Broker Fast Facts

  • Company Name: Instaforex
  • Established: 2007
  • Country: Cyprus
  • Regulation: CySEC
  • Instruments: currencies, stocks, commodities, indices and cryptocurrencies
  • Minimum Deposit: $1
  • Leverage: 1:1000
  • US Clients: Yes
  • Top Funding Methods: Wire, credit card, Skrill, Neteller
  • Platform: MetaTrader 4, MetaTrader 5
  • Dealing Desk: No
  • ECN: Yes 
 

 

Introduction to Instaforex

InstaForex broker was established in 2007 and at the time of the review had over 7,000,000 clients. This is an ECN broker offering over 200 assets across five asset classes. Over thirty analysts are employed, offering research to clients, and this broker was awarded over 30 industry awards since 2009. 

Regulation

Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082

Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945

Insta Global Ltd. registered in Saint Vincent, IBC24321

InstaVector, licensed by Federal Financial Markets Service, license No 039-11737-100000

Services are provided under InstaForex brand which is a registered trademark.

Instaforex Awards

Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards

InstaForex has received one more prestigious award. The company was recognized as the Most Active Broker in Asia by AtoZ Markets Forex Awards. The winner of this prize was chosen by AtoZ Markets. The voting took place during the period of January 20-February 20. The candidates were nominated according to scores based on such criteria as traders` polls, interviews of brokers, and information presented on brokers’ websites. The goal of the campaign is to assist traders and investors with the selection of a reliable Forex broker. The first list of AtoZ Markets winners was published in 2015. InstaForex has won a trophy during the time when the competition in the Forex industry is at all-time high. We appreciate traders for their acknowledgement and votes. InstaForex will continue to strive for providing best quality services for our clients in Asia and around the world.

The Best Forex Broker Eastern Europe 2019 by International Business Magazine

InstaForex is excited to announce that we finished 2019 on high, having won the Best Forex Broker Eastern Europe 2019 award by International Business Magazine. This award has been added to the list of the titles InstaForex obtained over the years, including "The Best Forexcopy Platform", "The Best ECN Broker", "The Best Managed Account", etc.

This prestigious award is an acknowledgement of the company's outstanding quality and excellence in the forex industry. When you choose to trade with us, rest assured that you are choosing to trade with the best possible trading terms and the best customer service.

The Best Broker in Asia 2019 according to Le Fonti Awards

InstaForex is an honorary award winner in the sphere of services. The company is recognized as the best Forex Broker in Asia according to Le Fonti Awards 2019.

Le Fonti Awards is an annual prize in the fields of commerce, banking, and brokerage services. The achievements of nominees are rated by the jury, consisting of more than a hundred TOP managers and experts. InstaForex has won Le Fonti Awards several times before. Annual recognition from the world’s leading experts confirms that the company is heading in the right direction and deserves to be trusted by its clients. 

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Instaforex Trading Conditions

300+ trading instruments, including currency pairs, stocks, metals, commodities, and cryptocurrencies. 
 
ForexCopy System -  Make the years-long experience of successful traders work for your benefit. With the ForexCopy system you can copy deals of professionals and earn. You can choose a trader based on 20+ criteria and automatically copy his deals. Your deposit remains on your account and you can cancel a deal at any moment.
 
PAMM System - Apart from the user-friendly interface, this system is also known for its efficiency. With the help of this innovative service a trader can manage funds of several investors. This is a win-win solution - investors earn without trading while traders get extra profit for managing investors' funds. PAMM system from InstaForex brings maximum comfort and usability to both investor and trader.
 
Cryptocurrency trading - Innovative trading tools are available in InstaForex! Beginners have a great opportunity to gain experience using a demo account. For experienced traders, we offer sufficient leverage and CFD trading. InstaForex website features up-to-date analytics from professionals and fresh news on the main events of the cryptocurrency world. Carefully read this section and start working with the new trading instruments with InstaForex! 
 
Deposit bonuses from 30% to 100%! Trading with InstaForex is not only reliable but also very profitable. We offer a wide range of deposit bonuses. The bonus size varies from 33 to 100 percent. Carefully study this section and choose the most suitable option for receiving the bonus funds. Moreover, all our clients who deposited at least $1,000 enjoy a pleasant surprise - participation in draws of great prizes. Bonuses from InstaForex allow you to start earning after the first deposit!
 
Contests -  InstaForex has been a leading broker in terms of the prize pool for its customers. We arrange regular contests for both professionals and beginners. This website section contains information about campaigns and contests held by the company. Anyone will find an interesting tournament to take part in. This is not only a way to sharpen your trading skills, but also a brilliant chance to get lavish prizes.
 
Leveraged trading enables traders to earn more profit. Depending on a strategy, a trader can choose the most convenient leverage to work with. InstaForex customers are free to get any leverage from 1:1 to 1:1000. Make use of this trading mechanism to see your profits soar.
 
Cent accounts and standard accounts in three currencies (USD, EUR, and RUB)  

Trading platform

Every InstaForex client is free to choose a trading platform which suits best his/her needs to trade in global financial markets. Today the company offers several types of popular trading terminals. Each of these trading platforms aims to fulfil individual requirements. Below you will find out which platform suits best particular trading objectives.

