InstaForex Review 2024
Highlights of InstaForex
InstaForex is a renowned broker offering a wide range of trading instruments and specialized accounts. Unique features such as interest accrual on account balances, the ForexCopy automatic trade copying service, and support for cryptocurrency trading make InstaForex an attractive choice for various traders. Customer support is available 24/7, and fee-free account funding is a significant advantage.
InstaForex is ideal for beginner traders and investors interested in passive income through PAMM accounts, as well as those seeking innovative opportunities such as cryptocurrency trading and automatic trade copying.
Pros and Cons of InstaForex
Pros
- Large selection of trading instruments.
- PAMM accounts and the ForexCopy automatic trade copying service for passive income.
- 24/7 efficient customer support.
- Wide range of methods for depositing and withdrawing funds.
- Decent analytical section.
Cons
- Trading commissions are above average.
- No trading accounts with market execution of orders (ECN or STP).
- Broker commission on fund withdrawals.
InstaForex reviews
4.88 out of 5
4.88 из 5
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InstaForex Broker Overview
| Foundation Year | 2007 |
|---|---|
| Official Website | https://www.instaforex.com |
| Regulated in Countries | British Virgin Islands, Cyprus, Saint Vincent and the GrenadinesMore Details |
| Minimum Deposit |
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| Spread | from 0 points |
| Max Leverage | 1:1000 |
| Trading Assets |
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| Trading Platforms |
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| Email Support |
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| Hotline Phones | |
| Social Media |
Telegram
Whatsapp
OK
VK
Viber
Skype
Twitter
MessengerThe InstaForex brand has been known to traders since 2007. The company eventually signed a partnership agreement with MetaQuotes Software, the famous MetaTrader trading platform developer. Collaboration with this well-known brand quickly earned client trust and gained popularity in the Forex trading market.
Today, the company positions itself as the number one broker in Asia. InstaForex operates under a license from the British Virgin Islands. The company has a solid reputation, and many traders choose it for Forex trading.
InstaForex is in the top 10 of the following ratings:
InstaForex Review Summary
Our broker review employs a comprehensive and transparent methodology that allows us to evaluate various aspects of its operations. This includes examining regulatory standards, trading conditions, customer service quality, etc. We aim to provide you with the most complete and unbiased information. You can review our broker evaluation methodology if you would like to learn more about how we assess brokers.
Continue reading the InstaForex review for detailed information to make an informed choice.
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
 Instant Trading Ltd Instant Trading Ltd | BVIFSC BVIFSC |
 Instant Trading EU Ltd Instant Trading EU Ltd | CySEC CySEC |
 Insta Service Ltd Insta Service Ltd | SVGFSA SVGFSA |
Insta Global Ltd Insta Global Ltd | SVGFSA SVGFSA |
InstaForex operates through several legal entities regulated by various financial authorities. However, it's important to note that these are not among the strictest or most authoritative financial market regulators.
Regulation in the British Virgin Islands and St. Vincent and the Grenadines does offer some degree of oversight. Still, they do not carry the same authority and client protection level as regulatory bodies in major financial centers. Cyprus (CySEC), while a member of the EU, is not always considered as stringent a regulator as, for example, the UK's FCA, Australia's ASIC, or the US SEC.
Account Opening
Given the absence of minimum deposit requirements and the option to bypass verification for specific funding methods, it can be said that opening an account with InstaForex is maximally convenient and accessible for a wide range of traders.
Registration
Register on the company's website to open a real or demo account with InstaForex. For a real account, identity verification may also be required.
To register with Instaforex, go to the broker's official website and select "Open trading account" or "Open demo account." The specific choice is unimportant, as accounts of both types can be created after registration.
In the second step, you will receive login details for the personal area and several PIN codes. Write them down in a secure place — this is important, especially when opening a real account.
After registration is complete, the broker will immediately suggest undergoing verification. Let's see how necessary this is.
Verification
Verification is not mandatory if you plan to fund your account with electronic money (Skrill, Neteller) or cryptocurrency. But we still recommend going through it, as in practice, the broker often blocks accounts with unverified identities.
For funding with a bank card, verification at Instaforex is mandatory.
To get your account verified, you will need to upload a photo or scans of two documents:
for identity verification — a passport, international passport, or residence permit;
for proof of residence — a passport (the page with your registration), a bank statement, or a utility bill.
You'll need to verify the card to work with a bank card. For this, you must upload photos of the front and back sides.
