InstaForex Overview
| Website | instaforex.com |
| Year Founded | 2007 |
| Countries of Registration | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Website Languages | Arabic, Chinese, English, French, Hindi, Indonesian, Malay, Urdu, Portuguese, Russian, Spanish, Thai, Ukrainian, Vietnamese, Bengali, Uzbek |
| Regulators | BVIFSC, CySEC, SVGFSA |
| Broker Type | MM |
| Dealing | B-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, RUB |
| Spread | high |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies |
Brief look at InstaForex
InstaForex is a globally recognized forex broker established in 2007, offering a comprehensive range of trading services to both novice and experienced traders. Renowned for its user-friendly trading platforms, including MetaTrader 4 and its proprietary InstaForex platform, the broker provides access to a wide array of financial instruments such as currency pairs, commodities, indices, and cryptocurrencies. InstaForex distinguishes itself with competitive spreads, various account types tailored to different trading needs, and robust customer support available in multiple languages. Additionally, the broker offers educational resources and promotional bonuses, making it an attractive choice for traders seeking both flexibility and support in their trading endeavors.
Pros
- Access to numerous currency pairs, commodities, indices, cryptocurrencies, and more
- Availability of MetaTrader 4, MetaTrader 5, and the proprietary InstaForex platform
- Various account options catering to different trading styles and experience levels
- Comprehensive materials including webinars, tutorials, and articles to aid trader education
- Customer service available in several languages to accommodate a diverse client base
- Regular bonuses and incentives for both new and existing clients
Cons
- Certain withdrawal methods may incur additional fees, affecting overall trading costs
- Charges may apply for dormant accounts, which can be a drawback for less active traders
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InstaForex Reviews
InstaForex offers a great variety of account types and competitive spreads. The MT4 and MT5 platforms are smooth to use, and the mobile app is very convenient for trading on the go. Signing up was easy, and I appreciated the low minimum deposit. The withdrawal time was quick, and the bonuses and rebates are attractive. Highly recommend this broker!
3/10/2024My review of InstaForex is positive overall. The demo account was helpful for practice before trading live. The leverage options are flexible, allowing me to adjust my trading strategies. However, sometimes the withdrawal time can be a bit longer than expected. The app is user-friendly, and the login process is straightforward. Nice bonuses available for new sign-ups.
5/22/2024InstaForex provides a solid trading experience with access to both MT4 and MT5 platforms. The minimum deposit requirement is reasonable, making it accessible for beginners. I enjoy the variety of account types and the competitive spreads. The withdrawal process is generally smooth, though it can take a few days at times. The broker also offers attractive rebates and bonuses which enhance the trading experience.
6/15/2024While InstaForex has a comprehensive app and offers multiple account types, my experience has been mixed. The demo account is a great tool for new traders, and the leverage options are impressive. However, the withdrawal time was slower than I expected, and customer support could be more responsive. The spreads are competitive, and the broker provides useful bonuses, but these issues have held me back from giving a higher rating.
7/8/2024Excellent broker! InstaForex made the sign-up process seamless, and the minimum deposit was affordable. The MT4 platform is top-notch, and I love the additional features available on MT5. The mobile app is highly functional, allowing me to trade anywhere. Withdrawal time was fast, and the broker offers generous bonuses and rebates. Their customer support is responsive and helpful, making my forex trading experience smooth and enjoyable.
8/20/2024Leave a Review
Is InstaForex regulated?
| Companies | Instant Trading Ltd, Instant Trading EU Ltd, Insta Service Ltd, Insta Global Ltd |
| Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Regulators | BVIFSC, CySEC, SVGFSA |
| Investor Protection | Investor Compensation Fund (ICF) |
| Investor Protection Size | €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
InstaForex Account Types
| Property | Eurica | Standard | Cent |
|---|---|---|---|
| Min Deposit | $1 | $1 | $1 |
| Lot Size | 0.01 | 0.01 | 0.01 |
| Spread Type | Floating | Fixed | Floating |
| Execution | Market | Instant | Instant |
| Min Spread | 0.1 pips | 3 pips | 3 pips |
| Fee | $6 per 1 lot | No | No |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 |
| Stop Out | 10% | 10% | 10% |
| Margin Call | 30% | 30% | 30% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
InstaForex Funding and Fees
| Base currencies | USD, EUR, RUB |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO) |
| Inactivity fee | $10 per month after 3 months |
| Interest on margin | |
| Withdrawal Fee | 0-5% |
InstaForex Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | high |
InstaForex Trading Assets
| Currencies | 108 |
| Indices | 21 |
| Stocks | 1448 |
| Cryptocurrencies | 72 |
| Bonds | 0 |
| Metals | 8 |
| Energies | 6 |
| Soft Commodities | 13 |
| ETFs | 67 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| Welcome Bonus | 100%, up to $2,000 | Learn More |
| No Deposit Bonus | $1000 | Learn More |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Great Race | $100000 | $55000 | Monthly | Learn More |
| Sniper | $10000 | $1500 | Weekly | Learn More |
| FX-1 Rally | $40,000 | $1500 | Weekly | Learn More |
| Lucky Trader | $30,000 | $3,000 | Every 2 Weeks | Learn More |
| Real Scalping | $20,000 | $6,000 | Monthly | Learn More |
InstaForex Support
| support@mail.instaforex.com | |
| Phone | +35725654112 |
| YouTube | YouTube |
InstaForex Alternatives
| Broker | InstaForex | Exness | XM | RoboForex | IC Markets | Deriv |
|---|---|---|---|---|---|---|
| Type | MM | MM, STP, ECN | MM | MM, STP, ECN | ECN, DMA | STP |
| Minimum Deposit | $1 | $10 | $5 | $10 | $200 | $1 |
| Regulators | BVIFSC, CySEC, SVGFSA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | BFSC, CySEC, ASIC, DFSA | BFSC | SFSA, ASIC, CySEC, CMA | LFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 5 (MT5), Deriv X, cTrader |
| Spread | high | low | low | low | low | low |
| Leverage | 1:1000 | 1:2000 | 1:1000 | 1:2000 | 1:500 | 1:4000 |
| Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Cryptocurrencies |
Is InstaForex Right for You?
InstaForex stands out as a reputable forex broker with a wide selection of trading instruments, including currencies, commodities, indices, and cryptocurrencies. Its user-friendly platforms, such as MetaTrader 4 and the proprietary InstaForex platform, along with various account types, cater to both novice and experienced traders. The broker's commitment to trader education and robust customer support in multiple languages further enhances its appeal. However, potential drawbacks include the possibility of additional fees for certain withdrawal methods and a monthly inactivity fee after three months of dormancy. These charges can impact the overall trading costs, particularly for less active traders who may find the fees burdensome. InstaForex is an excellent choice for traders seeking a diverse range of trading options, comprehensive resources, and multilingual support. However, those who plan to trade infrequently or are sensitive to withdrawal fees may want to consider other brokers that offer more favorable terms for less active accounts.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
