators
Technical indicators are useful for traders in many ways. They operate as tools connected to the web and manage to help traders analyze their positions and give a different perspective of the market. They can offer many functions for either long or short-term forecasts, such as looking back at historical data or a view into the current price of a currency pair. Various web-based platforms may offer different combinations of these indicators, so you must put this into consideration before you choose to use a certain WebTrader.
Since most WebTraders have a more limited series of functions than other platforms, it is well suited for new traders who are still learning and like to follow a simple trading strategy. Therefore, the web interface is usually more attractive and straightforward because there are no complicated functions provided on the platform.
Supports Social Trading
Social trading combines social networks and online trading, where traders exchange their experiences and ideas about the market and trends. Traders could share their insights, discuss various trends, learn each other's strategies, and many more. Some WebTraders offer this feature to attract novice traders who have yet to understand how forex trading works in a more sophisticated way. Some of the trading platforms that provide a social trading feature are eToro and Zulutrade.
More Reliable to Binary Options
A binary option is a financial product where traders receive a payout or lose their capital based on their prediction of a price movement over a set period of time. Binary options depend on the outcome of a "yes or no" proposition, hence the name. As one of the simplest methods in trading, binary options are often provided in WebTraders.
The Disadvantages of WebTrader
- Various platform displays among brokers can confuse traders so they need time to have a good understanding when trying to use WebTraders for the first time
- Compared to MT4, WebTraders have a smaller range of technical indicators.
- As for now, most WebTraders still focuses on the concept of simple trading, making it less compatible for traders with complex trading systems.
See also: Best Brokers for Professionals
Top 5 Forex Brokers Providing WebTrader
FSA (St. Vincent & the Grenadines), IBC22945
Interest rate on funds
Islamic accounts available
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
Instaforex is one of the most heavily discussed among traders and one of the few brokers that offer an in-house WebTrader product (developed by their own team). InstaForex WebTrader is a unique product that allows traders to place their orders, manage their accounts, and monitor the market in a browser.
Generally, Instaforex WebTrader has three unique interface features: Classic, Dashboard, and Chart. You can easily access price charts and perform technical analysis using various indicators and objects. Compared to other WebTraders, Instaforex's web-based platform has quite a complete range of analytical tools to help traders even if their chart feature is still based on TradingView. Not only that, InstaForex also provides a news feed page to show updated news in their WebTrader. The only drawback lies in the appearance of the platform, which, as a whole, still seems monotonous.
Variable and Fixed
Islamic accounts available
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FBS is also one of the most well-known brokers in the market, especially for retail traders. They just released their MT4 WebTrader a few years back and it has gained high popularity ever since. Like InstaForex WebTrader, the MT4 WebTrader at FBS can also be used for trading both demo and live accounts.
Fixed and Variable
Islamic accounts available
There is no more reason for traders to consider deposit conditions as an obstacle when opening a trading account, at least in AGEA. This broker provides a No Deposit program for new traders, so they no longer need to prepare any money as a deposit. The amount of free funds is $5 and is specifically given to Streamster clients. Besides, AGEA also provides $10,000 as virtual money. The purpose of these funds is to practice trading.
Another advantage traders can receive from AGEA is low spreads. The lower the spreads set by the broker, the higher the chance for traders to earn more profits. AGEA also provides a trading facility in the form of swap-free. All trading accounts registered with AGEA are free from swap fees. This facility is certainly very suitable for beginners and professional traders.
Facilities offered by AGEA to help clients make the company one of the most trusted brokers among traders from all over the world. This broker is registered with the company name of AGEA International AD. Since founded in 2005, AGEA has its headquarters in Montenegro, Southeast Europe.
The head office's position in Montenegro helps AGEA to be regulated by the Market in Financial Instruments Directive (MiFID). To ensure its service quality, AGEA is working continuously with legal and compliance experts so that they are fully compliant with relevant local and international laws and regulations.
