InstaForex review

InstaForex

About the broker

Instaforex is a renowned broker with a long history, focusing on CFD trading on various financial instruments. It was founded in 2007 by INSTANT TRADING EU Ltd. and is licensed by CySEC. What sets Instaforex apart from the competition is its wide range of products. Clients can trade CFDs on stocks, ETFs, Forex pairs, indices, commodities, and even cryptocurrencies.

Trading Platforms

Instaforex provides MT4 and MT5 platforms, which are popular among professional traders for their stability and wide range of indicators and tools for technical analysis. Additionally, Instaforex offers social trading through ForexCopy, allowing beginners to copy strategies from more experienced traders. As for fees, Instaforex charges trading, inactivity, and withdrawal fees. It is essential to compare these fees with other brokers to assess if they are acceptable for you. Trading conditions on MT4 and MT5 platforms can vary in terms of fees, limits, and available instruments.

Another advantage of Instaforex is the possibility to have an account in several currencies, including USD, EUR, CZK, PLN, and GBP. This facilitates trading for clients from different countries. Beginners can use a demo account to practice without risking real money.

Demo Account at Instaforex

Before opening a real account, you can try trading through a demo account, which allows you to learn how to use the trading terminal and strategies. The demo account is entirely free and has an unlimited lifespan. However, transactions on the demo account are virtual.

This means that trading steps taken on the demo account do not affect the real market. Trading conditions are the same as on a real account, enabling you to find out what kind of trader you would be. If the demo account does not answer all your questions, simply contact customer support.

Tradable Instruments

Instaforex also offers a wide selection of financial instruments, including 82 currency pairs, nearly 1500 stocks, 57 ETFs, 20 commodities, 21 indices, and 73 cryptocurrencies. This means you have a variety of markets and instruments to trade. Clients appreciate the complete support in Czech, which makes communication and handling questions easier. However, some clients criticize the higher swaps and spreads on certain instruments and the absence of real stocks and ETFs.

Trading accounts provide negative balance protection, ensuring that traders can lose only the amount they have deposited into their account. Additionally, in case of the broker's financial failure, clients' funds are insured up to a limit of 20,000 euros per individual.

Minimum Deposit

To trade on the MT4 platform, a minimum deposit of $200 is required, while trading on the MT5 platform requires a minimum amount of $1,000. There are three payment methods available for deposits and withdrawals: Bank transfer via SEPA system, VISA and Mastercard payment cards, and electronic wallets such as Skrill, NETELLER, and Sofort.

Account Verification (KYC)

Before a customer is allowed to withdraw money from their trading account with Instaforex, they must go through the account verification process. This involves uploading copies of personal documents to the trading account. For identity verification, you can use an ID card, driver's license, or passport, and for proof of permanent residence - a bank statement or utility bills such as water, electricity, or gas.

Compare broker side by side

Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information
Regulations Cysec
Number of CFD asset classes 6
Broker type ECN, MM
Customer support Phone Mail Chat
Deposit from 200 EUR/USD
Spreads 1.3 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs
Platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5)
Instruments CFD Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies
Established 2007
Location Spetson 23A, Leda Court, Block B, B203, 4000, Mesa Geitonia, Limassol, Cyprus.
Phone +35725654112
E-mail support@instaforex.com
Country Cyprus

About the broker

Instaforex is a renowned broker with a long history, focusing on CFD trading on various financial instruments. It was founded in 2007 by INSTANT TRADING EU Ltd. and is licensed by CySEC. What sets Instaforex apart from the competition is its wide range of products. Clients can trade CFDs on stocks, ETFs, Forex pairs, indices, commodities, and even cryptocurrencies.

Trading Platforms

Instaforex provides MT4 and MT5 platforms, which are popular among professional traders for their stability and wide range of indicators and tools for technical analysis. Additionally, Instaforex offers social trading through ForexCopy, allowing beginners to copy strategies from more experienced traders. As for fees, Instaforex charges trading, inactivity, and withdrawal fees. It is essential to compare these fees with other brokers to assess if they are acceptable for you. Trading conditions on MT4 and MT5 platforms can vary in terms of fees, limits, and available instruments.

Another advantage of Instaforex is the possibility to have an account in several currencies, including USD, EUR, CZK, PLN, and GBP. This facilitates trading for clients from different countries. Beginners can use a demo account to practice without risking real money.

Demo Account at Instaforex

Before opening a real account, you can try trading through a demo account, which allows you to learn how to use the trading terminal and strategies. The demo account is entirely free and has an unlimited lifespan. However, transactions on the demo account are virtual.

This means that trading steps taken on the demo account do not affect the real market. Trading conditions are the same as on a real account, enabling you to find out what kind of trader you would be. If the demo account does not answer all your questions, simply contact customer support.

Tradable Instruments

Instaforex also offers a wide selection of financial instruments, including 82 currency pairs, nearly 1500 stocks, 57 ETFs, 20 commodities, 21 indices, and 73 cryptocurrencies. This means you have a variety of markets and instruments to trade. Clients appreciate the complete support in Czech, which makes communication and handling questions easier. However, some clients criticize the higher swaps and spreads on certain instruments and the absence of real stocks and ETFs.

Trading accounts provide negative balance protection, ensuring that traders can lose only the amount they have deposited into their account. Additionally, in case of the broker's financial failure, clients' funds are insured up to a limit of 20,000 euros per individual.

Minimum Deposit

To trade on the MT4 platform, a minimum deposit of $200 is required, while trading on the MT5 platform requires a minimum amount of $1,000. There are three payment methods available for deposits and withdrawals: Bank transfer via SEPA system, VISA and Mastercard payment cards, and electronic wallets such as Skrill, NETELLER, and Sofort.

Account Verification (KYC)

Before a customer is allowed to withdraw money from their trading account with Instaforex, they must go through the account verification process. This involves uploading copies of personal documents to the trading account. For identity verification, you can use an ID card, driver's license, or passport, and for proof of permanent residence - a bank statement or utility bills such as water, electricity, or gas.

Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Basic information
Regulations Cysec
Number of CFD asset classes 6
Broker type ECN, MM
Customer support Phone Mail Chat
Deposit from 200 EUR/USD
Spreads 1.3 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs
Platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5)
Instruments CFD Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies
Established 2007
Location Spetson 23A, Leda Court, Block B, B203, 4000, Mesa Geitonia, Limassol, Cyprus.
Phone +35725654112
E-mail support@instaforex.com
Country Cyprus

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