InstaForex – Forex Broker review

InstaForex – Forex Broker review
3.3 (65%) 4 votes

Read InstaForex forex broker review, rating and detail information for their services below. 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 each and every day.

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

Regulation

InstaForex is regulated by the Russian Association of Financial Markets (RAFMM). 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 MetaTrader 4 (MT4) platform developed by MetaQuotes Software to its clients for an efficient and reliable trading experience. MetaTrader 4 trading platform is one of the most popular trading platform in the world and is loved among the majority of traders. InstaTrader MetaTrader platform comes with only the default functionality. As a result, no third-party tool is available on that.

They also provide Mobile trading app onto the smartphone. This is called InstaForex MobileTrader. The app is free and can be downloaded 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, minimum deposit for any Insta account is very less. Insta.Standard and Insta.Eurica require 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 are also imitated through the same methods used for depositing the funds. Bitcoins can be deposited without any fee.

InstaForex also has 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 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 greater 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 have over 250 offices located all around the world.
  • They offers their services in 27 different languages.
  • The daily market analysis section is prepared by the professional analysts of InstaForex Company.
  • InstaForex PAMM system gives traders an opportunity to invest in Forex projects.
  • A 55% bonus for every deposit made by InstaForex customers who deposit funds to their accounts.
  • 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.

InstaForex review and Rating

InstaForex operating from last 11 years with a huge pack of choices and features. They offer leverages from 1:1 to 1:1000. Traders have a great choice of account including demo account from InstaForex. They also do promotional sponsorship for many activities. Finally, there is a lack of strict regulation for this broker. InstaForex has yet to receive reputable operating licenses in Europe.

Support
60%
Platform
60%
Bonus
70%
Commission
60%
Leverage
70%

Pros

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

Cons

  • Only MetaTrader 4 platform
  • Not very strict regulation
6.4

Average Score

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1 thought 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).

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