This Broker allows trading with stock indices, stocks, currency pairs, commodities, among other financial instruments. Currently, they have more than three million investors conducting financial operations on their platform, and this number keeps growing day by day. Any client, whether big or small, who opens an account with InstaForex receives significant benefits and opportunities when trading on the platform. Additionally, customer support and technical assistance are available 24/7 to provide excellent service in helping to resolve any issues on the platform.
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What is InstaForex?
InstaForex is a leading Forex market Broker. It began offering financial advisory and investment services in 2007. Although it has its main headquarters in Russia, the platform is very famous in the Asian continent. Their services are available in many countries worldwide. However, most of the Traders operating on their platform are from mostly Asian and European nations.
InstaForex has a powerful and technological platform that is very intuitive for clients, making it easy for anyone to quickly become familiar with it. This, in turn, helps expedite the operations of traders through their investment platform.
For novice and expert investors, the MetaTrader 4 and MetaTrader 5 trading platforms are also available. InstaForex was one of the first brokers worldwide to offer MT5 when it was launched, which allowed the platform to attract more customers.
According to InstaForex on their website, their staff regularly reviews and updates the lists of financial tools. This allows investors to carry out operations that do not require constant monitoring or presence.
Is InstaForex Regulated?
This Broker is regulated and authorized by several companies, to be more specific, by CYSEC with license number 266/15, FCA (UK) with reference number 728735, by BVI FSC with license number SIBA/L/14/1082, by FSC Saint Vincent with registration number IBC22945, and is also registered as InstaForex IT UK Ltd, a company incorporated in England and Wales with registration number 10802032.
What are the types of accounts offered by InstaForex?
InstaForex, in its commitment to providing quality service to its clients, offers different types of accounts that cater to the needs of each individual. Among the different types of accounts they offer are:
1. Insta.Standard Account
This account is for standard operations in the Forex market. It functions without any commissions. Once the trader has access to all the instruments for their investments, they must pay a fixed spread for each open position in the Forex market. The minimum deposit required is one dollar for trading with micro-lots, 100 USD for trading with mini-lots, and 1,000 USD or more for standard lots. There are no limits on deposits in this account. Spreads range from 3 to 7 pips, and no additional commissions are charged. The minimum size for each transaction is 0.01 lots, with a maximum of 10,000 lots. The maximum leverage is 1:1000.
2. Insta.Eurica Account
This type of account is very useful as it does not require payment of any spread when opening a trade. For this type of account, most currency instruments do not have a spread because the selling price is usually the same as the buying price. More than the standard account, Eurica is recommended for beginners because it does not take the spread into account for each open position, but it does charge commissions.
Although beginners often use this type of account, professional trading with commercial features that do not affect earnings can also be done. The minimum deposit required is one dollar for trading with micro-lots, 100 USD for trading with mini-lots, and 1,000 USD or more for standard lots. There are no limits on deposits in this account. Spreads in this account are 0 pips, and commissions are charged between 0.03% and 0.07% per standard lot. The minimum size for each transaction is 0.01 lots, with a maximum of 10,000 lots. The maximum leverage is 1:1000.
3. Cent.Standard and Cent.Eurica Accounts
These two accounts are similar to the two mentioned earlier. The only difference is the maximum deposit allowed, which cannot be very large because these accounts are aimed at people who, beyond being beginners, do not yet know how to trade in the Forex market. These accounts can help people get into the market and start learning how it works. The minimum deposit in these accounts is 1 USD, and the maximum is set at 1,000 USD; beyond that, it is not allowed. Spreads range from 3 to 7 pips in the Cent.Standard Account, and those in the Cent.Eurica Account are 0 pips. Cent.Standard does not charge commissions, and Cent.Eurica charges commissions between 0.03% and 0.07%. The minimum size for each transaction for both accounts is 0.1 lots, with a maximum of 10,000 lots. The maximum leverage is 1:1000.
4. PAMM Trading Account
PAMM accounts are relatively new and are exclusively designed for professional traders. They can trade with both their personal capital and that of the company. This is a fairly successful method, as when funds are invested in investment operations, account managers are responsible for conducting analyses, placing orders, and managing each and every operation.
Maximum Leverage at InstaForex
InstaForex offers a maximum leverage of 1:1000, depending on the amount of money invested in the operation. To access the maximum leverage, you must deposit at least one thousand dollars into the account. If you are a resident of a European country, the maximum leverage is restricted to 1:30 for any type of account.
How to Open an Account with InstaForex
Opening an account with InstaForex is simple. Go to the InstaForex homepage. Click on “customer access” and choose the account opening option. Accept the terms and conditions and fill out a form that will appear afterward.
