Regulators: CySEC, FSC

Cryptocurrencies: YES

Minimum Deposit: $1

Maximum Leverage: 1:1000

Spreads: Low

My Score: 6.2

InstaForex is a Russia-based forex broker offering online trading services for investors since 2007. I can say that this broker is one of the oldest brokers in Forex market. In this process, it has expanded its client base with different types of accounts and innovative services. Instaforex has become one of the best-known forex brokers, especially among Asian countries.

The main visitors of the website,, are from Russia and Ukraine in Europe. There is also strong interest from traders from Brazil in South America, Malaysia and Kazakhstan in Asia, Nigeria in Africa.

In other words, it is a broker that has a very international reputation and serves in a wide geographical area.  The broker’s official website has about 1.5 million visitors a month. This number is very high when we compared to other forex brokers.

instaforex review

InstaForex says it has been taking part in various expositions and events around the globe since 2009. The company organizes conferences and seminars attended by tens of thousands of visitors. InstaForex has been a platinum sponsor and an active participant of the ShowFx World expo since 2010.

After all, there are some topics that investors are curious about. Is InstaForex scam or legit broker? What are account types and trading conditions? Is InstaForex regulated? What are the deposit and withdrawal methods? Is there a problem during the withdrawal process? What is the minimum deposit for InstaForex?

You can find all these questions in this Instaforex review. In addition, if you have any other questions that you suspect, you can also express them in the comments section below the article. I will try to answer in detail as soon as possible. Let’s start this Instaforex broker review with regulation and investor protection.

Regulation and Investor Protection

InstaForex is the trading name of Instant Trading Ltd. It is the global version of the company. Another company is, Instant Trading Eu Ltd is a Cyprus Investment Firm (HE266937) that provides trading for the EU area.

As you can see below, InstaForex has two licenses from two different regulators: CySEC in Cyprus and FSC in British Virgin Islands. Instant Trading Ltd. is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI). License Number: SIBA/L/14/1082

Instant Trading Ltd. operates in accordance with FSC regulations and prioritizes transparency to customers by acting according to the law and protecting customer interests.

Instant Trading EU LtdCyprusCYSEC
Instant Trading LtdBritish Virgin IslandsFSC

InstaForex (Instant Trading EU Ltd) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with 266/15 license number.

The license guarantees security and transparency for all clients of InstaForex. Since the broker participates in the Investor Compensation Fund, ensuring the negative balance protection and the best execution policy.

As mandated by EU regulation, InstaForex provides the Investor Compensation Fund (CIF). In the event of bankruptcy, accounts are covered up to a maximum of €20,000 with this compensation.

InstaForex Account Types

InstaForex offers 4 different account types, but these account types can be divided into two main categories. These two categories are the Standard account type and the Eurica account type. These are divided into Insta and Cent.

Account typeMin./Max. depositMinimum trade sizeMaximum leverageSpreads (Commission) 
Insta Standard$10.011:1000Fixed 3 pips
Insta Eurica$10.011:10000 pips + 0.03% / 3 pips
Cent Standard$1 / $10000.00011:1000Fixed 3 pips
Cent Eurica$1 / $10000.00011:10000 pips + 0.03% / 3 pips

Cent account is a nano account type. It is possible trading  with nano lots in nano account types. For example; 1 standard lot equal to 100,000 unit in forex. So when buying 1 lot of EURUSD trade, you will be receiving 100,000 euros. In addition, there are a mini lot equivalent to 10,000 unit and a micro lot equivalent to 1000 unit.

Brokers offering nano account types, however, also have a nano lot equivalent of 100 unit. Unlike other brokers, InstaForex has a lot of other types that can be called ultra nano lot and have equivalent  to 10. The minimum trade size is 0.0001 lot in the cent account offered by InstaForex.

In InstaForex, swap-free accounts, also known as Islamic accounts, are available, but the broker may ask you to document your faith. At the end of the examination of the documents, the broker may accept or reject your Islamic account application.

There is practically no matter difference between the Eurica account type and the standard account type. There is no spread in Eurica account type but commission is charged by the broker. However, it is practically a cost of 3 pips, such as a fixed spread standard account.

The minimum deposit of Instaforex is $1 and the maximum leverage is 1: 1000. The maximum leverage offered by InstaForex is quite high this is good news for the traders who want trade with the high-level leverage ratio.

