Contents
- 1 InstaForex Basics
- 2 Our Opinion About Instaforex
- 3 Key Benefits
- 4 Regulation
- 5 Trading Assets
- 6 InstaForex Account Types
- 7 Instaforex Registration – How To Open An Account
- 8 Instaforex Registration – How To Verify An Account
- 9 Deposits & Withdrawals
- 10 Trading Platforms
- 11 Trading Tools
- 12 Extra Trading Services
- 13 Education
- 14 InstaForex Customer Support
- 15 Trading Hours
- 16 Conclusion
- 17 InstaForex Broker Review FAQ
- 18 Similar Brokers
InstaForex Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA |
| 💰 Minimum Deposit | $1 |
| 💳 Deposit Options | Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Payoma, and Sofort. |
| 💳 Withdrawal Options | Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Payoma, and Sofort. |
| 📌Open an account | Start Trading with InstaForex |
Our Opinion About Instaforex
InstaForex is one of the most well-known forex brokers on the market. First established in 2007, it is now a large, international broker with offices in many countries worldwide. It has earned the trust of over 7,000,000+ clients and has a growing client base in Europe. InstaForex is popular for many reasons. It offers superb trading conditions, excellent trading technology, and powerful trading platforms. It also offers helpful educational resources, weekly market analysis, and expert market outlooks. Best of all, Instaforex offers several unique copy trading features. Find out more below!
Key Benefits
Regulation
InstaForex is licenced by CySEC in Cyprus. This means that it follows all EU regulation and offers a good level of client protection. They are also licensed by regulators in the UK, the British Virgin Islands, and St Vincent and the Grenadines. This means they are monitored by several reputable regulators and are required to treat their clients fairly.
- Instant Trading EU Ltd is regulated by CySEC (Cyprus), with the licence number: 266/15.
- Instant Trading EU Ltd is regulated by the FCA (UK), with the licence number: 728735.
- Instant Trading Ltd is licensed by BVI FSC (BVI), with the licence Number: SIBA/L/14/1082.
- Insta Service Ltd is registered with SVG FSC (SVG), with registration number IBC22945.
Regulation In Europe
Forex traders in Europe can register under the Instant Trading EU Ltd (CySEC) subsidiary, which is licensed by CySEC, in Cyprus. CySEC is a strict financial authority that offers a high level of regulatory oversight. As such, Instaforex abides by all EU regulation and offers a higher level of client fund protection. They operate based on a segregated accounts policy. This means that they keep clients ‘funds in separate accounts, with secure top-tier banks. They also work based on a negative balance protection policy. This means that they guarantee clients’ account balances can never fall below zero. As such, they have good regulatory oversight and offer good client fund protection.
Fund Protection
As a regulated broker, InstaForex ensures that they have good funding policies in place to keep client funds safe. In addition to these policies, InstaForex ensures that they have good data security protocols to keep client data safe too. For example, it uses both SSL technology and two-factor authentication technology. These extra measures policies and protocols help ensure that your money, and your data, are kept as safe as possible.
Instaforex Awards
InstaForex has won many awards for its products, platforms, and customer service. Their most recent industry awards include:
- Best Crypto Broker 2022 (Forexing.com)
- Best Customer Service Broker 2022 (Allforexbonus.com)
- Best Forex Broker 2022 (International Investor Awards)
- Most Innovative Forex Broker 2021 (Global Brands Magazine)
- Best Forex Broker Central and Eastern Europe 2020 (International Business Magazine)
- Best Forex Broker Eastern Europe 2019 (International Business Magazine)
- Best Broker in Asia 2019 (Le Fonti Awards)
- Best Forex Cryptocurrency Trading Platform 2018 (UK Forex Awards)
Instaforex: Legit Or Scam?
Instaforex is a legit online broker. They are an established forex company and have been offering online trading services since 2007. They have an international presence and a growing client base in Europe. Instaforex regulated by some of the strictest financial bodies in the world including CySEC. In terms of their trading accounts, they have low entry requirements, high leverage, and excellent trading conditions. And in terms of their funding policies, they have reliable payment methods, fast withdrawals, and a good level of client fund protection. In our opinion, they are a legit forex broker.
