alexa certify
235
General Information
Broker Name:INSTAFOREX
Broker Type:Forex
Country:Russian Federation
Operating since year:2007
International offices:United Kingdom, Cyprus
Regulation:CYSEC 266/15
Broker status:Regulated
Customer Service
Phone:+44 2037699172
Email:[email protected]
Languages:Arabic, Azerbaijani, Chinese, Farsi, French, Georgian, German, Hindi, Indonesian, Japanese
Availability:24/7
Accepts U.S Clients:No
Trading
Trading Platforms:MT4, MT5
Trading platform(s) timezone:GMT+3
Demo Account:YES
Mobile trading:YES
Web based trading:YES
Bonuses:N/A
Other trading instruments:currencies, CFDS, futures and indices, and cryptocurrencies.
Account
Minimum deposit ($)1
Maximal leverage1:1000
SpreadFixed

INSTAFOREX Review 2020

Review Contents:

  1. About INSTAFOREX;
  2. INSTAFOREX Regulation Status;
  3. Account Types at INSTAFOREX;
  4. Money Withdrawal;
  5. Payment Methods;
  6. Trading Conditions at INSTAFOREX;
  7. Online Education;
  8. INSTAFOREX Customer Service;
  9. INSTAFOREX Review Conclusion.

instaforex logo

About INSTAFOREX

INSTAFOREX started making its first steps in the trading market in 2001. Ever since, the company tries to provide the best service to its clientele. Trading conditions at the company correlate with fundamental trends in the industry. Also, INSTAFOREX strives to comply with the highest quality standards.

about InstaForex

INSTAFOREX is very active in sports and supports both prominent athletes and other sports teams.
Here is a brief list of all the things that INSTAFOREX offers its clients.

  • 200+ Trading Instruments – INSTAFOREX offers its clients spot instruments, Gold, Silver, futures, Dow Jones Industrial Average, CFDs on indices S&P 500, NASDAQ Composite, FTSE 100, Nikkei 225, Hang Seng Index, Euronext 100, DAX 30, US Dollar Index and other instruments.
  • Crypto – INSTAFOREX offers crypto analytics, fresh news covering main events, and everything that would be useful while trading cryptocurrency.
  • Market Analysis – This section contains new forecasts, statistics, reviews, and fundamental forex broker analysis.
  • INSTAFOREX Deposit and Withdrawal – INSTAFOREX offers a range of options for making deposits and withdrawals to and from clients’ accounts.
  • Customer Support – INSTAFOREX clients have access to round-the-clock technical support via e-mail, Telegram, Skype, Viber callback service, and live chat on working days. All client inquiries are taken with a personal touch and by the dedicated manager.
  • Team of Professional Traders – Every day, our staff works so that every client gets the expected level of service and has an opportunity to solve existed problems quickly and productively.
  • Forex Copy System – INSTAFOREX offers a unique system of where a client can copy deals of professionals, trade, and learn at the same time. Users are free to choose a trader based on 20+ criteria and automatically copy his or her deals. However, the client’s deposit remains on the account, and the client can cancel an agreement at any moment.

 

INSTAFOREX Regulation Status

Every honest broker needs official approval for its trading activities and products. INSTAFOREX is no exception, as it tries to appease its customers and be as accurate and truthful as it’s possible.

InstaForex

Besides, the Cyprus Securities and Exchange Commission (CySEC) regulates Instant Trading Eu Ltd. Moreover,  if you want to search for the official license, here is the registration number 266/15.

Also, Instant Trading Eu Ltd is a member of the Investor Compensation Fund. Also, the funds serve its members and clients and try to protect eligible retail clients by paying compensation. In the case of company/brokerage’s failure to repay funds, the Investor Compensation Fund helps out.

InstaForex

Besides, a license of this level guarantees trades’ security and transparency for all InstaForex clients.

 

Account Types at INSTAFOREX

INSTAFOREX offers account types that were developed by the INSTAFOREX Dealer Department specialists.

There are two account categories: Standard and Eurica. Mostly, trading accounts’ types differ by the method of accounting spreads and commissions.