Traders' convenience also increases with the security of funds AGEA. Clients' funds held by AGEA are maintained in separate bank accounts at local and international banks, in line with relevant laws and regulations.
AGEA provides its services through several trading platforms. One example is AGEA's proprietary platform, Streamster. In this platform, traders will get a comfortable and simple trading experience. Streamster is also a powerful platform that has its API for algorithmic trading. The interface of Streamster is considered as user-friendly and easy to use. On a Streamster account, traders can trade with a leverage of 1:100.
Besides the Streamster platform, AGEA also provides MetaTrader 4. It is a programmable trading platform intended for use by traders who understands how to code. It provides the necessary tools and resources to analyze the price dynamics of financial instruments and is integrated into Expert Advisors. Besides currency pairs, traders can trade with other instruments, such as CFDs, Gold, and Silver.
The process of opening an account at AGEA is easy and fast. Traders only need to fill out a registration form online. It takes 5 minutes to fill out the form, then provides due diligence documents before trading.
Processing speed can be found when depositing and withdrawing. AGEA is known as the broker that has the most smooth system in the payment process. They provide various methods of deposit and withdrawal, including Credit Cards, Skrill, Neteller, FasaPay, WebMoney, Wire Transfers, and many more.
When joining AGEA, traders can also find unique partnership programs while receiving additional benefits. The program is called the Affiliate Program. AGEA's partners can refer clients to AGEA via the website or by sending them coupons in an e-mail. For each live position client closes on the Streamster trading platform, partners will receive a commission in value of 15 points.
For instance, if partners have clients who sometimes close about 15-20 positions per day, they can earn hundreds or even thousands for each month by simply referring clients to AGEA. Besides, there is no charge for participation in the program.
There is also the Assistant program. It provides an opportunity for current members of their affiliate program to work more closely with AGEA. To apply for the AGEA assistant program, partners need to have a regular client account. If traders still feel confused, traders can contact AGEA team support by e-mail and Live Chat.
Based on the review above, it can be concluded that AGEA provides so many special programs for their clients. Both beginners and professional traders have a big chance to optimize their earnings. For novice traders, they can benefit immensely from AGEA's no deposit bonus.
AGEA, or previously known as Marketiva, has been offering a proprietary platform model in the long run. Their Streamster now can also be accessed via the web. Even though there haven't been many technical indicators provided yet, AGEA's Streamster web is capable to accommodate new and pro traders. Basic features such as chart price and order options are available, as well as updated news, fundamental financial calendar, and online chatting service. Moreover, the time frame options are quite reliable for scalpers.
Interest rate on funds
Trading by telephone
Islamic accounts available
OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.
Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).
For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.
OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.
There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.
Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD50. The currencies used on the account are US Dollars and Euros.
OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.
If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.
Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.
Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.
Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.
Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.
One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. OctaFX broker also provides contests on the cTrader platform, titled cTrader Weekly Demo Contest. As the name implies, this trading contest is held on a demo account for 1 week and uses cTrader as the platform.
Apart from regularly holding trading contests, OctaFX also provides a web version of cTrader – a competitor of MT4 that is currently being offered by many brokers. cTrader has the advantage of an attractive appearance and a "clean" impression. In addition, many users claim that cTrader is more accurate and faster in execution. Lastly, this platform also offers direct access to the market, making it more promising for ECN trading.
OctaFX seems to no longer see the cTrader as an alternative platform because their trading account options are now more integrated into the types of platforms, including the cTrader.
Variable and Fixed
Islamic accounts available
Requires sending documents via postal mail
Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.
AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.
In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.
Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.
The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.
Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.
In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).
Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.
With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).
AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.
New traders can also learn forex trading in the Education tab on AvaTrade's official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.
There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.
If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice. The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.
Avatrade is one of the most popular forex, CFD, and cryptocurrency brokers in the market. The company has obtained operating licenses in Australia, Japan, and South Africa among other markets, and has gained more than 300,000 registered customers globally. The Ireland-based broker also executes more than two million trades a month.
