InstaForex – Forex Broker review

InstaForex review and Rating
InstaForex review

Name: InstaForex review

Description: InstaForex is operating from the last 11 years with a massive pack of choices and features. They offer leverages from 1:1 to 1:1000. Traders have a great opportunity of account, including a demo account from InstaForex. They also do promotional sponsorship for many activities.

68%
68 of 100 1 review
  • Support - 60%
    60%
  • Platform - 60%
    60%
  • Insights - 90%
    90%
  • Leverage - 70%
    70%
  • Commission - 60%
    60%

Summary

As a well-established forex trading platform, the benefits of trying InstaForex are numerous. Different account types offered to suit all kinds of traders, and the platform also offers a free demo to ensure you can get to grips with the system and try before you buy. Although, the Instaforex default MetaTrader platform provided with no premium features. Finally, there is a lack of strict regulation for this broker. InstaForex has yet to receive reputable operating licenses in Europe. Read InstaForex forex broker review, Rating, and detailed information for their services below.

Sending
User Review
4 (1 vote)
Comments Rating 0 (0 reviews)

Pros

  • Large Choice of Assets
  • Demo Account
  • High Leverage
  • Sponsored in the sports activity

Cons

  • Only MetaTrader 4 platform
  • Not very strict regulation

InstaForex founded in 2007 by InstaTrade Corporation in Kaliningrad, Russia. They currently serve over 7 million traders and claims to gain more than 1000 new clients every day.

InstaForex offers 107 currency pairs with 88 CFDs. Most noteworthy, they actively involve marketing sponsorship in the world of sports. They also started a beauty contest from 2017 named “Miss Insta Asia.” InstaForex announced the price amount of $20,000 for the first contestant.

Regulation

Russian Association of Financial Markets (RAFMM) is regulated InstaForex. Furthermore, it is regulated by below regulatory boards.

  • 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

Awards

InstaForex won the following awards for its product offerings and services.

  • The Best Broker in Asia at the prestigious World Finance Awards
  • CNBC Business Magazine and the European CEO (The Best Retail Broker Award)
  • Best Social Trading Broker 2016 by UK Forex Awards
  • Most Innovative Forex Brand in Asia 2015 by GBM Awards
  • Best Broker Asia 2015 by Capital Finance International
  • Best Forex Broker in Asia 2016 by IAIR Awards

Trading Platforms

InstaForex is a MetaTrader4-only broker. They provide the MetaTrader 4 (MT4) platform developed by MetaQuotes Software to its clients for efficient and reliable trading experience. MetaTrader 4 trading platform is one of the most popular trading platforms in the world, and the majority of traders love it. InstaTrader MetaTrader platform comes with only the default functionality. As a result, no third-party tool is available on that.

They also provide a Mobile trading app onto the smartphone, and this is called InstaForex MobileTrader. The app is free and can download from Google PlayStore and Apple App Store.

Commissions & Spreads

Insta.Eurica accounts charge a commission for trades, which varies between 0.03% – 0.07%. The spreads at InstaForex are in the form of floating spreads. Spreads for the Standard accounts floating between three and seven pips depending on the pair. Furthermore, the minimum deposit for any Insta account is very less. Insta.Standard and Insta.Africa requires a minimum deposit of 1 USD only.

Payment options

InstaForex Supports credit cards, bank wire, InstaForex debit card, Skrill, MoneyBookers, Neteller, and a host of other online payment plans for deposits and withdrawal. Withdrawals also imitated through the same methods used for depositing the funds. Bitcoins can use without any fee.

InstaForex also has an InstaForex Benecard debit card, which allows withdrawing funds from InstaForex accounts all over the world.
InstaForex Currency converter and chart

Support

Customer support at InstaForex is available 24/7. Hence there are several ways in which you can get in touch with the support team, such as email, telephone, and live chat. Their technical support number is +442037699181.