InstaForex offers diverse types of trading accounts.

Trading Account Types

Traders pick one report that suits them. Clients have access to every trading symbol and tool available.

To create the best trading environment for traders and, whatsoever, offer them the best trading experience.

Here are all the INSTAFOREX account types that we found on the company’s website.

1. Insta-Standard Trading Accounts

In the first place Insta.Standard accounts are high for all types of traders, as they allow a trade to be settled with no fees and with the classical spread. However, the main advantage of this account type is that the trader can change the trading leverage, and a deposit size is made convenient for clients.

The features of the account allow trading with Micro Forex, the minimum deposit USD 1-10. Also, other deposits are Mini Forex – the minimum deposit is USD 100 and the Standard Forex- minimum deposit USD 1000.

INSTAFOREX account, the minimum trade volume is 0.0001 for the lot price of 0.1 US cents. INSTAFOREX also created a maximum deposit limit for beginners, so they do not risk too much upon registration.

2. Insta-Eurica Trading Accounts

The Insta.Eurica’s account does not require any spreads to be paid momentary at opening a trade. The reason is that the BID is always equal to the ASK price. However, the offered rate runs higher than the BID price by half of the standard spread.

The platform is MT4, and the account is recommended for beginner traders as well.

The minimum deposit is USD 1, with an unlimited maximum deposit. However, the fees vary from 0.03%-0.07%. The smallest trade amount is 0.01 of the lot, with 10,000 being the maximum. The trader can choose leverage from 1:1-1:1000. Further comparison details list will be provided in the picture at the end of this section.

3. ECN Trading Account

ECN accounts are suitable for all categories of traders. These types of accounts have no commissions, only spreads are charged. However, this account gives access to all trading instruments. Also, traders get to pay a free-range per every deal that is 1.2 pips on average.

InstaForex

The main advantage of this account type is its flexibility. The ECN account differs from Insta.Standard and Eurica by the execution type. This means that during market execution, the deals are opened and closed in any case.

ECN Trading account offers:

  • Micro Forex mode with a margin from 1 to 10 USD
  • Mini Forex mode with a margin from 100 USD
  • Standard Forex mode with a margin from 1,000 USD

4. ECN Pro Trading Account

The ECN Pro account is more convenient for experienced traders who are used to working with significant sums and minimal spreads. The minimum deposit required for trading on the ECN Pro account is 1,000 EUR.

ECN Pro differs from Insta. Standard and Insta.

Eurica accounts for the execution type. Market execution is applied instead of instant performance. The clients will get access to all trading instruments, and traders pay a floating spread per every deal that is 0.8 pips on average.

5. Scalping Trading Account

The scalping account type has features like commission-free trading, comprising market execution, as well as floating spreads.

The scalping account is perfect for traders who employ the classic scalping strategy on the currency market. This strategy implies the opening of short-term deals that are closed once a small profit of several pips is achieved.

InstaForex

Minimal trade size

The size limitation of the minimum trade equals to 1 lot (USD 1 per pip) for accounts of Standard and Eurica types with the balance over USD 100,000 or its equivalent in other currencies.

 

INSTAFOREX Demo Account

INSTAFOREX offers demo accounts as well. Also, the client can train his or her skills on a demo trading account before deciding to commit real money to INSTAFOREX.

demo account

It is perfect for novice level traders who want to gain experience in trading. In fact for beginner traders who do not wish to invest one dollar into their accounts, this is a great option.

 

Money Withdrawal

INSTAFOREX works with, as they say on the website, reliable, efficient, and trusted payment systems. The withdrawal methods are secure, and as the company states, INSTAFOREX doesn’t charge fees.

Also, as part of the broker’s commitment to creating the best possible trading experience, INSTAFOREX reimburses deposit costs that the clients incur. Moreover, withdrawal fees vary depending on the payment method.

However, any deposit or withdrawal fees reimbursed by INSTAFOREX may be incurred by the client in the event the Company determines that the client has failed to meet any of the required conditions.

