Instaforex broker review

Instaforex is an unethical company. 2018-08-02: cysec had fined instant trading EU (one of the companies behind instaforex and forexmart) €130,000.

Huge forex bonuses

The fine was for non-compliance with article 36(1) of the law, as it did not act fairly, honestly and professionally in accordance with the best interests of its clients and also for non-compliance with article 36(1)(d) of the law and paragraphs 15 and 16 of the directive, as it failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate is appropriate for them.

Instaforex review

Instant trading EU ltd

Also instaforex.Eu

Instaforex is a forex broker. Insta forex offers the MT4 and MT5 trading currency platforms. Instaforex.Com offers over 105 currency pairs, bitcoin, cryptocurrencies, shares, oil, gold, silver and cfds for your personal investment and trading options.

2018-08-02: cysec had fined instant trading EU (one of the companies behind instaforex and forexmart) €130,000. The fine was for non-compliance with article 36(1) of the law, as it did not act fairly, honestly and professionally in accordance with the best interests of its clients and also for non-compliance with article 36(1)(d) of the law and paragraphs 15 and 16 of the directive, as it failed to ask clients to provide the necessary information regarding their knowledge and experience, to assess whether the investment service or product is appropriate is appropriate for them.

CLICK HERE to confirm.

Scam alert!

The FPA has confirmed a scam case against instaforex.

Click here to read what happened.

Scam alert!

Instaforex is hereby blacklisted by the forex peace army. We urge traders not to open accounts with insta forex. If you already have an account open with them, we urge you to withdraw all of your funds immediately. If instaforex refuses to process your withdrawal, we recommend contacting your bank and local police to see if you can file charges for internet-based financial fraud.

2011-01-26: the CFTC filed a lawsuit against 14 offshore forex brokers, including instaforex. CLICK HERE to verify.

Need more info?
Read and ask HERE .

Broker details

deposit methods:

bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay

withdrawal methods:

bank wire, VISA, mastercard, alipay, american express, bitcoin, diners club, JCB, litecoin, local bank deposits, local bank transfers, payco, unionpay, wechatpay

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Traders reviews

I deposited my money with this shit broker. My trades where always at a loss, and if it manages to show blue is just for some seconds and the market will suddenly become very slow. But when its showing red, the market begins to move very fast. I wondered what problem really was until I started placing trades simultaneously on another broker. That was when I discovered instaforex was manipulating their platform.

I later tried to withdraw my funds to no avail. Everything about them is a scam

Length of use: 6-12 months

Instaforex took my profit 8.5k. They claimed that the profit 8.5k was made from 900usd usd bonus given during my initial deposit 3k usd.
They took my profit clause 11. Fyi, my fund manager did not inform about clause 11 impact if i took 30% bonus.

Instaforex is an unethical company.

My son committed suicide because of instaforex.

They were confiscated illegally for his son's profit of $ 7000.

My son was recording all $ 7000 transactions.

I requested payment by september 26th.

If instaforex does not pay, i will sue instaforex yes.

If you are not paid, write your email address here.

People who were in the same damage!

Length of use: over 1 year

Frequently asked questions

Is instaforex a good and legitimate company?

Instaforex has been fined by cysec for several reasons, including that "it did not act fairly, honestly and professionally in accordance with the best interests of its clients."

Instaforex has been sued by the US CFTC. Instaforex has been the subject of warnings by at least 4 other government regulators around the world.

The FPA does not consider instaforex.Com, instaforex.Eu or any related site to be a good or legitimate company.

Can I withdraw an instaforex bonus?

Getting bonus money or else profits from a bonus at instaforex is not always easy. Even if a trader follows all the rules, instaforex can accuse a trader of cheating, cancel the bonus, and confiscate all profits. Instaforex can do this without presenting any evidence.

