Hi Katerine,
I note that on your website it states that Instaforex is an ECN broker, and as you have also claimed, that it is not a market maker or a bucketshop.
However, you have also mentioned that Instaforex makes it's profits from the spread - I have also noticed on the Instaforex website that the spread appears to be a constant 3 pip spread for the majors.
How can it be possible that an ECN broker, one that does not participate in the market as a market maker or act as a bucketshop, make any profit from the bid/ask spread?
If Instaforex adds pips to a clients order then sends it to the 'market', the actual bid or ask sent through is determined only by Instaforex, which seems to fix the spread to 3 pips wide (which is about 2 pips above the typical ECN rate). Any difference between that rate and a client's order is profit to Instaforex. Isn't this the definition of a bucketshop?