InstaForex Review 2022

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.05% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds

InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.

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Awards
  • The Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards
InstrumentsCFDs on currency pairs, commodities, indices, stocks, cryptocurrencies, metals, basket shares and ETFs
Demo AccountYes
Min. Deposit€200 to €50,000 (depending on account type)
Payment MethodsVisa/Mastercard, bank transfers, Skrill, Sofort, Rapid, Neteller
Min. Trade0.01 Lots
Regulated ByCySEC
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS and Android + browser based platform
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Social TradingYes
Copy TradingYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
Guaranteed Stop LossNo
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Nasdaq
  • SIX Swiss Exchange Trading
Commodities
  • Cocoa
  • Coffee
  • Cotton
  • Gasoline
  • Gold
  • Oil
  • Silver
  • Sugar
  • Wheat
CFD TradingYes
CFD FTSE SpreadAv. Floating 100 pips
CFD GBPUSD SpreadAv. Floating 0.6
CFD Oil Spread2 Pips
CFD Stocks SpreadFloating, commissions as low as 0.01%
CFD Leverage1:30 for retail clients, 1:500 for professional
Forex TradingOffering a range of accounts, including ECN, InstaForex can reduce average spreads to just 0.1 pips. The range of pairs offered is also among the largest of any broker.
Forex GBPUSD SpreadAv. Floating 0.6
Forex EURUSD SpreadAv. Floating 0.2
Forex EURGBP SpreadAv. Floating 0.5
Forex Assets1000+
Crypto TradingInstaForex offer crypto CFD trading on 19 leadings currencies with very low fees. The leverage is 1:2 for EU traders.
Crypto Spread0.10%
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • and14more
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.05% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds

InstaForex is an international brokerage offering over 2,500 trading instruments. The companies united under this brand offer CFD trading, and provide a great all-round service to more than seven million customers. InstaForex also holds a license with the CySEC and has several high-profile sponsorships, such as FC Borussia Dortmund.

Read our expert review to find out more about this international trading platform and discover whether InstaForex could be the right fit for you.

Company Details, Regulation & Licensing

InstaForex first appeared on the financial services scene in 2007. Over the years, the brand has grown and expanded to different representative offices and locations worldwide, including the Czech Republic, Slovakia and Poland.

The brand has also made a real push to get its name out there through partnerships with a range of renowned sports teams and athletic personalities such as Borussia Dortmund, Ole Einar Bjørndalen, Daria Kasatkina, Ales Loprais, Vladimír Moravčík, HKM Zvolen, and others.

Instant Trading EU LTD operates mainly on the EU market, with its headquarters in Cyprus through the webpage InstaForex.EU. The company is regulated by the CySEC, license 266/15 and fully compliant with European legislation.

Over 30 industry awards, plus the use of multiple data centers, demonstrate that InstaForex is a serious contender in the trading industry, with no plans of loosening its grip anytime soon.

So when opening an account with this broker, you can count on the best execution policy and negative balance protection. Also note that this broker is a participant of the Investor Compensation Fund, so retail clients can get a compensation of up to 20,000 EUR in case of insolvency. In addition, the firm is supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF).

From a regulatory point of view, InstaForex ticks all the boxes.

Trading Platforms

While many online brokers and services offer their own proprietary version of trading platforms, InstaForex.eu has gone an old-school route by offering MetaTrader 4 and MetaTrader 5.

The MT4 and MT5 downloads are quick and simple. A suite of user-friendly analysis tools is available with both solutions, including built-in and custom indicators, pending order types, expert advisors, and market signals. InstaForex also provides self-developed plugins such as One Click Trading and Superior Forex Desk.

For traders who enjoy the style, infrastructure, and familiarity of MetaTrader, the fact that InstaForex uses these platforms will be a significant bonus. There is also the Client Area that adds flexibility.

As a well-invested, carefully designed and robust trading system, MetaTrader 4 and MetaTrader 5 do practically everything a trader could want.

Assets

As the name of the brand suggests, InstaForex primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products.

Currently, the platform has over 100 different currency pairs available to traders, allowing for a full and comprehensive diversion of portfolios.

What is more, the broker treats its customers to an even wider range of instruments, giving access to trading stocks, commodities, indices, forex pairs and cryptocurrencies in the form of contracts for difference (CFDs). ETFs, US synthetic stocks, and IPOs are also available to live account holders.

instaforex mt4 trading platform
InstaForex MT4 Trading Platform

Spreads & Commission

As with the vast majority of online broker services, InstaForex.eu utilizes spreads and commissions, which vary according to the specific account you hold.

