InstaForex Review – Why You Should Consider Signing Up With This Broker

InstaForex Review
  • Broker Rating
4.1

Summary

Read our InstaForex review and learn why we recommend this broker for online trading. InstaForex is a great trading platform that offers features and services that suit traders from different backgrounds.

InstaForex Review

InstaForex logoA leading foreign exchange company globally, it provides many services. On this website, you can find broker reviews of InstaForex, where you can discover the conditions and offers that traders can take advantage of. We evaluate the capabilities of the Forex Broker. Trade with InstaForex no matter where you are located. This company based in Russia began offering leveraged financial products in 2007. They offer very easy account opening and trading. In addition, the company offers investment options on falling markets, and trading can be done anywhere.

The company operates 260 offices in over 260 countries, making it a global corporation. Athletes are among its other sponsors. In addition, InstaForex is regulated by European finance authorities. As a result, InstaForex is considered a trustworthy online broker.

InstaForex website

Account Types

InstaForex enables traders to tailor their trading experience to their needs with five different types of accounts available.

These accounts are as follows:

  • Standard

The majority of traders recommend a standard account. However, users can change the size of the deposit and the leverage of the account to suit their needs. It is possible to deposit in EUR, USD, or GBP, and no limits apply to deposits in this account.

  • Eurica

Spread-free accounts are good for beginners since they don’t require spreads. In addition, trades are executed without commissions. Euros, dollars, and pound sterling are the currencies, and there are no deposit limits.

  • ECN

In addition to offering greater flexibility in-market execution, ECN accounts do not require commissions. Furthermore, 100 EUR is the minimum deposit required for this kind of account, which does not change when looking at currencies minus GBP.

  • ECN Pro

The ECN Pro account comes with almost all the features of an ECN account. However, the minimum deposit requirement of 1,000 EUR is not suitable for fair-weather traders. The method of market execution for ECN accounts is different from that of instant execution. Due to the reduced floating spread of 0.8 pips, traders with larger investments can try out the platform for free.

  • Scalping

The floating spreads, no commissions, and more of the Scalping account will appeal to old-school traders who do not like the newer methods. A specific subset of traders can benefit from it, but it is valuable. Quick and short-term strategies are used in this account.

Trading Platforms

Its most attractive feature is its execution, which assures rapid speed and technical safety. In addition, they stand out because they offer a variety of investment options.

InstaForex trading platforms

Customer Support
Contact InstaForex via the contact form on their website if you need assistance. InstaForex provides 24/7 customer service via several service centers with over 260 offices and trained staff.

Education

Additionally, InstaForex is largely known for providing traders with education and data analysis by professionals. The site offers traders a variety of courses, webinars, seminars, and an analytical commentary on current market conditions. It is crucial for traders to feel comfortable and supported to be successful. Traders also have access to research tools and materials on trading platforms.

Regulation and Security

All EU members apply cross-border regulation to Cyprus due to its membership in the EU. In addition, the company also complies with the EU’s fourth money-laundering directive. Therefore, the maximum default insurance amount is €20,000. This amount typically covers most retail accounts, if not all. It’s deposit accounts are separate, as per regulatory requirements, to safeguard the client’s funds. Clients can view documents online and receive disclosures. The company is regulated.

Deposits and Withdrawals

Bank wire, credit/debit cards, Skrill, Neteller, Sofort, and Bitcoin, are all payment methods that InstantForex EU offers to its clients. In addition, this broker offers Bitcoin as a payment option, demonstrating its awareness of changes in the remittance market. There are no deposit fees in the brokerage sector, and the process is completed on the next business day. The fee for withdrawing money varies by method, but it is a universal fee. You will receive your money the following day.

Conclusion

Based on the findings, InstaForex operates in compliance with international laws and local standards, offering the highest quality of service. In addition, through its PAMM or ForexCopy systems, InstaForex offers its traders a variety of trading options, allowing them to invest and copy trading without spending hours deciding, or traders to follow any trading strategy they choose.