Broker instaforex

Instaforex has won multiple awards and honors, including earning the title of best broker in asia from the world finance awards for consecutive years.

Huge forex bonuses

They have additionally earned the title of best retail-broker from the EUROPEAN CEO magazine and similar honors from CNBC business magazine. Other recent accolades include best ECN broker 2017 (and 2016) from the european CEO, best social trading broker 2016 by the UK forex awards, best ECN broker eastern europe 2016 by the global business outlook, best forex broker in asia 2016 by the IAIR awards, and best ECN broker in asia 2016 from the international finance awards. Instaforex offers a wide range of trading instruments for users to select from. The platform offers 110 trading pairs for forex, 91 cfds for shares, three cfds for metals, 33 total cfds for futures and indices, and five cfds for cryptocurrencies plus binary options. As such, most traders will not need to use multiple platforms to trade the instruments that they favor.

Instaforex

No premium features with metatrader platform

Not heavily regulated

Minimal advanced charting and tools available

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Instaforex was created in 2007 in russia. The platform has over 1,000 new clients registering every day, and more than 7 million traders around the world choose to use this platform. Instaforex is part of instaforex group. The company, instant trading ltd, is licensed by BVI FSC with license number SIBA/L/14/1082 while insta service ltd has registration with FSC saint vincent with registration number IBC22945.

Instaforex has won multiple awards and honors, including earning the title of best broker in asia from the world finance awards for consecutive years. They have additionally earned the title of best retail-broker from the EUROPEAN CEO magazine and similar honors from CNBC business magazine. Other recent accolades include best ECN broker 2017 (and 2016) from the european CEO, best social trading broker 2016 by the UK forex awards, best ECN broker eastern europe 2016 by the global business outlook, best forex broker in asia 2016 by the IAIR awards, and best ECN broker in asia 2016 from the international finance awards.

This platform supports an impressive 27 languages for you to use on its website and trading platform. This allows traders from around the world to easily access the platform with full understanding. The only issue is that you are automatically redirected to a language-specific version of instaforex based on your IP address’s location and cannot change this on the home page despite the presence of language options. You must go to another page on the platform’s website to view the information in your chosen language if it differs from the detected language. The layout and design of instaforex are not as aesthetically pleasing as that of competitors, and you will need to scroll a reasonable amount to get to the bottom of any page due to listings of partners.

Trading conditions

The leverage offered by instaforex is extremely high, up to 1,000:1, making it an industry leader in this respect. Traders should keep in mind, however, that with such high leverage, it becomes easier to experience a high loss with instaforex.

When creating an instaforex account, traders have the choice of several bonuses. There is a 100-percent bonus option for the first deposit. Or you can opt for a 55-percent bonus for every deposit. Other options include an instant 30-percent bonus on the deposit, various instaforex club bonuses, and instaforex coupon bonuses that are rewards from partners for trading activity.

Instaforex offers standard forex, mini forex, or micro forex accounts. There are also cent accounts. Cent.Standard and cent.Eurica accounts, which are ideal for beginner traders seeking to hone their skills with minimal risk. Other than the smaller allowed deals and a lower maximum deal and deposit size, the trading terms are identical to those for insta.Standard and insta.Eurica accounts.

Products

Instaforex offers a wide range of trading instruments for users to select from. The platform offers 110 trading pairs for forex, 91 cfds for shares, three cfds for metals, 33 total cfds for futures and indices, and five cfds for cryptocurrencies plus binary options. As such, most traders will not need to use multiple platforms to trade the instruments that they favor.

Regulation

Compared to other brokers, instaforex has minimal regulation. The broker is licensed by cysec in cyprus with license number 266/15 and by BVI FSC in the british virgin islands with license number SIBA/L/14/1082.

Platforms

In terms of platforms, instaforex uses metatrader 4 along with its proprietary platform for mobile trading and web trading. The instaforex platform is easy to use by traders of all experience levels. Beginners will find plenty of support for metatrader4 while advanced traders will appreciate the wide range of trading options plus the ability to become a top trader for the forexcopy system.

In terms of using the charts and trading software, everything is set up in a similar way to other forex platforms, providing familiarity. The option of a demo account also allows traders to become familiar with the platform before risking their money. Generally speaking, beginners and intermediate traders will likely be more comfortable with instaforex than highly advanced traders, although there are enough tools to keep semi-advanced traders happy.

Automated trading within instaforex comes via forexcopy, which allows traders of all experience levels to copy the orders of the most successful traders. With the system, it is still possible to adjust settings and cancel copied orders. The orders that the copied trader executes for forex, stocks, and cryptocurrencies become signals that your account then automatically copies in return for a small commission. This particular tool helps instaforex appeal to beginners, and the forexcopy traders are numerous with clear statistics. As mentioned, the instaforex website supports 27 languages.

Mobile trading

The mobile trading platform from instaforex is available for both apple and android devices, and it has similar functionality to the web platform, including account access, trading history, time frames, news, analytics, and orders. The website is also mobile-friendly, although it is simpler to trade using a mobile app than a web platform on a tablet or smartphone.

Pricing

There is no zero or ECN account available from instaforex, with the broker making a profit on all account types via spreads. In a move that sets the broker apart from others, instaforex opts for fixed spreads for most trading instruments, with the exception of EUR/CHF and USD/ZAR. Those spreads can go up 5 and 200 pips, respectively, during peak hours but are at 3 and 200 points, respectively, during the day.

Although the spreads are fixed, they are far from competitive with EUR/USD set to 3 pips for insta.Standard accounts, but with a fee of 0. By contrast, insta.Eurica accounts have a spread of 0 pips for the same pair but a fee of 3, making them essentially the same. You can view all spreads on the “specifications” page.

