InstaForex is another leading Broker in the Forex currency market, it started offering financial and investment advisory services in 2007 and although it is headquartered in Russia the platform is very famous in the Asian Continent. Their services are available in many countries worldwide, however most of the traders who trade on their platform are from mostly Asian and European nations.
This Broker allows to trade with stock indices, stocks, currency pairs, commodities among other financial instruments, at present there are more than three million investors who make financial operations in their platform and this continues growing day by day, any big or small client who opens an account in InstaForex receives great benefits and opportunities at the moment of making trading in the platform, additionally the attention to the client and the technical support for any inconvenience is available the 24/7 and offer an excellent service to help and to solve any problem that is had in the platform.
InstaForex has a powerful and technological platform that has software of leading companies in the financial market that help to speed up the operations of traders, such companies are: Dow Jones, e-Signal, MetaQuotes Software and Reuters, every person who opens an account in InstaForex will have access to the functions offered by these companies in the Broker. For novice and expert investors also MetaTrader 4 and MetaTrader 5 trading platforms are offered, being one of the first Brokers in the world to offer MT5 when it was launched to the market, which allowed the platform to capture more clients.
As InstaForex indicates on its website, its staff is in charge of regularly reviewing and updating the lists of stock exchange tools, which allows the investor to carry out operations that do not require constant control or presence. This Broker is regulated and authorised 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 in a company incorporated in England and Wales with registration number 10802032.
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Types of accounts offered by InstaForex
InstaForex in its commitment to provide quality service to its customers provides different types of accounts that suit the needs of each person, between the different types of accounts we offer:
- Standard Insta.account: As the name implies, this type of account is for Standard Forex trading and works without any commission, once the trader has access to all the instruments to make his investments, he must pay a fixed spread for each position he has open in the Forex market, the minimum deposit required is one dollar to trade microlots, 100 USD to trade minilotes and 1,000 USD or more to trade standard lots, the maximum deposits in this account are unlimited. Spreads on this account range from 3 to 7 pips and no commissions are charged, the minimum size of each transaction is 0.01 lots and the maximum is 10,000 lots, the maximum leverage is 1:1000.
- Eurica Account: This type of account is very useful because it does not require the payment of any spread when opening a trade, for this type of account most currency instruments do not have a spread because the sales price is usually equal to purchases almost always. Therefore, more than the Standard Eurica account itself, the Eurica is recommended for beginners because it does not take into account the spread in each open position, although beginners are the ones who usually use this type of account, you can also make professional trades with commercial characteristics that do not influence the income you have, the minimum deposit required is one dollar to trade microlots, 100 USD to trade minilotes and 1,000 USD or more to trade standard lots, the maximum deposits in this account are unlimited. The spreads on this account are fixed at 0.0 pips and commissions are charged between 0.03% and 0.07% per standard lot, the minimum size of each transaction is 0.01 lots and the maximum is 10,000 lots, the maximum leverage is 1:1000.
- Standard Cent.account and Eurica Cent.Cent: These two accounts are similar to the two previously mentioned the only difference that they have is the maximum amount allowed per deposit, because it can not be very large because this type of accounts is aimed at those people beyond being beginners still do not know how to make transactions in Forex so these accounts can help people to enter the market and begin to know how to manage, the minimum deposit in these accounts is 1 USD and the maximum is set at 1,000 USD more there can not be. Standard Cent.Eurica account spreads are 0.0 pips and Cent.Eurica account spreads range from 3 to 7 pips, Standard Cent.Eurica does not charge commissions and Cent.Eurica charges 0.03% to 0.07%, the minimum size of each transaction for both accounts is 0.1 lots and the maximum is 10,000 lots, the maximum leverage is 1:1000.
- PAMM trading account: PAMM accounts are relatively new and are offered exclusively to professional traders, so that they can trade both with the personal capital they invest and that of the company. This is a fairly successful method because when funds are invested in investment transactions, account managers are responsible for performing analyses, placing orders and managing each and every transaction.
The maximum leverage is 1:1000 for all account types, if you are from a European country the maximum is restricted from 1:2 to 1:30 depending on the asset being used. Remember to visit the official InstaForex website as the characteristics may vary with respect to time.
How to open an InstaForex account?
Opening an account is very easy, simply go to the InstaForex main page, click on the client’s access and choose the account opening option, after doing this you must accept the terms and conditions and fill out a form that will appear later.