Features of MetaTrader 4

  • 9 time frames
  • Variety of tools for technical analysis
  • Online financial market news
  • Automated trading
  • Locked positions
  • Wide choice of free indicators and advisors
  • Creating your own indicators and advisors (MQL4)
  • High security 128 bit encoding
  • One click trading
  • Trailing stop

Functional MetaTrader 5

  • 21 time frames (MT4 only has 9)
  • Depth of market (Level II pricing) and contract specifications
  • MQL5 – the new generation programming language for designing expert advisors and indicators
  • Automated quotes archive
  • Advanced set of technical tools
  • Fill Policy - a new field in the Order window
  • Expiry dates for pending orders
  • Ready-made trading advisors, indicators and scripts available from the in-built online store

Functional Multiterminal

Multiterminal allows working with several InstaForex trading accounts at once. Multiterminal is an ideal tool for traders who manage accounts of their clients.(Account Management).

The trading platform software installed on a PC runs under MS Windows operating system. 

InstaForex WebTrader

  • Three interface layouts (classic, dashboard, charts)
  • Convenient and uncluttered charts with analytical tools
  • Tick charts and stream of orders
  • All trading instruments available
  • Latest news and analytics
  • For all types of accounts
  • Synchronization with the company’s other trading platforms

InstaTick Trader platform

  • Platform customized for making tick trades
  • 6-digit quotes
  • InstaTick Trader can be accessed from a web browser without logging in the client area and installing an MT4 plug-in
  • Simple and user-friendly interface
  • For all types of accounts

InstaTick Trader is a trading platform tailor-made by InstaForex to make tick trades. Its key advantage is 6-digit quotes. This feature enables traders to boost profits because even minor fluctuations matter a lot in profit assessments. With InstaTick Trader, traders can make deals and monitor market developments in a web browser with no downloads required.

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Trading Accounts

Demo

In order to start trading on demo account, you should:

  • Open forex a demo account
  • Get account number and password
  • Download MetaTrader 4 and log in to it using the received data
  • Start forex trading on demo account

Insta.Standard Trading Accounts

These types of accounts are relevant for standard trading terms on Forex market and function without fees. Once a trader gets access to all trading instruments he/she pays a fixed spread setting a trade.

Insta.Standard accounts work for all types of traders and allow a trade to be settled with classical spread and with no fees. The main advantage of this type of account is its universality, as often a trader can change the trading leverage and work with a deposit size convenient for him/her. The features of the account allow trading with Micro Forex (minimum deposit $1-10), Mini Forex (minimum deposit $100), and Standard Forex (minimum deposit $1000).

Insta.Eurica Trading Accounts

The account of this type does not require any spread to be paid at opening a trade. For most currency instruments of Insta.Eurica account type zero spreads are applied, due to this the BID price is always equal to the ASK price. It should be noted that the offered price runs higher than the BID price (on the basis of which a chart in the trading terminal is plotted) by half of the standard spread for a given trading instrument which is rounded up to its integral value due to some technical peculiarities of the MetaTrader 4 platform.

This account type is recommended for newbies because it is not necessary to take into consideration the spread in case of pending orders usage: a pending order is executed right when the price reaches its value if the spread equals to 0. Before GTC orders’ placing and market entrance there is no necessity to calculate spread influence on the position result, this makes technical analysis highly effective.

Aside from the fact that Insta.Eurica accounts allow the newbies to get the hang of the market using a simpler system of trades conducting, this account type can be also used by professional traders, because its trade characteristics are the same as of Insta.Standard account type.

Cent.Standard and Cent.Eurica trading accounts

Cent.Standard and Cent.Eurica account types are developed for beginning traders and oriented to those clients who just learn to trade, and for this purpose they need access to the minimal possible trade volume. Micro Forex is available with the lot volume of 0.0001 of the market lot (the lot price is 0.1 U.S. cents) and allows practicing almost without any risks for deposit. This type of account will suit well those who want to test trading strategies with minimal risks using the trade advantage of 0.0001 lot.

In addition to the smallest allowed trade volume - 0.0001 of the market lot - the owners of Cent.Standard and Cent.Eurica accounts have the same trading terms as Insta.Standard and Insta.Eurica. The only constraint here is the maximally allowed deposit size for cent group accounts of Cent.Standard and Cent.Eurica related to their directivity to the beginning traders. For more experienced traders it is recommended to open accounts of Insta.Standard and Insta.Eurica types which do not have any size constraints for maximal deposit and deal size.

Minimal trade size

The size limitation of the minimal trade equals to 1 lot ($1 per pip) for accounts of Standard and Eurica types with balance over $100,000 or its equivalent in other currencies.

USD, EUR, RUB accounts

To protect your funds from risks involving a decline in the US dollar exchange rate, you have an option to open an account in a different currency. Non-dollar accounts boost their weight with the rising account currency.

