Our InstaForex Review
InstaForex is a multiple award-winning forex and CFD trader. The brand was founded in 2007 and has become a global broker with about 260 offices around the globe. The broker’s website is available in 27 languages. InstaForex sponsors several contests, veteran athletes and many sports events. It boasts of over 7 million clients from all over the world.
InstaForex Regulation and Security
The regulation of InstaForex is questionable. The broker states that it is licensed by the Financial Services Commission (FSC) of the British Virgin Islands (BVI). It is also registered with the FSC in St. Vincent and the Grenadines. Most traders are apprehensive when dealing with offshore regulated brokers.
Instaforex states that it has 9 trading servers. These servers are protected with modern security technologies. The website and platforms are protected with SSL. This is to deter internet fraudsters from hacking into the system.
Trading Instruments on InstaForex
InstaForex offers over 200 tradable assets for trading on its platforms. The broker offers 107 currency pairs, 90 shares, 26 commodities, 7 indices, and 5 cryptocurrencies.
Account Types and Trading conditions
To open an InstaForex account, fill a registration form on the website and the account is opened within a few seconds. A variety of account types are offered and they are grouped into “Insta. Standard” and “Inst.Eurica” accounts. The maximum leverage is 1:1000 for all account types. Here are the account types:
Insta.Standard Trading Accounts
These accounts are charged from the spread with no commissions. The spread starts from 3 pips. Traders are allowed to adjust the trading leverage and choose a capital within his budget. The following sub-accounts are available:
- Micro forex: The minimum deposit is $1
- Mini forex: The minimum opening balance is $100
- Standard Forex: The least deposit is $1,000
Insta.Eurica Trading Accounts
Commissions are paid on trades. Spreads are usually zero or very tight. Only $1 is required to open an account while there is no maximum deposit.
Cent.Standard
The minimum opening balance is $1 and the limit is $1,000. Spread starts from 3-7 pips.
Cent.Erica
The minimum opening balance is $1 and the maximum deposit is $1,000. Commissions are paid.
Risk-free demo accounts are offered to all customers without any restrictions.
Deposit and Withdrawal Options
The following payment options are available:
Debit Cards: Maestro, Mastercard, and Visa Card. Local cards accepted are Dankort, CartaSi, PostePay. Deposits are instant while withdrawals take up to 3 days.
Bank Wire: It is normally processed within 2-4 working days.
Local bank transfers are available in 11 countries. It is processed within the same day. No commissions are charged.
Online payments accepted are PayCo, Skrill, Neteller, WeChat, Alipay, ePay.bg, eps, GiroPay, iDeal, POLi, Nordea SOLO, Przelewy24, SOFORT, Trustly. All deposits are processed within 24 hours while withdrawals take up to 48 hours.
Bitcoin and Litecoin can also be used for payments. Deposits are processed within 3 hours and there are no charges. Withdrawals may take up to 2 days.
Web, desktop and mobile trading platforms
Web Terminals
These trading platforms require no downloads or installations. One major advantage of these platforms is that they run on all operating systems. InstaForex has 2 Web terminal platforms:
- Instability: This platform is developed by Instaforex for binary options trading.
- Webifx: This is InstaForex’s WebTrader for trading forex and CFDs.
Desktop Applications:
- MT4:
This is a very popular platform known for its variety of features which include analytical tools, order management tools as well as auto trading support. It can be downloaded on Windows PC.
- MT5:
This platform is supposed to be an upgrade to the existing MT4. But, many traders choose to remain with the MT4. The MT5 has all the features of the MT4 and even more. It is also downloadable on a windows computer.
- Multiterminal
This platform is for multiple account managers. It enables the management of multiple accounts from a single account.
Mobile Applications
- MT4 and MT5 mobile apps:
The mobile applications of the MT4 and the MT5 are downloadable for iOS and Android devices. They are available on iOS and android.
- InstaForex Mobile Trader:
This is a mobile trading app developed by InstaForex as android and iOS apps. The app has a lot of features including live quotes, all order types, technical analysis tools, news, and analytics, etc.
