InstaForex Review 2024

3.7 / 5
InstaForex is #13 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
All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.

InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC and CySEC.

MT4, MT5
Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
$3500 No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100%
Skrill, Mastercard, Visa, Neteller, Wire Transfer, Bitcoin Payments, Ethereum Payments, AstroPay, 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 $1 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 0.1% 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 1:1000. 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.

Crypto Trading

There's a range of 10+ crypto tokens against USD, with 0.1% fees and 1:5 leverage. You can also trade the Bitcoin token with spreads around 25, which is in line with similar brokers.

Copy Trading

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


  • Best Forex Broker, International Investor Awards 2022
  • Best Crypto Broker 2022,
  • Best Customer Service Broker 2022,
  • 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, Cent accounts (for global clients) and zero-commission trading available
  • There’s a copy trading service available with just a $10 minimum deposit, allowing clients to become both followers and providers
  • There’s a decent range of free and fast payment methods including local bank transfers, bank cards, e-wallets and cryptos
  • InstaForex has a strong industry reputation, with a 15+ year history and serving over 7 million clients

✗ Cons

  • The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards
  • Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+
  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers

InstaForex is an international brokerage offering over 300 trading instruments. Clients benefit from CFD trading, various tools, plus welcome bonuses. More than seven million customers have already signed up for a live account. InstaForex also holds a license with the BVI FSC (British Virgin Islands).

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.

Global traders can access 1:1000 leverage, cryptocurrency trading, market analysis, a forex copy trading system, various contests, tournaments and promos, plus customer support in 17 languages.

Instant Trading Ltd operates globally and is authorized by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI), license SIBA/L/14/1082.

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

Trading Platforms

Traders can speculate on the financial markets using several user-friendly platforms.

InstaForex offers the MetaTrader 4 and MetaTrader 5 platforms. MT4 and MT5 provide one-click trading, between 9 (MT4) and 21 (MT5) timeframes, support for automated trading, a range of indicators and analysis tools, financial news updates, and secure logins.

InstaForex also offers a MultiTerminal solution. Compatible with MetaTrader 4, the terminal allows user to manage multiple accounts simultaneously. The downloadable software is compatible with Windows OS.

The online broker also offers a straightforward WebTrader platform. Clients can trade directly through an internet browser, with no download required. The WebTrader offers three layouts (Classic, Dashboard, Charts), market news and forex analysis, plus synchronization with InstaForex’s other platforms.

Mobile Apps

InstaForex offers several mobile trading applications. The MobileTrader app allows users to manage their online trading account and activity similar to MetaTrader 4.

The broker also offers several forex applications. This includes ForexCopy which facilitates copy trading, Forex Signals, which provides live insights into the FX market, Forex Strategies, which can help provide useful trading systems, plus Forex Courses, which beginners can use to learn about online trading.

InstaForex also offers apps to help access and manage your trading account while on the move. These include IFX Client, IFX Partners, and InstaVerify.


Our experts found InstaForex offers over 300 instruments. In addition to a long list of forex pairs, clients can trade stocks and shares, indices, InstaFutures, plus spot instruments like gold and silver. The broker also offers leveraged CFDs on major indices, such as the S&P 500, Dow Jones, Nasdaq, and FTSE 100.

A dozen cryptocurrencies are also available. Cryptos can be traded against the USD with competitive spreads and a 0.1% fee.

instaforex mt4 trading platform
InstaForex MT4 Trading Platform

Spreads & Commission

InstaForex offers fixed spreads on all assets apart from major forex pairs.

During periods of low volatility (23:30 to 03:00 terminal time), spreads on major currency pairs can reach 10 pips. During such market conditions, we found that EUR/CZK and EUR/SEK could double, GBP/CHF could rise to 13 pips, and USD/ZAR could climb to 200 pips.

Shares and crypto also incur a 0.1% fee while the tick cost for InstaFutures is 0.01.

You can see a full breakdown of spreads and fees at InstaForex.


When we used InstaForex, leverage between 1:1 and 1:1000 was available to us. Traders can choose the leverage they need to suit their strategy and risk appetite.

In comparison to competitors, InstaForex offers high leverage which means greater profit potential in return for a small initial deposit. It is worth noting, of course, that leverage can magnify losses too.

Payment Methods

InstaForex offers a selection of international and local payment methods. Traders can deposit and withdraw using traditional wire transfers, bank cards, popular e-wallets, cryptocurrencies like Bitcoin, plus local transfer solutions.

Deposit times vary from instant with some options, such as PayCo, to three hours with crypto payments, and up to 24 hours with bank cards. Most local transfers are processed within two working days.

InstaForex does not charge for deposits and withdrawals, but third-party fees may apply.

Note, the payment system and currency must be the same for both deposits and withdrawals.

