According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- From $1/$200
- MT4
- MobileTrading
- MT5
- WebTrader by InstaForex
- BVI FSC
- CySEC
- 2007
Our Evaluation of InstaForex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
InstaForex is a reliable broker with the TU Overall Score of 7.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by InstaForex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
InstaForex is the best option for traders with any level of experience. For active professional traders, there is a large pool of non-standard technological solutions for more accurate analysis. For novice traders, there are comfortable starting conditions, such as a $1 minimum deposit under the regulation of FSC and a $200 minimum deposit with the broker regulated by CySEC. There are PAMM accounts and social trading for investors.
Brief Look at InstaForex
InstaForex is a leading broker with over 7,000,000 clients. The company provides access to 2,500+ trading instruments, including Forex pairs, stocks, indices, commodities, and cryptocurrencies. Clients can benefit from competitive spreads starting from 0 pips, leverage up to 1:1000, and access to non-standard technological solutions like synthetic securities. The average execution speed is 0.1 sec.
The broker offers a wide range of cryptocurrency CFDs, with over 70 instruments available and zero spreads on major cryptocurrencies. Additionally, it supports passive investment options including PAMM accounts, copy trading services, and unique offering - OYS portfolios.
The company provides responsive client support and insurance coverage up to €20,000 under European regulation.
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- 2,500+ trading instruments, including non-standard assets, such as InstaFutures and synthetic securities.
- Passive investment products, including PAMM accounts and a copy trading service.
- Non-standard technological solutions such as InstaSpot (P2P spot trading), OYS account, Stock Basket, etc.
- European regulation and IFC compensation fund with guaranteed insurance coverage up to €20,000.
- Comfortable trading conditions, such as a $1 minimum deposit and leverage up to 1:1000, for clients of the FSC-regulated broker.
- Tough conditions for retail European traders due to regulations.
- The time gap between a trade executed by a trader and the one copied to the investor’s account in the social trading service can be up to 15 seconds.
TU Expert Advice
Author, Financial Expert at Traders Union
InstaForex provides a diverse range of services for traders, offering access to over 2,500 trading instruments, including Forex, stocks, indices, commodities, and cryptocurrencies. The broker supports popular MT4 and MT5 platforms, mobile trading, and a proprietary WebTrader. InstaForex provides several account types with varying minimum deposits depending on the regulatory authority. Additional features include competitive leverage up to 1:1000 with PAMM accounts and copy trading services.
The broker faces drawbacks such as limited asset selection, withdrawal fees, and a notable delay in copy trade execution. Regulations impose stricter conditions for European retail traders, such as leverage up to 1:30 without professional status. These aspects may not be suitable for traders seeking extensive asset diversity or fast order execution in social trading. Overall, InstaForex is more aligned with traders valuing diverse account and trading platform options, especially those interested in passive investment avenues.
- You want to start with a minimum investment amount. The company offers four user accounts, including a cent account, all of which require a minimum deposit of just $1 (or the equivalent in EUR based on the market rate).
- You are a professional trader looking for tight spreads. Standard InstaForex accounts typically have average or slightly higher-than-average spreads, usually in the range of 3 or more pips. However, professional accounts like Eureka offer spreads as low as 0 pips.
- You require a base currency other than the USD or EUR. Some traders find it more convenient to work with alternative currencies, such as the Australian dollar or Japanese yen, but InstaForex only supports USD and EUR.
- You intend to copy trades with swift execution. While the broker provides a copy trading service with a user-friendly interface and favorable terms, user feedback indicates that there can be up to a 15-second time delay between the provider's trade execution and the investor’s.
InstaForex Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4, МТ5, mobile trading, and WebTrader by InstaForex |
|---|---|
| 📊 Accounts: | FSC - Demo, Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. CySEC - ECN, ECN Pro, ECN VIP for МТ4 и МТ5. |
| 💰 Account currency: | FSC - USD, EUR, RUB. CySEC - EUR, USD, PLN, CZK, GBP (GBP -only for accounts on МТ5). |
| 💵 Deposit / Withdrawal: | FSC - cash deposits, bank cards, cryptocurrencies (BTC, LTC, ETH, and USDT), PayCo, and WebMoney. CySEC - Visa/Mastercard, Bank Transfer, Skrill, Neteller, Rapid, iDeal, Przelewy24 and BLIK, GiroPay, and Payoma. |
| 🚀 Minimum deposit: | FSC - $1. CySEC - €200 |
| ⚖️ Leverage: | FSC - up to 1:1000. CySEC: leverage is up to 1:30 for retail traders and up to 1:500 for professionals. |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | From 0.01 lot |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | FSC - currency pairs, stocks, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. CySEC - currency pairs, commodities, stocks, indices, cryptocurrencies, synthetic stocks and ETFs, and stocks at the moment of IPO. |
| 💹 Margin Call / Stop Out: | FSA - 30%/10%. CySEC - 100%/50% |
| 🏛 Liquidity provider: | Barclays, Citibank, HSBC, J.P. Morgan, Morgan Stanley, UBS, Nomura |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant Execution, Market Execution |
| ⭐ Trading features: | The ability to open segregated and Islamic (swap-free) accounts; Hedging currency risks; Cryptocurrency trading. |
| 🎁 Contests and bonuses: | available with the FSC-regulated broker. |
Trading conditions depend on the regulation of the broker:
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FSC. The conditions are more loyal here. With a $1 deposit you can open positions on almost any asset with leverage of up to 1:1000. This broker also offers PAMM accounts and a social trading service. This means that clients invest money in traders and their signals, traders in their turn are successful in trading and earn on fees as well.
