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InstaForex InstaForex Review

Insta Forex Review, News and Promotions

RATING: 2 / 60 REVIEWS
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Trading Accounts

 

Account type Min./Max. deposit Minimum trade size Maximum leverage Spreads (Commission) 
Insta Standard $1 0.01 1:1000 Fixed 3 pips
Insta Eurica $1 0.01 1:1000 0 pips + 0.03% / 3 pips
Cent Standard $1 / $1000 0.0001 1:1000 Fixed 3 pips
Cent Eurica $1 / $1000 0.0001 1:1000 0 pips + 0.03% / 3 pips

 

InstaForex offers its clients a choice of 4 account types, which can be divided into two categories: Standard and Eurica ones.  All of them are accessible via depositing just $1 and offer leverage up to 1:1000, Cent and Micro account option (with 0.0001 minimum trade size) and annual interest rate of 5% (accrued on the last day of each month).

 

While Standard accounts offer fixed spreads and are commission-free, Eurica ones provide Forex trading without spread, which is quite unusual. Nonetheless, a commission of 0.03% applies to trades on Eurica accounts, which equals a 3-pip spread.

 

Besides, InstaForex provides Swap-free (Islamic) services, as well as a PAMM accounts service - a tool of collective investing in projects rendering investment services. Every client of InstaForex Company can accept investments from other traders or invest funds in someone else`s account and become a share owner in this account.

 

The Company. Security of Funds

 

Company Country Regulation
Fix Trade Russia CBR
Insta Service Ltd SVG  N/A

 

InstaForex, part of InstaForex Group, is an MM forex broker headquartered and registered in Russia. This broker has been providing online trading services to traders worldwide since 2007.

 

InstaForex’s product portfolio is pretty impressive. It includes 107 currency pairs, 88 CFDs on US stocks, futures, gold and silver, Bitcoin on both MetaQuotes’ platforms, as well as options trading (via the InstaForex Option Trade).

 

In 2017 the broker acquired a license with the Central Bank of Russia (CBR). The CBR is Russia’s financial mega-regulator which oversees the banking and all other financial markets in the country. As of 1 January, 2016, locally-based forex brokers are required to be licensed by CBR in order to operate in the country. However, foreign brokers are still allowed to target local citizens without any significant restrictions and most market participant continue to operate in the country through their foreign units.

 

Before obtaining the license, the broker's forex services in Russia were rendered soley by Insta Service Ltd, a company registered in Saint Vincent and the Grenadines. At present, SVG legislation does not require a special license for a forex service provider. As for the stock market, InstaVector Investment Company Ltd, a brokerage company within InstaForex Group, has been holding a license for a professional service provider since 2008.

 

In addition, InstaForex is the developer of MT5.com - a universal portal with variety of tools and services, available to all traders. The community there is quite active and helpful.

 

Trading Conditions

 

Minimum Initial Deposit

To open an account with InstaForex, one has to deposit just $1 and the unusual thing is that this minimum initial amount is set to all account types. In comparison, Russian broker TeleTrade requires $2000 as a start.

 

Spreads & Commissions

InstaForex offers fixed spreads only, which are a bit high, amounting to 3 pips on EUR/USD. Trading costs on its zero-spread Eurica accounts are practically the same, and most fixed-spread brokers offer 2 pips spread.

 

In comparison, TeleTrade also provides a spread of 3 pips on EUR/USD, but it also offers variable spreads as low as 0.1 pips for this pair. For further information, you may look up real-time spreads of 15 leading brokers here.

 

Leverage

The maximum leverage level offered by InstaForex is 1:1000. We find leverage that high to be damaging to proper risk management, so consider it carefully before opting it for it. 

 

Trading on margin allows traders to control large amounts of capital, however, if not used in combination with a proper risk management strategy, can lead to heavy losses.

 

Trading Platforms

 

As we have already mentioned, InstaForex offers both MetaTrader4 (MT4) and its successor, the MetaTrader 5 (MT5).

 

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options. Traders can download ready-made or create their own EAs and let the program do all the work.

 

The broker also provides VPS hosting services (free of charge for clients with account balance over 5000 USD) to ensure continuous operation of EAs.

