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InstaForex Review

InstaForex Review

InstaForex is an international brokerage brand, and the companies united under this brand offer forex and CFD trading, providing great all-round service to customers the number of which amount to an impressive seven million. Being one of the best-known and fast-growing international brands, InstaForex has built up a fine reputation with several high-profile sponsorships.

The companies operating under the InstaForex trade name are fully regulated and licensed to provide online trading services worldwide and in the European Union in particular. InstaForex would be an excellent fit for traders of all shapes and sizes.

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

InstaForex Company Details

InstaForex first appeared on the financial services scene in 2007. Over the years, the brand has only grown and expanded to have over 260 different representative offices and locations worldwide.

Where the brand made a real push to get its name out there with high-profile sponsorships through a range of different sports teams and athletic personalities such as Borussia Dortmund, Ole Einar Bjørndalen, Daria Kasatkina, Ales Loprais, Vladimír Moravčík, HKM Zvolen, and others.

One of the InstaForex brand members is Instant Trading EU LTD. This company caters individually to the EU market with its headquarters in Cyprus. InstaForex EU is regulated by the CySEC and fully compliant with European legislation.

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

Trading Platform

While many online brokers and services offer their own proprietary version of trading platforms, InstaForex has gone the old school route by only offering MetaTrader 4 as their platform of choice.

The MetaTrader 4 download is quick and simple, however. Besides, InstaForex provides its self-developed plugins such as One Click Trading and Superior Forex Desk.

For traders who enjoy the style, infrastructure, and familiarity of MT4, the fact that InstaForex uses this platform could be a significant bonus. There is also the Client Cabinet that adds some flexibility.

As a well-invested, carefully designed, and robust trading system, MT4 does practically everything a trader could want.


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 for traders.

What is more, the broker treats its customers to an even wider range of instruments, giving access to trading stocks, commodities, indices, and cryptocurrencies in a form of contracts for difference (CFDs).

instaforex mt4 trading platform

Spreads & Commission

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

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

In basic terms, the platform offers two distinct account types: Standard and Eurica. The main difference between these accounts is the method: Standard accounts use fixed spreads starting from 2 pips, while Eurica accounts use fixed commissions starting from 0.02%.

Other account types like ECN, ECN Pro, and Scalping accounts are offered to EU customers, which keep a floating spread of 0.8 or 1.2 pips.

Realistically, for the majority of traders starting out it makes more sense to go on commission as opposed to spread, to ensure the best possible outcome and fewer fees.

But with so much choice and so many options, it’s easy to find a solution that works for you.


One of the benefits of choosing InstaForex for online trading is the sensible leverage availability.

The maximum available leverage is 1:30 which reflects EU regulation on forex trading for retail clients.

Mobile Apps

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

InstaForex customers can trade on their mobile devices on the InstaForex MobileTrader app, available on Google Play and iOS App Store.

This app has been very well received and highly rated by traders.

Additionally, InstaForex offers 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 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. The available payment methods include:

  • Bank cards
  • Bank wire transfers
  • MoneyBookers/Skrill
  • Neteller
  • Sofort
  • Bitcoin via Skrill
  • B2BinPay.

All payments are processed within the nearest working day.

With such a wide selection of payment methods on offer, there’s something to suit traders from all over the world.

Demo Account

InstaForex gives free access to demo accounts to allow new or rusty traders to hone their skills and get to grips with the MT4 system in general.

The demo account comes stocked with virtual money, allowing you to get a good idea of what real-life trading through this system might look and feel like.

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

Deals and 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.

However, international traders who register at instaforex.com can access a range of different monthly promotions as well as club and deposit bonuses upon signing up.
Terms and conditions will apply and should be read thoroughly to ensure they do not impact your trading style or choices.

Regulation and Licensing

InstaForex is an international brand, and EU clients are serviced by the brand’s member Instant Trading EU Ltd. This company is incorporated in Cyprus and regulated by the CySEC, license number 266/15.

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 eligible clients can get a compensation of up to 20,000 EUR in case of insolvency. From a regulatory point of view, InstaForex ticks all the boxes.

Additional Features

As a platform that utilizes existing industry technology, named MT4, there aren’t that many additional features to talk about for InstaForex.

Copy Trading

One feature that is becoming commonplace in the industry is the use of social trading. InstaForex provides its version of a social trading platform which is called ForexCopy.

This system allows traders the chance to offer strategies, as well as allow others to profit off commission within the platform.

For experts at trading, this is a big bonus and one that shouldn’t be understated when it comes to professionals looking to try out a different broker.

For beginners, copy trading through the ForexCopy system can be a good start to their trading career, as they can see the deals copied to their accounts, thus watching how more experienced traders work.

Other brokers that offer Copytrading services that you can try are HotForex, eToro, and ZuluTrade.

Account Types

InstaForex offers as many as five different account types, promoting diversity and offering a tailored experience to traders.

These accounts are as follows:


The typical account for the vast majority of traders, Standard accounts provide all the base features the average user could want or need, with the added benefit of being able to change their leverage and deposit size.

Currencies for this account are in EUR, USD, and GBP, and there are no limits attached to what you can deposit.


With no spreads required, the Eurica account is also a good alternative for traders just starting out. The fixed fees apply to all trades.

The currency is again in EUR, USD, and GBP, and there’s no limit for deposit at all.


With access to all trading functionalities and no commission required, ECN accounts are designed for the next level of trader, with a higher degree of flexibility in-market execution.

Currencies remain the same minus GBP, but the minimum deposit for this kind of account is 100 EUR.


ECN Pro boasts almost the same features as an ECN account. The minimum deposit of 1,000 EUR makes this account type, not for the fair-weather trader.

In terms of execution type, this account utilizes market execution instead of instant performance, the same as the ECN account.

The difference here is a reduced floating spread starting from 0.8 pips, to encourage higher-investment traders to give the platform a go.


Floating spreads, no commission trading and more make the Scalping account attractive to old-school traders that aren’t so keen on the newer methods.

Utilizing short-term deals and quick strategy, this account is one for a specific subset of traders, but it is nonetheless valuable.

***terms and conditions apply

Instaforex multiterminal for operating multiple accounts


As a well-established forex trading platform, the benefits of trying InstaForex 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 before you buy.

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

Not to mention that, for newbies, there are plenty of tutorials in this system available online.

The wide selection of trades on offer also adds to the appeal of this system, as well as the full regulation worldwide – 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.


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

Because InstaForex hasn’t chosen to create their own proprietary system, the end result is less on-brand and polished – something many traders look for in platforms today.

Not to mention, the lack of adequate and powerful plugins for MT4 means you’re getting the basic experience, with none of the exceptional functionality of more tooled-up models.

Trading Hours

InstaForex offers trading round the clock with the exception of weekends and rare general public holidays.

Contact Details / Customer Support

InstaForex offers an online form to get in contact with their team for support reasons.

In addition, details are provided for a wealth of technical support options which can be selected on their website for anything from WhatsApp to Telegram, Viber to Skype.

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 and 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.

Overall Verdict

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

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 different types of traders – from old hands to beginners.

Accepted Countries

InstaForex only accepts traders from the United Kingdom, Ireland, Switzerland, France, Italy, Germany, Denmark, Norway, Sweden, Poland, Spain, Portugal, Greece, Cyprus, and Austria.

Visit InstaForexInstaForex provides Forex, CFDs, Stock, and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.

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