InstaForex review

About the broker

Instaforex is a reputable broker with a long history that focuses on trading CFDs (contracts for difference) on various financial instruments. It was founded in 2007 by INSTANT TRADING EU Ltd. with a Cypriot license from CySEC, which guarantees clients a certain level of security and regulation. What sets Instaforex apart from the competition is its wide range of products. Clients here can trade CFDs on stocks, ETFs, forex pairs, indices, commodities and even cryptocurrencies. With such a range of financial instruments, traders have the opportunity to diversify their portfolios and react to the current markets.

For trading, Instaforex provides the MT4 and MT5 platforms, which are popular among professional traders for their stability and wide range of indicators and technical analysis tools. In addition, Instaforex also offers social trading through ForexCopy, which allows beginners to copy the strategies of more experienced traders. In terms of fees, Instaforex has some fees for trading, inactivity and withdrawals. However, it's important to compare these fees with competing brokers to judge whether they are acceptable to you.

Another advantage of Instaforex is the ability to hold your account in several different currencies, including USD, EUR, CZK, PLN and GBP. This makes trading easier for clients from different countries. For beginners, there is a demo account available where they can practice without the risk of real money. The minimum deposit is set at $200, which is a fairly acceptable amount for most traders.

Instaforex also offers a wide selection of financial instruments, including 82 currency pairs, almost 1500 stocks, 57 ETFs, 20 commodities, 21 indices, 73 cryptocurrencies. This means that you have many different markets and instruments to choose from to trade. Clients appreciate the complete support in English, which makes it easy to communicate and handle questions. However, some clients criticize the higher swaps and spreads on some instruments, as well as the lack of real stocks and ETFs.

It is important to pay attention to the trading conditions on the MT4 and MT5 platforms as they may differ in fees, limits and instrument offerings. Similarly, it is important to be cautious when receiving investment tips and signals from brokers or trading managers as CFD brokers may profit from your losses. Withdrawing money from your account is possible, but the broker requires documentation of all necessary documents to ensure the security of the transactions. Instaforex aims to provide its clients with a safe and professional environment for trading on financial markets.

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