InstaForex is an online trading service for investors since 2007. One of the best and the oldest in the market with higher popularity among Asian markets and clients. It had attracted investors from all over the world with great customer support and variable options for choices in every aspect whether that was trading accounts, trading instruments, or even trading platforms.
The website supports many languages which guarantee you’ll find the support you’re looking for in your mother tongue without worrying about any language barrier issues. These languages include Arabic, French, Italian, Portuguese, Thai, Chinese, Indian, Malaysian, Russian, Ukrainian, Indonesian, Urdu Spanish, Vietnamese, and of course English.
With international sponsorships and representatives leading in the arena of chess, swimming, and more, this InstaForex Review 2023 is making sure to show the level of financial stability of their organization and the level of trust of their investors where all e presented and supported by InstaForex and hence has managed to attract global investors from all over the world.
I reviewed InstaForex based on the following criteria.
- FSC regulated
- The low initial deposit is $1
- Wide range of payment methods
- MT4 and MT5 support
- Good trading conditions
- Trading conditions may vary depending on brokers' regulations
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 compared to other forex brokers.
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 in the ShowFx World expo since 2010.
In addition to the awards, the broker has been winning from all over the globe including the recent one which is the best forex broker at the international invest awards awarded by international investor magazine 2022.
After all, there are some topics that investors are curious about. Is InstaForex scam or a 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
Regulation and Investor Protection
Without regulation, there’s no trust. This perfectly applies in the case of forex brokers in the market and trades funding live accounts to invest in forex or commodities or CFDs in general.
All traders and even brokers know the value of license and regulation to provide safety and trust when dealing with a broker. It’s common sense for any trader to want to ensure that their funds and profits are ensured, separated from others’ funds, and facilitation in the means of withdrawal of profits whenever requested.
But in this case with Instaforex, we can see clearly the broker is regulated by a trusted financial watchdog. Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082 and Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945.
Instant Trading Ltd. operates in accordance with FSC regulations and prioritizes transparency to customers by acting according to the law and protecting customer interests.
The FSC is fulfilling the international commitments to the prevention of international white-collar crime while at the same time protecting the privacy and confidentiality of legitimate business transactions. Which ensures the safety of clients’ funds against any fraud, theft, or other financial crises.
The license guarantees security and transparency for all clients of InstaForex. Since the broker participates in the Investor Compensation Fund, ensuring negative balance protection and the best execution policy.
InstaForex Account Types
This InstaForex review will break down the account types and all the included features within each account including spreads, minimum deposit, maximum offered leverage and more.
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.
There are 4 account types offered by InstaForex for forex trade which are categorized into 2 main categories and each category has 2 different types of accounts within. The first category accounts are the Insta accounts which include:
Where the minimum deposit offered on this account is $1 with no limit to the maximum deposits that you can make on the account. The spreads rate here ranges from 3 pips to 7 pips and no fees are added to transactions that take place in the Insta Standard account. The minimum tradable amount is 0.01 of the standard lot which means a micro lot. Whereas the maximum amount of lots to be traded is 10.000 lots. The leverage in this type of account is ranging from the least amount that can reach 1:1 to the maximum offered leverage which is 1:1000. The margin for locks is 25% and the margin call is 30%. while the stop-out level is 10%. Instant execution of orders takes place within the orders placed using the Insta Standard account.
In the Insta Eurica account, the same minimum deposit is applied of $1 and also no maximum amount of deposit if forced which makes it easier for traders to add whichever amount of deposit they seek to invest with. The spreads are 0 pips here yet there is a fee applied to transactions which is ranging from 0.03% to 0.07% fees. The minimum tradable amount is the micro lot and the maximum tradeable amount of lots is 10.000 lots. The leverage range of the minimum and the maximum amounts are similar to the Insta Standard account that I’ve mentioned in this InstaForex Review of amounts 1:1 as the minimum leverage and 1:1000 as the maximum leverage offered. The margin of locks, the margin call and the stop-out levels are the same as the amounts seen in the Instastandard account which are 25%, 30% and 10% consecutively.
