With a Head Office in Kaliningrad, Russia, InstaForex was established in 2007 and has grown to service over 7,000,000 traders, with more than 1,000 client accounts opening each day. InstaForex has built a brand based on a strong client focus philosophy. This value can seen throughout the services, resources and tools offered at InstaForex such as trader education, access to trade copying and PAMM systems, and forums for traders to communicate. Throughout the experience with InstaForex, there appears to be something for all traders.
InstaForex also boasts an international presence, with 260 regional representative offices throughout the world. This allows and localised support throughout Russia, South East and East Asia, South America and Africa.
The cryptocurrency offering at InstaForex includes Bitcoin, Ethereum, Ripple and Litcoin. The maximum leverage is relatively large when compared to other CFD brokers.
A differentiating feature of InstaForex’s cryptocurrency offering is the availability of a proprietary Bitcoin app that pushes news updates and allows access to price and charting information.
|Bitcoin, Ethereum, Ripple and Litcoin||Specifications|
|Stop Level||0 (No minimum Order Distance)|
|Minimum Lot Size||0.10 Lot (MT4 Volume 1.0 )|
|Maximum Lot Size||Not specified|
|Minimum Step||0.10 Lot (MT4 Volume 0.10)|
|Stop Out Limit||10%|
Most reputable brokers will hold multiple licences in various jurisdictions around the world. Licensing is an important consideration when choosing a broker. We view licensing as a key indication of the compliance landscape of a broker – upholding the compliance requirements of the regions licenses are held.
InstaForex holds who financial licences: a CySec licence, enabling InstaForex passporting access throughout Europe; and, a BVI FSC licensed issued in the British Virgin Islands. Such a combination of licensing would be considered moderate.
Considered among it’s peers as a premium broker, InstaForex’s size of operation and capital backing give credence to it’s reliability as a broker. From our review of trader feedback as well as first hand experience with the broker, we found there to be no issues with InstaForex, with positive experiences in deposits, withdrawals, customer support and the trading environment.
InstaForex’s credibility as a broker is also backed by a large list of awards. Among the notable areas of recognition were:
- 2009 World Finance Awards – Best Broker In Asia
- 2010 World Finance Awards – the Best Forex Broker in Asia
- 2011 Forex & Investment Summit – Best Retail FX Provider Award 2011
- 2012 Best Forex Broker in Asia – Global Banking & Finance Review
- 2013 Best Global Retail Broker – European CEO Awards
- 2014 Best Forex ECN Broker – UK Forex Awards
- 2015 Best Web Trading Platform – ShowFx World
- 2016 Best Social Trading Broker – UK Forex Awards
- 2017 Best ECN Broker – European CEO
InstaForex Trading Platforms
InstaForex offers traders access to the world’s most popular trading environment: MetaTrader 4. There is a wide range of resources, indicators and Expert Advisors that contribute to the overall popularity of MetaTrader 4. The easy of use of MetaTader 4 is also quite suitable for beginner traders.
Also on offer at InstaForex is the MetaTrader 5 platform by MetaQuotes. While not as popular as MetaTrader 4, MetaTrader 5 is gain more traction with brokers in recent years with indicators and expert advises, as well as additional features, being more readily available.
The full range of trading platforms offered at InstaForex include:
- MetaTrader 4 PC
- MetaTrader 4 Android
- MetaTrader 4 iOs
- MetaTrader 5 PC
- MetaTrader 5 Android
- MetaTrader iOs
- MetaTrader 4 MultiTerminal
- IFC Options System
The addition of the IFX Options Trade System – a plugin that operates through the MetaTrader 4 environment – adds the additional benefit of options trading to InstaForex clients.
InstaForex provides a propriotary trade copy system to cater for traders who either don’t have the experience and knowledge to be successful in the markets. Trade copy systems also cater for those who are particularly time poor and are limited in the amount time they can spend anaylsing charts and fundamentals.
The ForexCopy system enables users to copy traders from more successful traders even while away from their trading terminal. Clients can select particular traders to receive trades from and then enable the trade signal to be received by their account. InstaForex offers a good level of user control with the system whereby clients can monitor the performers of the trade signals and also intervene to close out positions or modify positions should they desire.
High performing traders can also join the ForexCopy program and become a signal provider. This allows for successful traders to gain an additional source of revenue based on the performance of their trading.
InstaForex Account Types
There are a good number of accounts to choose from at InstaForex. Each account offers different features that will cater for different trader needs:
- Insta Standard Account – a spread based account with no fees
- Insta Eurica Account- a zero spread account with low fees
- Cent Standard Account – a spread based account with no fees and smaller contract sizes available
- Cent Eurica Account – a zero spread account with low fees and smaller contract sizes available.
|Insta Standard||Insta Eurica||Cent Standard||Cent Eurica|
|Deposit currency||EUR, USD||EUR, USD||USD Cents, EUR Cents||USD Cents, EUR Cents|
|Minimum deposit||1 USD||1 USD||1 USD||1 USD|
|Maximum deposit||unlimited||unlimited||1000 USD||1000 USD|
|Minimal trade||0.01 of the lot||0.01 of the lot||0.10 of the lot (equivalent of 0.0001 market lot)||0.10 of the lot (equivalent of 0.0001 market lot)|
|Maximal trade||10000 lots||10000 lots||10000 lots||10000 lots|
InstaForex PAMM Accounts
InstaForex’s PAMM for Investors program is a traditional managed fund environment where investors can profit on the experience and success of professional fund managers.