These events include, among others, illegal activity, no trading activity, etc.

 

Payment Methods

The payment options are quite large. See the list below:

  • Credit/Debit Cards – processed within 24 hours with a fee
  • Bank transfers – processed within 2-4 business days, some fees might apply
  • PayCo – instant deposit with no fees
  • Skrill – 24-hour process, no fees
  • EPayments – 24-hour process, no fees
  • Neteller – immediate deposit, no fees
  • UnionPay – only for Chinese residents, no fees
  • WeChat – no fees, direct deposit
  • AliPay – no payments, instant deposit
  • ZotaPay – no fees, immediate deposit
  • Carta Bleue – France residents, no fees
  • CartaSi – Italian residents, no fees
  • Dankort – Denmark residents, no fees

 

Trading Conditions at INSTAFOREX

INSTAFOREX only offers to trade with the MT4 platform. Though MT4 is one of the most versatile platforms available, it is still quite a limiting list.

Moreover, the platform is available for download on desktop and mobile. INSTAFOREX only offers the essential MT4 functions, so not NexGen or anything more advanced is available. These are the specs provided by the INSTAFOREX MT4:

  • Virtual trading (demo)
  • Desktop, Windows only
  • Web platform
  • Social trading
  • Also Charting indicators, 51 total
  • Up to 31 Charting drawing tools
  • Watchlist, seven total

trading conditions

  • Their mobile app offers these functions:
  • Android App
  • Apple iOS App
  • Charting, draw trend lines
  • Trading Forex, CFDs
  • Alerts
  • Watchlist
  • A total amount of 30 Charting indicators
  • Charting, multiple time frames

 

Online Education

For beginner traders, INSTAFOREX offers educational online materials as well as courses.

In addition, INSTAFOREX offers beginner level online trading courses. The user will have to register, open a trading account, fill in the registration form, and then proceed to the training course.

InstaForex

The educational program consists of these topics:

  • Detailed information on technical and fundamental analysis that is crucial for predicting price changes;
  • Introduction to Forex Broker types and basic technical concepts;
  • Mathematical analysis (technical indicators);
  • The full course on MetaTrader 4, the most popular and convenient trading platform;
  • Ready-made training with guidelines on how to make a trade;
  • Introduction to graphical analysis;
  • An essential insight into the psychology of the market and its participants’ trading behavior;

INSTAFOREX Customer Service

The customer service at INSTAFOREX is available 24/7. Also, the client can get in touch with them through chat, phone, or email. Their support is quite strong. INSTAFOREX must have had a great team to get everything in control.

customer support

INSTAFOREX Review Conclusion

In conclusion, INSTAFOREX is anything but disappointing. Overall, the offers and features are satisfying and pleasant to use.

However, as previously mentioned, the main drawback of the broker is it lacks third-party services and research tools.

Moreover, education primarily includes a variety of very basic articles (text only) on forex trading, a glossary, and videos.

It does not have:

  • Economic calendar,
  • Currency pairs or social sentiment,
  • Delkos research,
  • Recognia (trading central),
  • AutoChartist,
  • Weekly Webinars,
  • Top-Tier Sources (Forex News),
  • Daily market commentary.

InstaForex only has a MetaTrader4. That means that it offers the platform of MT4 suite from MetaQuotes Software Corporation. The corporation is a developer of the widely popular MT4 platform and MT5 platform for web, desktop, and mobile.

MetaTrader4 is standard. On the surface of the platform, it varies from broker to broker. When it comes to the available execution method, features, administrative areas, trading commissions, and spreads, there can be significant differences on how the platform is set up.

Sadly, the MetaTrader platform (branded as InstaForex) comes with only the default services, for InstaTrader clients. Moreover, as already mentioned, there are no other third-party plugins or platforms provided to traders.

Because InstaForex is a MetaTrader-only broker, Android and iOS versions of the MT4 mobile app comes standard. Thus, they are both available for download from Android Playstore and Apple iTunes store.

Is it the Right Broker?