Deposits & withdrawals

The minimum deposit for instaforex depends on the method. It stands at $1 for electronic payments, $50 for credit cards, and $300 for bank transfers. There are a total of 17 deposit methods, with specific availability based on the region in question. The only fees for deposits are those charged by the bank or system, and options include bank card payments, bank wires, moneybookers, skrill, neteller, bitcoin, megatransfer, astropay, china union pay, payco, solidtrustpay, paxum, onlinenaira, B-pay, and local transfers. Some deposit methods are instant while others can take up to 24 hours. In every case, the withdrawal method is the same as the deposit. There is also the option of an instaforex benecard or epayments card or ukash for withdrawals.

Customer support

There are many support resources on instaforex via the support button found at the top of the page. There is an extensive FAQ section along with the option to request a callback, leave feedback, email, or chat online. The FAQ section is available in russian, english, and indonesian, with certain sections also available in additional languages. Call centers are available 24/7 with unique call centers (and clearly listed numbers) in the U.S./canada, U.K., switzerland, malaysia, indonesia, georgia, kazakhstan, bulgaria, and ukraine. Technical support is also available 24 hours a day via email, viber, twitter, ICQ, skype, whatsapp, telegram, or the phone.

Research & education

Beginners will appreciate the “for beginners” section of the website, which provides some basic information, including how to progress from a demo account to a live account then to becoming a professional. There are also convenient sections for training, “getting started,” and video tutorials. Advanced traders will appreciate the section titled “FX analytics,” which includes analytical reviews, a forex calendar, news, information from a chief strategist, forex TV, and patterns.

Noteworthy points

Instaforex focuses heavily on sponsorships of various athletes and sports, a fact that is impossible to miss as you browse its website. Most pages make at least reference to this, with many listing multiple recent sponsorships that you must scroll past to get the information you want.

The language support on instaforex is impressive, but the website is not as easy to navigate as competitors. Overall, the broker has a good reputation and has not had any penalties or investigations in recent years.

Conclusion

Instaforex does not have as much regulation as some of the competing forex brokers, which is a strong point to consider for some traders. Despite this, it does have a very solid reputation among traders and experts along with excellent customer support. The platform’s design and overall use make it the best option for beginners to intermediate traders who will be able to take advantage of its vast resources, including tutorials and copy trading. More experienced traders may want to opt for a platform with more charting and advanced tools available, although they will likely be more than satisfied with the trading instruments offered by instaforex. Experienced traders may want to consider using instaforex if they are interested in enhancing their profits via the forexcopy program where they can earn commissions from those who choose to follow them and access over 400 instruments.

Comparison

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Independent rating of forex broker instaforex

What is more, instaforex has services for social trading such as PAMM and forexcopy systems enabling the clients with different knowledge level to earn money on forex. Within the forexcopy system, followers can copy deals of successful traders while traders can get commissions for providing their deals for copying. In the PAMM system, investors can put their funds in a profitable PAMM project and get high returns while traders can attract investments and trade bigger volumes.

Before going live with any broker, traders should find out what advantages and disadvantages a broker has. Instaforex review in the comment section will help traders choose a company to work with.
If it is the first time you choose a broker, first of all, you should pay attention to the service quality, initial deposit, and leverage. Moreover, you should find information about broker's trade turnover and the number of active live accounts, which can tell you whether the company is worth dealing with. The more clients a company has, the higher the quality and security of its service is. More than 7 million traders from all over the world are registered with instaforex.
"social life" of any company is also very important. It demonstrates how often the company takes part in different international and regional events and what it has achieved while operating on forex. Instaforex regularly takes part in international expos and conferences.
Instaforex review sent by the company's clients can help you make the right choice from the huge list of different companies.
If you are an instaforex client, please leave your comment and review of your cooperation with the company. Thus, you will help other traders find worth-while provider of forex services.
You can find reviews sent by instaforex traders with different work experience below. Using these comments, you can choose the most appropriate forex company.

Instaforex review

Table of contents

Broker information

Broker services

Platform info

Pros	cons
multiple trading platforms	delayed order execution
CFD and binary options	IFXBIT platform failed to load
multi-asset, multi-regulated	high fixed spread
more than 260 representative offices

Traders’ viewpoint

Instaforex is an ECN broker operating out of cyprus. The broker offers traders the choice of CFD and binary options on 300+ products comprising FX, commodities, cryptocurrencies, indices, shares and futures.

The product mix, however, mostly covers FX with over 100 pairs, while the other assets make up the rest of the offering. The USP of the brokerage is the four trading platforms: MT4, MT5 and two proprietary trading terminals – one for binary options and the other for CFD trading.

The broker’s licences pan several countries, though the key regulator is the european-based cyprus securities and exchange commission (cysec).

As long as you are a resident in any of the EEA countries, your deposits are safe, you come under negative balance protection, and your personal information is secure due to the stringent regulatory framework.

When it comes to trade execution, you can place orders online or via live chat. The platforms support all trade execution modes, and according to instaforex, the execution venue is interactive brokers.

The CFD broker’s website is very informative and has all the information you need to know about instaforex. You can also monitor real-time data and live charts directly on the website, courtesy of tradingview. The software supports seven types of charts in nine time frames with 80+ technical indicators and almost an equal number of drawing tools.

Instaforex is right at the top when it comes to trading conditions. However, client trading costs are high due to the massive spread.

Although the broker makes up for this to a certain extent by not charging commissions, the costs are still high. If you are a professional trader, you have a choice between high trading costs, the zero spread account type, the security of deposits and competitive brokerages.

About instaforex

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.

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.

In terms of trading, the instaforex broker offers about 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.

Clients are able to execute trades in futures and binary options. Clients can access the broker’s offerings from the cutting-edge metatrader 4 & 5 platforms, available as web, desktop and mobile applications.

If you are a crypto enthusiast, instaforex offers the IFXBIT platform to trade cryptocurrencies, while binary options enthusiasts can access the exclusive instatick trader.

You can sign up for an instaforex account with a minimum initial deposit of $1. The trading conditions include all types of order execution modes, zero to high spreads, high leverage, maximum trade size, position lock margins, margin calls and stop out levels.

