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InstaForex Overviews
InstaForex has over 7 million clients and has been in operation since 2007. offering CFD trading to clients through forex, stocks, indices, commodities, futures and crypto this broker has made a name for themselves over the years and is a favorite amongst many retail traders. This review takes a closer look at this broker and what they offer.
InstaForex is a well-known online forex trading platform that offers a wide range of trading services to its clients around the world. InstaForex has quickly grown to become one of the leading forex brokers in the industry, with over 7 million traders and over 300 trading instruments available on its platform.
One of the key features that sets InstaForex apart from other forex brokers is its commitment to providing its clients with the latest and most advanced trading technologies. The platform offers a range of trading tools and indicators that enable traders to make informed trading decisions and execute their trades easily.
InstaForex also offers a range of educational resources and training materials, including webinars, video tutorials, and trading guides, to help traders improve their knowledge and skills. The platform also provides its clients access to a team of experienced forex professionals who can provide advice and support on all aspects of forex trading.
In addition to forex trading, InstaForex also offers trading in a range of other financial instruments, including commodities, cryptocurrencies, and stock indices. The platform also offers a range of account types to suit the needs of different traders, including standard accounts, cent accounts, and ECN accounts.
Overall, InstaForex is a well-established and reputable forex broker offering its clients a wide range of trading services. With its commitment to providing the latest trading technologies, educational resources, and experienced support, InstaForex is a popular choice for traders worldwide looking to trade forex and other financial instruments. Let’s see if this broker holds up to the hype and if they are for you.
| Broker Feature | Overview |
| Type of Broker | CFD forex boker |
| Regulation & Licensing | Financial Services Commission (FSC) |
| Applicable Countries Allowed To Trade | See the prohibited countries section |
| Assets Offered | Forex, stocks, crypto, commodities, indices, futures |
| Platforms Available | MT4, MT5 Web, MultiTerminal, Mobile App |
| Mobile Compatibility | Yes |
| Payment & Withdrawal Options | Bank CardNetellerSkrillPayCoAstroPayCryptoBank Transfers |
Facts About InstaForex
- Founded in 2007
- Offer forex, stocks, commodities, crypto, futures
- More than 7 000 000 people are clients of InstaForex
- More than 100 000 clients are in the InstaForex club
- More than 1 000 new accounts are opened daily
- Over 300 trading instruments are available for the clients
- 55% is the highest bonus granted for every replenishment
- 9 trading servers provide reliable services for clients
- More than 30 experts are in the team of analysts
- More than 10 000 000 USD was invested in the PAMM accounts.
- More than 100 000 people are ForexCopy subscribers
- More than 500 000 USD is raffled off yearly among InstaForex clients as a part of contests and campaigns
- Over 2 000 people are winners of InstaForex contests
- More than 30 languages are available for website users
- The company received more than 30 financial awards during seven years of working
Pros and Cons
PROS
- Founded in 2007
- Offer forex, stocks, commodities, crypto, futures
- Offer MetaTrader (4 and 5)
- Mobile trading app
- Licensed by the FSC
- Good amount of trading resources
- Good customer support
- Two account types with Cent accounts for each
- Demo account
- Maximum leverage is 1000:1
CONS
- Low Trustpilot score
- Spreads are high
- Only regulated by one authority
Is InstaForex Safe? Broker Regulations
InstaForex is registered with the FSC. This is the only regulatory authority that oversees this broker, and you can find this information by heading to the “regulations” section under the “about InstaForex” menu. When you head to this page, an overview of the region in which the FSC regulates them is given. Here we can also see that the entity under which InstaForex operates (the InstaFintech Group) has been operating in the industry since 2007.
You can also find information about the company listed in the website’s footer. This is typically where brokers put their regulation information for easy access. Here they also give you the details about the broker’s physical address as well as their license number;
- Address: 4th Floor, Water’s Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands
- License number SIBA/L/14/1082 issued by the BVI FSC
It should be noted that multiple authorities usually regulate brokers, especially those of this size and those operating in multiple regions. However, this is not the case with InstaForex. In some cases, brokers regulated by only one authority are frowned upon and seen as unsafe, but there may be many reasons why they have chosen to do this.
