Instaforex review
InstaForex Review
InstaForex offers an integrated solution from the world’s leading developers, allowing traders to trade facilitated through the largest counteragents providing direct access to the market. InstaForex was established in 2007 with its headquarters in Limassol, Cyprus and serves clients worldwide.
At this moment there are over 7 million traders who choose InstaForex and it is a huge number indeed! One of their priorities at any stage is to provide great services, which will be rightfully treated by each client during his trading process along with wide range of technical solutions. That make one of the best brokers on today’s market offering, other advantages such as comprehensive educational services or customer support service.
InstaForex Pros and Cons
InstaForex is a reliable broker with a good range of instruments and great technology for online Forex trading. The platform is user-friendly, which means that InstaForex has numerous instaforex deposit methods at low cost.
In addition to this, they have a professional education section as well as an analysis section where you can find any kind of content in the world financial market.
However it’s worth mentioning some drawbacks – conditions are different depending on what entity you will trade with (for example fees might be high).
10 Points Summary
Headquarters
Cyprus
Regulation and License
CySEC, BVI FSC, FSC
Platforms
Mt4, MT5, WebTrader
Customer Support
24/7
EUR/USD Spread
From 0.8 to 3 pips
Demo Account
Free practise account
Minimum deposit
0 $
Base currencies
EUR, USD
Education
Professional education, analysis and research tools.
Instruments
We offer over 100 currency pairs, 34 US stock CFDs and futures, commodities trading, tick trades of securities on our exchange. We also provide Cryptocurrencies services.
Awards
The company has also been an active part of various worldwide sponsorships or events. Some of the former and current partners of InstaForex are Borussia Dortmund Liverpool FC, Dragon Racing, Dakar Rally and Olympic champion biathlete Ole Einar Bjorndalen among others.
Is InstaForex safe or a scam
InstaForex is not a scam. It’s a lower-risk Forex trading broker that operates with various regulations in place. The business has been an established, trustworthy company for the last decade, and it does more than $5 billion worth of transactions every year.
Is InstaForex legitimate?
InstaForex operates through several licenses in different jurisdictions, which guarantees its compliance with international protective laws and coverage of traders. Cyprus-based Instant Trading EU Ltd is fully licensed by CySEC, the Cyprus authority that conducts operational standards for financial investment firms within the European Union.
How are you protected?
InstaForex is a full-regulated and licensed operation, which includes many security and transparency obligations. With segregated accounts containing the funds of all customers, as well as participation in compensation schemes for insolvency events with its secure trading platform; InstaForex has complete responsibility to offer top quality services that are consistent with what their clients have come to expect from them.
Leverage
The powerful tool of leverage may increase your potential gains due to the possibility to multiply your initial account balance in a particular number of times. But be careful not set it too high, because you might also lose money.
InstaForex leverage in forex is determined by various measures and firstly is set according to the regulatory requirements in that region or another one.
So if you would like to operate with higher ratios (1:400, 1:500 or even 1:1000), open an InstaForex account under their global entities which allow such high levels of risk-taking as well!
Account types
InstaForex offers many account types, and regardless of the jurisdiction, European Standard and USA accounts are available for all entities.
A default InstaForex trading account has a leverage of 1:200 (1:30 if you’re an American trader) and uses the USD as its base currency.
However, depending on your residency requirements or demands made by your regulatory body, these conditions may be verified accordingly so it is best to verify them according to where you reside.
How to open Demo Account
It is not complicated to sign up for an instaforex Demo account. You can simply follow the instaforex account opening link above in our InstaForex review and proceed with opening your demo account.
Fees
Standard account costs are fixed spreads of three pips on majors offered, while Eurica accounts offer zero spreads and inbuilt their costs into fixed commissions which are paid after a deal is closed.
