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Instaforex Review
Instaforex general information
Founded in: | 2007 year |
Headquarters: | Russia |
Offices in the country: |
Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, China, Malaysia, Moldavian, Nigeria, United Arab Emirates, Pakistan, Peru, Thailand, Tunisia |
Minimum Deposit: | 1 $ |
Website: | www.instaforex.com |
Website languages: |
Azerbaijani, English, Arab, Armenian, Bengal, Hungarian, Vietnamese, Georgian, Indonesian, Italian, Kazakh, Chinese, Korean, Latvian, Lithuanian, Malay, Deutsch, Dutch, Polish, Portuguese, Romanian, Serbian, Slovak, Thai, Uzbek, Ukrainian, Hindi, Czech, Japanese |
Execution model: | NDD, ECN |
Deposit currency: | USD, EUR, RUB |
Support languages: |
English, Bulgarian, Georgian, Indonesian, Kazakh, Malay, Deutsch, Russian, Uzbek, Ukrainian |
Regulated by: | RAUFR (Russia) |
Mobile trading: | iOS, Android |
Types of offered accounts: |
Unlimited Demo Accounts, Standard Accounts, Cent accounts, Swap free accounts, Segregated accounts |
Trust management: | PAMM |
Affiliate program: | Yes |
Deposit bonus: | 30 % |
Instaforex Forex broker description
InstaForex is a reputable online broker that has been in operation since 2007. With their headquarters in Russia, they provide brokerage services to clients in over 260 countries globally. InstaForex prides itself in offering its clients excellent trading conditions and innovative solutions.
They provide diverse trading instruments, including Forex, stocks, and cryptocurrencies. The broker is regulated by several authorities, including the Belize International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC).
InstaForex also offers their clients the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are available for both desktop and mobile devices. They offer a range of payment options, including bank transfers, credit/debit cards, and e-wallets.
InstaForex's unique selling points are their high leverage offerings, which go up to 1:1000. They also provide multiple language options to cater to their client's diverse needs, making them an excellent choice for traders who prefer to communicate in their native languages.
Supported Countries
InstaForex offers its services to clients in over 260 countries and territories around the world. The broker supports many languages to ensure traders can access its services in their native language. The languages supported by InstaForex include English, Spanish, Portuguese, French, Italian, German, Polish, Czech, Slovak, Bulgarian, Hungarian, Romanian, Greek, Lithuanian, Latvian, Estonian, Russian, Ukrainian, Indonesian, Malay, Vietnamese, Chinese, Arabic, Bengali, Urdu, Hindi, Tamil, Farsi, and Thai.
InstaForex's vast coverage makes it an ideal broker for traders in Latin America, Asia, Africa, and Europe. Countries, where InstaForex is available, include the United States, Canada, the United Kingdom, Australia, Japan, South Africa, Nigeria, Kenya, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Spain, Italy, Germany, France, Portugal, Ukraine, Russia, China, Indonesia, Malaysia, and Vietnam.
With its extensive reach and language support, InstaForex ensures that traders from different regions can trade with ease and convenience.
Customer Service Rating
InstaForex has a "good" customer service rating, with a score of 4.1 out of 5. Positive reviews highlighted the broker's prompt and helpful customer support team, available 24/7 through multiple channels, including live chat, email, and phone. Traders also commended InstaForex's easy-to-use trading platform and educational resources.
However, some users noted that the broker's withdrawal process could be improved, with longer waiting times than expected. Additionally, a few customers experienced difficulties with account verification and depositing funds. Overall, InstaForex's customer service is helpful and effective, with room for improvement in certain areas.
InstaForex Trading Platforms
InstaForex offers two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for download on Windows, Mac, and mobile devices. Both platforms come with advanced charting tools, technical analysis indicators, and a range of order types.
Meta Trader (MT4): This is the most widely used trading platform worldwide and is known for its stability, security, and flexibility. It is ideal for traders of all levels, from beginners to professionals, and supports automated trading through Expert Advisors (EAs). MT4 is also available as a web platform, allowing traders to access their accounts from any browser.
Meta Trader (MT5): This is the successor to MT4 and offers several new features, such as more advanced technical analysis tools, a greater number of timeframes, and the ability to trade more instruments, including stocks and commodities. It also supports the Expert Advisors (EAs) and is available as a web platform.
Type of Trading Accounts on InstaForex
InstaForex offers various trading accounts suitable for different levels of traders, from beginners to experienced traders. The account types are designed to cater to different trading styles/preferences and provide access to different trading instruments.
InstaForex offers the following:
Standard Account: This account type requires a minimum deposit of $1 and offers fixed spreads from 3 pips. It is suitable for beginners and traders who prefer a low-risk trading environment.
