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Broker that offer mini account and MAM platform

Wallace
Jul 20 2010 at 14:17
posts 86
Dear traders,

Do you know which broker offer mini account (that is cent account) and provide MAM platform?

Thanks and regards,

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Soeren (GridsForPips)
Jul 20 2010 at 14:44
posts 205
Instaforex offers nanolot on standard account, an Instaforex standardlot is only 10'000 units instead of the normal 100'000 units, and with 0.01 Instaforex lots it translates to nanolots. Maybe thats good enough?
They offer PAMM-accounts where Instaforex calculates shares of deposits and profits. Manager has the option to set a minimum investment period, with penalty if money is withdrawn earlier.
If you need multiple accounts, Instaforex offers a multiterminal as well.

Cashbackforex https://www.cashbackforex.com/?aid=2091 offers 1.3 pips rebates with Instaforex deposited directly in Instaforex account every Sunday (to maximize profits).
Always get cashback -
Wallace
Jul 20 2010 at 16:17
posts 86
Thanks Soeren. However, ForexPeaceArmy rates this broker as scam broker.

Any traders can share experience with this broker?

Thanks!!

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
SIM
pip2cash
Jul 20 2010 at 16:43
posts 423

Wallace posted:
    Thanks Soeren. However, ForexPeaceArmy rates this broker as scam broker.

Any traders can share experience with this broker?

Thanks!!

Wallace

Can you please share why Instaforex is being rated as scam broker?

Thanks,
SIM
Soeren (GridsForPips)
Jul 20 2010 at 17:08
posts 205
I can only say I have no problems with Instaforex...

I've too read, that others had problems with Instaforex in their early years, but also that Instaforex has improved greatly since.

Check the date for the scamrating at FPA, if its years old, maybe it doesn't say the truth any longer...

Besides, I wouldn't trust a review-site that's an affiliate of and/or advertises for anything they review - a review-site needs to be fully independant to be fully trustworthy. Just my thoughts...

Cheers

Soeren
Always get cashback -
Soeren (GridsForPips)
Jul 20 2010 at 17:09
posts 205
Just found this site: https://www.topblogarea.com/sitedetails_33381.html

Seems he's not to keen on FPA as well...
Always get cashback -
Wallace
Jul 20 2010 at 22:43
posts 86

pip2cash posted:
    
Wallace posted:
    Thanks Soeren. However, ForexPeaceArmy rates this broker as scam broker.

Any traders can share experience with this broker?

Thanks!!

Wallace

Can you please share why Instaforex is being rated as scam broker?

Thanks,
SIM

I don't have any experience with Instaforex but have read that FPA has confirmed a scam case with Instaforex. I also want to know why people rated it as scam broker. It appears to me that they are well organised. it is appreciated if members can share their experience with this broker.

Hi Soeren,

Thanks for your feedback. Btw, Have you withdrawn money from them? How is their server execution speed? Do they have requote problem? Thanks a lot!😄
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
SIM
pip2cash
Jul 21 2010 at 02:51
posts 423
hi Wallance,

I am using Instaforex since one and half year ago. Basically they have no problem. Good customer service, withdrawal through local IB very fast. Regarding server requote, i am not so sure because i am using EA.

SIM
Soeren (GridsForPips)
Jul 21 2010 at 06:55
posts 205
Hi Wallace.

I have only transfered money between accounts, which takes less than an hour. Deposit bonus 30% is done within minutes. I haven't experienced any requotes so far, but I have a reasonably fast connection. I know Instaforex has several servers, I think it's 3 in USA, 3 in Singapore, 4 in Europe and 2 for centsaccounts only. Usually problems with requotes arise when there's a long way from your location to the brokers server - I have 171ms ping to Instaforex, but if I chose a VPS closer to their server, I could get down to 40ms eliminating more requotes. Since I'm using EA too, I'm not sure about execution speed, although I haven't experienced any problems.

Soeren
Always get cashback -
SIM
pip2cash
Jul 21 2010 at 07:55
posts 423
Seriously i hope Instaforex is not a scam. I have quite alot of money with them.
Wallace
Jul 21 2010 at 12:00
posts 86
Dear fellows traders,

Thanks for all your comments.

I have sent some enquiries to Instafx regarding PAMM account. The response so far is prompt and good. For other traders who have tried this broker or have withdrawn money from them, kindly share your experience and information to us.

Thanks in advance

Cheesr, Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
SIM
pip2cash
Jul 21 2010 at 14:17
posts 423
Hi,

I deposit using wire transfer. It take about 10 days. I am not sure why is it so slow. But normally when i TT money to Australia and US and UK from the same bank it take only about 3 to 4 days.

Regarding withdrawal, i withdraw through local IB, so i am not sure about the processing time from Instaforex to local IB.

Regarding PAMM account, I am a trader there, so far i am having good experience.

Thanks,
SIM
TraderAz
Aug 01 2010 at 04:58
posts 8

pip2cash posted:
    Seriously i hope Instaforex is not a scam. I have quite alot of money with them.

if your in asia use oanda asia pacific where your funds are place in segregated standard chartered account
Wallace
Aug 01 2010 at 14:23
posts 86
Any traders can kindly share more experience with Instaforex?

I am seriously looking for using them as our major broker besides GoMarket. Could anybody advise if this is a dealing desk broker or STP/ECN broker?

Thanks a lot! 😄
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Robert
robw135
Aug 03 2010 at 03:54
posts 140
Wallace
Aug 03 2010 at 14:39
posts 86
Hi Robert,

I am serious in asking this question bcoz they seem offer very flexable trading terms. However, just curious if they are reliable or not.

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Robert
robw135
Aug 03 2010 at 14:46
posts 140
I was just laughing at the conversation - it seemed like a cheap promo script
But I may be wrong

I have no good or bad things to say about the broker.
Will Schaarrand
pipinvestment1
Sep 05 2010 at 18:33
posts 219

Wallace posted:
    Any traders can kindly share more experience with Instaforex?

I am seriously looking for using them as our major broker besides GoMarket. Could anybody advise if this is a dealing desk broker or STP/ECN broker?

Thanks a lot! 😄

https://www.myfxbook.com/portfolio/25k-gain-closed/44734

Read my system page comments. It will give you an honest run down on Instaforex. I only used them for a month, but that was enough for an honest review.
Wallace
Sep 06 2010 at 15:37
posts 86
Hi Will,

Thanks for the info. Did you mean that they are not honest? coz I see the recent result is not good. Not sure if this was caused by the broker or the system itself....

Thanks!

Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
SIM
pip2cash
Sep 06 2010 at 15:51
posts 423

pipinvestment1 posted:
    
Wallace posted:
    Any traders can kindly share more experience with Instaforex?

I am seriously looking for using them as our major broker besides GoMarket. Could anybody advise if this is a dealing desk broker or STP/ECN broker?

Thanks a lot! 😄

https://www.myfxbook.com/portfolio/25k-gain-closed/44734

Read my system page comments. It will give you an honest run down on Instaforex. I only used them for a month, but that was enough for an honest review.

Hi,

Can i know any specific reason you say Instaforex is a bucketshop?

SIM
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