InstaForex processes payments Monday to Friday, 10 am – 7 pm (UTC+3).

Demo Account

While using InstaForex, a free demo account was available. Credited with virtual funds, prospective traders can try the broker’s suite of instruments, plus the various copy trading tools and other services available.

Users can then switch to a real-money account when they feel ready.

Deals & Promotions

InstaForex stands out for its selection of welcome bonuses, tournaments and promotions.

Promotions include a No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100%.

The broker has also been known to give away luxury cars and tech gadgets in its deals and trading contests.

Simply head to the ‘Campaign’ tab on the InstaForex website to find the right bonus for your trading style and goals.

Additional Features

InstaForex offers a string of additional tools and features. 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.

In addition, the company offers a VPS service and a forex copy trading solution where users can choose traders based on over 20 different criteria.

Beginners may also want to look at InstaForex’s Tick Trades service. Novice investors can learn beginner-friendly strategies and access user-friendly educational materials.

Account Types

InstaForex offers several trading accounts.

The standard profiles will meet the needs of active traders with competitive spreads, high leverage, and instant execution.




The Cent.Standard and Cent.Eurica account types are aimed at beginner traders and clients looking to learn how to trade. As a result, users benefit from the lowest possible trade volumes. Micro Forex, for example, is available with a lot volume of 0.0001 of the market lot (the lot price is 0.1 U.S. cents) and allows practicing with limited risk to deposits.

This type of account will essentially suit traders looking to test strategies with minimal risk and the advantage of 0.0001 lots.


We appreciate that a swap-free account is also available for Muslim traders.

Note the minimum trade size is 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica). InstaForex opts for a lot size of 10,000 rather than standard lot size of 100,000. This is because the online broker allows users to trade three lot sizes simultaneously in the same account; Micro Forex, Mini Forex, and Standard Forex. This is fairly unique to InstaForex and offers important flexibility.

We recommend using the forex calculator to help plan trades.


InstaForex has a lot to offer global traders. Users benefit from trading with a reputable brand that over seven million investors have signed up to in the last 15 years.

The online broker offers a wide selection of bonuses and promotions, forex copy trading, 1:1000 leverage, over 300 instruments, plus a choice of trading platforms and mobile apps.

The PAMM system is a particularly good option if you want to invest your capital with seasoned traders. While testing InstaForex, the OYS account also stood out, allowing traders to invest in the S&P 500.

Ultimately, InstaForex is well-positioned to meet the needs of beginners and experienced traders.


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

Some competitors offer a wider range of trading instruments, especially in terms of cryptocurrencies. In addition, the broker’s website and Client Cabinet can feel tricky to navigate, with a wide range of tools and services to choose between.

Trading Hours

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

Customer Support

3.7 / 5

InstaForex offers 24/7 customer support in 17 languages. As well as telephone support, users can speak to a member of the team via chat, including through Telegram and Skype, plus other convenient channels.

You can also email the team at and make use of the support portal.

Upon testing, customer service agents responded within a couple of minutes and were able to help with account queries.

You can follow the broker on social media to stay up to date with the latest deals and product updates.

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

As an online trading platform, InstaForex 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 global regulation and effective security solutions. The broker also offers more than 300 trading assets, including futures and cryptocurrencies.

If you’re looking for a trading platform that offers a comprehensive variety of different trading options, then InstaForex 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.


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

InstaForex’s minimum deposit is 1 EUR/USD, making it popular with beginners.

What Trading Platform Does InstaForex Offer?

InstaForex offers a wide selection of trading platforms, from MetaTrader 4 and MetaTrader 5 to MultiTerminal and WebTrader. There is a selection of downloadable and web-access terminals.

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?

Retail clients can trade with leverage up to 1:1000 on the InstaForex platform. Traders can choose a leverage level that compliments their trading strategy and risk tolerance.

Is InstaForex A Regulated Trading Broker?

Instant Trading Ltd is regulated by the BVI FSC (British Virgin Islands), license SIBA/L/14/1082. The broker also uses segregated accounts.

Top 3 Alternatives to InstaForex

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

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

InstaForex Comparison Table

Compare InstaForex With Similar Brokers
InstaForex IG Interactive Brokers World Forex
Rating 3.7 4.4 4.3 4
Markets Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $0 $0 $1
Minimum Trade 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica) 0.01 Lots $100 0.01 Lots
Bonus $3500 No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100% 100% Deposit Bonus
Education Yes Yes Yes No
Platforms MT4, MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 11 6 6 10
Visit Visit Visit Visit
Review IG
Interactive Brokers
World Forex

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 IG Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs Yes Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

InstaForex vs Other Brokers

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


The most popular InstaForex comparisons:

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Customer Reviews

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InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC and CySEC.
All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.