InstaForex Review

  • Leverage: 1:30 | 1:1000

  • Regulation: CySEC, FSC BVI

  • Min. Deposit: 0 $

  • HQ: Cyprus

  • Platforms: MT4, WebTrader, MobileTrader

  • Found in: 2007

InstaForex Licenses

  • Instant Trading EU Ltd - authorized by CySEC (Cyprus) registration no. 266/15
  • Instant Trading Ltd (BVI) - authorized by BVI FSC registration no. SIBA/L/14/1082
  • Insta Global Ltd. - authorized by FSC (Saint Vincent) registration no. IBC24321
  1. What is InstaForex?
  2. InstaForex Pros and Cons
  3. Awards
  4. Is InstaForex safe or a scam?
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

What is InstaForex?

InstaForex brings a solution from the world’s leading developers allowing you to perform trading facilitated through the largest counteragents providing direct access to the market.

InstaForex was established in 2007 with its headquarters in Limassol, Cyprus yet serves clients worldwide and at the moment number of traders who choose InstaForex exceeds 7 million, which is an impressive number.

General InstaForex priority is to provide a wide range of services while at any stage trader is rightfully treated. Along with the great technical solutions, one of the best trading conditions among the market offering and other advantages, the broker brings a personal approach to each client with comprehensive educational and customer support services.

InstaForex Pros and Cons

InstaForex is a reliable broker with good range of instrument and great technology for Forex trading. Platform is user friendly and InstaForex has numerous deposit methods with low costs, professional education and analysis section.

On the other hand, InstaForex conditions are different depending on the entity you will trade with, also Fees for some instrument might be high.

InstaForex - official website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ RegulationCySEC, BVI FSC, FSC
📉 InstrumentsOver 100 currency pairs, derivatives of 34 US stocks CFDs and futures, commodities, tick trades, Cryptocurrencies
🖥 PlatformsMt4, MT5, WebTrader
🎮 Demo AccountFree practise account
💳 Minimum deposit0 $
💰 EUR/USD SpreadFrom 0.8 to 3 pips
💰 Base currenciesEUR, USD
📚 EducationProfessional education, analysis and research tools
☎ Customer Support24/7


Besides, InstaForex takes a very active part in various worldwide sponsorships or social events. Among the former and current partners of InstaForex are Borussia Dortmund Liverpool FC, Dragon Racing, Dakar Rally, Ole Einar Bjorndalen (Olympic champion of biathlete), Daria Kasatkina (Tennis rising star) and other prominent athletes and sports teams.

InstaForex awards

Is InstaForex safe or a scam

InstaForex is not a scam, is a reliable broker with various regulations considered lower risk Forex trading broker.

Is InstaForex legitimate?

InstaForex operating through several licenses in several jurisdictions, which guarantees its compliance to international protective laws and coverage of traders. Instant Trading EU Ltd is fully licensed by CySEC, Cyprus authority that conducts operational standards for financial investment firms within Cyprus and European zone respectively.

Along with the main license, the broker serves additional entities in offshore zones, in BVI registered by FSC and Saint Vincent and the Grenadines. Even though we do not recommend trading with offshore brokers only, additional regulations from Europe provide necessary guidelines complied with safety measures.

InstaForex license

How are you protected?

Therefore, according to the regulations and InstaForex license, it operates under full requirements and strict rules, which includes numerous security and transparency obligations. Thus, all clients’ funds are kept in segregated accounts, along with participation in compensation schemes in case of insolvency and with a secure trading environment.


While trading with InstaForex you are able to operate with fixed or floating leverage, while this powerful tool may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times. Yet remember that correct leverage should be set to various instruments, as it may increase your potential losses as well.

InstaForex leverage is determined by various measures and firstly set according to the regulatory requirements in the region or another.

  • So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an InstaForex account under their global entities allowing such high leverage levels.
  • In case you are a resident of Europe or trading with the European entity of InstaForex automatically you will comply to ESMA regulation, which lowered leverage to the maximum ratio of 1:30 on Forex instruments, 1:25 Spot Metals, etc.