The broker is FCA licensed. Nevertheless, it is not FCA regulated and authorised. Since it has a CySEC (Cyprus) license, InstaForex is passported through to the United Kingdom. Thus, it means that it can accept residents of the United Kingdom.

Even so, it still has to receive a formal license of FCA. Of course, this impacts trustworthiness negatively.

Instaforex has been in business since 2007. It offers a website that is well designed. Moreover, it is full of ads sponsorship for suggesting that InstaForex is a reputable, trustworthy forex broker. Besides, we made research and it does not support the claims of the broker.

Frankly speaking, InstaForex only provides its clients with the default experience of MetaTrader.

All in all, first think and carefully conduct your own research. Then decide if you want to trade on InstaForex.

Thank you for taking the time to read our INSTAFOREX review. We hope it was helpful!

 

  • Support
    (4)
  • Platform
    (4)
  • Spread
    (4)
  • Trading Instrument
    (4.5)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.



You might also like

235 Comments

  1. Benjamin Weingarth December 8, 2021
  2. Nate Van De Velde December 6, 2021
  3. Bronislaw Aksenova November 29, 2021
  4. Andrew Mirams November 24, 2021
  5. Charlotte Brifman November 23, 2021
  6. Cody Jacoby November 17, 2021
  7. Cameron Jeffreys November 15, 2021
  8. Lucas Savery November 10, 2021
  9. Melanie Nussbaum November 8, 2021
  10. Charlie Betche November 4, 2021
  11. Taj Boas November 2, 2021
  12. Jeffer October 29, 2021
  13. Leo Dhakiyarr October 27, 2021
  14. Sean Crouch October 25, 2021
  15. Bailey Schonell October 20, 2021
  16. Adam Hassall October 18, 2021
  17. Natasha Imlay October 13, 2021
  18. Archie Mahomed October 11, 2021
  19. Andrea Schwartz October 6, 2021
  20. Kaitlyn Appleroth October 4, 2021
  21. Toby Stretton September 29, 2021
  22. Geoffrey Pitre September 27, 2021
  23. Cameron Levi September 22, 2021
  24. Julia Eichel September 20, 2021
  25. Cameron Lindeman September 15, 2021
  26. Polycarp Tokaryev September 13, 2021
  27. Joshua Tripp September 8, 2021
  28. Stephanie Wedge September 6, 2021
  29. Lolita Medvedeva September 1, 2021
  30. Kai Blakeney August 25, 2021
  31. Zinovy Yuriev August 23, 2021
  32. Janina Bachmeier August 19, 2021
  33. Johanna Lehmann August 17, 2021
  34. Anke Bosch August 11, 2021
  35. Amy Fitzgerald August 9, 2021
  36. Sophie Zimmer August 4, 2021
  37. Anke Eberhart August 2, 2021
  38. Christine Koertig July 28, 2021
  39. Esther Artamonova July 26, 2021
  40. Rafik Butusov July 21, 2021
  41. Austin Crofts July 19, 2021
  42. Jessica Hoffmann July 14, 2021
  43. Lolita Ponomaryova July 12, 2021
  44. Julian Spence July 7, 2021
  45. Ethan Carlton July 5, 2021
  46. Kathrin Theissen June 30, 2021
  47. Leah Dashwood June 28, 2021
  48. Stephan Schreiner June 23, 2021
  49. Daniela Möller June 21, 2021
  50. Berangaria Berger June 16, 2021
  51. Maik Schwarz June 14, 2021
  52. Alphonsine Davignon June 9, 2021
  53. Silke Schroeder June 7, 2021
  54. Lilly Clemens June 4, 2021
  55. Nicodemus Aksyonov May 26, 2021
  56. Monika Fuchs May 24, 2021
  57. Asol May 24, 2021
  58. Niklas Kuester May 19, 2021
