Our Review Approach for InstaForex
Here at InstaForex, our team of Forex Trading experts, each with over a decade of industry experience, conducts an in-depth evaluation. This encompasses an exhaustive examination of trading conditions, regulatory adherence, fees and spreads, platform functionalities, the quality of customer service, and hands-on trading experiences. Our mission is to deliver expert insights into the realm of InstaForex.
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What is InstaForex?
InstaForex is a popular Internation Forex Broker that 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 quite powerful technical solutions among the market offering and other advantages like being suitable for beginning traders, the broker promises personal approach to each client with comprehensive educational and customer support services.
InstaForex is a quite good broker with wiide range of instrument and great technology for Forex trading. Platform is user-friendly and InstaForex has numerous deposit methods, also one of advantatges to admit traders can start with any amount since Broker didn’t set a minimum deposit, also the professional education and analysis section is another good thing provided.
On the other hand, InstaForex conditions are different depending on the entity you will trade with, also Fees for some instruments might be higher than other Brokers offer.
|Recognized and regarded broker worldwide||Conditions and trading costs may vary according to entity regulations|
|Numerous deposit methods and low deposit requirement||Spreads are high for some instruments|
|Professional education and analysis|
|No Deposit Requirement|
|Wide range of instrument available including Forex and CFD Cryptos|
|Good platform with advanced tools based on MT4 and MT5|
InstaForex Review Summary in 10 Points
|Regulation||CySEC, BVI FSC, FSC|
|Instruments||Over 100 currency pairs, derivatives of 34 US stocks CFDs and futures, commodities, tick trades, Cryptocurrencies|
|Platforms||Mt4, MT5, WebTrader|
|Demo Account||Free practise account|
|Minimum deposit||0 $|
|EUR/USD Spread||From 0.8 to 3 pips|
|Base currencies||EUR, USD|
|Education||Professional education, analysis and research tools|
Overall InstaForex Ranking
With our Expert finds and overall review we consider InstaForex as good proposal for traders of Forex or CFDs, also regular-size traders. We found good technology provided, low deposit requirement and selection of platforms, also conditions are overall good.
- InstaForex Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
|Advantages||Low Deposit||Low Spread||Transparency|
InstaForex Alternative Brokers
Yet, we found some minor disadvantages too, InstaForex offering with our opinion is mainly suitable for Forex trading, also international entity trading conditions are wider even though Europe trading is more safe. Besides, we found fees on spreads for standard account higher than other competitors. So it good to consider other brokers too, see our selection of Alternative Brokers below:
- HFM – Low Forex Spread Broker
- IC Markets – Excellent cTrader Broker
- BlackBull Markets – Good for High Leverage trading
InstaForex takes a very active part in various worldwide sponsorships or social events. We see along the time InstaForex constantly receive awards, and is among the former and current partners of various activities including FC, Sport Stars Sponsorships and other prominent athletes and sports teams.
Is InstaForex safe or scam?
InstaForex is not a scam, is a reliable broker with European regulation considered lower risk Forex trading broker.
See our conclusion on InstaForex Reliability:
- Our Ranked InstaForex Safety Score is 7 out 0f 10 for good service along the years of operation. The broker is licensed Europen broker under CySEC license which provides good security, however, wee see main coverage and international traders are operating via offshore zones with lower requirements. So, we advise open an account at InstaForex Europe for better safety.
|InstaForex Strong Points||InstaForex Weak Points|
|License from European CySEC and ESMA regulations||Not listed on Stock Exchange|
|Global expand via BVI and SVG FSC authorization||Offshore regulations|
|Cross border licenses and global offering coverage|
|Negative Balance Protection applied|
|Financial Ombudsman Service|
|Coverage from Investor Compensation Fund|
Is Instaforex regulated?
InstaForex operates through several licenses and 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 the 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?
According to the regulations and InstaForex license, it operates under full requirements and strict rules in Europe, 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 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 or become a Professional Trader
- 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 Account types
We found InstaForex offers a wide choice of trading account types, yet conditions and proposals re based on the enity you would open account with, hoewver regardless of the jurisdiction, Standard and Eurica accounts are available for all entities. See our finds on the International account proposal on the snapshot below.
The default parameters of the trading InstaForex account are set to an MT4 platform, leverage of 1:200 for International traders (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.
|Fast digital account opening||None|
|Single Account for Live Trading|
|Separate Account for Investing in Stocks, ETFs|
|Free Practice Demo Account|
How to trade on Instaforex?
TO trade InstaForex you obviously need to open account first, select the trading platfrom you wish to use, pass education if you’re beginner, make a deposit and get into trading process itself.
How to open Demo Account?
At first, you can sign in for Demo Account, since it is not a complicated procedure to submit and sign for a Practise account at InstaForex, 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 following the steps.
The InstaForex provides access to the global markets 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. Yet, options based on the entiy you trade, alike Binary Options are high-risk instruments and available only via international branches.
