InstaForex Review

InstaForex is an international broker with a strong presence in many countries. At the moment, the majority of its clients are based in Eastern Europe, Latin America, Asia, and Africa. This company has been operating since 2007. It offers Forex and CFD trading in a wide range of markets. Discover its key strengths in our review. 

Geography and Regulation of InstaForex

This global brand comprises several entities. Each is authorized and licensed in its respective jurisdiction. Instant Trading Ltd, located on the British Virgin Islands, is approved by the BVI FSC. Insta Service Ltd and Insta Global Ltd. in Saint Vincent both have a licence from the local FSC. Instant Trading EU Ltd is a Cyprus-based investment company with a licence from the CySEC. 

The broker is a regulated company that complies with industry norms (protection of clients’ funds and data, negative balance protection, etc). The InstaForex brokers brand is a registered trademark. 

The brand was launched in Russia, and it is a true veteran. Over the years, it has expanded its range with different types of accounts and innovative services. Today, the company’s website is estimated to receive around 1.5 million visitors monthly. 

Range of IFX Instruments

The broker provides access to a wide range of instruments. Traders may combine different assets to form diverse portfolios with lower risk. At the moment, the official website features the following options:

• currencies (Major, Minor, and Exotic);
• stocks of the largest corporations (Apple, Adobe, etc.);
• market indices (FTSE 100, S&P 500, etc.);
• precious metals (gold, silver and palladium spot);
• oil and gas (heating oil, crude oil, and natural gas);
• commodity futures (gold, silver, copper, and more);
• cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Ripple).

IFX attracts a wide audience of investors with its broad range of currencies and CFDs. The website offers an abundance of educational material, including webinars for beginners. Newbies may open a demo account and explore MT4 at their own pace. 

Overview of Trading Technology

The broker works with 5 different platforms. Aside from the standard choices (MetaTrader 4 and MetaTrader 5) clients may use Multi Terminal, Web trader and InstaBinary. Here is how these systems compare. 

MT4 and MT5 are known to every Forex trader. These popular systems are recommended by many brokers due to their functionality and versatility. MT4 is most suitable for beginners and Forex traders, while MT5 offers an upgraded experience with more charts, indicators, and instruments. Both terminals are used by fundamental and technical traders, and they allow the addition of Forex robots or Expert Advisors. 

The MultiTerminal, as the name suggests, was designed for traders with different accounts. Through the system, they can manage them simultaneously. Finally, the web trader is a proprietary tool which works directly in browsers. Clients may work from any device without the need for special software. Finally, the InstaBinary platform is a unique system for binary options with 6-digit quotes. 

Account Types

The broker offers four different types of accounts. These suit different budgets, levels of experience, and objectives. Here is how they compare.  

1. Standard Accounts

This type is preferred by most clients. It gives access to all basic features necessary for successful trading. Both leverage and deposit size may be changed. The account may be opened in US dollars or Euros. No commissions apply, and spreads are fixed. There are three deposit options: Micro ($1-10), Mini ($100), and Standard ($1000).

2. Eurica Trading Accounts

This type includes zero spreads. Fixed fees are charged for all trades, and the same currencies may be used. The system is perfect for beginners, as they do not need to factor in the spread in case of pending orders. Technical analysts find Eurica accounts convenient, as the spread does not influence their financial results. This simplified logic sets Eurica apart from Standard.

3. Cent.Standard and Cent.Eurica 

Both types are aimed at neophytes who want to work with as little risk as possible. Entry is affordable for everyone, as Micro Forex accepts lots which are 1000 times smaller than the market lot. This reduces risks to a bare minimum. Another difference is the maximum deposit limit. Other trading conditions are the same.

Comparison of Accounts

The broker’s account system welcomes traders with any budget and skill level. Newbies can practice with as little risk as possible. Large-scale investors can grow diverse portfolios, spreading risks over several markets. Micro Forex makes trading accessible to anyone. 

Leverage

All account types offer leverage between 1:1 and 1:1000. The ratio depends on the instrument, and clients may also change it. 

Customer Support

Clients may contact the team using an online form or request a call back. The calls are free, and users may specify a convenient time. Support is also provided via Skype, Viber, Telegram, Twitter, and WhatsApp. The ‘Contact Us’ section includes contact details of different departments: technical support, client relations, finance department and partner relations.

Awards

The broker has collected an impressive collection of rewards. The latest additions are The Most Active Broker in Asia 2020 (AtoZ Markets Forex Awards) and Best Affiliate Program 2020 (Global Brands Magazine). The company is also an official partner of Dragon Racing and the title sponsor of HKM Zvolen, which is one of the oldest hockey clubs in Europe. The brand has been promoted by celebrities like Borussia Dortmund, Daria Kasatkina, Ole Einar Bjørndalen, Ales Loprais, Vladimír Moravčík, HKM Zvolen, and others.

Conclusion of InstaForex Broker Review

This broker is a real veteran — it is over a decade old. Today, it offers a rich variety of instruments, accounts, and platforms. Clients can begin with modest deposits and develop their skills via a free demo mode. The site is packed with educational content, and support is reachable around the clock. 

While InstaForex broker is not the largest brand, it has important advantages over rivals. Beginners and experts appreciate the quality of its services and the variety of choice. Unlike other brokers, InstaForex allows them to work with several accounts at once through its Multi Trader web system.