Instaforex Review

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:

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.