Regulation: RAFMM, The Federal Financial Markets Service
Minimum Deposit: $1
Maximum Leverage: 1:1000
Minimum Spread: 0 pips
Bonus: 100% First Deposit
Demo Account: Yes
InstaForex is a pioneer Forex trading company which is known for its excellent service and sound customer support. It was founded in the year 2007 with headquarters based in Russia and since then it has been offering its expertise in online trading business. It has a team of experienced professional who has sound knowledge of the financial market and is always at the forefront sharing their knowledge with the customers concerned. The broker is known for its transparency, personal approach and competence. This is the reason why this merchant is regarded as one of the top 10 Forex brokers of the world. It has more than 250 representative offices all across the globe and most of them are situated in Asia where the broker has registered a lot of success.
InstaForex is extremely popular among customer and because of its esteemed service World Finance and British magazine has awarded it as the Best Broker in Asia. It has been the recipient of this award for the past 3 consecutive years. Apart from that, it has won several laurels and awards from prominent mass media like European CEO, CNBC Business Magazine. The achievements made by this broker are world renowned and it is constantly showcased in several exhibitions like ShowFX Asia and ShowFX World. InstaForex is owned by a group of renowned companies like for instance InstaTrade Investment Company.
InstaForex Trading Figures
- Maximum Leverage: 1000:1
- Payments: MasterCard, Visa, Skrill, Electronic Wire Transfer
- Currency Pairs: 108
- Minimum Margin: 0.1%
- Spreads: 3 Pips on EUR/USD
- CFD’s Trading: Yes
- Scalping Allowed: No
- Fixed Spreads: Yes
- Account Currency: EUR, USD and RUB
- Platform Language: English
At the present time, InstaForex is an unregulated broker and is yet to receive its licensing from major regulatory bodies like CySec and FCA. It does not accept traders from the USA and other clients from the European Economic Area. The broker was previously fined a whopping sum of $140,000 for accepting US traders. On the official website, you will find that the merchant is regulated by the Russian Association of Financial Market Members which is a self-regulatory agency. Although it is not regulated, it does not mean that it is a scam institution. People in the past have traded with this broker and there have been no cases of fraud or a Forex broker scam. However the broker has applied for its licensing from Cyprus and in a short time in future, you could see the merchant regularised by popular regulatory agencies.
MetaTrader4 is the primary trading platform offered by InstaForex and one can download it easily on one’s PC. The interface is extremely intuitive and has been designed keeping the inexperienced traders in mind. The entire package has been pre-configured and one need not have to download anything else. Just download and install the MetaTrader4 and one is good to go. All the charts and other website tools are clearly displayed. Real-time charts are also available and the website is clean and has a rich interface. The admin panel has been designed nicely where one can view trade history, deposits made; withdrawals requested and market-related news. Mobile trading is also available and one can easily trade from their smartphone even when one is travelling and does not have the luxury to sit in front of the PC.
Pros of InstaForex
- Beginners Forex guides course for newbie traders
- 50 data centres and 8 trade servers across the world
- Option to open a segregated account is available
- Easily withdraw funds directly to InstaForex MasterCard
- Buy and Sell swap order is available
- Leverage available up to 1:1000
- Maximum bonus up to 30% is available
- Constantly upgrading its services and other features
- More than 300 different trade instruments are available
Opening a Trading Account at InstaForex
If you are one of those traders who are looking forward to investing money in Forex and unsure about this broker, then you need not have to worry any further. It is a legitimate broker and you would not be risking your money with this merchant. For opening an account, the broker offers an InstaTrader terminal that you need to download on your PC. Here you can open innumerable demo accounts and practice trading without any kind of risks. Once you are comfortable with the trading platform, you can move to the next level and open a real account. You have 30 days to make an initial deposit and the money you put in depends on the type of account chosen by you. There are numerous convenient methods available to deposit money and it is immediately acknowledged. At the same time, the withdrawals are secure and expedite in nature.
InstaForex offers two types of trading accounts named as Insta.Standard and Insta-Eurica. Both the accounts have been designed keeping the novice traders in mind. Recently it has started offering yet another account type known as PAMM or Percentage Allocation Management Module. Under this, every trader can accept investment from different other traders and invest money in other people’s account. In this way, one can share one’s account with the other person. You also have the option to choose between swap and swap free account. There is also an option available to trade with or without spreads. Minute news and other analysis are presented on the website of InstaForex and you need not have to go anywhere else. Open a trade account with InstaForex and start experiencing a new world of online trading.