In 2008, two FPA members were accused of cheating while using an instaforex bonus. Instaforex not only removed the bonus, but also confiscated the profits that both traders had made. Instaforex's representative to the FPA promised to provide evidence to back up this cheating accusation. She never provided a single piece of evidence. Instead, she just kept emailing her claim that they cheated and said that her repeated unsupported claims of cheating qualified as proof of cheating. The FPA does not consider repeating an accusation dozens of times to be evidence that the accusation is true. The clients were never paid for the profits instaforex took from their accounts.

Even without a bonus being involved, it is possible for instaforex to confiscate profits based on an unsupported accusation of cheating.

The FPA is not surprised that cyprus fined instaforex for being unprofessional, unfair, and dishonest in dealing with its clients. The FPA is only surprised that it took so long before this was done.

Is instaforex regulated?

Even in march of 2020, instaforex.Com's website still claimed that the instavector branch of the company is registered with the russian federal financial markets service. The FFMS was disbanded in 2013 .

Instaforex was regulated in belize. It is not regulated there any more. Some people claim that the belize IFSC threw instaforex out. Instaforex claims they voluntarily gave up being regulate there.

Instaforex is regulated by cysec in cyprus. Instaforex has also been fined by cysec for being dishonest and not acting in the best interests of its clients.

Outside of europe, instaforex is regulated by the BVI FSC, which is not known for being a very strict regulator.

Instaforex is also registered with the SVG FSC, which specifically does NOT regulate forex, binary, or crypto trading.

Instaforex reviews

29 • average

Write a review

Reviews 29

Good broker

Hi guys,
I never write reviews.
I have used AVATRADE | XM | INSTAFOREX | . But I felt like I needed to for this company. They are hands down one of the best out there. They offer one of the most services for a forex broker. I’ve been using them since 2018 I have 61 referred clients, I have used the PAMM system, I have withdrawn from commission account, I have transferred funds via the internal wallet I have deposited and withdrawn via a debit card. I have clients who have deposited via USDT. They do not always reply within 24 hours via email which I learned to accept. But they offer a whats app chat incase you need help and want a quicker reply, usually get a reply within 3 hours of message being sent. OR feel free to DM that page requesting my personal page and I’ll happily send you proof ive been with these guys for over 2 years now. As with the best things in life you need PATIENCE! Also read your terms and conditions this will stop you from being so angry at people who work in this company because you failed to read the terms.

Fruad company

This broker is one of the fraudulent broker.. Don’t go through this broker. I uploaded documents for verification and they accepted level 1 and level 2 verification after that I deposited amount and amount has been debited from my account but now they are saying your second level of verification is rejected and your amount will be credited after verification and ask utilities bill or bank statement (bank statement is also with stamp and signature). I don’t have utility bill and I am out of city for few months and how can I get bank statement with stamp and signature? It is fully fruad

I am proud to say that I am achieving…

I am proud to say that I am achieving 200-350 profits per month using their MT4 platform.
I am planning to join forexcopy soon so wish me luck! Happy trading to everyone :)

Big scam,my trade go more than 20pips…

Big scam,my trade goes more than 20pips in profit and will still be in 0.20

This is truly one of the bestthis is truly one of the best sites in the world where I work. I live in iran and I am proud that there are such sites that help people in the community. I really thank th

This is truly one of the best sites in the world where I work. I live in iran and I am proud that there are such sites that help people in the community. I really thank the instaforex site

It's amaze me they are still in the market

I really didn't expect they are still in the market. I think I trade with them many years ago. But some negativity regarding withdraw and I have no problem with that because my account under some introducing broker. Their downside are definitely about their spreads. If you ask me if they are real, probably yes because they always have some promotional events in our country. There are better choices out there in my opinion.

Hi gays! Few words about instaforex

Hi gays! Throughout the years that I have been trading with instaforex they have proven me that they are worthy of my trust. I have seen and experienced how much they care for their client and provide the services I need and I am very grateful to my friend who invited me to trade with instaforex, it has been a great help for my financial needs.

Thank you for your comment. Your opinion is very important.