Once the account is opened, you must go through a verification process consisting of two levels. The first level is the user’s identity verification. You must submit a scanned national identity document, passport, or driver’s license. Once the first level is approved, a bill, the personally signed RIF, and a wet seal, stating that the address entered in the account opening request is valid, must be sent to approve the second level of data verification. When both levels have been approved, you can make the initial deposit into the account to start trading.
If you wish, you can open a demo account before a real one to learn how to operate on the platform and get familiar with the forex market before you start investing. The demo account at InstaForex is as intuitive and easy to use as the one offered by Broker XM.
InstaForex also offers bonuses to new and regular Traders operating in Forex through their platform. These rewards are a way to encourage people to have confidence in themselves to trade. By using InstaForex, you have access to a wide range of attractive bonuses, classified into:
1. 250% Bonus
This is the largest bonus a person can get on the platform. It can be obtained once after making the first deposit into the account. InstaForex specifies that it is only applicable to those who make deposits of small amounts of money, although it does not specify the exact amount.
2. 100% Bonus in association with LFC:
InstaForex is associated with the Liverpool Football Club in England. Due to this partnership, the Broker has a unique campaign available to all customers, both new and regular. The bonus is credited once the customer makes a deposit of up to 2,000 dollars.
3. 55% Bonus and 30% Bonus
These are awarded to the Trader for every deposit made into their account. There is no limit to the amount of money deposited to receive this bonus. You cannot receive the 55% or 30% amount of the deposited sum if the account already has another type of bonus with the platform.
4. InstaForex Club Bonus
Customers with an InstaForex Club card enjoy additional privileges. These privileges are special bonuses, the size of which varies depending on the amount of money the Trader deposits into their account.
5. Lucky Deposit Bonus
To receive this bonus, the customer must make a deposit of over 3,000 dollars into their account. The difference with the other bonuses is that this prize is random. When a person makes a deposit of the specified amount, they can be lucky and receive an extra bonus ranging from one thousand to ten thousand dollars.
Binary Options at InstaForex
InstaForex no longer offers the possibility of trading binary options. Previously, InstaForex customers could carry out binary options trades for quick profits, although this required the appropriate experience due to the high level of associated risk.
Binary options at InstaForex were divided into two types: Intraday options and Expiry options, with a minimum transaction size of 1 dollar and a maximum of 1,000 dollars per trade.
Traders could acquire them one minute before activation and cancel them up to three minutes before activation. It is important to note that, as of 2019, this feature is no longer available on the InstaForex platform. Therefore, traders interested in binary options should look for other alternatives.
InstaForex Commissions and Spreads
Spreads and commissions at InstaForex vary depending on the type of account you use. Insta.Standard accounts have fixed spreads starting from 3 pips. On the other hand, Insta.Eurica accounts have no spreads but charge commissions ranging from 0.03% to 0.07% per lot. In the case of Cent.Standard and Cent.Eurica accounts, the spreads are the same as in the Standard and Eurica accounts. PAMM accounts have spreads ranging from 1 pip.
Deposit and Withdrawal Methods
InstaForex offers a wide variety of deposit and withdrawal methods to meet the needs of its customers. Some of the available deposit methods include bank transfer, credit and debit cards, Skrill, Neteller, Bitcoin, and more. Withdrawals are usually processed within 24 hours.
Invest in Stocks with InstaForex
Did you know that InstaForex is also very popular for trading stocks? Beyond the forex market investment services, this broker allows you to trade shares of the world’s most popular companies. Additionally, you can trade other products like Binary Options, CFDs, and Cryptocurrencies on this platform.
Stock investments are part of the oldest range of operations, as most investors trade them. While forex investments are popular, stock investments are equally in high demand. InstaForex is a broker that doesn’t miss any opportunities, so it offers its clients trading in these products to attract more people to its investment platform.
Why is Stock Trading Ideal?
Leverage used in stock trading is quite limited, which, in turn, reduces the risks associated with financial operations. Of course, you can lose money, but with less chance of it being on a large scale since losing money at 1:10 leverage is not the same as losing money at 1:1000 leverage.
While forex trading requires taking into account macroeconomic market factors for analysis before making investments, when trading stocks, analyses must consider how the company on which you will invest is quoted. In this regard, the company owning the shares is considered. This makes the analysis somewhat simpler and easier compared to the analysis done for investments in forex.
InstaForex prides itself on its customer support service. They offer 24/7 support through live chat, email, and phone. They also provide a wide range of educational resources, including webinars, instructional videos, and market analysis.
InstaForex takes the security of its clients’ funds very seriously. They use encryption technology to protect users’ financial and personal information. Furthermore, they are regulated by several financial authorities, providing an additional layer of security.
Overall, InstaForex is a well-established broker in the forex market and offers a wide range of services and options for traders. However, like any investment, it is important to conduct thorough research and understand the risks before trading in the forex market. Make sure to comply with the financial regulations of your country before opening an account with InstaForex or any other broker.