Discussion Instaforex

This is the discussion thread when I first started to trade with InstaForex. I closed the account after making 18% in the End of July 2010.

https://www.myfxbook.com/community/trading-systems/instaforex-closed/46387,2#?pt=2&p=1&o=46387

I added more funds Oct25th,2010

I have high hopes of bringing the balance gain back up into the green in the following months.

I also wanted to display my trading activity in July because I feel that I still traded very well considering using this bucketshop broker.
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Broker Review:
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High Fixed spreads with notorious re-qoutes + slippage and server disconnects at high volume news releases. I recently experienced that Instaforex disabled my Expert Advisor functions on a recent PAMM account.

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Chief Dealer InstaForex to me
show details Oct 12 (12 days ago)
Dear Will Schaarrand,

This is the official notification that we have never turned off or limited using any EAs on your trading account.
Moreover, we never ban any EAs on trading accounts of our clients.
Also just for information: if the broker stops the EA, you will get message like 'EAs are disabled for this account'.
Please contact authors of your expert advisors.

Sincerely yours, Dealing department

InstaForex Companies Group
https://instaforex.com


2010/10/11 InstaForex Support <[email protected]>
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WIll Schaarrand to Chief
show details Oct 12 (11 days ago)
thanks for verifying that brokers can turn off EA functions ;-)

'' if the broker stops the EA, you will get message like 'EAs are disabled for this account'.''
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My order manager and Idraw stopped working completely right before the UK/US opening. There were no Log File Update and I was not disconnected. EA functions were ceased.

06:28:44 '7030574': order sell GBPUSD opening at 1.5977 sl: 0.0000 tp: 0.0000 failed [Common error]
06:28:48 '7030574': instant order sell 10.00 GBPUSD at 1.5977 sl: 0.0000 tp: 0.0000
06:28:48 '7030574': request was accepted by server
06:28:49 '7030574': request in process
06:28:49 '7030574': order sell GBPUSD opening at 1.5977 sl: 0.0000 tp: 0.0000 failed [Common error]
06:28:55 '7030574': instant order sell 5.00 GBPUSD at 1.5977 sl: 0.0000 tp: 0.0000
06:28:55 '7030574': request was accepted by server
06:28:55 '7030574': request in process
06:28:56 '7030574': order sell GBPUSD opening at 1.5977 sl: 0.0000 tp: 0.0000 failed [Common error]
06:29:08 '7030574': instant order sell 5.00 EURUSD at 1.3889 sl: 0.0000 tp: 0.0000
06:29:08 '7030574': request was accepted by server
06:29:08 '7030574': request in process
06:29:09 '7030574': order sell EURUSD opening at 1.3889 sl: 0.0000 tp: 0.0000 failed [Common error]
06:35:43 '7030574': instant order sell 5.00 GBPUSD at 1.5964 sl: 0.0000 tp: 0.0000
06:35:43 '7030574': request was accepted by server
06:35:43 '7030574': request in process
06:35:44 '7030574': order sell GBPUSD opening at 1.5964 sl: 0.0000 tp: 0.0000 failed [Common error]
06:36:39 '7030574': instant order sell 1.00 EURUSD at 1.3881 sl: 0.0000 tp: 0.0000
06:36:39 '7030574': request was accepted by server
06:36:39 '7030574': request in process
06:36:40 '7030574': order sell EURUSD opening at 1.3881 sl: 0.0000 tp: 0.0000 failed [Common error]
06:37:59 '7030574': connect failed [No connection]