InstaForex Review 2019 | Is InstaForex a Scam or Legit Forex Broker?

Read our InstaForex review to find out if InstaForex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
20% Complete (danger)
1.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
InstaForex
InstaForex Overview

InstaForex is an online forex broker that offers “instant forex trading” and online trading services to its customers worldwide. According to its website, the relatively new company has been in business since 2007, and it also claims that 300 new traders open accounts with them every day.

# Broker's Features INSTAFOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review InstaForex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. InstaForex offers Online Financial Trading and Investment Services Such as Currencies.

Tradable Products: InstaTrade Corporation, offering forex, CFDs, and binary options trading as a MetaTrader only broker. In total, 88 CFDs are offered alongside 107 currency pairs.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. InstaForex is No dealing desk.

Features: Hedging and scalping are also allowed at Instaforex financial trading website. Auto signals might be applies, as well as to watch trading videos all the time you are on the page. If you need a more long-lasting practice, join the training course of the broker – it is absolutely free of charge.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. InstaForex recommended minimum capital is $1.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. InstaForex is regulated by BVI. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: With respect to regulation, the company maintains that it holds licenses in Brokerage, Dealing and Capital Management Services from the Russian Federation where it is regulated by the Russian Federation Federal Financial Markets Service. The website also lists four long numbers corresponding to their licenses.

Languages Available: Next lets have a look at each broker's different Language options. InstaForex offers Arabic, Azerbaijani, Chinese, Farsi, French, Georg.

Payment methods: Next lets have a look at each broker's payment options. InstaForex offers Credit Card, Liberty Reserve, Moneybookers, PerfectMoney different payment methods for each account types.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, InstaForex makes MetaTrader 4, MetaTrader 5 available to clients.

Web & Desktop Trading Platforms:
Mobile Trading Platforms: Since InstaForex is a MetaTrader-only broker, iOS and Android versions of the MetaTrader 4 mobile app come standard and are both available for download from the Apple iTunes store and Android Playstore, respectively.

Other

Trader Education
When it comes to market research, InstaForex provides a mixed offering. Highlights include InstaForex's daily market analysis blog posts, technical analysis posts via MT5, and InstaForex TV, InstaForex's video offering, which, on average, produces four to six forex news videos each day. Interviews, weekly reviews, and other educational videos are also available.

Promotions
Many incentives. One such incentive is the opportunity to win a Lotus Elise sports car and a cash bonus when opening a new account.

Support
Customer support services are the extra factor that makes a broker`s environment safe and convenient for the audience. Here, at Instaforex, you can enjoy a wonderful support for any case by the kind and polite representatives, who are available for you 24/7. You can contact them via phone call, e-mail or through the brand new contemporary live web chat. These are the languages you are free to use in your communication with Instaforex customer support representatives: Malay, Indonesian, Russian, Arabic and English.

Recup
Apparently, InstaForex is just one more highly questionable forex broker which takes advantage of the lack of regulation in the forex market, as well as people’s reluctance to go to the trouble of getting their money back.

Final Thoughts
Unless you have a burning desire to get into hassles with your money, or are a glutton for other forms of possible forex fraud punishment, avoid opening a live account with this company. Many other more reputable online forex brokers offer better service and more effective regulation, and so you would be much better off dealing forex through them instead.

Trading Experience
Despite being in business since 2007 and offering a website that is well designed and full of advertising sponsorships.

People Also Asked

Is InstaForex regulated?
Yes, InstaForex is regulated by top-tier regulators, BVI inclusive.
Where is InstaForex based?
InstaForex is based in Russian Federation
How does InstaForex make money?
InstaForex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in InstaForex account?
With InstaForex you can deposit money via the following means; Credit Card, Liberty Reserve, Moneybookers, PerfectMoney.
How do I withdrawal in InstaForex account?
InstaForex lets you request a withdrawal of funds from your account via the following means; Credit Card, Liberty Reserve, Moneybookers, Perfec.
What is the minimum deposit for InstaForex?
InstaForex has $1 minimum deposit.
What are the available account base currencies with InstaForex?
InstaForex trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in InstaForex?
InstaForex has a maximum leverage is 1:1000 for professional traders.
How do I open an account with InstaForex?
Opening an account with InstaForex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does InstaForex use MetaTrader?
InstaForex platforms: Yes, InstaForex use MetaTrader as well as the following platforms: MetaTrader 4, MetaTrader 5
What type of broker is InstaForex?
InstaForex appears to be a No dealing desk broker which offers market access to a variety of traders.
Does InstaForex accept US clients?
No
Does InstaForex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with InstaForex: You can trade a wide variety of instruments with InstaForex: Currencies