Reviewed broker: Instaforex
Established in 2007
Location: Russia, 260 representative offices around the world
Regulation: RAFMM
ECN: yes
Interesting fact: 400 new traders register with Instaforex daily.
Trading instruments: forex, gold and silver, CFDs, binary options
Latest awards received by the Broker:
UK MAGAZINE IIM CALLS INSTAFOREX BEST FOREX BROKER IN 2022
Best Forex Broker Central and Eastern Europe 2020 by International Business Magazine
Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards
The Best Forex Broker Eastern Europe 2019 by International Business Magazine
Why Choose Instaforex?
- 300+ trading instruments
- ForexCopy System
- PAMM System
- Cryptocurrency trading
- Binary options
- Deposit bonuses from 30% to 100%
- Market analysis
- Contests
- 7 000 000 clients
- Lamborghini for clients
- Leverage
- Deposit and withdrawal
Instaforex Review : Trading Conditions and Platforms
Trading Platform: Metatrader 4, Metatrader 5, Webtrader
Segregated accounts for clients funds: yes
Micro forex trade size: 0.0001
Minimum trade size: 0.01
Spread types: fixed
Spreads start from 3 pips
Scalping: allowed
Hedging: allowed
Expert advisors: allowed
AMM accounts: available
Maximum leverage up to 1:1,000
One click trading: yes
Automated trading: yes
Social trading: yes, Forexcopy system
Margin call level: 30%
Stop out level: 10%
Currency pairs: 107
Educational material: forex analytics, instaforex TV, training courses, video tutorials
VPS hosting: free for deposits above $5,000
Autochartist: yes
Pattern Graphix: yes
Payment Options
Minimum deposit requirement: $1
Major game changer - Skrill nor Neteller are NO LONGER AVAILABLE as deposit or withdrawal methods!
Credit Card (not all cards are processed)
Wire Transfer (currently unavailable!)
Bank transfer in PHP via Asia United Bank, Banco de Oro, Bank of the Philippine Islands, Chinabank, Coins.ph, EastWest, EON by Unionbank, ePSBank Online, Landbank, Maybank, Metrobank, Philippine National Bank, RCBC, Robinsons Bank, Security Bank, UCPB, Unionbank,
PayCo
AstroPay
Cryptocurrency deposits
There are no limits to withdrawal. You can always request the withdrawal of any remaining amount on your trading account.
Instaforex Review : Account types
Unlimited Forex Demo Account for Free
You can open a fully functional forex demo trading account using professional MetaTrader 4 platform which is rightly considered to be the most popular solution in Forex trading sphere. MetaTrader 4 offers its services on 107 currency instruments, 34 U.S. stocks CFDs, futures CFDs, trades on gold and silver, and many others.
Account types: Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica
Comparison and Review of Account types
|
|
Insta.Standard |
Insta.Eurica |
Cent.Standard |
Cent.Eurica |
|
Deposit currency |
EUR, USD |
EUR, USD |
USD Cents, EUR Cents |
USD Cents, EUR Cents |
|
Minimum deposit |
1 USD |
1 USD |
1 USD |
1 USD |
|
Maximum deposit |
no limit |
no limit |
1000 USD |
1000 USD |
|
Spreads |
3-7 |
0 |
3-7 |
0 |
|
Fee |
0 |
0.03%-0.07% |
0 |
0.03%-0.07% |
|
Minimal trade |
0.01 of the lot |
0.01 of the lot |
0.10 of the lot (equivalent of 0.0001 market lot) |
0.10 of the lot (equivalent of 0.0001 market lot) |
|
Maximal trade |
10000 lots |
10000 lots |
10000 lots |
10000 lots |
|
Leverage |
1:1-1:1000 |
1:1-1:1000 |
1:1-1:1000 |
1:1-1:1000 |
|
Margin for locks |
25% |
25% |
25% |
25% |
|
Margin Call |
30% |
30% |
30% |
30% |
|
Stop Out |
10% |
10% |
10% |
10% |
|
Interest rate |
5% |
5% |
5% |
5% |
Note: Eurica accounts are ECN with 0 spreads and trading fee starting at 0.03%
Islamic swap-free accounts: available
Cryptocurrencies
InstaForex has complemented the list with new crypto instruments. Above all else, the broker offers trading currency pairs, stocks, futures contracts, and binary options.