  59. Madeline Andronicus May 17, 2021
  60. René Daecher May 12, 2021
  61. Hleb Bogolyubov May 5, 2021
  62. Rudolph Denisov May 3, 2021
  63. Ute Bieber April 28, 2021
  64. Lisa Schiffer April 26, 2021
  65. Tom Austerlitz April 21, 2021
  66. Francis Rafael April 20, 2021
  67. Marco Gerber April 19, 2021
  68. Sebastian Eisenhauer April 14, 2021
  69. Ulrike Herman April 12, 2021
  70. Rachel Zuyeva April 5, 2021
  71. Christian Möller April 2, 2021
  72. Nick Lavrentiev March 31, 2021
  73. René Wolf March 29, 2021
  74. Nathan March 29, 2021
  75. Jan Schäfer March 24, 2021
  76. Aimé Brousse March 22, 2021
  77. Orlene Pelland March 17, 2021
  78. Nicodemus Voronoff March 15, 2021
  79. Angelina Oakes March 11, 2021
  80. Vadim Medvedev March 10, 2021
  81. Victoria Sleeman March 8, 2021
  82. Ute Neustadt March 3, 2021
  83. Esther Yegorova March 1, 2021
  84. Jasmine Louat February 24, 2021
  85. Kristian Propst February 22, 2021
  86. Jonathan Rosman February 17, 2021
  87. Martha Vaguine February 15, 2021
  88. Jens Schmitz February 10, 2021
  89. Stanislav Andreeff February 8, 2021
  90. Laura Wolf February 3, 2021
  91. Thorsten Traugott February 1, 2021
  92. Bernadette Hébert January 27, 2021
  93. Thibaut Lacharité January 25, 2021
  94. Parfait Verreau January 20, 2021
  95. Jörg Baader January 18, 2021
  96. Sara Sweet January 13, 2021
  97. Thomas Pfeifer January 11, 2021
  98. Salva January 8, 2021
  99. Benoît Pitre January 6, 2021
  100. Hayden Piper January 4, 2021
  101. Taylah Cawthorne December 23, 2020
  102. Trofim Vagin December 21, 2020
  103. Dominik Gruenewald December 16, 2020
  104. Lucas Piddington December 14, 2020
  105. Ralf Duerr December 9, 2020
  106. Sébastien Déziel December 7, 2020
  107. Nouel Daviau December 2, 2020
  108. Pelagia Sukhorukova November 30, 2020
  109. Austin Walch November 25, 2020
  110. Kerman Dodier November 23, 2020
  111. Rebecca Whyte November 18, 2020
  112. Leah Spedding November 16, 2020
  113. Nicole Kuester November 11, 2020
  114. Paulette Robitaille November 9, 2020
  115. Vanessa Sidorova November 4, 2020
  116. Sarah Traugott November 2, 2020
  117. Samuel Yefimov October 28, 2020
  118. Tigran Fokine October 26, 2020
  119. Coralie Deschênes October 21, 2020
  120. Helga October 21, 2020
  121. Hortense Drouin October 19, 2020
  122. Juliana Kazantseva October 14, 2020
  123. Mason Rousseau October 12, 2020
  124. Ruben Seleznyov October 7, 2020
  125. Dylan Teece October 5, 2020
  126. Jan Baum September 30, 2020
  127. Angelina Allnutt September 28, 2020
  128. Lea Sommer September 23, 2020
  129. Luke Hentze September 21, 2020
  130. Imogen Gilfillan September 16, 2020
  131. Ashley Hurst September 14, 2020
  132. Bella Belcher September 9, 2020
  133. Patrick Haswell September 7, 2020
  134. Ryder Wicken September 2, 2020
  135. Onlyx September 1, 2020
  136. Onyx September 1, 2020
  137. Rule Gregoire August 31, 2020
  138. Maya August 28, 2020
  139. Hayden Becher August 26, 2020
  140. Juliane Eberhardt August 24, 2020
  141. Ralph Schmidt August 17, 2020
  142. Aubrey Labrie August 12, 2020
  143. Claudia Luisini August 10, 2020
  144. Natalia Mordvinova August 5, 2020
  145. Sara Sparkes August 3, 2020
  146. Rafik Isayev July 29, 2020
