InstaForex Review
Overview
InstaForex company information At InstaForex, the biggest Asian broker traders have access to a wide range of trading methods and instruments unrivaled by other brokers. Social trading and future trading… more
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4.8/5
Details
| Broker | InstaForex |
|---|---|
| Website URL | www.instaforex.com |
| Founded | 2007 |
| Headquarters | Kalingrad, Russia |
| Support Number | +7 4012 774 572 |
| Support Types | Fax: 7 4012 774 572, email: [email protected] |
| Languages | Spanish, German, Russian, French, Portuguese, Turkish, Arabic, Polish, Chinese, Japanese, Farsi, Hindi, Indonesian, Latvian, Lithuanian, Malaysian, Romanian, Thai, Azerbaijani, Georgian, English |
| Trading Platform | Meta Trader 4, Meta Trader 5, Web Trader |
| Minimum 1st Deposit | $1 |
| Minimum Account Size | $1 |
| Minimum Trade Amount | $1 |
| Maximum Trade Amount | $1m |
| Bonus | 30% on first deposit bonus |
| Payout | Within 3 business days |
| Leverage | up to 1000:1 |
| Spread | from 0.1 pip |
| Free Demo Account | Open Demo |
| Regulated |  |
| Regulation | regulated by RAFFM, The Federal Financial Market Service |
| Commissions | |
| Commission Info | No hidden fees or commissions |
| Account Types | Mini account, VIP account, Segregated account, Islamic account (swapfree), Instutional account, Managed account |
| Deposit Methods | Credit Card, Bank Transfer, Liberty Reserve, Perfect Money, Alertpay, Skrill/Moneybookers, Webmoney, EuroGoldCash, Global Digital Pay transfer, RBK money, Yandex.Money, QIWI |
| Withdrawal Methods | Credit Card, Bank Transfer, Liberty Reserve, Perfect Money, Alertpay, Skrill/Moneybookers, Webmoney, EuroGoldCash, Global Digital Pay transfer, RBK money, Yandex.Money, QIWI |
| Trading Methods | scalping, hedging, trailing stops, guaranteed stop loss, guaranteed limit orders, interest on margin, one-click execution |
| Number of Assets | 10000+ |
| Types of Assets | stocks, forex, commodities, CFDs, ETFs, indices, futures and options |
| Trading Currency | all major and minor forex pairs including exotic ones like USD versus bitcoin |
| Account Currency | you can fund your account with euros, pounds, dollars, yen and rubles |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
| Overall Score | 9 |
Full Review
InstaForex company information
At InstaForex, the biggest Asian broker traders have access to a wide range of trading methods and instruments unrivaled by other brokers. Social trading and future trading are two examples of unique features of InstaForex. The InstaForex staff tries to react on new trends as soon as possible with new trading features being added to the platform on a weekly basis.
InstaForex trading platforms
Apart from Meta Trader 4 and Meta Trader 5 several trading platforms are available at InstaForex and recently they developed a trading app for smartphone and tablet trading as well. With Forex Copy System traders can participate in social trading on the InstaForex trading platform, following other traders and investors in their investments.
InstaForex account types
Apart from a demo account, which traders can use to practice trading on with virtual or demo money there are 6 available account types at InstaForex:
– Mini account
– VIP account
– Segregated account
– Islamic account (swapfree)
– Instutional account
– Managed account
With the Mini account micro stocks and CFDs are available with very high leverages. The VIP account speak for itself, this account type is ment for high transactions and order volumes. A Segregated account is available to trade with funds traders have slush funded apart from their other trading account(s). For Muslim traders that want to trade under Sharia Law there is the Islamic (swap free) account available. Institutional accounts are for institutional traders and managed accounts are for introducing brokers who trade on someone else’s behalf.
InstaForex fees and commissions
InstaForex doesn’t charge any fees or commissions for trading with it’s software. The only form of costs come in spread and starts as low and competitive as 0.1 pip per transaction.
