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InstaForex – Forex Broker Review 2022

About InstaForex

InstaForex is one of the most well-known forex brokers on the market. First established in 2007, it is now a large, international broker with over 7,000,000+ clients worldwide. InstaForex is popular for many reasons. It offers excellent trading conditions, advanced trading technology, and sophisticated trading platforms. It also offers great educational resources, helpful market analysis, and expert market outlooks. Above all, Instaforex offers several unique copy trading features. More about those below!

Key Benefits

Regulation

InstaForex has a licence from CySEC in Cyprus. This means that it abides by EU regulation and offers a high level of client protection. It is also registered with the FCA in the UK, as well as many EU regulatory bodies. As such, it is a trustworthy and reliable broker. In addition, InstaForex has licenses from regulators in the British Virgin Islands and St Vincent. This means there are many regulators overseeing its operations and ensuring that it treats its clients fairly.

Fund Safety

As an EU-regulated firm, InstaForex must ensure that there are measures in place to protect client funds. In addition to these measures, InstaForex also has first-class security protocols to help protect client data. For example, it uses both SSL technology and two-factor authentication technology. These extra measures mean that you benefit from a high level of both client data protection and client fund protection.

Trading Platforms

InstaForex uses one of the industry’s most powerful trading platforms – MT4. There are several different versions of the platform available – including MT4 for PC, MT4 for mobile, and MT4 Webtrader. There is also a multiterminal option for traders who need to work on several accounts at once.

MetaTrader4

MetaTrader4 (MT4) is great for new forex traders. It has a user-friendly design and many helpful trading tools. You can use it to trade many instruments including forex, stocks, and indices. The MT4 trading platform has plenty of charting tools, order execution types, technical indicators, and analytical objects. You can use these tools to carry out your market analysis and create better trading strategies.

Trading Instruments

InstaForex offers a wide range of trading instruments. You can trade currency pairs, stocks, indices, metals, commodities, and cryptocurrencies.

  • Forex: Instaforex has 100+ currency pairs to choose from including majors, minors, and exotics.
  • Stocks: They have 80+ stocks including Apple, Disney, eBay, Alphabet, Coca Cola, and McDonalds.
  • Indices: Instaforex has 15 indices across the US, Europe, and Asia.
  • Commodities: They offer trading on Silver, Gold, Palladium, Crude Oil, and Gas.
  • Cryptocurrencies: Instaforex offers trading on 12 cryptos including Bitcoin, Cardano, and Ripple.

Forex Bonuses

Their No Deposit Bonus offers an exciting way to start forex trading. With $1000 bonus you will be able to test their trading conditions and their trading support with no risk and personal investments. The bonus is credited automatically once requested and is available for trading straight away.

Account Types

There are four different types of trading accounts available on InstaForex. You can trade on their Insta Standard or their Insta Eurica. You can also choose from their Cent Standard and their Cent Eurica accounts. As such, you have many options to choose from depending on your initial trading capital, trading needs, and trading strategies.


Spreads

Instruments

Minimum Deposit

Max. Leverage

Commission

Standard

From 3 pips

170+

$1

1:1000

N/A

Eurica

From 0 pips

170+

$1

1:1000

0.03%+

Cent Standard

From 3 pip

170+

$1000

1:1000

N/A

Cent Eurica

From 0 pips

170+

$1000

1:500

0.03%+

Insta Standard

This is their best option for new traders. The minimum deposit is $1. The Insta Standard account comes with an average spread of 3.0 – 7.0 pips. There are no commissions. The account also comes with high leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.01 lots and the maximum trade volume is 10,000 lots.

Insta Eurica

This is another great option for new traders. The minimum deposit is $1. The Insta Eurica account comes with zero spreads. The commission fee is 0.03% – 0.07%. The account also comes with high leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.01 lots and the maximum trade volume is 10,000 lots.

Insta Cent Standard

This is a great choice for forex traders with more capital. The minimum deposit is $1000. The Insta Standard account comes with an average spread of 3.0 – 7.0 pips. There are no commissions. The account also comes with leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.10 lots and the maximum trade volume is 10,000 lots.

Insta Cent Eurica

This is another great option for forex traders with more capital. The minimum deposit is $1000. The Cent Insta Eurica account comes with zero spreads. The commission fee is 0.03% – 0.07%. The account also comes with high leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.10 lots and the maximum trade volume is 10,000 lots.

Demo Account

As a reliable broker, InstaForex also offers a demo trading account. This is great for so many reasons. Firstly, with a demo account you can improve your trading skills and familiarise yourself with different trading strategies. Secondly, with a demo account, you can get a feel for the Forex market and what trading is all about. Finally, you can try out InstaForex’s platforms and trading tools. This is very important for new traders, especially if it’s your first time trading.

Deposits & Withdrawals

InstaForex has many deposit and withdrawal options. These include credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The average deposit processing time is twenty minutes. The average withdrawal processing time is less than four hours.

Trading Tools

InstaForex offers two copy trading tools. These tools allow less experienced traders to copy trades made by trading experts. As such, they help new traders to manage risk and trade more profitably.

Extra Trading Services

InstaForex offers trading technologies for trading binary options. You can trade instruments like intraday and expiry binary options using their cutting-edge services.

Education

As a beginner-friendly Forex broker, InstaForex provides both a forum community and education centre. The forum is a training ground where traders can learn about Forex and perfect their trading skills. The education centre has an eLibrary complete with training guides and learning materials. The education centre also has online tutorials, videos, eBooks, and journals.

Industry Awards

InstaForex has won many awards including best managed accounts, best cryptocurrency trading platform, and best forex copytrading platform.

InstaForex Customer Support

The InstaForex Support team offers excellent customer services and is quick to respond to any customer inquiries. You can reach them via live chat, email, or phone.

Conclusion

InstaForex offers high quality trading services including a PAMM system, a copy trade system, and an instaWallet system. It also offers excellent educational materials, great trading conditions, and a high level of trading support. This makes InstaForex a great choice for all traders – whether you’re just starting your journey in Forex or if you’re looking to change to a better broker!

Ready to start trading? Register for an online trading account with InstaForex here.