Expert Advisors and Forex Signals with InstaForex
The broker offers myriad FX signal services and other types of expert advisers through InstaTrader. The platform is known its integrity and subscriber services are available on MQL5.com. Linking the signal is extremely easy and all one needs to do is to select the signal tab and enter the login credentials. A Metatrader window will open and one can then easily access the service. It is interesting to note that the merchant also offers VPS hosting in the event if any trader is interested in automated signals. It is to be noted that this service attracts additional charge that will be debited from the trading account at the end of each month. As of now, the broker is offering this service free of cost to those traders who have a minimum account balance of $5,000.
Assets and Payment Methods
InstaForex offers myriad trading options and as a result of which traders will never feel limited when it comes to exploiting the benefits of the FX market. It offers a large number of financial instruments to trade with and the broker has been constantly adding items under its asset wing. It offers its asset index in several categories like CFD, commodities, currency pairs and indices. As far as the payment service is concerned, one can deposit as well as withdraw money from numerous channels like MasterCard, VISA, electronic wire transfer. Deposits are immediately processed while withdrawals requests are usually processed within 3-5 days owing to a certain verification process.
Bonus and Special Promotions
The broker is known for its generosity in offering the best kind of bonus and other deals to its new as well as existing customers. If you are registering for the first time with InstaForex, you can choose from two different types of bonus plans. The first one is called Welcome Bonus of 30% initial deposit and the second one is called Fixed Bonus which can be requested at a particular schedule. In order to avail the bonus, all you need to do is to open a live trading account and select your choice of bonus option. Once the account is opened, the bonus money will be automatically transferred within the next 24 hours. There are other special promotions available like free gift cards etc and one needs to visit the official website of InstaForex from time to time to know more about such offers.
ForexCopy: An Innovative Feature of InstaForex
The broker offers a unique copy trading feature to its customers known as ForexCopy. Under this scheme, inexperienced traders or people who have just started their Forex career can eventually copy and follow the trade strategies carried out by the successful and best traders in the industry. For each successful trade that is copied, trader concerned will earn a certain commission as well. Another great feature is that the trade account can be opened with $10 which is a very nominal amount and it will have a very low impact on the overall inflation affecting the financial industry. At the same time, traders are also provided with InstaForex MasterCard which can be used anywhere in the world to withdraw money from one’s trading account.
InstaForex has a large number of esteemed customers across the world and this shows the reach of this broker. There have been very fewer cases of negative experience from traders concerned and most of them have praised the overall service offered by this merchant. Given below are some of the client testimonials which are worth reading:
“Trading with this broker was very nice and all the information provided by it was apt and concise. The details are explained beautifully through graphics and other charts” – Gartha Willams, London
“For the past one-year or so, I have been using this broker for my Forex trading and I must say I am enjoying a lot. The trading platform is excellent and user-friendly also” – Adrina Petes, Germany
“What I liked most about InstaForex is the fact that it offers myriad account types for its customers. I have opened an account without spreads and it suiting my trade style” – Lucas Ingold, Spain
The aforementioned InstaForex reviews and testimonials from different clients and customers clearly suggest that the broker is extremely popular in the market. There is no reason as to why you should not trade with this merchant. So go ahead and open an account with InstaForex and give flying wings to your Forex career.
The overall customer service by InstaForex is available in myriad languages like for instance French, German and Spanish, apart from English. The broker offers plenty of options when it comes to interacting with the staff members. One can contact them through live chats, Skype, phone, email as well as it offers a dedicated support forum. At the same time, it offers a wide range of different toll-free numbers for traders across the globe. There have been little or no complaints from traders and this shows the overall efficiency of this merchant. It is very committed to offering the best atmosphere for newbie traders to learn and grow. It is done by offering myriad course materials on basics of Forex trading.
Final Verdict – Why You Should Trust InstaForex
If you are searching for a broker with remarkable trading abilities, then you need have to go anywhere else. InstaForex is your choice of a broker that offers a user-friendly trading platform and you can start with a minimum deposit as low as $10. The money is something you can easily affordable and that too without burning a hole in your pocket. Trading is fun and easy with this merchant and you will be able to develop your trading skills to a great level. You can receive real time quotes which will help you make informed decisions about your trade. It offers a dedicated blog where you can learn the basics of trade and stay connected with traders from different parts of the world.
Apart from that, InstaForex offers myriad trading options which mean that your interests will be completely taken care of without any hassles. The bonus amount is good and it will help you make easy money and it will be beneficial in the long run. The customer support is best in class and representatives are always available round the clock to answer customer’s woes. With Skype and instant chatting, you will feel that you are talking to a real person sitting next to you and what more you could have asked for. If you are really concerned making money in Forex and unsure about how to proceed, then InstaForex is the broker that can be your ultimate saviour. Open a trading account today itself and start reaping the benefits of online trading with InstaForex.