Trust Score

80
See all Reviews

Regulation

  • RAFMM

Platform

  • MT4

Min Deposit

$1

Leverage

1000:1

Bonus

30%

Zero Commissions

InstaForex is an international ECN trading brokerage that serves more than 7 million traders and claim to have more than 1000 clients open new accounts each and every day. The brokerage is very popular and continues to grow, but does InstaForex live up to the hype? In the following review we discuss the aspects that make up this broker and how it compares to the competition.

Introduction

InstaForex was established in 2007 by InstaForex Group and has since grown into a successful international trading brokerage. They offer a variety of investment products and services much like other leading trading brokers. InstaForex is a Russian broker with their headquarters located in Kaliningrad, the Russian Federation, but they also have 260 offices spread out across the world. 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. The website is fully multilingual and is available in over 30 different languages. InstaForex has won numerous awards over the years, with the most recent ones being the Best Broker in Asia at the prestigious World Finance Awards and has also won The Best Retail Broker Award from multiple high-profile magazines.

InstaForex Products

InstaForex has a wide selection of tradeable assets available to traders. The primary products offered by InstaForex include Forex with over 107 currency pairs, 34 Stocks CFDs, Futures CFDs, Commodities, Indices, and 4 of the most traded cryptocurrencies. There is something for every type of trader and the investment products can be traded in various ways including Futures, CFDs, Hedging, Scalping, and Margin Trading.

InstaForex Trading Conditions

InstaForex meets the standards and needs of the most sophisticated traders by offering desirable trading conditions. The brokerage offers trading using leverage from 1:1 up to 1:1000. The trading platforms servers are top of the line and ensure traders receive the fastest execution speeds for the best possible prices. One thing that really stands out at InstaForex is their dedication and support of numerous promotions and bonuses. InstaForex is constantly hosting tournaments and rewarding players, as well as offering cash bask incentives for deposits and account creation. The bonuses and promotions offered change from time to time but are always offered to traders.

InstaForex Account Types

InstaForex strive to meet every type of traders needs and they achieve this through offering 3 different account types. The account types are basically the same but each has unique aspects about them that apply to specific traders. See the account types overviewed below.

Insta Standard Trading Account

This account type meets the needs of most every type of trader and features fixed spread rates with no other additional fees. 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 suits traders who want to test trading strategies and get a feel for trading.

InstaForex Commissions & Fees

For the Insta Standard trading account there are no fees for trading but a fixed spread of 3-7 is applied on all trades. As for Insta Eurica accounts, a fee of 0.03% - 0.07% is incurred on all trades. The same respective fees apply for the Standard and Eurica Cent accounts.

InstaForex Platforms and Tools

InstaForex utilizes the most popular trading platform of all time which is MetaTrader 4 (MT4). This platform is used and loved by many and has numerous great tools and features. Also, the interface is very familiar and user friendly to many traders. See some of the MT4 main features below:

  • 9 time frames
  • Variety of tools for technical analysis
  • Online financial market news
  • Automated trading
  • Locked positions
  • Many free indicators and advisors
  • Coding your own indicators and advisors (MQL4)
  • High security 128 bit encoding
  • One click trading
  • Trailing stop

Is InstaForex Mobile Friendly?

Yes. InstaForex is fully compatible with mobile devices. The MT4 trading platform is available for download from the Apple App store and Androids Google Play store. The mobile application keeps the same look and feel as the desktop version and utilizes all the key features of the trading platform.

InstaForex Promotions

As mentioned earlier, InstaForex is very big on rewarding traders through their promotions and bonuses. The bonuses change from time to time, but at the time of writing some of the bonuses and promotions are:

Welcome Bonus: New traders receive a 30% welcome bonus.

Volume Bonus: Traders receive a 55% bonus on every deposit they make, with no minimum or maximum limitations.

In addition to the bonuses mention above, InstaForex regularly holds contests with prizes worth over $500,000 including cars and cash prizes.

InstaForex Deposits & Withdrawals

InstaForex offers traders an enormous amount of deposit and withdrawals options and the fees and transfer times vary from method to method. However, there is a method to suit literally everybody’s needs. See some of the most popular ones listed below.

  • Bank Card
  • Bank Wire
  • Mega Transfer
  • PayCo
  • Credit Card
  • Debit Card
  • Skrill
  • BeneCard
  • Neteller
  • Union Pay
  • WeChat
  • AliPay

InstaForex Customer Support

InstaForex clients have access to various customer support options including live chat which is available from 7:00-16:00 UTC and 24/7 telephone support and email. Our research has shown that support representatives are quick to respond and offer professional and friendly advice and answers.

InstaForex Research and Education

InstaForex has great educational content available on their website. Its quite evident that InstaForex caters towards beginner investors and traders by providing numerous informational articles, videos, guides, tutorials, and even courses on how to trade and invest various financial instruments. Some of this material is meant for experienced investors as well, there is something for everyone.

Noteworthy Points

The most noteworthy point about this trading brokerage is the sheer amount of promotions and bonuses. These promotions add much more excitement to trading and InstaForex does this best. Another noteworthy point is the broad acceptance of users from all around the world. InstaForex allows everyone to trade and offers a huge amount of deposit and withdrawal options.

Conclusion

InstaForex has grown tremendously over the years and continues to offer their traders exceptional online trading experiences. They utilize the most popular trading platform on the market and offer their traders a variety of the most demanding tradeable assets. The whole user interface is very clean and easy to use, and it’s easy for new traders to get started with InstaForex.

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