Account types

InstaForex offers a wide choice of trading account types, yet regardless of the jurisdiction, Standard and Eurica accounts are available for all entities.

The default parameters of the trading InstaForex account are set to an MT4 platform, leverage of 1:200 (1:30 in case of European trader), along with the use of USA2 server and USD as a basic currency. Yet these conditions depend on the entity’s regulatory obligations and settled according to applicable demands, so be sure to verify those as per your residency.

InstaForex account

How to open Demo Account

It is not a complicated procedure to submit and sign for a Practise account known as Demo account, which is recommended to open at the very beginning. You can simply follow the account opening link above in our InstaForex review and proceed with the opening.


On Standard account costs are fixed spreads of 3 pips on majors offered, while Eurica accounts offer zero spreads and inbuilt its costs into fixed commissions which are paid after a deal is closed. This means, this way, the Bid price equals the Ask price on Eurica accounts.

What is more, the European entity offers three additional account types: ECN, ECN Pro, and Scalping. These accounts are characterized by Market execution and floating spreads starting from 0.8 pips, or in case you wish to trade through a cents account and swap-free trading it is available too.

FeesInstaForex FeesFXTM FeesAvaTrade Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLow, AverageHighAverage


InstaForex trading costs offers a range of various floating spreads depending on the technology you use. Also, according to the preferences you select through your account area there are options to choose the fee method and use either spread or commission basis. See below comparison on some popular instruments and InstaForex Spread, as well compare fees to another popular broker Pepperstone.

As well, always consider rollover or overnight fee as a cost, which is about –1.15 for short positions on Eur/Usd and 0.3 on long ones, which are held longer than a day. But keep in mind that Islamic accounts with swap-free features are available at request and are free.

Asset/ PairInstaForex SpreadFXTM SpreadAvaTrade Spread
EUR USD Spread3 pips1.5 pips1.3 pips
Crude Oil WTI Spread5 pips9 pips3 pips
Gold Spread1.3 point940
BTC USD Spread75290.75%

Trading Instruments

The InstaForex provides access to the global markets including ECN trading through a variety of trading instruments, which includes 107 currency pairs, derivatives of 34 US stocks CFDs and futures, binary options, as well commodities Gold and Silver.

The company regularly updates the trading list, thus clients of InstaForex were among the first ones to trade Bitcoin and CFDs on Facebook and Twitter.

InstaForex spread and chart

Deposits and Withdrawals

Once you open an account with InstaForex you will gain access to the online account management area where all money transaction and management is done.

Deposit Methods

InstaForex brings convenient ways of depositing and withdrawing money that includes the most common payment methods and some popular ones alike

  • PayCo,
  • Bitcoin via Skrill,
  • SoFort,
  • B2BinPay

InstaForex minimum deposit

There is no minimum deposit amount requirement at InstaForex, which allows you to start even from 1$. However, always make sure to check the desired instrument to trade, as various assets require different margins to be covered.

InstaForex minimum deposit vs other brokers

InstaForex Most Other Brokers
Minimum Deposit $1 $500


InsatForex using the same methods as the deposit and withdrawal options are Bank Wire Transfer, e-wallets and credit cards. InstaForex covers some fees for money transfers, bringing a possibility not to worry about extra charges on payments.

InstaForex deposit

Trading Platforms

What is fantastic in InstaForex is their execution that provides rapid speeds performed via 10 trading servers with technical safety at the bank level, and that is in addition to numerous investment and trading options.

User friendly trading softwareNone
Mainstays at the popular MetaTrader 4 and 5
Versions for Web, Mobile and Desktop trading
App for iOS and Android
Fee Report
Available of various languages

Web Platform

The platform offering itself includes the most powerful currently available platform – MT4 and MT5 along with Multiterminal and compatibility with any device. InstaForex was among the first ones who offered MT5 platform to their clients, however still mainstays at MT4 since the platform offers various settlements with the ability to always monitor account activity and receive notifications.

Web Platform offering easy access via any internet browser, however for advanced analysis and drawing tools we would recommend installing desktop version.

