- Award-Winning Broker
- Wide Asset Range
- MetaTrader 4 and 5 Offered
- Large Client Base
- EU Regulation
- 5 Deposit Currencies (EUR, USD, PLN, CZK, GBP)
- No Deposit Fees
- No Proprietary Software
Founded in 2007, InstaForex has been providing its clients with access to the Forex market for years. The company offers innovative service and high-tech customer support, and it boasts over a million clients from around the world. InstaForex allows access to global trading floors and products, from Forex to ECN to derivatives and commodities.
The company was one of the first to invest money in the PAMM System, and it provides copy trading through the ForexCopy system. The company began offering its clients MetaTrader 4, and it was one of the first brokers to do so. InstaForex offers investing, competitive trading, and a large client base, and it has become one of the leaders in trading as a result.
InstaForex has picked up a ton of awards for its work, including: Best Forex Broker Central and Eastern Europe 2020 by International Business Magazine, Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards, and Best Affiliate Program 2020 according to Global Brands Magazine. Read through to learn more of the details about this innovative broker.
Account Types
|
MTS |
Pro MTS |
|
|
Features |
Market Execut ion, No Deposit Fees, Floating Spreads |
Market Execution, No Deposit Fees, Float ing Spreads |
|
Account Currencies |
EUR, ,£1N,QllS, |
EUR, . . . |
|
Available Leverage |
Varies based on asset |
Varies based on asset |
|
Minimum Deposit |
1000 EUR (Or Equivalent in Other Currencies) |
10000 EUR (Or Equivalent in Other Currencies) |
|
Commission Per Trade |
Depends on Asset |
Depends on Asset |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
2,500+ Instruments |
2,500+ Instruments |
|
Min. Lot Size Per Trade |
0.1 |
0.1 |
|
Spreads |
0.0 (Raw) |
0.0 (Raw) |
|
Demo Account |
Yes |
Yes |
|
Swap/ Rollover Free |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
ECN accounts are available for both MT4 and MT5. These accounts are of three levels: ECN, ECN PRO, and ECN VIP. Basically, they differ from each other by the deposit requirements and commission values. So, professionals who are used to trading big volumes are likely to find PRO and VIP accounts more convenient. All ECN accounts offer market execution and raw floating spreads. MT4 accounts have approximately 220 trading instruments and lower deposit requirements while MT5 accounts have more than 2,500 instruments.
A very interesting offer, especially for beginner traders, is an ECN account on the MT4 platform where the minimum deposit required is only 200 EUR (or equivalent in other currencies like: USD, PLN, CZK).
Trading Platforms
- MetaTrader 4
- MetaTrader 6
- WebTrader
- MobileTrader
- Multiterminal
Compliance & Regulation
InstaForex’s company is a division of Instant Trading Ltd., which is licensed in the British Virgin Islands by BVI FSC. The license number for this company is SIBA/L/14/1082. Insta Service Ltd. is registered with FSC St. Vincent, and its registration number is IBC22945. Insta Global Ltd. is registered in the same location, with a registration number of IBC24321.
Pricing
InstaForex charges a 0.1% fee on CFDs. Commissions between 0.03% and 0.077% are charged on certain accounts, and the withdrawal fee is between 1.5% and 1.8%. Investor features to note here are InstaForex’s PAMM System, Forex Copy, and Passive Investments.
PAMM System
InstaForex’s PAMM System gives its clients an opportunity to invest in Forex projects. PAMM investors can accept Forex investments from fellow traders, or they can invest funds into PAMM Forex accounts and become shareholders in the accounts. PAMM Accounts are available for two types of users: customers who are registered with PAMM as investors, and customers who are registered with PAMM as traders.
Forex Copy
Copy trading is a process that allows you to copy the trades of successful traders, giving you an edge in the trading environment. Forex Copy is InstaForex’s copy trading service, and it lets you copy trades, even when you’re not near your terminal. Just choose a trader, and then you can set up automatic copying of the trader’s activity. It takes just a few minutes to do, and you can also become a trader that other people copy. The reliability of the Forex Copy system is its high point, as followers can control the situation and keep money in their account, manually canceling trades if they feel they don’t want to do them.
Passive Investments
A third important investor feature to note is passive investments, which lets you invest in the S&P 500. You’re only charged a fee if you make a profit, preventing you from experiencing a loss in funds. The OYS Account keeps trading on your side, and InstaForex earns a fee only if you earn a profit. There are no mark-ups or commissions, only a profit percentage.
Reliability & Security
When it comes to trading reliability, there are a few features to note with InstaForex. The trading platforms, segregated accounts, insta-futures, and VPS hosting are all designed to keep trading reliable with this broker.
Trading Platforms
One key way to ascertain that your trading experience will be reliable and glitch-free is to look at the software offered. InstaForex provides MetaTrader 4 to its users, and it points out that, though MT5 has a lot of new features, many users prefer the 4 variation. And who can blame them? MT4 lets traders multitask by sending market orders and pending orders at the same time. It also has a toolkit for charting, multilingual features, and it supports different trading strategies. Overall, InstaForex made a solid choice when it picked MT4 as its platform.
Segregated Accounts
This unique service speaks to the reliability of InstaForex’s safeguards for its clients. Though trading is by no means a perfect industry, and people lose money quite frequently, segregated accounts protect clients’ capital from risks of any force majeure circumstances that the company might experience. Clients funds are stored separately from the company’s funds. A client with a segregated trading account is able to store 70% of his deposit on a bank account or an account belonging to an authorized representative. This extra client protection is a very useful feature from this broker.
Insta-Futures
Provided by InstaForex, Insta-Futures are a way to trade futures against other traders through a platform that has been backed by a financial group with a dozen years of market experience. Trading futures is tricky, but Insta-Futures is an innovative way to go about the process.
VPS Hosting
Another reliable feature is the VPS hosting service that InstaForex offers. This Virtual Private Server is a computer in the data center, and it works the same way as a regular computer. It’s private because you’re the only one who can access it. You can connect your tablet or phone to the VPS, and you can use it for nearly free with this service. The server is best for traders who want to trade at night, outside of normal trading hours.
User Experience
InstaForex cares a lot about its users, and that’s evident from not only the educational tools and calculators available on the platform, but also the bonuses and contests. Educationally, the broker offers strategies, reviews, calendars and Forex TV, all of which are geared towards giving traders insight into the market. Dividend calculators are more useful tools.
The contests and bonuses, the latter of which was discussed above, are also features that make user feel valued by the company. InstaForex offers contests like Ferrari, Lucky Trader, Chancy Deposit, FX-1 Rally, Miss Insta 2021, and more, making trading something everyone can have fun with.