Trading Assets
InstaForex offers a wide range of trading instruments. You can trade currency pairs, stocks, indices, metals, commodities, and cryptocurrencies.
Trading Instruments
- Forex: Instaforex offers 100+ currency pairs including majors, minors, and exotics.
- Stocks: They offer 80+ stocks including Apple, Disney, Alphabet, and Coca Cola.
- Indices: Instaforex offers 15 indices across the US, Europe, and Asia.
- Commodities: They offer trading on Silver, Gold, Palladium, Crude Oil, and Gas.
- Cryptocurrencies: Instaforex offers 12 cryptos including Bitcoin, Cardano, and Ripple.
InstaForex Account Types
There are four trading accounts available at InstaForex. You can trade using their Insta Standard or their Insta Eurica. You can also trade using their Cent Standard and their Cent Eurica accounts. As such, there are several options to choose from.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Insta Standard | From 3.0 pips | $1 | 1:30 | $0 |
| Insta Eurica | From 0.0 pips | $1 | 1:30 | 0.03%-0.07% |
| Cent Standard | From 3.0 pips | $1 | 1:30 | $0 |
| Cent Eurica | From 0.0 pips | $1 | 1:30 | 0.03%-0.07% |
Best Accounts
InstaForex has some great trading accounts. In our opinion, their best option is the Insta Eurica trading account. The minimum deposit is $1. There are no spreads and the account comes with low commission fees of just 0.03% – 0.07%. As such, the trading costs are quite consistent. The Insta Eurica account also comes with high leverage of up to 1:30. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.01 lots and the maximum trade volume is 10,000 lots.
Demo Accounts
InstaForex also has demo accounts. You can use them to work on your trading skills and learn different trading strategies. You can also use them to try using different trading platforms and trading tools. As such, they are very useful for beginner traders.
Instaforex Registration – How To Open An Account
As part of our Instaforex review, we looked at their online registration requirements. If you live in Europe, then you are can open a trading account under their CySEC subsidiary.
The registration process is simple. The first step is to go to their website and complete the online form. This is so that Instaforex can gather some personal information and create your account. The next step is to take a short test about online trading. This is so that Instaforex can find out what you know about trading and determine if their online trading services are suitable for you. The final step is to complete the account verification process, also known as the KYC process, and choose your preferred account type. This is so that Instaforex can complete their regulatory checks and activate your trading account. After that, all you need to do is deposit funds and start trading!
Instaforex Registration – How To Verify An Account
To open a live trading account you’ll need to show Instaforex a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Deposits & Withdrawals
InstaForex offers many different payment methods including credit cards, debit cards, bank wire transfer, Skrill, Neteller, Payoma, and Sofort.
Instaforex Withdrawal Fees
Many of the Instaforex withdrawal methods have fees attached. The fee is usually between 0.5 – 2% of the total transaction amount.
Trading Platforms
InstaForex offers trading on one of the industry’s best trading platforms – MT4. MetaTrader4 (MT4) is a great option for new forex traders in Africa. It has an easy-to-use design and many built-in trading tools. It gives you access to many different trading assets including forex, stocks, and indices. The Instaforex MT4 trading platform has a wide range of charting tools, order execution types, technical indicators, and analytical objects.
InstaForex also offers trading on another great trading platform – MT5. MetaTrader5 (MT5) is also another great choice for forex traders in Africa. It has a nice design and a simple interface. As with MetaTrader4, it gives you access to many different financial markets including forex, stocks, and indices. The Instaforex MT5 platform also has a large choice of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
InstaForex has a nice selection of trading tools including:
- VPS – They offer free VPS services to traders with more than $5000 in their trading account.
- ForexCopy – They offer a free copy trading service for new traders.
- Forex Signals – They give you free access to expert trading signals.
- Forex Strategies – They give you free access to expert trading strategies.
- Forex Quotes and Analysis – They offer free research, quotes, and economic news.
Extra Trading Services
InstaForex also lets you trade binary options. You can trade intraday and expiry binary options using their cutting-edge trading technology.
