InstaForex Review

InstaForex Overview

InstaForex was established in 2007 and provides industry leading online brokerage services to over 7,000,000 traders across the globe. They offer clients a staggering 300+ trading instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs.

InstaForex offer online trading through modern and powerful trading platforms with good execution speeds, variable or fixed spreads and competitive trading costs. Liquidity is provided by top tier banks such as J.P. Morgan, UBS, Barclays, HSBC, Morgan Stanley Citibank. There are 9 trading servers for uninterrupted distribution of client orders. Account types are flexible with a variety of different funding options.

InstaForex have an in-house team of 30 expert analysis. They have 260 regional offices worldwide with 200 professionals working in the main offices and global support in 30 languages. Great focus is put towards clients, aiming to provide the same high standards of service to all levels of traders.

They have won more than 30 prestigious broker awards which emphasises the quality, selection and professionalism of their services. Awards have been won for the Best Broker in Asia, Best Broker in Eastern Europe, Best Retail Forex Broker, Best Broker in CIS and more.

The InstaForex PAMM accounts have over 10,000,000 invested in them and 100,000+ traders subscribe to their ForexCopy signals. The InstaForex club has over 100,000 members and there are 1,000 new client accounts opened on a daily basis. They sponsor sports stars and teams whilst they frequently run contests and campaigns for clients.

InstaForex have established partnerships with technology companies to provide innovative and effective trading solutions and applications to traders. This includes specialised software and payment systems, as well as providers of real time market quotes. They are constantly looking to implement the latest innovative technologies to further improve their services.

InstaForex Regulation

The InstaForex group of related companies are registered and regulated in multiple offshore jurisdictions around the world. Regulated brokers must adhere to the highest standards of quality, working in accordance with the international laws and local standards of particular countries. Regulation helps to give potential clients peace of mind that they are using a trusted and reliable online broker.

Instant Trading Ltd is licensed by the British Virgin Islands Financial Services Commission (BVI).

Insta Service Ltd is registered with the St. Vincent and the Grenadines Financial Services Authority (SVGFSA).

Instant Trading EU Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC).

There are some restrictions if you open an account with the EU brand, including limited leverage of 1:30. This is due to the European Securities and Markets Authority (ESMA) who are a financial regulatory agency and European Supervisory Authority.

The markets in financial instruments directive (MiFID) is a regulation that increases the transparency across the European Union’s financial markets and standardizes the regulatory disclosures required for particular markets

InstaForex Countries

InstaForex accepts clients from across the world, excluding the USA and some third-world countries due to strict regulations. Some InstaForex broker features and products mentioned within this InstaForex review may not be available to traders from specific countries due to legal restrictions.

InstaForex Platforms

InstaForex have a range of different platforms for clients to choose from to trade the global markets depending on their own unique needs and trading objectives.

Traders can use the powerful and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile platforms are useful for those who need to trade whilst on the go. InstaForex also offer their very own web trading platform – WebIFX.

MetaTrader 4

MT4 is the most popular trading platform that is offered by most online trading brokers. It was developed by Russian software company MetaQuotes and is known for its ease of use and built-in tools. MT4 is simple enough for beginners whilst having enough advanced functionality for the more experienced traders.

MT4 will display charts of all available trading instruments with real-time bid/ask price quotes. Charts can be loaded on 9 different timeframes from 1 minute to monthly. There are a variety of technical indicators for conducting detailed chart analysis. You can choose from multiple order/execution types and keep up to date with the latest market news.

MT4 also supports automated trading through the use of expert advisors (EAs). You can even create your own automated trading system or custom indicator in the MetaQuotes programming language (MQL) by using the built-in MetaEditor. There are a huge variety of custom indicators and EAs available to download online, including from the MQL online community.

InstaForex have a few extra add-ons for the MT4 platform including magic button and one click trading. The magic button simplifies the process of placing, managing and closing orders. One click trading increases efficiency and allows you to choose the same settings for every position.

MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

MetaTrader 5

MT5 is a more advanced version of MT4 with some additional features. MT5 allows you to trade more instruments and conduct more detailed chart analysis.

It has 21 timeframes compared to MT4’s 9 timeframes. There is depth of market level II pricing showing volumes and different bid/ask prices. It has 80+ technical indicators compared to MT4’s 50+. More order types are supported and the strategy tester supports back testing multi-currency automated strategies.

MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

WebIFX

The WebIFX platform is unique to InstaForex. The main advantage of the web platform is that you can run it without needing to download or install any additional software. You can trade through most browsers from anywhere in the world with an internet connection. WebIFX maintains the same functions as a traditional desktop trading platform with the ability to open/manage/close positions and conduct chart analysis.

InstaForex Trading Tools

InstaForex provide clients with some useful trading tools. These can be used to improve your own trading efficiency and to copy other traders.

ForexCopy System

The ForexCopy system enables you to copy the trading signals of other traders or provide signals for other traders to copy. There are thousands of traders to choose from with over 20+ criteria to filter for those who match your trading goals. Filters include total profit, balance, duration, instruments, followers, etc.

Once you have identified a potential signal provider, you can subscribe to automatically have their trades copied to your account. You can subscribe to multiple signals if you wish and can cancel a position or signal subscription at any time. It must be emphasised that past performance does not guarantee future results.

PAMM System

The PAMM system is for money managers who need to manage the funds of several investors and investors who wish to invest any amount into a managed account. The money manager charges a success fee whereas investors can benefit if the account makes profit.

InstaForex provides a PAMM monitoring tool where you can check statistics over a period of time and filter by a range of parameters to only display the accounts relevant to you. Past performance is by no means any guarantee for future performance.

Pattern Graphix

InstaForex offer free to clients the pattern graphix plug-in for MT4 which displays the formation of graphical patterns on trading charts. You can choose which instruments, timeframes and technical analysis patterns you wish to scan for. This can be used to find potential trading opportunities or to assist with the management of open positions.

It can be set to send you instant sound and visual notifications once a pattern is found or there have been some changes. Notifications can be received within the platform, via email or mobile. Patterns include continuation patterns, reversal patterns, channels and lines. There are some useful tutorial videos on the website that explains how to use this tool.

Virtual Private Server (VPS)

InstaForex offer clients a virtual private server (VPS). A VPS allows you to run your trading platform 24/7 without needing your own computer switched on. The VPS includes windows and is always connected to the internet. This can be useful for those who have a poor internet connection at home or need to run an automated trading system all of the time.

You can order a VPS from the InstaForex client cabinet. There is a range to choose from with differing specifications (RAM, processor, disk space, cores, etc). The servers are located in Saint Petersburg, Russia.

The more you have in your account with InstaForex, the less the VPS will cost. If you maintain a balance over $5,000 then you can apply for a free VPS.

Trading Calculator

The online trading calculator allows you to easily and quickly calculate the value of a pip and margin required for a chosen currency pair.

Economic Calendar

The InstaForex economic calendar keeps you up to date with the latest market news releases. You can choose to display news by dates, country and importance. News importance is shown along with the previous reading, forecast and actual reading. You can subscribe to SMS alerts for specific news events relevant to you. This is useful as part of a fundamental analysis.

InstaForex Toolbar

There is an official InstaForex toolbar that gives point-and-click access to the various sections of the official website, company’s news RSS feed, real time market quotes and social networking pages. The add-on is supported by most modern web browsers.

InstaForex Education

InstaForex have a very vast array of detailed educational materials available to traders ranging from trading courses, videos and daily analysis.

InstaForex TV News

There is a TV section that is updated daily and has a very good variety of news, analytical materials and interviews. The videos cover latest events, trends, and many other aspects of trading.

InstaForex TV is managed by a large staff of analysts, camera operators, news casters, film editors and other specialists. The videos are freely available and can be useful to all levels of traders, helping viewers to stay up to date with latest market news and the impact it could have on various trading instruments.