Instaforex is a scam broker

Instaforex is a scam broker, I have tried many times to make a withdrawal, they have refuse to approve my documents, for over 6 months now I can't have my money, so I dicided to continue trading, their system is wired, when you are making profit they disturb your account with one way or the other, they make thier system not to respond to trading, you can't take profit, or place a trade for a while,. When you ask the support system to close trades for you, they make sure you stay at the lossing end before trades are closed, I can't continue because the whole system is a big scam and they all are connected to it

We are sorry to hear you experienced some problems while using our system. Be sure we treat our customers wisely and do our best to make their cooperation with us as comfortable as possible.
Also, please be informed that instaforex is a regulated broker and has some obligations to follow set as by regulator, as by the banks. To make the situation more clear and let you know we are always here for you, kindly provide us your trading account number. We'll look at it and reply to you either here or via email.

Do not hesitate to contact us again should you have other issues or problems.

They have too many bad rules during…

They have too many bad rules during trading, like 1+ minute so they'll consider your position legitimate. Not a good trader for scalper because of this exact matter + their spread isn't so good compared to many other brokers. Their license for arab countries won't protect you when things goes wrong with them.

We are sorry to hear you had a bad experience with us. First of all, we'd like to remind you that instaforex is a licensed broker and is always under the control of authorities.
Secondly, can you specify the exact problem you faced or maybe provide your trading account number so that we could get more details regarding the issue? We definitely understand your concern but would like to analyze the situation and help you get the info more clear.

Real bonuses

I remember back when I was still looking for a forex broker to deal with. There are a huge number of brokers lurking around and it was difficult to choose. But then instaforex stood out among the crowd through their promo campaigns. The bonuses and rewards that they offered were truly enticing. What’s impressive is that these bonuses are not only for attraction. This broker stays true to its promises and really gives the bonuses.

My first no deposit bonus

I started trading with instaforex using their no deposit bonus from 2016 and it was a great opportunity for me to trade not using just their demo but also trade using the live account. At first I am having difficulties on how to trade, I could not get bonus and not even earn some profits but thanks to my friends who helped me. They taught me all the strategies soi can make profit. Nowadays, I trade with USD pairs which is easier for me and I also use the market analysis in helping me about the market conditions. As I remember, the last deposit of $150 that I made via e-payment card was no hassle and also via withdrawal too. The process doesn't take long and it is only done up to 24 hours. There is no hidden commision which is a great! So what I am saying is that instaforex broker's payment is smooth and reliable in the forex market with stable service and the satisfied trading conditions. If you will encounter a problem with your trading, their customer service is always available online, it's just easy! Just click their online support and an official representative will talk to you right away and will help you as much as they can! Till now I have a nice experience with instaforex broker!

Nice PAMM system!

Good PAMM service!
I'm thrilled with the results.

Good broker

I’m really happy I found you guys :)

Best startup bonus

Instaforex gives me so much hope during this pandemic crisis. The 1000 US dollars startup bonus helps me trade without an initial deposit. I managed to earn some profits, and already replenished my trading account 5198770 thru skrill on the 10th day of may. I received the money instantly. Soon, I am going to withdraw my earnings!

Good service for making money

The forex copy service is great!

Very good customer support

Very nice broker

Very nice broker. Good working and withdrawal conditions.

Do not believe a word

Do not believe a word. I am ill and for this reason do not work. They got calls and still persuaded to take a loan and make a deposit. The result is neither analyst nor money. Don't believe

Absolute scam,took me months before I…

Absolute scam,took me months before I could get my investment back,

Instaforex broker review

Reviewer : justin freeman

Published: 12th august, 2020.

Broker information

Platform info

Platform: MT4

Web based: no

Mobile trading: no

Broker services

Open free
demo account

Expert summary

The company provides a wide range of services to its customers, which covers everything from the moment of opening an account to the moment of withdrawal of earned funds.