Eurica Account: This account type is similar to the Standard account but has no spreads. Instead, the broker charges a commission on trades. The minimum deposit for this account is $1, making it accessible to beginners and traders with small capital.
Cent Account: The Cent account is designed for traders who want to trade with smaller amounts. The minimum deposit for this account is $1, and the lot size is 0.0001 of a standard lot. The spreads start from 3 pips.
Standard-ECN Account: This account type offers variable spreads from 0.8 pips and requires a minimum deposit of $1,000. It suits traders who prefer a more advanced trading environment with access to ECN liquidity.
Pro-Standard Account: This account type offers variable spreads from 1.3 pips and requires a minimum deposit of $10,000. It suits experienced traders who require access to more advanced trading tools and features.
Pro-Eurica Account: This account type is similar to the Pro-Standard account but has no spreads. Instead, the broker charges a commission on trades. The minimum deposit for this account is $10,000.
ECN Account: This account type offers direct interbank liquidity access and variable spreads from 0.0 pips. The minimum deposit Instaforex for this account is $1,000, making it accessible to more experienced traders.
Trading Denominations on InstaForex
InstaForex offers traders a range of base currencies that users can use to denominate their trading accounts. These base currencies include AUD, USD, GBP, EUR, SGD, CAD, and CHF. It's worth noting that the PLN denomination is not currently available for InstaForex accounts.
Having multiple base currencies available allows traders to choose the currency that best suits their needs and can help avoid unnecessary conversion fees. It's also worth noting that the choice of base currency can impact margin and trading costs, so it's important to consider this when setting up an account.
Company Structure
InstaForex is a well-established brokerage firm that provides trading services to clients worldwide. Founded in 2007, the company is headquartered in Russia and has additional offices in Asia and Europe. InstaForex is not publicly traded and is not a bank.
The broker holds regulatory licenses from several reputable organizations, including the International Financial Services Commission of Belize, the Cyprus Securities and Exchange Commission, and the Securities Commission of Malaysia. Clients can find the license numbers on the broker's homepage under its disclosure text. To confirm the broker's public profile and validate the registration number, clients can look up the entity name "InstaForex Companies Group" on the respective regulator's website.
InstaForex is available to clients worldwide, except for residents of the United States, Japan, and some other countries where the broker is not authorized to operate. The company offers various account types denominated in AUD, USD, EUR, and RUB, among other currencies. Clients can choose between a standard account with a minimum deposit Instaforex of $1 or a Eurica account with a minimum deposit of $0.
InstaForex Licenses and Regulatory Compliance
InstaForex is a well-regulated forex broker licensed and regulated by several reputable financial authorities. This ensures that it adheres to strict regulatory guidelines and maintains high integrity. InstaForex is licensed and regulated by the
International Financial Services Commission of Belize (IFSC),
The Cyprus Securities and Exchange Commission (CySEC), and
The Securities Commission of Malaysia.
These regulatory bodies ensure the broker complies with all applicable laws and regulations, including anti-money laundering (AML) and know-your-customer (KYC) procedures.
Clients can verify InstaForex's regulatory compliance by checking the license numbers displayed on the broker's homepage under its disclosure text. Additionally, clients can look up the entity name "InstaForex Companies Group" on the respective regulator's website to confirm the broker's public profile and validate the registration number.
InstaForex's compliance with regulatory guidelines extends to its business practices as well. The broker operates transparently and fairly, with no hidden fees or charges. It offers competitive spreads, fast execution speeds, and a range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
InstaForex is known for its attractive bonuses and promotions, including a no-deposit bonus for new clients. The minimum deposit for a standard account is $1, while the minimum for a Eurica account is $0. These low deposit requirements make the broker accessible to traders of all levels and budgets.
InstaForex Customer Protection
InstaForex takes the safety and security of its clients' funds seriously, and therefore, it holds client funds in segregated accounts. The company also participates in the Financial Commission, which serves as an independent external dispute resolution organization that provides traders with a neutral platform to resolve disputes with brokers.
As a member of the Financial Commission, InstaForex is part of the Compensation Fund, which acts as insurance for clients if the broker fails to comply with a judgment in favor of the client. This fund provides clients up to €20,000 per client, giving them peace of mind and financial protection.
Additionally, the company has implemented advanced security measures, including two-factor authentication and SSL encryption, to ensure their client's personal information and transactions are secure.
Trading Information
InstaForex offers a wide range of trading instruments, including Forex trading (Spot or CFDs), Cryptocurrency (Physical and CFD), U.S. Stock Trading (Non-CFD), and International Stock Trading (Non-CFD).
