Instantgrow review – 5 things you should know about instantgrow.cc

Beware! Instantgrow is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Visit Site

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Instantgrow promotes itself as a globally leading investment intermediary. But a low-quality website lacking basic functionality is itself a clue that this is not true. Closer inspection confirms that IMI is nothing more than yet another online scam.

Instantgrow Regulation and safety of funds

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

Instantgrow is completely anonymous. Account registration requires agreement to the Terms and Conditions, but no access to this or any other document is granted. It would be an obvious mistake to trust your money if you don’t know exactly who you are dealing with and what the terms of the deal are.

A UK contact address is provided.

To operate as a forex broker in this jurisdiction requires a licence from the Financial Conduct Authority. But the regulator has issued a specific warning that this website is not authorised to offer financial services and products:

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA).

They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

Instantgrow Trading software

Instantgrow does not have trading software. This shows we are dealing with a low-effort scam relying on fooling people who don’t know what to expect from a genuine broker.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Instantgrow Trading instruments

AII advertises trading in all kinds of financial instruments, including cryptocurrencies. This is further evidence that Instantgrow could not really be a UK-based broker. The FCA prohibits brokers licensed in the country from offering trading in crypto derivatives.

Instantgrow Spreads and cost of trading

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc.

Instead, we see promises of investment packages with guaranteed returns and bonuses on the Instantgrow website.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

Instantgrow Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Instantgrow Deposit and withdrawal methods

Instantgrow only allows the deposit of funds with cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Instantgrow Minimum deposit

Instantgrow requires a minimum investment of 100 USD. For the same or even lower amount, you could become a client of a regulated and established forex broker, including industry leading brands.

Instantgrow Withdrawal requirements

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.