Alongside the MT4 platform, AvaTrade offers trading via the web-based and mobile trading platform, which provides a risk reduction tool called AvaProtect to help traders minimize the probability of losing. For professional traders, they have a rigorous selection process before giving access to the trading platforms, including checking their relevant experience in the past and their trading history.
As for novice traders per se, AvaTrade provides a simple web interface that is relatively easy to use and a bunch of educational materials to master the art of successful trading and investing. With only a few clicks, traders can learn from comprehensive video tutorials on the topics ranging from trading basics to more complicated strategies, especially on how to use all the assets and tools in the trading platforms itself along with risk management and safe trading tutorials.
For your consideration, we have compared 3 of the 5 brokers above side by side in the table below.
rated by 166 users
rated by 177 users
rated by 11 users
|Office(s)||Russian Federation||China, Egypt, Indonesia, Korea (Republic of), Malaysia and Thailand||Montenegro|
|Regulation||FSA (St. Vincent & the Grenadines) IBC22945
FSC (BVI), SIBA/L/14/1082
IFSC (Belize), IFSC/60/230/TS/12
|Minimum Position||0.0001 lot||0.01 lot||0.01 lot|
|Payment||AliPay, Bitcoin, Credit/debit cards, Litecoin, Neteller, Skrill, SOFORT, Tether (USDT), UnionPay and Wire transfer||Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer||Credit/debit cards, FasaPay, Neteller, PayPal, Perfect Money, QIWI, Skrill, TrustPay, WebMoney and Wire transfer|
|Official Website||Visit InstaForex||Visit FBS||Visit AGEA|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turki||Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese||Afrikaans, Albanian, Amharic, Arabic, Armenian, Azerbaijani, Basque, Bengali/Bangla, Bulgarian, Burmese, Byelorussian, Catalan, Chinese, Corsican, Croatian, Czech, Danish, Dutch, English, Estonian, Fi|
|General Review||Read InstaForex Review||Read FBS Review||Read AGEA Review|
JijiNov 13 2020
Like this broker. Recommend.
Beckley UkJul 22 2020
I can't close my sell order with take profit execution, while everything is normal for buy order... so weird
AfdalJul 22 2020
My $1000 deposit got delayed so bad
Marcus NyJul 22 2020
I failed to log in even though I'm already sure that I write in the right account no. and trader password.
Tony BrownJul 22 2020
I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. For the asset options there are Forex, Commodities (even Soybean and Coffee futures), as well as US Stocks CFD
MxtradeJul 22 2020
I'm so turned off by this broker. My orders were forcefully closed in many cases. They should help their clients but they seem to trade against them. I canceled my plan to deposit in the real account.
I also research some information about them, and I'm so surprised by the many claims of them being a scam. Their license from a Russian association was also revoked.
Henry TaylorJul 22 2020
Accessing their features is getting more difficult each day..
Eric HendersonJul 22 2020
I requested callback for so many times but they never call me
WilsonJul 22 2020
I see a lot of traders join Instaforex and that their clients have reached 3 million. The customer support is helpful when I first register my account. I wish it can be a beautiful beginning
AryasaJul 22 2020
The WD form informs that the process will only take 24 hours. But it's not what really happens as I got nothing for more than 3 days. I think it has something to do with my account being a bonus account.
For your own sake, please improve yourself. You're my very first broker and I want to keep trading with you.
PriyJul 22 2020
I consider myself as one of their loyal clients. I have been with them for 5 years and I really trust their credibility. Yet, I currently have a problem with their withdrawal process. I have been requesting three times but they give no response to me. So irresponsible imho
Lewis AdamsJul 22 2020
I want to share my experience with InstaForex. I have been trading for 2 years with them and I also own a PAMM account as the trader. I'm still in college so I got a lot of time during the afternoon to trade.
I handle a lot of investors' accounts and I feel like it's very easy to make this PAMM module as my alternative side job to get an income with only my laptop and internet connection.