Besides, good point the company regularly updates the trading list like we saw in before and until now, alike clients of InstaForex were among the first ones to trade Bitcoin and CFDs on Facebook and Twitter.
- InstaForex Instrument Score is 8 out 0f 10 for good trading instrument proposal overall. However, we see the range of instruments is different based on entity, the European branch offers more of the basic instrument for Forex and CFDs.
Does Instaforex have no deposit bonus?
Bonuses if any might be available only by offshore or International entities. European regulation forbids offer and use of Bonuses since recognizing it as marketing tool. You can find under the International entities weather InstaForex Bonus is available and how does Instaforex bonus work, besides there are always terms and conditions applied.
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. Yet, is important to consider all the fees like funding fees and inactivity, see our find below.
- 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.
- InstaForex Fees are ranked good with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Overal fees are good, some deposits and withdrawals are free of charge, but we recommend to check based on entity you operate and what method you would use, also mind inactivity fee
|Fees||InstaForex Fees||FXTM Fees||AvaTrade Fees|
|Fee ranking||Low, Average||High||Average|
As for our find on Fees, Standard account costs are fixed spreads of 3 pips on majors offered, while Eurica accounts has 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. See below comparison on some popular instruments and InstaForex Spread, as well compare fees to another popular broker Pepperstone.
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.
- InstaForex Spreads are ranked average with overall rating 7 out of 10 based on our testing comparison to other brokers. We rank it lower since some accounts offering higher than other competitors’ spreads, yet some spreads are fixed which is overall an attractive option especially for beginning traders, also fees are different based on account and entity, so some are quite attractive ones.
|Asset/ Pair||InstaForex Spread||FXTM Spread||AvaTrade Spread|
|EUR USD Spread||3 pips||1.5 pips||1.3 pips|
|Crude Oil WTI Spread||5 pips||9 pips||3 pips|
|Gold Spread||1.3 point||9||40|
|BTC USD Spread||75||29||0.75%|
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.
- InstaForex Funding Methods we ranked Good with overall rating 9 out of 10. The Minimum deposit is not setm so traders can start with any ammount which is great, also international trading supports numerous methods with low fees, while European is rather a modest offering only most used and regulated ones, but still conditions are good with our opinion.
Here are some good and negative points for InstaForex funding methods found:
|InstaForex Advantage||InstaForex Disadvantage|
|Fast digital deposits, including Bitcoin and Credit Cards||Withdrawal fee may be applicable due to regional laws|
|0$ first deposit requirement||Methods vary according to entity|
|Multiple Account Base Currencies|
|0$ deposit fee|
|Withdrawal requests are processed within one working day on average|
InstaForex brings convenient ways of depositing and withdrawing money that includes the 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
|InstaForex||Most Other Brokers|
How to withdraw from InstaForex?
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, but mind checking wether methods available at your entity or your residence region.
InstaForex Platform offering includes the most powerful currently available platform – MT4 and MT5 along with Multiterminal and compatibility with any device. Also, we mark it as 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.
Scores & Availability of different platforms
- InstaForex Platform is ranked Good with overall rating 9 out of 10 compared to over 500 other brokers. We admit good selection with popular MT4, MT5 also its own developed platform included, while all a very user friendly yet packed with tools.
|Platforms||InstaForex Platforms||FBS Platforms||Plus500 Platform|
Web Platform offering easy access via any internet browser, also its own developed InstaForex WebTrader is accessible via browser only, however for advanced analysis and drawing tools we would recommend installing desktop version.
InstaForex MetaTrader4 as an industry-leading program enables online Forex, CFD or futures trading, and features everything needed for a trader to monitor 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.
- Besides, InstaForex execution 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.
Placing Trading Order
One of the good things InstaForex offers to clients is 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.
- Customer Support in InstaForex we rank Good with overall rating 9 out of 10 based on our testing. We found customer team responsive and professional, also multilanguage and availability 24/7 is a great plus
See our find and Ranking of InstaForex Customer Service Quality:
|24/7 support through numerous multilingual representative offices||None|
|Availability of Live Chat|
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 analyses provided on regular basis about the market situation with Live Trading Sessions.
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.
- InstaForex Education ranked with overall rating 9 out of 10 based on our findings, we trully enjoyed the Education section of InstaForex and its provided analysis with tool, it is well organized, packed with essential and advanced materials and is just great quality.
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, yet check on the conditions or availability on relevant entity, since all vary.
InstaForex Review Conclusion
For final though about InstaForex we found highest levels of quality working in accordance with 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 personal strategy. Yet, we would advise opening account with European entity if it is available for you, conditions there are more limited yet are more safe.
Based on Our findings and Financial Expert Opinion InstaForex is Good for:
- Beginning Traders
- Forex Traders
- Traders who prefer MT4 or MT5 platform
- EAs running
- Swap-Free trading
- Low Deposit Trading
- MAM/PAMM Trading
- Forex Contest Trading
- Traders with Variety of Trading Strategies