Desktop Platform

Thus, InstaForex MetaTrader4 as an industry-leading program  enables online Forex, CFD or futures trading, and features everything needed for a trader to monitor the financial instruments or analyze markets technically.

Numerous trading tools bring trading to a more professional level, along with Free VPS hosting, an allowance to trade through any strategy either using EAs, scalping or hedging, also with solutions for Money Managers and through PAMM accounts and APIs.

Placing order

InstaForex MT5

Tick Trades

Clients of InstaForex can also conduct tick deals right through a web browser with the help of its unique InstaTick Trader platform. Featuring an intuitive interface, this platform enables to benefit from price fluctuations within a stated period of time at ease and convenience. Yet, be sure to learn how to use the system smartly.

InstaForex PAMM

Customer Support

One of the good thinks at InstaForex is quality 24/7 customer service available via various service centers, over 260 offices and a trained customer support team.


Also, one of the cores of InstaForex businesses is to support traders with education and analytics designed by professionals where you will find not only education courses, videos, webinars, and seminars but also comments and analysis provided on regular basis about the market situation.

This supports beginner traders greatly, and of course, it is an essential part of trading success. Experienced traders also can enjoy materials and research tools provided and included in a trading platform or available online.

Forex Contests

Furthermore, InstaForex developed a range of contests and promotions that complement traders along with fantastic opportunities to gain valuable prices and that is besides precious experience. What is more, the trader can earn price trading through a demo account by taking part in InstaForex contests and getting real prize money to a live trading account.

InstaForex contest


For final though about InstaForex we found highest levels of quality working in accordance with the international laws and local standards. Throughout the history of operation, the rapid growth and technology development, trading tools and overall offering to the client traders with a different level of trading experience can find their trading solution at InstaForex, through PAMM or ForexCopy systems allowing to invest and copy trading without spending loads of time to make a decision, or trader with any applicable to him personally strategy.

ZachBinder From Greece | | Thursday, April 4, 2019

I’ve experienced a profitable trading platform with InstaForex for a year, Till now they provided high-quality service to me on MT4 Platform. Really the fixed spread and fast execution awesome, as I prefer to trade instantly on live prices with enough liquidity on eur/usd, usd/cad, gold, silver, crude oil and different shears. Really Excellent service which I got with InstaForex.

  • ZachBinder
Carter From Hungary | | Monday, January 28, 2019

Instaforex is truly a reliable broker. I started here as a newbie back in 2012. At that time, I had very little knowledge about Forex trading. So I opened a demo account at Instaforex. And although it was only a demo, I am still assisted by a representative and guided me in trading. Thanks to that, I was able to learn by practicing and I also found my trading style. After 6 months, I decided to open a live account and deposited $1000. I had no regrets and I’m still with them until now because I am fully satisfied. Through the many years I have been with them, I have seen how they kept improving their services according to clients’ satisfaction. As for the deposit and withdrawal transactions, it was always processed in 1-2 days.

Fal From Ukraine | | Friday, November 23, 2018

Out of the many brokers existing now, I am fortunate enough to become a trader at Instaforex. This is truly a reliable and just broker. There was one time when I withdrew an amount of $380 but only $280 was credited to my debit account. I contacted Instaforex about it and they said that they transferred the right amount and it could have been a mistake in the bank. Then they initiated that they will be the one to settle it with my bank so as to not cause inconvenience to me. They really did settle it and the right amount was reflected in my balance. Then my bank representative sent me an apology. If it was another broker, they probably won’t bother to talk to the intermediary and will just tell me to ask the bank myself.

  • InstaForex has announced about the sponsorship with Former Chess World Champion

    Russia-based Forex broker InstaForex has announced a new sponsorship deal with Viswanathan Anand, a former World Chess Champion. Viswanathan Anand will be the Brand Ambassador of the company and will help the broker promote forex trading and education. In 2000, Anand became Fide World Chess Champion. 7 years later, his dream of life came true...