Instaforex has gained a leading position in the field of such services. This is entirely due to the fact that the company offers favourable trading conditions and a wide selection of trading instruments.
The total number of trading instruments exceeds 300 pieces. Instaforex, like all other brokers, provides access to the most popular metaquotes software (MT4).

It should be added that traders are given leverage. The leverage is from 1: 1 to 1: 1000. You can conduct the trading process, both with commissions and without.

The company systematically updates the available financial instruments. Clients who work with instaforex were among the first to work with bitcoin and one of the first to offer the opportunity to trade cfds in global companies.

Today, the company offers not only brokerage services in the forex and binary options market, but also other features:

• professional training for beginners and experienced traders who wish to develop.
• forexcopy accounts
• PAMM accounts
• free trading terminals with a convenient user interface

According to the ideology of the company, all the activities of the company are based on improving trading conditions and creating comfort for all customers. However, there are many dissatisfactions of former and current customers online. According to the instaforex website, the broker received a number of awards for the best broker. However, the list of praises and praises of the website about instaforex services and the attention paid to their customers contrasts significantly with the many forum posts about the poor service they actually provide.

The company also offers a $ 200 welcome bonus for new customers. Many online posters say they either didn’t receive this bonus or claim that the company used it in fraud.

Instaforex website contains non-native english text. Despite the attractive appearance, the english text on the instaforex website is clearly not native with obvious grammatical errors. For example, this is one of the first lines that attracts your attention on the site:

“instaforex trading conditions are universal tools for managing funds in the forex market.”

Although this linguistic flaw is admittedly unlikely to have a big impact on your forex trading, this is the red flag of a forex scam for a company. Essentially, if a company can afford to pay for a trendy website, at least they can make the text on it written in proper english.

At first glance, if you can handle bad english, the website seems like a legitimate forex broker, even claiming to be the “best broker in asia.” nevertheless, even this statement is worrying, because the verb “break” in the terminology of the forex market implies the action of manipulating the two sides in the trade.

Free demo account

Broker summary

The instaforex website consists of a comprehensive site with a wide variety of features for a forex broker and gives a quite impressive initial visual appearance.

The website has extensive pull down menus for all types of forex participants from beginners to seasoned traders, and it has an area for partners where you can register as a referral partner with the company. They offer four different partnership arrangements such as an introducing broker or a “trade-partner” where you recommend instaforex to your friends and family.

The website gives the overall impression of a foreign, yet professional, forex brokerage that provides many incentives for new traders to join up. One such incentive is the opportunity to win a lotus elise sports car and a cash bonus when opening a new account.

Also, the trading platform offered is apparently “the most dynamically developing trading platform based on metatrader 4 terminal.” in addition, the mobile version for windows mobile and multiterminal are offered by the broker.

Broker introduction

According to the instaforex website, the broker has garnered a number of awards for best broker.

Established in 2007, instaforex is the registered trademark of the instaforex group. The multi-asset, multi-regulated CFD broker is headquartered in mesa geitonia, cyprus and has more than 260 representative offices globally. Instaforex offers around 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.

InstaForex Review, instaforex broker review.

The subsidiaries include instant trading ltd, instant trading EU ltd, instavestor ltd, insta service ltd, and insta global ltd. The regulators include cysec, the british virgin islands financial services commission, and the central bank of russia. The firm provides services to global clients from its offshore-registered firm in saint vincent and the grenadines.

Spreads & leverage

You are able to sign up to the forex broker instaforex with a deposit as small as $1.

Instaforex meets the standards and needs for traders of any kind. As for those who like to afford to take risks, so for conservative traders who prefer not to take risks. For example, a company offers trading using leverage from 1: 1 to 1: 1000.

Also, to meet the different needs of its customers, instaforex gives them the opportunity to choose the type of their account.

Traders can open an account without a commission with classic spreads, accounts with a commission instead of spreads, cent accounts, segregated accounts or islamic accounts. Regardless of the type of your trader, instaforex has favourable conditions for trading.