Note how the lot volume is being calculated. In the FAQs, you can find information that the broker uses lots of 10,000 basic units instead of standard 100,000 units. This provides for a reduced pip’s value.
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CySEC. The conditions here are stricter due to regulators’ requirements. The minimum deposit is $200 and leverage is up to 1:30 without a confirmed professional trader status. There are managed diversified stock portfolios and synthetic stocks/ETFs instead of PAMM accounts and social trading.
Spreads are from 0 pips subject to the account type and the asset, regardless of the regulator.
InstaForex Key Parameters Evaluation
Video Review of InstaForex
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Trading Account Opening
To start working on the Forex exchange through the InstaForex broker and save on the spread with Traders Union help, you must follow these steps:
Register on the Traders Union site and follow the Affiliate link to the broker's website. Click the "Open Account" button on the main page.
To complete your registration, you will need to provide your name, phone number and email address. A confirmation number will be sent via your nominated method, either your phone number or email address. Enter confirmation number and verify this and the registration will be completed.
The following is available in the InstaForex Personal Account:
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Account replenishment and withdrawal of funds.
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The following is available on the Trading Account.
Also, there are many other useful features and functions:
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trading statistics using the ForexCopy social trading platform and analytics of open PAMM accounts;
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section for passing account and card verification;
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information about company news and current promotions;
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customer support - the ability to ask a question and post a claim.
Regulation and safety
InstaForex has a safety score of 9.3/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 18 years
- Strict requirements and extensive documentation to open an account
InstaForex Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 BVI FSC |
British Virgin Islands Financial Services Commission | British Virgin Islands | No specific fund | Tier-2 |
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
InstaForex Security Factors
| Foundation date | 2007 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker InstaForex have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of InstaForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, InstaForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
InstaForex Standard spreads
| InstaForex | Pepperstone | OANDA | |
| EUR/USD min, pips | 3 | 0,5 | 0,1 |
| EUR/USD max, pips | 7 | 1,5 | 0,5 |
| GPB/USD min, pips | 3 | 0,4 | 0,1 |
| GPB/USD max, pips | 7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
InstaForex RAW/ECN spreads
| InstaForex | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with InstaForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
InstaForex Non-Trading Fees
| InstaForex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0,5-2 | 0 | 0 |
| Withdrawal fee, USD | 20-100 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
InstaForex offers several options for opening an account:
By opening a free demo account the trader will be able to test the trading conditions and terminal features before deciding on which option they wish to choose. The broker also offers profitable bonus programs (FSC).
InstaForex offers the best working conditions for both a novice trader and a professional. The implementation of any strategy type is comfortable and most profitable.
Deposit and withdrawal
InstaForex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
InstaForex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- USDT (Tether) supported
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Withdrawal fee applies
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are InstaForex deposit and withdrawal options?
InstaForex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
InstaForex Deposit and Withdrawal Methods vs Competitors
| InstaForex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are InstaForex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. InstaForex supports the following base account currencies:
What are InstaForex's minimum deposit and withdrawal amounts?
The minimum deposit on InstaForex is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact InstaForex’s support team.
Markets and tradable assets
InstaForex offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 110 Forex pairs.
- 110 supported currency pairs
- Indices trading
- Crypto trading
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by InstaForex with its competitors, making it easier for you to find the perfect fit.
| InstaForex | Plus500 | Pepperstone | |
| Currency pairs | 110 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products InstaForex offers for beginner traders and investors who prefer not to engage in active trading.
| InstaForex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
InstaForex received a score of 9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Proprietary platform with unique features
- MetaTrader is available
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- No TradingView integration
- Strategy (EA) Builder is not available
- No access to cTrader and its advanced tools.
Supported trading platforms
InstaForex supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared InstaForex’s platform availability with that of top competitors to assess its relative market position.
| InstaForex | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | Yes | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | Yes | Yes | Yes |
Key InstaForex’s trading platform features
We also evaluated whether InstaForex offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 68 |
| Tradable assets | 300 |
Additional trading tools
InstaForex offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
InstaForex trading tools vs competitors
| InstaForex | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | Yes | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | Yes | No | Yes |
Mobile apps
InstaForex supports mobile trading, offering dedicated apps for both iOS and Android. InstaForex received 5.9/10 in this section, which suggests limited user interest or weak performance of the apps.