 

InstaForex also supports MetaTrader 5, a versatile and powerful trading platform that gains popularity lately, as the hedging option was finally added to it, and a number of other enhancements were made. MT5 allows the execution of orders in several financial markets and stock exchanges through a single trading account. The platform features advanced charting package, trading and analysis tools, alerts, signals, EAs and customizable indicators.

 

Besides, this broker provides Forex Copy system designed to enable traders to copy orders of successful traders online. Every user of the ForexCopy system may follow profitable trading strategies by selecting Traders in the public monitoring list and copying their successful trades.

 

A ForexCopy Trader receives a commission for allowing one or more ForexCopy Followers to copy his trades. There is also a commission per copied trade, a commission per day and a trade profit share. If a Follower chooses the latter, he pays only for profitable copied trades.

 

Promotions

InstaForex is famous for its trading contest and bonuses. Below you may check out all bonuses available:

 

 

Methods of Payment

 

InstaForex offers its clients a wide range of payment methods: credit/debit cards, bank wire transfer, MegaTransfer, Paxum transfer, PayCo, Skrill, Neteller, Boleto, BPay.md, ePay.bg, CartaSi, ePayments, Dankort, Electronic Payment Standard, Nordea SOLO, POLi, PostePay, Przelewy24, iDeal, SOFORT, Trustly, QIWI, Bitcoin, and a number of local transfers.

 

Besides, with the help of the InstaWallet system, every InstaForex customer can transfer money to accounts of other company’s clients.

 

Conclusion

 

InstaForex is a Russian forex & CFD broker with 10 years of experience and rich product portfolio. It provides numerous bonuses, as well as interest rate on deposits, however its overall pricing is not very competitive and it is not regulated. Besides, it uses fixed spreads and probably acts as a Market Maker. To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

 

Pros

Cons

Part of international group with 10 years of experience

Not regulated (yet)

Both MT4 and MT5 offered

Wide fixed spreads

Low minimum initial deposit required

Market Maker model

Wide range of financial instruments offered

 

Micro & Cent accounts available

 

Annual interest rate of 5% on deposits, bonuses available

 

  

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Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for InstaForex

Withdrawals are so easy

By way of background I have been trading with InstaForex for over one year I have what I like most is their PAMM account. InstaForex PAMM system gives an opportunity to invest in Forex project with safe. Withdrawals are so easy, it only one day processing, i had no problem in getting my money back. I rank them as 5 star brokerage firm.

Profit Trapper 03/14/2016

Good broker.

Good broker with low spread, fast execution and best part is automated withdrawals which usually completes in 10-15 mins.

Claire 03/02/2016

MalikAshtar

I switched to Insta after having issues with my previous broker, I must say their platform is very easy to use. And not only that, I absolutely like the platform's design that enables me to adjust or resize my windows according to my needs making it very convenient. Overall a great broker highly recorded.

MalikAshtar 12/13/2015

not worried in the least about its safety

I have used Instaforex for a year now. I began by depositing $150, which I turned into $679 and requested to withdraw. Two days later the money was deposited to my account. I have moved large sums of money in and out of Instaforex and I've never had a single problem. Today my trading account has $10k and i'm not worried in the least about its safety!

SamiKalayci 11/04/2015

Very impressive.

This broker is very impressive; its spreads are really low and fixed and Instatrader always responds well, without requotes or delay in the execution of trades. All my orders are always respected, especially my SL.

Claire 09/18/2015

best broker so far

I have decided to trade with this broker because of their advantages as a trader and also because I've improve my skills thanks to their contents and campaigns. This is the best broker so far. You should trade with them too.

Claire 09/17/2015

ScoringPips

I am very glad to join this broker . They have friendly live support and fast payment . At first I tried Instaforex just for bonus but now I already opened a standard account and am glad that i didnt make a wrong decision. Thank You Insta!! Keep up with good work!

ScoringPips 09/06/2015

Michael

I was looking for hidden rocks always, which as a rule, every dealing center has. And to my great surprise I did not find any minuses. The trading conditions, the fast reaction of support service, bonuses, privileges, and what is most significant - trust of numerous traders gained for years, all this makes this broker number one. Finally, I finished my searches and now I am with InstaForex.

Michael 09/02/2015

JAMBLVCK

When I first saw InstaForex I take them as my best broker because the services which they offer here is very good and conducive the spread which they are charging seems to be low as well. I have twice withdrawn good profits and always so quick and efficient. Recommend for people serious about forex.