Cent account

Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission

Standard accounts

Spreads 3 – 7 pips or 0 pips and 0.03% – 0.07% commission

ECN accounts

The minimum deposit is $ 100 (for a standard account) and $ 1,000 (for a professional account)

The average floating spread is 1.2 pips (for a standard account) and 0.8 pips (for a professional account)

Scalping account:

1.2 pips average floating spread

Instaforex boasts multiple resources and has won several awards in client services. Instaforex offers around 300 CFD instruments which includes: forex, shares, indices, metals, gas, cryptocurrencies and oil. As a client of instaforex, you are able to trade in futures and binary options.

Additionally, instaforex offers both metatrader 4 and 5 platforms, and these are available across web, desktop and mobile applications.

Open your account today

Platforms & tools

As mentioned above, as a trader with instaforex, you are able to use both metatrader 4 and 5 platforms, which are available across web, desktop and mobile applications.

In addition to metatrader 4 and 5, you are able to use IFXBIT and instatick. Metatrader and IFXBIT are predominantly used for CFD trading, where as instatick can be used for traders that want to bet on binary options.

The use of metatrader 4 is a user-friendly experience with an easy-to-use interface that is accessible in 39 languages.

MT4 supports all browsers, including: windows, macos, as well as iphone and android devices.

Instatick is the binary options trading platform on instaforex, and claims to have won over 40 international awards. You are able to sign up and deposit funds in three currencies, which are: USD, EUR and RUB. With a clear interface and accessible in ten languages, it’s an easy tool to use.

Trading tools that the company offers for its traders:

Over 100 currency pairs

Over 80 popular US stocks

Gold and silver trading

Futures CFD

Options and binary options

Commissions & fees

Instaforex charges the following fees:

A copy-trading fee – these are for traders that copy the strategies of professionals. This includes a commission of 0.5 pip per lot on ALL copy trades.

A swap fee – this is for holding overnight positions in any of the financial instruments on the instaforex site.

Instaforex charges a commissions of 0.03%-0.07% on the insta eurica and cent eurica accounts, while the other two accounts available with instaforex carry zero commissions.

Like all online brokers, instaforex receives most of its income from spreads, which remain elevated in all comparisons and vary depending on the specific account that the client has.

As already mentioned above, the platform offers two different types of accounts: standard and eurica. The main difference between these accounts is as follows: standard accounts use fixed spreads starting at 2 points, while eurica accounts use fixed commissions starting at 0.02%.

EU customers have other types of accounts, such as ECN, ECN pro and scalping, which are supported by a floating spread of 0.8 or 1.2 pips.

Novice traders are advised to take commissions rather than spreads to ensure efficient trading due to little experience in the financial market.

As mentioned above, commission brokers are relatively elevated. The average spread in the ECN pro account starts at 0.8 pips, while the insta. The standard account comes with fixed spreads ranging from 2.0 to 7.0 pips, the rest of the accounts are listed at 1.2 pips.

Education

Instaforex does NOT have a separate education section on its website, which is most unusual for a broker. However, this does not mean that there’s no resources for traders trading with instaforex.

All you need to do to find educational an analytical resources is look under the ‘for beginners’ and ‘for traders’ sections.

We recommend that beginners can find all of the information required under the ‘for beginners’ section and if you are an experienced trader looking for something more advanced, we recommend you look under the ‘for traders; section.

Beginner traders can get free courses to test their trading strategies. And as soon as a client opens an account and deposits real funds, a possibility is given to subscribe to the newsletter of analytical news and trading signals, which was prepared by experienced traders of the company, who spent a lot of time analysing the market.

The company also offers access to the economic calendar to study market events on their website. Moreover, the client can use the trading simulator and see repetitions of his transactions.

The client can use the latest online trading technologies to access information resources and news. This is why thousands of beginners and professional traders use instaforex.

Free demo account

Customer service

You are able to content instaforex via livechat, email and callback request. Unusually, instaforex does not provide a telephone number for individuals and clients to call, except for those that have registered in europe.