For security purposes, be sure to cover part of the information:
on the front, leaving only the date, name, and part of the card number visible — the first 6 and the last 4 digits;
on the back, hide the three-digit CVC code.
Document and card verification takes up to 72 hours.
InstaForex Client Area
Access to the Instaforex personal area is located at cabinet.instaforex.com. Compared to other brokers, the company offers a curious feature — instant execution of trades directly on the site. To buy or sell an asset, go to the "Trading Account" — "Trading" in the menu. Right in the cabinet, you can configure the order type, price, and stop-loss and take-profit levels.
Minimum Deposit
One of the significant advantages of working with InstaForex is the absence of a minimum deposit requirement. This means that traders can start trading with any amount they deem acceptable.
This can be particularly attractive for beginners or those who want to start with a small capital, as they can enter the market and begin trading without worrying about making a large initial deposit.
Miss InstaForex Beauty Contest
Miss InstaForex is an annual beauty contest among female participants. The contest prize fund is 45,000 USD and is distributed as follows:
1st place — 20,000 USD
2nd place — 10,000 USD
3rd place — 5,000 USD
Forex Lady nomination — 5,000 USD
Insta Choice nomination — 5,000 USD
Online beauty contest winners are determined by online voting on the official contest website.
How to Participate
You register on Instaforex and fill out a particular form in the personal area.
Upload 3 of your photos.
Wait for the voting results.
Account Types
InstaForex accounts offer sufficiently flexible conditions to satisfy the needs of most traders. A significant advantage of the broker includes the availability of cent and Islamic accounts, copy trading and PAMM accounts, VPS, and the opportunity to trade binary options.
However, it should be considered that the instant execution of orders may complicate the execution of large orders, which could be inconvenient for traders with substantial capital.
Trading Accounts
| Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica | |
|---|---|---|---|---|
| Account Currency | USD, EUR, RUB | USD центы, EUR центы | ||
| Minimum Deposit | 1 $1 €show all | 1 $1 € | ||
| Trading Platforms | MetaTrader 5MetaTrader 4InstaForex Webtrader | |||
| Spread | fixedfrom 3 pips | floatingfrom 0 pipsfor EURUSD~ 0 pips | fixedfrom 3 pips | floatingfrom 0 pipsfor EURUSD~ 0 pips |
| Commission per Trade | per 1 lot3 $ | per 1 lot3 $ | ||
| Trading Assets | ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities | |||
| Opened Positions | — | |||
| Leverage | 1:1-1:1000 | |||
| Margin Call / Stop Out | 30% / 10% | |||
| Order Execution | MM | |||
| Demo Account | ||||
| Islamic Account | ||||
| Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | |
InstaForex trading accounts are divided into two categories:
Standard accounts have a fixed spread from 3 to 7 points (depending on the specific instrument) with no transaction commission.
Eurica — accounts with zero spread and a transaction commission ranging from 0.03% to 0.07%.
A closer look at the numbers reveals that there is essentially no difference between the accounts. Both Standard and Eurica accounts will charge a trader from 3 to 7 points per transaction in one case it is called a spread and in the other a commission. Eurica accounts may be more convenient for beginners since there is no need to calculate spreads when placing orders in the terminal. However, experienced traders usually prefer the standard rate.
The Stop Out level on all accounts is 10%. A margin position will automatically close if the client's equity falls by 90%. All accounts use the Instant Execution method for order fulfillment, meaning the broker does not route trades to external liquidity providers, potentially complicating the execution of large orders.
Cent Accounts
Each account is presented in two varieties — regular (Insta) and cent (Cent). In the latter case, traders deal in micro lots, allowing them to reduce the transaction amount by 100 times compared to a standard lot.
Also, check all Forex Brokers with cent accounts.
Islamic Accounts
InstaForex offers its clients Islamic accounts or swap-free accounts. To open such an account, contact the broker's support service.
PAMM System
PAMM accounts are a popular way of trust management in Forex. An investor entrusts their capital to one or several traders, each of whom trades according to their strategy. For their services, the trader takes a commission. Meanwhile, the client's funds can only be used for trading and cannot be withdrawn, providing reliable protection against deposit theft.
In the InstaForex PAMM accounts rating, more than 3000 traders are presented. To invest funds, it's sufficient to top up the balance and distribute the money among the selected accounts.
An investor can view statistics for each InstaForex PAMM. The account card displays the trader's balance and the amount of their funds, profit, and even a breakdown by trading instruments. Good managers usually provide additional descriptions and comments on their strategy.
