InstaForex review: InstaForex is a company founded in 2007 with more than 7 million clients from more than 100 countries all over the world. It is one of the most reliable and respected brokerage companies in the industry, which is confirmed by various awards, including “Best Forex Broker in Asia” from International Finance Awards, “Best Broker in Asia” from IAIR Awards and “Best Broker in CIS” from Forex Report Magazine.
One of the main advantages of InstaForex is the wide range of trading accounts that meets the demands of users of all levels, from beginners to experienced traders. The company offers a variety of assets, including currency pairs, indices, cryptocurrencies, stocks, commodities and others. Clients can choose from several account types, including Standard, Eurica, Cent.Standard, Cent.Eurica and others.
InstaForex also offers a wide range of training resources for traders of all levels, including analytical center, economic calendar and other tools. The company is regulated by the Securities and Exchange Commission (CySEC) and has a high level of client protection, including various insurance programs and protection against financial risks.
Trading Terminals:
| 💵 Currency: | USD, EUR |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Kaliningrad, Russia. |
Overall Instaforex Review
Although InstaForex has a limited selection of customer support options, their services are still available in multiple languages, which is convenient for international clients. In addition, the company provides high leverage and a wide variety of markets to trade in. Overall, InstaForex is an attractive choice for those who want to start trading Forex and other instruments with a low minimum deposit and high leverage.
Go to InstaForex website
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Geographic Distribution
Geography of clients (traders) of InstaForex
Top Reviews
Best customer reviews of InstaForex
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
InstaForex is a great broker that offers low spreads, fast order execution and excellent customer support. I have been using their services for several years now and have never had any problems with withdrawals. They also provide a wide range of trading instruments and actively update their selection. I am very satisfied that I chose them as my broker.
Russia
I have no positive or negative impressions. Their services are provided at a good level, but I did not like that their website is a bit confusing and difficult to navigate. They provide a lot of trading tools, but they have some limitations in that aspect.
Ukraine
I did not like that InstaForex has so much advertising and promises, but in reality their services leave much to be desired. I have experienced problems with order execution and slow withdrawals. They also don't provide enough trading tools and their trading conditions are a bit high compared to other brokers.
Germany
Expert Review
Expert Review of InstaForex
InstaForex offers a reliable and secure trading platform that protects customers' personal information and funds. They are regulated by several organizations, including CySEC, FCA, BVI FSC, and they also use SSL encryption to protect customer data. Their security also covers the deposit and withdrawal process, which occurs only through trusted and reliable payment systems. Overall, I recommend InstaForex for those looking for a safe and reliable broker.
Financial expert and analyst at TradersHero.com
Risk Warning! For InstaForex, it's important to note that trading on financial markets carries certain risks, including the risk of losing your invested funds. It's crucial to understand the risks and only trade with funds you can afford to lose. Additionally, the use of leverage can amplify losses as well as gains, so it's important to use it wisely and within your risk tolerance.
Copy Trading
Investment Programs
Copy Trading is a feature offered by InstaForex that allows traders to replicate the trades of other traders in real-time. It is an innovative and convenient tool for beginner and experienced traders alike, as it allows them to benefit from the experience and success of others. With Copy Trading, traders can choose to follow the trading strategies of other traders, with the option to automatically copy their trades onto their own accounts. This means that even if a trader has limited knowledge of the markets or trading experience, they can still potentially profit by copying the trades of successful traders.
ForexCopy is a Forex trading copying service that allows traders to automatically copy trades of other successful traders.
InstaForex Copy Trading platform provides traders with access to a wide range of trading strategies and allows them to choose from a variety of signal providers. Each signal provider has a detailed profile, allowing traders to evaluate their trading performance and success rate before deciding to follow them. Additionally, traders can set their own risk management parameters, such as maximum exposure per trade or maximum drawdown, to ensure that they maintain control of their accounts while still benefiting from the trades of others.