Swap-free accounts

The swap-free service is developed for traders who use trading systems that do not allow for swaps. This type of service also applies to the group of clients who cannot use swaps based on their religious beliefs. That is why this account type is also referred to as Islamic. If you choose the swap-free system, all the rest trading terms applied to Standard and Eurica accounts will be the same.

InstaForex Bonuses

InstaForex offers its clients a wide range of bonuses. They differ in size, conditions for receiving, and the use in trading. Remarkably, profits made with the use of bonuses can be withdrawn. The information on this page can help you to choose the bonus suitable for your trading strategy and deposit. 

100% Bonus

Bonus size: 100%
Accrual: first deposit
Profit withdrawal: yes
Maximum leverage: 1:200
Stop out: 100%
Compatible bonuses: none

55% Bonus

Bonus size: 55%
Accrual: every deposit
Profit withdrawal: yes
Maximum leverage: 1:200
Stop out: 100%
Compatible bonuses: none

 30% Bonus

Bonus size: 30%
Accrual: every deposit
Profit withdrawal: yes
Maximum leverage:  1:1000
Stop out: 10%
Compatible bonuses: club bonus

InstaForex Club Bonus

Bonus size: up to 40%
Accrual: every deposit
Profit withdrawal: yes
Maximum leverage: 1:1000
Stop out: 10%
Compatible bonuses: 30%

Chancy Deposit

Bonus size: up to $10 000
Accrual: once
Profit withdrawal: yes
Maximum leverage: 1:1000
Stop out: 10%
Compatible bonuses: 30%, 55%

Below you can find a summary table of our bonuses. We have compared them based on the verification requirements, a possibility to withdraw, the maximum leverage, the stop out level, and other parameters. Please, analyze this information and choose the bonus that suits you best.

  30% 55% 100% Club bonus Coupon bonus*
Profit withdrawal Allowed Allowed Allowed Allowed Allowed
Verification Not required Not required Second level Not required Second level
Maximum bonus amount Unlimited Unlimited Unlimited Unlimited 50$
Crediting principle For each new deposit For each new deposit For the first deposit only For each new deposit One time only
Compatible bonuses InstaForex Club Bonus None None 30% Bonus 30% Bonus and 55% Bonus
Availability for new customers Available Available Available InstaForex Club members only Available
Availability for multiple account holders Available Available Available Available Available
Lots for bonus withdrawal X*3 InstaForex lots, where X is the total amount of all bonuses received  X*6 InstaForex lots, where X is the total amount of all bonuses received Unwithdrawable X*3 InstaForex lots, where X is the total amount of all bonuses received  X*5 InstaForex lots, where X is the total amount of all bonuses received
Maximum leverage 1:1000 1:200 1:200 1:1000 1:1000
PAMM investing Available 50% only Not Available Available Not Available
Options trading Not Available Not Available Not Available Not Available Not Available
Stop Out 10% 100% 100% 10% 10%
 

Instaforex Payment Options

 
There is no minimum deposit, hence the minimum deposit requirement is $1.
 
Instaforex offers over 10 ways to deposit and withdraw money: Visa, MasterCard, bank transfer, electronic payment systems such as Qiwi, Skrill, Neteller and Yandex.Money, Cryptocurrency wallets

Does the company charge any fees for depositing money to your account?

The company does not charge any fees for depositing money to your trading account. However, your transaction amount will be charged with a commission by a payment system or a bank which credits or debits your account.

How long does it take to top up a trading account?

Depositing via Neteller is instant, while it takes Qiwi about 15 minutes to perform it. Yandex.Money needs about 3 hours; Visa and MasterCard cards, up to 24 hours according to the chosen payment method. Topping up via Skrill also takes up to 24 hours. Depositing your account in cash in our offices takes 1-4 hours. A bank transfer lasts up to 4 days.

How long does it take to withdraw money from a trading account?

Withdrawal via QIWI, MoneyBookers/Skrill and other online payment system takes 1-7 hours. Taking money by bank transfer takes 2-4 days. Money can be withdrawn from your Visa card in 1-6 bank days. 

What is the minimum withdrawal amount?

There are no limits to withdrawal. You can always request the withdrawal of any remaining amount on your trading account. The exception includes bank wire (minimum amount for withdrawal is 300$). For wallets, electronic payment systems and bank cards - minimum amount for withdrawal is 1 USD, including commission. Also please pay attention to the commission which a bank can charge for an operation: up to 30 US dollars.

Customer Support and Education

 
Market analysis -  Trading can hardly be profitable without proper market analysis. This section contains fresh forecasts and reviews: expert outlooks, technical and fundamental forex analysis. The material compiled by InstaForex analysts will keep you in the know. Keep wise to the market trends!
 
Customer representatives can be reached via email, skype, whatsapp, phone and Facebook.

How are 2020 Reviews created?

Our detailed 2020 Forex Broker Review of most reputable online international forex brokers consist of testing, comparing and researching of more than 100 facts and features offered by each brokerages. This site offers latest and accurate data on each broker listed, providing our visitors quality reviews. Our agenda is to help new traders find the best way to start forex trading.