InstaForex is an international broker that provides traders access to the global market since 2007. InstaForex is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).
The company behind InstaForex is based in Russia (Kaliningrad). In continental Europe, it is represented only in Moldova and Ukraine, so a personal visit is difficult to make. According to the list of sales offices, it is also a company focusing mainly on Asian countries.
Security
InstaForex provides Clients‘ safety and security through:
- SMS security
- Logs of the Client Cabinet access
- Security of withdrawal to unverified requisites
- Two-factor authentication
- HTTPS/SSL secure technology
- Entering the password via virtual keyboard
- Personal manager
- Segregated accounts
- Anti-Phishing: InstaForex Recommendations to Clients.
Trading Platforms
InstaForex provides the MetaTrader 4, MetaTrader 5, Webtrader and Insta Tick Trader Platforms.
MetaTrader 4 Features:
- 9 time frames
- Variety of tools for technical analysis
- Online financial market news
- Automated trading
- Locked positions
- Wide choice of free indicators and advisors
- Creating your own indicators and advisors (MQL4)
- High security 128 bit encoding
- One click trading
- Trailing stop
MetaTrader 5 Features:
- 21 time frames (MT4 only has 9)
- Depth of market (Level II pricing) and contract specifications
- MQL5 – the new generation programming language for designing expert advisors and indicators
- Automated quotes archive
- Advanced set of technical tools
- Fill Policy – a new field in the Order window
- Expiry dates for pending orders
- Ready-made trading advisors, indicators and scripts available from the in-built online store
InstaForex WebTrader
- 21 time frames (MT4 only has 9)
- Depth of market (Level II pricing) and contract specifications
- MQL5 – the new generation programming language for designing expert advisors and indicators
- Automated quotes archive
- Advanced set of technical tools
- Fill Policy – a new field in the Order window
- Expiry dates for pending orders
- Ready-made trading advisors, indicators and scripts available from the in-built online store
InstaTick Trader
- 21 time frames (MT4 only has 9)
- Depth of market (Level II pricing) and contract specifications
- MQL5 – the new generation programming language for designing expert advisors and indicators
- Automated quotes archive
- Advanced set of technical tools
- Fill Policy – a new field in the Order window
- Expiry dates for pending orders
- Ready-made trading advisors, indicators and scripts available from the in-built online store
Analysis
- Chief Strategist
- Forex Analytical Reviews
- Forex Calendar
- Photo News
- Subscribe to Newsletter
- Actual Patterns
- Pattern Graphix
- Forex TV
- Superior Forex Desk
- Holidays
- Trend line
- Video analytics
- Tick history
Accounts
InstaForex provides an Insta Standard, Insta Eurica, Cent Standard, Cent Eurica and a Demo trading accounts.
Costs
InstaForex offers maximum leverage of 1:1000, spreads and commissions are given based on major currency pairs and minimum deposits is $1 USD. Deposits and withdrawals can be made via various methods including bank card, wire transfer, neteller, skrill, payco and much more. However, the spread offered by this company is extremely disadvantageous. With a four-digit quotation, the usual spread is fixed at 3 pips. The competition often offers even five times lower. The rewards for Instaforex are among the highest on the market, which can reduce the spread by up to half. The company also does not allow you to open or close an existing business.
Bonus
- Welcome Bonus
- InstaForex Club bonus
- InstaForex Coupon Bonuses
Customer Support
InstaForex provides multilingual customer and technical support 24/7 via live chat, email, telephone and telegram.
Media
Regulation
InstaForex is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).
Conclusion
Although InstaForex provides a wide range of services and tools that are suitable and convenient for all types of traders. It also offers support 24 hours a day, 7 days a week, which may seem like a big advantage at first glance, but unfortunately this help is often reluctant or slow to respond.
Unfortunately, this broker has several significant disadvantages, which, despite a few positives, reduce his final rating. A big negative of the company is very high spreads, which in many cases are up to five times higher than the competition. In addition, the Client Relations and Marketing Support Department is located in Kaliningrad (Russia), which does not allow for a personal visit.
