Instaforex Review

instaforex

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Who are Instaforex?

InstaForex was established in 2007 and since they have started to operate they have been able to acquire more than 7 millions individual and corporate clients. Their business model is to provide a full range of services to their customers from the registration to the withdrawal process. In our review we will take a look if they have been able to deliver on promises.

How good are Instaforex Trading Platform?

Instaforex do rely on the popular platform MetaTrader 4 which is surely one of the best out there. In addition to be able to trade on forex you can also get quotations on the major currency pairs and also on global stock indexes. As a client you will be able also to receive news updates and reviews that can be utilised for making technical analysis. Thanks to the demo account you can familiarise with all the functionalities without risking any money.

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How is Instaforex trading platform design?

Another top advantage of this broker is their interface. Surely a lot of thinking and investments have gone into the design as the layout is really good and compared with other brands they are surely at the top. As soon as you open the platform you can identify almost immediately where you need to click in order to find what you are looking for. This is a fantastic advantage for a trader as you won’t miss any opportunities that will come your way in this case. The navigation is also very intuitive and easy to learn so we can give a very good feedback to their design overall.

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What is the Minimum Deposit with Instaforex?

This is surely one of the biggest pros of Instaforex in comparison with other online brokers. You can open a new account by just depositing as little as £1. Similarly to other brokers you can have different types of accounts: the idea is to offer different services depending on the experience and trading styles of clients. The accounts are called Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica. Either way regardless how much you have deposited into your account you will still get free access to the different features so this is also another interesting added value offered by Instaforex.

How many are Instaforex Tradable Assets?

With this broker you can have lots of assets at your disposal. They do have more than 300 and in addition to have a very diverse range of currency pairs you can also trade other assets like Bitcoins.

What are Instaforex’s spreads and fees?

It is very easy to see that Instaforex spreads are really competitive and any clients, regardless of their account, will have convenient trading conditions. For example on the EUR/USD currency pair the spread is from 0 to 3 pips for the Insta.Standard and Cent.Standard accounts while you can get even a spread of 0 pips in the Insta.Eurica and in the Cent.Eurica.

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What are Instaforex Deposit and Withdrawal Methods?

Instaforex have lots of options to make deposits or withdrawals as they allow all the major credit and debit cards but also all the most common e-wallets in addition to Bank transfers and even Bitcoin. Looking at all the other brokers we can confidently say that Instaforex is the one with more options which is great news.

How is Instaforex Customer Service?

Their customer service is available almost anytime and can be contacted in many different ways from toll-free numbers, e-mail, live chat and even Twitter and other popular free messaging services like Telegram, Whatsapp, Viber, Skype and so on. We have also evaluated the quality, preparation and professionalism of their agents and we can say for sure that they score really high.

What is Instaforex reputation?

InstaForex is currently regulated by a number of international authorities and this give you the security you need when choosing a broker. They are approved by the Cyprus Securities and Exchange Commission (CySEC), the New Zealand Financial Service Provider and the British Virgin Islands Financial Services Commission. We have also taken a look at the comments of customers and the vast majority were positive and when there were some negative feedback those were dealt appropriately by InstaForex and were isolated issues.

Conclusion

Surely InstaForex score very high in lots of important criteria. As a broker they are able to provide a range of options to all type of traders. They have invested a lot in technology and are reputable and reliable with fast withdrawal. Their customer service is up with the best in the industry and the extremely minimum deposit set them apart from the competition. Overall we can say that they have everything needed to be up there with the best in the industry.

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Your capital is at risk

Instaforex Key Information

  • Founded – 2007
  • Minimum account size – £1
  • Tradable assets – 300+
  • Maximum margin – 1:1000
  • Demo Account – Yes
  • Regulated – CYSEC (Cyprus), FSP NZ (New Zealand), BVI FSC (British Virgin Islands)

Your capital is at risk

PROS

tickLow minimum deposit requirement

tickUp to 1:1000 leverage

tickInformative resources such as InstaForex TV

tickWide variety of ways to contact support

CONS

ConsMinimal trade is a little higher for Cent.Standard and Cent.Eurica accounts.

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ConsNot FCA regulated

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