JAMBLVCK 07/12/2015

best experience

I using broken has a Thailand support staff. instafore exness Forex4you weltrade. But if you wanna tell you which is the best I must say Instaforex.

Brand 06/22/2015

great charts

Trading with this broker for several months and everything was good. Low spreads, great platform (MT4), offers great charts, and great customer service. Allow trading commodities (gold, oil etc) and automated payment system. I am happy with this broker.

FulmerForex 06/09/2015

Great broker.

Instaforex is one of the most professional broker I have traded in the forex business. They gave me my capital through bonus from mt5 and their contests; till now, I have been making profits for myself.

Claire 06/02/2015

Awesome customer support

Awesome customer support, always there to help.Never had any problem with withdrawing profits, so all good for me.

Brand 06/02/2015

I've traded with InstaForex so far

The best broker I've traded with InstaForex. They are honest and competent. I had not complaints using their services because I constantly earned.

LIMAFX 06/01/2015

DeivRizky

InstaForex is best to get started. They offers huge bonuses and contests. They also have a variety of depositing options, good support and average commissions. Although I am yet to withdraw funds from their system I am very confident that these guys are the real deal.

DeivRizky 05/12/2015

good advantages

I have received very good advantages since I decided to trade with InstaForex. For example, I have participated in some of their contests to gain money and also to improve my techniques as a trader. For me, this is the best broker

Brand 05/12/2015

Such great!

I have never faced any type of issue with this broker, especially in my withdrawals. InstaForex always give me my withdrawals without excuses. I use its InstaForex Benecard to withdraw them in any ATM.

Claire 05/12/2015

I am thankful with Instaforex!!!

I am thankful with this broker for giving me a chance to improve my trading skills. Instaforex gives me a good income. They have many advantages in their services, such as the line of bonuses, particularly welcome bonus so I have more money to trade. Spreads are fixed and execution of deals is fast. I do like their ForexCopy system which I can follow pro-traders in order for my trade safe.

LIMAFX 04/27/2015

InstaForex best broker

I've used Fxopen for 6 months. And recently found out that something better. I waste time with bad broker for a long time.

Brand 04/17/2015

Professional

I love bonuses in Instaforex, they always me offering new bonuses and I get bonuses from my trading and deposit so it help me to get profit.

Claire 04/17/2015

low comission

I’m really happy with InstaForex the staff answered every one of my queries, very helpful. Fast execution, low spreads, low comission on ECN. Design of site is best I have seen. And they have some great bonus promotions going on which is very usefull for newbie’s. Very good Broker.

NonakaFx 04/06/2015

Such great!

I am very happy trading with Instaforex. They provide an exceptional performance. I can only hope this kind of high speed execution is sustainable (same goes to my profits). Excellent broker and spreads are consistently the lowest.

Claire 03/24/2015

Web-Trader Platform

They have a nice web site it is easy to navigate! People from Instaforex are very approachable you can address your concerns and quickly answer your questions. They have the latest Trading platform which is the Meta Trader 5 and they also have a Web-Trader Platform. Low spreads too, and instant execution. Overall a satisfied trader.

AdoniasPips 03/16/2015

Great broker

I never encountered service interruptions with them. Their servers are very stable and reliable. I had no problem taking out of my money because they already speed-up the procedure

Claire 03/05/2015

Recommendation broker

Recommendation broker to trading, they have complete facility and service for trading and trust to service their clients.

Brand 03/05/2015

Amazing spreads

Really great broker!!! Amazing spreads and solid platform. I can closed my position without problems even on news times. I am very satisfied having this broker and I can't find any reason to leave Instaforex. Yesterday morning, I made a withdrawal request and I received early on the afternoon. Thumb of this company.

quietjug70 02/15/2015

friendly support

Their customer support is good they do reply for emails within 24 hours. I have a couple of accounts set up with them to earn the rebate money.

Claire 02/12/2015

good and a decent broker

Instaforex is a good and a decent broker with a great service works to provide customer support. I was able to withdraw my profits without any problems and delay.

Brand 02/12/2015

Professional

Instaforex execution is really fast, so I usually don`t notice any requotes. Now, I’m trading gold actually, because I think I feel a little bit nervous in trading with such pairs like EURUSD. They have quite high volatility and you never know what happens next. I hope to get some experience at InstaForex and earn much more

Claire 01/23/2015

high leverage and enormous technical analysis.