Education
InstaForex has plenty of free educational materials. They give you free access to a community forum and an education centre. The forum is a training ground where you can learn new things and try to improve your forex trading skills. The education centre is an eLibrary where you can read up on different trading concepts and strategies. It includes free access to training guides, online trading tutorials, videos, eBooks, and journals.
InstaForex Customer Support
The InstaForex Support team offers great customer service and is quick to respond to any questions. You can reach them via live chat, email, and phone.
Trading Hours
Instaforex operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.
Conclusion
InstaForex offers high quality trading services including a PAMM system, a copy trade system, and an instaWallet system. It also offers excellent educational materials, great trading conditions, and a high level of trading support. This makes InstaForex a great choice for all traders – whether you’re just starting your journey in Forex or if you’re looking to change to a better broker!
InstaForex Broker Review FAQ
Yes, Instaforex in Europe is a good broker. They have a nice selection of account types, all of which have very low minimum deposits. Instaforex has many trading instruments including forex, stocks, indices, cryptocurrencies, metals, oil, gas, and other commodities. They also offer very good trading accounts and excellent online trading conditions.
Yes, Instaforex in Europe is a legit forex broker. They are an international company with offices in key locations around the world. In terms of their services, they offer great trading accounts, fair trading conditions, and helpful trading tools . Furthermore, Instaforex has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, Instaforex in Europe is a regulated forex broker. InstaForex has a licence from CySEC in Cyprus. It is also registered with the FCA in the UK, as well as many EU regulatory bodies. As such, it is a trustworthy and reliable broker. In addition, InstaForex has licences from regulators in the British Virgin Islands, as well as St Vincent and the Grenadines. This means there are many regulators overseeing its operations and ensuring that it treats its clients fairly.
Yes, Instaforex in Europe is a safe forex broker. When it comes to fund safety, they follow all their basic regulatory requirements, and offer robust client fund protection measures. For example, Instaforex keeps all client funds in segregated accounts, separate from its company funds. This means that they can never use client money for their own business purposes. In our opinion, Instaforex is a safe company to trade with.
Yes, you can trust Instaforex in Europe. InstaForex is one of the top brokers in the forex industry. The company was first launched in 2007 and has been offering trading services for over a decade. They are a large, international forex company with over 7,000,000+ clients worldwide. They are very popular and have won many forex awards in Europe.
Yes, Insfaforex in Europe offers four live trading accounts. You can trade on their Insta Standard or their Insta Eurica. You can also choose from their Cent Standard and their Cent Eurica accounts. All of the Instaforex live accounts come with high leverage, competitive pricing, and fast trade execution. As such, Insta forex trading conditions are very good.
Yes, Instaforex in Europe has good spreads. The Instaforex spreads available depend on your account type. For example, you can get spreads from 3.0 – 7.0 pips on with the Insta Standard and Cent Standard accounts. You can also get zero spread trading on the Insta Eurica and Cent Eurica accounts. As such, Instaforex trading conditions are very good.
As part of our Instaforex review, we also look at their minimum deposit requirements. Instaforex in Europe has several affordable account options. Their entry requirements are very low and the minimum deposit nstaforex for all trading accounts is only $1.
There are several Instaforex deposit methods. These include credit cards, debit cards, and bank wire transfer. It also allows Skrill, Neteller, Payoma, and Sofort. The average Instaforex deposit times are mostly in line with the industry standards. For instance, bank wire withdrawals can take 2-4 days to process. Go online for their full deposit conditions.
There are several Instaforex withdrawal methods. These include credit cards, debit cards, and bank wire transfer. It also allows Skrill, Neteller, Payoma, and Sofort. The average Instaforex withdrawal times are mostly in line with the industry standards. For instance, bank wire withdrawals have a 2% fee and take 2-4 days to process. Go online for their full withdrawal conditions.
Instaforex in Europe does not have PayPal. However, it does have many other funding methods including credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The Instaforex deposit times are very good. They do not charge deposit fees on most payment methods.
Yes, Instaforex is good for beginners. They have several affordable account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources.
Ready to start trading? Register for an online trading account with InstaForex here. Looking for more information, feel free to check out our forex broker reviews.
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