The broker allows automated (algorithmic) trading strategies and hedging and does not have mandatory stop-loss and take-profit requirements. But, its website does not disclose the total number of tradable symbols.
InstaForex has different types of accounts with varying minimum deposits, ranging from $1 to $1,000. Clients can deposit and withdraw via ACH or SEPA transfers, PayPal, Skrill, Visa/Mastercard (Credit/Debit), Bank Wire, and Crypto. The broker does not provide information on commissions and fees for trading.
InstaForex offers several trading tools, including the InstaForex MobileTrader, which allows clients to manage their accounts and trade on the go. The broker also provides access to the MT4 and MT5 trading platforms, which offer a range of technical analysis tools and indicators.
Tradable Instrument
InstaForex offers a wide range of tradable instruments, including:
50+ Cryptocurrencies
100+ Forex currency pairs
50+ Commodities (metals, energies, agricultural products)
50+ Equity indices
500+ individual stocks
20+ futures contracts
10+ options contracts
Deposit and Withdrawal on InstaForex
Deposits and withdrawals on InstaForex are hassle-free, cost-free, and supported by various payment options.
Deposit
InstaForex provides a variety of deposit options to fund your trading account. You can deposit funds via your Personal area or the InstaForex app to start trading.
However, before making your first deposit, you must complete the verification process by providing the necessary documentation. InstaForex does not accept third-party deposits, which means that the name on the payment method should match the name on the trading account.
All deposits with InstaForex are free. The broker will also compensate you for any commission you pay using your preferred deposit method, regardless of the deposit amount. The minimum deposit amount for most deposit methods is $1 or equivalent in other currencies. But for some deposit methods, such as credit cards, the minimum deposit amount is $50 or €50.
InstaForex provides a wide range of deposit methods, including Visa and Mastercard credit/debit cards, USDT, Bitcoin, Litecoin, Ethereum, ADVcash, Perfect Money, FasaPay, Neteller, and TopChange. The following table provides more information about the deposit methods offered by InstaForex:
Deposit Method | Currency | Minimum Deposit | Processing Time |
Cards (VISA, Mastercard | Any currency | $50/€50 | Instant Availability |
USDT | TRC-20, ERC-20 | $1 | 1 hour |
Bitcoin | BTC | $1 | 1 hour |
Litecoin | LTC | $1 | 1 hour |
Ethereum | ETH | $1 | 1 hour |
ADVcash | USD/EUR | $1 | Instant Availability |
Perfect Money | USD | $1 | Instant Availability |
FasaPay | USD/IDR | $1 | Instant Availability |
Neteller | USD | $1 | Instant Availability |
TopChange | USD | $1 | Instant Availability |
Withdrawal
You can withdraw funds from your InstaForex account via the Personal area or the InstaForex app. Withdrawals are typically processed within 1-3 business days, and InstaForex charges no fees for withdrawals.
Withdrawal Method | Currency | Minimum Withdrawal | Maximum Withdrawal | Processing Time |
Cards (VISA, Mastercard) | Any currency | $1/€1 | $10,000/€10,000 | 1-6 business days |
USDT | TRC-20, ERC-20 | $1/€1 | No limit | 1 hour |
Bitcoin | BTC | $1/€1 | No limit | 1 hour |
Litecoin | LTC | $1/€1 | No limit | 1 hour |
Ethereum | ETH | $1/€1 | No limit | 1 hour |
ADVcash | USD/EUR | $1/€1 | No limit | 1 hour |
Perfect Money | USD | $1/€1 | No limit | 1-hour |
FasaPay | USD/IDR | $1/€1 | No limit | 1-hour |
PayCo | USD | $1/€1 | No limit | 1 hour |
Neteller | USD | $1/€1 | No limit | 1 hour |
TopChange | USD | $1/€1 | No limit | 1 hour |
Trading accounts of Instaforex
- Insta.Standard
- Insta.Eurica
- Cent.Standard
- Cent.Eurica
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 390
CFD's1:20 Amount of assets : 200
Metals1:100
Energy sources1:100
Binary Options |
Stop Out:
| 10 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 1000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 30 % |
Locked Margin level:
| 25 % |
Speed of execution:
| 1.35 sec. |
Commission:
| Not |
Interest rate:
| 13 % per year |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 390
CFD's1:20 Amount of assets : 200
Metals1:100
Energy sources1:100
Binary Options |
Stop Out:
| 10 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 1000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 30 % |
Locked Margin level:
| 25 % |
Speed of execution:
| 1.35 sec. |
Commission:
| 0.03%-0.07% |
Interest rate:
| 13 % per year |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000 CFD's1:20 Amount of assets : 200
Metals1:100
Energy sources1:100
Binary Options |
Stop Out:
| 10 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 30 % |
Locked Margin level:
| 25 % |
