InstaForex Review 2024
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
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 7.94 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 has been in the international financial market since 2007. Over the years of its operation, the company has attracted more than 7,000,000 traders from over 140 countries. The broker has 2,500+ trading instruments, including cryptocurrencies, synthetic indices, etc. The company strives to develop its competitive advantages by offering traders and investors new technological solutions and analytical tools every day.
The InstaForex group of companies comprises:
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Instant Trading Ltd., regulated by BVI FSC (British Virgin Islands, SIBA/L/14/1082).
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Instant Trading EU Ltd., regulated by CySEC (Cyprus, 266/15).
InstaForex is also regulated by BaFin (Germany), AFM (Netherlands), MFSA (Malta), and regulators of Greece, UK, Czech Republic, etc.
- 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
Financial expert and analyst at Traders Union
The InstaForex Team is professional and reliable. I highly recommend this service. They offer optimal trading conditions that are suitable for both novice and professional traders. Clients can work with various types of accounts, use a minimum order of 0.01 lots and more than over 2,500 Forex trading instruments.
InstaForex has been working with the Traders Union for many years. We analyzed thousands of customer reviews which were overall positive. Many customers were particularly impressed with their excellent customer service. One such customer said “Its experts are doing everything to solve the financial and technical problems encountered by users as soon as possible”.
The user-friendly interface of the website allows you to quickly find and analyze relevant information on both active and passive trading. InstaForex always cares about its customers - it provides favorable conditions for trading, as well as Customer support in an expeditious manner. It is these features that gives it a high rating of reliable Forex brokers of the Traders Union.
- 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 Summary
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). |
| 💵 Replenishment / 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/€1 |
| ⚖️ 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 |
| 💱 Spread: | FSC - from 0-0.3 pips subject to the account type. CySEC - from 0 pips subject to the asset type. |
| 🔧 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 |
| 📋 Orders 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
Share your experience
- Best
- Last
- Oldest
Faisal Ejaz 
Verified
PK Islamabad 
The functionality is understandable.
I didn't notice any significant shortcomings.
Darja
Verified
PL Warsaw
Communication
There is not
Dany
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DE Weil am Rhein
All is great
No one
Albert
Verified
PL Krakow
+
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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
Information
The InstaForex group of companies is licensed by:
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Instant Trading Ltd by FSC (British Virgin Islands).
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Instant Trading EU Ltd by CySEC (Cyprus). The broker is a member of the ICF compensation fund with insurance coverage of up to €20,000 per each trader.
CySEC is one the most reputable European regulators, strictly adhering to the rules for conducting financial activities stated in the MiFID Directive.
FSC is an international regulator operating in accordance with the Law on Securities and Investment Business. The regulator strictly controls the activities of licensees and the execution of the tasks by brokers. Possession of a license from the FSC guarantees InstaForex customers information transparency and protection of their interests.
Advantages
- Segregated accounts are maintained in accordance with the requirements of the regulator
- The customer is protected from negative balance
- Disputes are resolved by an independent arbitrator
Disadvantages
- The regulator does not consider the claims of private traders with minor amounts
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Insta.Standard (FSC) | From 3-7 USD | yes |
| Insta.Eurica (FSC) | From 0 USD | yes |
| Cent.Standard (FSC) | From 3-7 USD | yes |
| Cent.Eurica (FSC) | From 0 USD | yes |
| ECN.MT4 (CySEC) | From 10 USD | Yes |
| ECN VIP.MT4 (CySEC) | From 3 USD | No |
| ECN Pro.MT4 (CySEC) | From 7 USD | Yes |
| All ECN-accounts MT5 (CySEC) | From 0 USD | No |
Additional fees vary, and depend on the account type, trading platform, assets type, and deposit. For example, there is no fee on the Standard account (FSC), and it is 0.03-0.07% on the Eurica account (FSC). Fees on ECN accounts (CySEC) depend on the asset. Also, spreads on standard accounts (Standard/ECN.MT4) for the EUR/USD pair were compared with those of the broker’s competitors.
| Broker | Average commission | Level |
|---|---|---|
|
$4 | |
|
$1 | |
|
$8.5 |
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
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Account currency: FSC - USD, EUR, and RUB. CySEC - EUR, USD, PLN, GBP, and CZK
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Deposits/withdrawals: 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.
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There is no deposit fee. Withdrawal fees are the following: FSC - 0.5-2% on average subject to the payment system. CySEC: a zero-fee withdrawal is available not more than once a month. All withdrawal fees are available in a pdf file on the website.
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Deposits take up to 3 hours with most electronic payment methods.
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Withdrawal period: requests are processed within 1 day. Withdrawals to e-wallets take up to 8 hours, to crypto wallets - up to 7 hours, and bank transfers take up to 6 business days.
Investment Options
(The offer is available for traders working with the FSC-regulated broker). InstaForex is the perfect broker for those who want to combine active trading with a passive investment. The best conditions and the proposed trading platforms can increase the profitability of passive investment and minimize the financial risks of the trader. The most popular services for extra income are the ForexCopy trades copying system, PAMM accounts and an affiliate program with favorable conditions.
ForexCopy — Copy Trading service
ForexCopy is a company service that allows you to copy the trading of successful traders, even when there is no trading terminal at hand. All active traders are added to public monitoring, which helps the investor choose a successful signal provider. After connecting to a trader, trades are copied automatically. There are several payment options for subscription services for copy trading - a per trade fee, a daily subscription fee, or a fee for a percentage of the profits. In the latter case, the subscriber pays a minimal a percentage of the profits, if any.
