Note: InstaForexs official site - https://www.instaforex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Saint Vincent and the Grenadines
||Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, cryptocurrencies
||Cent. Eurica, Cent. Standard, Insta. Standard, and Insta. Eurica
||Vary on the account type
||Vary on the account type
|Deposit & Withdrawal Method
||bank cards, bank wire transfers, PayCo, AstroPay, cryptocurrency
InstaForex brand is a registered trademark of InstaFintech Group. Instant Trading Ltd (BVI) is licensed by BVI FSC, License Number SIBA/L/14/1082; Insta Service Ltd is registered with FSC Saint Vincent, Reg. Number IBC22945; Insta Global Ltd. registered in Saint Vincent, IBC24321. Services are provided under the InstaForex brand which is a registered trademark.
Note: The screenshot date is February 1, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
InstaForex offers investors a wide range of investment products, including Forex currency pairs, stocks, indices, metals, crude oil and natural gas, commodity futures, and cryptocurrencies.
InstaForex offers investors quite four trading accounts, namely Cent. Eurica, Cent. Standard, Insta. Standard, and Insta. Eurica. The minimum initial deposit set by this broker is also relatively lenient, only requiring $1 to open a live account.
In terms of trading leverage, InstaForex offers a dynamic leverage level for its traders. The maximum leverage level offered by this broker is up to 1:1000, which is considered high. Therefore, it is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
Insta Standard accounts come with a spread of 3 pips on EURUSD, 3 pips on GBPUSD, 3 pips on USDJPY, 8 pips on Apple stock, with 0.1% commission, 80 pips on spot gold, and 40 pips on spot silver.
Insta Eurica Accounts have a spread of 0 pips on EURUSD, 0 pips on GBPUSD, and 0 pips on USDJPY. The trading commission is 3 pips, Apple stock spread at 8 pips, with 0.1% commission, spot gold spread at 80 pips, and spot silver spread at 40 pips.
For the MT5 account, the spot gold spread is 60 pips, and the spot silver spread is 40 pips. Moreover, InstaForex offers a series of deposit bonuses ranging from 30%, 40%, 55%, to 100%.
InstaForex offers traders the world's leading MT4, MT4 Mobile, MT4 PC, MT5, MT5 Mobile, and MT5 PC to meet a wide range of user needs. MT4 is the gold standard of forex trading platforms with 9 schedules, a large number of technical analysis tools, online financial news, supporting automated trading, one-click trading, and the ability to develop suitable trading strategies for different levels of traders. MT5 is the latest version of MT4, with 21 timeframes and support for the MQL5 programming language.
Deposit & Withdrawal
InstaForex welcomes deposit and withdrawal of funds to and from your investment account via bank cards, wire transfers, Southeast Asian bank transfers, PayCo, AstroPay, South African online transfers, cryptocurrency payments, as well as local transfers from China, Indonesia, and Malaysia.
The InstaForex customer support team is available 24/5 and clients are served either from the principal office in Cyprus or from the representative office in Slovakia. Support is available via e-mail:email@example.com, and a callback option, live chat, Skype, Twitter, Facebook, YouTube, Messenger, Viber, WhatsApp, and Telegram.
Pros & Cons
|• Multiple trading assets, account types and funding options
||• Suspicious clone
|• Low minimum deposit ($1)
||• Website unavailable
|• MT4 and MT5 supported
Frequently Asked Questions (FAQs)
||Is InstaForex regulated？
||No. It has been verified that InstaForex holds a suspicious clone British Virgin Islands Financial Services Commission (FSC) license.
||Does InstaForex offer the industry-standard MT4 & MT5？
||Yes. Both MT4 and MT5 are supportable.
||What is the minimum deposit for InstaForex？
||The minimum initial deposit with InstaForex is $1.
||Is InstaForex a good broker for beginners？
||No. InstaForex is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation.