3 5 Reviews
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InstaForex Review Summary

This brokerage was founded in 2007 and offers direct entry to the marketplace.  They are primarily located in Russia and have over 250 offices around the globe.
They also provide ECN trading through a scope of trading tools, like 107 currency pairs, derivatives of 34 US CFDs and futures, binary options, metals... The company frequently updates the trading list, making their customers one of the first to exchange Bitcoin and CFDs on Facebook and Twitter.

InstaForex Review Highlights

Trading Platform: MetaTrader4, MetaTrader5, WebTrader, Mobile Trader
Cryptocurrencies Yes
Regulator CySec
Minimum Initial Deposit €1 to €1000 (Account choice dependent)
Leverage 1:1000

Pros & Cons

Pros
  • Various account forms and a free trial on offer
  • MT4 available
  • Tutorials available
  • Wide variety of trades on offer
Cons
  • No proprietary framework, so the end result is less polished
  • Lack of sufficient  plugins for MT4 means that you have a simple experience
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The broker aims to offer a vast scope of fair service. InstaForex successfully gives users good support, learning opportunities, an individual method for trade, good terms for trade and tech solutions.

Awards

The brokerage also frequently acts as a sponsor to big names such as the Liverpool club, Dakar Rally, etc.

Is this broker legit?

The company is regulated in multiple ways and areas, so this warrants the following of various regulations. Instant Trading EU Ltd is overseen by CySEC for Cyprus which gives it a green light to cater to European clients.

There are some branches in offshore areas, too, in the British Virgin Islands (FSC) and Saint Vincent and the Grenadines. This would otherwise be shady, but seeing that an European regulator is also in the game – we render the broker safe.

Moreover, your money is kept in separate accounts from other traders and the company itself, and in case something goes awry, you are protected.

Platforms for Trading

The execution is exquisite – it’s fast thanks to ten servers for trading equipped with tech security at the level of the bank, along with a number of opportunities for investing and for trades.

Web Platform

Naturally, MetaTrader4 and MetaTrader5 are on offer, as the most renown names in the industry. They come with Multiterminal and are compatible with all deices. Moreover, this broker was one of the first to offer MetaTrader5 to users.

The web platform can be accessed easily through all internet browsers, while you might still consider the desktop platform if you want to conduct analysis and use tools for drawing.

Opportunities for Trades

For those who use options, INSTABINARY and WEBIFX are offered as programs that lets them handle options much more easily.

Accounts

The ordinary account is set to MT4 and the leverage is 1:200 or 1:30 if you are European. There is also the USA2 server on offer and the dollar as the primary currency.

All of this still depends on your area and the jurisdiction, so always doublecheck the conditions.

FX Competitions

The company also has a number of promos and competitions that offer great chances and awards. A client may get price trading via a trial account if they enter a competition and get real cash for a live account.

Charges

They have lots of floating spreads on offer – this depends on the tech the client utilizes. Moreover, the client can utilize spread or commission basis depending on the preferences they choose via the account area.

Bear in mind the overnight charge or rollover charge – this amounts to -1.15 for short positions on EURUSD and 0.3 for long positions (held over 24h).

Leverage

Clients will have fixed or floating leverage to run with and that may heighten their profits because it can multiply the initial account equity a number of times. But be careful with it, since it also heightens risks.

The leverage depends on multiple measures, first and foremost on regulations in the area you live in.

High leverage rates are offered to international clients – 1:400, 1:500 and 1:1000.

For Europeans and those trading via an entity from Europe – ESMA allows lower leverage, a maximum of 1:30 on FX instruments and 1:25 on spot metals.

Ways to Deposit Funds

You can deposit money via a number of methods, such as: PayCo, ePayments, Bitcoin, POLi, giropay, SoFort, Trustly.

Min. Deposit

There isn’t a min. deposit, so you can begin with investing a dollar even. Check the instrument you want to trade, because assets need various margins covered,

Withdrawals

The same goes for withdrawals as for the deposits. The company takes care of all charges, but some charges may be incurred because of the laws of your nation of residence.

Final Word

The brokerage follows all necessary rules and laws. They have grown a lot, especially when it comes to tech, tools for trade and the whole offer package.

The firm has circa seven million users who rely on it. One of the reasons they are liked so much are the Binary options and digital currency trading via MT4 and MT5.

Traders of all levels can find something suitable at this company, thanks to PAMM and ForexCopy which provide copy trading and investing. This also saves time!

Official InstaForex Registration

Founded: 2007
Broker Type: ECN
Languages Supported: EN, ES, ZH, PT, RU, FR
Trading Instruments: Currency pairs, CFDs on commodities, indices, stoc
Account Types: Five types of account
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: Yes
Inactivity Fee: N\A
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: N\A
Trading Fees: Yes
Withdrawal Fees: Yes
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InstaForex Reviews

5 Reviews for InstaForex

  • Thomas says:

    Best broker in Canada. Reasonable rates for all their services. TWS platform could be modernized but other than that it’s a great product all around.

  • ZigZag says:

    The site is very easy to use (though many people confuse “sell” orders with cancelling a buy), but the fees are pretty high and it sometimes lags a lot. They say it’s because they had a great influx of new users, which might be true. Withdrawing was a bit painful since I wanted to wire to a US account (that I own, even if not an US citizen) and they asked for some papers since they do not do business in the US.

  • Mark Funk says:

    No customer support at all.
    InstaForex only thinks about themselves and not there long term and dedicated customers.
    There spread is bigger then other brokers and on the top there $25 withrough fee is ridiculous.

  • Adam Yannakakis says:

    Good UI but the spread and withdrawal fee sort of let it down.

  • Simon says:

    Withdrawal fees very high, $25 per withdrawal
    Customer service is non existent ,I have an outstanding query from Friday with no reply.

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