Research and Trading Tools
Every weekday, InstaForex provides forex analysis, market news, and analytical reviews. The broker’s team of analysts handles the reviews and analytics. Traders’ calculator, economic calendar and VPS are provided for all clients. The VPS is free only for clients that maintain a balance of $5,000.
InstaForex has a social trading service known as “ForexCopy”. It enables traders to copy the signals and strategies of expert traders at a fee.
InstaForex PAMM enables traders to invest their funds into the system while other expert traders will trade on their behalf.
www.forum.instantforex.com is the broker’s forum where traders interact, exchange ideas and assist each other.
Customer Support
Customer care service is available 24/7 in over 10 languages. You can request a call back by filling the feedback form on the website. You can also reach support by chatting via web instant chat, Viber, Skype, Telegram and WhatsApp. Email and phone calls are also available for support. The social media handles are twitter, facebook, and YouTube.
InstaForex Education
The InstaForex training course is designed for beginners. It is made up of 16 lectures. The course can be downloaded by only InstaForex account holders that have a minimum account balance of $100. There are free training articles and training videos on the website. These learning resources are best for beginner traders.
Bonuses, Promotions, and Contests
The following bonuses are available:
- First deposit bonus of 100%.
- 55% bonus on every deposit.
- 30% bonus on every deposit.
- InstaForex Club bonus is 40% for each deposit.
- Chancy Deposit: Deposit $3,000 to participate in the monthly raffle draw to win $4,000 or more.
InstaForex has 9 sports athletes as brand ambassadors including Daria Kasatkina, Ilona Korstin, Viswanathan Anand, etc. There are numerous trading contests on Instaforex.
Some of them are:
- Hyundai Sonata for Nigeria: Only for Nigerian clients. $500 deposit is required.
- Win Lamborghini from InstaForex: The draw will be held on 20 December 2019. Clients can compete to win this car by topping their accounts with $1,000.
- Trade Wise, Win Device: Deposit $500 and you may win a smartphone in the fortnightly draws.
- InstaForex Sniper: This is a weekly contest where the winner wins $500.
- Great Race: A demo account contest with $6,000 real price money.
- Real Scalping: Monthly demo account contest with a prize pool of $6,000.
- Miss Insta Asia Online Beauty Contest: The winner gets a prize of $20,000.
Conclusion
InstaForex is a global broker with a clear focus on customer satisfaction and appreciation. The broker has localized its services in various countries and speaks several languages. The platforms provided are standard. Its numerous bonuses, contests, and promotions keep traders busy by competing for the prize rewards even on demo accounts. Many clients have already won exotic cars, cash rewards, and gadgets through InstaForex.
Compared to other brokers, InstaForex’s regulation is substandard, the training resources are inadequate and the spreads are high. Yet, the broker is trusted by over 7million traders and has over 40 excellence awards.
I’ve traded in a mini ECN account with InstaForex and Till now I’ve gained my highest profit. In their Mt4 platform, I have found the fixed spread with quick order execution on the live price quote. Besides their technical reviews and advanced charting tools helps me. while I’ve prefered the PAMM system too. I have used an EA, but no issue so far. Therefore I want to continue trade with InstaForex forever in the market.
I say InstaForex broker is reliable for the PAMM system. I have used their MT4 platforms, where I can manage my account by the expert traders. I have invested $500 via skrill and get $150 commission monthly. Their Mt4platforms builtin with many tools, indicators, and advance graph charts. also, I get the latest analysis and news notifications on the platform too, So I can make profitable orders. So I have pleased with the InstaForex broker service so far.
Instaforex is an honest and reliable broker. This company does not only care about their own success. They make sure that their traders are receiving the best services in order to succeed in trading. They do this by giving us a stable platform, affordable trading cost, dependable customer care team, and even bonuses. I think this broker is by far the best that I have seen.