    Read more

44 responses to “InstaForex”

  1. I’m using InstaForex for about 3 months by now. 1st one month I used their demo account. Then opened a a live account with $1200. I found them to be a pretty solid broker. No difference between demo and live account. Execution was fast and the spreads pretty tight. I am running EAs and it does not have a problem at all. S/L and T/P can be attached to an entry order, even I can set lot size before. I made profit of $563 last month using my EA. am very happy with their overall facilities.

  2. I have satisfied after start trading with InstaForex since 2016. They improved day by day and get the best broker from UK authority. As they have the best social trading and high tech platform. I can affirm that I can place an order in actual positions and close my orders instantly. While their spread is fixed, which is very crucial for scelper. I can use EA tools and see analysis and top news on the platform too. Really I am profitable by their convenient system and satisfied on transaction through skrill account.

  3. I chose InstaForex for their wide range of trading instrument. Usually I trade on CFD and metal they executed my trades in real-time. On 18 November I opened an order on Gold when the price was around $1455 and I closed them on 20 November when to price was above $1447 I made $410 profit. End of the last month I withdraw of $400 from my profit through Skirll and they processed it within in half an hour. From my personal experience, trading with this broker is good.

  4. Instaforex is a generous broker. It has always provided the best services possible to their clients. Aside from the high quality platforms, tight spread, and a great team of customer support representatives, they also give their clients the opportunity to grow more by giving rewards and bonuses. They make a way to give traders a chance to boost their accounts and at the same time enhance their trading skills. It would be crazy to leave a broker like this.

  5. market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.

  6. Instaforex offers high leverage hence it is up to you if you want to trade with 1:100 or 1:1000 leverage. The wider the range, the more choices the clients have. The services that this broker offers are flexible which makes them suitable for both experienced traders and beginners. The trading platform has advanced features yet it keeps it simplicity making it easy to operate. I have been with this broker for a few years now and I can say that it is highly worthwhile to invest with them.

  7. The trading platforms of Instaforex are all amazing but my favorite among them all is the mobile platform. I am glad because their mobile platform works just as smoothly as their desktop version. What I love about using it is its portability. I can still monitor my trades and even make my trading activities wherever I am. This broke is definitely reliable.

    • Thank you for choosing us! We will do our best service to help traders like you! 🙂

  8. I have a problem I opened a 1000 usd live account to start my trading journey and withdraw the profit I make but unfortunately now it had turned into a demo before I even validated my account. What should I do?

    • Dear Tempted, our company is apologizing for the late reply. The bonus funds are not available for withdrawal. However, profits gained from trading the bonus funds can be withdrawn if all terms stated in this Agreement are fulfilled. Clients are required to make a deposit within 7 days after opening the account.

      If the Client replenishes the account credited with InstaForex StartUp Bonus, profits gained from trading this bonus means is converted into the bonus worth 100% of a deposit amount. Moreover, the bonus for the first deposit equals 110% on condition that the Client earns a 10% profit from trading InstaForex StartUp Bonus and makes a deposit within 7 days since the Bonus is received. InstaForex StartUp Bonus will be converted into a demo account in case no deposit is made within 7 days since the Bonus is received. Afterward, both InstaForex StartUp Bonus and profits gained from trading the bonus funds are considered to be virtual money.

      For more information, you may refer to the startup bonus agreement at
      Please note, the will only be credited once you deposit and passed first level verification within 7 days

  9. Hello, our company is apologizing for the late reply. The bonus funds are not available for withdrawal. However, profits gained from trading the bonus funds can be withdrawn if all terms stated in this Agreement are fulfilled. Clients are required to make a deposit within 7 days after opening the account.

    If the Client replenishes the account credited with InstaForex StartUp Bonus, profits gained from trading this bonus means is converted into the bonus worth 100% of a deposit amount. Moreover, the bonus for the first deposit equals 110% on condition that the Client earns a 10% profit from trading InstaForex StartUp Bonus and makes a deposit within 7 days since the Bonus is received. InstaForex StartUp Bonus will be converted into a demo account in case no deposit is made within 7 days since the Bonus is received. Afterward, both InstaForex StartUp Bonus and profits gained from trading the bonus funds are considered to be virtual money.