When it comes to market analysis, the broker provides several resources, which we have highlighted in this instaforex review under the education section.

Instaforex has won several awards for client services. These include best broker in asia, western europe and CIS countries, with the most recent accolade being the most active broker in asia 2020 by atoz markets.

The firm supports prominent athletes and sports teams from around the world, and offers bonuses, contests, prizes and raffles running into the millions of dollars every year. With 24/7 support, multiple deposit/withdrawal methods, and a global client base of more than seven million, instaforex is a prime broker in the CFD space.

Who does instaforex appeal to?

Instaforex appeals to all classes of traders – beginners, experienced and professionals. That’s because the ECN broker has something on offer for everyone.

The multiple trading platforms support manual, automated and copy trading features across CFD and binary options. Also, the broker’s trading conditions are top class, with multiple order execution modes, hundreds of analytical tools, and several educational and training resources.

Clients can also register for bonuses, actively participate in the contests and promotions, and win prizes worth millions of dollars every year.

Money managers, on the other hand, have a broad choice of affiliate programmes, can choose between PAMM and MAM accounts, and can participate in the promo offerings of the CFD broker.

Account types

Instaforex offers traders the choice of four account types: cent eurica, cent standard, insta eurica and insta standard. Traders can also opt for the instant account or the swap-free sharia account. In this instaforex review, we will look at the features, similarities and differences between the account types.

Standard features of the trading accounts include being able to deposit funds in either USD or EUR, a $1 minimum deposit, and a maximum trade size of 100 lots. When it comes to trading conditions, clients can place instant orders with maximum leverage of 1000:1. The margin calls are at 30% and the stop out levels are at 10%. Active clients can earn interest of 5% per annum on deposits and inactive clients can earn interest of 2% per annum.

There are a few differences in the account types. The insta accounts do not have a maximum limit on deposits, while the deposit cap on the cent accounts is at $1,000.

The eurica accounts have zero fixed spread, while the commission on the other two accounts is at 0.03%-0.07% of the volume. There is no commission on the standard accounts, while the spread can range from 3 to 7 pips.

The following illustration highlights all the features of the four account types:

Markets and territories

Instaforex has over seven million clients from more than 260 countries. The CFD broker provides 24/7 client support in more than 30 languages, and the website is also accessible in 22 tongues. Instaforex is an active participant in various international expos and financial conferences and has taken part in more than 50 such events so far.

To ensure speedy, uninterrupted trading and distribution of client orders, instaforex has nine servers spread across various countries. It maintains its servers in intermediary data centres. When it comes to coverage, instaforex’s presence can be felt in almost all the regions except the US and a couple of other countries.

Instaforex instruments and spreads

Instaforex offers more than 300 tradable instruments across asset classes and market segments. In this instaforex broker review, we have emphasised all the product offerings and their features.

The product mix includes CFD trading in FX, precious metals, energy, cryptocurrencies, stocks and indices.

Besides providing access to the spot markets, instaforex gives traders the choice of trading futures and binary options.

Futures contracts are available in precious metals, crude oil, natural gas and agro commodities. The binary options offering includes intra-day and expiry contracts in FX, precious metals and share cfds.

The following table highlights all the tradable instruments at instaforex:

Tradable instruments	description	number of products
forex	110
precious metals	gold – 100,500 ounces, silver	03
energy	07
cryptocurrencies	05
shares	89
indices	07
commodities futures	26
binary options	21 FX pairs, 49 cryptos, gold, silver	72

The fixed spreads offered by instaforex are a component of the account type. The broker charges a spread of 3 to 7 pips on the insta standard and the cent standard accounts.

In comparison, individuals registering for the other two account types – insta eurica and cent eurica – do not have a bid-ask difference. Scalpers and algo traders may find the spreads a little high for their liking, despite the broker not charging a commission. One way to avoid the high spread is to choose either the zero spread insta or the cent eurika accounts.

Instaforex fees and commissions

This instaforex CFD review covers all information related to the fees and commissions charged by the broker. The CFD broker charges the following fees:

Swap fee – for holding overnight positions in any of the financial instruments. These differ across products.

Copy-trading fee – these fees are for traders following and copying the strategies of professionals. It includes a commission of 0.01 per lot on profitable trades and 0.5 pip per lot on all copy trades.

The commission is a component of the account type. The broker charges a commission of 0.03%-0.07% on the insta eurica and cent eurica accounts, while the other two account types carry zero commission.

Instaforex platform review

The instaforex broker offers clients the choice of four trading platforms: metatrader 4 & 5, and the broker’s proprietary IFXBIT and the instatick platforms. While metatrader and IFXBIT are for CFD trading, instatick is only for traders betting on binary options.

In this instaforex review, we analysed the demo applications of the client trading MT4 and instatick terminals, and have detailed the key features of the platforms and the purpose they serve.

The instaforex metatrader 4 platform is a user-friendly interface available in 39 languages and is accessible on all computers and mobile devices.

The trading terminals include the web, desktop, mobile applications. MT4 supports all browsers – windows, linux, macos, and the handheld android and iphone devices. All the platforms come with reliable data protection and free access to the MQL5 community.

Here are some of the other key features of the instaforex MT4 platforms:

Access real-time streaming data with product-wise spread.

Three chart types in nine time frames.

The technical analysis tools include 30 indicators and 24 graphical objects.

All the platforms support multiple order types, including one-click trading.

View open positions, account history and trading exposure.

The desktop terminal also features market depth, automated trading, quick access to download trading signals, and the option to carry out copy trading.

The other features of the downloadable app include placing trading alerts.

Monitor live news from fxwirepro and other sources.

Illustration of the instaforex MT4 desktop terminal:

Instatick is the instaforex binary options trading platform. It has won over 40 international awards. You can sign up and deposit funds in three currencies: USD, EUR and RUB.

The platform comes with a clean user interface, is accessible in 10 languages, and supports cfds in FX, precious metals and shares. You can execute both intra-day or carry positions until expiry with a minimum deposit of $1.

