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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.5
/ 5

Instaforex review

By azeshan
Updated on Aug 30, 2024
|
15 mins read

Overview

InstaForex is a global online broker that has been a player in the forex and CFD trading space since 2007. Their name is well-recognized and they have earned...
See full overview for Instaforex
Countries
+223
Devices
Max insured
No
Our Verdict
4.5
/ 5
Commissions & Fees
4.5
/ 5
Deposit & Withdrawal
4.7
/ 5
Customer Support
4.6
/ 5
Account Opening
4.9
/ 5
Regulation & Safety
3.8
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Wide Range of Trading Instruments

  • High Leverage Options

  • Low Minimum Deposit

  • Multiple Account Types

Cons

  • Not Regulated by Top-Tier Authorities

  • Mixed User Reviews

  • High Spreads on Some Account Types

  • Potential Withdrawal Issues Reported by Some Users

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
Cent accounts
Swap free accounts
Segregated accounts
Execution Model
NDD
ECN
Deposit currency
USD
EUR
RUB
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Bulgarian
Georgian
Indonesian
Kazakh
Malay
German
Russian
Uzbek
Ukrainian
Autotrading
ForexCopy System MT4 EA MT5 EA PAMM
Contact details

Customer reviews

Read real reviews from traders all over the world:

P
Piotr Kucharski
25 May 2023
Advantages: MT4 platform works fine no disconnects
Disadvantages: Support...Deposite problem...
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
T
Transhuman Mercury
31 March 2023
Advantages: None, other than their ability to hold your funds
Disadvantages: Poor customer service and no funds received
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
See all 69 customers reviews

Accounts

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.
Cent.Eurica - Instaforex
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
USD
EUR
RUB
Trading instruments
1:20
1:100
1:100
Stop Out
10%
Minimum position size
0.1 units
Maximum position size
10000 units
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
30%
Locked Margin Level
25%
Commission
0.03%-0.07%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Cent.Standard Account - Instaforex
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
EUR
USD
RUB
Trading instruments
1:20
1:100
1:100
Stop Out
10%
Minimum position size
0.1 units
Maximum position size
10000 units
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
30%
Locked Margin Level
25%
Commission
Not
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Insta.Standard - Instaforex
Swap-free account
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 5 Mobile MetaTrader 4 MultiTerminal
Deposit currency
EUR
USD
RUB
Trading instruments
Forex
1:1000
Number of currency pairs: 54
ARS
DKK
AUD
BGN
CAD
CHF
CZK
EUR
GBP
HKD
HUF
ILS
JPY
MXN
NOK
NZD
PLN
SEK
SGD
THB
TRY
USD
ZAR
BBD
RON
RUB
CLP
AED
BHD
INR
IQD
ISK
JOD
KWD
LBP
OMR
HRK
UAH
BRL
CNY
DZD
EGP
IDR
IRR
KRW
LYD
MAD
MYR
PHP
QAR
SAR
SYP
TND
TWD
1:20
1:100
1:100
Binary Options
Stop Out
10%
Minimum position size
0.01 units
Maximum position size
1000 units
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
30%
Locked Margin Level
25%
Commission
NO
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on InstaForex trading platforms include:

Cryptocurrencies
50
Currencies
100
Commodities
50
Indices
50
Stocks
500
Futures
20
Options
10

Frequently asked questions

Find the right answer to your question below.

Is InstaForex a reliable broker?

InstaForex has been around a long time and has a reputation for reliability. However, they’re not as highly regulated as their main competitors, which brings to mind questions of continual reliability and security. The FSC regulates InstaForex. However, its reputation for security would be stronger if regulated by top-tier authorities, such as FCA and ASIC. For more information on InstaForex regulations, click here.

What are InstaForex's minimum deposit requirements?

InstaForex is a rare breed in the forex trading world. They offer the lowest possible minimum deposit amount of only $1. While the minimum is low, some InstaForex accounts have a maximum deposit amount. This includes the Cent accounts that cap out at a $1000 max deposit. There currently isn’t a maximum deposit on other account types.

Does InstaForex offer a demo account?

Yes, InstaForex offers a demo account. Demo accounts are free and provide the opportunity to test drive the platforms and trade without risk. Demo accounts are a great tool for those who are new to trading to get some practice in before going live. However, even experienced traders can benefit from a demo account and exploring all of InstaForex’s features before depositing funds. 

Having said that, experienced and serious traders get the most out of InstaForex with a no-deposit bonus account. That’s because a no-deposit bonus account with InstaForex allows you to start trading with real money – without risking your own capital. To start, sign up here. Once your account is verified, you’ll receive a bonus to trade on the InstaForex platform and you get to withdraw the profits with limited restrictions.

What leverage does InstaForex offer?

InstaForex offers great leverage options that go all the way up to 1:1000. This type of leverage provides the opportunity to really maximize profit potential, especially for experienced traders. However, keep in mind that leverage doesn’t always work out in the trader’s favor. Each time you take advantage of high leverage, the risk of loss is as great as the chance of gain. It’s important to keep risk management in mind when utilizing leverage.

How does InstaForex compare to other forex brokers?

Like every online broker, InstaForex has its strengths and weaknesses. InstaForex is great for its diverse range of trading instruments, high-leverage options, and low minimum deposits. They cater to every level of trader, however, offer features that make them especially well-suited for beginners. Where InstaForex lags behind is in its customer support, regulatory standing (excluding the EU where regulatory standing is considered stronger), and high spreads.

Instaforex compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

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  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
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    / 5
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Alfa-Forex
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  • Specialized trading accounts
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  • CBR
  • Yes
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Alpari
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  • Free VPS hosting
  • 24/7 instant money withdrawal
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    / 5
  • 4.5
    / 5
  • $5
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  • 4.5
    / 5
  • $0
  • $0
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    / 5
  • No
  • No
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RoboForex
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.9
    / 5
  • 5
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • 1%
  • $0
  • 4.9
    / 5
  • No
  • Yes
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ACY.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4
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  • 50$
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  • $0
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  • 4.2
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  • ASIC
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