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.
10 Points Summary
CySEC, BVI FSC, FSC
Over 100 currency pairs, derivatives of 34 US stocks CFDs and futures, commodities, tick trades, Cryptocurrencies
Mt4, MT5, WebTrader
🎮 Demo Account
Free practise account
💳 Minimum deposit
💰 EUR/USD Spread
From 0.8 to 3 pips
💰 Base currencies
Professional education, analysis and research tools
☎ Customer Support
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.
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.
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 the 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.
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 depending on the entity regulatory obligations and settled according to applicable demands, so be sure to verify those as per your residency.
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. Which means, this way, the Bid price equals to 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 cents account and swap-free trading it is available too.
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 FXTM.
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.
EUR USD Spread
Crude Oil WTI Spread
BTC USD Spread
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.
Deposits and Withdrawals
Once you open account with InstaForex you will gain access to online account management area where all money transaction and management is done.
InstaForex brings convenient ways of depositing and withdrawing money that includes most common payment methods and some popular ones alike
Bitcoin via Skrill,
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
Most Other Brokers
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.
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 software
Mainstays at the popular MetaTrader 4 and 5
Versions for Web, Mobile and Desktop trading
App for iOS and Android
Available of various languages
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.
Thus, InstaForex MetaTrader4 as an industry-leading program which 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 bringing trading to another, 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.
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.
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 in 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 makes beginning traders feel very comfortable and supported, and of course, it is an essential part for trading success. Experienced traders also can enjoy materials and research tools provided and included into a trading platform or available online.
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.
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.
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