Here are some of the primary features of the platform:

Access to 21 FX pairs, two precious metals, and 49 share cfds.

Supports all browsers and is available only as a web-based terminal.

Comes with six-digit quotes and is customised for tick trades.

Start trading intra-day binary options in five-minute to three-hour time frames.

Access to live chat support or callback request.

Mobile trading

The instaforex MT4 mobile trading application is accessible on android smartphones, iphones and ipads and has most of the features of the computer-based terminals.

The best part of the instaforex broker’s MT4 offering is that all the platforms, even on the demo account, are in sync. It doesn’t matter if you are trading on your PC or mobile, you can still monitor positions, view pending orders, trade history and account balance. You can download the app from google play or the apple app store.

As part of our extensive evaluation, we reviewed the instaforex MT4 mobile app from a demo account, and have highlighted the key features, along with screenshots and a short video of the app.

The key features of the instatrader mobile app include:

Multiple order execution options.

Three types of charts in nine time frames with 30 technical indicators and 24 analytical objects.

Real-time streaming data.

Live monitoring of positions, trading history and account balance on the go.

Alerts and push notifications.

Access to live news from fxwirepro and other sources.

Live chat to communicate with other traders from the metatrader community.

Instaforex does not provide traders with the opportunity to carry out social trading. However, clients can copy the trades of professionals and successful traders from the broker’s trading community.

The instaforex broker allows copy trading in FX binary options, and the feature is accessible on metatrader 4. Forex copy trading on the instaforex platform is beneficial to both copy traders and followers. Copy traders registering with the broker profit either in the form of daily commissions, profit share, commissions per trade, or commissions based on the volume of copied trades irrespective of profits/losses.

Followers, on the other hand, can benefit from copying the strategies of profitable traders. To ensure adequate risk management, beginners can follow several traders or strategies, adjust the copying ratio, or set copy trading parameters based on volumes.

There are several subscription options for followers, which include daily charges, commission per deal, or on only profitable trades.

Crypto

Instaforex cryptocurrencies trading is accessible from metatrader 4 and instatrader’s proprietary IFXBIT platform. However, the CFD broker offers a limited choice of only five digital currencies, comprising bitcoin, bitcoin cash, ethereum, litecoin and ripple.

Instaforex charges a commission of 0.1% on crypto trading. The spread varies from 50 to 12,000, and virtual currencies such as litecoin and ripple have a minimum lot size of 100 and 10,000 respectively.

Charting and tools

Metaquotes and tradingview are associated with the instaforex broker as its technology partner. While the former provides cutting-edge trading platforms with lots of analytical tools and automated and copy trading features, the latter is the official provider of real-time quotes for instaforex.

Tradingview is an active social network for traders and investors in the financial markets. In this instaforex CFD broker review, we have distinguished the analytical tools based on the trading platform:

Three chart types in nine time frames

Analyse charts using the 60 technical indicators and 46 graphical objects

Market depth

Financial market news

Automated trading

Option to download indicators, trading signals and expert advisors

Access to the metaquotes programming language

Three chart types in 21 time frames

Analyse charts using the 30 technical indicators and 24 graphical objects

Open up to 100 charts at a time

Supports advanced market depth comprising tick chart and time & sales

Access all the order types, including one-click trading

Financial market news

Automated trading

Option to download indicators, trading signals and expert advisors

Access to the metaquotes programming language

User-friendly platform, accessible as a browser-based, tablet and smartphone application

Supports CFD trading in cryptocurrencies, FX, shares, indices and futures

Customisable interface

A tick chart dashboard

Charts accessible in nine time frames

30+ technical analysis tools

Live market news

Education

Unlike most of the other CFD brokers, instaforex does not have a separate education section on its website. However, you can find lots of educational, training and analytical resources for traders/investors under the ‘for beginners’ and the ‘for traders’ sections.

Beginners can also get all the information they need while choosing a product or service. However, if you are looking for something more specific or advanced, you will be able to find them in the analytics section.

Illustrated below are the various educational and analytical resources offered by instaforex:

Trader protection by territory

As mentioned earlier, instaforex is a multi-regulated CFD broker headquartered in mesa geitonia, cyprus. Our in-depth instaforex broker review covers all the regulators monitoring the european broker and the scope of client protection:

In europe, instant trading EU ltd comes under the directives of cysec.

The other licences/registrations of the instaforex subsidiaries are:

Instant trading ltd (BVI) is a licensed BVI FSC firm, under licence number SIBA/L/14/1082.

Instavector ltd (russia) is licensed by the russian central bank, under licence number 039-11737-100000.

Insta service ltd and insta global ltd. Have registrations in FSC saint vincent. The registration numbers are IBC22945 and IBC24321, respectively.

The cyprus investment firm (CIF) comes under the mifid directives, which allows it to offer its services to the other countries within the EEA and outside the EU. The cysec regulations also bring the instaforex broker under the membership of the investor compensation fund (ICF).

Retail investors in europe receive protection and compensation of up to €20,000 if the broker fails to settle claims or goes into administration. European residents signing up with the broker are also eligible for negative balance protection, stringent client privacy, and data security framework of the regulator.

How to open an account

If you are an international client and wish to register with instaforex, you have the choice of four account types: insta standard, insta eurica, cent standard and cent eurica. The account opening process is quick and straightforward.

However, before you start the process, you are required to fill out some basic information and submit. Once you have done this, use the login credentials and go to the client area, where you can complete the rest of the account opening procedure. Submit your ID and proof of residence documents, download the trading platform of your choice, deposit funds, and start trading.

Customer support

The instaforex broker provides several client support options to get in touch with the helpdesk. These include live chat, callback request, email and the support area where you can find answers to frequently asked questions.

We found it intriguing that instaforex has not provided telephone numbers for individuals or clients to get in touch, except for those registering in europe.

Besides these support channels, you can also reach out to the broker via several other approaches such as viber, whatsapp, skype and facebook messenger.