Market Analysis

InstaForex have an in-house team of 30 experts who analyse the markets on a daily basis and provide very detailed reports including write ups with annotated charts.

Training Course

InstaForex offer a training course from their expert analysts that is targeted towards those new to trading and requires a minimum $100 deposit to gain access to. The course contains detailed information on a wide range of topics such as technical and fundamental analysis, trading platforms, trading psychology, money management, trading strategies and more.

Training Videos

The InstaForex website has a selection of training videos that cover most of the key aspects of trading. These tutorial videos can be very useful to help improve trading knowledge and skills with a range of topics covered including markets, platforms and analysis.

Educational App

InstaForex have a mobile app that you can use to conveniently learn about trading and get an insight into the markets before trading. The educational app is available for download on both Android and iOS.

Trading Glossary

The glossary section contains some trading terms and explanations that are presented alphabetically for convenient accessibility.

Frequently Asked Questions

The FAQ section of the website has a vast range of commonly asked questions with comprehensive answers. Topics include general account questions, platform questions, trading tool questions, etc.

InstaForex Instruments

InstaForex offer clients an impressive 300+ trading instruments covering a range of markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs.

In addition to the minor, major and exotic currency pairs, there are instruments such as gold and silver as well as CFDs on indices SP 500, Dow Jones Industrial Average, NASDAQ Composite, FTSE 100, Euronext 100, DAX 30, Nikkei 225, Hang Seng Index, US Dollar Index, Bitcoin and many other instruments.

Forex

The forex market is traditionally the buying and selling of currencies. When trading forex instruments you are speculating in the price increase or decrease of one currency against another, e.g. EURUSD. InstaForex offer a large selection of 110+
FX currency pairs to trade.

CFDs

A contract for difference (CFD) allows traders to speculate on the fluctuating prices of an asset without actually physically owning it. InstaForex have a large selection of 90+ CFDS including gold, silver, crude oil, gas, major stock indices such as Dow Jones, DAX, NASDAQ, SP and more.

CFDs on shares are contracts for difference where the underlying assets are shares in the world’s leading companies such as Apple, Amazon, Microsoft, Google and others. The shares are quoted on major exchanges and over-the-counter securities markets.

InstaForex CFD trading conditions include low margin requirements and commissions, flexible leverage up to 1:10, fixed spreads and the ability to hold positions for an indefinite period of time.

Cryptos

Cryptocurrency is an online digital currency based on complex mathematical algorithms. It is decentralised which makes it resistant to government interference or manipulation.

Traders can speculate on Bitcoin price fluctuations without buying the cryptocurrency. InstaForex offer Crypto trading based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

InstaForex Accounts Fees

InstaForex offer cent and standard account in three currencies, USD, EUR and RUB. Each account has access to all instruments and differs by the spreads and commission fee. Demo accounts are available to test the different trading platforms and conditions before opening a real account should you wish to do so.

Insta.Standard Account

This account is targeted towards all types of trader and has higher spreads starting from 3 pips with no commission fee charged. The minimum deposit is just $1 for a micro account, $100 for a mini account and $1,000 for a standard account. Flexible leverage of up to 1:1000 is available with a minimum lot size of 0.01 and maximum 1000 lot size.

Insta.Eurica Account

The eurica account spreads are tighter, starting from zero pips with commissions from 0.03%-0.07%. There is no limit on the minimum deposit. Flexible leverage of up to 1:1000 is available with a minimum lot size of 0.01 and maximum 1000 lot size.

Cent.Standard Account

This account is designed for new traders who are just learning to trade and would like to practice in a real trading environment with the minimal trading volume possible (0.1 US cents). The other conditions are the same as the normal standard account including higher spreads with no commission fee.