However, it's important to note that there are still risks associated with Copy Trading. While traders can benefit from the success of others, they can also potentially lose money if the traders they follow incur losses. Additionally, the performance of signal providers may fluctuate over time, and past performance is not a guarantee of future results. It's important for traders to carefully evaluate the risk associated with Copy Trading and to use it as a complement to their own trading strategies rather than as a replacement.
Remember, while social trading can offer opportunities for profit, it also involves risks. Past performance does not guarantee future results, and losses are possible. Stay informed, exercise discretion, and make informed decisions based on your own risk appetite and trading objectives.
One of the key advantages of InstaForex Copy Trading is its user-friendly interface. The platform is easy to navigate and provides traders with all the information they need to make informed decisions. Additionally, the platform is available on both desktop and mobile devices, allowing traders to stay connected and monitor their accounts from anywhere at any time.
Best Copy Trading Platforms
Conditions
Trading Conditions for InstaForex Traders
Trading Terminals:
InstaForex offers a wide range of trading instruments to its clients, including Forex, metals, CFDs on stocks and indices, and binary options. The minimum deposit required to start trading is just $1, making it accessible to all types of traders. InstaForex also offers a variety of account types, including the standard account, Eurica account, and the Cent account, which is designed for beginners who want to test their trading skills with small amounts.
Traders can benefit from up to 1:1000 leverage, depending on the account type and instrument. The spread for the standard account is floating from 3 pips, while the Eurica account offers zero spreads, with a fixed commission instead. Traders can also use the ForexCopy system to copy trades of successful traders, and PAMM accounts for investing in the Forex market.
InstaForex also offers a range of bonuses and promotions to its clients, including a 30% welcome bonus, a 55% bonus for every deposit, and a Club bonus of up to 40% for active traders. The broker also provides a variety of trading tools and resources, including daily market analysis, economic calendar, and educational materials for novice traders.
Overall, InstaForex provides favorable trading conditions for traders of all levels, with a low minimum deposit, flexible leverage, and a variety of trading instruments and account types. The broker's bonuses and promotions, along with its trading tools and resources, make it an attractive option for traders looking to maximize their trading potential.
| 💵 Currency | USD, EUR |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, bank transfers, electronic payments (Skrill, Neteller, Bitcoin) |
| 🏦 Broker Type: | ECN, Market Maker |
| 📞 Customer Service | Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Kaliningrad, Russia. |
Risk Warning
Comparison
Comparison of InstaForex with other FOREX Brokers
MT5
Broker comparison table of trading instruments
Commissions
InstaForex Accounts, Commissions & Fees
InstaForex offers a variety of account types to suit different trading needs, including Cent, Standard, ECN, and Islamic accounts. The minimum deposit requirement varies depending on the account type, ranging from $1 for the Cent account to $1,000 for the ECN account.
Commissions and fees vary depending on the account type and trading instrument. Spreads on major currency pairs for the Standard account start from 3 pips, while ECN account spreads start from 0 pips with a commission of $3.5 per lot.
There are no fees for deposits or withdrawals, and a variety of payment methods are available, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller.
| Account type | Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica |
|---|---|---|---|---|
| Minimum Deposit | $1 USD | $1 USD | $1 USD | $1 USD |
| Max Deposit | Unlimited | Unlimited | $1000 USD | $1000 USD |
| Spreads | 3 – 7 Pips | 0 Pips | 3 – 7 Pips | 0 Pips |
| Fees | None | 0.03 – 0.07 % | None | 0.03 – 0.07 % |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
| Margin Call / Stop Out | 30% / 10% | 30% / 10% | 30% / 10% | 30% / 10% |
Based on the analysis of InstaForex's account options, it is evident that the broker provides a range of account types suitable for various trading strategies and budgets. The commission and fees charged by the broker are relatively low and transparent, making them an attractive choice for traders looking to minimize their trading costs. Additionally, the lack of deposit and withdrawal fees is also a positive aspect of trading with InstaForex. However, the limited range of payment options may be a drawback for some traders. Overall, InstaForex's account options and commission structure make it a competitive choice for traders looking for a cost-effective trading experience.
