Instaforex

InstaForex is a firmly established trading platform that came to the industry in 2007, and in the contemporary era, it has more than seven million satisfied clients. In addition, the broker is capable enough to provide variable trading materials—for example, 100+ foreign exchange pairs, CFDs, indices, commodities, and so on.

The broker also holds an important position in the clients’ priority list because of its out-of-the-box approach toward its clients. That is the clients’ service via telegram, even email communication.

Traders are likely inclined to use the InstaForex trading platform since it has the socialtrading facility prescribed ‘ForexCopy‘ service. Also, from day one, the broker has offered the MT4 trading plarform, the highly used and recommended software.

And most prominently, the broker has multiple account types to offer, which suits the enormous account preference of the consumers. Moreover, flabbergasting features like fixed spreads, floating spreads, VIP account service, language alteration toggle, and diverse payment opotions are why newbies and expert traders choose InstaForex.

Achieved Awards of InstaForex

InstaForex is best known for sponsoring international sports and social events. Some of its sponsored athletes and sports teams, including former and current, are- Biorussia Dortmund, Liverpool FC, Ole Einar Bjorndalen (Olympic champion of biathlete), Dragon Racing, Daria Kasatkina (Tennis rising star), Dakar Rally, and counting.

At the same time, the list of prestigious awards won by InstaForex is also noteworthy. And this list consists of –

• Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards
• Best ECN Broker Asia 2018 by IBM
• Forex Broker of the Year for Eastern Europe 2018 according to Le Fonti Awards
• Development and Success award at Financial Olympus 2016-2017
• Best ForexCopy trading platform 2017 by ShowFX World

Is InstaForex a scam broker?

We are assured of the fact that InstaForex is a safe trading platform. Because all the highly secured regulatory bodies strongly regulate the broker. InstaForex is committed to ensuring clients’ money safety; hence its regulatory laws are strictly applied to its services in different entities. Furthermore, the broker offers low-risk trading with the clients’ highest money/asset protection.

Is InstaForex a regulated broker?

InstaForex broker is a regulated broker with a license issued by CySEC of Cyprus. With this regulation, InstaForex is safely operating its brokerage services in Cyprus and European Union.

Therefore, the broker guarantees its compliance and security to its additional entities in the offshore branches in BVI through the regulations by FSC, Saint Vincent, and the Grenadines.

The regulations from Europe, Cyprus, and FSC have made InstaForex a completely safe broker for a trader. The regulations make sure InstaForex is obeying the rules and transparency.

Under the regulatory law, InstaForex protects its clients’ funds in a separate bank account that is not contaminated with its platform’s balance. Indeed, if any insolvency occurs, a client gets the facility to claim the compensation since InstaForex regulations also cover it.

Leverage Review of InstaForex

Leverage is an account balance booster. That means leverage holds you back if you cannot trade in a more extensive account balance. For example, let’s say you want to start selling in a $10,000 account balance, but you have only $100 in your pocket. Then how will you top up the rest of the amount?

 The answer is simple: with the help of the leverage, you can trade in a $10,000 account balance by selecting a broker offering 1:100 leverage. But trading in a leveraged account also comes with a condition. And the condition is the profit and loss made by trading the leverage amount solely affects your account balance, either enhancing or declining the balance respectively.

InstaForex operates fixed or floating leverage maintaining the rules of its different entities. Therefore, accounts created under the global entities of InstaForex are facilitated with higher leverage ratios like 1:400, 1:500 even max 1:1000.

But the European entity-covered accounts are offering a small number of leverage following the ESMA regulation. For example- on Forex currency pair, it provides 1:30, and on spot metals, it can afford to offer 1:25 power.

Account Types Review of InstaForex

InstaForex.com broker has to offer four dynamic account types that serve different demands of the traders. All the major account types offer convenient pricing schedules, and account types are created with a motif to deliver a dynamic trading experience to all market participants.

So an InstaForex client will get the following account types to trade –

• Insta.Standard account

This account type has standard trading terms in addition to all the viable financial trading instruments. The standard account type charges zero commission, and the spread remains fixed at three pips. The traders can start trading in no time, depositing only 1 dollar.

The micro account will require only 1 dollar as the minimum deposit, whereas the mini and standard accounts ask for minimum deposits of $100 and $1000, respectively.

If we discuss the average leverage of the standard account, the maximum leverage may rise to 1:1000 with lot size expanding from 0.01 lots to a maximum of 1000 lots.

• Cent Standard account

A cent standard account is the best-suited account type for the new school traders who wants to learn and practice live trading with lower risks. Since trade volume can be as low as 0.1 US cents. Indeed, the cent standard account is fully commissioned free but bear in mind the little bit higher spreads co-related with the trading fees.

• Cent Eurica account

This account resembles the cent standard account; the trading volume is tiny (0.1 US Cent), and the highest commission or spreads may vary from 0.03% to 0.07%.