InstaForex PAMM accounts are well-suited for those without trading and investing experience. Nevertheless, they do not promise guaranteed profit and do not protect against potential risks, so caution is necessary.
ForexCopy
A direct alternative to PAMM accounts is copy trading. In this case, the money remains in your account, but another trader makes the trading decisions. You purchase buy or sell signals executed automatically without your participation.
InstaForex has developed its trade copying system, ForexCopy. Working with the platform is very similar to investing in PAMM accounts. Many traders offer both options: entrust your money to management or start copying trades.
What to choose: PAMM accounts or ForexCopy?
The difference between these instruments is manifested in the following aspects:
copying and management commissions for the same trader may vary (either way);
for copying, traders sometimes set additional conditions — for example, larger deposits may be required;
the main advantage of copying is that you don't need to lock up funds in management: they remain in your account, and you earn profit.
The choice of a specific instrument depends on your preferences and the offer of a particular trader. If desired, you can combine both options.
OYS Accounts
Another form of passive investing on InstaForex is the OYS (On Your Side) accounts.
How OYS Accounts Work
You open an account and deposit 1000 USD or more.
A manager opens a trade on the S&P 500 index.
You can close the trade and pay a 25% commission anytime, only if you profit.
Why the S&P 500 index?
According to Warren Buffett, the S&P 500 index is the best asset for investing. Over the past 70 years, the index has shown an upward trend, recovering after every recession and consistently yielding positive results for its investors.
InstaForex Contests
InstaForex regularly holds contests for traders. You can view the current list of competitions on the company's official website.
A notable feature for beginners is the InstaForex contests on demo accounts. By risking virtual money, you can win real prizes.
Among the most exciting contests on InstaForex demo accounts, the following are noteworthy:
Sniper. The competition lasts 7 days and is held weekly. The first-place prize is 500 USD; four other participants receive 100 and 400 USD.
Lucky Trader. A more extended contest that lasts for 2 weeks. The main prize is 1000 USD. A total of 8 prize places.
Real Scalping. Trading takes place over a month, with the main prize being 2000 USD. There are 8 prize places.
FX-1 Rally. A contest for the impatient it concludes in 1 day. The prizes are the same as in the Sniper contest.
Great Race. The duration of the tournament is 1 month. The Great Race is held once every 2 months. The winner receives 6000 USD, and the prize pool totals 55000 USD.
VPS
A VPS is a virtual private data center server operating like a regular computer. It is essential if you plan to use robots or advisors in trading. A VPS works continuously, 24/7, without interruptions.
Types of VPS on InstaForex:
| VPS Type | VPS 256 | VPS 512 | VPS 1024 | VPS 2048 | VPS 3072 |
|---|---|---|---|---|---|
| Hard Disk | 3 GB HDD | 7 GB HDD | 15 GB SSD/NVMe | 20 GB SSD/NVMe | 30 GB SSD/NVMe |
| RAM | 256 MB | 512 MB | 1024 MB | 2048 MB | 3072 MB |
| Processor | 400 MHz | 400 MHz | 3200 MHz | 3500 MHz | 3700 MHz |
| Cores | 2 | 2 | 1 | 2 | 2 |
| Unlimited Traffic | 10 mb/s | 10 mb/s | 1 GBit/s | 1 GBit/s | 1 GBit/s |
| Operating System | Windows Web Server 2008 | Windows Web Server 2008 | Windows Server 2012 R2 | Windows Server 2012 R2 | Windows Server 2012 R2 |
VPS Rates
The cost of VPS services varies depending on the trading balance of the client and the VPS plan:
| Trading Balance | VPS 256 | VPS 512 | VPS 1024 | VPS 2048 | VPS 3072 |
|---|---|---|---|---|---|
| < 500 USD | 5 USD | 10 USD | 12 USD | 15 USD | 17 USD |
| 500-1000 USD | 4 USD | 8 USD | 10 USD | 12 USD | 15 USD |
| 1000-3000 USD | 3 USD | 6 USD | 8 USD | 10 USD | 13 USD |
| 3000-5000 USD | 2 USD | 3 USD | 6 USD | 8 USD | 10 USD |
| > 5000 USD | Free | 2 USD | 4 USD | 6 USD | 8 USD |
You can select and order VPS in the personal cabinet under the tab "Company's Services" -> "VPS Service." The cost of the VPS is deducted from the deposit.