The major advantage of trading cryptocurrencies intraday is that such strategies yield high returns in practice. Unlike other financial markets where quotes normally fluctuate by no more than 1%, quotes of digital assets can double within 24 hours.
ChainCoin
ChainCoin is a cryptocurrency with its own blockchain that was invented with a view to eliminating intrusion of any banking authority into users' transactions.
Filecoin
Filecoin is an open-source public cryptocurrency and digital payment system which converts unused hard drive space into an algorithmic market.
Uniswap
Uniswap is a cryptocurrency operating on the Ethereum blockchain. It enables exchanging tokens through liquidity pools without third parties and delays.
Polkadot
Polkadot is a multi-chain network which ensures interaction of all blockchains inside it, thus creating a kind of a web of compatible blockchains which make up a decentralized system.
Dogecoin
Dogecoin got its name and logo from the “Doge" meme and features the muzzle of the Shiba Inu dog. This cryptocurrency was invented as the fork of Litecoin in December 2013 and was originally introduced as a funny payment system for Reddit and Twitter users to give tips. This token aroused the interest of Elon Musk. After he had tweeted that Dogecoin was the people's crypto, its value soared 563%.
Chainlink
Chainlink is a blockchain-based platform aimed to eliminate unauthorized involvement of third parties when exchanging data through complicated smart contracts. This technology ensures advanced protection of information not only inside blockchain but beyond it.
Cardano
Cardano runs on the proof of stake technology. It was invented as an alternative to Ethereum. This cryptocurrency platform enables creating smart contracts, decentralized apps and protocols as well as instant transactions of digital assets with minor commissions.
So, apart from widely popular cryptocurrencies such as:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
- Ripple
Instaforex Review : Trading Platforms
FEATURES OF MT4
- 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
FEATURES OF MT5
- 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
- Buy Stop Limit and Sell Stop Limit orders can now be placed without the help of expert advisors, in order to achieve a double bounce
- Expiry dates for pending orders
- Ready-made trading advisors, indicators and scripts available from the in-built online store
OUTSTANDING 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 runs on the MS Windows OS.
INSTABINARY AND WEBIFX
InstaBinary and WebIFX ensure comfortable and successful trading. One of the main advantages of such web platforms is that they do not require any extra plug-in and are compatible with any operating system. A client can trade from any spot in the world. The only condition is access to the Internet.
Instaforex Review : Learning Material and Latest Promotions
100% Bonus
Bonus size: 100%
Crediting: first deposit
Profit withdrawal: yes
Maximum leverage: 1:200
Stop out: 100%
55% Bonus
Bonus size: 55%
Crediting: each deposit
Profit withdrawal: yes
Maximum leverage: 1:200
Stop out: 100%
30% Bonus
Bonus size: 30%
Crediting: each deposit
Profit withdrawal: yes
Maximum leverage: 1:1000
Stop out: 10%
Compatible bonuses: club bonus
InstaForex Club Bonus
Bonus size: up to 40%
Crediting: each deposit
Profit withdrawal: yes
Maximum leverage: 1:1000
Stop out: 10%
Compatible bonuses: 30%
Chancy Deposit
Bonus size: up to 50%
Crediting: once
Profit withdrawal: yes
Maximum leverage: 1:1000
Stop out: 10%
Compatible bonuses: 30%, 55%
Contests: One of the current promotion is “Win Lamborghini from Instaforex”, where traders have a chance to win luxury sports car. The raffle will be held on 20th December 2020. Traders with account balance above $1,000 are welcome to register. Other contests include: Instaforex Sniper, Great Race, Real Scalping, miss Insta 2017, Chancy deposit, Lucky Trader, One Million Option, Rally FX-1, Free Devices
Instaforex club: offers range of privileged options, special bonuses
Customer support: available 24/7 via email, phone, online chat
How was the rating of Instaforex performed compared to other brokers?
This 2022 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Instaforex FX broker performance and features.
Overall our online Instaforex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Freshforex or you find inaccurate details Instaforex broker review please get in touch with us and the changes will be applied.