TraderYes94Jul 22 2020
I never face a problem with their deposit and withdrawal. But the strange thing is when my rebate bonus reached more than 3 million there are problems with my withdrawal
Yamasamu H.Jul 22 2020
I'm quite content with my trading in instaforex. They are reliable in their support. I have been helped so many times and they are always ready 24 hours. I started trading with only $1 and I could earn $300 9 months later. My favorite feature from them is their Forexcopy system.
ArmadaniJul 22 2020
I've been their client for 7 years. Their service is pretty good but the trading execution is troublesome at times. Hope they can fix it
Theo K DaviesJul 22 2020
I can't request deposit from the website, unlike any other brokers normally. The process is soo complicated I actually have to contact their IB. Also, there's no fix rate here.
While they got many trading instruments I can't trade with this broker seeing that the deposit process is so difficult.
Kevin RantJul 22 2020
You a**hole! I opened 20 lots of position during news release, 800% of margin, my SL and TP suddenly moved on their own. My SL was executed 30 minutes before the news release.
I didn't use any trailing stop. It got so bad that my account got MC eventually. Don't believe any of their bonuses. They're so cruel with their clients
Joco AndreasJul 22 2020
Here's my two-cent on InstaForex:
It's good since the beginning and there are many bonuses from Welcome Bonus, No Deposit Bonus, to InstaForex Club Bonus. My account is verified quickly and their Customer Support is always ready to help me during the verification process.
Farrel MayzJul 21 2020
Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker.
A few that I can mention include low minimum deposit (only USD1) and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.
Irwan BachtJul 21 2020
After more than 1 year I finally knew the downside of this broker. My profit for GBP/USD was canceled because of rule violation. Below is their email:
We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:
235.56 || CANCEL ERROR ORDERS
On your account xxxxx were fixed orders contradicting with point 3.14.6. of the Public Offer Agreement:
3.14.6. The Customer agrees to undergo a supplementary expert examination of the trading account, if it has been revealed that the trading methods of the Customer include opening and closing/opening lock positions with a less than 5-minute interval between them. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.
We apologize for the inconvenience, and feel free to contact us by email address firstname.lastname@example.org in case you have any questions.
This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta.
Raymon BildJul 21 2020
InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too
FranscescaJul 21 2020
Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs.
Robert ZappaJul 21 2020
I can trade with only $1 for initial deposit. Trading can't get any easier than this
Zayd QJul 21 2020
When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money. They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful
Ego FrJul 21 2020
I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful. It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on.
Rachel DeanJul 21 2020
After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all.
When I try to contact them via email and chat, they're very responsive and help me to send some verifications. They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex
Jim Tel54Jul 21 2020
My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. should be good for wd.
The support gave me some directions to email the antifraud. Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers
Onlyone RonJul 21 2020
My rebate was held and I received a WARNING LEVEL 2... My Ib explained I might violate some rules regarding close and open positions.
Ray LaFelleJul 21 2020
I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts. Everything goes well and the financial transaction is smooth too.
SamhJul 21 2020
Spread's too big, slow execution, fixed spread whtv
Matt EldryJul 21 2020
I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better
OeeProJul 21 2020
In their CFD Trading, swap rates are still applied although I trade with a Swap Free account
Angus DelaneyJul 21 2020
Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.
Robert83Jul 21 2020
Insta makes it hard to verify an account, it's so discouraging
Wisetrader nationJul 21 2020
I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker
SandersJul 21 2020
Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.
Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT4... smh
Yann SchmJul 21 2020
You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses
Diego JrJul 20 2020
The best broker is Instaforex. Easy deposit (15 minutes) and withdrawal. I gained profit USD50,000++ with them
Rick DaytonJul 20 2020
I like InstaForex 'cuz the rebate is the biggest...