InstaForex customer service
The InstaForex customer service consists of a email support team and multiple call centers in several countries. Customer service is available in many different languages and phone numbers are toll-free.
InstaForex reliability
Apart from being a regulated and licensed broker InstaForex has several ways of increasing security and reliability for it’s clients.
SSL Data Encryption
Personal information, orders, deposits and withdrawals are all conducted in a 128 bit SSL data encrypted environment so hackers don’t have chance to intercept any sensitive data.
Account verification process
Every trader that wishes to trade with real money instead of a demo account at InstaForex needs to upload a digital copy of his/her government issued ID. It’s also possible to take a picture with a smartphone or tablet of said document and upload the picture.
SMS login system
For traders that want to secure their trading account to the maximum there is a two-factor authentication possibility where an SMS is sent to a mobile number every time the trader logs in his or her trading account. This two-factor is similar to the one being used for internet banking by most banks.
InstaForex special features
PAMM-System
With the PAMM-system introducing brokers can manage trader’s accounts and regular traders can use a PAMM account to put deposit money in certain stocks or projects together to place certain orders altogether.
InstaForex Club
VIP members can join the InstaForex Club which nets certain bonuspoints traders can save for luxury holidays, cars and cash bonuses. Vip members also get 5% yearly interest on their trading balance.
InstaForex review conclusion
InstaForex is the best Asian broker but world wide also very competitive and not a bad choice for European traders at all. With its low competitive spreads from 0.1 pip and many account holder benefits it’s hard to think of a forex broker that can compete. Traders can trade with up to 1000:1 leverage and the minimum deposit required is only $5. The 5% yearly interest and monthly trading competitions with over $500,000 in prize money are other perks no other broker can compete with. I rate InstaForex a 9/10 in general because it doesn’t accept traders from the United States but for non-US traders I rate InstaForex as only broker on choose broker.com a 10/10/. I don’t know how a broker could be more perfect for the time being.
✓ Minimum deposit only $1
✓ 5% interest on trading account per year
✓ Up to 1000:1 leverage
✓ Spread from as low as 0.1 pip
✓ Islamic accounts for Muslim traders under Sharia law
✓ Available in over 20 languages on PC, smartphone and tablet
Pros
- Minimum deposit only $1
- 5% interest on trading account per year
- Up to 1000:1 leverage
- Spread from as low as 0.1 pip
- Islamic accounts for Muslim traders under Sharia law
- Available in over 20 languages on PC, smartphone and tablet
Reviews
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User experience:
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InstaForex has a great reputation among my friends. They recommend me to join with them. I tried to trade on a bonus account for one month and everything turned out perfectly. Then I tried to with my own investment of $400. I trade with EAs and sometimes manually, they allow to adjust trading process to different market situations. I already made two withdrawal 200 and $280 via l and it both are comes within 4 hours. I will keep trading with this broker.
Pros: easy navigate and do operations
Nadelen: verification
OPEN ACCOUNT
I remember the first time I encountered the name Instaforex. It was from a speaker in one of the seminars at the office and his talk about this broker was really remarkable. He is simply a trader at this broker and he merely shared his experience to inspire us. I couldn't help but search for it and learn more about it. I started with a demo account to see how this broker and its platform works. I enjoyed the demo and so decided to open a real account. My initial capital was $500 and my trades went well. They don't charge commissions and instead put on a spread which is unbelievably low. Instaforex is clearly a good broker.
Pros: convenient trading experience
Nadelen: rare lags
OPEN ACCOUNT
InstaForex is a solid and fair broker. I tried the new platform WebTrader platform and I have never seen such customer friendly platform. very fast execution, great feed, and stable server. Last month I made $640 trading with WebTrader platform. On 2nd December I asked for a withdrawal of $500 via Skirll and I got my money in my account just in 4 hours. Hope they can continue doing great job.
Pros: very fast execution, great feed, and stable server
Nadelen: Scalping
OPEN ACCOUNT