Risk Warning
Final review
Detailed review of InstaForex
InstaForex is a well-established Forex broker that offers traders access to a wide range of trading instruments, including Forex, stocks, commodities, and cryptocurrencies. They offer several different account types, including standard and ECN accounts, and have a range of trading platforms to choose from, including the popular MetaTrader 4 and 5 platforms.
For those new to forex trading, InstaForex is a top choice for a broker.
InstaForex also offers a range of educational resources and tools to help traders improve their skills and knowledge, including webinars, video tutorials, and market analysis. They also have a social trading platform, ForexCopy, which allows traders to copy the trades of successful traders.
While InstaForex offers competitive trading conditions, including low spreads and commissions, their customer support could be improved. Additionally, some traders have reported issues with the withdrawal process, which may be a concern for some traders.
Overall, InstaForex is a good choice for traders looking for a wide range of trading instruments and competitive trading conditions, but may not be the best option for those looking for top-notch customer support or a seamless withdrawal process.
Advantages:
InstaForex Regulator
The Dubai Financial Services Authority (DFSA)
The Dubai Financial Services Authority (DFSA) is a regulatory body that oversees financial services companies in Dubai. InstaForex is registered with the DFSA, which means that the company must comply with their rules and regulations. This helps to ensure that InstaForex operates in a transparent and fair manner, and that their clients are protected from fraudulent activities.
Regulator website: The Dubai Financial Services Authority (DFSA)
The Cyprus Securities and Exchange Commission (CySEC)
The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus. As a regulated broker under CySEC, InstaForex must comply with strict regulations, such as segregation of client funds and negative balance protection. This helps to protect clients from fraud and ensures that InstaForex operates in a fair and transparent manner.
Website: The Cyprus Securities and Exchange Commission (CySEC)
The Financial Services Commission (IFSC)
The Financial Services Commission (IFSC) is the regulatory body for financial services in Belize. InstaForex is registered with the IFSC, which means that they are required to comply with their rules and regulations. This helps to ensure that InstaForex operates in a transparent and fair manner, and that their clients are protected from fraudulent activities.
Risk Warning
Promotions
Bonuses Paid by the InstaForex
instaforex offers many different bonus programs for users, here are some of them:
Welcome Bonus
A bonus of up to 30% on the first deposit made by a new client.
Club Bonus
A bonus of up to 40% on every deposit made by the client.
Chancy Deposit
A weekly lottery that offers a chance to win $8,000 with a deposit of $3,000 or more.
Education
Review of the InstaForex Education Program
The InstaForex Education Program is designed to provide traders with the necessary knowledge and skills to become successful in the Forex market. The program includes a variety of resources, such as webinars, seminars, educational videos, and a Forex library. These resources cover a wide range of topics, from basic concepts to advanced trading strategies.
Tools for dividing learning into multiple categories:
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Rating and Comments
InstaForex Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Their platform is user-friendly and their customer service team is always responsive and helpful. I appreciate that they offer a variety of account types to suit different trading styles and their educational program is top-notch.
I had a terrible experience with InstaForex. Their customer service is slow and unresponsive, and their platform is very glitchy. I had trouble making trades and ended up losing money because of it.
When it comes to safety and security, InstaForex is a top choice. They are regulated by several reputable agencies, including the IFSC and CySEC. Their platform is reliable and easy to use, and they offer a wide range of trading instruments. Their educational program is also impressive, with resources for traders of all levels. Overall, I would recommend InstaForex to anyone looking for a trustworthy and reliable broker.
While their platform is easy to use, their customer service can be slow at times. I’ve also found their spreads to be higher than some other brokers. However, they do offer a wide range of trading instruments and have a good educational program.