InstaForex is an online Forex broker established in the year 2007, and it’s owned by InstaForex Group which is based in Russia. InstaForex broker is regulated by a Russian-based financial agency known as FFMS which offers superb regulation and ensures personal data safety on the websites.
InstaForex offers a free demo account and real accounts with a very low minimum deposit of 1 USD. This is Good news for Forex beginners who want to start trading with minimal risks.
Trading Accounts, Spreads, and Leverage
InstaForex offers various types of accounts to its clients. The accounts vary due to their commission, spreads, as well as the method of accounting which are chosen by the client when registering with the company.
These are the trading account types offered by InstaForex offers:
This account is customized for traders who want to enjoy standard trading terms in the Forex market. The most exciting feature of this account is the fact that you can execute your trades at no fee.
All trades will find this account convenient as it enables them to execute orders with classical spread withoutincurring any costs. The spreads are 3 to 7, and the minimum deposit is 1 USD with a leverage of 1:1-1:1000.
This account doesn’t need you to pay any spread when you are executing an order
The most notable feature of Insta.Eurica is that the spreads are zero for the majority of currency pairs meaning that the ask price and bid price are the same. This account is perfect for beginners in Forex market because it allows them to execute their orders using several methods. The minimum amount you can deposit is 1 USD with a leverage of 1:1-1:1000.
3. Cent.Standard and Cent.Eurica
These accounts are tailored for newbies and those who want to try new strategies with minimal risks. Besides having the smallest volume of 0.0001 of themarket lot, clients using these two account types can access the same trading conditions as those using other accounts. The spread is zero, and the amount of money you can deposit is 1 USD with a leverage of 1:1 – 1:1000.
Regulation of Instaforex
InstaForex is a licensed and highly credible broker for all your Forex trading needs. The broker is a member of InstaForex Companies Group, which is a group of investment and financial companies that offer online trading services.
InstaForex is regulated by the Russian Associationof Financial Market Members or RAFMM
RFMM is an independent, non-commercial regulatory organization that includes all the financial companies based in Russia and it usually addresses any issues that arise between brokers and clients.
- Instant Trading Ltd is licensed by BVI FSC (British Virgin Islands) License Number: SIBA/L/14/1082
- Instant Trading EU Ltd (Cyprus) is registered with FCA (UK), Reference number 728735
- Instant Trading EU Ltd is licensed by CYSEC (Cyprus) License Number: 266/15
Instaforex Trading Platform
InstaForex offers an innovative trading platform known as InstaTrader, which is based on the MT4 trading platform. The easy-to-use platform is free, including its Mobile and MultiTerminal versions.
InstaForex has taken all the innovative and essential features of the popular Metatrader 4 and customized them to meet their clients’ needs. The broker also offers the latest and robust MT5 to their clients.
Some features of InstaTrader platform that will excite you include:
- Precise quotations for all major crosses, currency pairs, and worldstock indexes
- Technical analysis tools
- Major market review and economic announcements are provided
- Ability to run expert advisors and Forex robots
- Availability of several analytical tools including pivot points calculator and Fibonacci calculator.
- Presence of more than 50 inbuilt tools and indicators to help the clients in the process of analysis
- Useful and sleek interface available more than 10 languages
- High-level security of your funds
InstaForex has an easy-to-use and secure platform on its website where traders can deposit or withdraw funds from their accounts. This area is well protected by a PIN code as well as a password. When depositing or withdrawing funds from InstaForex, you must use the same payment method. The transactions can be made through bank wire, Skrill MoneyBookers, credit cards, InstaForex debit card, Neteller, and several other online payment methods. There are some fees you’ll be required to pay when using some of these payment options. However, you can deposit Bitcoins without any charges with a promise that you’ll finalize the transaction within three hours.
InstaForex has proven itself a reliable broker when it comes to customer service. They offer quality customer service to their clients and usually respond to their concerns in the shortest time possible.
InstaForex clients can get customer support round the clock telephone, email, or live web chat from 7:00 – 16:00 UTC. The best thing is they have separate telephone numbers for all the different departments thus making it easy to contact the person who can most help you without having to talk to more one representative. The support team can offer support in over 20 languages.
If you are a Forex novice or a professional trader, you’ll find InstaForex a good broker for Forex trading.Visit Now