What’s more, the European entity offers three additional account types: ECN, ECN Pro, and Scalping. These accounts have Market execution with floating spread in forex starting from 0 – 8 pips (or cents if you wish so).
| Fees | InstaForex Fees | FXTM Fees | AvaTrade Fees |
|---|---|---|---|
|
Deposit Fee |
No |
No |
No |
|
Withdrawal Fee |
No |
No |
No |
|
Inactivity Fee |
Yes |
Yes |
Yes |
|
Fee ranking |
Low, Average |
High |
Average |
Spreads
InstaForex trading offers a variety of spreads, ranging depending on the technology you use. You can also choose to use spread or commission for your fee method, according to the preferences set up in your account area. Here’s an example of some popular instruments and InstaForex Spread:
As well, always consider rollover or overnight fees as costs. They are about -1.15 for short positions on EUR/ USD and 0.3 on long ones, which are held longer than one day when considering Islamic accounts with swap-free features, that are available at request and free (though this is only applicable if requested).
| Asset/ Pair | InstaForex Spread | FXTM Spread | AvaTrade Spread |
|---|---|---|---|
|
EUR USD
|
3 pips
|
1.5 pips |
1.3 pips |
|
Crude Oil WTI |
5 pips |
9 pips |
3 pips |
|
Gold |
1.3 point
|
9
|
40 |
|
BTC/USD |
75 |
29
|
0.75%
|
Trading Instruments
With InstaForex, you can now trade the global markets. There are a variety of trading instruments available for you to trade, including 107 currency pairs and derivatives of 34 stocks, futures as well as Bitcoin or CFDs.
Deposits and Withdrawals
Once you sign up with InstaForex, you will have access to the account management area of their website where all money transactions and your account’s upkeep are managed.
Deposit Methods
InstaForex’s convenient ways of depositing and withdrawing money include the most common payment methods and some popular ones alike, such as PayCo, Bitcoin via Skrill, SoFort, and B2BinPay.
InstaForex minimum deposit
The minimum deposit amount at Instaforex is $1. You can start trading with $1. But make sure to check the asset you want to trade-in, because different assets have different margins that are required.
Withdrawal
InsatForex offers withdrawal and deposit options for money transfers, like Bank Wire Transfer, e-wallet services and credit cards. The service also covers some fees on payments to help you avoid extra charges.
Trading Platforms
There are many things that set InstaForex Trading apart from the competition, but one of its most notable features is how quick it is. This speed occurs via 10 trading servers with technical safety at bank-level security and in addition to numerous investment and trading options.
Web Platform
InstaForex is able to offer you not only the most powerful platform currently available- InstaForex MT4, which can be accessed via any internet browser but they also provide its clients with a wide range of settlements and tools. You are advised to download their desktop version for more advanced analysis and drawing tools.
Desktop Platform
InstaForex is an industry-leading program for Forex, CFD, and Futures trading. It features everything a trader needs to monitor financial instruments or analyze the markets technically, along with numerous trading tools that bring your trade to another level of professionalism, Free VPS hosting which allows you to trade through any strategy using EAs (Expert Advisors), scalping or hedging strategies.
They also have solutions for Money Managers who want leverage in their trades and through PAMM accounts, where one can distribute funds across multiple traders as well as APIs that allow simple entry into the market.
Tick Trades
InstaForex has a unique tool for trading in the form of InstaTick Trader. It allows you to trade right on your web browser with an intuitive interface that enables quick responses to price fluctuations within a stated period of time. Be sure, however, to learn how this system works and use it cleverly!
Customer Support
The good thing about InstaForex is the quality 24-7 customer service that’s available through various centers, over 260 offices, and a trained support team.
Education
Besides providing education and analytics, a core in InstaForex is to provide traders with trading tools. Beginning traders can feel comfortable here because they have knowledgeable speakers that give regular commentary on the market situation as well as tools for experienced traders. This will increase their chances of success, which is their main goal!
Forex Contests
InstaForex is an international broker that offers a number of contests and promotions, as well as opportunities to win prizes while gaining experience. Furthermore, traders can earn money trading in the demo account by taking part in InstaForex’s contests, and getting real prize money transferred to their live trading accounts.
Conclusion - InstaForex Review
InstaForex is the kind of company that works in accordance with international laws and local standards. Throughout its history, rapid growth and technological development, InstaForex has always been able to find a solution for any trader who wants it. For example, traders can invest through PAMM or ForexCopy systems without spending hours trying to make decisions about, which one fits them best or have their own personal strategy not limited by anything.
