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Last Updated On Jul 20, 2023
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InstaForex is an award-winning broker offering good trading conditions with both market and instant execution across five different account types. With three market execution accounts, one of which is specifically built for scalping, two instant execution accounts with no minimum deposit, and a copy-trading service, InstaForex will appeal to a wide range of traders.
The market analysis and education sections feature regularly updated content for traders of all experience levels and MT4 is fully supported via download and webtrader.
🏦 Min. Deposit | USD 1 |
🛡️ Regulated By | B.V.I FSC, FSA-St-Vincent |
💵 Trading Cost | USD 30 |
⚖️ Max. Leverage | 1000:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5 |
💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, Forex, Futures, Indices, Metals, WTIs |
InstaForex Group has been operating since 2007 and has a reputation of a reliable partner which provides its clients with a safe trading environment. In the EU and UK, InstaForex is a trading name of Instant Trading EU Ltd, which is regulated by CySec (Licence Number 266/15) and the FCA (licence 728735). The firm is a member of the Investor Compensation Fund, a scheme which serves to protect eligible retail clients by paying compensation in the event that a company fails to reimburse funds and/ or financial instruments due to liquidity issues.
InstaForex has received many awards over the years, recently winning the Best Forex Cryptocurrency Trading Platform 2018 at the UK Forex Awards and Best ECN Broker Asia 2018 from International Business Magazine.
Trading conditions at InstaForex are varied across five different account types, with both instant and market execution options available. In Europe, maximum leverage is 30:1 but will be higher elsewhere. Likewise, spreads can be fixed or variable and one of the accounts is even commission-based.
InstaForex offers both real and demo accounts. However, there are several types of real accounts from which a trader can choose from.
The account types available are:
InstaForex allows its retail forex brokers to use a variety of money transaction methods in depositing and withdrawing money from their InstaForex accounts. The allowed methods of money transaction include the InstaForex debit card, credit cards, bank wire, Skrill, MoneyBookers, and Neteller.
Outside of the EU, InstaForex offers a variety of bonuses to its retail traders. These bonuses include: 55% volume bonus, 30% welcome bonus, LFC Partnership bonus on first-time deposit and club bonus for traders with an InstaForex club card (1% for deposits of 500 USD up to 10% for deposits of 15,000 USD)
InstaForex clients have access to round-the-clock technical support via e-mail, callback service, Skype, Telegram, Viber, and live chat on working days. One of the major advantages is that all client inquiries are taken with a personal touch and by a dedicated manager.
InstaForex trading platforms are the MT4, MT5, ForexCopy System and an online option for mobile traders. The ForexCopy system allows forex traders to copy trades from their fellow forex traders who are very successful in forex trading.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the InstaForex product offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.
Find out how InstaForex stacks up against other brokers.
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