After ordering the server, within a day, you will receive login details for the VPS and a link to the setup instructions by email.
Commissions
InstaForex offers relatively average commissions in comparison to the market. Additionally, the broker may charge a withdrawal fee and an inactivity fee, which can be undesirable for some clients, especially those who trade less actively.
Trading Commissions
Trading commission at InstaForex depends on the account type. On Eurica accounts, there is a transaction commission, while on Standard accounts, the main trading costs are spreads.
Commission per lot
InstaForex charges transaction commissions only on Insta.Eurica and Cent.Eurica accounts, amounting to 3 dollars per 1 lot. These are average commissions for such account types.
Below is the commission per lot for the EURUSD pair with different Forex brokers.
| Broker | IC MarketsRaw Spread | PepperstoneRazor | InstaForexInsta.Eurica | RoboforexECN | FxProRaw+ |
|---|---|---|---|---|---|
| Commission per lot | $3.5 | $3.5 | $3 | $2.16 | $3.5 |
Spreads and Swaps
InstaForex has high spreads and swaps compared to other brokers.
On Standard accounts, the average spread varies depending on the selected trading instrument, but for most currency pairs it is equal to 3 pips.
| Asset | Average spread | Swap long | Swap short |
|---|---|---|---|
| AUDUSD | 3.0 pips | -4.90 pips | -0.50 pips |
| EURUSD | 3.0 pips | -9.40 pips | 1.20 pips |
| GBPUSD | 3.0 pips | -5.50 pips | -3.30 pips |
| NZDUSD | 3.0 pips | -2.60 pips | -3.00 pips |
| USDCAD | 3.0 pips | -2.50 pips | -7.20 pips |
| USDCHF | 3.0 pips | 5.30 pips | -13.30 pips |
| USDJPY | 3.0 pips | -13.50 pips | -22.50 pips |
Withdrawal Commission
The withdrawal fee from InstaForex depends on the trading activity on the account and the chosen payment system. If active trading is conducted on an account funded through the InstaWallet system, and the funding and withdrawal payment systems differ, the withdrawal fee is 2% of the withdrawal amount. If there is no active trading on the account and the payment systems differ, the withdrawal fee is 5% of the withdrawal amount. No withdrawal fee is charged if the funding and withdrawal payment systems do not conflict.
Inactivity Fee
If a client's account is inactive for three months and has a positive balance, InstaForex is entitled to charge an inactivity fee. This fee is 10 US dollars or the equivalent in US dollars per month. Furthermore, after three months of inactivity, InstaForex reserves the right to close the client's trading account.
Commission Rebates (Rebate)
The broker does not provide rebates to its clients. There is a service, getforexrebate.com, which operates separately from InstaForex and offers a commission rebate service. Representatives of the broker confirm that getforexrebate.com is indeed connected with the InstaForex Group. However, real reviews about this site could not be found, so we cannot vouch for the reliability of the service.
Deposit and Withdrawal
InstaForex offers a variety of flexible options for depositing and withdrawing funds, but some fees may be higher than those of some competitors. However, the company compensates for this disadvantage by offering lucrative deposit bonuses.
How to Deposit
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
 Skrill |  USD EUR | 0% | from 2.4 USD |
 Neteller | USDEUR | 0% | from 1 USD |
 YooMoney |  RUB | 0% | from 60 RUB |
 PayCo | USDEURRUB | 0% | from 1 USD |
 AstroPay | USDEUR | 0% | from 1 USD |
 Swift | USDEURRUB | 0% | from 300 USD |
 Visa | USDEURRUB | 0% | from 1 USDfrom 60 RUB |
 Mastercard | USDEURRUB | 0% | from 1 USDfrom 60 RUB |
| Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
|---|---|---|---|
 BTC
(Bitcoin) | BTC | 0% | — |
 LTC
(Litecoin) | LTC | 0% | — |
 BCH
(Bitcoin Cash) | BCH | 0% | — |
 ADA
(Cardano) | ADA | 0% | — |
 USDT
(Tether) | ERC20 | 0% | — |
| USDT
(Tether) | TRC20 | 0% | — |
| USDT
(Tether) | BEP20 | 0% | — |
| USDT
(Tether) | BEP2 | 0% | — |
 DASH
(Dash) | DASH | 0% | — |
 ETH
(Ethereum) | ERC20 | 0% | — |
 DOGE
(Dogecoin) | DOGE | 0% | — |
 BNB
(Binance Coin) | BEP2 | 0% | — |
 EOS
(EOS) | EOS | 0% | — |
 XRP
(Ripple) | XRP | 0% | — |
 NEO
(NEO) | NEO | 0% | — |
Depositing into your InstaForex account is free. Transferring funds using electronic money or cryptocurrency is most convenient since verification for these methods is not mandatory, and the funds are credited quickly. If using a card or bank transfer, the deposit may take several days, especially over weekends.