Cent.Eurica Account

This account is designed for new traders who are just learning to trade and would like to practice in a real trading environment with the minimal trading volume possible (0.1 US cents). The other conditions are the same as the eurica standard account including spreads starting from zero pips and a 0.03%-0.07%. commission fee.

As broker fees can vary and change, there may be additional fees that are not listed in this InstaForex review. It is imperative to ensure that you check and understand all of the latest information before you open a InstaForex broker account for online trading.

InstaForex Support

InstaForex offer global support in 30 languages, 24 hours a day. They can be contacted via local telephone numbers in 9 countries, live chat and email. They are also reachable through popular apps including Telegram, WhatsApp and Skype.

InstaForex Deposit Withdrawal

InstaForex provide over 10 ways for clients to make account deposits and withdrawals. These methods include bank transfer, credit card and online payment processors. Clients must use the same currency and payment system for depositing and withdrawing.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. Some methods may only be available to specific countries.

Accounts can be opened in USD, EUR, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

InstaForex Account Opening

There is a short online account opening form to complete on the InstaForex website. Following on from that, you will need to verify your email address and upload proof of identification (e.g. passport) and proof of address (e.g. utility bill). Once your documents have been verified by the accounts team you can fund your account and commence trading. Online support is available to help you during the registration process if need be.

InstaForex FAQ

What is the InstaForex minimum deposit?

The minimum deposit amount at InstaForex is 1 US dollar. It is a small amount compared to some other brokers who require deposits of $500 or more. The fact that you can get started with just $1 means that you can try the broker’s platform and trading services with minimal risk. This will help determine if InstaForex is a suitable choice of broker for you in the long term.

How do I deposit money into InstaForex?

You can top up your InstaForex trading account via Qiwi, Skrill, Neteller, Yandex Money, Visa cards, MasterCard cards, and bank transfers. You may also pay in cash in their offices.

Depositing via Neteller is instant, while it takes Qiwi about 15 minutes to perform it. Yandex Money needs about 3 hours; Visa, MasterCard, and Skrill can take up to 24 hours; and topping up via bank transfer lasts up to 4 days.

What are the InstaForex deposit fees?

The company does not charge any fees for depositing money to your trading account. However, your transaction amount will be charged with a commission by a payment system or a bank which credits or debits your account.

How do I withdraw money from InstaForex?

You can withdraw money from your InstaForex account using the same methods accepted for deposits, such as Wire Transfer, Credit or Debit Card, and digital e-Wallets. You can visit the withdrawals page in your InstaForex Account if you want to know what payment methods are specifically available to you.

What are the InstaForex withdrawal fees?

The broker charges withdrawal fees ranging from 1% to 2% of the transaction amount, depending on your selected payment method.

What is the InstaForex commission fee?

InstaForex charges commission fees as low as 0.1%.

Are there any InstaForex inactivity fees?

InstaForex does not charge any inactivity fees.

What are the InstaForex account types?

The broker offers two broad account categories, namely: Cent and Standard accounts. Both account options require a low minimum deposit of just $1 to start trading.

Is there an InstaForex demo account?

InstaForex provides traders with a demo account. The demo account is designed to help traders get acquainted with the broker’s platforms before opening a live trading account.

The demo is always preloaded with virtual funds that are used for practice purposes.

What are the InstaForex spreads?

InstaForex offers variable spreads that are as low as 0.0 pips.

The spread is the difference between the bid (buy) and ask (sell) prices of a particular asset. You enter a buy trade using the buy price quoted and exit using the sell price. The narrower the spread, the lesser the price needs to move in your favor before you start to make a profit — or if the price moves against you — a loss. InstaForex offers consistently competitive spreads. Spreads are a common way in which trading platforms charge fees.

What is the InstaForex leverage?

The InstaForex leverage is up to 1:1,000.

Although high leverage does mean that you can trade larger positions, it can also increase your overall risk. Make sure you have a clear understanding of leverage and how it works.

What are the InstaForex margin stop-out levels?

