Virtual Phone Emulator + private proxy safe for instagram?

NaiveKid

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I currently have 2 big business Instagram profiles and im planning on expanding it to 5. I use them each on separate IP address and devices so if for some reason 1 gets banned it wont affect the other. Now to expand to 5 obviously i dont have the budget to buy 3 extra phones + 3 sim cards with monthly charges.
So is Virtual Phone Emulator(bluestacks or similar ) + private proxy safe for using them to post regular stuff ,Dm etc.

(Note to spare your time and unhelpful replies : 1-To all 4g proxy sellers ==> i dont need such service as it would be cheaper to just purchase sim cards with monthly charges in my country.
2-To people who say you can use more than 1 IG account in 1 device/IP .==> I dont want that for reasons explained above
 
I currently have 2 big business Instagram profiles and im planning on expanding it to 5. I use them each on separate IP address and devices so if for some reason 1 gets banned it wont affect the other. Now to expand to 5 obviously i dont have the budget to buy 3 extra phones + 3 sim cards with monthly charges.
So is Virtual Phone Emulator(bluestacks or similar ) + private proxy safe for using them to post regular stuff ,Dm etc.

(Note to spare your time and unhelpful replies : 1-To all 4g proxy sellers ==> i dont need such service as it would be cheaper to just purchase sim cards with monthly charges in my country.
2-To people who say you can use more than 1 IG account in 1 device/IP .==> I dont want that for reasons explained above
Following to know if the setup worked for you.
 
Im using 3 phone devices and 3 sim cards for the moment ,im not risking them on proxies
 
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