InstaForex Review

InstaForex Logo

Established in 2007, InstaForex is a popular brand in the online brokerage industry, serving over 7,000,000 traders across the globe. They offer forex and CFD trading services in over 300 tradable instruments, spread across currency pairs, cryptocurrency, stocks, indices, metals, energies, and other commodities. The broker provides flexible trading platforms with good execution speed, competitive floating or fixed spreads, and negative balance protection. Their liquidity is provided by top-tier banks, such as J.P. Morgans, UBS, Barclays, HSBC, Morgan Stanley, and Citibank. They have about 260 regional offices around the world with customer support in 30 languages.

InstaForex Broker Features
InstaForex Broker Features

InstaForex Financial Instruments

InstaForex has been dealing with a wide range of instruments, including Currencies, Stocks, Indices, Metals, Cryptocurrencies, and Futures.

InstaForex Platforms

InstaForex provides their clients with their own in-house developed trading platform, WebIF, which is a web-based platform that can load on most modern browsers. In addition, they provide the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which come in web-based versions, installable desktop applications for Mac and Windows computers, and mobile trading apps for Android and iOS devices.

InstaForex MetaTrader 4 (MT4) Trading Platform
InstaForex MetaTrader 4 (MT4) Trading Platform

MetaTrader 4

MetaTrader 4 has been a widely used trading platform for its user-friendly nature and features. InstaForex offers MetaTrader 4 to its users, which provides access to the world of trading instruments. MetaTrader 4 trading platform is popular among Forex traders due to its simple interface. The platform supports various trading strategies, including hedging and LIFO. A trader may transmit 2 market orders, 4 pending orders, 2 execution modes, 2 stop orders, and a trailing stop. Traders from all around the globe may access and utilize the MT4 platform and data in their local language. Charting tools include changing colors and styles and loading pre-set templates. All of these instruments make it easier to understand charts. Because MT4 is so popular among traders, you may discover more trading information, books, and examples on this platform.

Furthermore, the platform includes many MQL4 developers that create indicators, scripts, advisors, plug-ins, and applications. The platform has fewer system requirements than MT5 and requires less RAM. Economic news feeds are accessible in the web environment.

All above MetaTrader 4 has the following prominent features:

  • Trading option in 9 time frames
  • Variety of tools for technical analysis
  • Financial News
  • Automated Trading
  • Locked positions
  • Free indicators and advisors
  • Liberty to create your own indicators and advisors (MQL4)
  • High security ensured by 128-bit encoding
  • One-click trading
  • Trailing stop

MetaTrader 5

If you want to elevate your trading standards, you can go for MetaTrader 5. MetaTrader 5 is distinguished by a wide range of charts and time ranges. The MT5 platform has 21-time frames, while the MT4 platform has just 9-time frames. A trader may submit 2 market orders, six pending orders, and 2 stop orders using the platform. It has a built-in tab for the economic calendar. There are 38 more technical indicators and visual charts (44). The platform gives users access to many marketplaces, including stock exchanges. Because of the 64-bit CPU architecture support, MT5 offers improved performance.

InstaForex MetaTrader 5 (MT5) Trading Platform
InstaForex MetaTrader 5 (MT5) Trading Platform

Furthermore, owing to parallelization support on all processor cores and the existence of a computing cloud, a trader may greatly expedite the optimization of expert advisors. This service, however, is not free. Traders may exchange messages with one another and attach files to them. In addition to the above, MetaTrader 5 has the following features:

  • It has 21 time frames
  • It supports Market Depth and contract specifications
  • It is built on MQL5, which is the new-generation programming language for designing expert advisors and indicators
  • Quotes archive
  • Provides an advanced set of technical tools
  • Fill Policy is a new field in the Order window
  • Enables expiry dates for pending orders
  • Ready-made expert advisors, indicators, and scripts available on the in-built online store

WebTrader

InstaForex’s WebTrader is a one-of-a-kind solution that allows customers to trade in the forex, CFD, and futures markets using a web browser. This version includes the full function kit and tool suite seen in desktop versions. This web platform supports all trading instruments and account types. InstaForex’s WebTrader integrates the most recent trading developments. Users may follow the latest news, analytical comments, and quote changes online, in addition to simple trading with a choice of options. Clients of InstaForex may manually alter the list of the most traded instruments and arrange them in a certain order. Customization is possible for all three WebTrader interface options. Balance & equity and profit charts may help you stay on top of your trading outcomes.

InstaForex WebTrader
InstaForex WebTrader

The Classic interface presents a list of instruments and the trend direction, price changes, and trader positions arranged by these characteristics.

The Dashboard Interface contains tick charts, which enable users to track the price changes of 12 or more trading instruments simultaneously.

The Chart Interface provides instrument charts, tick charts, trader positions, and other tools.

WebTrader has big advantages like:

  • Offers to trade online
  • Access to all account types
  • Several work interfaces
  • Balance charts for trade analysis
  • Offers a wide range of trading instruments
  • latest market news and analysis

InstaTick Trader

InstaTick Trader is a proprietary trading platform created by InstaForex. It is designed to be used for tick trades. Its main benefit is that it offers 6-digit quotes. This function allows traders to increase earnings since even tiny swings significantly impact profit forecasting. Traders may use InstaTick Trader to place trades and follow market movements in a web browser without the need for any downloads.

  • Enables to tick trades
  • Offers 6-digit quotes
  • Simple and user-friendly interface
  • Compatible for all types of accounts
InstaTick Trader
InstaTick Trader

InstaForex Investing Tools

The broker also provides useful trading tools, such as ForexCopy System, PAMM System, Pattern Graphix, VPS, Economic Calendar, and InstaForex Toolbar. They are also offering a dividend calculator and trader calculator for prompt calculations while making the decisions.

