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InstaForex Review

Author By Jeffrey Cammack Author Information Updated: November 12, 2020
Overall Rating
3.32 3.32 / 5
Rated #49 of 49 Recommended Brokers
Min. Deposit
GBP 150
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 30
Website Language
Arabic, English, Indonesian, Polish, Portuguese, Chinese, Malay, Vietnamese, Thai
Support Language
English, Arabic, Portuguese, Chinese, Indonesian, Malay
AlertAccepts UK Clients. Average spread EUR/USD 3.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands). 71.71% of traders lose money with this provider.

Summary

InstaForex is an award-winning and well-regulated broker offering a wide variety of account types with good trading conditions and a copy-trading service. With three market execution accounts, one of which is specifically built for scalping, and two instant execution accounts with no minimum deposit, InstaForex will appeal to a wide range of traders.

The market analysis and education sections feature regularly updated content for traders of all experience levels and MT4 is fully supported via download and webtrader.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
110002/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111003/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses

Account Information

Base Currencies
Number of FX Pairs
110
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0 pips
Commission
Fees Included in Spread
EUR/USD
0
GBP/USD
0
USD/JPY
0
Max. Leverage
30:1

Company Details

Company Name
InstaForex Group
Founded
2007
Office Locations
Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine

Is InstaForex Safe?

InstaForex Group has been operating since 2007  and has a reputation of a reliable partner which provides its clients with a safe trading environment. In the EU and UK, InstaForex is a trading name of Instant Trading EU Ltd, which is regulated by CySec (Licence Number 266/15) and the FCA (licence 728735). The firm is a member of the Investor Compensation Fund, a scheme which serves to protect eligible retail clients by paying compensation in the event that a company fails to reimburse funds and/ or financial instruments due to liquidity issues.

InstaForex has received many awards over the years, recently winning the Best Forex Cryptocurrency Trading Platform 2018 at the UK Forex Awards and Best ECN Broker Asia 2018 from International Business Magazine. 

Trading Conditions

Trading conditions at InstaForex are varied across five different account types, with both instant and market execution options available. In Europe, maximum leverage is 30:1 but will be higher elsewhere. Likewise, spreads can be fixed or variable and one of the accounts is even commission-based.

Account Types

InstaForex offers both real and demo accounts. However, there are several types of real accounts from which a trader can choose from.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Cent.Eurica
USD 5
1000:1
0
0.03%-0.07%
Account Details
Cent.Standard
USD 5
1000:1
3
None
Account Details
Insta.Eurica
USD 5
1000:1
0
0.03%-0.07%
Account Details
Insta.Standard
USD 5
1000:1
3
None
Account Details
Islamic
USD 5
1000:1
0
None
Account Details

The account types available are:

  • Insta.Standard: Instant execution, with no minimum deposit and fixed spreads (starting at 2 pips), this account is good for beginner traders who prefer their fees paid in the spread rather than via commission
  • Insta:Eurica: Also instant execution with no minimum deposit, this account is very similar to the Insta.Standard Account – the only difference being a 0 pip spread in return for a commission. 0 pip spreads are offered on major and minor currencies, all other assets will have wider spreads.
  • ECN: The first of the three market execution accounts, minimum deposit here is 100 EUR and spreads are variable but average at 1.2 pips. 
  • ECN Pro: Also market execution, the minimum deposit here is 1000 EUR and the variable spreads are tighter at an average of 0.8 pips.
  • Scalping: This account is built for scalpers, with ultra-fast market execution. Otherwise, trading conditions are the same as the ECN Account

instaforex-account-types-202010

Deposit & Withdrawal

InstaForex allows its retail forex brokers to use a variety of money transaction methods in depositing and withdrawing money from their InstaForex accounts. The allowed methods of money transaction include the InstaForex debit card, credit cards, bank wire, Skrill, MoneyBookers, and Neteller.

Bonuses

Outside of the EU, InstaForex offers a variety of bonuses to its retail traders. These bonuses include: 55% volume bonus, 30% welcome bonus, LFC Partnership bonus on first-time deposit and club bonus for traders with an InstaForex club card (1% for deposits of 500 USD up to 10% for deposits of 15,000 USD)

InstaForex for Beginners

Customer Support

InstaForex clients have access to round-the-clock technical support via e-mail, callback service, Skype, Telegram, Viber, and live chat on working days. One of the major advantages is that all client inquiries are taken with a personal touch and by a dedicated manager.

Trading Platforms

InstaForex trading platforms are the MT4, MT5, ForexCopy System and an online option for mobile traders.  The ForexCopy system allows forex traders to copy trades from their fellow forex traders who are very successful in forex trading.

AlertAccepts UK Clients. Average spread EUR/USD 3.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands). 71.71% of traders lose money with this provider.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.32/ 5
GBP 150
ECN/DMA
Commodities, Forex, Equities
110
2
  • Wide range of assets
  • Copy trading accounts
  • Limited market analysis
  • Limited education
  • Wide spreads
1110.503.5/ 5
110002/ 5
111104/ 5
111104/ 5
111003/ 5
1110.503.5/ 5
111104/ 5
71.71% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Yes
Yes
Cent.Eurica, Cent.Standard, Insta.Eurica, Insta.Standard
Yes
MT4
Bank Transfer, Mastercard, Bitcoin, Broker to Broker
Fees Included in Spread
1110.503.48/ 5
GBP 500
ECN/DMA
Commodities, Forex, Equities
63
4
  • Tight spreads
  • High minimum deposit
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
1110.503.5/ 5
1110.503.5/ 5
111104/ 5
111003/ 5
111003/ 5
111104/ 5
111003/ 5
73.6% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Yes
Yes
Advanced Mark-Up, Advanced RAW, Basic, Institutional
Yes
MT4, Sirix
Bank Transfer, Mastercard, Skrill, Neteller
Fees Included in Spread
1110.503.77/ 5
GBP 1
STP, ECN/DMA
Commodities, Cryptocurrencies, Forex, Equities
37
0
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Limited range of assets
  • Extreme leverage
1110.503.5/ 5
111104/ 5
11110.54.5/ 5
110002/ 5
11110.54.5/ 5
111104/ 5
1110.503.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Yes
Yes
Cent, ECN, Micro, Standard
Yes
MT4, MT5
Neteller, Mastercard, PerfectMoney, Bitcoin
6 USD / lot - ECN Account
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