How to Withdraw Funds
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| PayCo | USDEURRUB | 0% | from 1 USD |
| Skrill | USDEUR | 1.39% limitscommission limits | from 2 USD |
| AstroPay | USDEUR | 0.5% | from 1 USD |
| Neteller | USDEUR | 2% limitscommission limits | from 2 USD |
| Mastercard | USDEURRUB | 2.5%+ 3.5
USD limitscommission limits | from 1 USDfrom 10 to 590000 RUB |
| Visa | USDEURRUB | 2.5%+ 3.5
USD limitscommission limits | from 1 USDfrom 10 to 590000 RUB |
| Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| LTC
(Litecoin) | LTC | 0.5% | — |
| BTC
(Bitcoin) | BTC | 0.5% | — |
| USDT
(Tether) | TRC20 | 1% | — |
| BNB
(Binance Coin) | BEP2 | 1% | — |
| DOGE
(Dogecoin) | DOGE | 1% | — |
| BCH
(Bitcoin Cash) | BCH | 1% | — |
| ETH
(Ethereum) | ERC20 | 1% | — |
| EOS
(EOS) | EOS | 1% | — |
| ADA
(Cardano) | ADA | 1% | — |
| DASH
(Dash) | DASH | 1% | — |
| XRP
(Ripple) | XRP | 1% | — |
| NEO
(NEO) | NEO | 1% | — |
There is a fee for withdrawing money, which depends on the specific payment method used. Using cryptocurrency is usually the most cost-effective.
Funds can only be withdrawn using the same method used to deposit.
This may be inconvenient for some traders, but it is a common practice among brokers to prevent money laundering.
Deposit Bonuses
The list of available Forex bonuses is displayed on the deposit page after selecting the payment method. Most promotions are time-limited — for instance, the once-popular InstaForex no-deposit bonus of 1500 is no longer available today.
Current Bonuses from InstaForex
Bonus Conditions
- Complete verification is required;
- Bonus USD can only be used for currency trading, not for CFDs or metals;
- Bonuses are credited only to MT4 accounts.
100% Bonus
To receive the 100% InstaForex bonus, you must deposit up to 2000 USD and fill out an application to participate in the promotion.
This comes with several significant restrictions:
Trading is only possible with leverage up to 1:200;
The bonus cannot be withdrawn, but the profit made with bonus funds can be.
55% Bonus
The conditions for receiving the 55% bonus are simple - open and fund a trading account using any convenient method, then apply for the bonus.
The minimum trade volume for withdrawing the bonus is 6 lots for every 1 USD received as a gift.
A little trick: InstaForex links the bonus to the client and the trading account. You can open several trading accounts in the personal cabinet, and the broker will credit a bonus to each of them.
30% Bonus
Many readers might logically ask why opt for a 30% bonus when you can get 100% immediately. The answer is simple: unlike the previous offer, the 30% bonus can be withdrawn from the wallet.
To receive the 30% bonus, fund your account using any method and apply to participate in the program.
Bonus funds can be withdrawn, but this is not so simple in practice. For every 1 USD received as a gift, the client must trade 3 lots.
Club Bonus
All InstaForex clients holding a club card are entitled to a club bonus when funding their trading account.
The club card can be obtained in the personal cabinet.
The size of the club bonus depends on the balance of deposits and withdrawals on the trading account since the club card was paid for.
| Balance | Bonus |
| < 500 USD | 1% |
| 500-1000 USD | 2% |
| 1000-1500 USD | 3% |
| 1500-2500 USD | 4% |
| 2500-5000 USD | 5% |
| 5000-7500 USD | 6% |
| 7500-10000 USD | 7% |
| 10000-13000 USD | 8% |
| 13000-15000 USD | 9% |
| > 15000 USD | 10% |
The minimum trade volume for withdrawing the bonus is 3 lots for each bonus received.
You can receive a club bonus even if you have already received a 30% bonus.
Promotions for Account Funding
In addition to deposit bonuses, InstaForex clients can participate in promotions.
