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InstaForex Broker Review 2019

FairBinaryOptions Broker Certificate
  • Min. Deposit $1
  • Max. Payout 85%
  • Min. Investment $1
  • Trade FX/CFDs
  • Max Leverage 1:1000
  • Spread EUR/USD 3 - 7 pips

InstaForex is an online trading company from Russia present around the globe. They claim to have 3 000 000 traders that use their trading platform which is MetaTrader based. This CFDs trading broker is not regulated in EU, but they have been registered with Central Bank of Russia which require all companies of this type to be registered with them. One of main pros of this broker is the amount of competitions and bonuses one can get, while the downside is they don’t seem to have a platform for Apple Mac OS. You may also know them by many of their sponsorships, the most notable is the partnership with the Liverpool FC.

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  1. InstaForex Account Features

    InstaForex Demo Account

    InstaForex offer a demo account which uses the MetaTrader Platform. The signup is the fastest in the industry. Just enter your name and email and you will immediately get login info for the MT4/5 platform or the web/instatrader. If you close the browser window, no worry, the information has been sent to your email. When signing up you can choose the amount for the demo account. We chose 5000 EUR virtual money.

    InstaForex Account Types

    InstaForex offers Standard accounts and Eurica Accounts. The differences are mostly in the fees structure. The standard account types do not include fees. Naturally, as always there is a spread. When we tested the Demo account the spread on the EURUSD was 3 pips, which is a bit too high in our opinion. These are fixed spreads.

    InstaForex Eurica Accounts do not include spreads, which is something not often seen in the CFDs and Forex trading workd, however, they do carry a commission which can be equivalent of 3 pips (0.03% per trade)

    InstaForex Cent Accounts are type of both Standard and Eurica accounts, and were created for the beginners.  Here a lot price is 0.01 cents and trading terms are generally adjusted for trading in cent range which means least possible risk because trading volume is low in money terms. Still, since there is skin in the game, the factors that may affect demo trading are not present here.

    InstaForex Insta.Standard Account

    • EUR / USD
    • From $1 deposit
    • Spreads from 3 pips
    • Max 1:1000 leverage
    • 25% locks margin
    • 5% annual interest rate

    InstaForex Cent.Standard Account

    • USc, EURc
    • Min 1 USD deposit
    • Max $1000 deposit
    • 3-7 pips spreads
    • min 0.0001 lot trade

    InstaForex Insta.Eurica Account

    • min 1USD deposit
    • 0 spreads
    • 03% – 0.07% fee

    InstaForex Cent.Eurica Account

    • Min 1USD deposit
    • 0 spreads
    • from 0.03% – 0.07% fee

    So, wheres the difference? Well, to be honest, it does not seem to be any in our opinion. Minimum deposit is the same, spreads/fees are the same, just differently calculated. In our opinion Eurica looks like some kind of ECN account, but we don’t see any proof of this, so we take it it’s a matter of perspective. Obviously, one difference is a max deposit cap on Cent accounts.

    InstaForex Islamic Account

    For traders who want the account to reflect their Islam religious beliefs when it comes Instaforex offers accounts that will not close the trade at night but at the same time no swaps are calculated, meaning no interest is overnight charged or credited to the account.

    InstaForex Bonus

    InstaForex offers several kinds of bonuses. This is not something that is encountered very often with brokers these days. There is a first redeposit bonus that can reach 250% or the 55% bonus for each new deposit. Then there is a similar 30% deposit bonus and the chance to get additional $1000 to $10000 in your account from an annual prize pool of $50.000. Profit can be withdrawn with any kind of the bonus, smaller bonuses don’t require verification documents. Since terms and conditions apply, please check InstaForex website for details about the bonus policy.

    InstaForex No Deposit Bonus

    This is a special offer by InstaForex where CFDs traders can get up to $1000 no deposit bonus just for signing up. If you are interested in this promotion, contact InstaForex support and request the bonus.

  2. InstaForex Trading Software

    With InstaForex, traders can use Metatrade4 and Metatrader5 platforms. They can also use the webtrader so they don’t have to download software to their computers and they can also trade options by using IFX option trade which is downloadable software, but very easy to use.

