InstaForex Broker Review

Author By Jeffrey Cammack
Updated: September 24, 2021
Overall Rating
3.32 3.32 / 5
Rated #54 of 56 Recommended Brokers
Min. Deposit
USD 1
Regulators
Trading Desk
Trading Cost
USD 30
Website Language
Arabic, English, Indonesian, Polish, Portuguese, Chinese, Malay, Vietnamese, Thai
Support Language
English, Arabic, Portuguese, Chinese, Indonesian, Malay
AlertAccepts Kenyan Clients. Average spread EUR/USD 3 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands).

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Summary

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.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
110002/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111003/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses

Account Information

Base Currencies
USD, EUR, RUB
Number of FX Pairs
110
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0 pips
Commission
Fees Included in Spread
EUR/USD
0 pips
GBP/USD
0 pips
USD/JPY
0 pips
Max. Leverage
30:1

Company Details

Company Name
InstaForex Group
Founded
2007
Office Locations
Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine

Pros

  • Wide range of assets
  • Copy trading accounts

Cons

  • Expensive withdrawals
  • Limited education
  • Wide spreads

Is InstaForex Safe?

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. 

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
CySEC
B.V.I FSC
ECN/DMA
2007
Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine
0.03%-0.07% Inta Eurica, Cent Eurica

 

Trading Conditions

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.

Account Types

InstaForex offers both real and demo accounts. However, there are several types of real accounts from which a trader can choose from.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Cent.Eurica
USD 1
1000:1
0
0.03%-0.07%
Account Details
Cent.Standard
USD 1
1000:1
3
None
Account Details
Insta.Eurica
USD 1
1000:1
0
0.03%-0.07%
Account Details
Insta.Standard
USD 1
1000:1
3
None
Account Details

The account types available are:

  • Insta.Standard: Instant execution, with no minimum deposit and fixed spreads (starting at 2 pips), this account is good for beginner traders who prefer their fees paid in the spread rather than via commission
  • Insta:Eurica: Also instant execution with no minimum deposit, this account is very similar to the Insta.Standard Account – the only difference being a 0 pip spread in return for a commission. 0 pip spreads are offered on major and minor currencies, all other assets will have wider spreads.
  • ECN: The first of the three market execution accounts, minimum deposit here is 100 EUR and spreads are variable but average at 1.2 pips. 
  • ECN Pro: Also market execution, the minimum deposit here is 1000 EUR and the variable spreads are tighter at an average of 0.8 pips.
  • Scalping: This account is built for scalpers, with ultra-fast market execution. Otherwise, trading conditions are the same as the ECN Account

instaforex-account-types-202010

Deposit & Withdrawal

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.

Bonuses

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)

Customer Support

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.

Trading Platforms

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.

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Broker
Platform Choice
Copy Trading
Platforms
111104/ 5
111104/ 5
Sirix
11110.54.5/ 5

 

Evaluation Method

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.

AlertAccepts Kenyan Clients. Average spread EUR/USD 3 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands).
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.32/ 5
USD 1
ECN/DMA
Commodities
Forex
Stock CFDs
110
11
  • Wide range of assets
  • Copy trading accounts
  • Expensive withdrawals
  • Limited education
  • Wide spreads
1110.503.5/ 5
110002/ 5
111104/ 5
111104/ 5
111003/ 5
1110.503.5/ 5
111104/ 5
71.71% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Cent.Eurica
Cent.Standard
ECN Pro
ECN VIP
ECN/ECN Scalping
Eurica account
Insta.Eurica
Insta.Standard
Islamic
OYS Account
Standard account
Bank Transfer
Visa
Mastercard
Skrill
Neteller
Bitcoin
Unionpay
Broker to Broker
Fees Included in Spread
1110.503.64/ 5
USD 500
ECN/DMA
Forex
Indices
Stock CFDs
Metals
Energies
Cryptocurrencies
63
4
  • Tight spreads
  • High minimum deposit
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
1110.503.5/ 5
1110.503.5/ 5
111104/ 5
111003/ 5
111003/ 5
11110.54.5/ 5
111104/ 5
73.6% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Advanced Mark-Up
Advanced RAW
Basic
Institutional
Premium Mark-up
Premium RAW
Standard
Sirix
Bank Transfer
Mastercard
Skrill
Neteller
Fees Included in Spread
11110.54.03/ 5
USD 1
STP
ECN/DMA
Indices
Cryptocurrencies
Forex
Metals
Stock CFDs
37
0
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Limited range of assets
  • Extreme leverage
111104/ 5
1110.503.5/ 5
11110.54.5/ 5
111003/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Cent
ECN
Micro
Standard
Ultra
Zero Spread
Visa
Neteller
Unionpay
Skrill
Mastercard
PerfectMoney
Bitcoin
SticPay
6 USD / lot - ECN Account
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