InstaForex Broker Review

Author By Jeffrey Cammack Author Information Updated: November 7, 2020
Overall Rating
3.32 3.32 / 5
Rated #49 of 49 Recommended Brokers
Min. Deposit
USD 150
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 30
Website Language
Arabic, English, Indonesian, Polish, Portuguese, Chinese, Malay, Vietnamese, Thai
Support Language
English, Arabic, Portuguese, Chinese, Indonesian, Malay
AlertAccepts Malaysian Clients. Average spread EUR/USD 3.00 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands).

Summary

InstaForex is an award-winning and well-regulated broker offering a wide variety of account types with good trading conditions and a copy-trading service. With three market execution accounts, one of which is specifically built for scalping, and two instant execution accounts with no minimum deposit (both of which are available as Islamic accounts), InstaForex will appeal to a wide range of traders.

The market analysis and education sections feature regularly updated content for traders of all experience levels and MT4 is fully supported via download and webtrader.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
110002/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111003/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses
55% Deposit Bonus

Account Information

Base Currencies
Number of FX Pairs
110
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0 pips
Commission
Fees Included in Spread
EUR/USD
0
GBP/USD
0
USD/JPY
0
Max. Leverage
1000:1

Company Details

Company Name
InstaForex Group
Founded
2007
Office Locations
Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine

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.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Cent.Eurica
USD 5
1000:1
0
0.03%-0.07%
Account Details
Cent.Standard
USD 5
1000:1
3
None
Account Details
Insta.Eurica
USD 5
1000:1
0
0.03%-0.07%
Account Details
Insta.Standard
USD 5
1000:1
3
None
Account Details
Islamic
USD 5
1000:1
0
None
Account Details

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).

instaforex-account-types-202010

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.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the InstaForex product offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

AlertAccepts Malaysian Clients. Average spread EUR/USD 3.00 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 platform supported. Instaforex is regulated by CySEC and FSC (British Virgin Islands).
  • Suhaimi Bin Ahmad says:

    Can U show your license issued by Bank Negara Malaysia

    • Chris Cammack says:

      Hi Suhaimi, as far as I am aware – InstaForex is not licensed by BNM and is currently only regulated in the British Virgin Islands.

  • Scroll for more detailsPreviousNext
    Overall Rating
    Min. Deposit
    Regulation
    Trading Desk Type
    Trading Instruments
    Forex Pairs
    Crypto Pairs
    Pros
    Cons
    Regulation
    Trading Conditions
    Trading Platforms
    Deposit & Withdrawal
    Education & Research
    Assets Available
    Customer Service
    % Lose with this broker
    Leverage
    Spread
    Hedging
    Scalping
    Account Types
    Islamic Account
    Trading Platforms
    Funding Methods
    Trading Commission
    1110.503.32/ 5
    USD 150
    ECN/DMA
    Commodities, Forex, Equities
    110
    2
    • Wide range of assets
    • Copy trading accounts
    • Limited market analysis
    • Limited education
    • Wide spreads
    1110.503.5/ 5
    110002/ 5
    111104/ 5
    111104/ 5
    111003/ 5
    1110.503.5/ 5
    111104/ 5
    71.71% of retail investor accounts lose money when trading CFDs with this provider
    1000:1
    0 pips
    Yes
    Yes
    Cent.Eurica, Cent.Standard, Insta.Eurica, Insta.Standard
    Yes
    MT4
    Bank Transfer, Mastercard, Bitcoin, Broker to Broker
    Fees Included in Spread
    1110.503.48/ 5
    USD 500
    ECN/DMA
    Commodities, Forex, Equities
    63
    4
    • Tight spreads
    • High minimum deposit
    • Limited education
    • Limited market analysis
    • Expensive withdrawals
    1110.503.5/ 5
    1110.503.5/ 5
    111104/ 5
    111003/ 5
    111003/ 5
    111104/ 5
    111003/ 5
    73.6% of retail investor accounts lose money when trading CFDs with this provider
    300:1
    0 pips
    Yes
    Yes
    Advanced Mark-Up, Advanced RAW, Basic, Institutional
    Yes
    MT4, Sirix
    Bank Transfer, Mastercard, Skrill, Neteller
    Fees Included in Spread
    1110.503.77/ 5
    USD 1
    STP, ECN/DMA
    Commodities, Cryptocurrencies, Forex, Equities
    37
    0
    • Tight spreads
    • Low minimum deposit
    • Excellent education
    • Excellent market analysis
    • Limited range of assets
    • Extreme leverage
    1110.503.5/ 5
    111104/ 5
    11110.54.5/ 5
    110002/ 5
    11110.54.5/ 5
    111104/ 5
    1110.503.5/ 5
    76% of retail investor accounts lose money when trading CFDs with this provider
    3000:1
    0 pips
    Yes
    Yes
    Cent, ECN, Micro, Standard
    Yes
    MT4, MT5
    Neteller, Mastercard, PerfectMoney, Bitcoin
    6 USD / lot - ECN Account
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