The Insta accounts are having some similarities and other differences that need to be differentiated to assist in making the right choice of the best account type for you.
The main difference between the Insta Standard and the Insa Eurica account is that in the Insta standard account, the spreads are ranging from 3 to 7 pips, while in the Insat Eurica accounts the spreads are 0 pips.
Both the Insta standard and the Insta Eurica account share the following features:
- Minimum deposit of $1
- Maximum leverage of 1:1000
- Deposit currency using USD and EUR
In the standard accounts, there are zero fees applied on the transactions using these accounts, yet in the Instant Eurica accounts, there are fees of 0.03% up to 0.07% fees applied on the transactions.
And the second category is the cent category is also including 2 types of accounts; the Cent Standard and the Cent Eurica.
The currency used to make deposits in this account type is USD cents and EUR cents. With $1 as a minimum deposit yet in the cent standard account, there is a maximum deposit that can’t be exceeded $1000. The spreads here are ranging from 3-7 pips with zero fees applied on the transactions made within this account. The minimum tradable lot here is 0.1 of the standard lot which means the mini lot. the maximum amount of traded lots is 10.000 lots. The maximum leverage offered is 1:1000 and the minimum usable leverage is 1:1. Th margin of locks is 25%, the margin call is 30% and the stop-out level is 10%.
The same currencies are used here USD cents and EUR cents, where you get to have $1 as the minimum deposit amount and a maximum amount of funds to be added of $1000 is allowed only. The spreads here are zero and there is a fee applied of 0.3%-0.7% on transactions done with this account.
The main difference, however between both the cent accounts is that the Cent Standard is having a higher spread applied ranging from 3-7 pips, while 0 pips for the spread is offered in the Cent Eurica account. along with a fee for transactions that is ranging from 0.03-0.07%. The mini lot is the least tradable lot amount and 10.000 lots are the maximum tradeable lot amount. The same amount of the minimum and maximum leverage rates can be noticed here too of 1:! as the minimum leverage offered and 1:1000 as the maximum amount. 20% is the rate of the margin for locks, 30% is the rate for margin calls and 10% is the rate for stop-out levels.
The difference between the Insta and the Cent accounts is that, in addition to the possibility of using mini lots, there is a maximum deposit limit in the cent account of $1000 there is no limit in the Insta accounts.
Cent account is a Mini lot account type. Where you can trade 10.000 units of any forex instrument or CFDs. Some brokers offer the cent account to be traded in the nano lot which is 100 units of the lot, yet this isn’t the case in InstaForex. If you want to know more about the lots and their types check the article what is lot size.
Some brokers offering nano account types, however, also have a nano lot equivalent of 100 units. Unlike other brokers, InstaForex has a lot of other types that can be called ultra nano lots and have an equivalent of 10. The minimum trade size is 0.0001 lot in the cent account offered by InstaForex.
The option for demo accounts is possible to be used. It mainly targets beginners in forex but all traders can use it. One of the main purposes of the demo account is to allow trial and error along with knowledge testing and strategy applications before real trading in the market.
The minimum deposit across all account types in Instaforex and as I’ve mentioned in this InstaForex Review is $1 and the maximum leverage is 1:1000. The maximum leverage offered by InstaForex is quite high this is good news for traders who want to trade with 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.
Forex swap-free account is also available as it’s targeted for traders who use trading systems without adjustment to swaps or for customers who are not allowed to receive swaps owing to their religious beliefs.
InstaForex 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 fulfil 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 a 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 client’s 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.
Deposit and Withdrawal Methods
InstaForex Deposit and Withdrawal Methods
Instaforex is offering different ways to deposit and withdraw money for clients, originating from their knowledge of how crucial the means are the speed is to anyone trading in forex and CFDs.
These deposit methods include wire and electronic transfers, local or international ones. By bank cards that involve credit and debit cards whether that was a visa or a Mastercard. And e-wallets like Neteller, Payco, Astropay, and more. There are also options to make deposits in cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Tether.
While the withdrawal means are also variable which is, in my opinion, a great feature of the broker, as it allows the clients to withdraw funds in the easiest way possible for each person.