Illustrated below is the contact information to get in touch with instaforex:

As part of this instaforex broker review, we also got in touch with the live chat team several times to gauge the response time and the quality of support offered. Based on our interactions, we found the response time to be

Broker instaforex

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Instaforex

Details

broker	instaforex
website URL	www.Instaforex.Com
founded	2007
headquarters	kaliningrad, russia
languages	up to 32 languages
trading platform	metatrader4, metatrader5, webtrader, IFX option trade
minimum 1st deposit	$1
minimum account size	$1
minimum trade amount	0.01
bonus	30% forex deposit bonus
payout	80 %
leverage	up to 1:1000
spread	fixed spread from 3 pips
free demo account
regulated
regulation	CBR, cysec and FFMS
deposit methods	bank wire transfer , credit/debit cards , skrill , neteller , bitcoin , megatransfer , paxum transfer , payco , boleto , bpay.Md , epay.Bg , cartasi , epayments , dankort , electronic payment standard , nordea SOLO , poli , postepay , przelewy24 , ideal , SOFORT , trustly , QIWI , and a number of local transfers.
Withdrawal methods	bank wire transfer , credit/debit cards , skrill , neteller , bitcoin , megatransfer , paxum transfer , payco , boleto , bpay.Md , epay.Bg , cartasi , epayments , dankort , electronic payment standard , nordea SOLO , poli , postepay , przelewy24 , ideal , SOFORT , trustly , QIWI , and a number of local transfers.
US traders allowed
mobile trading
tablet trading
overall score	9.35

Why must trade in instaforex broker ?

Online since 2007

Headquarters: kaliningrad, russia

Fixed spread from 3 pips

Leverage up to 1:1000

5 digit (5 decimal pricing)

Metatrader 4 & 5 platform

Regulation: CBR, cysec, FFMS in russia (license #077-11737-100000, #077-11739-010000, #077-11741-001000)

Scalping, hedging, EA robot, news trading allowed

Payment options : bank wire transfer, credit/debit cards, skrill, neteller, bitcoin, megatransfer, paxum transfer, payco, boleto, bpay.Md, epay.Bg, cartasi, epayments, dankort, electronic payment standard, nordea SOLO, poli, postepay, przelewy24, ideal, SOFORT, trustly, QIWI, and a number of local transfers.

Review of instaforex

Instaforex is international broker that offers forex trading to traders since 2007. It is one of the earliest brokerage firms in the world and offers a total of 88 cfds and 107 currencies. They also have over 7 million traders and over 260 offices worldwide. Here is a comprehensive review of the website.

Fees and commission

Instaforex offers two main types of accounts: insta.Eureka (dealing desk) and insta.Standard (non-dealing desk). Both accounts have a minimum deposit of $1. Insta.Standard is a commission free account while insta.Eureka is a commission-based account. With insta.Standard, you get average spreads of between 3-7 pips depending on the pair. On the other hand, insta-eureka charges a commission based on trades and vary between 0.03% and 0.07%. In insta.Standard account, instaforex lists spreads of three pips on the USD/EUR while in insta.Eureka account, they have no spread listed. Instead, you get a commission based on the all-in cost of three pips. In general, both types of account are nearly similar in prices.

Research and education tools

Instaforex offers a wide variety of research and education tools from videos to programs that enable traders to test their trading strategies based on the analysis of the major platforms: the MT4 and MT5. They offer an average of four to six forex news daily via these tools including interviews, weekly reviews, and several other educational videos. Instaforex also has a forex trading simulator that enables you to watch a replay of their trading and receive trading information instantly.

Deposits and withdrawals

Instaforex has numerous convenient ways of depositing and withdrawing money including credit cards, instaforex debit card, bank wire, neteller, moneybookers, and several other payment options. The payment system for deposits has to be the same for withdrawals. Some of the options of charge transactions fees but most others like bitcoins are deposited without any fee. If you decide to use credit cards in your trading account, you can only withdraw less than $300 via skrill/moneybookers and over $300 via bank transfer.

Trading platforms and tools

Instaforex is only available via MT4 and MT5. The MT4 platform enables users to monitor online forex, cfds several other trading features via the web browser or a smartphone. The MT4 also is equipped with MQL4 development that brings a possibility to use and create automated trading systems. The automated trading systems make it possible to enjoy a variety of trading signals and indicators.

Instaforex bonuses

Instaforex claims to offer great opportunities to start trading with incredible start-up bonuses of up to 1000 USD. Start-up bonuses are offered to all new clients and those clients that have are no deposits in the first six months. Furthermore, they claim to offer a 55% bonus on every deposit made on instaforex. However, there have been numerous complaints from traders that they didn’t receive the bonus. Clients have also cited difficulties in withdrawals while some have complained that their accounts have been cancelled after a few trades.

Customer support

Instaforex has a variety of customer support services like email phone, skype, and live support service. Their support services are available 27/7 from 7:00 to 16:00 UTC. They have different phone numbers for different departments that make it possible to serve as many clients as possible.

Regulation of a forex broker matters a lot regarding its trust. As of 2018, the company was only regulated by cysec in cyprus and FSC in british virgin islands.

Instaforex review

Table of contents

Broker information

Broker services

Platform info

Pros	cons
multiple trading platforms	delayed order execution
CFD and binary options	IFXBIT platform failed to load
multi-asset, multi-regulated	high fixed spread
more than 260 representative offices

Traders’ viewpoint

The broker’s licences pan several countries, though the key regulator is the european-based cyprus securities and exchange commission (cysec).

Instaforex is right at the top when it comes to trading conditions. However, client trading costs are high due to the massive spread.

About instaforex

In terms of trading, the instaforex broker offers about 300 CFD instruments across forex, shares, indices, metals, oil & gas, and cryptocurrencies.

If you are a crypto enthusiast, instaforex offers the IFXBIT platform to trade cryptocurrencies, while binary options enthusiasts can access the exclusive instatick trader.

