InstaForex is an award-winning Russian ECN broker operating since 2007. Since 2007, it has received awards
not lower than 35 all in all. It is a highly regulated broker which offer a safe, secure and fair trading for clients. It is regulated in multiple jurisdictions and an excellent selection of trading platforms.
It provides clients with the avenue to participate in the most lucrative online trading markets. It is owned by InstaForex Group Ltd. in Russia and has more than 250 offices located all over the world.
Basic Information of the InstaForex Broker
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- Regulator – RAFMM, CySec, FCA, FSC
- Trading Platforms – MT4, MT5, Web Trading, Multiterminal Trading
- Available since – 2007
- Minimum deposit– $1
- Leverage – Up to 1:1000
- Spreads (& commission)– Various Spreads
- Minimum trade size – 0.01 lot
- Demo account – Available
- Mobile Trading – Available
- Trade Signals – e-mail alerts, website personal page, Automated Trading
- US Clients – No
- Islamic Account – Yes
InstaForex makes use of MT4, MT5, WebTrader and Multiterminal Trading as trading platforms.
MT4 is the main trading platform used by InstaForex. MT4 is the most popular trading platform used because of so many reasons which include world stock indexes, carry out technical analysis, Forex news and so much more.
MT5 is used by InstaForex but is not yet still available for client use.
InstaForex is on the run in accommodating clients who are looking for a wide range of trading account types. They offer 3 account choices where clients can choose from.
Insta Standard Trading Account
This account type offer fixed spread rates with zero commission. Under this account are subtypes which include Micro Forex with an initial deposit of $1, Mini Forex with an initial deposit of $100 and Standard Forex with an initial deposit of $1000.
Insta Eurica Account
This account type doesn’t have a spread and is very ideal for beginners as it allows them to learn how to trade with its simplified trading system. But it can also be used by expert traders as it contains the same features as Insta Standard Trading Accounts.
Cent Standard and Cent Eurica
These account types are specially made for beginning traders because it features a minimal trading volume and they can take advantage of the 0.0001 lots.
InstaForex offers a more advanced demo account as clients are given the opportunity to open up a risk-free, fully functional demo account using the MT4. It has over 107 trading currency pairs, futures, contracts and so much more. This is a good training ground for people who have not tried Forex trading before.
In order to open an account, a client only needs a dollar. This is a significantly low initial deposit which gives almost everyone the chance to open their account easily. This offer is much lower compared to other Forex trading brokers out there.
There is a wide variety of payment methods offered by Insta Forex to make their client’s life more convenient. Payments can be done through ePayments, bank transfer, Bitcoin, Litecoin, Skrill, and so much more. Bitcoin is free of charge.
The maximum leverage offered by InstaForex can go as high as 1:1000 which is significantly high. Keep in mind that a high spread has greater risk and losses too. Traders can either trade with fixed, variable or no spread at all.
Spreads and Commissions
InstaForex offers their clients various spreads where they can choose from. Different account types have different spreads. For example, a client can choose to open a commission free account with a classic spread.
Regulation and License
InstaForex is under the regulation of Russian Association of Financial Markets (RAFMM), Cyprus Securities and Exchange Commission (CySec), Financial Conduct Authority (FCA) and Financial Services Authority (FSA).
The number of regulators ensures clients that their investment is safe and also their personal information is treated with utmost confidentiality.
Clients can reach InstaForex 24/7 via live chat and phone support. In order to cater to the needs of their clients all over the world, InstaForex makes use of different languages as well.
Benefits of Trading with InstaForex
InstaForex offer a system that suits every individual needs. Clients can also enjoy the Forex Copy System in as much as they offer a lot of promos and bonuses.
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- Advanced demo account
- A wide variety of account types
- Low minimum deposit
- Trusted regulators
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- High leverage
- Too many materials
InstaForex is a great choice and is worth the try as it has been on the trading industry for a long time now. The great choice of accounts and platforms is very much appraised. This is highly recommended for beginners and even for experts.