You can also head to this broker’s “awards” section to see all the recognized achievements they have accomplished over a decade dating back to 2009. In the case of InstaForex, there are too many awards to mention, and they have literally won numerous awards since 2009 up to the present.
One aspect of this broker that is really nice is that they have a news feed (blog) that relates only to news about the broker itself. You can think of this as a live up-to-date news feed that just details specifics about the broker, their ambassadors, competitions, and such.
You would think we would put this under our trading resources and tutorials section, but this blog does not really relate to that. Thus, we would regard it as the broker being “transparent,” and we decided to address it here.
Another way to tell if a broker is reputable is to check whether or not customer reviews about their experience are good or not. Typically we would use Trustpilot for this as it is a site that many people regard as trustworthy.
However, the score for this broker is a mere 2.9 out of 5 stars from almost 300 reviews. This does not bode well for the broker. However, InstaForex also has reviews that are visible on their website. In this case, the broker gets to pick and choose, so undoubtedly, they are all going to be “in favor” of InstaForex.
- Financial Services Commission (FSC)
What Can I Trade with InstaForex?
The InstaForex website is quite daunting, even for experienced traders. The website is filled with a ton of information; if you do not know what you are looking for, you will surely get overwhelmed. In the case of tradable assets, this broker has over 300, and you will find information on the available instruments by heading to the “trading instruments” section located under the “for traders” menu tab.
It should be noted that InstaForex is only a CFD broker, and the assets that they offer will be traded on this basis.
It should be noted that if you open an MT5 account with this broker, you can only trade forex, shares, and metals. However, we will cover everything that you can trade on the standard account.
Forex
In terms of forex, InstaForex offers quite an array of currencies to trade. We don’t know the total, but they look to have about 100 pairs to trade. You can expect to find everything from major to minor and exotic pairs to trade here and even emerging currencies. One thing to note is that details on forex rates are also given in this section and they are as follows;
Forex trading terms on major and cross rates for Standard accounts are;
- Minimum deal size makes up 0.01 lots
- Minimum pip price totals 0.01 USD
- margin is from 0.10 USD
- Leverage for trading in USD/RUB and EUR/RUB currency pairs is 50:1
Shares
For shares (and remember, this is for CFD stock trading), clients are looking at about 200 in total to trade. Although this list is not the largest, it is not the smallest either, and all the most popular stocks are available. Again the trading terms for stocks are given here, which we will outline, but it should be noted that sometimes brokers choose to give these details in the “trading accounts” section.
Contract trading terms for all CFD and Metal account types;
- Minimal lot size – 0.01 lot (1 share or 1 ounce)
- minimum margin 0.10 USD
Indices
The indices list for InstaForex comprises of 20, which is, for the most part, all the biggest and most followed indices. You will find everything from the Hand Seng to the S&P 500 to the Swiss Market Index and more here. The trading conditions for indices are;
- Buy-swap is -7%
- Sell-swap -2%
Metals
In the case of metals, clients can look to trade gold, silver, and palladium against the USD. There is nothing out of the ordinary about the list of metals that InstaForex has, except that it lacks all the available metals one can trade. Contract trading terms for all CFD and Metal account types;
- Minimal lot size – 0.01 lot (1 share or 1 ounce),
- minimum margin 0.10. USD
- Leverage for GOLD and SILVER trading is 1:100
- Leverage for CFD trading is 1:10
Oil and Gas
InstaForex probably has one of the largest “lists” that comprise of oil and natural gas. Typically, brokers will have brent, crude, and natural gas instruments. However, InstaForex also has futures available for these, taking the number of assets to 20 in total. Here are the trading conditions;
- The Buy swap on all futures instruments except #CLand # N.G. is -0.1 points, while the Sell swap is -0.2 points
- The Buy swap on #CL is -2 points, and the Sell swap is -1.5 points. For # N.G., the Buy swap is -1 point, and the Sell swap is -0.5 points.
- The minimum trade volume is 0.01 lots (1 lot for cent accounts)
Crypto
InstaForex has the top available crypto coins to trade as CFDs. They don’t have many, but you can expect everything from Bitcoin to Solana here.