When it comes to market analysis, the broker provides several resources, which we have highlighted in this instaforex review under the education section.

Who does instaforex appeal to?

Instaforex appeals to all classes of traders – beginners, experienced and professionals. That’s because the ECN broker has something on offer for everyone.

Clients can also register for bonuses, actively participate in the contests and promotions, and win prizes worth millions of dollars every year.

Money managers, on the other hand, have a broad choice of affiliate programmes, can choose between PAMM and MAM accounts, and can participate in the promo offerings of the CFD broker.

Account types

There are a few differences in the account types. The insta accounts do not have a maximum limit on deposits, while the deposit cap on the cent accounts is at $1,000.

The following illustration highlights all the features of the four account types:

Markets and territories

Instaforex instruments and spreads

Instaforex offers more than 300 tradable instruments across asset classes and market segments. In this instaforex broker review, we have emphasised all the product offerings and their features.

The product mix includes CFD trading in FX, precious metals, energy, cryptocurrencies, stocks and indices.

Besides providing access to the spot markets, instaforex gives traders the choice of trading futures and binary options.

The following table highlights all the tradable instruments at instaforex:

Tradable instruments	description	number of products
forex	110
precious metals	gold – 100,500 ounces, silver	03
energy	07
cryptocurrencies	05
shares	89
indices	07
commodities futures	26
binary options	21 FX pairs, 49 cryptos, gold, silver	72

The fixed spreads offered by instaforex are a component of the account type. The broker charges a spread of 3 to 7 pips on the insta standard and the cent standard accounts.

Instaforex fees and commissions

This instaforex CFD review covers all information related to the fees and commissions charged by the broker. The CFD broker charges the following fees:

Swap fee – for holding overnight positions in any of the financial instruments. These differ across products.

Copy-trading fee – these fees are for traders following and copying the strategies of professionals. It includes a commission of 0.01 per lot on profitable trades and 0.5 pip per lot on all copy trades.

Instaforex platform review

In this instaforex review, we analysed the demo applications of the client trading MT4 and instatick terminals, and have detailed the key features of the platforms and the purpose they serve.

The instaforex metatrader 4 platform is a user-friendly interface available in 39 languages and is accessible on all computers and mobile devices.

Here are some of the other key features of the instaforex MT4 platforms:

Access real-time streaming data with product-wise spread.

Three chart types in nine time frames.

The technical analysis tools include 30 indicators and 24 graphical objects.

All the platforms support multiple order types, including one-click trading.

View open positions, account history and trading exposure.

The desktop terminal also features market depth, automated trading, quick access to download trading signals, and the option to carry out copy trading.

The other features of the downloadable app include placing trading alerts.

Monitor live news from fxwirepro and other sources.

Illustration of the instaforex MT4 desktop terminal:

Instatick is the instaforex binary options trading platform. It has won over 40 international awards. You can sign up and deposit funds in three currencies: USD, EUR and RUB.

Here are some of the primary features of the platform:

Access to 21 FX pairs, two precious metals, and 49 share cfds.

Supports all browsers and is available only as a web-based terminal.

Comes with six-digit quotes and is customised for tick trades.

Start trading intra-day binary options in five-minute to three-hour time frames.

Access to live chat support or callback request.

Mobile trading

The instaforex MT4 mobile trading application is accessible on android smartphones, iphones and ipads and has most of the features of the computer-based terminals.

As part of our extensive evaluation, we reviewed the instaforex MT4 mobile app from a demo account, and have highlighted the key features, along with screenshots and a short video of the app.

The key features of the instatrader mobile app include:

Multiple order execution options.

Three types of charts in nine time frames with 30 technical indicators and 24 analytical objects.

Real-time streaming data.

Live monitoring of positions, trading history and account balance on the go.

Alerts and push notifications.

Access to live news from fxwirepro and other sources.

Live chat to communicate with other traders from the metatrader community.

There are several subscription options for followers, which include daily charges, commission per deal, or on only profitable trades.

Crypto

Charting and tools

Three chart types in nine time frames

Analyse charts using the 60 technical indicators and 46 graphical objects

Market depth

Financial market news

Automated trading

Option to download indicators, trading signals and expert advisors

Access to the metaquotes programming language

Three chart types in 21 time frames

Analyse charts using the 30 technical indicators and 24 graphical objects

Open up to 100 charts at a time

Supports advanced market depth comprising tick chart and time & sales

Access all the order types, including one-click trading

Financial market news

Automated trading

Option to download indicators, trading signals and expert advisors

Access to the metaquotes programming language

User-friendly platform, accessible as a browser-based, tablet and smartphone application

Supports CFD trading in cryptocurrencies, FX, shares, indices and futures

Customisable interface

A tick chart dashboard

Charts accessible in nine time frames

30+ technical analysis tools

Live market news

Education

Illustrated below are the various educational and analytical resources offered by instaforex:

Trader protection by territory

In europe, instant trading EU ltd comes under the directives of cysec.

The other licences/registrations of the instaforex subsidiaries are:

Instant trading ltd (BVI) is a licensed BVI FSC firm, under licence number SIBA/L/14/1082.

Instavector ltd (russia) is licensed by the russian central bank, under licence number 039-11737-100000.

Insta service ltd and insta global ltd. Have registrations in FSC saint vincent. The registration numbers are IBC22945 and IBC24321, respectively.

How to open an account

Customer support

We found it intriguing that instaforex has not provided telephone numbers for individuals or clients to get in touch, except for those registering in europe.

Besides these support channels, you can also reach out to the broker via several other approaches such as viber, whatsapp, skype and facebook messenger.

Illustrated below is the contact information to get in touch with instaforex:

Instaforex broker review – all the facts 2021

Instaforex broker review – all the facts 2021

Overview

Launching its forex trading business since 2007, instaforex broker now has over 7 million clients trading on its platform. Instaforex attributes this milestone to its commitment to innovation in technology and catering to a variety of clients, providing unique trading privileges across board.

