InstaForex Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of InstaForex trading signals. You will learn what kinds of trading signals InstaForex offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | FSC - USD, EUR, RUB. CySEC - EUR, USD, PLN, CZK, GBP (GBP -only for accounts on МТ5). |
| 🚀 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. |
| 💱 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% |
InstaForex Pros and Cons
👍 Advantages of trading with InstaForex:
•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.
👎 Disadvantages of InstaForex:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
InstaForex Trading Signals
Copy trading signals
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.
Trading central signals
Clients of InstaForex can use Trading Central. Trading Central is a globally recognized market analysis service. Сlients of InstaForex can use it to access a vast amount of analytical information. This is especially useful for day traders and position traders.
Trading Central provides the following data:
Information about current support and resistance levels.
Signals for indicators such as MACD, RSI, Moving Average, and others on different timeframes.
General entry and exit point recommendations.
Price movement possibilities for various assets and points at which the price may rise or fall.
Overall market characteristics, etc.
Trading Central data is provided for the Forex market, indices, as well as certain commodities such as oil and gold.
Conclusion
Based on the results of the analysis of the InstaForex trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.