As far as I know, the KYC procedure requires traders to provide identification documents, right, like ID card, driver’s license, etc. But is it okay to send this information to them without any guarantee that they’re not going to misuse it for other purposes? Or are there any tips on protecting our personal information like should I blur my face or something.
Please note: the campaign does not apply to MT5 accounts.
So, it’s not necessarily most convenient for the broker as well, cause it might stop xcritical scam their clients for registering. Meanwhile, most offshore, unregulated brokers don’t use KYC procedure. This is why their registration process is usually very simple. You can instantly make an account and start trading, but the safety is not guaranteed. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site.
Therefore, use your bonus xcritically to win trades and withdraw the profits whenever you wish. xcritical rezension For example, if it’s an initial deposit bonus, it will be credited after the first deposit. However, you must know that certain brokers may require you first to execute a few more trades, unlike InstaForex. You can trade in more than 300 instruments with InstaForex without minimum deposits. Moreover, it offers more than 10 ways to deposit and withdraw your hard-earned funds.
It helps a trader open larger trades with a larger amount. That means we can use them only for executing the trades. However, a trader can always withdraw the profits earned from the bonuses. InstaForex offers a unique opportunity to receive a 100% bonus on your first deposit. All you need to do is open a new trading account, deposit some funds into your account, and fill in the application form.
- Meanwhile, most offshore, unregulated brokers don’t use KYC procedure.
- Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
- Once the bonus is credited, a trader may start opening and closing positions as she wishes.
- Physically gathering at the exchanges and calling out the orders were much more difficult than they sounded.
Risk Warning:
Nevertheless, the amount of the credited rewards should be taken under advisement when they estimate the Club Bonus. Utilize the welcome bonus if you’re already a member of the platform. Choosing a broker merely because of its lucrative bonuses is not recommendable. Traders must do proper research on the platform before making the final decision. Newbie traders often ignore the platform’s wide spreads or high commission rates when they see huge signup or welcome bonuses. If you make such a mistake, you may lose a lot of profits later.
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Therefore, in-depth research on every detail about the platform is important. Bonuses should not be the only factor for the decision-making. Bonuses are the incentive that can push you to do what may seem impossible.
How to use the trading bonus?
Though you cannot withdraw the bonus, you can always withdraw the profits earned easily. InstaForex does offer several bonus programs with different terms and conditions. If you’re looking for a program that benefits in the long-run, I recommend you to try the InstaForex club bonus. Basically, every client that owns an InstaForex Club Card can apply for this program. You can easily sign up to become a member on the broker’s website. To get the bonus, you simply need to deposit any amount to your account using any payment system.
Furthermore, you can easily withdraw the profit made from trading with the bonus. So, it is an easy and affordable bonus to get that can actually be useful for retail traders. New traders can enjoy getting trading bonuses of various kinds.
In this brief article, we will discuss the different kinds of bonuses InstaForex is offering to its customers. I have experienced smooth trading experiments with this broker. Although I did experience a slight problem when I want to reset my account, they help me step by step and were very accomodating.
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