InstaForex Review

InstaForex

InstaForex

www.instaforex.com

  • Leverage: 1:30 | 1:1000

  • Regulation: CySEC, FSC

  • Min. Deposit: 1 US$

  • HQ: Russia

  • Platforms: MT4, MT5, InstaBinary and WebIFX

  • 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

Top 3 Forex Brokers

  1. What is InstaForex?
  2. Awards
  3. Is InstaForex safe or a scam?
  4. Leverage
  5. Accounts
  6. Fees
  7. Instruments
  8. Deposits and Withdrawals
  9. Trading Platform
  10. Customer Support
  11. Education
  12. 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 Kaliningrad, Russia yet serves more than 260 representative offices 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.

ProsCons
Recognized and regarded broker worldwideConditions and trading costs may vary according to entity regulations
Numerous deposit methods and low deposit requirement
Professional education and analysis
Wide range of instrument available including Forex and CFD Cryptos
Professional platform with advanced tools based on MT4 and MT5

InstaForex Review

10 Points Summary
HeadquortersRussia
RegulationsCySEC, BVI FSC, FSC
Trading Instruments107 currency pairs, derivatives of 34 US stocks CFDs and futures, binary options, as well commodities Gold and Silver
PlatformsMt4, MT5, WebTrader
Demo AccountFree practise account
Minimum Deposit1 $
CostsCFD fees are ow and average. Option to trade via commission or fixed spread, cent trading
Base currenciesSeveral currencies offered
EducationProfessional education, analysis and research tools
Customer Support24/7

Awards

Besides, InstaForex takes a very active part in various worldwide sponsorships or social events and is an official partner of Liverpool football club, Dragon Racing, Dakar Rally, Ole Einar Bjorndalen (Olympic champion of biathlete), Daria Kasatkina (Tennis rising star) and more.

InstaForex awards

Is InstaForex safe or a scam?

ProsCons
License from European CySEC and ESMA regulationsNot listed on Stock Exchange
Global expand via BVI and SVG FSC authorizationOffshore regulations
Cross border licenses and global offering coverage
Negative Balance Protection applied

Is InstaForex legitimate?

InstaForex operating through several licenses in few 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 the secure trading environment.

Leverage

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 loses 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 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.

Accounts

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.

ProsCons
Fast digital account openingNone
Single Account for Live Trading
Separate Account for Investing in Stocks, ETFs
Free Practice Demo Account

Account types

So InstaForex offers single account feature, however, further you are able to choose between vast of developed for specific needs preferences, either defied by Platform, costs based on spread only or more competitive pricing through raw spread and commission, or even trading through cents account and availability of swap-free trading as a last.

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.

Fees

ProsCons
Available options between floating and fixed spread only or commission chargeFees for some instrument might be high
Islamic accountsCent account fees are hi
Low and average CFD fees
No additional costs or commissions
Stocks Free Trading

Our find on CFD Fees

For the trading costs themselves, the broker 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.

Comparison between InstaForex fees and similar brokers
Asset/ PairInstaForex FeesFXTM FeesAvaTrade Fees
EUR USD31.5 pips1.3 pips
Crude Oil WTI5 pips9 pips3 pips
Gold1.3 point940
BTC USD75290.75%
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingLow, AverageHighAverage

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

ProsCons
Fast digital deposits, including Bitcoin and Credit CardsDeposit fee may be applicable due to regional laws
Small first depositMethods may vary according to entity
Multiple Account Base Currencies
0$ free withdrawal
Withdrawal requests take up to 3 days

Deposit Methods

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

  • PayCo,
  • ePayments,
  • Bitcoin,
  • POLi,
  • giropay,
  • SoFort,
  • Trustly and many more.

What is the minimum deposit on InstaForex?

What is also amazing, there is no minimum deposit amount, 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.

Withdrawal methods

Withdrawals are performed through the same manner as the deposit was done and along with that, InstaForex covers all fees for money transfers, bringing a possibility not to worry about extra charges on payments. Nevertheless, always contact customer service and verify conditions according to your country rules.

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.

ProsCons
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 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.

Placing order

InstaForex MT5

Trading options

For the traders who work with options, the company offers to download INSTABINARY and WEBIFX, the programs that set manually to the trading platform and gives a wide range of possibilities to work with options at ease and convenience.

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 trained customer support team.

ProsCons
24/7 support through numerous multilingual representative officesNone
Quick response
Relevant answers
Availability of Live Chat

Education

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.

ProsCons
Comprehensive Education CenterNone
Multilingual education
Demo Account
Numerous Educational Videos and Webinars
InstaForex TV
Research tools and analysis

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

Conclusion

The InstaForex review accomplished the broker who adheres to the highest levels of quality while working in accordance with the international laws and local standards in particular countries. Throughout the history of their operation, the firm shows rapid growth along with technology development, trading tools and overall offering to the client.

InstaForex base of around 7 million clients definitely impressive, yet shows their quality and reliability also. That vast number of traders found their best option to the trader with InstaForex for the reason of their wide offering which includes Binary options and nowise Cryptocurrency trading through the choice of most powerful and convenient platforms of MT4 or MT5.

That’s true that 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.

Nevertheless, let us know your opinion about InstaForex, share your experience and do not hesitate to ask for additional information if necessary.

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

13 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.

  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 https://secure.instaforex.org/en/agreements/startupbonus.html
      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 https://secure.instaforex.org/en/agreements/startupbonus.html
    Please note, the will only be credited once you deposit and passed first level verification within 7 days

Leave a Reply

Your email address will not be published. Required fields are marked *

* code