InstaForex EU initiates a margin call at a 100% equity-margin ratio and a stop-out at a 25% equity-margin ratio.

Margin is the required amount in the trading account’s base currency needed to open or maintain a position. Margin is calculated as a percentage of the notional value of the CFD or a fixed monetary amount.

If your total margin requirement exceeds your total equity, your account will be placed on a margin call. If your account reaches the liquidation level or stop-out level, some or all your positions may be liquidated.

Generally, when an account has insufficient funds to satisfy the total margin requirements, a margin call is generated and sent to the email address provided by the client. Traders are advised that they must always maintain sufficient free equity to meet the total margin requirement.

Does InstaForex allow hedging, scalping expert advisors?

InstaForex supports various trading strategies, including hedging, scalping, expert advisors, and more.

Is there an InstaForex Islamic account?

Yes, InstaForex does offer a swap-free account that is designed for traders who can’t receive or pay swaps. The trading account is interest-free while allowing traders to take advantage of the broker’s cutting-edge trading technology.

What are the InstaForex trading instruments?

InstaForex offers the following trading instruments: Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs.

In addition to the minor, major, and exotic currency pairs, there are instruments such as gold and silver as well as CFDs on indices SP 500, Dow Jones Industrial Average, NASDAQ Composite, FTSE 100, Euronext 100, DAX 30, Nikkei 225, Hang Seng Index, US Dollar Index, Bitcoin and many other instruments.

How do I open an InstaForex live account?

Opening an InstaForex account is simple. You need to click on the “Open Trading Account” link on the top right corner of the InstaForex website and complete your application form. Once the accounts team has approved your online application form, you will be emailed your trading account login details and password. You can then download the trading platforms and fund your account.

How do I verify my InstaForex account?

You can verify your InstaForex account electronically by uploading the following documents:

• Proof of Identification: clear copy of a valid Passport, National ID, or Driver’s license.
• Proof of Residence: clear copy of bank or credit card statement, utility bill (e.g., water, electricity, gas, landline phone, Internet, TV Service), municipality statements. Proof of residence documents must have been issued within the last six months

What is the InstaForex trading platform?

Eightcap provides traders with the MT4 and MT5 trading platforms. MetaQuotes developed the MT4 and MT5 trading platforms in 2005 and 2010, respectively. The platforms have since grown to become the most popular trading platforms among forex and CFD traders. They are available in desktop, web, and mobile versions.

Where can I download the InstaForex platform?

The WebTrader platform can be accessed directly from the broker’s website via any modern web browser. The desktop applications for Windows and Mac computers can be downloaded from the broker’s website. In contrast, the mobile apps can be downloaded from the Google and Apple stores, which can also be accessed from the broker’s website.

Where is InstaForex located?

InstaForex is headquartered in Cyprus with offices in the British Virgin Islands and Saint Vincent and the Grenadines.

Is InstaForex regulated?

InstaForex is regulated in multiple jurisdictions as follows: Instant Trading Ltd is licensed by the British Virgin Islands Financial Services Commission (BVI); Insta Service Ltd is registered with St. Vincent and the Grenadines Financial Services Authority (SVGFSA); Instant Trading EU Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What countries does InstaForex accept?

InstaForex accepts traders from the different parts of the globe, provided their countries of origin permit online trading with international brokers.

Is InstaForex a scam?

No, InstaForex is not a scam. They are regulated by multiple financial authorities: CySEC, BVI, and SVGFSA.

How can I contact InstaForex support?

The broker’s client support team is available 24/5 to respond to all your trading inquiries. They can be reached via the following contact channels: Live Chat, telephone, email, and social media.

InstaForex Summary

The award winning InstaForex is one of the largest online trading brokers with a vast client base stretching across the globe. They have a wide selection of over 300+ trading instruments across multiple markets. In addition to flexible account conditions and trading platforms, they offer plenty of trading tools and educational material. Strict regulation helps to give clients peace of mind whilst the support team is very prompt and efficient.