InstaForex offers attractive trading conditions that are considered to be among the best ones in the world. Traders have access to a great variety of financial tools more than 300.

There are over 100 available currency pairs. There are also CFDs, commodities such as gold, silver, natural gas and crude oil, indices and cryptocurrencies.

Trading Platforms

Insta Forex offers its clients five different platforms. Clients can choose a trading platform which suits their needs to trade. All of these platforms aim to fulfill clients requirements.

The platforms are MetaTrader 4, MetaTrader 5, Multiterminal, Web trader and InstaBinary. MT4 and MT5 are the most popular platforms in the industry. They offer variety of tools for technical analysis, automated trading, free indicators and advisors and more.

Multiterminal allows you to work with several InstaForex trading accounts simultaneously. Multiterminal is an ideal tool for investors who manage their clients’ accounts. (Account Management).

InstaForex webtrader is designed by InstaForex. It is available only for brokers’ clients. It enables investors to trade directly in the browser and it does not require any download.

InstaBinary platform is for binary options and it is made by the broker. It has 6-digit quotes. This feature allows traders to increase their profits because even small volatilities are very important to profit assessments.

InstaForex Deposit and Withdrawal Methods

Instaforex; offers a wide variety of deposit and withdrawal methods from wire transfer to bitcoin, from e-wallet systems to credit card. I do not think an investor would say: I wanted to deposit money in the InstaForex account, but the options were not suitable for me. You can see all the deposit and withdrawal methods and fees and processing time in the table.

MethodsFees on DepositProcesssing Time on DepositFees on WithdrawalProcesssing Time on Withdrawal
Bank CardSystem fee24 hoursSystem fee1–6 business days
Bank WireBank fee2-4 business days2%2-4 business days
MegaTransferNo feesInstantNo fees1-7 working hours
PayCoNo feesInstantSystem fee48 hours
SkrillNo fees24 hours1.39%1-7 working hours
BenecardNo fees24 hours1%1-7 working hours
NETELLERNo feesInstant2%1-7 working hours
China Union PayNo feesInstant1.5%-1.8%1-2 business days
WeChatNo feesInstantXX
AlipayNo feesInstantXX
Nganluong bankNo feesInstantNo fees2-4 working days
Nganluong walletNo feesInstant1100 VND + 1.1%7 working hours
PaxumNo fees1-7 working hoursNo fees1-7 working hours
BPay.mdSystem feeInstantNo fees1-7 working hours
Carta Bleue (France)No feesInstantXX
CartaSi (Italy)No feesInstantXX
Dankort (Denmark)No feesInstantXX (Bulgaria)No feesInstantXX
Electronic Payment Standard (Austria)No feesInstantXX
GiroPay (Germany)No feesInstantXX
iDeal (Netherlands)No feesInstantXX
Maestro (UK, Spain, Ireland, Austria)No feesInstantXX
Nordea SOLO (Sweden)No feesInstantXX
POLi (Australia)No feesInstantXX
PostePay (Italy)No feesInstantXX
Przelewy24 (Poland)No feesInstantXX
RapidNo feesInstantXX
SOFORTNo feesInstantXX
TrustlyNo feesInstantXX

Other payment systems
System fee7 working hoursXX
BitCoinNo fees3 hours0.5%1-7 working hours
LiteCoinNo fees3 hours0.5%1-7 working hours
Transfer between accountsXXNo fees1-7 working hours
SolidtrustXXSystem fee1-7 working hours
PAYSECNo feesInstant1,75%1 business day

InstaForex Bonus and Promotions

InstaForex offers its customers a wide range of bonuses. They differ in size, conditions and use in trade. Remarkably, the profits made by using bonuses can be withdrawn.

The bonuses are 100% first deposit bonus, 55% every deposit bonus, 40% InstaForex club bonus, and Chancy deposit bonus.

Instaforex bonus program is one of the best around all brokers. The broker gives you a first deposit bonus with 100%. You can get this bonus by opening an account and deposit. The bonus is not withdrawable and it is up to $2000. But, you can withdraw the profit from you get from the bonus.

If you have an account or open an account you can get %55 bonus to every deposit in Instaforex. There are no limits and maximum – minimum amount for this bonus.

InstaForex Club bonus is for the clients who are a member of InstaForex Club Card. It is free to take this card. Every owner of InstaForex Club Card has a right to receive the Club Bonus on their trading account.