To find out more about the account structure of InstaForex.eu in detail, read the Account Types section below for a full overview.

In basic terms, the platform offers three distinct ECN account solutions: ECN, ECN Pro, and ECN VIP. The main difference between these accounts is the minimum deposit requirement and commission charges. Professional traders may find the Pro or VIP solution offers the best trading conditions. All three options offer spreads from 0.01 pips and competitive, tiered commissions.

Leverage

One of the benefits of choosing InstaForex for online trading is sensible leverage availability. The maximum available leverage is 1:30 which reflects EU regulation on forex trading for retail clients. Traders that qualify for a professional status can also trade with leverage up to 1:500.

Mobile Apps

As InstaForex supports trading through the well-established MT4 and MT5 systems, traders gain all the benefits of mature and well-developed platforms – including the ability to access their trades from a mobile device.

InstaForex customers can trade on their mobile devices on the MobileTrader app, available on Google Play and iOS App Store. This app has been well received and highly rated by traders.

Additionally, InstaForex offers the Forex Portal App, providing live quotes, analysis, trading signals, and other useful information, as well as the Forex Courses App that can come in handy for beginners.

Compared to some desktop-only platforms, InstaForex is relatively well established with the list of different tools and functionalities it offers to mobile users.

Instaforex Mobile forex trading app

Payment Methods

InstaForex.eu offers a great variety of methods for deposits and withdrawals, designed to provide their traders with something that works for just about anyone, anywhere in the world.

All the deposits are commission-free while fees for withdrawals can be charged by the payment processing system. To learn more details about the deposit and withdrawal fees for all payment methods, it is recommended to check the company’s Cost and Charges. Available payment methods include:

All payments are processed within the nearest working day and the broker accepts several deposit currencies: CZK, EUR, USD, PLN, and GBP.

Demo Account

InstaForex.eu gives free access to demo accounts to allow new or rusty traders to hone their skills and get to grips with the platforms. The demo account comes stocked with virtual money, allowing you to get a good idea of what real-life trading might look and feel like.

For newcomers to trading or those that have been out of the game for a while, giving a demo trading account a try is a great way to get back into the groove of things and understand the different functionalities on offer.

Deals & Promotions

Because of the regulatory requirements for brokers operating in the EU, there are no deals and promotions readily available for European-based traders. Welcome bonuses are no longer permitted by ESMA.

Terms and conditions will apply and should be read thoroughly to ensure they do not impact your trading style or choices.

Additional Features

InstaForex.eu offers several helpful services. Traders benefit from financial news and market analysis. Besides, the brand employs more than 30 forex analysts who provide daily market insights. The broker’s website also hosts a TV section with economic news, market reviews and video analytics. For beginners, InstaForex offers video tutorials and downloadable training courses. Finally, online webinars are available to both novice and established investors.

Account Types

InstaForex offers several account types, providing a tailored experience to traders:

ECN

With access to all trading functionalities, ECN accounts are designed for the next level of trader, with a higher degree of flexibility in the market executions. Raw and floating spreads are available to ECN account holders and the minimum deposit is 200 EUR on MT4 accounts and 1,000 EUR on MT5 accounts.

ECN Pro

ECN Pro boasts almost the same features as an ECN account. However, the higher minimum deposit makes this account type, not for the fair-weather trader.

In terms of execution type, this account utilizes Market execution the same as the ECN account. The difference here is reduced spreads.

ECN VIP

Variable spreads, lower commissions and more make the ECN VIP account attractive to demanding traders.

Benefits

As a well-established forex trading platform, the benefits of InstaForex.eu are numerous.

Different account types are offered to suit all kinds of traders, and the platform also offers a free demo to ensure you can get to grips with the system and try it before you buy.

As InstaForex utilizes MT4 and MT5, the transition into this brand will be smooth for many – it works exactly the same, so there’s no steep learning curve involved.

Not to mention that, for newbies, there are plenty of tutorials available online, plus 2,500 instruments. Clients also benefit from five deposit currencies and membership of the Investor Compensation Fund (ICF). Furthermore, there is the wide-reaching EU regulation providing a more versatile range of options for traders that aren’t always in one place.

If you’re looking for a well-built platform that has plenty of choices, then InstaForex might just be the ideal fit for you.