- Strong Android user ratings, currently at 4.3/5
- Mobile 2FA not supported
- Indicators not supported
We compared InstaForex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| InstaForex | Plus500 | Pepperstone | |
| Total downloads | 1,000,000 | 10,000,000 | 100,000 |
| App Store score | 3.8 | 4.7 | 4.0 |
| Google Play score | 4.3 | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Education
Information
Educational materials can be found on the broker’s website in two sections. The “Novice Traders” section is designed for traders, who are just starting to grasp an understanding of the financial markets. The “Analytics” section provides additional materials for more experienced traders.
The broker's website contains analytical tools that for all traders from beginner to professional level.
The trader can access all information on the site from both the demo and trading accounts.
Customer support
Information
InstaForex Broker Customer support staff are available 24 hours / 7 days per week. There is an option to use their Live chat function which is also available 24 hours / 7 days per week. .
The Financial Department Operations Department is available Monday to Friday during business hours (from 8 am. to 5 pm).
Advantages
- Online chat and phone support 24 hours / 7 days per week
- Support is provided in over 25 languages
Disadvantages
- Finance Department is only available during business hours and does not operate on weekends
There are several ways to contact Customer support:
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request a call back;
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via email;
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online chat via social networks;
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via feedback form.
Support is available on the broker's official website and in a personal account.
Contacts
| Foundation date | 2007 |
|---|---|
| Registration address |
4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands Spetson 23A, Leda Court, Block B, B203, 4000, Mesa Geitonia, Limassol, Cyprus |
| Regulation | BVI FSC, CySEC |
| Official site | https://www.instaforex.com/, https://www.instaforex.eu/ |
| Contacts |
Comparison of InstaForex with other Brokers
| InstaForex | Eightcap | XM Group | RoboForex | IC Markets | 4XC | |
| Trading platform |
MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, cTrader, MT5, TradingView | MT5, MT4, WebTrader |
| Min deposit | $1 | $100 | $5 | $10 | $200 | $50 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | Yes | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
30% / 10% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 100% / 50% |
| Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | Yes | No | No | Yes | No | No |
Detailed Review of InstaForex
InstaForex is one of the leading companies providing services in the Forex market. The toolkit of its financial instruments is not limited to currency pairs. Clients can work with precious metals, cryptocurrency, and stock market assets. InstaForex offers the highest level of service, working closely with the major software developers - Reuters, eSigna and MetaQuotes Software. The broker was one of the first to offer traders the ability to trade on the cryptocurrencies market.
InstaForex has achieved the following results:
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more than 7,000,000 traders are clients of the company;
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more than 10,000,000 US dollars have been invested in the company's PAMM accounts;
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more than 250 representative offices are open around the world;
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more than 16 years on the market.
InstaForex is the best broker for active and passive investment
InstaForex isa broker that combines the reliability, adaptability and an optimal set of features for traders. The company offers several types of accounts: Cent.Standard and Cent.Eurica — for novice traders, Insta.Standard и Insta.Eurica — for professionals who can work without restrictions. There are ECN, ECN Pro, and VIP accounts available for MT4 and MT5 for traders working with the CySEC-regulated broker. The accounts differ in fees and spreads. InstaForex customers have 24/7 access to ECN trading due to their high internal liquidity and reliable company’s counterparties. Today InstaForex is one of the most popular brands in the world offering ECN trading services.
Traders registered at the broker have an open access to the work of on the most most popular platforms — MetaTrader 4 and MetaTrader 5. For the benefit of the customers who are always on the move, the company developed a secure web service and InstaForex mobile application. Owners of smartphones with Android and iOS operational systems have an open parallel access to work with multiple accounts.
Useful InstaForex Services:
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Map of trading sessions and stock exchanges working hours.
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Economic and trading calendars.
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Analytical forecasts for certain assets.
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Forex charts. The service contains information on world currencies, as well as charts and quotes in real time.
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Pattern Graphix. Indicator of graphical figures for the MetaTrader 4 trading terminal, it allows customers access the latest update on the occurrence of certain figures on the trading chart.
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Superior Forex Desk. Plugin for MetaTrader 4, it significantly simplifies the work with open orders, which positively affects the speed and efficiency of trading.
Advantages:
An inclusive approach to investment products. The FSC-regulated broker has PAMM accounts and social trading, the CySEC-regulated broker offers investing in stock baskets and diversified portfolios of InstaForex managers.
Р2Р trading at fixed rates.
Free-swap trading synthetic stock assets (CySEC).
2,500+ trading assets including ETFs and cryptocurrencies.
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