If you deposit your account with $3000, you can get $1000 more with chancy bonus. In the end of the month, one trading account chosen in a random way is announced as winning and credited with the prize funds.


InstaForex is a forex and CFD broker that offers good trading conditions. It provides different platforms including MetaTrader. Spreads are very competitive, leverage is high, minimum deposit is very low.

InstaForex is regulated by CySEC and FSC. It means that you can trust the broker. The broker covers the investor’s funds carefully. The company does not have any problems in terms of reliability.

The broker has been operating since 2007. The website is well-designed and has many sponsorships. Insta forex is a reputable forex broker and you can open an account with this broker without any doubt.

Frequently Asked Questions

You can find the FAQs about InstaForex in this section. If you have more questions about the broker, please feel free to ask me in the comment section. I will try to answer them as soon as possible.

Is InstaForex regulated?

Yes, InstaForex is regulated by CySEC and FSC. You can check the licenses with their numbers. The broker is legit and offers good trading conditions.

Can I withdraw InstaForex bonus?

InstaForex bonus programs are very advantageous. If you want to withdraw bonus funds you need to contact with the broker. You can withdraw bonus profits from you trading account.

What is the minimum deposit for InstaForex?

InstaForex minimum deposit is just $1. It means that you can open a real account with Instaforex by depositing only $1 via credit card, e-wallets or cryptocurrencies.

Is InstaForex Safe?

InstaForex is a safe forex broker. It offers good investor protection. You can read my whole review to see all the information about InstaForex.

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Commissions and fees


Customer Service


Platform & Tools


Product Portfolio



  • CySEC and FSC regulated
  • Low inital deposit as $1
  • Wide range of payment methods
  • MT4 and MT5 support
  • Good trading conditions


  • Trading conditions may vary depending on brokers regulations

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  1. I’ve traded with various forex brokers, almost every broker had troubles like – slippage, requotes, wide spreads, terminal frozen etc. I’ve been with InstaForex for about one year now but I never have seen such kind of troubles with them. InstaForex has a wide range of trading instruments, low spreads, their execution is incredibly quick and slippage is almost none. I am making a good profit every month. I also like their Instawallet payment system. End of the last month I made a withdrawal of 780$ and I got my money within 15 minutes. InstaForex deserves 9.9 out of 10.

  2. For two years now, I have only made my trades at Instaforex. This broker is absolutely an excellent company. Not only do they provide quality services, they also offer various programs that you be helpful to their clients. First is their comprehensive Forex education section, and they also have the ForexCopy and PAMM system.

  3. I can trade Bitcoin/Usd pair at Instaforex Broker. Till now I have earned $1K profit by Bitcoin trade. Actually, I a happy with their service and facilities. Also, I have found a high tech platform, where order execution is fast. Instaforex has a reliable payment service too. As I have never met any money withdrawal issue. So I’m really satisfied with Instaforex broker.

  4. My 7 months trading experience with InstaForex has been rewarding. I got a 100% bonus on my first deposit and after that, I always received 30% bonus on my every deposit.. It’s a great offer. Besides this, they have no slippage, no price latency, very competitive spreads, and profit levels always honored. I use PayCo for deposits and withdrawals every time they processed within two hours. The best pleasure thing is that I feel safe dealing with a regulated broker.

  5. Right now, the only thing that I regret is not deciding to start an investment at Instaforex earlier. This broker offers amazing trading conditions and even though I was a beginner, I did not have any trouble making my trades. This broker made it easy for me to adapt and familiarize myself with the trading system.

  6. I’ve pleased on the Instaforex’s MT4 trading platform where my orders always executed directly in live price quotes. Also, I’ve found a clear graphical chart and I can be using a number of tools, technical indicators or an expert advisor in the platform. as I can analyse the market trend and really benefited so far. InstaForex also gives the security of my money and they have a good transaction of withdrawal and deposit via Skrill. I got a 30% bonus each deposit, which increased my equity on trading. So I recommend traders to try them one time!

  7. I am pleased on the Instaforex’s MT4 trading platform where my orders always executed directly in live price quotes. Also, I’ve found a clear graphical chart and I can be using a number of tools, technical indicators or an expert advisor in the platform. as I can analyse the market trend and really benefited so far. InstaForex also gives the security of my money and they have a good transaction of withdrawal and deposit via Skrill. I got a 30% bonus each deposit, which increased my equity on trading. So I recommend traders to try them one time!