Instaforex is a generous and honest broker. They have been providing great services from trading platforms to withdrawal system. The choices for trading instruments are wide and even the payment method has a number to choose from. I have been with the broker for a few years now and I have always received the best services. Aside from the basic trading tools, this broker also offers programs that are helpful to all clients such as the PAMM system and the ForexCopy system.
I used to be very skeptical with the Forex market because of the high number of fraud brokers. I am afraid that I would end up with a fraud broker. But then a trusted friend recommended Instaforex to me and I gave it a try. Amazingly, this broker is honest and reliable. Their platforms are running smoothly and the spread is fixed. I can also contact the customer support anytime of the day if I ever have any question and they answer if right away.
A good broker I say…They have really fast withdrawals and the bonuses are fquite nice. I got my payments very fast after I ordered the withdrawal.
I m having issues funding my account.. Please I need directions. Can u be of any help?
In my opinion, InstaForex is a very specialized broker. Best MT4 platforms available on the forex market in terms of dependability as well as customization possibilities. Very decent execution with competitive spreads. Instaforex has a good reputation of withdrawal and deposit. They also have a reliability and security of their client’s funds. Moreover, each time deposit I repeatedly received at 30% bonus in my trading account. If you’re looking for a dependable broker, InstaForex is the one.
Hello, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us. We wish you good luck in 2021!
All I can say is that I am grateful to be working with a very generous Forex broker. I found this broker a few years back and I gave it a try since they had promising trading offers. The experience that I got from this broker was way beyond my expectation. They are very generous in terms of giving rewards to their traders.
Hello Amerry Kate, thank you for choosing our company for your experience. We are always glad to help if needed!
Good customer service, lots of pairs to choose from and good leverage. I’m using the eco account which is one of the main reasons I use this broker, nice to know something positive is coming from my trades.
Hello, we are really thankful for your choice and trust. Thank you for the positive feedback!
This is the first time I invested. I chose Instaforex because of their affordable account registration and their beginner-friendly trading conditions. They also offer Forex education which really helped me to make decent trades. Their guidance allowed me to have a pleasant experience.
Hello, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us and for your positive feedback.
I am profitable with the InstaTrade platform in a mini account so far. Really I can do scalping trade with the fixed spread in any currency pair and I have found a live prices quote. As my deal is always perfect. I have a $100 investment and they give me a 55% bonus. Really InstaForex broker has reliable and professional behaviour in the market, which is most important for my forex business.
Hello manekullah, we really appreciate your feedback. We wish you good luck and are always glad to help if it is needed!
I am trading with InstaForex for one and half year now and so far I have had a good experience. I am pleased to say that their execution is outstanding, they have very rarer slippage and their spreads are the best I have ever seen. I received a 5 star service from the support department. I highly recommend Instaforex for serious traders.
Hello leasy, we really appreciate your feedback. Thank you for choosing us!
Trading with InstaForex is quite different experience, among other trading brokers. They provide opportunities to win money without any risk via contests and various bonus offers. This is really amazing to take part in InstaForex contests and win real money. Customer service helpful, all times so quick in responding to emails.
Hello, we really appreciate your feedback. Thank you for choosing us!
I am trading with InstaForex for one and half year now and so far I have had a good experience
customer satisfaction and appreciation. The broker has localized its services in various countries and speaks several languages. The platforms provided are standard. Its numerous bonuses, contests, and promotions keep traders busy by competing for the prize rewards even on demo accounts.
Hello Rijan, thank you for your positive feedback. We always advise our customers to read all the conditions before any actions. You can read them on our official website. They are open to all users.
I recently tried in return the first continuously and I requisite say, I’m impressed with the results. I felt more easygoing and at peace, and my anxiety was significantly reduced. The gummies tasted remarkable and were peacefully to consume. I’ll assuredly be using them again and would vouch for them to anyone looking an eye to a unembellished retreat to alleviate insistence and anxiety.
Instaforex is a scam, they stole 5 dollars that I deposited and they never let me withdraw money
Hello, sorry for the late reply. Can you provide us more about problems you have faced and your trading account number.