InstaForex Review

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Up to 250% BONUS
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Company Information Instaforex is a Russian online trading broker that began its operations in 2007. Their online platform launched in 2008. Since its creation, the platform developed quickly and became… more

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Website URL
Support Number0-800-051-8899 (UK); 1-866-800-0719 (U.S. and Canada)
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic, Czech, German, Farsi, Lithuanian, Romanian, Spanish, Ukrainian, Uzbek, Azerbaijani, Hungarian, Italian, Malay, Russian, Thai, Vietnamese, French, Bulgarian, Hindi, Japanese, Urdu, Serbian, Turkish, Bengali, Chinese, Georgian, Indonesian, Korean, Portuguese, Slovak, Dutch
Minimum 1st Deposit$10
Minimum Trade Amount0.01 lots
Maximum Trade Amount10,000 lots
BonusUp to 250%
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationFederal Financial Markets Service of Russia
Account TypesInsta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica,
Deposit MethodsBank Card, Bank Wire, Bitcoin, MegaTransfer, InstaForex BeneCard, Skrill, Neteller, PayCo, China UnionPay, Local transfer in Latin America, Filspay, Paxum Transfer, Local transfer in Argentina, Boleto, Bpay,md, Carta bleue, CartaSi, Dankort,, Electronic Payment Standard, Giropay, iDeal, Maestro, Nordea SOLO, Poli, Przelewy24, PostePay, Skrill Direct, Sofort, Trustly, Local transfer in Malaysia, Africa, Indonesia, Thailand, Singapore, Bangladesh, India, Pakistan, China, Korea
Withdrawal, Paxum, China UnionPay, Solidtrust, Neteller, Skrill, Transfer between accounts, PayCo, Bitcoin, Mega Transfer, Payza, InstaForex Benecard Debit Card, Bank Card, Local transfer in Malaysia, Africa, Indonesia, Thailand, Singapore, Bangladesh, India, Pakistan, China, Korea
Types of AssetsForex, CFDs, Metals, Futures, Shares
Account CurrencyUSD, EUR, RUB
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Instaforex is a Russian online trading broker that began its operations in 2007. Their online platform launched in 2008. Since its creation, the platform developed quickly and became a worldwide known brand. The company has proven its worth by following the policy of providing its clients with the best trading terms in the industry. Today there are already over 2 million user accounts created, and many are expected to join the site soon. Growing rapidly the company has established over 260 offices all over the world (most of the in Russia and Indonesia). With the constant support of its clients, Instaforex has earned many awards and still is one of the best in the business. Instaforex won the Best Broker in Asia several years in a row and received a worldwide popularity boost by reputable media like CNBC Business magazine. Their bonus and loyalty programs are unmatched worldwide and have been mentioned in many prestigious magazines. By joining the platform, traders can win mobile devices, luxurious cars, and many other prizes. And if this is not enough the company provides its customers with unique leverages and spreads. Let’s see what this exciting platform has to offer.


Trading Information

As we already mentioned in our review, Instaforex provides some unique features for their traders. Trading instruments here are Forex, gold, metals, commodities, Indices, CFD’s and Binary options. Oil is missing, but it’s not that big of a letdown. The number of currency pairs available is in the amazing 107 (60 of which are exotic). Spreads are fixed and go around three pips on EUR/USD. Hedging, trailing stop, one-click trading and swaps are available. Also, you can use automated trading and have pending orders. Leverage options go from 1:1 to 1:1000. Account types are Micro Forex, Mini Forex, and Standard.  The interesting option is the Insta.Eurica accounts which is designed for novices and has a much simpler trading system. There every beginner can learn the trade without reading all the information in the world beforehand. Don’t mistake this account for a Demo account. This one is used even by expert traders sometimes because the trader characteristics are almost the same as the Standard one just with simpler interface and features. There is a lot of other educational information on the platform designed to help traders do their business and get acquainted with the tools and features.


Trading Platforms

Instaforex has made the effort of making everything simple and has given its users the opportunity to use more than four platforms when trading. The usual and very famous MT4 (Metatrader 4) is available along with the newer version, Metatrader 5. There is not much to say about them because they are quite popular, and every broker uses, at least, one type of them (or a close version). More interesting is their WebTrader platform where they give you the opportunity to use some unique features and tools. The best thing about it is that it doesn’t need any downloading and works with every major browser. Instaforex’s WebTrader offers two types of layouts. The “Classic” one offers a list of instruments, their price change, trend direction and the trader’s position. Each of the instruments is visualized as a tick chart. All of the changes will be visible once an instrument is added. The “Chart” approach is a mix of the candlestick, OHLC chart, and increment from M1 to MN. This one is much more informative than the “Classic” option and is convenient for users who like to track the latest news and comments. Next is the IFX Option Trade. This platform is specially designed for traders who work with options. Every user can track their sale history, and every activity is made much easier and enjoyable. Last but not least there is the Forex Rates Viewer. It’s not a platform but more of a tool that is very helpful to traders. Once it’s downloaded and installed, it appears as a small window that gives you valuable information about the Forex market.


Security and Customer Services

Security is always at a top level at Instaforex and users have only the best things to say about it. The uses an SSL encryption which ensures that client’s data is protected. The company’s sole purpose is to create a safe and secure environment for their users. The customer support is, without a doubt, flawless, and the many awards the broker has received are a proof of that.  Support is available in five languages, and the site is translated into over 20 languages. You have plenty of ways to contact the company by phone, email, skype and liver chat being just a few of them. There is a dedicated forum where you can communicate with the company’s representatives or other traders. The information is updated daily, and many traders are sharing helpful tips and advice.


Deposits and Withdraws

Making at deposit into your Instaforex account is easy with plenty of banking methods to choose. The usual debit and credit cards are available with e-wallets supported. A Nice addition is the option to deposit cash at one of the 260 offices worldwide. There is a very thorough list on their site with all the banking methods mentioned. Usually, there are no fees, but there are some of them that require a small amount.  Deposit processing times go from instant to 2-4 business days (for the Bank Wire). Withdrawals are usually made using the method you deposited the money. Processing times take a couple of hours for most methods and 1-7 business days for Bank Wire.


Deposit Bonus and Loyalty Programs

As we already mentioned, Instaforex provides some of the best bonuses in the industry, and they have the reputation of always introducing something new every few months. The current welcome bonus is 30-55% with no limit to the amount. Their requirements are very well explained on their page along with other bonus offers. You can choose only one bonus when making an account.

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