Current Offers from InstaForex
"Chancy Deposit" promotion;
"Trade Wise, Win Device" promotion;
Chancy Deposit
The promotion is held monthly. The prize fund is 50,000 USD. Each month, the amount of the draw changes - from 1,000 to 10,000 USD.
To participate in the "Lucky Deposit" promotion, you must open and fund a trading account with at least 3,000 USD. After that, you automatically become a participant in the promotion.
Trade Wise, Win Device
Every two weeks, the company draws four devices: an iPad, iPhone, Samsung, and Samsung Galaxy Tab.
To participate in the promotion, you must fund your trading account with 1,000 USD or more and apply for the contest.
The promotion winners are the owners of accounts whose last digits match the Device number, which is formed from the last 5 digits of the exchange rates of 5 major currency pairs.
Grand Choice
The company draws 6 super prizes:
Lamborghini Urus
Porsche Cayenne GTS
Mercedes-Benz G-Class
Maserati Levante
Tesla Model S Plaid
A cash prize of $200,000
Participating in the promotion is simple - fund your trading account with 1,000 USD.
The promotion's winner is the account owner whose last digits match the Ferrari number - the last 5 digits of the exchange rates of 5 major currency pairs.
The promotion period is 26.12.22 - 12.12.25.
Markets and Products
InstaForex provides various trading instruments, including 110 currency pairs and various Contracts for Difference (CFDs). This includes stocks, global indices, metals, energy resources, commodity futures, and cryptocurrencies. There are also InstaFutures for the EUR/USD pair. This variety allows traders to choose from numerous options, ensuring flexibility in trading strategies.
It is important to note that InstaForex offers an impressive amount of leverage, up to 1:1000 for Forex trading. However, traders should know that high leverage increases the risk of losses.
What markets are available?
| Broker | IC Markets | InstaForex | Pepperstone |
|---|---|---|---|
| Forex | 61 | 108 | 97 |
| Precious Metals | 7 | 8 | 20 |
| Energy Carriers | 5 | 6 | 4 |
| Soft Commodities | 8 | 13 | 16 |
| Indices | 25 | 21 | 26 |
| Stocks | 2175 | 1448 | 986 |
| ETF | 38 | 67 | 108 |
| Bonds | 10 | — | — |
| Cryptocurrency | 21 | 72 | 30 |
Forex
For trading, InstaForex clients have access to 110 currency pairs.
| EUR/USD | GBP/USD | USD/JPY | USD/CHF | USD/CAD | AUD/USD | NZD/USD | EUR/JPY | EUR/CHF |
| EUR/GBP | AUD/CAD | AUD/CHF | AUD/JPY | CAD/CHF | CAD/JPY | CHF/JPY | NZD/CAD | NZD/CHF |
| NZD/JPY | EUR/AUD | GBP/CHF | GBP/JPY | AUD/NZD | EUR/CAD | EUR/NZD | GBP/AUD | GBP/CAD |
| GBP/NZD | USD/DKK | USD/NOK | USD/SEK | USD/ZAR | AUD/CZK | AUD/DKK | AUD/HKD | AUD/HUF |
| AUD/MXN | AUD/NOK | AUD/PLN | AUD/SEK | AUD/SGD | AUD/ZAR | CAD/CZK | CAD/DKK | CAD/HKD |
| CAD/HUF | CAD/MXN | CAD/NOK | CAD/PLN | CAD/SEK | CAD/SGD | CAD/ZAR | CHF/CZK | CHF/DKK |
| CHF/HKD | CHF/HUF | CHF/MXN | CHF/NOK | CHF/PLN | CHF/SEK | CHF/SGD | CHF/ZAR | EUR/CZK |
| EUR/DKK | EUR/HKD | EUR/HUF | EUR/MXN | EUR/NOK | EUR/PLN | EUR/SEK | EUR/SGD | EUR/ZAR |
| GBP/CZK | GBP/DKK | GBP/HKD | GBP/HUF | GBP/MXN | GBP/NOK | GBP/PLN | GBP/SEK | GBP/SGD |
| GBP/ZAR | NZD/CZK | NZD/DKK | NZD/HKD | NZD/HUF | NZD/MXN | NZD/NOK | NZD/PLN | NZD/SEK |
| NZD/SGD | NZD/ZAR | USD/CZK | USD/HKD | USD/HUF | USD/MXN | USD/SGD | USD/PLN | CZK/JPY |
| DKK/JPY | HKD/JPY | HUF/JPY | MXN/JPY | NOK/JPY | SGD/JPY | SEK/JPY | ZAR/JPY | USD/RUR |
| EUR/RUR | USD/INR |
CFDs and Futures
InstaForex offers a variety of CFDs and futures, including:
- Stocks (primarily US-based)
- World indices (including S&P 500 and Dow Jones)
- Metals (gold, silver, palladium)
- Oil and gas
- Commodity futures (soy, cocoa, wheat, and others)
- Cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and others)
- InstaFutures (weekly and monthly futures on the EUR/USD pair)
Oil and gas are available on InstaForex as futures and perpetual contracts. Be cautious when selecting the specific option: futures contracts have an expiration date after which they are automatically closed. The same principles apply to most commodity futures.
