InstaForex Review – Online Platforms, Commission, Leverage, Account Types, Features & more
InstaForex has managed to gather a client base of over seven million in one of the shortest times in the industry.
The quality of services, large contests, and free tools for demo account holders have given InstaForex a head start in the race.
About InstaForex & Accepted Countries
|Founder / CEO||Ildar Sharipov|
Ildar Sharipov established InstaForex in 2007 so that he could make trading in Forex and CFDs accessible for everyone around the world.
InstaForex is not only known for its seamless features but its innovative services.
The PAMM system, trading contests, and deposit bonuses are major facilities that most of the other companies do not provide.
However, InstaForex is still a little restricted geographically.
The countries where InstaForex’s services are accessible are the United Kingdom, Austria, Greece, Spain, Poland, France, Germany, Italy, Cyprus, Portugal, Switzerland, Ireland, Norway, Denmark, and Sweden.
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InstaForex Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Arabic, Bulgarian, Chinese, Czech, English, French, German, Indonesian, Italian, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese|
The InstaForex Trading Platforms meet all the necessary criteria for a trader of all kinds.
There are three main trading platforms on InstaForex: MetaTrader 4, MetaTrader 5, and their WebTrader. InstaForex was also one of the first broking companies to offer MetaTrader 5 to their clients.
The WebTrader of InstaForex has three different interface layouts. Traders can thus choose the one that suits their trading needs the best.
All trading instruments are available on each of the platforms. MetaTrader 4 and 5 are flooded with free indicators and advisors so that traders can conduct thorough analyses before they start trading.
InstaForex also has a Multiterminal trading platform for brokers. In this manner, traders can work on several trading accounts at the same time.
InstaForex Mobile App
The variety of mobile applications that InstaForex has, is a deal maker. The InstaForex MobileTrader app is a replica of the MetaTrader 4.
InstaForex also has specially designed apps for Education, Analysing, and Strategizing.
The MobileTrader app of Forex Signals, Forex Strategies, and Forex Course are all available on the Play and App Store.
There are also several other apps related to client verification, client area, partners, games, alarm clocks, crypto, and humor that can be found on the Play Store.
If you want to understand why you should choose InstaForex, you must download their app “Why InstaForex”. They have a mobile app for every question.
Check out Mobile Apps of more Forex Brokers
InstaForex Commission or Brokerage or Fees
|Commission on trades||Yes|
Similar to several broking companies, InstaForex makes the use of spreads and commissions for trades. However, this mainly depends on the type of account that you hold.
For a Standard account with InstaForex, you will not have to bear any separate commission charge as the pip includes the cost itself. The starting pip for a Standard account is 2.
In the case of a Eurica Account, the pips are lower at 0.8 and 1.2 because there is an additional commission. InstaForex charges a 0.02% commission on trades in a Eurica account.
The three other account types, ECN, ECN Pro, and Scalping follow a combined model of Standard and Eurica. The pips start from 0.8 but there are no additional commission charges.
InstaForex Exposure or Leverage
InstaForex has given its traders the facility of leverage but with a pre-disclosed maximum ratio.
In the case of cryptocurrencies, the leverage is capped at 1:2 for all EU traders. However, with CFD, the maximum leverage for all retail clients is 1:30.
An added benefit of leveraging InstaForex is the option of changing it.
All Standard account holders have the option of changing their leverage and deposit size by getting in touch with InstaForex’s customer service agent.
For residents that reside out of the EU jurisdiction, the maximum leverage can even be 1:400, 1:500, up until 1:1000.
Payment Methods provided by InstaForex
|Deposit||BPAY, Credit Card, Mastercard, Perfect Money, Skrill, Sofort, Yandex Money|
|Withdraw||BPAY, Credit Card, Mastercard, Perfect Money, Skrill, Sofort, Yandex Money|
There are multiple ways in which you can deposit and withdraw funds from your InstaForex account. They are Neteller, Skrill, Qiwi, Visa Cards, MasterCard cards, Yandex. money, and Bank Transfers.
All these options work for depositing and withdrawing money. For depositing money, Neteller acts instantly while Qiwi, Yandex, Cards, and Skrill take up to 24 hours.
You can even choose to deposit cash directly with any InstaForex office. The withdrawal of money through Qiwi, Skrill, and other online systems can be executed within 1-7 hours.
The best part about InstaForex is the minimum deposit and withdrawal amounts. You can deposit and withdraw even $1. Apart from Bank wire which requires a minimum withdrawal of $300.
