“over 7 million clients”General Risk Warning!
InstaForex is a Russian ECN-broker with more than one decade of experience in the foreign exchange market. They serve over 7 million clients with close to 1500 clients opening new accounts every day.
The broker is regulated by the Russian Association of Financial Markets and provides clients with a platform to participate in global markets. Clients can trade stocks, commodities, Forex, CFDs, cryptocurrencies, and indices. In total, the broker offers more than 107 currency pairs and 88 CFDs.
- Award winning broker
- Experienced traders can choose a number of accounts including.
- Micro account
- InstaStandard account
- InstaEurica account
- Cent account
- Opening an account
- Account security system
- Trading platforms
- Payment methods
- Trading servers
- Research and education
- InstaForex bonus programs
- Customer service
- Campaigns and contests
- Why choose InstaForex 300+ trading instruments
- Swap free
- Cryptocurrency trading
- Deposit bonuses from 30% to 100%
- Large clientele base
- Deposits and withdrawal
Award winning broker
InstaForex has been awarded the World finance awards for several years in a row. It has also expanded its operations to other parts of the world including the Asian region. Here is a quick review of the broker.
The broker provides trading accounts for new and experienced traders. Beginners can access a demo account which contains virtual funds to enable the user to develop trading skills without risking real money. While the trading account features are similar to that of a real account, the profit and loss are virtual.
Experienced traders can choose a number of accounts including.
It requires a minimum deposit of $1 and has a leverage of up to 1:1000. A higher leverage allows traders to place a larger position.
It requires a minimum deposit of $1000. While the account does not offer any commission, the spread averages between 3-7 pips. This account can be used by both new and experienced traders.
Additionally, traders can access almost every instrument in the marketplace. Another upside of this account is that you can change the leverage and deposit any amount that suits your budget.
This account does not use spread on trades. It’s suitable for beginners who don’t have to worry about the spread as both the bid and the ask price are same.
This account is suitable for beginners as they require a minimum trading volume. Traders can take a trade with 0.0001 lots to harness their trading skills. Apart from getting the least deal size, you can trade with close to zero risk.
Opening an account
Opening a trading account with InstaForex is straightforward. Just provide your details on the personal area including your name, telephone number, and email address. The broker will ask you to submit documents like ID or utility bills that show your place of residence.
Once you submit your documents, the verification is done within 24 hours. You’ll receive an email when your account is verified. After that, you can fund your account. These details protect your account from the potential risk of hackers.
Opening an account with InstaForex gives clients full protection in the technical and financial aspect. This is one of the few brokers that allow clients to open a segregated account with complete security of clients’ capital.
Account security system
With InstaForex, you don’t have to worry about the security of your funds. This is one feature both new and experienced traders look at. To keep all your information secure, you need to activate the SMS password feature. Every time there is a change of password on the personal area or the trading account, a verification code is sent to your phone.
When your mobile number is linked to your trading account, you receive guaranteed security from unauthorized account access. The same applies when making a withdrawal. With this system, you are guaranteed that your funds cannot be accessed without your knowledge.
InstaForex also uses Two-Factor authentication to safeguard their clients’ personal information. This type of security allows for higher security of accounts compared to a single word password. You can enable this option by visiting the client cabinet. The system will also come up with a personal identification number generated by Google Authenticator.
That’s not all; every client is protected from wiretapping the traffic. The broker also uses high-level encoding and SSL technology to ensure that the passwords are safe. If a client is unable to access the trading account automatically, the personal manager remains bound to the account until the issue is resolved.
The broker offers MT4, MT5, and Multiterminal software platform from Meta-quotes Software Corporation. They are designed to cater to the needs of every trader. The developer offers the platforms for mobile, desktop, and web. They have all the tools you need to monitor the financial instruments.
However, every trading platform has something different. While MT4 is the most popular feature, MT5 offers additional tools and features. Using the MetaTrader platform, you can employ a great variety of trading strategies including trading signals and expert advisors.
This explains why traders use them to create accounts on a daily basis. Likewise, the Multiterminal platform is designed for traders who want to manage accounts for different clients. You can download the trading software from Google Play store for Android and IOS versions.
Using the platform, traders can use the indicators that suit their trading strategy. You can also set the take profit and stop loss. Both MT4 and MT5 platforms can be accessed anywhere and from any device. Once you install the applications, you can trade CDFs, stocks, currencies, metals, and commodities while on the go.
InstaForex also offers unique trading systems. If you have a live account, you can use copy trading and PAMM. When these systems are used well, they give high profits. For traders who have no experience and want to make profits, they can take advantage of the signal follower and PAMM investor.
With copy trading, you can just copy what successful traders are doing and then apply on your trading account. Forex Copy system copies other trades automatically allowing you to focus on your trading.
The broker provides multiple methods of deposits and withdraws including bank wire, Skrill, Neteller, Bitcoin, PaySec, UnionPay, WebMoney, debit cards, and credit cards.
When using bank wire as a deposit method, the transaction is processed within 2-4 business days. Apart from bank wire, the other methods allow for instant deposits/withdraws. To ensure the security of your funds, the method used to deposit must be the same with that of withdrawal.