Leverage
Below are the maximum leverage values for each category of assets:
| Trading Instrument | Max. Leverage for Retail Traders |
|---|---|
| Forex | 1:30 |
| Precious Metals | 1:20 |
| Energy Carriers | 1:10 |
| Soft Commodities | 1:10 |
| Indices | 1:20 |
| Stocks | 1:5 |
| ETF | 1:5 |
| Cryptocurrency | 1:2 |
This flexibility in leverage allows traders to choose a level of risk and investment that suits their trading style and risk management strategy. However, traders must understand the risks associated with leverage and ensure they manage their positions responsibly.
Trading Platforms
InstaForex offers a wide selection of trading platforms that can satisfy the needs of the vast majority of traders.
In addition to the interface for executing trades in the personal cabinet, InstaForex provides several trading terminals to choose from:
MetaTrader 4: This classic Forex trading terminal is found at most brokers. It is a good choice in every respect. It is available for Windows, iOS, and Android.
MetaTrader 5: A more recent version of the MetaTrader terminal, which has several differences — for example, you cannot simultaneously open opposite positions on the same instrument. Also, MT5 and MT4 from InstaForex differ in selecting trading robots and indicators. Overall, the terminals are similar to each other, so switching from one version to another should not be difficult.
InstaForex Multiterminal: Essentially, MetaTrader 4 can connect up to 128 accounts. This is convenient for traders who combine several trading strategies: they can separate them across multiple accounts and manage all trades in one window. The multiterminal is only available for Windows PCs.
WebTrader: A web terminal that operates in your browser. It is convenient for those who frequently trade from different PCs. The range of functions is limited, but WebTrader has everything necessary for manual trading.
Beginners are advised to start trading on InstaForex with MT5 or MT4. These platforms have a wealth of ready-made robots, indicators, and educational materials. Remember that deposit bonuses apply only to MT4 accounts, which is an additional argument for this terminal.
The trading terminals can be downloaded for free on the official website or in the broker's personal cabinet.
InstaForex Mobile App
To reiterate, MT4 and MT5 terminals are available for Android and iOS. These platforms are the best for mobile trading — they are stable, easy to use, and functional.
InstaForex also offers its app for Android and Windows. It also allows for full-fledged trading, chart viewing, and account management on MT4. In the past, users encountered numerous problems, but the developers have fixed the main bugs, and reviews of the InstaForex app have become more positive.
Analytics
The strong suit of the broker InstaForex is an excellent analytical section for beginners. The company's analysts publish daily market forecasts, breakdowns of trading situations, and vital economic news.
Here are the most critical categories in the analytical section:
Forex Forecast: Specific trading ideas and analytical forecasts for the current day with commentary.
Popular Analytics: Similar to the above, the forecast can cover various time intervals. Pattern Graphix: Automated trading robot signals that search for important patterns on the chart.
InstaForex TV: Daily market reviews in video format from leading InstaForex analysts.
Economic Calendar: Indicates the timing of economic events and their impact on market quotes.
Bitcoin Rate: Online chart and news related to the first cryptocurrency.
Of course, InstaForex analytics does not provide 100% accuracy in forecasts. Trading solely based on these articles, without understanding their content, is probably not the best idea. Nevertheless, InstaForex's analytics can be successfully used to gain a deeper understanding of the market and to adjust your trading decisions.
Additionally, the website offers valuable services for analytics.
InstaForex Services
Dividend Calculator: Helps consider dividend adjustments when trading CFDs on stocks.
Trader Calculator: A tool for calculating the margin of a trade and the cost of a point.
Calendar of International Holidays: Indicates when the market may have low liquidity.
Exchange Hours: Operating hours of trading venues from InstaForex.