Additionally, you can contact instaforex through viber, telegram, whatsapp, facebook messenger and skype.

Final thoughts

In conclusion, we find instaforex an accessible and easy-to-use broker. Instaforex operates in several countries with numerous licences and has millions of customers using its world-class trading platforms.

There is an abundance of educational resources on the site, and the account opening process is simple and easy to navigate. Individuals registering with instaforex in europe can be sure that the safety of their funds are secure, however, the same cannot be said for international clients.

Unfortunately, the trading costs are very high, and the helpdesk system could be better. Instaforex gives you the opportunity to participate in partnership programmes, as well as contests and campaigns, so this can be seen as a bonus.

In addition, the old line of “if it is too good to be true, it probably is” comes to mind when considering the alluring instaforex “welcome bonus”, in addition to the supposed opportunity to win a pretty sports car.

However, we consider instaforex to be a reliable broker, and one that provides excellent trading conditions.

Instaforex review

Instaforex

Leverage: 1:30 | 1:1000

Regulation: cysec, FSC BVI

Min. Deposit: 0 $

HQ: cyprus

Platforms: MT4, webtrader, mobiletrader

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

What is instaforex?

Awards

Is instaforex safe or a scam?

Leverage

Accounts

Fees

Instruments

Deposits and withdrawals

Trading platform

Customer support

Education

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 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 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.

Pros	cons
recognized and regarded broker worldwide	conditions 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

10 points summary

�� headquarters	cyprus
��️ 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
☎ customer support	24/7

Awards

Besides, instaforex takes a very active part in various worldwide sponsorships or social events. Among the former and current partners of instaforex are borussia dortmund liverpool FC, dragon racing, dakar rally, ole einar bjorndalen (olympic champion of biathlete), daria kasatkina (tennis rising star) and other prominent athletes and sports teams.

Is instaforex safe or a scam?

Pros	cons
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 legitimate?

Instaforex operating through several licenses 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 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?

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 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.

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.

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.

Pros	cons
fast digital account opening	none
single account for live trading
separate account for investing in stocks, etfs
free practice demo account

Account types

Instaforex offers a wide choice of trading account types, yet regardless of the jurisdiction, standard and eurica accounts are available.

On standard account costs are fixed spreads of 3 pips on majors offered, while eurica accounts offer zero spreads and inbuilt its costs into fixed commissions which are paid after a deal is closed. Which means, this way, the bid price equals to the ask price on eurica accounts.

What is more, the 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 cents account and swap-free trading it is available too.

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.

Pros	cons
available options between floating and fixed spread only or commission charge	fees for some instrument might be high
islamic accounts	cent 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. But keep in mind that islamic accounts with swap-free features are available at request and are free.

Comparison between instaforex fees and similar brokers

asset/ pair	instaforex fees	FXTM fees	avatrade fees
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%
inactivity fee	yes	yes	yes
deposit fee	no	no	no
fee ranking	low, average	high	average

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.

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.

Pros	cons
fast digital deposits, including bitcoin and credit cards	withdrawal fee may be applicable due to regional laws
small first deposit	methods may vary according to entity
multiple account base currencies
0$ deposit fee
withdrawal requests are processed within one working day on average

Deposit methods

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

Payco,

Bitcoin via skrill,

Sofort,

B2binpay

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 some 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.

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.

Pros	cons
user friendly trading software	none
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

Tick trades

Clients of instaforex can also 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.

Customer support

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.

Pros	cons
24/7 support through numerous multilingual representative offices	none
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.

Pros	cons
comprehensive education center	none
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.

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 tick trades 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.

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.

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.

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.

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.

Instaforex reviews and comments 2021

Instaforex is fraud in bonus because they are not telling people before giving bonus what is the terms of conditions of bonus.

Safdar abbas 19 january, 2021 reply

Hello, we kindly suggest you read the term of the agreement bonus. All users can read it to learn all the conditions and there are no secret rules. And when you have some uncertainties you can always ask the support service if it is needed. The base of bonus systems is lying in learning and meeting our company for newcomers. It is just a pleasant bonus and only one of the many.

