Among the thousands of brokers and trading offering, it is a paramount priority to select the brokerage firm that suits your trading needs and applies the best practices applicable to your trading performance. For this reason, we support choices by reviewing brokers to know about their offering in a detail, along with InstaForex Review among others.
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.
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 trading list, thus clients of InstaForex were among the first ones to trade Bitcoin and CFDs on Facebook and Twitter.
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.
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.
Nevertheless, even though InstaForex offer looks attractive you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:
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 a 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 regulatory from Europe provides necessary guidelines complied with safety measures.
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.
InstaForex 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. 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.
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.
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.
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 Fees and Costs
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. 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.
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 the trading costs themselves, the broker offers a range of various floating spreads depending on the technology you use. 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.
Crude Oil WTI
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.
InstaForex Deposits and Withdrawals
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 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.t
Along with that, InstaForex covers all fees for money transfers, bringing a possibility not to worry about extra charges on payments.
Conclusion on InstaForex
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 a rapid growth along with technology development, trading tools and overall offering to the client. InstaForex base of around 7 million clients definitely impressing, 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.
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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...