    For more information, you may refer to the startup bonus agreement at
    Please note, the will only be credited once you deposit and passed first level verification within 7 days

  10. I just received the $500 start up bonus. Is this genuine or what?
    Please respond as quickly as possible.

  11. I’ve been trading with InstaForex platform for five years, till now I can trade smoothly with their stable MT4 platform with fixed spread. While I am a scalper and don’t like to trade on high leverage, As their fixed spread is profitable for me. I have seen the MT4 platforms is so fast and hasn’t any issue. I can use any EA too, Besides their trading session map, trader’s calculator is helpful tools for me. I am able to earn $2K, while I have withdrawn of amount $1.9K through Skrill account. No debate about InstaForex broker.

    • Hello Jarius, thank you for choosing us and your positive feedback. We wish you good luck in this new year!

  12. For the past year, I was able to keep earning through Instaforex despite losing my regular job. I am so thankful that this broker provides great services hence I was able to adjust easily even though I was only new to trading. Their trading tools are beginner-friendly. I was not intimidated at all to trade with them.

    • Hello Jeros, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us and for your positive feedback.

  13. What’s the essence of requesting for your phone password code word by the customer support team when you had issues with verification? Is it necessary; I thought it’s a confidential information, what’s the need for that request?

    • Hello, phone password (code word) – a password intended for identifying the owner of the trading account by the support service. The password is not used anywhere else. When contacting the customer support service, you provide a phone password and receive the necessary information on the trading account. You can find it in the email you received when registering the account.

  14. I’ve been doing forex trade with Instaforex and feel secure. Because only this broker has high-security trading accounts as liked bank level. Especially the two-step login authorization and the two-step verification on an account gives me this facility. I also like their segregated account. I say instaforex is the best are separate account services in order to maintain security fund trader. Besides they always provide a very good trading opportunity to me. I trade an Insta.Eurica account without spread, I think It’s full of all that is given by instaforex to me. Their MT4 platform has perfect order execution even I can use some useful tools and EA on this platform and I also follow the market’s updates daily. Such here I used their Market map, Superior Forex Desk, Pattern Graphix, and FX currency converter amazing tools. Their all advantage helps me to make a profit and learn new things in the forex market. Indeed Instaforex is the best professional broker.

    • Hello manekullah, thank you for choosing our company. We are always glad to help if needed! We wish you good luck!

  15. Nothing compares to my trading experience at Instaforex. This broker provided me with the opportunity to make money our of Forex trading. Despite the lack of experience and knowledge before, I still did well because of all the learning materials that this broker offered.

  16. Am I allowed to close my account anytime if I am not interested any more and will my total 8nvestment be forwarded to me.

  17. Hello, can you provide us with more information about the problems you have faced and your trading account number?

  18. InstaForex is my beloved broker. Their platform is superb, unique most of all users friendly. The web-based platform is incredible. I use both in different situation. They also provide instant funding and my withdrawals usually take one hour to be processed and many other key advantages for traders. Their support department if so good, are very approachable you can address your concerns and quickly answer your questions. I recommend this broker!

  19. I came to know InstaForex when I was searching for professional forex broker from various sources. After testing four brokers and I think, Instaforex is the far better broker from other broker. They are one of the best in the forex market for their service . The MT4 platform and Android platform both are outstanding , and never hanged as off yet. The withdraws took me normally within three hours through Netller. I much more like Instaforex than other broker. They set good example for others.

    • Hello Askona, we really appreciate your feedback. We wish you good luck and are always glad to help if it is needed!

    • Hello Samuel, please tell us your trading account number and as many details as possible about problems you have faced.

    • Hello! Unfortunally this page aren’t posting comments with the links. Please visit our official website. You can find all the conditions there. Also you can always write to the support service to clarify any questions.

  20. Your no deposit bonus is a big scam… After meeting all conditions… Immediately I deposited you wiped out all my laboured profit and your bonus… Please if your company cannot do start up bonus why are you decieving people? You even make me loose credibility in your platform… I hope you don’t also wipe out my deposit.

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