Is InstaForex legit or scam broker? What is InstaForex minimum deposit? Instaforex deposit and withdrawal options. InstaForex review.
6.2/10 (Expert Score)
Product is rated as #32 in category Forex Brokers

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.

6.2Expert Score

I reviewed InstaForex based on the following criteria.

  • 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

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

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.

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.

Account Types

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.

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.

Deposit and Withdrawal Methods

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.

Bonus and Promotions

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

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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Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.


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