Drawbacks

While there are many good factors to consider for InstaForex.eu, it’s also worth noting the drawbacks that come with this platform.

InstaForex hasn’t created its own trading software yet, whereas some traders look for in-house platforms today.

Not to mention, the lack of some powerful plugins for MT4 means you’re getting a more limited experience, with none of the exceptional functionality of more tooled-up models. For this reason MT5 might be more suitable.

Trading Hours

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

Customer Support

InstaForex.eu offers an online form and bespoke portal to get in contact with their team for assistance. In addition, details are provided for a wealth of technical support options which can be selected on their website for WhatsApp and live chat on Telegram, Viber, and Skype. InstaForex also has branches in the Czech Republic, Slovakia, and Poland with support provided in local languages.

The Contact Us section at instaforex.eu covers it all, with comprehensive options for getting in touch with technical support, client relations, their finance department, and partner relations.

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, plus segregated accounts for high-value deposits.

InstaForex Verdict

As an online trading platform, InstaForex.eu is a solid choice. It utilizes well-known technology such as MT4 and MT5 to provide an excellent experience to traders and ensures the safety of its customers through EU regulation and effective security solutions.

If you’re looking for a trading platform that offers a comprehensive variety of different trading options, then InstaForex.eu might be worth checking out.

While it certainly isn’t an exceptional standout, it does have a good reputation and all the functionality in place to make it viable for many types of traders – from old hands to beginners.

Accepted Countries

InstaForex accepts traders from all over the European Union and beyond it: Iceland, Ireland, Switzerland, France, Italy, Germany, the Czech Republic, Slovakia, Hungary, Bulgaria, Denmark, Norway, Sweden, Poland, Spain, Portugal, Greece, Cyprus, Austria, and other countries.

Compare InstaForex

Compare InstaForex with similar brokers that accept traders from your location. Among available brokers these are the most similar to InstaForex:

  1. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

InstaForex Comparison Table

Compare InstaForex With Similar Brokers
InstaForex eToro IG Group AAAFx Forex.com
Rating 4.7 4.4 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit €200 to €50,000 (depending on account type) $10 £250 $10 $100
Minimum Trade 0.01 Lots $10 0.1 lots 0.01 lots $1
Regulators CySEC FCA, CySEC, ASIC, FSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin HCMC (Greece), FSCA (South Africa) CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% Deposit Bonus available for Global clients No
Education No Yes Yes No Yes
Platforms MT4, MT5 MT4 MT4, MT5 MT4
Leverage 1:30 for retail clients, 1:500 for professional 1:30 EU 1:30 1:30 EU, 1:500 Global 1:200
Payment Methods 10 14 6 8 8
Detailed Comparison InstaForex vs eToro InstaForex vs IG Group InstaForex vs AAAFx InstaForex vs Forex.com
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Compare Trading Instruments

Compare InstaForex Trading Instruments
InstaForex eToro IG Group AAAFx Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes No Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes No No
Silver Yes Yes Yes No Yes
Corn No Yes No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes No Yes
Options No No Yes No Yes
ETFs Yes Yes Yes No No
Bonds No No Yes No No
Warrants No No No No No
Spreadbetting No No Yes No No
Volatility Index No Yes Yes No No

InstaForex vs Other Brokers

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

InstaForex vs

The most popular InstaForex comparisons:

  1. InstaForex vs Just2Trade
  2. Avatrade vs InstaForex
  3. InstaForex vs FBS
  4. InstaForex vs Hantec Markets
  5. FXChoice vs InstaForex

FAQ

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

InstaForex’s minimum deposit requirement varies by account type. The lowest is €200 under the ECN profile.

What Trading Platform Does InstaForex Offer?

InstaForex EU offers retail clients the option of trading on the MetaTrader 4 or MetaTrader 5 terminals. Both can be used via all major web browsers, downloaded to desktop devices or via mobile compatible applications.

Does InstaForex Have A Demo Account?

Yes, InstaForex offers a free demo account. Traders can access up to €100,000 in virtual funds to practise trading risk-free.

Can I Trade With Leverage On The InstaForex Trading Platform?

Retail clients can trade with leverage up to 1:30 on the InstaForex platform. This is aligned with the ESMA cap on leverage opportunities for EU investors.

Is InstaForex A Regulated Trading Broker?

InstaForex EU is regulated by the Cyprus Securities and Exchange Commission (CySEC). Day traders can benefit from negative balance protection and access to the Investor Compensation Fund (ICF).

InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.05% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds

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