There is a deposit bonus 30% plus rebate commission, so I get double profit
PatryJul 20 2020
InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:
1. Trading more than 1 lot will disturb their MT4 performance.
2. I've won a trading contest (rally fx) but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing.
3. Once, I received an affiliation bonus. It was $300 and credited to my MT4 Balance in just a day. In a one-sided decision, InstaForex canceled the bonus because of "some miscalculation" that caused my balance to be reduced by $300. My account was negative for several hours then turned back to normal the next day.
Simple FibonacciJul 20 2020
InstaForex is very suitable for trading with simple fibonacci strategy.
Terry PJul 20 2020
I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.
Rian Dwight G.Jul 20 2020
I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones.
I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad
MartinJul 28 2020
I have a good experience with FBS. The withdrawal is super fast
A couple of days ago I placed pending order but I found it not executed correctly so it's a bit disappointing. Hope it doesn't happen again
t. morozovJul 28 2020
Honestly, it's been 1 year since I opened an account in FBS and I never face any significant problem. Once I got a deposit problem due to the bad quality of the proof of payment. They requested me to resend the picture and all was good after that. For me they have the best withdrawal and client support
Always AndrewsJul 28 2020
I've tried withdrawing from my account 3 times and the total amount of withdrawal was $1500. I never run into problems. Everything's fine within 3 hours, and my trades are always executed perfectly.
Thanks FBS. Hope you can maintain your quality and keep being a trusted broker. I intend to trade for the long term after all
Da Perry BlackJul 28 2020
Imo FBS gives the best analysis to improve my trading performance.
Also, their promotion and contests are awesome
HunterJul 28 2020
Thank God everything's fine and I never meet any trouble trading with FBS. Every broker has their advantages and disadvantages, we just have to optimize the advantages and minimize the risk from the disadvantages.
Henry dayJul 28 2020
In my experience, FBS never gives me problems even when I requested some $1000 withdrawals. The process only took 2 hours most of the time.
My deposits are also great. Every time I'm researching a potential broker, I always read their terms and conditions, their promotions' pros and cons, so that I can never be trapped by said conditions.
Always put cautions when you trade and you will be safe trading in every broker.
Agustine_hartJul 28 2020
This broker actually suits me so well. Their deposit, withdrawal, and verification are all smooth. 5 stars for them!!!
Cole57Jul 28 2020
I'm sure everything will go well if we follow their terms accordingly. Like when we transfer funds, we should attach the proof for validation. I believe FBS is a professional broker considering their years of experience in this industry
Robert BakerJul 28 2020
FBS is good enough for me.. no problem so far.
Those who have problems with this broker... I never understand them. They're mostly trolls from competing brokers
Ivan SokolovJul 28 2020
I trade in FBS because of their efficiency in deposit and withdrawal. Sadly, their service has worsened lately. They used to process payment in hours now they can take up to more than a day
Lia AdmJul 27 2020
why is it so long to get pin recovery. i never receive help from the support. I need to withdraw my money!
Teddy WallaceJul 27 2020
I wonder why it's so difficult to log in the personal area even after I input the right email and password smh
GrahamJul 27 2020
I used to be an FBS client. I changed broker cz they failed my withdrawal requests. With the same trading strategy, I can be profitable and withdraw my fund in another broker.
FBS still has my respect, and I still have a plan to trade with them... maybe someday if I have disposable money. They have a good service for newbies after all.
The thing is, I hope they fix some things so clients can get better service. One instance is their PIN Recovery. It'd be better if they enable clients to click the code repeatedly, or just send it via email.
The one click policy is really bothering for most clients... and it's so unfortunate since any investment activity should not be bothered by such trivial matter.
Mason1000Jul 27 2020
First Impression: quick account opening and instant deposit.
But when it's time to withdraw, there's an incorrect pin notification. It's weird as I never change the pin.
What's worse is I have requested pin recovery for 5 times, each request takes up to 24 hours for verification, and every one of them always results with similar email replies; none of them takes me to a certain page revealing my new pin.
