This InstaForex review appreciates the variety in account types from the broker, as there are two main categories of accounts, both also offered in micro versions. I must say that this is something very unique which I am yet to see any other broker provide. I think it goes to show how this broker is always trying to be innovative and lead the way for others to follow.
InstaForex Account Types
To enable its customers to be always on top of their trading, InstaForex also provides dedicated Android, iOS, and Windows applications. This account resembles the cent standard account; the trading volume is tiny (0.1 US Cent), and the highest commission or spreads may vary from 0.03% to 0.07%. The micro account will require only 1 dollar as the minimum deposit, whereas the mini and standard accounts ask for minimum deposits of $100 and $1000, respectively. InstaForex offers ForexCopy, which allows you to copy the orders of other successful traders even if you are not in their trading terminal. It doesn’t take long for people to start copying the work of the chosen trader. If you are looking for a social trading platform, I think eToro are the industry leaders in this respect.
Choose country
The broker attempts to make trading as easy as possible by providing complete assistance. Diving further into the essence of leverage, traders can engage in markets with significantly less https://forexbroker-listing.com/ capital than required to possess the underlying asset. This aspect grants entry to otherwise unattainable markets due to financial constraints, facilitated by InstaForex’s support.
I waited for 8 days Monday to the next…
The forex market is traditionally the buying and selling of currencies. When trading forex instruments you are speculating in the price increase or decrease of one currency against another, e.g. InstaForex offer a large selection of 110+ FX currency pairs to trade. I would say they are one of the best forex brokers, along with Pepperstone. InstaForex offer free to clients the innovative Pattern Graphix plug-in for MT4 which displays the formation of graphical patterns on trading charts.
Latest News
This gives greater flexibility for the needs of each individual client. For instance, I prefer digital wallets as I find it to be the quickest way to get funds into my trading account which is important if I need to act quickly on some market news. On the other hand, those without a digital wallet may be happy to wait a few days for a bank transfer to clear whilst they experiment on a demo account.
InstaForex Platforms Summary
The browser-based platform is also very secure, utilizing the latest protection software to encrypt the data that is constantly shared by InstaForex users. InstaForex is a broker with more than 12 years of experience, giving traders the confidence that they trade in a safe and trustworthy environment. This global brand offers its customers forex and CFD trading, allowing them to resort to a number of trading instruments. In the world of forex, a scalping strategy is when traders make very quick trades with large volumes which gives them small, but safe profits each time. The fees and the minimum deposit are the same as on the ECN account, but you need to get the scalping account if you want to trade forex by scalping.
If you head to the official website of InstaForex, you will be able to instantly reach a support agent via the Live Chat feature. The broker’s representatives will be available around the clock to help you with any issue you might be experiencing. If the matter is not that urgent or you do not feel like chatting with an agent, you can also send your inquiries via an email at if you are based in Europe. For customers who reside in a non-European part of the world, the email address to use is To fit the preferences of every customer, the brand has made sure that there are various contact options that one can resort to.
- InstaForex, founded in 2007 in the British Virgin Islands, has grown to become a worldwide forex powerhouse, with a customer of over 7 million traders.
- No, to comply with anti-money laundering standards, the broker normally requires withdrawals to be made using the same payment method as the deposit.
- The regulations make sure InstaForex is obeying the rules and transparency.
- Furthermore, the company’s commitment to teaching is shown by its extensive training resources designed to empower inexperienced traders.
The most exciting part, Instaforex offers covering bonuses and low spread. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Rates, terms, products and services on third-party websites are subject to change without notice.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. There is a useful trading app that you can use to conveniently learn about trading and get an insight into the markets before trading. The educational app is available for download on both Android and iOS. We are always with our mobile phone nowadays so it is handy to have an app that you can use to educate yourself in your own time. The InstaForex website has a selection of training videos that cover most of the key aspects of trading.
As you head to the Forex section with trading instruments, you will come across over 100 currency pairs you can trade. The spreads are floating, with some exotic currency pairs having higher margins. Members of InstaForex can be pleased to know that the average spread can be reduced to just 0.8 pips. Of course, the spread and leverage will depend on the instaforex review type of Account you have decided to open as a member of InstaForex. A cent standard account is the best-suited account type for the new school traders who wants to learn and practice live trading with lower risks. Indeed, the cent standard account is fully commissioned free but bear in mind the little bit higher spreads co-related with the trading fees.
Leave a Reply