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InstaForex Review

  1. InstaForex is a brokerage company specialized in Forex trading. This broker offers its traders analysis, specific market information and exclusive news updates. Regardless of the political or economic background, Forex can be a good investment target. Also, if you are a trader and want to start your trading career with Forex and CFD trading, you need to find a broker that is trustworthy, professional.

    What we can say as a big advantage of InstaForex is the variety of bonuses that can be used during the trading process and the brand is also recognizable by its partnership with big stars like Victoria Azarenka, Janko Tipsarević, Porsche and Liverpool FC.

    InstaForex Account Features

    The first thing that caught us around is a demo account that is allowed to all traders who choose to trade with InstaForex. Simply enter your name and email address and you will be automatically logged on to the MT4 / 5 platform. This way, you can test all the features, tools and settings that you can use during trading with InstaForex. It is important to note that the demo account uses virtual money and cannot be withdrawn. Also, you can choose the amount you want to get with a demo account.

    InstaForex Account Types

    InstaForex offers two types of accounts on its platform: Standard Account and Eurica Account. What make these two accounts different is the fee structure. The standard account does not include any fees and is preferred for beginners. As most traders certainly know, as always there is a spread. The difference between bidding price and asking for a trade price is called the spread. While we were testing accounts, the Standard Account spread on EURUSD was 3 pips and it is fixed.

    InstaForex Eurica Account is a little bit different. This account does not include spread, which is not seen often in the Forex trading industry, but they carry a fixed commission which can be equivalent of 3 pips.

    In addition to demo account, InstaForex offers its users Cent Accounts. These accounts are designed for beginners and traders who have a small bankroll. Many prices are 0.01 cent and are adjusted for trading in cents which reduces the potential unwanted losses. This kind of account seems very interesting to us.

    In order to make trading more interesting and educate you about the InstaForex accounts, we have listed each account and their benefits:

    InstaForex Standard Account

    • EUR and USD
    • 1$ Deposit minimum
    • Max 1:1000 leverage
    • Spreads from 3 pips
    • 5% annual interest rate

    InstaForex Cent Standard Account

    • USc and EURc
    • 1000$ maximum deposit
    • Min 0.0001 trade amount
    • 1$ Deposit minimum
    • Spreads from 3-7

    InstaForex Eurica Account

    • 1$ Deposit minimum
    • 0.03%-0.07% commission
    • Spread is 0

    InstaForex Cent Eurica Account

    • 1$ Deposit minimum
    • 0.03% – 0.07% fee
    • Spread is 0

    What can we state as the difference between these accounts? In our opinion, there are not too many differences. The only changeable thing is the max deposit cap on Cent accounts. However, it’s good to be well-informed and familiar with everything in the available accounts and to know more you can always contact InstaForex customer support team.

    InstaForex Islamic Account

    For all traders wishing to trade with different options without violating Islam religious beliefs, InstaForex has provided such an option. With the help of the Islamic account, traders can be relaxed and have all the benefits that such traders usually have. There are no trades closed at night and no interest in overnight charges or credits to the account.

    InstaForex Bonus

    InstaForex offers its customers several types of bonuses. As we always note, please read the FAQ rules where you can find all the details regarding the bonus policy. The first bonus is a redeposit bonus and it is 250% or 55% bonus for each new deposit. The following is a 30% deposit bonus and a chance for an additional $ 1,000 to $ 10,000 from a common prize pool that is enabled as an additional cash prize to all traders.

    It is important to mention that profit can be withdrawn anytime and small bonuses don’t require documents for verification. Also, there is an interesting bonus called InstaForex No Deposit Bonus.

    InstaForex No Deposit Bonus

    This promotion will surely attract the attention of all traders. InstaForex offers all CFDs traders up to $ 1000 no deposit bonus just for signing up. To accept this promotion, you must contact InstaForex support team and request a bonus and more information if needed.

    InstaForex Software

    To trade with InstaForex, traders have the opportunity to use the well-known Metatrader4 and Metatrader5 platforms. Also, it is possible to use a Webtrader that is integrated with the browser so no additional download is required.

    InstaForex Web Trader

    Webtrader is user-friendly and interesting to use. This platform contains everything you need to trade. Keep in mind that a platform that allows the interface to be run from the browser does not mean that it is either bad or of a low quality. With WebTrader, traders can use every tool and see all features connected with their account such as open trades, closed trades, history, different charts, log tabs, balance, margin levels, spreads etc.

    InstaForex was not just created to trade Forex and CFDs. There are also other instruments that can be traded with InstaForex and one of them is the planetary popular Bitcoin.

    InstaForex Bitcoin

    With InstaForex, you can trade Bitcoin, but the big advantage is that you can make a deposit with this cryptocurrency. There is no large number of brokers that allow deposit with a bitcoin and precisely because of this InstaForex created the special Bitcoin account.

    InstaForex Assets

    There are more than 100 different currency pairs, CFDs based on US stocks but also CFDs based on futures and indices. What is important to binary options traders is that they can also trade with binary options at any moment.

    InstaForex Support Information

    When we talk about customer support, it’s important to emphasize that customer support is often decisive factor for traders. What we have noticed with InstaForex is that their support is available 24/7 which means you can have access to all information at any time.

    Also, InstaForex does not only use a classic chat for traders but also Viber, Skype, Whatsapp, ICQ, Yahoo Messenger, Telegram and AOL Messenger.

    You can also contact them by phone that is specific to the site for the specific country. Take a look at their website if you prefer this kind of communication with a broker. Also, keep in mind that you can read FAQ rules and see more information and seek for answers that you are interested in.

    InstaForex Payment Methods

    As we have already mentioned, the deposit with InstaForex is $ 1. This is indeed a turning point because traders are already accustomed to brokers offering $ 250 minimum deposits, which is for beginners really discouraging.

    To help you find the deposit methods easier, we’ve decided to list all the methods you can use to deposit with InstaForex:

    • Bank Card
    • Bank wire
    • MegaTransfer
    • PayCo
    • Skrill
    • Benecard
    • Neteller
    • Union pay chi
    • Wechat
    • Alipay
    • Boleto
    • Bpaymm
    • Carta bleue
    • CartaSi
    • Eoayments standard
    • Giropay
    • Ideal
    • Maestro
    • Nordea solo
    • Poli payments
    • Postepay
    • Przelewi24
    • Sofort
    • Trustrly
    • Paxum

    Withdrawal methods are processed in the same way as for deposit methods which means that you can most of the payment methods listed above. For withdrawals, the time period of 24 hours is usually needed to process, the minimum is at least $ 1. However, some methods require a larger limit like bank wire ($ 300). For more information regarding fees, visit the InstaForex site or contact Customer Support.

    InstaForex License

    InstaForex has no EU country license. However, this is a broker who has been registered with the Central Bank of Russia, which gives us a special mark on its credibility. In our testing, InstaForex has shown incredible settings, features, and tools that will provide each trader with a specialty in the trading process. As the Central Bank of Russia strengthens our view on InstaForex, we do not expect that traders will have any issues with InstaForex broker.

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    Your capital is at risk

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