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there are no restrictions on copy trading. Users can customise their trades to copy their preferred traders on their trading account;
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the investor has full control of their own copying settings and can manually cancel any trades;
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some traders offer free trading for the ForexCopy subscriber . In this case, the services of the trader are paid by InstaForex;
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the minimum deposit to start copying is $10.
Every member of the ForexCopy system can simultaneously copy other people's trading and provide the paid subscription services for copying his own trades. After registration in the system, the investor can individually set up subscriptions for each trader separately. The trader can select individual currency pairs and a convenient scale at which orders on his account will be opened.
In order to become a signal provider, you need to open a trading account with InstaForex and begin active trading. You will then need to register in the ForexCopy system as a trader and set up the conditions under which investors will copy trading. To attract more subscribers, you need to take a high position in the overall ranking. Your ranking is based on profitability.
PAMM accounts - InstaForex Investment Platform
(The offer is available for traders working with the FSC-regulated broker). InstaForex PAMM-system allows you to earn passive income by investing money in PAMM-accounts with different profitability levels. Each trader who has registered his trading account in the broker's PAMM system can become an investor or manager.
PAMM system features:
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the minimum investment is $1;
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the investor receives all the contact details about his Manager, and can also view the status of his trading account;
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risk diversification - due to the ability to invest in different accounts, as well as invest small amounts.
The PAMM system from InstaForex allows its participants to control all ongoing operations, as well as automatically monitor the amount of profit received.
OYS investment
The On Your Side solution is available in two options:
OYS accounts (FSC). These are investment accounts for investing in the S&P 500 stock index. The fee is $25 of the profit without any hidden fees. If you earn no profit, you don’t pay fees. Additional conditions are: leverage is up to 1:5, the minimum investment is $1,000, and early position closing is available without any fees or penalties.
OYS portfolios (CySEC). This is a service for diversification of clients’ investments. It represents different portfolio groups managed by InstaForex experts where it is possible to invest according to the copy trading model. Portfolio structure includes stock indices, cryptocurrency, and top stocks of UK, Germany, etc. Additional conditions are: the minimum investment is $2,000 and withdrawal is possible at any time without fees or penalties.
These options are available for both retail and professional traders.
Synthetic stock assets
(The offer is available for traders working with the CySEC-regulated broker). It implies trading synthetic stocks and ETF derivatives with a basic asset. The advantages include: no swaps, instant execution, over 700 stock assets, and a 0% fee on ETFs.
Stock Basket investment
(The offer is available for traders working with the CySEC-regulated broker). This product implies managing one position opened in the basket instead of managing several positions opened for separate stocks. There are no management fees.
Important. Each trader or investor can use the MetaQuotes copy trading service additionally to InstaForex own investment options. To do this, register on the MQL5 website, make a deposit to pay subscription for signals (relevant for investors), and link your account to the MT4/MT5 user account. Traders’ Rating is available on trading platforms in the Signals tab.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Instaforex affiliate programs:
Partnership programs and conditions depend on the regulation of the broker you are working with.
1. FSC.
The FSC-regulated broker offers three partnership programs with an opportunity to earn up to $15-$20 per each lot or up to $2,000 from a deposit:
Introducing Broker. This is a two-level partnership program with a partner’s profitability of up to 67% of InstaForex profit. Partners can earn as much as $53 per lot, which is the highest commission that can be earned on Forex, and from $2 of market trade lots for traders of the partners’ clients..
CPA. Bonuses are paid for the first deposit of each referral. This program is designed for targetologists, SEO specialists, bloggers, and web experts, that is, those who do not deal with referrals directly. The bonus is up to $2,000 for each referral.
CPL. This is a program for partnership networks, media agencies, and arbitrary networks. It implies a fee for contact details of interested users.
The broker provides the maximum technical and information support on its part.
2. CySEC.
The broker offers three partnership programs:
CPA (Cost Per Action). The minimum compensation is $200.
CPL (Cost Per Lead). The bonus is from €10 for each user with a verified phone number.
CPC (Cost Per Click). There is a reward for every 1,000 clicks on advertising banners on the partner website. The reward amount is subject to conversion.
For more detailed conditions of partnership programs contact client service.
Useful Tools
Each trader can use the following auxiliary tools available on the broker’s website free of charge:
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InstaSpot (FSC). InstaSpot is P2P spot trading conducted directly between counterparties on predetermined conditions with reference to a specific trade date and exchange rate. The broker arbitrates the transaction to secure interests of both parties.
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Dividend calculator (FSC, CySEC). This is a calendar providing for information on registration date, fixing and payment of dividends on stocks. Users need to include dividend adjustment, which can be added or subtracted from a deposit subject to a position direction.
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Trader’s calculator (FSC, CySEC). This is a tool for calculating margin, pip value, stop out level, and financial results.
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 |
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.
Comparison of InstaForex with other Brokers
| InstaForex | RoboForex | Eightcap | Exness | XM Group | 4XC | |
| Trading platform |
MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MobileTrading, XM App | MT5, MT4, WebTrader |
| Min deposit | $1 | $10 | $100 | $10 | $5 | $50 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
| Trust management | Yes | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
30% / 10% | 60% / 40% | 80% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | Yes | Yes | No | No | Yes | 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.
User Satisfaction