InstaForex Detail Information

Company InstaForex
Founded in 2007
Online since 2008
Offices in Russian Federation
Payment options Bitcoin, CashU, Credit/debit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, Wire transfer
Demo platforms MetaTrader 4, MetaTrader 5r
Account currencies Euro, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/CZK AUD/DKK
AUD/HKD AUD/HUF
AUD/JPY AUD/MXN
AUD/NOK AUD/NZD
AUD/PLN AUD/SEK
AUD/SGD AUD/USD
AUD/ZAR CAD/CHF
CAD/CZK CAD/DKK
CAD/HKD CAD/HUF
CAD/JPY CAD/MXN
CAD/NOK CAD/PLN
CAD/SEK CAD/SGD
CAD/ZAR CHF/CZK
CHF/DKK CHF/HKD
CHF/HUF CHF/JPY
CHF/MXN CHF/NOK
CHF/PLN CHF/SEK
CHF/SGD CHF/ZAR
CZK/JPY DKK/JPY
EUR/AUD EUR/CAD
EUR/CHF EUR/CZK
EUR/DKK EUR/GBP
EUR/HKD EUR/HUF
EUR/JPY EUR/MXN
EUR/NOK EUR/NZD
EUR/PLN EUR/SEK
EUR/SGD EUR/USD
EUR/ZAR GBP/AUD
GBP/CAD GBP/CHF
GBP/CZK GBP/DKK
GBP/HKD GBP/HUF
GBP/JPY GBP/MXN
GBP/NOK GBP/NZD
GBP/PLN GBP/SEK
GBP/SGD GBP/USD
GBP/ZAR HKD/JPY
HUF/JPY MXN/JPY
NOK/JPY NZD/CAD
NZD/CHF NZD/CZK
NZD/DKK NZD/HKD
NZD/HUF NZD/JPY
NZD/MXN NZD/NOK
NZD/PLN NZD/SEK
NZD/SGD NZD/USD
NZD/ZAR SEK/JPY
SGD/JPY USD/CAD
USD/CHF USD/CZK
USD/DKK USD/HKD
USD/HUF USD/JPY
USD/MXN USD/NOK
USD/PLN USD/SEK
USD/SGD USD/ZAR
ZAR/JPY
Regulated by RAFMM
Website available in Arabic, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turkish, Ukrainian, Urdu, Vietnamese
Support available in Arabic, English, Indonesian, Malay, Russian
Support methods Email, Forum, Live chat, Office, Phone, Skype
Trading server time zone GMT+3
VPS for traders Free for deposits higher than $5,000.

InstaForex Features

  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading

Account Types

  • Insta.Standard Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Insta.Eurica Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Cent.Standard Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Cent.Eurica Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading

Facts About InstaForex

  • InstaForex has over 250 offices located all around the world.
  • They offer their services in 27 different languages.
  • The professional analysts of InstaForex Company prepare the daily market analysis section.
  • InstaForex PAMM system allows traders to invest in Forex projects.
  • When cutomers deposit funds in their InstaForex account, get a 50% bonus immediately.
  • Finally, every client holding InstaForex Club Card is eligible for a Club Bonus starting at 1% for deposits of $500 and going up to 10% for $15,000.
Spread the love
 

Related Articles

9 thoughts on “InstaForex – Forex Broker review”

  1. If I am to describe Instaforex, I would say that it is beginner-friendly. First of all, they have very low initial deposit minimum. In fact, for only a dollar, anyone can already start an account. But I recommend putting in at least 50usd. This is a good starter for newbies. That’s how I started as well. Back then, I had small but steady profits. Their educational material also helped me a lot especially their videos. I also rely on their economic analyses. As of now, I have been trading with Instaforex for more than 4 years already, constantly withdrawing and replenishing my account. So far, I already withdrew a good amount of money (around 2000usd).

    Reply
  2. I am a trader at Instaforex and I have been with them since 2016. Things have been going smoothly so far and I am really happy with my trading experience. First of all, I don’t have much issues in my trading activities because this broker provides a very stable platform. And in rare cases that there is a problem, the customer support addresses it right away. Withdrawal system is efficient and is always completed within the estimated time frame.

    Reply
    • Thank you for the appreciation. we will do our best service to make it more better. 🙂

      Reply
  3. Instaforex Platform is profitable to me so far, I have a mini account with $750 so far, while I get $500 startup bonus. Till now my the execution of their platform is well without any delay or requotes and their best terms is fixed spread in the market, so I can minimize my risk and run an EA properly on the platform, Also I have found some great tools and mobile app which is good for forex trade. I am satisfied with Instaforex.

    Reply
    • Our company offers the most utmost opportunities for our customers like you. It is our pleasure that you are one of our clients. May you have a wonderful day and goodluck on your trade 🙂

      Reply
  4. This is Gertrude, one of the official representative of InstaForex.In behalf of InstaForex, we would like to thank you for giving us a very satisfactory rate. We will continue to provide an excellent service, have a good day 🙂

    Reply
  5. I have satisfied with the InstaTrader platforms at Home quarantine period, As I can to all of my tradings via this android mobile app easily from anywhere. Also, I can analyze any currency pair and set SL or TP on the platform too. My all positions opened instantly and it helps me to enter the right position and to earn a regular profit. I preferred to trade with a fixed spread on EUR/USD pair. Here I can follow their expert’s analysis too. So I can be managed my account 24 hours. their payment isn’t a problem during COVID 19, because I can withdrawal my profit through digital cash payment by their local representative within a day. So I want to thanks the Instaforex broker for this kind of service.

    Reply
    • Thank you for the appreciation. We will do our best service to make it more better, If you have problem with your account, please contact the support service by one of these two emails [email protected] or [email protected], providing your account number so they can assist you regarding your problem. Thank you and have a good day!

      Reply

Leave a Reply

%d bloggers like this:

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.

blank