Speed of execution:
| 1 sec. |
Commission:
| Not |
Interest rate:
| 13 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, MetaTrader 5, Meta Trader 4 Mobile, MetaTrader 5 Mobile, MetaTrader 4 MultiTerminal |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 390
CFD's1:20 Amount of assets : 200
Metals1:100
Energy sources1:100
Binary Options |
Stop Out:
| 10 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 30 % |
Locked Margin level:
| 25 % |
Speed of execution:
| 1 sec. |
Commission:
| 0.03%-0.07% |
Interest rate:
| 13 % per year |
Phone trading:
| Not |
Monitoring of Instaforex's Insta.Standard account
Instaforex spreads All spreads Instaforex
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Instaforex quotes All quotes Instaforex
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Instaforex swaps All swaps Instaforex
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | -0.9 | -0.79 | 0.11 | -0.12 | -0.11 | -0.08 | -0.07 | -1.15 |
Short | 0.21 | 0.15 | -0.89 | -0.33 | -0.9 | -0.2 | -0.3 | 0.43 |
Contacts of Instaforex
Recent customer reviews of Instaforex
Advantages: MT4 platform works fine no disconnects
Disadvantages: Support...Deposite problem...
Comment: I deposited money with the same card every week to build investment capital. I haven't been able to deposit funds for a week. At the beginning, the page was hanging, the support told me to try again for every failed attempt. Now they are asking if my card is connected to 3DS version2? I paid with this card before, I didn't change anything, suddenly something changed? And today the page does not load at all and the message Internal error of the server appears... Account number is 3748779
Advantages: None, other than their ability to hold your funds
Disadvantages: Poor customer service and no funds received
Comment: I have had to send 4 emails, 2 tech support requests, and enter 3 chats and they still can't tell me where my money has gone. Also, I made 12,000 profit with their no-deposit bonus and they wouldn't allow me to withdraw
Actually, it was 120k AUD and they told me that it would simply reset, unless I deposited the equivalent of the profits into the account...what a scam!
Hello, can you provide us your trading account number so we could check the information about your case.
Advantages: Nice to beginners
Disadvantages: And end up loosing
Comment: I don’t believe insta is still paying or even pays at all, I wish the can return my money, I was restricted for no reason, I contacted their support and submitted my informations but they didn’t allow me into my account, I now made $9,500 weekly from benarmstrong-trades. com and they allow me withdraw that’s was why I stop using instaForex. One other thing I noticed about instaforex is they are very nice to beginners until you make deposit.
Thank you, this was very helpful, after my lost with fxpro benarmstrong-trades got me restored
Instaforex news & press-releases
All news InstaforexAt 4.30 am ET Thursday, UK Markit/CIPS PMI survey data has been released. The pound changed little against its major rivals after the data. The pound was trading at 1.3299 against the greenback, 141.30 against the yen, 1.21 ...
Read moreUK Aug Final Services PMI 58.8 Vs. 56.5 In Jul, Flash 60.1 Source: https://www.instaforex.com...
Read moreUK Aug Final Composite PMI 59.1 Vs. 57.0 In Jul, Flash 60.3 Source: https://www.instaforex.com...
Read moreInstaforex analisis & forecasts
All analysis InstaforexFor Traders Forex Analysis Trading plan 11.11.202120:33 Forex Analysis & Reviews: How to trade EUR/USD on November 12. Simple trading tips for beginners. Lackluster trading on Thursday with USD still retain ...
Read moreFor Traders Forex Analysis Technical analysis 11.11.202123:33 Forex Analysis & Reviews: Short-term technical analysis on EURUSD for November 11, 2021. Relevance up to 22:00 UTC+1 EURUSD yesterday provid ...
Read moreFor Traders Forex Analysis Technical analysis 11.11.202123:25 Forex Analysis & Reviews: Short-term technical analysis on Gold for November 11, 2021. Relevance up to 22:00 2021-11-12 UTC+1 Gold price bro ...
Read moreInstaforex bonuses, contests and promotions
All bonuses, promotions, contests Instaforex
The Great Race contest is a great opportunity to test your trading skills and knowledge and to win a portion of the prize pool worth $55,00! Start: S ...
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Ready for a trading battle? InstaForex’s Sniper Contest is for you! Join other traders in this exciting trading contest, and best them to ...
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It’s time to show your trading skills and beat your fellow traders! Open a demo account with InstaForex and join the Lucky Trader contest to sta ...
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