With more than 7 million clients in their portfolio, InstaForex has more than 10 fully-pledged servers. All of them share traffic with intermediary servers in different parts of the world. Traders can access their trading platform using a high-grade connection.
In case there is an intermediary data center overload, the client is automatically switched to the other data center. The technical support is provided by best American companies. According to the broker, the servers reach clients from any part of the world in less than 0.2 seconds.
Research and education
To harness your trading skills, the broker offers third-party research tools.
Special attention is given to beginners to help them succeed. Some of the tools offered for free include video tutorials, video interviews, and webinars. New traders can get free courses to test their trading strategies. And once you open an account and credit with real funds, you can subscribe for analytics newsletter and trading signals.
The analysis is prepared by professional analysts who have spent many hours studying the market. This information provides a summary of calculations and formulas for practical use. Traders can choose the type of analysis they want and receive right in their email.
You can also access the Forex calendar to study the market events on their website. Better still, you can take advantage of a trading simulator and watch replays of your trades. To put it simply, the broker offers real-time feedback on your profitability.
You can also use the latest online trading technologies to access informational resources and news. This is why thousands of novice and professional traders use InstaForex.
InstaForex bonus programs
The broker offers clients a wide range of InstaForex welcome bonus. They differ in terms of their ultimate size and their use in trading. On the first deposit, clients are offered a 100% bonus. The same amount is credited to your account instantly. This gives traders an opportunity to trade large lot size and can withdraw the profits without any restrictions.
InstaForex also gives 30% bonus to InstaForex card holders. The amount of bonus will depend on the amount you’ve deposited. This type of bonus can go as high as 40%. Another famous bonus is 55%. It’s awarded before your account gets a margin call.
Every trader qualifies for this offer irrespective of how much they have lost in the previous trades. Plus they can make larger deals in Forex. Clients can get all the information on the bonus that suits them best depending on their trading strategy.
Once you open a live account, you’re given a unique affiliate link. By introducing your friends to the broker, you get a commission for every trade they open. Clients under referral get 1.5 pips commission. In Indonesia, there are hundreds of clients who have been successful in the affiliate program.
The broker has thousands of representatives worldwide who render reliable and professional assistance to clients every day. Unlike other Forex brokers, InstaForex provides support services (24/7) that resonate with Asian and European markets.
If you have problems with withdraws you can be guaranteed that your issue will be addressed immediately. Most brokers don’t offer customer service on weekends and public holidays. You can either write an email or contact them via live chat or phone.
The phone numbers are dedicated to specific departments to make the customer service as smooth as possible. Plus, they offer different languages to cater to clients all over the world. Before you contact the customer service team, you can visit the FAQ section to see whether your issue is addressed.
Here, you’ll get all the information regarding the ForexCopy system, affiliate program, trading terms, trading servers, account verification, deposits/withdrawals, and general questions. You can use the search buttons to find the relevant information. Based on consumer demands, the list of sections is updated regularly.
Campaigns and contests
Irrespective of your trading experience, you can participate in contests held by InstaForex. Participants are given a chance to prove their trading experience and are awarded real prizes. Apart from the annual prize pool of more than $500,000, traders can win brand-new devices, premium car or unforgettable trip.
What is more exciting is that the broker allows both novice and experienced traders to participate in these contests. This is a great opportunity to test your skills without risking real money. The trading contests on live accounts allow traders to sharpen their skills and develop a profitable trading strategy.
Because these contests are held for days or months, you can always find one that suits you most. When you visit the website, you’ll find out the completed contests and the active ones. You can also go through the rules and the list of registered participants.
The current contest is a Lamborghini Huracan. By making use of the opportunities provided by the broker, you can make your dream come true by winning the Italian car.
Why choose InstaForex 300+ trading instruments
InstaForex offers more than 300 trading instruments including currency pairs, futures, spot instruments, indices, CFDs, Gold, Silver, Bitcoin, and other instruments. Leverage Depending on the strategy you use, you can choose the best leverage to use from 1:1 to 1:1000. When you’re more conservative, you can go for a moderate leverage. By choosing leverage and adjusting it to suit your trading conditions you develop good money management. The accounts also allow hedging and scalping. To see your profits sour, you should make use of this trading mechanism.
By choosing the swap free feature, you can be free from rollover interest for all positions you hold overnight if you’re a position trader. A free swap account is designed for traders who want to use their trading systems without adjusting to swaps.
By enabling the swap-free option, all trading conditions remain the same.
The broker gives innovative tools and up-to-date analytics to trade cryptocurrencies. The website has a section dedicated to the main events of the Cryptocurrency world.
Deposit bonuses from 30% to 100%
For every deposit, clients receive a decent surprise. The bonus allows you to trade a larger lot size without getting a margin call.
Large clientele base
Every trader wants to invest with a broker without the fear of losing funds. With more than 7 million clients in their portfolio, you can be assured InstaForex will help you meet your investment decisions.
Deposits and withdrawal
InstaForex gives the best conditions for deposit and withdrawals. The broker guarantees the security of your funds regardless of the method you go for.
InstaForex provides clients with the highest grade of services. Traders can access a wide range of instruments, fast execution of orders, great bonuses, cutting-edge technologies, and unmatched customer service.
This is the go-to Forex broker as their account types suit both new and experienced traders.
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