InstaForex Review Summary
InstaForex Review Highlights
Pros & Cons
- Various account forms and a free trial on offer
- MT4 available
- Tutorials available
- Wide variety of trades on offer
- No proprietary framework, so the end result is less polished
- Lack of sufficient plugins for MT4 means that you have a simple experience
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.
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.
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.
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.
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.
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).
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.
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,
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.
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
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.