  8. Instaforex offers a wide range of trading instruments. I chose this broker because they also allow cryptocurrency trading which I have been interested in for a long time now. So far, my overall experience is really great. And although I only planned to trade crypto, since Instaforex has various products, I have also started investing on other instruments.

  9. I always try to diversify my money among more than a few brokers, but InstaForex seems really safe, will keep working with them! As a new client, I entitled to a 55% bonus on my first deposit. At the beginning when I make deposit of $660 they give me $363 extra as 55% welcome bonus. They offer MT4 Platform, which is outstanding, sometimes small slippage but not more than 20 pips during big news. Never face any trouble using my customize EA with their platform .In this two I made around 300+ trades and my account profit is up 250% because all my customize EA is profitable on this broker. However, I am yet to withdraw my profit from their system. Hopping InstaForex will not regret me.

  10. I am pleased with Instaforex platform, I’ve got an Insta-standard account and trade by the PAMM Investor. on MT4 platforms with $50 investment. Now I can reach my account to $450 by the PAMM system. I think it is 100% unique profitability strategy, As an expert trader managed my account and doing the trade for me. I’ve found their server or execution is so fast on the MT4 platform and I can place orders instantly. Overall I am happy with InstaForex broker.

  11. I’ve customized an Expert Advisor (EA) on the MT4 platform with InstaForex broker. My EA works well so far, as all orders executed by the STP, which has direct market access, so any orders always open or close on time, while their spread is fixed. So my profits reached $1.2K in a month. I can withdrawal my profile through bank transfers within two working days, no problem yet. Actually, I’ve enjoyed the outstanding performance of InstaForex broker.

    • Hello, we are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us. We wish you the best in 2021!

  12. I joined InstaForex since 2020 and I am blissful to find this broker. Their support team working on the Live Chat is very cooperative. In my 9 months, I never face any big issue except one. I had a limit order on Euy/Jpy pair, they executed my order 9 pips away from my entry price. When I speak to them, on the live chat, they take into account and adjusted it and till now I never face such kind of trouble. What I like most about Insta that is their very fast and hassle free withdrawal system. I usually withdrawal of my profits 2 times in a month via Payco I received money within 2 hours and they didn’t take any withdrawal charge. So I can say InstaForex is a sincere and dedicated broker no doubt.

    • Hello, our company is apologizing for the late reply. We are really happy to have you as a customer! Thank you for your feedback. We wish you good luck in 2021!

  13. Instaforex has a functional mobile platform and this is my favorite part about this broker. Not all brokers could provide a mobile platform that works efficiently but Instaforex was able to do it so well. This is very convenient as I can constantly check my trades anytime. Aside from this, the overall trading experience at this broker is really amazing. Low fees, reliable support, and stable platform.

    • Hello, we are sorry for the late reply. We are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us. We wish you good luck in 2021!

  14. One of the best features of Instaforex is their ForexCopy system. This program is really helpful for beginners like me. It allows me to earn even with the lack of knowledge and skills. At the same time, I can also practice without worrying about huge losses. The trader that I am copying is an excellent one.

    • Hello, our company is apologizing for the late reply. Thank you for your positive review. We are really happy to work with you!

  15. For me, it is important that a Forex broker is strongly regulated. With Instaforex, I am confident that I will not need to worry about the security of my funds. This broker is honest and reliable and I have been with them for the past three years. I am able to withdraw my profits freely and the transactions are often completed within 48 hours. The overall trading experience with this broker is pleasant and I am really glad that I chose them.

    • Hello, we are sorry for the late reply. We are really happy to have you as a customer and always glad to help if needed! Thank you for choosing us and for your positive feedback.

  16. I am new to trading. Although I made my own research already, I still feel like I still lack the knowledge and skills. Thankfully, my current broker now which is Instaforex, is very accommodating to beginners. They dedicated a section for Forex education and they often conduct webinars. Little by little, I am gaining confidence and I can feel that I am doing better and better in my trades. Aside from the guidance, this broker also has a platform that is easy to use yet still complete with the essential tools. So far, I think that I am with a great broker.

    • Hello, our company is apologizing for the late reply. Thank you for your positive review. We are really happy to work with you and always glad to help if needed!