Instaforex 21 january, 2021

I say instaforex platform is profitable and professional. Especially I've found a lot of tools as like autochartist, one-click trading, patterngraphix, superior forex desk with an expert advisor. As I can used these tools and make a profitable order, which given me a handsome amount in the market so far. Also, their withdrawal through skrill account is fast too. So I want to thanks instaforex for providing this service.

Galib 11 january, 2021 reply

Hello, thank you for choosing us and your positive feedback. We wish you good luck in this new year!

Instaforex 13 january, 2021

This company is nothing but fraud. They entangled people in fake bonuses and don't give any withdraw. You will waste your labour and money. Support service is good.They reply instantly but when you entangled in their net they reply after two,three hour and some time don't bother.

Rashid iqbal 27 december, 2020 reply

Hello, we are sorry to hear that you had a bad experience. Please tell us what problems have you faced and your trading account number so we could understand what exactly happened. We always try our best to solve all the misunderstandings, do not worry, and let us help.

Instaforex 29 december, 2020

I have an account with instaforex and I have been trying to withdraw the funds I deposited exclusive of the bonus and it has been rejected. They say that I refer the matter to the fraud team but no successful withdrawal. I need help on what to do coz I have decided to report to cysec and FCA. They can stay with the bonus but not my original funds. Anybody with information on how I can be helped you will be of great help.

Bien 21 december, 2020 reply

Hello, we are sorry to hear that you had a bad experience. Please tell us your trading account number so we could understand what exactly happened. We always try our best to solve all the misunderstandings, do not worry, and let us help.

Instaforex 23 december, 2020

After months of thorough research and studying of the market, I finally got myself a forex broker. Instaforex has received a large amount of postive feedback from their clients and they are strongly regulated. So far, my trading experience with them is really incredible. The platforms are all amazing (the mobile platform is my favorite), and their trading fees are low. Really great for beginners.

Alayah 10 december, 2020 reply

Hello, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us and your positive feedback.

Instaforex 11 december, 2020

Hello, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us and your positive feedback.

Instaforex 14 december, 2020

Please can someone help me on how to withdraw from my instaforex bonus account. I was giving $500 and I have made some profit. How do I withdraw?

Martins anietie 25 november, 2020 reply

Hello, thank you for choosing our company for your experience. You can find the information here.

Instaforex 27 november, 2020

Open an account at instaforex is so easy and do not need any deposit. I started their demo account one month later I came to know about their startup bonus offer. I opened a startup bonus and got $500 in my trading account. I checked all trading conditions, platform and order execution, very things is great. Trading with their $500 bonus, I earned $135 profit within one 20 days. According to their bonus rules, I already withdraw $50 using skrill and I got my money within same day. Last month I have opened another account with $100 and got 30% bonus. So I can say that their bonuses are great.

Farid 22 november, 2020 reply

Hello, thank you for the positive feedback and for choosing our company for your experience. We are really glad to work with you!

Instaforex 23 november, 2020

To fund my trading account at instaforex, I use my credit card. The transactions are always completed in a short amount of time. I also appreciate that there are no hidden charges when transacting. Also, the overall trading experience at instaforex is really great. They have functional trading platforms and the fees are low. Their customer support team is also reliable.

Fume 11 november, 2020 reply

Hello, thank you for choosing our company for your experience and for the positive feedback. We are really glad to work with you and we wish you good luck!

Instaforex 13 november, 2020

I registered and open no deposit bonus account made 120% profit but I can't withdraw that profit. I suspect is not true of that no deposit bonus. My account number: 50607959

Charles 23 october, 2020 reply

Hello, you didn't make a deposit within 7 days, so the account was converted to demo. You can make a deposit to convert the account back to real and to receive startup bonus 100% instead of the current profit. In order to withdraw the startup bonus 100% you need to trade enough volume of trades in lots according to clause 11 of the bonus agreement. All conditions for the startup bonus you can find in the startup bonus agreement.

