InstaForex Review 2024


3.7 / 5
InstaForex is #15 in our CFD broker rankings.

InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms.

- Daytrading Review Team

InstaForex is a forex and CFD broker founded in . The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.

MT4, MT5
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities
-
USD, EUR
Skrill, Mastercard, Visa, Neteller, Wire Transfer, Przelewy24, Giropay, Rapid Transfer

Forex Trading

InstaForex's range of 100+ currency pairs is among the largest we have seen. ECN spreads are also available from 0.0 pips with zero commissions. Minimum deposits start from making the broker accessible for beginners. You can also access market-leading forex analysis and insights.

Stock Trading

There are hundreds of major global shares and indices available. You can also trade IPO shares and ETFs in the MT4 platform, depending on jurisdiction. You can expect a reasonable commission on US shares, plus a range of analysis features to help you stay ahead of stock market news.

CFD Trading

You can trade CFDs across a range of diverse markets with flexible account types and leverage up to . With access to both MT4 and MT5, day traders can execute multiple short-term CFD trading strategies using the dozens of pre-integrated technical indicators and graphical objects.

Copy Trading

The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.

Awards

  • Best Forex Broker, International Investor Awards 2022
  • Best Crypto Broker 2022, Forexing.com
  • Best Customer Service Broker 2022, AllForexBonus.com
  • Best Broker 2022 in Latin America, International Business Magazine
  • Best Affiliate Program 2022, GBM
  • Best Forex Broker 2022, International Investor Awards
  • Most Active Broker in Asia 2020, AtoZ Markets Forex Awards
  • Best Affiliate Program 2020, Global Brands Magazine
  • Best Broker in Asia 2019, Le Fonti Awards
  • Best Managed Account 2019, IAFT Awards
  • Best ECN Broker in Asia 2018, International Business Magazine

✓ Pros

  • InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types
  • The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
  • The broker is accessible for beginners, with low minimum deposits and zero-commission trading available
  • There’s a decent range of free and fast payment methods including local bank transfers, bank cards and e-wallets
  • InstaForex has a strong industry reputation, with a 14+ year history and serving millions of clients

✗ Cons

  • The broker’s various entities are regulated different, traders must be aware which entity they are joining.
  • Market coverage and account conditions vary between entities.
  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers

Company Details, Regulation & Licensing

Trading Platforms

Mobile Apps

Assets

instaforex mt4 trading platform
InstaForex MT4 Trading Platform

Spreads & Commission

Leverage

Payment Methods

Demo Account

Deals & Promotions

Additional Features

Account Types

Benefits

Drawbacks

Trading Hours

InstaForex offers trading round the clock except for weekends and rare public holidays.

Customer Support

3.7 / 5

Safety & Security

InstaForex provides adequate financial and technical security for its customers, using a level of protection equivalent to banking processes. This includes the use of two-factor authentication, anti-phishing technologies.

All client funds are kept in segregated account with reputable financial institutions.

InstaForex Verdict

FAQs

What Are The Minimum Deposit Requirements For An InstaForex Trading Account?

What Trading Platform Does InstaForex Offer?

Does InstaForex Have A Demo Account?

Yes, InstaForex offers a free demo account. Traders can access up to tens of thousands in virtual funds to practice trading risk-free.

Can I Trade With Leverage On The InstaForex Trading Platform?

Is InstaForex A Regulated Trading Broker?

Top 3 Alternatives to InstaForex

Compare InstaForex with the top 3 similar brokers that accept traders from your location.

  1. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  2. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  3. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets

InstaForex Comparison Table

Compare InstaForex With Similar Brokers
InstaForex Pepperstone AvaTrade IC Markets
Rating 3.7 4.8 4.9 4.8
Markets CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $200
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM ASIC, CySEC, FSA
Bonus
Education Yes Yes Yes Yes
Platforms MT4, MT5 MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Leverage 1:30 (Retail), 1:500 (Pro) 1:30 (Retail) 1:400 (Pro) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Payment Methods 8 11 13 14
Visit Visit Visit Visit Visit
Review Pepperstone
Review
AvaTrade
Review
IC Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by InstaForex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare InstaForex Trading Instruments
InstaForex Pepperstone AvaTrade IC Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes Yes No
Silver Yes Yes Yes Yes
Corn No Yes Yes Yes
Crypto Yes Yes Yes Yes
Futures Yes No Yes Yes
Options No No Yes No
ETFs Yes Yes Yes Yes
Bonds No No Yes Yes
Warrants No No No No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes Yes

InstaForex vs Other Brokers

Compare InstaForex with any other broker by selecting the other broker below.

 

Customer Reviews

  5 / 5

This average customer rating is based on 2 InstaForex customer reviews submitted by our visitors.

If you have traded with InstaForex we would really like to know about your experience - please submit your own review. Thank you.

  5

Five-Star Review for InstaForex!

I have been trading with InstaForex for a while now, and I couldn’t be happier with their service. From the very beginning, my experience has been smooth and hassle-free.

A special shoutout to my account manager, Roman! 🙌 His support and guidance have been exceptional. He’s always available to answer my questions and provide valuable insights, making my trading journey much more enjoyable and profitable.

InstaForex offers a user-friendly platform, a wide range of trading tools, and competitive spreads. I have never encountered any issues with withdrawals or deposits, which is a huge plus. Their customer service team is also very responsive and professional.

If you’re looking for a reliable and efficient broker, I highly recommend InstaForex. They have truly exceeded my expectations!

✍ Anders | 🌐 Denmark | May 24, 2024
  5

Thanks to my account Manager Mr Roman Klimuk, he is the one who made me realize that instaforex is NOT a scam as many people think, he was really patient, hardworking, thorough and dedicated account manager, he guided me each step of the way through my withdrawal process…he would even go out of his way to check with me the status/stage of my withdraw and whenever i was stuck along the way he woulld always get back to me with a working solution. With such dedication i would honestly vote him employee of the year…thats just how much he went above and beyond for the company.

Thanks to my account manager’s consistent guidance, i felt a genuine need to express my deepest token of appreciation. I have never seen such dedicated customer service.

I really hope that my positive experience will help other clients to feel more comfortable with the platform.

✍ Jessica Muliango | 🌐 Zambia | May 21, 2024

Submit Your Own Review of InstaForex

If you have experience trading with InstaForex please share your personal review of the broker and what you think are strong and weak points. Thank you.

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InstaForex is a forex and CFD broker founded in . The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.