MultiTerminal

The MultiTerminal is built on the MetaTrader 4 platform and shares its features. The main distinction is that you may manage many accounts on that platform simultaneously. Clients may use the MultiTerminal to operate on many trading accounts at the same time. It is an excellent tool for traders who deal with account management, i.e., managing their customers’ accounts. The MultiTerminal is downloadable software that operates on the Windows operating system.

MT4 MultiTerminal
MT4 MultiTerminal

Forex VPS

Every trader is eager to trade nonstop since market changes often provide substantial profit chances at night. It is, however, difficult to stay awake every night. As a result, Forex VPS hosting is the ideal option. Clients of InstaForex may utilize the service for free under certain conditions.

A Forex VPS is a tool that will assist you in properly organizing your trading in the forex market. The server includes a backup power source, making it extremely accessible and dependable 24/7. It is intended for use with any device. Furthermore, it features a high-speed Internet connection. Furthermore, since you are already accustomed to the Windows interface, you may operate with your computer in your regular style.

InstaForex Research & Education

InstaForex has a vast range of educational tools, such as training courses, tutorial videos, mobile educational app, trading glossary, and daily market analysis. The training course is for clients that have made a minimum of $100 deposit, and it contains detailed information on a wide range of topics, such as fundamental analysis, technical analysis, trading psychology, money management, trading strategy, and others. Besides all the above, you can find the economic calendar on the website that keeps you up to date with all the important events that have to happen in the future. With trading sessions, one can clinch the right entry into the market.

InstaForex Training Course
InstaForex Training Course

InstaForex Trading Accounts

The broker offers a number of different trading accounts, which can be opened in USD, EUR, and RUB. The account types include:

  • Standard Account: The minimum deposit is $1 for a micro account, $100 for a mini account, and $1,000 for a standard account, and it has variable spreads, starting from 3 pips
  • Eurica Account: No limit on minimum deposit, tighter spreads, starting from 0 pip
  • Standard Account: This is like the standard account, but it’s for new traders who want to start with minimal trading volume.
  • Eurica Account: Like the Eurica account but just for new traders
  • Demo Account: Pratice trading forex online with InstaForex

InstaForex Account Funding

The broker accepts several payment methods, including bank transfer, MasterCard and Visa credit cards, and online payment processors, such as Skrill and Neteller. They also accept Bitcoin payments. Bank transfers may take some days to clear, but other methods may be instant.

InstaForex Customer Service

InstaForex offers support services in 30 languages, and they are available 24 hours a day on all trading days. You can reach them via local telephone numbers, live chat, and email. They can also be reached through Telegram, Skype, and WhatsApp

InstaForex Regulation

The InstaForex brand is operated by a group of related companies that operate in different countries and are regulated by the financial authority of those countries. Hence, the InstaForex brand is regulated as follows:

  • Instant Trading Ltd is licensed and regulated by the British Virgin Islands Financial Services Commission (BVIFSC)
  • Insta Service Ltd is registered in St. Vincent and the Grenadines and is regulated by the country’s Financial Services Authority (SVGFSA)
  • Instant Trading EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and abides by the MiFID rules of the European Securities and Markets Authority (ESMA)

InstaForex FAQ

What is the InstaForex minimum deposit?

InstaForex charges a minimum deposit amount of $1.

Where is InstaForex based?

InstaForex is based in Russia.

When was InstaForex founded?

InstaForex was founded in 2007.

What are the InstaForex platforms?

InstaForex offers MetaTrader 4, MetaTrader 5, WebTrader and InstaTick Trader as platforms.

What trading instruments does InstaForex have?

InstaForex offers to trade in currencies, stocks, indices, metals, commodities, cryptocurrencies, and futures.

What are the InstaForex deposit and withdrawal options?

InstaForex offers Wire Transfer, Debit/Credit card, e-wallets, and cryptocurrencies transfer.

What is the InstaForex leverage?

InstaForex offers the maximum leverage of 1:1000.

What is the InstaForex commission fee?

InstaForex does not charge any commission on Standard accounts.

What are the InstaForex spreads?

InstaForex charge 3 pips per standard lot size on Standard Account.

Does InstaForex offer demo accounts?

Yes, InstaForex offers a demo account.

Does InstaForex offer Islamic accounts?

Yes, InstaForex offers Islamic accounts.

Does InstaForex allow scalping, hedging, news trading, and automated trading?

Yes, InstaForex allows scalping, hedging, news trading, and automated trading.

Does InstaForex charge an inactivity fee?

InstaForex does not charge any inactivity fees.

Is InstaForex regulated?

InstaForex is regulated in BVIFSC, SVGFSA, CySEC, and ESMA.

InstaForex Review Summary

InstaForex is a popular online forex and CFD broker. They offer trading in over 300 instruments across different asset classes, providing unique trading conditions, multiple trading platforms, and useful tools.

 

InstaForex

8

Spreads

8.0/10

Liquidity

8.0/10

Commissions

8.0/10

Support

8.0/10

Regulation

8.0/10

Features

  • Multiple user-friendly trading platforms
  • Useful trading tools, such as ForexCopy System, PAMM System, Pattern Graphix
  • Over 300 tradable instruments
  • Lots of educational resources
  • Forex VPS
  • Forex trading signals
  • Regulated forex broker
  • Competitive trading conditions
  • Various account types and funding methods
  • Good customer support