InstaForex Broker Review

Trading Conditions

Trading conditions at InstaForex are varied across five different account types, with both instant and market execution options available. In Europe, maximum leverage is 30:1 but will be higher elsewhere. Likewise, spreads can be fixed or variable and one of the accounts is even commission-based.

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Broker

Trading Conditions

Base Currencies

EURUSD (Standard)

Trading Cost (Standard)

EURUSD (Best)

GBPUSD (Best)

USDJPY (Best)

Commission

InstaForex

2/ 5

USD, EUR, RUB

3.00 pips

USD 30

3.00 pips

3.00 pips

3.00 pips

USD 0

FXCC

5/ 5

EUR, USD, GBP

0.60 pips

USD 6

0.40 pips

0.40 pips

0.40 pips

USD 0

TrioMarkets

3.5/ 5

USD, EUR, GBP, CHF

2.40 pips

USD 24

0.00 pips

0.20 pips

1.00 pips

USD 0

Account Types

InstaForex offers both real and demo accounts. However, there are several types of real accounts from which a trader can choose from.

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The account types available are:

• Insta.Standard: Instant execution, with no minimum deposit and fixed spreads (starting at 2 pips), this account is good for beginner traders who prefer their fees paid in the spread rather than via commission
• Insta:Eurica: Also instant execution with no minimum deposit, this account is very similar to the Insta.Standard Account – the only difference being a 0 pip spread in return for a commission. 0 pip spreads are offered on major and minor currencies, all other assets will have wider spreads.
• ECN: The first of the three market execution accounts, minimum deposit here is 100 EUR and spreads are variable but average at 1.2 pips. 
• ECN Pro: Also market execution, the minimum deposit here is 1000 EUR and the variable spreads are tighter at an average of 0.8 pips.
• Scalping: This account is built for scalpers, with ultra-fast market execution. Otherwise, trading conditions are the same as the ECN Account

Deposit & Withdrawal

InstaForex allows its retail forex brokers to use a variety of money transaction methods in depositing and withdrawing money from their InstaForex accounts. The allowed methods of money transaction include the InstaForex debit card, credit cards, bank wire, Skrill, MoneyBookers, and Neteller.

Bonuses

Outside of the EU, InstaForex offers a variety of bonuses to its retail traders. These bonuses include: 55% volume bonus, 30% welcome bonus, LFC Partnership bonus on first-time deposit and club bonus for traders with an InstaForex club card (1% for deposits of 500 USD up to 10% for deposits of 15,000 USD)

Customer Support

InstaForex clients have access to round-the-clock technical support via e-mail, callback service, Skype, Telegram, Viber, and live chat on working days. One of the major advantages is that all client inquiries are taken with a personal touch and by a dedicated manager.

Trading Platforms

InstaForex trading platforms are the MT4, MT5, ForexCopy System and an online option for mobile traders.  The ForexCopy system allows forex traders to copy trades from their fellow forex traders who are very successful in forex trading.

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Broker

Platform Choice

Copy Trading

Platforms

InstaForex

4/ 5

Yes

MT4

MT5

FXCC

4/ 5

No

MT4

TrioMarkets

4/ 5

Yes

MT4

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the InstaForex product offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts.  She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.