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InstaForex Broker Review

FX Scouts By Jeffrey Cammack Updated: September 12, 2019
Average Score
2 / 5
Min. Deposit USD 5
Max. Leverage 1000:1
Min. Spread 0.0 pips
Regulators CySEC,B.V.I FSC
Regulator Origin CySEC B.V.I FSC
Broker Type ECN

Summary

InstaForex is a forex broker with its headquarters in Russia. It was founded in 2007.  It is an ECN broker and it has received several awards for its exemplary forex services. The awards that it has received include the Best Broker in Asia award and The Best Retail Broker Award.  InstaForex is ideal for all types of traders and including scalpers.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses 55% Deposit Bonus
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum Deposit USD 5
Base currencies USD, EUR, GBP, AUD
Number of FX Pairs 110
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

EUR / USD 0
GBP / USD 0
USD / JPY 0

Company Details

Company name InstaForex Group
Founded 2007
Website Visit Website
Type ECN
Regulators CySEC,B.V.I FSC
Office locations Bangladesh,Ghana,Guatemala,Hong Kong,India,Indonesia,Kazakhstan,Malaysia,Moldovia,Nigeria,Pakistan,Peru,Tunisia,Ukraine

Deposit & Withdrawal Methods

Supported Platforms for InstaForex

InstaForex Broker Detailed Review

Is InstaForex Safe?

InstaForex operates globally and it is licensed to operate in each of the countries where it operates.  Among the many commissions that have licensed it, is the Securities Commission Malaysia so that it can have the permission to offer its forex trading services to the Malaysian people.

Account Types

InstaForex offers both real and demo accounts. However, there are several types of real accounts from which a trader can choose from.

These real account types include cent.Standard, cent.Eurica, insta.Standard and insta.Eurica.

  • The cent.Standard and the cent.Eurica accounts were recently created for the purposes of traders who have smaller amounts to deposit and also those who wish to test their trading strategies with minimum risk levels.  These account types have lots of up to 0.0001 lot. Both the cent.Standard and the cent.Eurica account have the same trading terms as the insta.Standard and insta.Eurica accounts respectively.
  • The insta.Standard account and the insta.Eurica accounts are further subdivided into subtypes of micro account, mini account and standard account. The main difference between the micro, mini and standard sub-types is their minimum allowed deposits.
  • The insta.Standard accounts have classical spreads while the insta.Eurica accounts have zero spreads (NO spreads).

Bonuses

InstaForex offers a variety of bonuses to its retail traders. These bonuses include: 55% volume bonus, 30% welcome bonus, LFC Partnership bonus on first-time deposit and club bonus for traders with an InstaForex club card (1% for deposits of 500 USD up to 10% for deposits of 15,000 USD)

Trading Platforms

InstaForex trading platforms are the MT4, MT5, ForexCopy System and an online option for mobile traders.  The ForexCopy system allows forex traders to copy trades from their fellow forex traders who are very successful in forex trading.

Deposit & Withdrawal

InstaForex allows its retail forex brokers to use a variety of money transaction methods in depositing and withdrawing money from their InstaForex accounts. The allowed methods of money transaction include the InstaForex debit card, credit cards, bank wire, Skrill, MoneyBookers, and Neteller.

Most retail CFD accounts lose money. Your capital is at risk.

Compare Brokers

Overall Rating 2/5 3/5 2/5
Minimum Deposit USD 5 USD 100 USD 1
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
DFSA DFSA
VNU VNU
Broker Type ECN Market Maker Market Maker
Read Full Review Read Full Review
Trading Conditions 2 / 5 4 / 5 2 / 5
Trading Platforms 3 / 5 3 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 3 / 5
% Lose with this broker 62.8% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage 1000:1 200:1 1000:1
Spread 0.0 pips 0.2 pips 2.0 pips
Hedging
Scalping
Account Types
  • Mini
  • Standard
  • Professional,Mini
Trading Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader, IKOFX
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney Bank Transfer, Visa, Mastercard
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InstaForex

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HYCM

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IKOFX

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Overall Rating 4 / 5 3 / 5 1 / 5
Min. Deposit USD 5 USD 100 USD 1
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
DFSA DFSA
VNU VNU
Broker Type ECN Market Maker Market Maker
Read Full Review Read Full Review Read Full Review
Trading Conditions 2 / 5 4 / 5 2 / 5
Trading Platforms 3 / 5 3 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 3 / 5
Risk Disclaimer 62.8% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage 1000:1 200:1 1000:1
Spread 0.0 pips 0.2 pips 2.0 pips
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes Yes
Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader, IKOFX
Funding Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney Bank Transfer, Visa, Mastercard

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.