Ian ThompsonJul 27 2020
What an amazing experience I have with FBS.... Deposit went super fast. Now, what about the withdrawal? is everything still the same if I request $1000 withdrawal?
Ax_hendersonJul 27 2020
This broker is ok for me. Account funding is good without the fixed rate, quick process, and the MT4 server is also great. It is only the withdrawal that I'm not sure about.
TradeWiselyJul 23 2020
I don't have the slightest intention to smear their reputation, but what they did to me is just too cruel.
They did me wrong in so many things. But the most hurtful one is when they manipulate the closing price. Imagine to always got your price chopped when you're in the profit and to always have your price added when you're loss. Yes!! That's what happens to me regularly.
Just consider wisely before choosing this broker. You will find that you lost your money most of the times with this broker.
Philip CarlJul 23 2020
I had the worst experience trading with FBS.
I opened a Buy Stop on EU a few days ago, but the order was executed when the price moved lower. I checked it later and there was no evidence that the pair visited my Buy Stop level.
I've sent many complaints about it via email. And sadly none of them haven't been answered. Where is their responsibility????
PreestonJul 23 2020
I like FBS better and better every day. Their condition is one of (if not) the most accommodating for every type of traders. It really puts them in a high position among other brokers. Their cent account with leverage up to 1:1000 is a great opportunity for small traders to profit immensely.
Andrea MaxwellJul 23 2020
I'm one of FBS' loyal clients. I can testify that their payment process is always quick (only 1-2 hours), with low spread and responsive client support.
Their 60% deposit bonus is also very helpful as a trading credit. I manage to earn more than 500$ with the bonus.
El MajorJul 23 2020
Not bad. I give them 7.5/10.
Just wish that they keep prioritizing their clients and not make their tricks too harmful for clients' funds.
IcarusJul 23 2020
why did it take so long just to make a deposit.. argh!!
Jack.presleyJul 23 2020
Spread in my GBPUSD trades suddenly went up to 700 pips, but it benefited me since I place the trades in the correct position. But then my profits were canceled. Isn't it an obvious sign that they really manipulate the pricing?
SorenJul 23 2020
I almost "cheated" on my current broker to trade with FBS. What makes me avoid trading with this broker is the negative rumours spread among my trader friends. They said that getting verified in FBS is a nightmare. Also, the bonuses are mostly unwithdrawable.
Tinke NatalieJul 23 2020
Watch out for their bonus programs. Trading with the bonus account can disrupt your margin level. One of my clients got MC although his margin level is still 1000%. In my opinion, this kind of condition really mess up the money management. However, it's true that their withdrawal process is top-notch.
Barbera33Jul 23 2020
A little fact about this broker, they like to increase spreads on pending orders. At times it can even reach 40 pips. I saw it with my own two eyes a couple of weeks ago in my GU trades.
But I think it's quite normal even though some reviews have said the same thing about their "interest" to disturb GU spreads.
Speaking of withdrawal and deposit, I gotta admit that FBS is pretty good with them. They also give some traders 30% bonus for deposit to add their margin. Execution is fine and I never meet requotes
Abys RyanJul 23 2020
They said withdrawals only take 1-3 hours, but the fact is I haven't got my fund in more than 2 days. Where does my money go? It's like they disappear up in the air
Didier ZJul 23 2020
I sometimes doubt FBS considering their bad rep among traders. Most of their reviews are negative especially concerning their SL/TP execution that result in so many loss positions.
Edwin CalahanJul 23 2020
A few days ago my hedging position got MC. They put back my positions only after I emailed them about it.
Just so you know, spread widening is their go-to answer for this kind of problem
Dicky ShepherdJul 23 2020
I'm so disappointed in FBS. They modified my SL to increase my loss and canceled my Pending Order without any reason. I later learn that my Pending Order would've been ended up with profit if it was not canceled.
