Instaforex web trading review - Table of contents
Instaforex Company information
Forex trading opens up a world of opportunities and InstaForex is a great place to start. The company is a trusted broker that offers the easiest way to trade using the most innovative and optimized web trading platforms.
The broker was founded in 2007 and over the years has grown and expanded to over 260 offices in different locations globally. The brand is a big sponsor of sports events and teams.
What is Web Trading
Let’s get one important term out of the way before moving on to this InstaForex review – that is web trading. Trading online takes place on specialized online forex web trading platforms provided by the brokers.
Traders can log into the web trader solution and get access to the financial markets and instruments on offer. The forex web trading platform can be web-based, mobile, downloadable, or directly accessible online, or a combination of these. The web trading platform also features different functionality to help users with their trade for example calendars, graphs, etc.
Instaforex Web Trading Platform
InstaForex has the online trading platform to fit every trader need here is what users can choose from:
A very popular online trading platform, this is a good choice for any broker. It is packed with an array of features such as tools for technical analysis, automated trading, position locking, access to free indicators, and more.
This is known as the improved version build on MT4. It still has a lot of the same features but also some new functionality – 21 timeframes, advanced technical tools, MQL5, etc. Both MT4 and 5 are compatible with tablets and mobile devices, as well as laptops and desktop apps for Windows.
This platform allows users to use several InstaForex accounts at once. The option may come in handy especially when it comes to forex account managers and traders who are managing client accounts. The platform is available for PC and can be installed directly on the device.
InstaForex Web Trader
The web trading platform has been developed by the forex broker for their clients. Traders take place directly in the web browser so no downloads or extra applications are needed. It has charts, three interface layouts, an array of analytics tools, etc.
InstaTick Trader Platform
An innovative solution designed for tick trades. It has a lot of exciting features like profit booster, 6-digit quotes, etc. The platform can be accessed from a web browser, no download is needed, it is simple and user-friendly.
Instaforex Markets and Products
InstaForex, as the name suggests is an online forex broker that offers different assets in addition to their forex products. Traders will find over 100 foreign currency trading pairs which mean they have options to diversify their portfolio.
Plus, the broker has a wide range of instruments to trade with including commodities, indices, stocks, CFDs, and cryptocurrencies.
Instaforex Spreads & Fees
Just like other brokers in the industry InstaForex utilizes commissions and spreads for their platform. They vary depending on the chosen account. InstaForex offers different account types but the two basic ones are Standard and Eurica, the first one has a fixed spread starting from 2 pips, while the second one has a fixed commission starting from 0.02%. The other accounts – ECN, Scalping, and ECN Pro offer a floating spread of 0.8 to 1.2 pips for their EU traders.
The best scenario for a new web trader is to start with a commission instead of a spread, to ensure less risk and fewer fees. With so many options with this broker, it's easy to find a solution that best meets your needs.
This broker offers sensible leverage availability. The maximum is 1:30 for EU forex trading for retail traders.
Instaforex Trading Accounts
This broker offers a variety of account types which ensures a tailored experience to traders. These are the following accounts:
With this account, traders get access to all the base features they need, with the bonus of being able to change their deposit size and leverage. The account can be in EUR, GBP, and USD and there is no deposit limit.
This account is a good option for all beginner traders. There are fixed fees for all trades and the currencies are the same as with the Standard as well as the no-deposit limit rule.
The ECN accounts are for more professional traders because they give a higher degree of flexibility when it comes to market execution. The same currencies apply without the GBP option but there is a minimum deposit of 100 EUR.
This account has almost the same features as the previous one but the minimum deposit is 1000 EUR. Instead of instant performance, this account utilizes market execution. The difference is a reduced spread designed especially for higher-investment traders.
Professional traders that are not fans of the newest methods will like this account because it has no commissions and the spreads are floating. With its quick strategy and short-term deals, this account type is specific but still valuable.
Instaforex Deals and Promotions
Since the broker is regulated in the EU there are no deals and promotions available for the EU-based traders. This means there is no welcome or forex bonus.
However, there are monthly promotions for international traders who can also enjoy a forex bonus upon sign up. Before signing up make sure to get familiar with the terms and conditions.
Instaforex Deposits and Withdrawals
The good news with this broker is that traders can find a great variety of deposit and withdrawal methods that work well anywhere in the world. The deposits are zero commission while the withdrawals are charged with a fee automatically.
The payment methods available include bank transfers, cards, Skrill, Money Bookers, Neteller, Sofort, Bitcoin, and B2Bin Pay.
All the payments are processed within a working day. With InstaForex, there is a payment method to suit every need.
Instaforex Demo Account
Another positive thing about this broker is the access to demo accounts. This allows traders to improve their skills with the trading platforms without risking their funds.
They can trade with virtual money and test real-life trading scenarios directly in the system. The demo forex account is also a nice way to understand the different functions of the system. It can be used for foreign currency trading or other operations.
The demo account is a good starting place for both beginners and pro traders that have been out of the game for a while.
Instaforex Crypto Trading
At InstaForex, you can buy and sell different cryptocurrencies like Bitcoin for example. InstaForex is one of the first brokers to allow the Bitcoin and CFD trade through social media like Twitter and Facebook.
Crypto traders also have access to popular cryptocurrencies like Ripple, Litecoin, Ethereum, Bitcoin, and Bitcoin Cash. The conditions are quite good, the fees on all these are around 0.1% but can vary between the different instruments starting at 50 and going to 12 000.
Instaforex Copy Trading
Social trading is a popular trend in the industry. ForexCopy is the social forex web trading platform that this broker offers. A system is a good option for copying successful strategies and profiting from the experience of other traders.
This feature is a bonus for forex trading experts and shouldn’t be underestimated. Beginners can also benefit greatly because this system can be a good start to their career in trading following the example of the pros.
Instaforex Trader Education
A beginner web trader can choose among many different tools to start their journey into forex trading. With this broker, users can read guides, watch video tutorials, take a full course, etc.
The next step for the new traders would be to sign up for the demo account and start trading. The Q&A section is also a valuable resource of information.
Instaforex Regulation and Licensing
InstaForex is a truly international online broker, regulated by the Cyprus authorities and licensed to service EU clients. So, traders can rely on the best execution and balance protection with this broker.
Also, for additional security, there is a compensation fund in which eligible clients will be compensated up to 20,000 EUR, so when it comes to regulations this broker covers all requirements.
Instaforex Customer Support
Customer support with this broker can be reached in many different ways; one of them is via the online contact form. There is also a wealth of other options that can be selected on the trading website including Skype, Viber, or Whatsapp.
Traders will find a comprehensive Contact Us section on the site with a lot of information and the contacts of the main departments in the company from support to partner relations.
Because of a difference in the trading conditions of InstaForex for the different areas of the world, please choose below the option to open an account that corresponds to your current living area. You have two options to open an account either as an EU citizen if you are living in a country member of the European Union or to make an account as a global citizen using the .com extension of the website. Learn more about InstaForex trading conditions:
Click here for EU clients - EU clients
Follow this link for Non-EU clients - Non EU clients