Pushing the limits in trading platform modernization has annually enhanced its reputation having earned over 30 financial awards, making it a “go-to” choice for forex traders and investors.

With more than 30 financial analysts on its team, you can instantly find out about trends in the currency market round the clock. These analysts give firsthand information about investing, this is what they do for their numerous clients, helping them make better decisions and trade better.

Instaforex stands for – instant forex trading, head quarter – russia.

Regulation

Instaforex brand is a registered trademark of instaforex group and it is regulated by:

Instant trading ltd (BVI) is licensed by BVI FSC, license number SIBA/L/14/1082

Insta service ltd is registered with FSC saint vincent, reg. Number IBC22945

Insta global ltd. Registered in saint vincent, IBC24321

Tradable assets

Instaforex offers over 300+ trading instruments including cryptocurrencies, commodities, indices, oil and currencies.

Instaforex

Currencies – 110

Cryptocurrencies – 5

Stocks – 89

Indices – 7

Metals – 3

Oil & gas – 7

Commodities – 26

These are a few important points to note when trading on instaforex:

1. The margin volume for US cents accounts is less in 100 times.

2. Commission is set in pips (points).

3. A higher margin can be seen on some exotic currency pairs.

4. Trades are re-opened automatically every month at the first price of the next futures contract when the previous one is expired.

5. When the daylight saving time change occurs, the schedule of trading sessions is shifted one hour forward.

6. The trading session on USD/RUR and EUR/RUR starts at 10:05 am and lasts till 6:55 pm.

7. During the period of low liquidity (from 22:30 to 02:00 terminal time), the spread on some forex majors can be increased up to 10 pips.

8. Amid low volatility from 22:00 to 07:00 terminal time, spread for USD/ZAR may be raised up to 200 pips.

9. Trading session for gold and XAUUSD lasts from 01:00 to 24:00.

10. Trading session for cfds on shares lasts from 16:30 to 23:00.

11. Trading session for USD/INR lasts from 06:35 to 14:30.

12. For some currency pairs in particular EUR/CZK, and EUR/SEK a spread could be increased twofold amid low volatility at night (from 22:00 to 02:00 instatrader terminal time).

13. For GBP/CHF, a spread could be increased to 13 pips in a period of low liquidity at night trade (from 22:30 to 00:00 of trading platform time).

14. For #USDX, a spread could be increased by 2 pips in a period of low liquidity at night trade (from 22:30 to 00:00 of trading platform time).

15. Leverage for trading cfds #bitcoin, #ethereum, #litecoin, #ripple: from 1:1 to 1:10 (can be changed in the specified range depending on market conditions).

Minimum deposit

Instaforex has one of the most flexible account opening packages. You literally can start trading with nothing.

With a minimum of $1, you can deposit funds via the electronic payment systems, via credit card and via cryptocurrency wallets and $300 via bank wire.

You can earn between 30% – 100% whenever you credit your account.

Trading accounts

Demo account

By choosing insaforex iconic metatrader 4 platform, all features of a live account such as signals, indicators, automated systems (advisers) as well as VPS hosting that guarantees a stable trading experience are available to test drive.

Demo account cabinet is accessible for all clients using its forex demo account.

Live account

On its live account, all investors have access to (110 currency pairs), commodities (gold and silver), cfds (26 contracts). As well as US equity derivatives (89 contracts), indices (7) and cryptocurrencies (7).

The default parameters of live trading accounts are:

To start trading live, take the following steps:

PAMM forex account (copy trading)

The PAMM forex account grants you the privilege to invest in forex projects.

The PAMM forex account includes two categories of users:

Investing here means you can accept forex investments from others as a professional trader and share from your investors’ profit.

On the flipside, you can invest money in PAMM forex account and become a shareholder of this account, this means that the trader you are registered under trades on your behalf.

To have access to the PAMM, you must first open a live account. If you already have a live account, you can then register for the PAMM forex account.

Registering as a trader, gives you an opportunity to attract forex investments to your account. This not only gives you a chunk of income after profitable trades but also increases your rank and professional status amongst other traders.

Registering as an investor gives you an opportunity to take a percentage of profit made by your selected forex trader. With a single dollar to tens of thousands of dollars, you can invest in this type of account.

This not only bring enormous benefits, but it gives passive investors an opportunity to trade without actually trading. The PAMM monitor gives an investor access to choose from a pool of traders.

Languages

With more than 260 representative offices worldwide, instaforex communicates effectively in over 30 languages including, english, french, spanish, german, arabic, portuguese, zulu, vietnamese, thai, malay, indonesian, chinese and more.

Currency pairs

Currencies are divided into two main sorts – major currencies and minor ones. The major currencies are derived from the most powerful economies around the globe – the US, japan, the UK, the euro zone, canada, australia, switzerland and new zealand. Together with the other currencies they create forex pairs.

Max leverage & spread

Leverage is 1:1000 from $1 to any amount you wish to trade with.

Leverage for trading cfds #bitcoin, #ethereum, #litecoin, #ripple: from 1:1 to 1:10 (can be changed in the specified range depending on market conditions).

Deposit & withdrawals

Depositing money

Funding your account with instaforex is pretty straightforward with over 8 channels:

Deposit via bank card

System fee. Deposit is processed within 24 hours.

Bank fee. During transfer an additional correspondent bank commission could be charged. Deposit is processed within 2-4 business days.

Southeast asia bank transfers

No fees. Deposit is processed within 1-7 working hours.

Skrill payment via wallet

No fees. Deposit is processed within 24 hours.

Deposit via NETELLER

Deposit via payco

Deposit via bitcoin

No fees. Deposit is processed within 3 hours.

Deposit via litecoin

No fees. Deposit is processed within 3 hours.

Deposit in tether via b2binpay

No fees. Deposit is processed within 3 hours.

