InstaForex Review 2024

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Our Rating

3.7 / 5

InstaForex is #13 in our CFD broker rankings.

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Regulation & Trust

Accounts & Banking

Assets & Markets

Fees & Costs

Platforms & Tools

Customer Support

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 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.

Minimum Deposit

Trading Platforms MT4, MT5

Instruments CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities

Bonus Offer Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses

Account Currencies USD, EUR

Payment Options 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 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

Current Promotions

Claim A 100% Deposit Bonus At InstaForex

✓ 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

Company Details, Regulation & Licensing

Trading Platforms

Mobile Apps

Assets

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

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. Vantage – Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
   Go to Vantage
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 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.

InstaForex vs Other Brokers

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	Visit	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.
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.