SantiagoJul 23 2020
I lost my trades two times just because of the MT4's poor performance. Their platform somehow differs from other brokers', both for the pricing and the indicator application. They failed my Stoploss so many times it makes me wonder why it seems like they don't bother to conceal their fraud at all
Nigel PetersonJul 23 2020
Most of the time the platform will disconnect. When it re-connects everything becomes lagging.
DominicFxJul 23 2020
This broker is a thief
When the market watch shows 00.00-02.00, the spread will jump and it can be up to 12 pips.
This is what makes many traders loss imo
Anders G.madsenJul 23 2020
Try to use an EA and u'll find many requotes and invalid prices
Marteen KhyrsJul 23 2020
After suffering an MC I was traumatized for two years. But then I found FBS about a year ago and I can say that their service is near perfect. The server is reliably fast and my withdrawal is accepted in less than 24 hr.
No requote in sight so far...
Alan 1156Jul 23 2020
The most accomplished broker I know. Almost all of the necessary trading feature is here. Withdrawal via local banks is also available, n the process is super fast XD
DanyHeitJul 23 2020
Two thumbs up for FBS. It is one of the most recommended brokers. They have customer support like no other. They don't make excuses. During my 1.5 year experience with them, everything's still fine.
Steve WayneJul 23 2020
I've tried trading here with low deposit and the service is pretty satisfying. Each problems are replied within 24 hours. I hope my withdrawal next month is also good, fast, and simple. Go FBS!
N AtikaJul 15 2020
FBS cheated my xau/usd trade. I got MC at 1480.93 while the price on MT4 is at 1479.39...
Vladimir R.Jul 15 2020
I'm very struck by the possibility of operating pharmaceutical actions with FBS. In these times of the Coronavirus, the health issue is in the first place, it's interesting to be able to trade the shares of pahrmaceutical companies.
AzizJul 23 2020
I have been trading at Marketiva / Agea since 2008. There are no big problems ... small ones still exist, for example, the development of spreads that are too early ... even though they eventually return to normal. Agea continues to create new masters.
Don FabianoJul 23 2020
Now it seems that there is already a platform other than streamster that can be used for chat. But it's really saluting for Agea who first had something different and many followers even though it didn't use mt4.
Mayrani HandieJul 23 2020
agea has the most good facilities, but it is rather complicated.
I've used a broker since I was called Marketiva, the greatest feature (not available anywhere else) is chatting on streamster. for WD sometimes complicated because online verification must be repeated again and again. Support said it's required for the security. Yach according to me ok laa this broker. can be considered so ..
Yahya MaimeeJul 23 2020
AGEA already tested and proven. I used it as my first online broker when the name is still Marketiva. keep going forward. I'm still your supporter.
GimlyJul 23 2020
Salute to AGEA, it has been proven that when LR is a scam, with a very fast solution, USD at LR can be transferred to another currency.
Jasmine YJul 23 2020
Compared to brokers who still have large commissions and spreads, this age really gives a breath of fresh air for the low-cost trader.
Konaye AbrahamJul 23 2020
Even without local regulations, age is well-known and widely used by traders since long ago. The broker has proven as reliable. An experienced trader can judge itself regardless of the presence/absence of regulations.
HermanJul 23 2020
AGEA is my Favorite Broker Until Now. First time in trading, I register to AGEA forex broker. Until now still faithful trading in AGEA broker.
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If you want to see how the other two compared to the rest of it, see our forex brokers comparison.
WebTrader is convenient in many ways, both for novice and professional traders. Without having to spare an additional space in your device or installing software, you can log in to the online page and start trading.
However, WebTraders are not without flaws because most of their features are still limited compared to the installed trading platforms. This is why traders must consider carefully what they need when choosing a trading platform. If you are still new to WebTrading, try to find a broker that provides a demo or a trial on their web-based platform so you can try and see if it suits you without risking any real money.
More than just helping you to try a trading platform, a demo account is very beneficial for new traders as it enables them to trade in the real market with (almost unlimited) virtual money. To find out any ideal brokers for it, go to forex demo accounts.