InstaForex

BulletProof Rating

Overall Star Ratings:

4.8/5

Overall Rating :  (4.77/5)

InstaForex

InstaForex is a trading brokerage. Insta Forex uses the MT4 and MT5 trading platforms. 

XM Parent Company is Trading Point Holdings which was founded in 2009.

Review

Countries not supported by InstaForex

USA and some third world countries due to strict regulations.

Who is the Product Recommended for?

InstaForex is recommended for all types of traders, from beginners to experienced traders. InstaForex has one of the most accommodating account opening process perfect. InstaForex offers a lot of flexibility on various trading strategies for both beginners and experienced traders alike. 

Source: (InstaForex Youtube Channel)

Regulated by:

CySec – Cyprus Securties and Exchange Commission

BVI FSC- British Virgin Islands Financial Services Commission  

SVGFSA – Financial Service Authority Saint Vincent and the Grenadines

Account Types:

Demo Account

  • Virtual funds are provided to test trading strategies 

Insta-Standard Training Account

  • No fees, classical spreads
  • Allows you to change trading leverage
  • Minimum depost of $1-10 usd
  • Minimum trade volume of 0.0001
  • Has a maximum deposit amount so that beginners do not risk too much from trading

Insta-Eurica Trading Account

  • Does not require any spreads to be paid at opening trade
  • Minimum deposit $1, no maximum deposit limit
  • Fees range from 0.03% to 0.07%
  • the smallest  trade amount is 0.01 of the lot, and 10,000 maximum
  • Can chose leverage from 1:1 to 1:1000
 
ECN Trading Account
  • No commissions, only spreads
  • Access to all trading instruments
  • Option to pay a free-range per deal at 1.2 pips average
  • During market execution,  the deals are opened and closed in any case
  • Micro Forex mode with a margin  from $1 to $10 usd
  • Mini Forex mode with a margin from $100 usd
  • Standard Forex mode with a margin of $1000 usd

ECN Pro Trading Account

  • Recommended for experienced traders
  • Minimum deposit required 1,000 eur
  • Access to all trading instruments, and traders pay a floating spread per deal of 0.8 pips

Scalping Trading Account

  • Commission free trading
  • Comprising market execution
  • Floating spreads
  • Perfect for short-term trading, as it automatically closes once a small profit is achieved

Account Opening:

To register for an InstaForex account you need to accept the terms and conditions on their Public Offer Agreement, and fill in a registration form. After completing all the fields you will receive an email with all the necessary details of your account (trading account number and password, phone password, and pin code for withdrawal requests). After registration you can deposit a minimum of $1 and start trading. Instaforex will then give you an opening account bonus equal to 30% of your initial deposit.

Account Verification

Although account verification is not a requirement in the initial sign-up process, you get to enjoy additional features by verifying your account. Different countries have different documents they can submit, but what we will cover here are the basics. There are two stages to the process.

Stage 1: Submit any of the following documents

  • Passport
  • Driving license
  • Valid ID card
After being verified for stage one, you can then proceed to stage 2

Stage 2:

  • any of the documents in stage 1 except for the one you already submitted
  • Bank statement with account name and address
  • Utility bill

Markets and Products:

Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, CFDs

Deposits and Withdrawals:

No deposit and withdrawal fees. Will even reimburse you for deposit costs. Withdrawal fees vary depending on payment method. (Note: any amount reimbursed by InstraForex will be re-incurred back to you in the event that you fail to meet any of the required conditions, like zero trading activity or illegal trading.)

Payment Methods:

  • Bank Transfers – some fees my apply, processed within 24 hours
  • Credit/ Debit Cards – some fees my apply, processed within 24 hours
  • PayCo – no fees, instant deposit
  • Skrill – no fees, 24 hour process
  • E-Payments – no fees, 24 hour process
  • Neteller – no fees, instant deposit
  • UnionPay – no fees, exclusive to Chinese residents
  • WeChat – no fees, direct deposit
  • AliPay – no fees, instant deposit
  • ZotaPay – no fees, instant deposit
  • Carta Bleue – no fees, exclusive to France residents
  • CartaSi – no fees, exclusive to Italian residents
  • Dankort – no fees, exclusive to Denmark residents

Education:

InstaForex provides many resources to familiarize yourself with trading online available on multiple languages:

  • Education courses
  • Videos
  • Webinars
  • Seminars
  • InstaForex TV
  • Research Tools and analysis

Cryptocurrency:

Bitcoin, Bitcoin cash, Ripple, Litecoin, Ethereum

Mobile Trading:

Instaforex is available on IOS and Android. Receive important updates, trade assets, watch market movements, read news and articles, all at the convenience of your fingertips.

Customer Service:

Instaforex places great importance on customer support and offers a number of ways to contact them.

  •  Phone
  • Live help on their website
  • FAQs
  • Live chats
  • E-mail
  • Skype
  • Facebook Messenger 
  • Viber
  • WhatsApp
  • Telegram
 
 

BulletProof Rating

Category

Rating

Star Rating

1. Account and Opening

4.9

4.9/5

2.Commission and Fees

4.7

4.7/5

3. Deposits and Withdrawals

4.9

4.9/5

4. Customer Service

4.7

4.7/5

5. Education

4.8

4.8/5

6. Mobile Trading

4.6

4.6/5

Overall Rating

4.77

4.8/5

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