- Accessible through the Client Cabinet, the InstaForex PAMM system offers additional features:
- A monitoring list of managing traders to select the best performing strategy from
- The ability to invest any amount across a range of managed funds
- The ability to diversify risks by changing the amount invested across different accounts
- An automatic investment withdrawal from a PAMM trader account system accessible via the PAMM Cabinet.
InstaForex Deposits and Withdrawals
Clients can access the InstaForex deposit options through the Client Cabinet. The number of deposit methods available are particularly impressive. InstaForex offers over 40 deposit methods. This includes local bank deposit, making it easier and cheaper for clients depositing from around the world. Bitcoin is also available as a deposit method.
There is also an impressive 25 withdrawal methods available at InstaForex. Also accessible via the Client Cabinet, traders will have the ability to use many will regarded and secure withdrawal options. Local bank withdrawals are available. Clients also benefit by the arability of Bitcoin as a withdrawal option.
InstaForex Commissions And Spreads
Spreads and commissions at InstaForex are relatively competitive, particularly with the Eurica account. The Standard Account spreads were slightly wider, but this can be expected with some premium brokers who offer a wide range of resources, bonuses and extras.
Standard Account spreads:
|EUR/USD||EUR 10 000||3||0||-0.37||0.14|
|GBP/USD||GBP 10 000||3||0||-0.53||-0.01|
|USD/JPY||USD 10 000||3||0||-0.01||-0.44|
|USD/CHF||USD 10 000||3||0||0.15||-0.57|
|USD/CAD||USD 10 000||3||0||-0.01||-0.28|
|AUD/USD||AUD 10 000||3||0||-0.04||-0.23|
Eurica Account spreads:
|EUR/USD||EUR 10 000||0||3||-0.37||0.14|
|GBP/USD||GBP 10 000||0||3||-0.53||-0.01|
|USD/JPY||USD 10 000||0||3||-0.01||-0.44|
|USD/CHF||USD 10 000||0||3||0.15||-0.57|
|USD/CAD||USD 10 000||0||3||-0.01||-0.28|
|AUD/USD||AUD 10 000||0||3||-0.04||-0.23|
InstaForex Bonuses And Promotions
Bonuses and promotions are something that InstaForex does not shy away from. Very few brokers offer the level of added extras that InstaForex does. There are a range of promotions and prizes to entice clients to trade. This include trading related competitions, prize draws and beauty competitions! Previously, lucky traders have been fortunate enough to win prizes through trading events such a Lamborghini, a BMW X6 and Hummer.
InstaForex Customer Support
Not only is there a wide range of guides and resources available to help beginner traders, InstaForex offers 24 hour support, 5 days a week via phone, email, live chat and social media. There are also over 260 regional offices that provide customer service to clients within the local region.
The experience we had with InstaForex during our review was generally positive. Our questions were answered promptly through the live chat service and the time-frame for email replies was also quiet efficient.
Another impressive feature of the support services offered by InstaForex is their Official Support section. This portal provides a comprehensive guide that covers virtually all aspects of trading with InstaForex.
Is InstaForex regulated?
Yes. InstaForex is regulated through a CySec licence, enabling InstaForex passporting access throughout Europe; and, a BVI FSC licensed issued in the British Virgin Islands.
How safe is InstaForex?
Since InstaForex’s inception in 2007, it has grown rapidly to be a global leading CFD broker. Given the size of InstaForex, it’s regulation and capital backing, it is a safe broker to partner with. During our review, we found no information that discredits InstaForex’s reputation.
Where is InstaForex based?
The headquarters of InstaForex is located in Kaliningrad, Russia. It also boasts an impressive 260 regional offices around the world.
How does InstaForex make money?
As an ECN broker, InstaForex makes a revenue through a portion of the commission and spread charged on client accounts.
How to deposit in InstaForex account?
Accessing the Client Cabinet portal, clients will have access to over 30+ funding options including Bitcoin. There are also a wide range of regional funding methods available that support clients from across the world.
How to withdraw money from InstaForex?
Withdrawals can be processed by accessing the Client Cabinet. Similar to deposits, clients will also have access to over 30+ withdrawal methods – which facilitate the ease and cost of withdrawing.
How to open an account with InstaForex?
To open a trading account simply fill out the account opening registration and click submit. You can follow the instructions on InstaForex ’s website.
Is InstaForex reliable?
Yes, we found InstaForex to be a reliable and well regarded broker. There is certainly an emphasis on benefit to the client when trading with InstaForex. Combined with it’s regulation and capital backing, we found InstaForex to be responsive and responsible in the services they offer.
Does InstaForex use MetaTrader?
Yes, InstaForex offers MetaTrader 4 and MetaTrader 5 across desktop, Mac, iOS, Android and web-based devices.
What is InstaForex ’s leverage?
InstaForex’s maximum leverage is 1000:1. Leverage on cryptocurrencies is 25:1.
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