|(4.8 / 5)||BVI FSC, CySEC||300+||Starting 0.0 Pips||1$|
InstaForex is one of the best known international Forex Broker. If you are searching for an honest review then are you completely right on this website – In my personal review, I will show you the conditions and offers for traders of InstaForex. Is the company so good as its advertisement and should you invest your hard earned dollars there? – Find out in review and test of the Forex Broker.
What is InstaForex? – Broker presented
InstaForex is an international Forex Broker which accepts traders from all over the world. The company was founded in 2007 in Russia and offers different leveraged financial products for retail traders. It is very easy to sign up an account with them and start trading. With them, you can trade on any device and invest in falling and rising markets.
The company is presented as a big brand which got more than 260 offices around the world. Also, there are sponsorships of well-known sports artists. InstaForex is international and in Europe full regulated by finance authorities. That makes a first good impression for me that InstaForex is a good Forex Broker.
Facts about InstaForex:
- International company which grows very fast
- Accept international traders and EU Traders
- Founded in 2007
- More than 260 representative offices
- Sponsorships and more than 30 awards
Review of the Regulation and safety for customer funds
Especially for online trading safety is very important for each client. Some bad companies try to scam traders with special methods. To avoid this fraud the Forex Broker should be regulated and give the trader required safety of customer funds.
InstaForex is regulated international and in Europe. They got different licenses. Traders can choose between the BVI FSC (British Virgin Islands) regulation and the CySEC (Europe) regulation. InstaForex belongs to InstaVector Ltd which is also regulated by the Russia Central Bank.
Furthermore, the company is using only regulated payment methods and store the client’s money separated from the broker’s money on top tier 1 banks. In conlcusion, InstaForex looks through the regulation like safety and reliable Forex Broker.
Facts about the safety for customers:
- Full regulated company
- Regulated in Europe (CySEC) and British Virgin Islands (BVI FSC)
- InstaVector Ltd is licensed by Russia Central Bank
- Regulated payment methods
- Special segregated accounts for big deposits
Perfect conditions for InstaForex Traders or not?
Whether you want to trade forex or commodities, InstaForex is the right broker for you. The company offers to trade leveraged financial products with small trading fees 24/7 per week. The well-known trading platform is available for InstaForex traders. You can use this software with one login data for any devices.
Additionally, traders can choose between different account types which I will explain to you in the next sections. Traders with small and huge deposits can start with InstaForex. The spreads are from 0.0 pips like many other Forex Brokers. Another advantage of this company is that traders can choose any leverage up to 1:1000 maximum if they trade form outside of the EU.
From my experience, the execution of trades is very fast and reliable. You can choose the best server for you. In conclusion, the conditions for customers are at its best for anyone who wants to trade leveraged financial products.
Facts about the conditions:
- More than 107 currency pairs
- More than 88 US Stocks
- Gold and silver trading
- CFDs on futures
- Options and Binary Options
- Minimum deposit 1$
- Spread starting 0.0 pips
- Different account types
- Cent accounts
- Leverage up to 1:1000 (international) and up to 1:30 (EU)
- Fast execution through more than 10 servers
Review of the InstaForex Trading Platform
One of the most important points of a good Forex Broker is a reliable trading platform. InstaForex offers the worldwide well-known MetaTrader 4. This is a universal software which can be used on any device. For example trade on your home computer and your smartphone at the same time.
MetaTrader 4 is very customizable. You can use different chart types, indicators, or programs to develop your trading style. Also, it is possible to install extern indicators or add-ons with this software. In MetaTrader 4, you can clearly watch the markets and do professional trading decisions. One click trading is available for fast execution. Furthermore, you can watch different markets at the same time which makes the platform very useful.
Facts of the MetaTrader 4:
- Available for any device
- You only need one account login
- Full control about your positions
- Free indicators and technical drawing tools für Technical Analysis
- Customizable and user-friendly
- Automatic trading is possible
How to trade with InstaForex?
From my experience, it is very easy to open a position with InstaForex. In the following section, I will show you how to exactly do it step by step. You can use direct market execution or pending order on the platform. Also, it is possible to manage the risk of trade with stop-loss and take-profit. If you got additional questions you can watch my video or get help in the InstaForex education center.
- Analyze and choose the market you want on the trading platform. After you found a good trading idea you can open your position.
- The volume stands for the position size. For example: 1 Lot = 100.000 units in forex. You can use the positions calculator to get the right position size of your trade.
- Manage the risk with stop-loss and take-profit. There are automatic price limits which will close your position in loss or profit.
- You can trade directly through market execution or pending orders. The pending order means that you open you’re automatically your trade position when the markets trigger your entry price.
- Buy or sell. It is possible to invest in rising or falling markets.
Free VPS servers for 24/7 trading
As mentioned before automatic trading is possible with the Metatrader 4. Some traders using expert advisors on the platform. For example, you can buy one or program one by yourself. The VPS server allows you to trade 24/7 the markets with your automatic program.
The VPS server is not free for anyone. For example, you can get a VPS 256 for free with an account balance over 5000$ otherwise you have to pay up to 40$ a month. In conclusion, you can see that there is a different option available and with a higher account balance you pay less money because the broker earns more money through your trades.
How to open your account?
The account opening with InstaForex is not that difficult for any trader. Just sing in your personal data in the form below to create your account. After that, you get access to the trading portal where you can set up your trading account and fulfill the registration.
The Forex Broker needs some information about the trader because it is a regulated company. They have to verify your personal data. All the steps to do are explained by InstaForex. After the verification of your account, you can use all functions of the broker.
