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InstaForex - Broker Review and Trader Feedback

regulation
Regulated by FCA (Licence Nr. 728735)
region
Accepts traders from
United Kingdom
rating
4.4
/ 5
Rating: 5
Reviews: 1
bonus
Free educational materials
Register within 10:00 minutes and receive a gift
One of the most important things you can do as a trader is to choose an online trading brokerage that is right for you. However, how does one go about choosing a brokerage to deal with? There are so many options out there as the market is saturated with online trading brokerages. But the problem is, some of these brokerages cannot be trusted and may be fraudulent. Therefore, you must be very careful and research diligently when making a decision like this. Thankfully for you, we want to make your decision easier by shining light on the online trading broker known as InstaForex. So, join us in the following review, where we’ll delve deep into all aspects that make up this online trading brokerage and see what sets InstaForex apart from the competition and whether they can be trusted or not. Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
more than 48
up to -%
$10
$1
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
+442037699181
yes
Tradable assets:
more than 48
Option profitability:
up to -%
Minimum deposit:
$10
Minimum trade amount:
$1
Demo account:
yes
Online registration:
yes
Call support:
+442037699181
Chat with support:
yes
Deposits and Withdrawals
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Review of InstaForex
Broker rating: 3.8 / 5

1. General information

InstaForex is a very successful brokerage company who has been dominating online trading across global markets since their establishment in 2007. The brokerage currently serves over 7 million traders and claims to gain more than 1000 new clients each and every day. InstaForex provides their clients with the ability to participate in the most lucrative global markets including Forex and CFDs on Futures, Commodities, Stocks, Indices, and Cryptocurrencies.

The brokerage is owned and operated by InstaForex Group Ltd. which is a Russian company with their headquarters located in Kaliningrad, the Russian Federation. Though the brokerage is based out of Russia, they have over 250 offices located all around the world and offer their services in 27 different languages. As InstaForex is a Russian trading broker they are regulated by the Russian Association of Financial Markets (RAFMM), but also fall under the jurisdictions of other regulatory authorities because of their international nature. See the other regulatory agencies who regulate InstaForex below.

  • Cyprus Securities and Exchange Commission (CYSEC), License number 266/15
  • Financial Conduct Authority (FCA) in the UK, Reference number 728735
  • British Virgin Islands Financial Services (BVIFS), License Number SIBA/L/14/1082
  • Financial Services Authority (FSC) Saint Vincent, Reg. Number IBC22945

Clearly InstaForex is a highly regulated broker and can be trusted to provide safe, secure and fair online trading services. In addition to this, InstaForex has been awarded over 35 awards for numerous things. Some of their most prominent rewards include; Best Broker in Asia & Eastern Europe, Best Retail Forex Broker, Best Broker in CIS, and many others.

2. Advantages and Disadvantages

Favorable Trading Conditions: Traders can trade with leverage from 1:1 to 1:1000. Also, traders can choose whether they wish to trade with fixed, variable, or no spreads at all, there is a system that suites every individual trader’s needs

Exciting Trading Experience: Traders have access to a VIP affiliate program, a ForexCopy system, and numerous
promotions, contests and bonuses.

Regulated in multiple jurisdictions: InstaForex is regulated by the Russian Association of Financial Markets (RAFMM), Cyprus Securities and Exchange Commission (CYSEC), the Financial Conduct Authority (FCA) in the UK, the British Virgin Islands Financial Services (BVIFS), and the Financial Services Authority (FSC) Saint Vincent, Reg.

Excellent selection of trading platforms: Traders can trade on the MetaTrader 4 (MT4) platform, the MetaTrader 5 (MT5) platform, the MT4 WebTrader platform, and the Multiterminal trading platform.

Somewhat limited demographic: InstaForex is more geared towards beginner traders rather than experienced veterans. This is evident in the educational centre and general material found on the website.

3. Trading Conditions

InstaForex meets the standards and needs of the most sophisticated traders by offering desirable trading conditions. For instance, InstaForex offers trading with the use of leverage from 1:1 all the way up to 1:1000. Also, traders can execute orders faster than ever as the brokers servers run on the most technologically advanced software enabling lightening fast execution speeds for the best possible prices. Also, to accommodate the needs of different types of traders, InstaForex gives them the option to choose their account type. For instance, traders can choose to open up an account with commission free trading with classic spreads, accounts with commission instead of spreads, cent accounts, segregated accounts, or Islamic accounts. Regardless of the type of trader you are, chances are InstaForex has favorable trading conditions for you.

4. Trading Platform

InstaForex provides their clients with a variety of sophisticated trading platforms to choose from. For instance, traders can trade on the MetaTrader 4 (MT4) platform, the MetaTrader 5 (MT5) platform, the MT4 WebTrader platform, and the Multiterminal trading platform.

