MIFX Regulation, Is This Indonesian Broker Safe?
MIFX is a regulated Indonesian broker with STP licenses from BAPPEBTI, JFX, and ICDX. Learn how its oversight protects traders and ensures compliance.
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Abstract:Do you constantly face internal fund transfer issues with InstaForex India? Does the broker disallow you from withdrawing your funds? Do you face profit cancellation on the InstaForex India login? Does the broker suddenly change/add rules amid your successful trading task completion rate? These are some serious allegations against the India-based forex broker. In the InstaForex India review article, we have shared some complaints. Read on!

Do you constantly face internal fund transfer issues with InstaForex India? Does the broker disallow you from withdrawing your funds? Do you face profit cancellation on the InstaForex India login? Does the broker suddenly change/add rules amid your successful trading task completion rate? These are some serious allegations against the India-based forex broker. In the InstaForex India review article, we have shared some complaints. Read on!
Traders have reported several internal fund transfer issues online. These include difficulties in transferring funds to the bonus account and other account types. The broker allegedly rejects their transfer applications, citing documentation issues. That somewhat baffles traders as these relate to internal transfers and not withdrawals. Here are multiple screenshots supporting this complaint.


There have been multiple profit cancellation complaints by traders online. In one such case, a trader reported having faced cancellations on the grounds of using some market manipulators forex signals to enhance gains, which he categorically denied. The trader even pointed out the service clause agreement when sharing the InstaForex India review. Check out the multiple screenshots below, capturing the essence of this critical forex trading issue.


Multiple traders have reported unfair InstaForex India withdrawal rejections despite meeting the trading requirements. The broker officials initially entertain queries before cancelling withdrawal applications with no logical explanation. Some traders argue that, despite completing the trading tasks while complying with the requirements, they fail to withdraw the no-deposit bonus offered by the forex broker. Here are multiple negative InstaForex India reviews on withdrawal hassles.


A trader recently created a forex trading account with the broker and deposited funds in it. On the InstaForex India login (MT5 platform), the trader tried to place an order, which was not successful. However, the MT5 platform shows the balance. This created doubt in the traders mind, which led to this InstaForex India review.

The complaints against InstaForex India made the WikiFX team investigate it minutely, especially from a regulatory perspective. While investigating, we did not find any license for the broker, prompting us to keep its score to just 1.34 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

MIFX is a regulated Indonesian broker with STP licenses from BAPPEBTI, JFX, and ICDX. Learn how its oversight protects traders and ensures compliance.

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