Local transfers

Bank fees vary. Deposit is processed within 1-2 days

Withdrawing money

By regulation, the standard withdrawal process from your trading account is to withdraw through the same means you funded your account. Debit, credit card or wire transfer etc.

Money transfer to bank card

System fee. Withdrawal is processed within 1–6 business days.

Fee: 2%. Processing: 2-4 business days.

Withdrawal via litecoin

Fee: 0.5%. Withdrawal is processed within 1-7 working hours.

Withdrawal via bitcoin

Fee: 0.5%. Withdrawal is processed within 1-7 working hours.

Payco transfer

System fee. Withdrawal is processed within 48 hours.

Skrill transfer

Transaction fee: 1.39%. Withdrawal is processed within 1-7 working hours.

Transfer between accounts

No fees. Transfer is processed within 1-7 working hours. Accounts must have the same holder. E-mails and addresses of the accounts must match.

Southeast asia bank transfers

Fees: 2% + 0.3 EUR (minimum 1 EUR). Withdrawal is processed within 1-7 working hours.

NETELLER transfer

Transaction fee – 2%. If the withdrawal amount less than 50 USD an additional commission 1 USD will be charged. Withdrawal is processed within 1-7 working hours.

China unionpay

System fee – 1.5%-1.8%. Withdrawal request is processed within 1-7 working hours. System’s processing time – 1-2 business days.

Withdrawal via b2binpay (USDT)

Fees: 1%. Withdrawal is processed within 1-7 working hours

Local transfer

Bank fees vary. Withdrawal is processed within 1-2 days.

Trading platform

All instaforex clients are free to choose a trading platform which offers a variety of exclusive features and capabilities.

Metatrader 4

Metatrader 5

Multiterminal

Webtrader

Instatick trader

Metatrader 4

Features of metatrader 4

9-time frames

Variety of tools for technical analysis

Online financial market news

Automated trading

Locked positions

Wide choice of free indicators and advisors

Creating your own indicators and advisors (MQL4)

High security 128 bit encoding

One click trading

Trailing stop

Metatrader 5

Features metatrader 5

21-time frames (MT4 only has 9)

Depth of market (level II pricing) and contract specifications

MQL5 – the new generation programming language for designing expert advisors and indicators

Automated quotes archive

Advanced set of technical tools

Fill policy – a new field in the order window

Expiry dates for pending orders

Ready-made trading advisors, indicators and scripts available from the in-built online store

Compare metatrader 4 and metatrader 5 platforms

Multiterminal

Features of instaforex multiterminal

Multiterminal allows working with several instaforex trading accounts at once. Multiterminal is an ideal tool for traders who manage accounts of their clients. (account management).

The trading platform software installed on a PC runs under MS windows operating system.

Webtrader

Features of instaforex webtrader

Three interface layouts (classic, dashboard, charts)

Convenient and uncluttered charts with analytical tools

Tick charts and stream of orders

All trading instruments available

Latest news and analytics

For all types of accounts

Synchronization with the company’s other trading platforms

Instatick trader

Features of instatick trader platform

Platform customized for making tick trades

6-digit quotes

Instatick trader can be accessed from a web browser without logging in the client area and installing an MT4 plug-in

Simple and user-friendly interface

For all types of accounts

Technical analysis

Instaforex advocates for quality trader education and development. It has provided over 6 categories of effective trading tools for technical analysis. This includes FX analytics, charts, trading conditions, FX news, fx informer and more.

Personal account manager

Instaforex has a responsive support system. You can contact support via email, chat or phone call, its forex community is also vibrant where you can practically get answers to your questions

Personal account managers are assigned to partners such as affiliates. This is so because partners to instaforex needs all the support they can get especially when starting out.

Advantages of personal manager program:

The manager is up to date with the partner’s current situation and is always ready to offer assistance.

The manager advises the partner on working with other departments and facilitates connection with them.

The manager provides recommendations for attracting new customers and assists in further business development.

Training and education

Courses offered by instaforex are developed by experienced instaforex specialists and retail investors.

The materials are offered in clear language that is easy to understand. The authors prepared the course with care so that you will find it easy to absorb complex trading terms, the theory is reinforced with practical cases and charts.

Content of forex learning course for beginners

Lecture 2: operations with metatrader platform on basis of metatrader 4

Lecture 3: types of trends, types of charts and formation rules. Bull and bear speculations

Lecture 4: types of exchange arrangements, rate of exchange

Lecture 5: margin trading on forex market

Lecture 6: technique of the deal’s execution

Lecture 7: introduction to the technical analysis, dow theory

Lecture 8: trend analysis

Lecture 9: graphical patterns analysis

Lecture 10: candlestick analysis

Lecture 11: wave analysis. Elliott wave principle

Lecture 12: mathematical analysis

Lecture 13: the fundamental analysis of foreign exchange market

Lecture 14: trading systems

Lecture 15: risk management

Lecture 16: trading psychology

How to get the learning course?
All you need to do is:

Forex trading signals

To have access to signals, select a subscription for one trading day or select a trade to copy. Having a live account gives you access this service.

As stated earlier, registering as an investor with the PAMM forex account opportunity to trade like a pro. Let the experts do the job while you monitor your account activities. With a single dollar to tens of thousands of dollars, you can start copy trading.

With a deposit to your live account, you can register as an investor and watch your strategy manager trade on your behalf.

Pros & cons

Live account starts at $1.

Local and international regulations.

Trading platforms, MT4, MT5, multiterminal, webtrader, instatick trader.

Innovative technology and cutting-edge trading features.

Wide leverage position up to 1:1000.

Commission from $0.

Bonuses of 30% – 100% credit on a deposit.

Clarity on all trading account features.

Excellent copy trading features – PAMM forex account.

300+ assets, currencies, cfds, cryptocurrencies, metals.

Broad video tutorials, charts, trading advice, trading tools and interactive content.

Responsive customer support 24/5.

So, let's see, what we have: forexbroker is your one stop portal for comparing the best forex brokers, stock brokers and trading platforms in the world! At broker instaforex