  147. Alica Cardell July 27, 2020
  148. Emelyan Bezrukov July 22, 2020
  149. Brianna Mehaffey July 20, 2020
  150. Katie Stonehouse July 15, 2020
  151. Stepan Ponomarev July 13, 2020
  152. Michael Schäfer July 8, 2020
  153. Ellie Nan July 6, 2020
  154. Leo Cardell July 1, 2020
  155. Sienna Cadell June 29, 2020
  156. Stephanie Fuchs June 26, 2020
  157. Torsten Wurfel June 26, 2020
  158. Alex Dyett June 24, 2020
  159. Perrin Vincent June 22, 2020
  160. Karp Evdokimov June 17, 2020
  161. Hudson Connal June 15, 2020
  162. Angelette Saindon June 10, 2020
  163. Sarah Lyster June 8, 2020
  164. Mandy Finkel June 3, 2020
  165. Lucy Orton June 1, 2020
  166. Edward Ewart May 27, 2020
  167. Katharina Wagner May 25, 2020
  168. Jean Allain May 20, 2020
  169. Roxanne Samsonova May 18, 2020
  170. Anthony C. Johnson May 13, 2020
  171. Gloria H. Davis May 11, 2020
  172. Marti Etura May 10, 2020
  173. Dana Dubinina May 6, 2020
  174. Leah Charleston May 4, 2020
  175. Vadim Demidov April 29, 2020
  176. Darcy Windich April 27, 2020
  177. Phillipp Eisenhauer April 22, 2020
  178. Genevre Blanc April 20, 2020
  179. Johanna Reiniger April 15, 2020
  180. Anton Grignon April 13, 2020
  181. David Ritter April 8, 2020
  182. Matthew Fokine April 1, 2020
  183. Sophie Tegg March 30, 2020
  184. Marina Metzger March 25, 2020
  185. Javier Dufresne March 23, 2020
  186. Methodius Ankudinov March 19, 2020
  187. Andrea Vogt March 18, 2020
  188. Karina Sergeyeva March 12, 2020
  189. Bruno Authier March 9, 2020
  190. Lucia Kapustina March 5, 2020
  191. Ryan Martins Correia March 3, 2020
  192. Nazar Korovin February 24, 2020
  193. Lucille Beauchamp February 17, 2020
  194. Anna Corrie February 11, 2020
  195. Cora Vinogradova February 10, 2020
  196. Fusberta Rivière February 6, 2020
  197. Lily Aleksandrova January 30, 2020
  198. Martin Lange January 28, 2020
  199. Jasmine Collier January 24, 2020
  200. Mike Kohler January 22, 2020
  201. Roger Veilleux January 20, 2020
  202. Katharina Strauss January 16, 2020
  203. Allyriane Latourelle January 14, 2020
  204. Lilian Rolland January 13, 2020
  205. Jonas Gärtner January 10, 2020
  206. Aymon Bler January 8, 2020
  207. Spiridon Izmailov January 6, 2020
  208. Martim Alves Melo January 2, 2020
  209. Raymond Richer December 30, 2019
  210. Leonie Peters December 26, 2019
  211. Maximilian Herrmann December 20, 2019
  212. Honore René December 18, 2019
  213. Stepanida Polyakova December 16, 2019
  214. Yvette Chartré December 12, 2019
  215. Robert Weisz December 10, 2019
  216. Zara John December 6, 2019
  217. Eric Lange December 4, 2019
  218. Corette Avare December 2, 2019
  219. Bella Belyakova November 28, 2019
  220. Douglas Fernandes Correia November 26, 2019
  221. Bianca McMinn November 22, 2019
  222. Leonor Dias Ribeiro November 12, 2019
  223. Maya Palmos November 8, 2019
  224. Mandy Schreiber November 6, 2019
  225. Forrest Forest November 4, 2019
  226. Manuela Sommer October 30, 2019
  227. Rachelle Létourneau October 28, 2019
  228. Rice Anisimov October 24, 2019
  229. Murilo Barros Pinto October 22, 2019
  230. Melodie Bureau October 16, 2019
  231. Courtland Boisclair October 14, 2019
  232. Clarice Allaire October 11, 2019