• Insta Eurica account

This account type offers per lot size counting as 0.01 to 1000 lots with high leverage of 1:1000. Although a client doesn’t need to fulfill a minimum deposit requirement, based on the account type and the volume of your trade, the margin amount must need to be deposited.

Insta.Eurica’s account doesn’t impose any spread on trading instruments. That means this account type offers zero spaces. But a minimum commission ranging from 0.03% to 0.07% is applied to the trading positions.

What are the trading materials available on InstaForex?

InstaForex is capable of providing various trading instruments. For example- 110 Forex Currency Pairs, CFDs, less than 90 Stocks, 5 CFD versions of Cryptocurrencies, and many more ingredients are most likely to be added shortly.

CFD

Contracts for differences or CFDs are among the most prominent trading materials on the InstaForex brokerage website. A trader doesn’t need to buy any CFDs. Instead, it is all about assuming the value of the shares and currencies of the derivatives.

The minimum deposit to speculate on the CFDs items is only $100. This kind of material comes with offering leveraged trading facility. That is to say, the trading is subjected to subsequent profit, loss, and margin calls. The maximum leverage offering is 1:20. And The trading fees are mid-range.

FOREX

Trading Forex currencies on InstaForex is relatively easy, and the lot size is unlike the other trading platforms. Per single lot is counted as 10,000, and the max leverage ratio is 1:30. The minimum deposit amount is a budget-friendly one for any income stage client which is only $100. Over 110 Forex currency pairs are ready for trading in the volatile live market.

STOCKS

On InstaForex.EU, an aspirant trader, will likely get to 90 stocks derivatives. Additionally, the highest leverage ratio is found as 1:5, while the least deposit amount is stated as $100.

SOCIAL TRADING

Social trading or copy trading facility facilitates two different aspects- one is the newbie traders can follow the trading strategy set by the market experts. And another is you can set up an area as a market manager, and thus others can borrow your trading style by paying the charge.

Social trading can be done using the online app version of the broker. Again the minimum deposit amount to start trading is only $100, and the max leverage ratio is 1:30.

CRYPTO

InstaForex is not recommended for clients who cater to diverse types of cryptocurrency pairs. This is because, with this broker’s platform, only 5 CFD version cryptocurrencies are allowed to trade.

Demo Account Review of InstaForex

InstaForex has opened the demo account service for the clients for the shake of some benefits. For instance-

• The newbie trader gets to practice the trading skills without any risk of expending the total deposit.
• Best for the traders who want to test the trading platform and have an overall idea about the terms and conditions of the broker
• Traders who desire to get acquainted with the new trading platform

To access the demo account, a client only needs to sign up for the demo account hassle-free and digitalized manner. Additionally, depending on the trading platforms or the medium of the trading operation, you can download the desktop or mobile trading version of the broker.

But at the same time, traders who don’t want to put an extra effort by downloading any additional software or application to run the demo account: can opt for the web version of the broker.

Customer Support

The customer service department of InstaForex is diverse enough to offer an extensive array of contact options. You may cater for a direct call to talk with an expert customer service advisor by clicking on the “request call-back” button on the top menu bar.

Contact via a live chat or email is also a brilliant and handy option for InstaForex clients. The traders catering to the more personal contacts may opt for InstaForex’s clients’ service available through- WhatsApp, Telegram channel, email, messaging, and phone numbers.

Therefore, it has a postal address to maintain clarity among its clients so that the customer may reach the broker in any emergency. The postal address is Spetson 23A, Leda Court, Block B, Office B203, 4000Mesa, located in Limassol, Cyprus.

In most cases, a trader finds almost all the prominent questions and answers in the FAQ section of the broker since the platform is designed for ease in case of any technical or system error occurs.

The customer service remains open 24/5, exceeding the weekends. And the customer service maintains its timetable, which is two hours before UTC.

Fees and Spreads of InstaForex

InstaForex has two major account types; one is the Standard account which has fixed spreads of 3 pips. And on the other hand, zero spreads with a fixed commission signifies the Eurica account.

But a trader holding an account under InstaForex’s European entity is offering ECN, ECN Pro, and scalping account types. And these account types have floating spreads starting from 0.8 pips and high speedy market execution.

One more exciting characteristic of InstaForex account types is it is also operating the swap-free account service to the clients holding an Islamic country residency. You may also try depositing a small amount of money in the cent account. 

It won’t be a bad idea to inform you that depending on your trading technology and the particular entity your account is belonging may assist you in choosing between either commission or floating spreads.

Some clients may wonder if InstaForex is cost-free to open overnight trading positions! But here is a point to be stated for holding the overnight position, your account balance should undergo the credit or debit of the rollover/overnight fee.

FAQs Regarding InstaForex