InstaForex Review 2023

/ 5
InstaForex is #109 in our CFD broker rankings.

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


Demo Account

Award Winning

MetaTrader 4
MT4, MT5
Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options
30% - 100% Welcome Bonus
Neteller, Wire Transfer, Skrill, Mastercard, Visa
and 3 more

Binary Trading

InstaForex offers intraday and expiry binary options on gold and silver, currency pairs, plus stocks and shares.

Forex Trading

Go long or short on a range of major and minor currency pairs with tight spreads.

Stocks Trading

Trade major shares plus US synthetic stocks and well-known indices

CFD Trading

Use leveraged CFDs to speculate on popular financial assets with tight spreads.

Crypto Trading

InstaForex offer crypto CFD trading on leading tokens with very low fees.

Copy Trading

InstaForex offers a popular copy trading solution suitable for beginners.


  • Best Forex Broker by International Investor Awards 2022

InstaForex is an international brokerage offering over 300 trading instruments. Clients benefit from CFD trading and binary options, plus deposit bonuses from 30% to 100%. 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 regulated by the BVI FSC (British Virgin Islands), 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.

In addition, account holders can use the FastTrader platform. This has been designed for making tick trades. The terminal offers six-digit quotes, a clutter-free interface, and is accessible via web browsers.

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, futures, 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 also offers binary options trading. Traders can use intraday and expiry options to take positions on precious metals, currency pairs, and equities.

instaforex mt4 trading platform
InstaForex MT4 Trading Platform

Spreads & Commission

Spreads depend on the account type and instrument. Average forex spreads with the Standard and MT5 account come in at around 3 pips while the Eurica account offers zero pip spreads along with a commission charge of 3 currency units.

Spreads vary between stocks and shares but come with 0.1% fee, similar to cryptocurrencies. There is a 0.01 tick cost with the broker’s InstaFutures.

Head to the broker’s official website for a break down of fees by trading instrument.


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, 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 and bank fees may apply.

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

InstaForex processes payments Monday to Friday, from 8 am to 5 pm (UTC+00).

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, such as binary options, 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.

New users benefit from a 30% to 100% deposit bonus. Clients that deposit over $1000 also get a prize. 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.



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, binary options, forex copy trading, 1:1000 leverage, over 300 instruments, plus a choice of trading platforms and mobile apps.

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

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

You can also 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 binary options, 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.

Accepted Countries

InstaForex accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use InstaForex from Belgium, United States, Turkey, Canada.

Payment Methods

InstaForex Details

Minimum Trade 0.01 Lots
Regulated By BVI FSC
Account Types
  • ECN
Islamic Account Yes
Mobile Apps iOS and Android + browser based platform
Margin Trading Yes
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading No
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
  • Copper
  • Gold
  • Natural Gas
  • Oil
  • Palladium
  • Silver

CFD Trading Details

FTSE Spread Av. Floating 100 pips
GBPUSD Spread Av. Floating 0.6
Oil Spread 2 pips
Stocks Spread Floating, commissions as low as 0.01%
Leverage 1:1000

Forex Trading Details

GBPUSD Spread Av. Floating 0.6
EURUSD Spread Av. Floating 0.2
EURGBP Spread Av. Floating 0.5
Assets 1000+
Currency Indices
  • USD

Cryptocurrency Trading Details

Crypto Spread From 0%
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • and50+more

Compare InstaForex

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

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. – boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to
  3. Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
    Go to Just2Trade

InstaForex Comparison Table

Compare InstaForex With Similar Brokers
InstaForex IG Group Just2Trade
Rating 4.1 4.4 4.5 3.5
Markets Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Stocks, ADRs, ETFs, futures, options, commodities, bonds
Demo Account Yes Yes Yes Yes
Minimum Deposit $/€1 £250 $100 $100
Minimum Trade 0.01 Lots 0.1 lots $1 0.01
Bonus 30% – 100% Welcome Bonus Up to $2,000 for professional accounts
Education No Yes Yes No
Platforms MT4, MT5 MT4, AutoChartist, TradingCentral MT4, MT5, TradingView, AutoChartist, TradingCentral MT4, MT5, TradingCentral
Leverage 1:1000 1:30 1:200 1:5 to 1:20
Payment Methods 8 6 8 20
Visit Visit Visit Visit
Review InstaForex
IG Group

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 Group Just2Trade
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 No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes Yes Yes
ETFs Yes Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No 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.

InstaForex vs

The most popular InstaForex comparisons:

  1. InstaForex vs FBS
  2. InstaForex vs Hantec Markets


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, WebTrader and FastTrader. 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.

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