Unlimited demo account for beginners
Another important point for traders is to test the broker in a free demo account. This is an account with virtual money which simulates real money trading. InstaForex offers a free and unlimited demo account. It is a good option for beginners and advanced traders to test the platform or improve their trading skills.
Personally. I recommend any trader to use this practice account the get an impression by yourself about the trading platform and conditions.
Which account types are offered?
InstaForex offers normal trading accounts and cent trading accounts in two different versions. The cent account is made for small deposits starting from 1$. The position size is made smaller by 10 times so you can risk less money with the lowest invested money in your trading position.
Traders can always choose between two versions before the account opening. Use the spread (Insta.Standard) or commission (Insta.Eurica) based account. The difference between these two account types is that the broker earns money through a spread or commission. From my experience, it is better to choose the commission account to pay fewer fees.
These accounts are available:
- Cent Accounts:
- Start with a deposit of 1$
- The position size is 10 times smaller than in the normal accounts
- Leverage 1:1 – 1:1000
- Spreads 3 – 7 Pips or 0 Pips and 0.03% – 0.07% commission
- Normal Accounts:
- Start with a deposit of 1$
- Leverage 1:1 – 1:1000
- Spreads 3 – 7 Pips or 0 Pips and 0.03% – 0.07% commission
How to deposit on InstaForex:
After you opened your real account and made the first profits in the demo account, you can do your first deposit with InstaForex. The broker offers more than 20 different payments methods for any country. Sometimes the payment method depending on your country.
You can choose the classic way through a normal bank transfer or use electronic payment methods. The duration of a bank transfer is 1 – 2 days while electronic payments credit the money directly to your account. Another big advantage is that InstaForex does not charge any fees for the deposit.
Review of the withdrawal with InstaForex
Withdrawals should process immediately and correctly by the broker. As InstaForex is a regulated broker there are no problems with the withdrawal. The payments are processed in a maximum of 1 up to 3 working days. From my experience, there are no frauds and the company pays out the profit for traders.
In addition, you can use the same payment methods for the withdrawal as for the deposit. Sometimes there are small fees up to 2% which are depending on your payment method. In conclusion, InstaForex only uses regulated payment methods and proceed the money transactions correctly.
These payment methods are available:
- Local bank transfer and international bank wire
- Bank cards (Visa/master)
- Cryptocurrencies (Bitcoin, Litecoin)
- UnionPay China
- and some more……
Test of the InstaForex bonus system
For international customers, InstaForex is offering a bonus system but the bonus is not available for European clients because of the regulation. There are different types of bonuses which you can apply for your trading account. It is a good way to increase your account balance.
The bonus can be up to 100% but there are some conditions for you. The bonus is for free but you have to fulfill the conditions to withdraw all your money. But there is the advantage to withdraw your profit on any bonus. Not many Forex Brokers give you that opportunity.
InstaForex communicates clearly and transparent which conditions are necessary to get the full bonus. There is always the condition to make a certain trading volume depending on the amount of bonus. You have to trade between 3 and 6 InstaForex lots of the total bonus.
These bonuses are available (only for international traders):
- First deposit bonus up to 100%
- Deposit bonus of up to 55%
- Deposit bonus up to 30% combined with club bonus
- InstaForex club bonus up to 30%
- Monthly promotions
Review of the service and support of InstaForex
First of all, InstaForex offers 24/7 support and service per phone, email, and chat in more than 20 languages. This is a very huge advantage because you can call your broker at any time. From my experience, the support is working very fast and professional. They exactly know what the customer wants and they are friendly to answer your questions.
Another big advantage of the service is education which is provided. InstaForex is one of the best places for beginners to start trading. There are different video tutorials which explain how to trade and professional strategies.
Also, webinars and 1 to 1 coaching are offered by the Forex Brokers. For example, you can sign up for a free trading course with more than 16 different lectures to improve your trading skills. In conclusion, support and service are very reliable. InstaForex offers professional support for its clients.
Facts of the support:
- 24/7 support
- Phone, Email, and Chat
- Daily analysis
- Daily webinars
- Free training and coachings
- Professional and fast support
These countries are available:
InstaForex is an international company with a licence in Europe and the British Virgin Islands. So international traders accepted with some exceptions. The broker does not allow traders from the United States, France, Belgium, and Latvia.
Is InstaForex legal?
Some traders ask if it is legal to trade with InstaForex. Especially in Asian countries or India, they are sceptical. After my research, there are no restrictions for trading with InstaForex. It is fully legal and you can start with this trusted company.
The fastest growing regions and countries are:
Is InstaForex a reliable Broker? – Conclusion of my Review
In this review, I showed you the true facts about the Forex Broker InstaForex. It is a well-known brand in Asia. In conclusion, it is a good company to trade with. It is possible to trade a huge range of markets with low and competitive conditions in the trading platform MetaTrader 4.
InstaForex is fully regulated exclude the possibility of a scam or fraud for customers. The deposit and withdraw methods are working fast and without any problems. Especially for beginners, this broker is very good because you can start with a very low deposit and get a good education. Compared to other Forex Brokers the service is very professional.
Furthermore, you can get a free bonus for your account balance. These facts make the company unique and I can recommend it to trade there.
Advantages of InstaForex:
- A regulated and safe company
- Trade more than 300 different markets
- Competitive spreads
- Cent accounts and high leverage
- Professional 24/7 service in different languages
- Good bonus program
InstaForex offers the best conditions for beginners and advanced traders who want to trade with a reliable broker (4.8 / 5)