Futures
We put all of these brokers’ futures under this heading, but as you can see from the “oil and gas,” they span a variety of assets, including commodities and “InstaFutures.”. Expect everything from cocoa to corn, cotton, and cattle feed for commodities, while InstaFutures comprise of the EUR against the Dollar over a weekly and monthly period.
- Cryptocurrency
- Stocks (Shares)
- Forex
- Futures
- Oil and Gas
- Metals
- Indices
How to Trade with InstaForex?
There are four ways in which you can trade with InstaForex. Traders who are familiar with trading will understand when we say this broker uses MetaTrader 4 and 5 as their software. We have covered MetaTrader (both 4 and 5) at length in many of our other articles, so we will not cover these platforms here in detail.
However, InstaForex also offers a web terminal and then also “Multiterminal.”. The web terminal is just a browser version of MetaTrader, and we have also covered this in great detail here at PipPenguin. However, this is the first broker we have come across that offers “Multiterminal” as a platform. Multiterminal is just MetaTrader 4 that allows you to manage several accounts at the same time.
One thing to note is that the only download option is for Windows when going through the trading platforms available for this broker. This is for both MT4 and MT5. The broker does not specifically state that it is not available for other platforms, but we could not find information on if it is available for Mac.
Lastly, this broker does have a proprietary mobile trading app, but we could not find information about it on their website. This is quite ironic, as this broker lists almost everything they have on their website. Through our research of the Play and Apple App store, we did come across their app.
One small image on the homepage shows the Play and Apple stores, but nothing else is mentioned. Also, this may be missed by some individuals because of the amount of information thrown at them on the homepage.
Although not something to be concerned about, the amount of information that is available on their site is a lot, and beginner traders may find that starting to trade on mobile is how they would get into trading. It is something this broker should consider.
| Feature | MT4, MT5, Web | InstaForex Quotes and Trading |
| One-Click or One-Tap Trading | Yes | Yes |
| Trade Straight off Charts | Yes | |
| Email Alerts or Push Notifications | Yes | Yes |
| Mobile Alerts | Yes | Yes |
| Stop Order | Yes | |
| Market Order | Yes | Yes |
| Trailing Stop Order | Yes | No |
| OCO Orders (One-Cancels-The-Other) | No | No |
| Limit Order | Yes | No |
| 24hr trading | Yes | Yes |
| Charting Package | Yes | No |
| Streaming News Feed | Yes | Yes |
- MetaTrader 4 (Windows, Mac*, Web)
- MetaTrader 5 (Windows, Mac*, Web)
- MultiTerminal (Windows, Mac*)
- Quotes and Trading Mobile app
How Can I Open InstaForex Account? A Simple Tutorial
As we have stated, this broker’s website is packed with a ton of information, and opening an account may seem like a big deal. However, this is not the case. For the most part, it is similar to that opening an online account with other brokers.
The first thing you will need to do is to head to the InstaForex website. Typically brokers have the “signup” or “register” button located on the side of the main menu. However, InstaForex has so many tabs and sections that they have put the “open trading account” underneath the top banner. For this tutorial, we will be explaining how to open a live account. Firstly, click on the “open trading account” button. No matter what language you select, the website’s layout remains the same, and only the content is translated.
You will then be redirected to the InstaForex registration section and which is comprised of three steps. The first step will have you insert your status and Email address.
Once this is done, you will move on to step two. This will have you fill in personal details such as your full name, date of birth, city, region, postal code, country, and phone number.
Step three will have you then choose and manage your account type. This will include creating your password, selecting your account type (which we will discuss later), your leverage, account currency, and affiliate code if you have one.
After you have filled this in, you will have created your account, and you will be taken to a deposit screen, as shown below. However, it is not necessary to make a deposit straight away. You can go back to the homepage and log into your account via the login button located in the top header.
You will then be taken to the client area. We suggest you do this rather than making a deposit, even though the bonus is only applicable when you are at the deposit screen. The best option is to open another window and log in from there while still having the deposit window available.
After logging in to your account, you will be taken to the client area, where you can get a full overview of your account.
Remember that you will need to pass two verification levels on your account if you intend to deposit and withdraw. However, this is not included in registration; you must access this via the client area.