I started with instaforex as a small trade and today, with their help, i am proud to say that i am in the best hands. The immense knowledge of the team when it comes to delivery of service is awesome. My trading is supported by their low spreads, high leverage and enormous technical analysis. I am really satisfied with this broker and I recommend it to others

KnightTrader 01/07/2015

Not a single issue to report up to date.

Trading with Instaforex broker for several months. Not a single issue to report up to date. Best service with quick response on any question. It is a pleasure to do business with them. Strongly recommend to all traders.

LIMAFX 12/29/2014

Great broker

I give Insta a standing ovation, service, support, technology, everything is excellent. My last broker was pretty slow to pay so with Insta I'm doing a lot better. Really useful software as well.

Claire 12/23/2014

best broker in Asia

Instaforex Broker is the best broker in Asia and that brokers payments system and service is more best.i trust the Instaforex brokers and i think Instaoforex is my best friend.

Mccoy 12/23/2014

leverage is up 100

Currently I am using InstaForex they seems very good so far specially there deposit and withdrawal is very quick spread is also less, leverage is up 1000. Execution of trade is instant very rare reqouts. The supports are wonderful. Overall a good broker.

bhejOpips 12/09/2014

Instaforex has a great trading Platform

Instaforex has a great trading Platform, which is used and appreciated by thousands of million of Forex traders worldwide. It is known for its full range of market indicators and charting tools, as well as straightforward interface.

LIMAfx 11/18/2014

fast trade speeds

For what it is worth Insta are the best for me and maybe for you too. I like low spreads and fast trade speeds this is why I select them, they are the best around right now. Their rebate structure is also very generous and means I get paid more as I grow.

Craigskills 11/10/2014

Good broker

I consider InstaForex as a reliable and profitable broker. My savings don't cease to increase and with the service of segregated accounts, one part of them are totally safe. Also, i use instawallet to transfer money from one account to another. It's totally free and all my data is well protected.

yola_fx 10/17/2014

good broker

Very good broker. So far the lowest trading cost and very good service with fast withdrawals. They provide good customer support. It is completely easy and even enjoyable to contact them.

ArunRajaga 09/22/2014

qaseh37

Easy set-up and deposits are very quick to start trading. Never had a complaint about this company, their customer service is always great. I have so many friends with this company and they are all satisfied. I recommend this company.

qaseh37 09/18/2014

Trading Strategies

Instaforex is best broker... Still there is disadvantages, it may redeem your profit, if you earn more than 10% of your deposit during news time or high volatility or weekend gap... It may also redeem your profit, if your lot is closed before 5 minutes...

Akshay 09/06/2014

Mario Zulu

Instaforex is very trader friendly company they got so many contests for traders and offering bonuses and rebates for new traders. Trading spreads and fixed, and is very low. Thank you Instaforex.

Mario Zulu 08/28/2014

nice leverage rates

Instaforex has a good trading platform with nice leverage rates and many other bonuses for all the customers. The lot size is very flexible and the withdrawals are fast. I can say they are one of the best in the forex world!

HarsimranForex 08/05/2014

Good charting

Till now I am trading with them and I never encountered any problem. it’s a very good broker. Good charting, reliable software, reliable and smart staff. Perfect! I am greatly satisfied with them.

IshaanMalhi 07/10/2014

Very happy with this broker

A friend recommended me InstaForex but sincerely, at first I had my doubts but I decided to try. Its six months now since I started trading with InstaForex and I am very happy with the results of my tradings. First I started with a demo account to get experience, then I open a live account and took an online course to know more about the Forex market, and I have received such good bonuses for every deposit. I am really happy with this broker.

fx sully 06/06/2014

Recommended broker

I found trading on MT4 platform to be smooth and efficient and the forex tutorials made available are really helpful in getting oneself educated with the fundamentals and techniques of online forex trading. Recommended broker

Forex_Warrior_X 04/24/2014

dependable broker

InstaForex is very honest and I would keep depending this broker everytime. I see a jealous guy's comments against on them, who want to put down this broker. This is my first and last broker.

LIMAFX 04/08/2014

Get up $100 FREE Forex NO deposit Bonus

Get from $30 to $100 FREE Forex NO deposit Bonus from Instaforex.
Start Forex abd Gold trading.
http://www.forexbonusfx.blogspot.com

Forex trader fx 03/08/2014

friendly support

I have a very good experience with this company. Withdrawals are always within 1 day, convenient platform and friendly support. I like the fact that all problems are solved quickly and with minimal loss for traders.

Forex_Warrior_X 02/19/2014

very helpful customer support

Before Instaforex I had a problem with 3 other brokers, now I start trading with Instaforex. Wish I traded with them from the beginning. They have very good spreads and leverage which is very helpful to me.

Forex_Warrior_X 02/04/2014

reliable broker

Instforex is a 100% reliable broker. they have reasonable spreads, fast withdrawals and only the latest and most important information.. Nice features to offer. Quick and easy to use their platform.

Forex_Warrior_X 01/16/2014

Jason_Aldean

My experience with Insta is 1 month. I ll be unprejudiced in my comment. The good side is that you can get bonuses for each deposit. But if you replenish account using different systems it is so easy to withdraw, because you need to calculate proportions.

LIMAFX 01/15/2014

pleased with the team InstaForex

I have been with insta forex brokers for quite sometime and they offer leverage of up to 1:1000. pleased with the team with a really a nice broker. The customer support is very polite and friendly. Whenever I have queries, they are always precise in their answers and has been very helpful.

LIMAFX 01/06/2014

Best Broker

So far my experience with Instaforex has been a great one. With speedy withdrawals and 24 hours customer support. A great platform and easy to navigate website.This is an excellent broker, they offer all types of tools and trading with them is a pleasure I give it a thumbs up!!

Forex_Warrior_X 01/02/2014

Reliable broker with excellent trading conditions

Naver had any problems with deposit or withdrawals. Requotes and slippages a very rare, I even don't feel them because I'm a mid/long term trader. I like their forex-copy system and PAMM-system. 30% bonus to each deposit is very nice too.

Marcus 09/10/2013

Mhiel

Just opened an account with them today and got my bonus instantly as well as my deposit. Their support so far has been excellent.

Mhiel 09/09/2013

Seems like InstaForex doesn’t have an automated payment system

Every time I make a deposit to InstaForex, I have to email them numerous times and ask them to credit my money to my account. The same thing happens with withdrawals and I can’t help but wonder – do these people actually have an automated system for processing payments or they do everything manually?
I’ll be staying away from this broker – don’t have the time to write emails and sort out payments all the time.

Melissa L. 07/13/2012

No problems with InstaForex so far

I signed up with InstaForex less than two years and frankly, I haven’t had any big problems with them. I use WebMoney and my withdrawals are being processed on time. It may be because I only withdraw small amounts, but nonetheless, I have no reason to complain. I will make sure to report if things change.

sergey 07/13/2012

InstaForex took my money!!!

I was mislead by reviews on other sites and opened an account with InstaForex. I made a deposit by wire transfer and it was supposed to take 2-4 business days. It has been 14 days now and my money is still not added to my balance!!!

I have been talking to InstaForex’s customer support every day for the last two weeks but these guys are clueless! They keep asking me for the same details and when I give them to them, they say they’ll check what happened and never get back to me. This is outrageous!!!

Jose Fernando 07/13/2012

InstaForex cheated me and took my money

I had huge issues with my withdrawals, it is unbelievable! I regularly receive less money than I have requested to cashout (e.g. 670 instead of 700 EUR) and one of my withdrawals for 2300 EUR is missing, with no hope of being found. InstaForex insist that I have to investigate what happened to the money but there’s no way for me to do that (that’s common sense, isn’t it!). I’m really pissed off because they don’t want to cooperate and help me trace my withdrawal; customer support acts like they don’t care if they help me or not – why are these people there anyway?! They are completely useless…

If you’re looking for a reliable forex broker, stay away from InstaForex – it’s a scam company and if you start trading with them, nothing good will come out of this.

Michael Pearce 07/13/2012

InstaForex is a very unprofessional broker

I tried trading with InstaForex for a few months and I was forced to quit and find a new broker. Here’s some of the reasons:
- Requotes happen way too often;
- Slow execution – there are often big delays and messages about server connectivity;
- Customer support is non-professional;
- Problems and delays with deposits and withdrawals;

They haven’t really scammed me out of my money or anything, but with the bad services they provide, I’m glad to have switched brokers.

David 01/11/2012
Forex
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