This wide selection of trading platforms is offered to accommodate nearly every type of traders needs. All the platforms are very high performing and each feature something different. For instance, the MT4 trading platform is the most popular trading platform in the world and is loved among the majority of traders. The MT5 trading platform is very similar to the MT4 platform but offers even more features tools and features for advanced technical analysis and order placement. The MT4 WebTrader platform is basically the same as the desktop version, except for some features are not included. The Multiterminal trading platform is meant for traders or account managers who manage accounts for multiple clients.

All in all, the trading platforms offered by InstaForex are of excellent quality and adhere to nearly every type of traders needs. It’s not often that we see a brokerage with the sheer amount of choice in trading platforms as InstaForex.

5. Mobile Trading

The mobile trading platform offered by InstaForex is available for download from the Apple App Store and the Google Play Store and features the majority of the tools and features available on the desktop platforms. However, the mobile platform is not an MT4 trading platform but rather InstaForex’s very own proprietary trading platform called InstaForex MobileTrader. Once the application is installed on your mobile device, you can directly manage your account and trade currencies, and CFDs on stocks, commodities, and metals. The application is designed with convenience in mind and allows for traders to make trades and manage their portfolio while on the go.

6. Demo Account

Unlike some online trading brokerages, InstaForex offers traders the opportunity to open up a fully functional risk-free demo account with the MetaTrader 4 (MT4) trading platform. With this demo account, traders can practice trading 107 currency pairs, 34 US stocks, futures contracts, commodities, indices, and many others. This demo account option is highly recommended for people who have never traded forex before or for people who are not familiar with the MetaTrader 4 platform.

7. Account Types

InstaForex is truly dedicated to accommodating every type of trader and achieves this through offering 3 different account types. Each account type offers something slightly different which applies to specific traders. See the account types overviewed below.

Insta Standard Trading Account

This account type is the standard account type for most every type of trader and features fixed spread rates with zero commission trading. Traders using this account can trade with Micro Forex (minimum deposit of $1-$10), Mini Forex (minimum deposit of $100), and Standard Forex (minimum deposit of $1000).

Insta Eurica Trading Account

This account type does not utilize spreads on trades, but rather commissions. Therefore, this account may be more suitable for beginner traders as they do not have to worry about the spread. Other than that, the account has all the same features as the standard account.

Cent Standard & Cent Eurica Trading Accounts

These accounts are specifically meant for beginner traders as they allow traders to trade with the smallest amount of volume possible. This account suites traders who want to test trading strategies and get a feel for trading.

8. Opening an Account

Opening an account with InstaForex is simple, fast, and easy. All a trader must do is provide their name, email address, and telephone number. They will then be emailed further instructions to complete the registration of their account. The minimum deposit to open an account is only $1 for all types of accounts, and this is very low compared with most other online trading brokerages. To gain access to all the tools and features InstaForex has to offer, traders must verify their accounts. Until a users account is verified, they only have access to 60% of the opportunities InstaForex presents.

9. Funds Withdrawal

Withdrawals are quite simple with InstaForex and can be done via a variety of payment methods. All withdrawals are processed on Monday to Friday from 10am – 7pm and traders must fill out and submit a withdrawal request form within this time period. The available methods of withdrawal are extensive and include; Money Transfer to Bank Card, Bank Wire Transfer, ePayments, MegaTransfer, PayCo Transfer, Bitcoin withdrawals, Litecoin withdrawals, Skrill, Neteller, Solidtrust Transfer, China Union Pay, PaySec, Paxum Transfer, and BPay.

10. Trader Training

InstaForex provides traders with an extensive array of educational material and resources. The brokerage caters towards beginner traders and does everything they can to help the succeed. The educational and training materials available to InstaForex clients are informational articles, videos, guides, tutorials, a glossary, video interviews, market news and courses on how to trade and invest various financial instruments. While most of the educational material is for beginner traders, some of it is for experienced traders as well to help them develop their skills. All in all, the educational and training material provided by InstaForex does not disappoint.

11. Should I Trade with InstaForex?

InstaForex is an amazing online trading brokerage for nearly every type of trader. So yes, we believe that everybody should give InstaForex a try. The brokerage offers an extensive range of tradeable assets and numerous trading platforms to choose from. As well, InstaForex has various account types to suit your trading needs and favorable commissions and spreads. When choosing to trade with InstaForex, you can’t go wrong.

Reviews on InstaForex

Comments about InstaForex
( 1 )
User rating: 4.4 / 5

1 comment:

  1. avatar
    Roth
    10/09/2018

    Normal trading Expertise for stable earnings, at first I wanted to check whether or not, but as everything turned out reliably, now I’m only working with them

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