You can withdraw funds by e-wallet options like Neteller and Astropay and more. Also by cryptos. Additionally, you can transfer funds between accounts too. Some fees might apply depending on the method of withdrawal you’re choosing so I’d recommend paying extra attention to the hat too. The fees are all stated on the broker’s website.
InstaForex Trading Instruments
There are different products within the walls of the broker to be traded in as the broker is well aware the reason for those trading instruments is to provide variety and options to the trading portfolio of the investor.
Currency pairs: there are more than 100+ pairs available for trade including major, minor and exotic pairs from all over the world.
Shares: where you can trade in stocks of major companies including eBay, Amazon, Apple, and more.
Indices: here you can trade in the different indices including S&P 500 Index, Dow Jones Industrial Average, Nikkei 225, and more.
Metals: Gold silver and palladium are available for a trade where Leverage for gold and silver trading is 1:100.
Oil and gas: you can trade Crude oil and natural gas. The minimum trade volume is 0.01 lots (1 lot for cent accounts).
Commodity futures: futures of gold, silver, copper, platinum, palladium, corn, soybean, wheat, cocoa and more are all available for trade.
Cryptocurrencies: like Bitcoin, Ethereum, Litecoin, Ripple, and more are offered for trade with leverage that ranges from 1:1 to 1:10 but can be changed based on the market condition.
Bonus and Promotions
InstaForex Bonus and Promotions
There are 4 types of bonuses offered by InstaForex to their clients which include:
100% bonus: in which this bonus is offered on the first deposit made on the real accounts with maximum leverage offered of 1:200. The amount of the bonus itself isn’t withdrawable however, the profits made can with withdrawn.
55% bonus: this bonus is applied to every deposit that is made on the new accounts till the 28th of October 2022. The way to get this bonus is quite easy, all you need to do is to have a live account, if not then open a new live account, make a deposit and send your request to get the bonus. The leverage offered for this bonus is 1:200.
30% bonus: this bonus is applied on every deposit yet the leverage offered on this bonus is 1:1000. and unlike the other 2 bonuses that I’ve mentioned, the stop-out level in this bonus isn’t 100%, but it’s only 10%. However, with this bonus, you’d be compatible to get another bonus with it which is the club bonus, which is another characteristic of this bonus, unlike the previous 2 bonuses which are the 100% bonus and the 55% bonus where they’re not compatible with any other bonuses.
InstaForex Club Bonus: this bonus is offered up to 40% which is also applied on every deposit with a leverage of 1:1000 and a stop-out level of 10%, having the 30% bonus compatible for application along with it.
A monthly promotion is offered under the name of a chancy deposit bonus where the bonus offered can reach up to $10.000 with only one occurrence possibility with 1:1000 maximum leverage offered and a 10% stop-out level. 2 bonuses are compatible with this chancy deposit bonus which are the 30% and the 55% bonuses.
The maximum bonus amount for all the bonuses is unlimited except for the coupon bonus that’s only offered for InstaForex partners. All bonuses are available for new clients except for the club bonus as its only offered for the traders who are members of the InstaForex Club only.
Conclusion of InstaForex Review 2023
InstaForex is a forex and CFD broker that offers good trading conditions. Some of the details and proofs of that as was mentioned in this InstaForex review include that It provides different platforms including MetaTrader. Spreads are very competitive, leverage is high, and the minimum deposit is very low.
In this InstaForex review, I revealed that it’s regulated by 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. They’re also ensuring the segregated funds for their clients, separate from the operational funds of the broker itself and locked away in the biggest most secure banks of the world.
The website is well-designed and has many sponsorships. Instaforex is a reputable forex broker that if offering different account types and multiple trading instruments to provide fluid trading portfolios for investors.
Frequently Asked Questions
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 FSC. You can check the licenses with their numbers. The broker is legit and offers good trading conditions.
Can I withdraw the InstaForex bonus?
InstaForex bonus programs are very advantageous. If you want to withdraw bonus funds you need to contact the broker. You can withdraw bonus profits from your trading account. But the bonus amounts themselves are not withdrawable.
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.