You do not have to bear any withdrawal or deposit fees with InstaForex.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by InstaForex
|Supported Cryptocoins||BCH, BTC, ETH, LTC, XRP|
|Total Tradable Assets||NA|
|Number Of Currency Pairs||7|
|Number Of Cryptocurrencies||6|
|Number Of Stocks||8|
|Number Of Indices||9|
|Number Of Commodities||10|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
InstaForex offers a wide range of asset classes for all its traders.
There are a total of seven investment avenues including Insta Futures as well.
There is the Currencies Market, Indices, Stocks, Metals, Oil and gas, Commodity futures, and cryptocurrencies.
For the currency market, there are approximately 110 instruments for traders.
With reference to stocks, there are 89 options. Indices have 15 instruments while metals have just 4.
Oil and Gas cover 17 instruments while commodity futures cover 53. Lastly, there is an option to invest in 11 Cryptocurrencies and 2 InstaFutures.
InstaForex Virtual Trading or Demo Account
The InstaForex Demo account is one of the best in the industry. A demo account is a great way to practice everything about the markets without losing real money.
It is always recommended that all traders must try a company’s virtual trading or demo account first before they open a live account.
Firstly, with InstaForex’s demo account, you have access to all the features of a live account without paying any real money. Additionally, you have the chance of winning real money!
InstaForex hosts several contests and promotions through which traders can earn actual prize money. They get this money as soon as they open their live trading account.
InstaForex Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
The offers and deals of InstaForex are a huge selling point for traders.
Firstly, new account holders can claim a welcome bonus from InstaForex. Apart from this, InstaForex also offers bonuses on deposits for their traders.
However, there are several terms and conditions on the withdrawal of the bonus money. Thus, you must ensure that you go through them well.
Another major offer of InstaForex is the contests that they host.
Traders have a chance of winning major prize money even if they are just demo account holders.
The offers and deals that InstaForex offer are like none other.
InstaForex Regulation or Licensing
Since its foundation in 2007, InstaForex has managed to stay secure and establish itself as a competitor.
InstaForex has three major licenses. Instant Trading EU is authorized by the Cyprus Securities and Exchange Commission (CySEC) while Instant Trading Ltd is authorized by the British Virgin Islands. Instant Global is authorized by the Financial Services Commission.
However, the regulation of InstaForex falls under the CySEC.
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||Yes|
|Other Trading Features||Yes|
The trading features of InstaForex are numerous and hard to compete with. They are as follows:
- Tick trading feature for traders to get stable profits while keeping their risk limited.
- A constant source of financial news to update the traders at all times.
- One-click trading for quicker trade executions.
- A large variety of analysis tools, charts, and indicators.
- No limit on advisors for any account type.
- Three interfaces of the WebTrader.
- Option of a multiterminal for traders who need to handle several portfolios.
- The facility of leverage with limits up to 1:1000 for clients who reside outside the EU.
- Comparatively much lower spreads and commissions for all account types.
InstaForex Account Types
|Account Type||Standard||Eurica||ECN||ECN Pro||Scalping|
|Initial Deposit||No minimum deposit||No minimum deposit||100 EUR||1,000 EUR||No minimum deposit|
|Spread||From 2 pips||0.8 or 1.2 pips||0.8 or 1.2 pips||From 0.8 pips||0.8 or 1.2 pips|
|Commission||No Commission||0.02%||No Commission||Zero Commission||No Commission|
In total, there are five account types that traders can choose from in InstaForex. The Standard account is InstaForex’s most used account as there is no minimum deposit required.
There are no added commission charges in the Standard account either as the costs are included in the spreads.
A Eurica Account does not have a minimum deposit requirement either but has an additional commission charge of 0.02%.
However, the spreads here are comparatively lower at 0.8 or 1.2 only.
The ECN and ECN Pro accounts have a minimum balance requirement of 100 and 1,000 EUR respectively. Both of these account holders do not have to bear commission.
The spreads start at 0.8 for both accounts. Lastly, InstaForex also offers a Scalping account where there is no minimum balance required.
The spreads are 0.8 or 1.2 and the trader does not have to pay any commission.
InstaForex Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||ECN|
|Min Deposit||€1 to €1000|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
InstaForex – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
InstaForex has multiple benefits, but a few of the significant ones are:
- No withdrawal or deposit charges.
- Free contests where demo account holders can participate too.