Photonews: Photo compilations of events.
Currency Rates and Online Charts: Helps monitor quotes in real-time without a trading terminal. TradingView provides online charts.
If you plan to take a break and distract yourself from trading, InstaForex offers a section with Forex humor or a forum for informal communication.
Education
InstaForex offers high-quality and diverse educational materials, including video tutorials, courses, and webinars, which are helpful for beginners and advanced traders. However, access to the entire academic course is open only to owners of trading accounts. This could be a barrier for those who are considering starting trading and want to get more information before registering with a broker.
In the section for beginners on the InstaForex website, there are courses available for self-study on the basics of trading.
Two sections are particularly notable among the educational materials:
InstaForex Video Tutorials: A brief course that introduces you to the basic concepts and methods of market analysis. It is available to all interested parties.
InstaForex Training Course: A detailed guide to trading Forex with an in-depth dive into each topic. The course consists of 16 lectures. It is available only to owners of InstaForex trading accounts, meaning you need to register with the broker to gain access.
Additionally, InstaForex conducts free webinars every week. Analysts discuss the optimal trading plan for the next 5 days and answer questions from participants in the online meeting. These webinars can be a valuable resource for traders to stay updated on market trends and improve their trading skills.
Customer Support
InstaForex technical support demonstrates a high level of customer service, offering a variety of communication methods and prompt responses to client inquiries.
InstaForex support operates 24/7, and you can contact them in almost any way imaginable:
- Through messaging apps like Telegram, WhatsApp, and Viber, and via Skype — the current links are posted directly on the company's website.
- By support phone — you can order a callback on the same website.
- Through the online chat in the personal cabinet.
- By email at support@instaforex.com.
- On the Twitter account @ifx_consultant.
Some departments operate on a fixed schedule, typically from 8:00 to 17:00 (UTC+0). This applies to the finance, dealing, and partnership departments.
Conclusion
InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.
InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.
FAQ
Is InstaForex legit?
Yes, InstaForex is a legitimate broker regulated by multiple financial authorities, ensuring compliance with industry standards and providing a secure trading environment.
Which country is InstaForex from?
InstaForex is based in Cyprus and operates internationally, serving clients from various regions around the world.
Is InstaForex an ECN broker?
No, InstaForex is primarily a Market Maker broker, though it offers some ECN-like features.
How does InstaForex make money?
InstaForex makes money through spreads, commissions on certain account types, and fees for additional services like VPS hosting.
Is InstaForex good for beginners?
Yes, InstaForex is good for beginners due to its user-friendly platform, extensive educational resources, and the availability of demo accounts for practice.
Does InstaForex offer a demo account?
Yes, InstaForex offers a demo account that allows traders to practice and develop their trading strategies without risking real money.
How can I open an account with InstaForex?
To open an account with InstaForex, visit their official website, fill out the registration form, provide the required documentation for verification, and fund your account.
How can I delete my InstaForex account?
To delete your InstaForex account, contact their customer support team, who will guide you through the process and ensure all necessary steps are taken.
What is the minimum deposit for InstaForex?
The minimum deposit for InstaForex is $1, making it accessible for traders with varying budget sizes.
What is the maximum leverage on InstaForex?
The maximum leverage offered by InstaForex is 1:1000, allowing traders to maximize their trading potential.
How do I deposit funds in an InstaForex account?
You can deposit funds in an InstaForex account through various methods such as bank transfers, credit/debit cards, e-wallets, and cryptocurrencies.
How do I withdraw money from InstaForex?
To withdraw money from InstaForex, log in to your account, go to the withdrawal section, choose your preferred withdrawal method, and follow the instructions.
Does InstaForex provide VPS?
Yes, InstaForex provides VPS (Virtual Private Server) hosting to ensure stable and uninterrupted trading, especially for automated trading strategies.
Is InstaForex suitable for scalping?
Yes, InstaForex is suitable for scalping, allowing traders to execute high-frequency trading strategies with tight spreads and fast execution.
Is InstaForex suitable for auto-trading?
Yes, InstaForex is suitable for auto-trading and supports various automated trading solutions, including its ForexCopy system and MetaTrader 4 and 5 platforms.
Is InstaForex suitable for hedging?
Yes, InstaForex allows hedging, enabling traders to open multiple positions on the same instrument in opposite directions to manage risk.
Is InstaForex suitable for spread betting?
No, InstaForex does not offer spread betting as part of its trading services.
