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InstaForex Review

FX Author By Jeffrey Cammack Author Information Updated: May 12, 2020
Overall Rating
3.32 3.32 / 5
Min. Deposit USD 150
Max. Leverage 1000:1
Min. Spread 0.0 pips
Regulators CySEC,B.V.I FSC
Regulator Origin CySEC B.V.I FSC
Trading Desk Type

Summary

InstaForex is an award-winning broker offering a wide variety of account types with good trading conditions and a copy-trading service. With three market execution accounts, one specifically built for scalping, and two instant execution accounts with no minimum deposit, InstaForex will appeal to beginner traders and more experienced scalpers.

The market analysis and education sections feature regularly updated content for traders of all experience levels and MT4 is fully supported via download and webtrader.

Reviews

Regulation 1110.50
Trading Conditions 11000
Trading Platforms 11110
Deposit & Withdrawal 11110
Education & Research 11100
Assets Available 1110.50
Customer Service 11110
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum Deposit USD 150
Base currencies USD, EUR, GBP, AUD
Number of FX Pairs 110
Hedging Allowed No
Scalping No
Islamic Account Yes

Average Spreads

EUR / USD
GBP / USD
USD / JPY

Company Details

Company name InstaForex Group
Founded 2007
Website www.instaforex.com
Type ECN/DMA
Regulators CySEC,B.V.I FSC
Office locations Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine

Deposit & Withdrawal Methods

Supported Platforms for InstaForex

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.32 / 5 1110.50 3.24 / 5 1110.50 3.53 / 5
Minimum Deposit USD 150 AUD 500 USD 5
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
B.V.I FSC B.V.I FSC
Trading Desk Type
Trading Instruments Commodities, Forex, Equities Commodities, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, Spread Betting
Forex Pairs 110 48 53
Crypto Pairs 2 5
Pros
  • Wide range of assets
  • Copy trading accounts
  • Good range of accounts
  • Wide range of assets
  • Innovative trading tools
  • Wide range of assets
  • Low minimum deposit
Cons
  • Limited market analysis
  • Limited education
  • Wide spreads
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
  • Expensive withdrawals
  • Limited education
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 1110.50 3.5 / 5 11110 4 / 5
Trading Conditions 11000 2 / 5 11000 2 / 5 11100 3 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110 4 / 5 11110.5 4.5 / 5 10000 1 / 5
Education & Research 11100 3 / 5 10.5000 1.5 / 5 11100 3 / 5
Assets Available 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11100 3 / 5 11110 4 / 5
% Lose with this broker 62.8% of retail investor accounts lose money when trading CFDs with this provider 63.04% of retail investor accounts lose money when trading CFDs with this provider 80.95% of retail investor accounts lose money when trading CFDs with this provider
Leverage 1000:1 400:1 1000:1
Spread 0.0 pips 3.0 pips 0.0 pips
Hedging No No Yes
Scalping No No Yes
Account Types
  • Islamic
  • VIP (Vip)
  • VIP Variable (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 MT4 , Sirix MT4 , Sirix
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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InstaForex

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Overall Rating 1110.50 3.32 / 5 1110.50 3.24 / 5 1110.50 3.53 / 5
Minimum Deposit USD 150 AUD 500 USD 5
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
B.V.I FSC B.V.I FSC
Trading Desk Type
Trading Instruments Commodities, Forex, Equities Commodities, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Equities, Spread Betting
Forex Pairs 110 48 53
Crypto Pairs 2 5
Pros
  • Wide range of assets
  • Copy trading accounts
  • Good range of accounts
  • Wide range of assets
  • Innovative trading tools
  • Wide range of assets
  • Low minimum deposit
Cons
  • Limited market analysis
  • Limited education
  • Wide spreads
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
  • Expensive withdrawals
  • Limited education
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 1110.50 3.5 / 5 11110 4 / 5
Trading Conditions 11000 2 / 5 11000 2 / 5 11100 3 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110 4 / 5 11110.5 4.5 / 5 10000 1 / 5
Education & Research 11100 3 / 5 10.5000 1.5 / 5 11100 3 / 5
Assets Available 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11100 3 / 5 11110 4 / 5
% Lose with this broker 62.8% of retail investor accounts lose money when trading CFDs with this provider 63.04% of retail investor accounts lose money when trading CFDs with this provider 80.95% of retail investor accounts lose money when trading CFDs with this provider
Leverage 1000:1 400:1 1000:1
Spread 0.0 pips 3.0 pips 0.0 pips
Hedging No No Yes
Scalping No No Yes
Account Types
  • Islamic
  • VIP (Vip)
  • VIP Variable (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 MT4 , Sirix MT4 , Sirix
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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