- Multiple trading instruments to choose from.
- Several mobile applications so that traders do not have to be stuck to their laptops all the time.
- Wide variety of educational and analyzing tools.
- Holds several licenses and is regulated by CySEC.
- Can open multiple accounts under one name.
- There are Islamic accounts too.
- User-friendly trading platforms on all devices.
InstaForex Cons or Drawbacks
Even though there are hardly any drawbacks, InstaForex could work on the following aspects:
- Does not offer services to many financial hubs of the world.
- Trading costs vary according to the country.
- The minimum withdrawal amount for Bank wire is termed at $300.
- Not traded on the stock market.
- No acuity training.
- Absence of one-cancels-the-other orders.
- The market of Bonds and ETFs is missing.
InstaForex Trading Hours
The trading hours of InstaForex run round the clock through the weekdays. The weekends and rare public holidays can act as exceptions.
All instruments are tradable through the weekdays depending upon their respective country.
On weekends, you can access your InstaForex account for educational content and for analyzing different instruments.
InstaForex Customer Care or Contact Details
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||Arabic, Bulgarian, Chinese, Czech, English, French, German, Indonesian, Italian, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese|
To speak to a customer care representative on call, you must request a call-back.
There is a form on the website through which you can submit your query.
Additionally, you can even choose to chat with them online by clicking on the chatbox icon on the extreme right of the page.
All their social media handles can be connected through the same icon.
InstaForex Safety & Security
InstaForex is completely safe as it has incorporated a 128-bit encoding on its platform. The license from different authoritative bodies also guarantees the safety of the platform.
As an InstaForex trader, you do not have to worry about losing your money. Anti-phishing techniques and multiple authentications keep the platform safe.
InstaForex Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||67|
InstaForex Forex Trading – Conclusion or Verdict
InstaForex is the perfect platform for all traders. If you have access to the InstaForex services, you must not look out for any other broker.
InstaForex is the perfect blend of free services, rewards, and on-point trading.
InstaForex Review FAQs
Here is the list of FAQs related to the InstaForex forex trader:
Is InstaForex Safe for Trading?
Yes. InstaForex is a safe and secure platform for all kinds of traders.
Since InstaForex is regulated and has incorporated a 128-bit encoding system, security and safety go hand in hand for them.
What is the Commission for InstaForex?
Standard, ECN, ECN Pro, and Scalping Account holders of Instaforex do not have to bear any commission charges for their trades.
All the costs are included in the spread itself.
However, Eurica account holders have to bear a 0.02% commission as their spreads are lower too.
How to Open a Trading Account with InstaForex?
To open a trading account with InstaForex, you must head to their official website “instaforex.com”. You will find the words “Instant Account Opening” on the top black panel.
Once you click on it, fill in your details and choose your country. You can also choose to create an account through your Google or Facebook account.
Can I invest in Cryptocurrency with InstaForex?
Yes. There are 11 cryptocurrencies on InstaForex among which traders can invest in.
The 11 currencies are Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ethereum, Filecoin, Litecoin, Polkadot, Ripple, and Uniswap.
What leverage does InstaForex provide?
InstaForex provides a maximum leverage of 1:30 in CFD Trading for all EU clients.
Leverage for cryptocurrency trading is capped at 1:2. For clients outside the EU jurisdiction, leverage can be exercised until 1:1000.
Does InstaForex have a trading app?
Yes. InstaForex has a trading app that traders can use to execute transactions.
In addition to a trading mobile app, InstaForex also offers its customers mobile applications for account overview, humor, strategies, analysis, and a lot more.
How to contact InstaForex customer care?
You can contact InstaForex customer care by requesting a call back on their official website.
The red icons on the right-hand side of the website will let you choose how you want them to contact you.
You can even chat with them online by just entering your name, email, and account.
Is InstaForex Regulated?
Yes. As InstaForex has its headquarters in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Is InstaForex good for Beginners?
Yes. InstaForex is suitable for beginners due to the excess of educational materials and free features of trading.
Beginners can also get rewards out of trading by participating in trading contests and winning real cash for their live accounts.
InstaForex offers one of the most suitable tradings accounts for beginners.
Who founded InstaForex?
InstaForex was created by Ildar Sharipov in 2007.
The headquarter of the company is based in Cyprus with an employee count of 100-200.
In a comparatively small amount of time, Ildar Sharipov has managed to bring InstaForex amid the top few companies in the industry.
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