    Instaforex Web Trader

    is extremely user friendly and it is very easy to navigate. Traders often get a bit stuck with webtraders, such as Sirix since the goal there was to imitate the power of Metatrader in a different format. Instaforex web trader is a different story with only the essentials one needs for trading. This does not mean the analysis tools are bad or basic. One can select plethora of chart tools form a simple technical analysis dropdown.

    On the side of the chart are more tools, while on the bottom are open trades, closed trades, history and log tabs. The top shows the balance, equity, free margin and the margin level.

    InstaForex Binary Options

    As mentioned, InstaForex offers the option trading platform. The logic with options is that traders invest a certain amount betting if the price of the underlying asset will rise or fall in certain period. If the prediction is correct after expiration, trader can earn fixed payout, usually around 85% of the size of the trade, while if the trader was wrong, she loses the invested amount. This is your basic binary option just on a CFDs trading broker.

    InstaForex Copy Trading – ForexCopy

    This is the well-known mirror trading option that many brokers are offering meanwhile. So if you are not yet good in trading Forex and CFDs on other instruments, you can find others you think are better than you and copy their trades.

    InstaForex Bitcoin

    With instaforex traders can trade bitcoins, but they can also deposit in bitcoins. There are not many brokers that offer this at the moment. For this, InstaForex has a special bitcoin account.

    InstaForex Underlying Assets

    In total there are 107 currency pairs, 88 CFDs based on US stocks, but also CFDs on futures and indices. They also include binary options as mentioned above.

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  3. InstaForex Support Information

    InstaForex Support is amazing in so many ways. First important measure of service is its availability. With InstaForex, support is available 24/7 which is much better than the rest of the industry, where 24/5 seems to be the norm since this is also the opening time of most markets.

    Another part of the availability is the contact method – with Instaforex, support is never far away since they can be contacted, not only through the live chat or email, but also via

    • Viber
    • Whatsapp
    • Skype

    And even

    • ICQ
    • AOL Messenger
    • Yahoo Messenger
    • Telegram

    Naturally there is also a way to contact them via phone, toll free in many countries. Take a look at their website if you prefer this kind of communication.

    Most of the time you will not be needing the support team since extensive FAQs exist about every topic you can think of.

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  4. InstaForex Payment Methods

    InstaForex Minimum Deposit

    InstaForex minimum deposit is only 1USD and we are sure this will be attractive to many customers since sometimes the industry standard of $100 – $250 can be too much for some traders who are still unsure of their skill.

    InstaForex Deposit and Withdrawal

    Deposit can be done with following payment methods

    • Bank Card
    • Bank wire
    • MegaTransfer
    • PayCo
    • Skrill
    • Benecard
    • Neteller
    • Union pay chi
    • Wechat
    • Alipay
    • Boleto
    • Bpaymm
    • Carta bleue
    • CartaSi
    • Eoayments standard
    • Giropay
    • Ideal
    • Maestro
    • Nordea solo
    • Poli payments
    • Postepay
    • Przelewi24
    • Sofort
    • Trustrly
    • paxum

    Withdrawals are also processed with most of the payment methods, depending on your location. Sometimes some payment method will not be offered for certain countries since its not supported. It takes about 24h to process the withdrawal. For detailed info on fees see InstaForex Website. The minimum withdrawal is $1, but some payment methods might have higher limits ($300 with bank wire).

    Instaforex BeneCard

    Instaforex also offers a kind of a wallet. So imagine you deposit with them. If you get their wallet enabled, you can send money from your account to other Instaforex accounts as if you were using Skrill or Neteller. Similarly, you can also order a InstaForex BeneCard, which is a debit MasterCard which can be used to buy stuff or even get money from the ATM.

    InstaForex License

    As we already mentioned, this broker does not have an EU country licence. This is one of the reasons they are able to offer so much more to their clients than other brokers, however, some customers prefer to have a licensed broker. In our tests Instaforex performed exceptionally and we are sure that recent registration with Central Bank of Russia will strengthen the oversight so future issues are not expected.

  5. Your capital is at risk
InstaDirect Ltd
InstaForex is regulated by FSP New ZealandInstaForex
is regulated by
FSP New Zealand
Reg no.: 320906

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