Instaforex 27 october, 2020

Instaforex has been my broker since 2017. I am happy that I finally found a broker that caters to everything that I am looking for. The trading cost at this broker is relatively low, the trading platform is stable (and mind you, they have multiple platforms which all work perfectly), and their customer service is outstanding. So far, my favorite platform is their mobile platform. It is very handy so I get to access my account anytime and anywhere.

Gongsa 16 october, 2020 reply

Hello, we are really glad to work with you as well! Thank you for choosing us and your positive feedback.

Instaforex 19 october, 2020

I am satisfied with instaforex services but some issues are being faced by me. When my order is going on profit and i want to stop it but it does not stop and when i lost this opportunity than i have to switch off net and again restart mrtratrader 4. Which is a fraud and deceive to their clients. Some time money transfer instantly from skrill to instaforex but many time we have to w8 for 24 hours. When our account is going on loss and we try to deposit to save our account but we faced loss due to non credit of amount timely in our account. An other problem that spread between currencies changed daily. Which must be fixed or be waved off. Their spread is much more than other brokers.

Shabbir 29 september, 2020 reply

Hello, thank you for choosing our company and we are sorry that you faced some problems during your experience. If you haven't contacted the support service please tell us your trading account number and we try to solve your issues.

Instaforex 1 october, 2020

I have opened the account of that $1000 bonus of instaforex and i made a profit of more than $300. I can't able to draw that prifit amount i made because of the lie they said about profit. I sent and uploaded all requirements documents they need but i failed. My account is 50607959. Which means, this thing of bonuses its not true.

Charles 28 september, 2020 reply

Hello, we are sorry that you have such a confused opinion about our company. Unfortunately, profit which is made by using a startup bonus cant be withdrawal unless you follow all the rules of the bonus system. We kindly suggest you look through all the conditions and if you still need help you can write to the support service. Also, we looked through your account history with the support service and didn't find anything. The documents that you sent never delivered to us. Did you upload them on the website or the instaverify app?

Instaforex 1 october, 2020

If they gave a 500$ startup bonus. It doesn't mean you can trade and withdraw any profit you made by that amount. You need to deposit and u will get bonus according to that. So first check out their startup bonus aggrement and then make a comment.

Hamza 16 december, 2020

Don't trust your money to instaforex. The MT4 platform has very bad order execution during a volatile time. Countless requotes and failed connection messages. They don't like you to win. I gave also an account with fibo and that one is working perfectly comparing with instaforex. Considering to close all open positions and leave. Instaforex account 3653569

Andrey bakhilin 17 september, 2020 reply

Instaforex is my second forex broker and this is far better than my previous broker. I am happy that I found this broker because they have everything that I am looking for a broker. Their trading cost is not high, their platforms are all working perfectly, orders are executed instantly, and they offer various trading programs to their clients. I have been with them for three years now and I can say that I have no reason to look for another broker anymore.

Melanie 16 september, 2020 reply

Hello, thank you for choosing our company and your positive feedback. We are really glad to have you as a customer and always glad to help if needed!

Instaforex 18 september, 2020

Hello, thank you for choosing us and your positive feedback. We are really glad to have you as a customer and always glad to help if needed!

Instaforex 18 september, 2020

Because my friend told me that instaforex was offering a no-deposit bonus, I decided to grab that chance. There was no risk for me because I will start trading without depositing anything. I received a hundred dollars startup bonus and I used it to see how well I can manage forex trading. Amazingly, I was able to profit although I was at the same time making a few mistakes as well. But the point is that I realized that I can actually invest on this market. So after reaching the designated profit amount, I replenished my account. Now I am trading for two years and I don't regret anything.

Ollena 2 september, 2020 reply

Hello, our company is apologizing for the late reply. We are really happy to have you as a customer and always glad to help if needed! Thank you for chosing us and your positive feedback.