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InstaForex
BulletProof Rating
Overall Star Ratings:
Overall Rating : (4.77/5)
InstaForex
InstaForex is a trading brokerage. Insta Forex uses the MT4 and MT5 trading platforms.
- Demo Account: YES
- Minimum Initial Deposit: $1
- Regulation: CySec, BVI, SVGFSA
- Leverage: 1:1000
- Assets Covered: Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, CFDs
- Trading platform: Web, mobile
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
- 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
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
- Skype
- Facebook Messenger
- Viber
- Telegram
