InstaForex Broker Review

InstaForex InstaForex is a broker that specialises in providing financial services to traders. Forex traders are equipped with a wide range of financial tools, advanced information technologies, and sophisticated trading platforms. This broker was established in Russia back in the year 2007 and became part of the Financial and Investment Companies known as InstaForex Group. Read on to find out more about this broker.

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9.3 / 10 Reviewer
Support9
Product Range9
Trading Tools and Education10

 

Regulation

Being a transparent and secure brokerage firm, InstaForex is regulated by RAFMM (Russian Association of Financial Markets). This regulatory body sees that the broker abides to set rules and regulations that go in line with customer protection, secure trading services, and makes trading comfortable.

 

Forex Trading Accounts

Basically, there are 4 different types of trading accounts available on InstaForex. The selection of a trading account by a Forex trader is entirely dependent on the initial trading capital, trading needs, and trading strategies. Their accounts are as follows:

 

The Insta Standard Account

  1. A minimum account size of one dollar.
  2. Availability of a medium and fixed spread.
  3. Includes Forex, Gold, Silver, and CFDs as trading instruments.
  4. Comprises of MetaTrader 4, MetaTrader 5 and Mobile Trading as trading platforms.
  5. A margin call level of 30 percent.
  6. A stop out level of 10 percent.

The Insta Eurica Account

  1. A minimum account size of one dollar.
  2. Availability of a medium and fixed spread.
  3. Includes Forex, Gold, Silver, and CFDs as trading instruments.
  4. Comprises of MetaTrader 4, MetaTrader 5 and Mobile Trading as trading platforms.
  5. A margin call level of 30 percent.
  6. A stop out level of 10 percent.

The Cent Standard Account

  1. A minimum account size of one dollar.
  2. Availability of a medium and fixed spread.
  3. Includes Forex, Gold, Silver, and CFDs as trading instruments.
  4. Comprises of MetaTrader 4, MetaTrader 5 and Mobile Trading as trading platforms.
  5. A margin call level of 30 percent.
  6. A stop out level of 10 percent.

The Cent Eurica Account

  1. A minimum account size of one dollar.
  2. Availability of a medium and fixed spread.
  3. Includes Forex, Gold, Silver, and CFDs as trading instruments.
  4. Comprises of MetaTrader 4, MetaTrader 5 and Mobile Trading as trading platforms.
  5. A margin call level of 30 percent.
  6. A stop out level of 10 percent.

Demo Trading Account

As a reliable broker, InstaForex makes available a demo trading account for its clients. This trading account is advantageous to traders in so many ways. A demo account gives traders the ability to upgrade their Forex trading skills and provides them with the opportunity to get acquainted with the market environment. This type of account trains and educates a trader on what the Forex market is all about. It also gives them the opportunity to test running all developed trading strategy for effectiveness. Above all, it gives traders the ability to test the functionality of available trading platforms and tools.

 

Deposit and Withdrawal Options

There is a wide availability of easy deposit and withdrawal options in InstaForex. These payment options are most times instantaneous while other take 2-3 working days upon trader’s request. Examples of available deposit and withdrawal options include Credit cards, Debit cards, Bank Wire transfer, Bitcoin, Egopay, WebMoney, Skrill, Neteller, U-kash, Flispay, and China Union Pay.

 

https://tradeforex.ng/rdr/instaforex

 

Bonuses and Discounts

InstaForex provides a good number of bonuses and discounts for its clients. These bonuses come in the form of promotions, trading awards, competitions/contest, and special offers. These bonuses are for both new and old but only given to customers of the broker. Examples of these bonuses are:

The 100 Percent LFC Partnership Bonus

This is a Liverpool partnership bonus. This partnership gives Forex traders the ability to be partakers of a 100 percent bonus on first deposits. All that is required is the opening, filling of application form and funding of a live trading account. All deposits are credited upon the deposit of two thousand dollars. Withdrawals of profits gained from the fund are performed without any form of restrictions.

 

InstaForex Deposit Bonus

This form of bonus is awarded to traders on every deposit. Every time a trader increases the funds in his/her trading account, he stands the change of gaining the bonus. The fifty-five percent bonus has no influence on a minimum or maximum amount deposited. The bonus is credited to every deposit irrespective of a win or loss trade.

 

Welcome Bonus

Every new Forex trader that holds an InstaForex membership card is free to apply for the welcome bonus. All that is required from the trader is to sign up with the broker, credit your trading account, become a member of the InstaForex Club and fill in the bonus form.

 

Chancy Deposit Bonus

Every year, InstaForex performs a random selection of a trading account with over 3000 dollars and awards a bonus. This bonus is worth 2000 dollars and any trader can be the lucky winner.

 

InstaForex

Forex Trading Services

InstaForex is a beginner friendly broker that provides its clients with effective trading tools and services. These services are important trading features that give clients the ability to trade without difficulties. Every necessary trading parameter is offered by InstaForex and has the advantage of providing an easy way to trade while maximising profits. Examples of these trading parameters include:

 

Forex Copy Monitoring

This feature is a list of Forex traders who give other traders the ability to copy their orders. When a trader signs up with them, his trading account is set up in the monitoring list. When this happens, every trading scenario is being monitored. The account passes through the process of trade analysis, frequency, risk degree, and trading results. The information is stored in the monitoring system which can be accessed by other traders with a click.

 

Forex Option

The brokerage firm includes a system where traders are provided with effective trading technologies for the trade of binary options. Forex traders can comfortably trade instruments like intraday and expiry binary options using cutting-edge services.

 

Forex Copy System

InstaForex provides a trading system where less experienced Forex traders copy the trade order of trading experts.  The major advantage of this system is its ability to minimise losses, increase profits and eliminate emotions from trading.

 

ForexCopy InstaForex

 

Education

As a beginner-friendly Forex broker, InstaForex provides a forum community and a broker hosts education center for beginners. This forum is seen as a training ground where traders can learn about Forex and perfect their trading skills. There is also an eLibrary were trading materials can be found. Most training come in form of online trading tutorials, videos, eBooks, and journals, impacting traders with basic trading knowledge and skills.

 

To Sum Up:

InstaForex gives traders the opportunity of opening a trading account with a minimum deposit of one dollar making it an easy choice for beginners. The broker offers effective Forex services like the provision of PAMM, a copy trade system, their instaWallet system as well as the WebTrader and VPS services. Their Educational material and Demo trading accounts help clients increase their skills and in time become more professional traders. However it’s not only beginners that this broker caters well for. Their bonuses attract the more seasoned trader who invests larger deposits to claim sizeable rewards. This makes InstaForex a great choice whether you’re just starting your journey in Forex or looking to change to a better broker!

 

Want to keep reading? Take a look at more of our Broker Reviews here.

 

 

 

This article has 1 Comment

  1. Back in 2014, I was a novice in trading. Instaforex was my first ever broker, and is my only broker until today. I remember using the Forex Copy feature back then since I was very anxious and I wanted to minimize my losses by copying an experienced trader. Thankfully, I chose a good trader and profited well. But I knew that my anxiousness won’t fade away if I remain relying on ForexCopy and I also aspired to be the trader that a novice will copy. So I worked hard to control my emotions and traded on my own with the help of the customer support. They gave me tips on what to do when I feel like I’m starting to be too emotional. I practiced and I think I did well because I have now reached my goal. I am now one of the traders being followed by other traders.

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