InstaForex review

InstaForex Broker Review

REVIEWS

2020-05-26 12:15:00

InstaForex home page leaves a positive impression. Simple, detailed and very high-quality presentation of information, localization in 27 languages. The InstaForex brand is registered as a trademark and is a group of companies with more than 260 representative offices around the world.

InstaForex broker review

Registration

It is not difficult to register - this can be done through opening a trading account. You must enter the full name, your email, indicate the phone number and country, agree with the rules. Next, the client is offered to go to the client’s office. But some functions of the account will be limited, since for full work it is necessary to fill in personal data and go through two levels of verification.

 

Deposit and withdrawal

You can replenish your account for free, while using a wide selection of payment systems: bank currency transfer, payment card, Skrill, payment terminals, cryptocurrencies bitcoin, litecoin, as well as cash. It will be possible to withdraw from the trading account only when using the same payment system with which the deposit was made. Withdrawal fees will vary depending on the selected payment system.

 

Trading conditions

InstaForex offers a wide range of bonuses for attracting new customers and stimulating old ones, for example, for the first replenishment you can get a 100% bonus, and for each replenishment from 30 to 55%. In addition, the company has its own forum where you can read reviews, receive a trading bonus for your communication.

Instaforex offers traders several options for trading accounts: Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica. Trading on Insta.Standard and Cent.Standard will be carried out with a fixed spread of 3-7 pips per trade, and on Insta.Eurica and Cent.Eurica - with a floating commission of 0.03% -0.07% and a zero spread. The company can trade with leverage up to 1000, with Stop Out 10%, Margin Call 30%. Each type of account has its own list of trading instruments: 107 currency pairs, 88 CFD contracts, gold, silver and futures CFDs. If the client intends to keep funds in the account and actively trade, then he will be charged 13% per annum, for inactive accounts 6% is offered.

 

Trading interface

After registration, the trader immediately receives a username and password, but it is worth paying attention that the data is suitable only for the MetaTrader 4 trading platform. In addition to MT4, the trader is invited to use the InstaBinary and WebIFX platforms. It is also possible to trade through a browser and download the platform for Iphone, Ipad and Android. For beginners, you can download a demo program and use a lot of training materials. In addition to Forex trading, the company offers options trading, and forexcopy-system and PAMM-system for investors.

The broker test was performed through the MT4 terminal with the Insta.Standard trading account in RUB. In general, trading in the company can be characterized positively, but it is worth noting the overestimated spreads compared to competitors, episodic freezes of the terminal and requotes for news releases.

 

Safety and scam protection

The company’s website indicates that the services are provided by the InstaForex group of companies, but CIS trading is represented by Instant Trading Ltd, which is registered in the Virgin Islands and licensed by BVI FSC, license No. SIBA / L / 14/1082.

You can only enter your account using your account number and password, but then you can configure protection through two-factor authorization, connect SMS protection and control the list of IP addresses that were used to enter your account and for authorization when withdrawing funds.

InstaForex broker review

Tech support

You can contact Support InstaForex using the feedback system on the site, online chat, or request a call back. The company also has a round-the-clock Call-center, where you can call for free. Offline offices operate in many countries of the world where you can get advice in person. Checking the response speed of the support service, we wrote a letter using the ticket system and received a response within 30 minutes.

 

Conclusion

Instaforex website looks cool, the interface is convenient and detailed. Security is at the proper level, except that the broker is registered in the offshore, but the company has been operating for a long time, and there is no reason to consider it unreliable or fraud. This is not to say that the broker stands out for its trading conditions among competitors: high spreads, periodic platform freezes, requotes. All this does not add the advantages of the company. But newcomers are attracted mainly by a wide selection of bonus promotions and materials for beginners.

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Damian

Damian

Author

I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....

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