After the account is opened there is a verification process consisting of two levels, the first level is the verification of the user’s identity, you have to send scanned by both parties the national identity document, passport or driver’s license and once approved the first level will proceed to send an invoice, the personal RIF signed and wet stamp where it states that the address entered in the application for account opening is valid, to approve the second level of data verification. When both levels have been approved the first deposit can be made into the account to start trading.
If you want you can also open a demo account before opening a real one to learn how to trade on the platform and familiarize yourself with the forex market to start investing. InstaForex demo account is as intuitive and easy to use to learn Forex trading as the one offered by XM Broker.
Bonds offered by InstaForex
This Broker also offers bonuses for new and regular traders who trade Forex through his platform, these rewards are a way to encourage people to have confidence in themselves to trade. More than with any other Broker using InstaForex you have access to a very wide range of very attractive bonuses which are a good option for anyone, the bonuses they offer are classified into:
- 250% Bonus: This is the highest bonus a person can get on the platform, this bonus can only be earned once after making the first deposit into the account. InstaForex on its page specifies that it is only applicable for those people who make deposits of small sums of money but do not specify how much money they would be talking about.
- 100% bonus for association with LFC: InstaForex is associated with Liverpool Football Club of England, due to this association the Broker has a unique campaign that is available to all new and regular clients, the bonus is credited once the client makes a deposit of up to 2,000 dollars.
- 55% Bonus: The 55% bonus is given to the Trader for each deposit he makes to his account, currently there is no maximum amount of money at the time of making the deposit to receive this bonus, you will not be able to receive the amount of 55% of the deposited amount if the account already has another type of bonus with the platform.
- 30% Bonus: This is similar to the previous one, the only difference is that it can be used in PAMM Accounts.
- InstaForex Club Bonus: Apart from the 30% bonus all clients who have an InstaForex Club Card enjoy additional privileges that other people do not have, such privileges are special bonuses and their size will be based on the amount of money that the Trader deposits in his account.
- Lucky deposit: To receive this bonus the client has to make a deposit greater than 3,000 dollars in his account, the difference this has with the other bonuses is that the prize is random, when the person makes a deposit of the amount above may be lucky and receive an extra bonus ranging from one thousand to ten thousand dollars.
In InstaForex you can trade binary options
With InstaForex you can also trade binary options and make money fast thanks to its versatility, obviously you must have the right experience to do this so it is not recommended that beginners perform this type of trading on the platform. Binary options are a good alternative to make money quickly in Forex, but their risk level is very high so you should be careful when trading with them.
InstaForex clients can trade two types of binary options, the first is defined as Intraday options and the second is called expiration options; both with a minimum transaction size of 1 dollar and a maximum of 1,000 dollars per trade.
It is possible to carry out operations with 72 financial instruments achieving a high profitability in each operation if the option chosen is the right one and each option can be bought one minute before it is activated and cancelled before the three minutes prior to its activation. Essentially whenever you know about binary options the InstaForex Broker platform is an excellent option to be used in that area.
What is the maximum leverage offered by InstaForex?
InstaForex offers a maximum leverage of 1:1000 depending on the amount of money invested in the operation that is made with the Broker, in order to access the maximum leverage offered by this trading platform must be deposited at least one thousand dollars in the account, it should be noted that a leverage of this level is high enough to generate a good profit on the amount of money invested. If you are a resident of a European country the maximum leverage is restricted to 1:30 for any type of account.
Just like in eToro with InstaForex you can copy the best Traders
InstaForex has its own platform called ForexCopy which can be copied to other traders just like the eToro Broker where investors can choose to copy the trades of others to increase their income level. With ForexCopy people can decide which Traders they want to copy and there are no limits on the initial balance sheet of both the trader and the follower.
InstaForex offers contests for its clients
InstaForex offers annual cash prizes as well as objects ranging from one million to two million dollars, today the cash prizes are very varied and there are several contests in which investors can participate to win money also another popular contest is the draw for high-end sports cars of major European brands.
In short, InstaForex is one of the best Brokers who can choose to trade Forex thanks to the variety of financial services it offers and besides that there are bonuses, promotions and contests for their clients to earn as much money as possible.
Risk Warning: Product difficult to understand, the CNMV has determined that it is not suitable for small investors, due to the complexity and high risk involved.
Warning for people in the European Union: CFDs are complex instruments that carry a high risk of losing money quickly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You need to understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: Binary options are not promoted or sold to EEE retail traders. If you are not a professional client, please leave this page.
