InstaForex

InstaForex is a well-established broker since 2007. InstaForex has headquarters in British Virgin Islands, St. Vincent & Grenadines and Russia. InstaForex to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by FSC (BVI) SIBA/L/14/1082 and SVGFSA IBC22945.

Although this broker is registered in the British Virgin Islands, it has offices in more than 260 countries with core staff based in Russia.

Founded in 2007, InstaForex has successfully accumulated 7,000,000 traders over the last twelve years. In addition, InstaForex is also known as the main sponsor of various professional sports clubs accompanied by amazing trading competitions with a total prize pool of up to $1,000,000.

Ensuring continuous access to financial markets are 9 trading servers backed by 25 other servers located around the world. The maximum time for a client to receive data from the server is recorded as 0.2 seconds from any part of the world. For this dedication, InstaForex managed to receive 30 financial awards in recent years.

InstaForex Summary

Account Information

Apart from the forex demo account, this broker offers Cent.Eurica, Cent.Standard, Insta.Eurica and Insta.Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by InstaForex is up to 1: 1000 Meanwhile, you can open an account with a starting capital of $1.

The four accounts offered by this broker are:

• Insta.Standard: For Insta.Standard, the requirement of minimum deposit is $1 and a minimum deal size of 0.01 lots. Insta.Standard members also enjoy the fixed spread, one-click trading, automated trading, as well as mobile trading. This account gives you a number of useful features, including scalping, hedging, Expert Advisors, trailing stop, and pending orders. However, they charge swap fees on positions left overnight.
• Insta.Eurica: Insta.Eurica has a relatively low minimum deposit and minimum position requirement of $1 together with 0.01 lots. In addition to the fixed spreads, you are also allowed to use scalping, hedging, or Expert Advisors. Still, you should also be aware of any additional costs like the swap fees. The account offers an option to use mobile trading, one-click trading, and automated trading, along with pending orders and trailing stop.
• Cent.Standard: Cent.Standard accounts have a minimum deposit of $1 and the position begins at 0.0001 lots. The account promises fixed spreads, Expert Advisors, one-click trading, automated trading, as well as mobile trading. Some of the highlights of the account include pending orders, trailing stop, hedging, and scalping strategy. Fees like overnight swap also can be charged.
• Cent.Eurica: The minimum deposit is $1 and 0.0001 minimum lot size. Cent.Eurica offers a good range of features and tools such as trailing stop, pending orders, automated trading, one-click trading, and mobile trading with fixed spreads. Expert Advisors are allowed on hand to help with all trades. The account permits hedging and scalping but charges an overnight fee (swap).

Fees

Spreads with the broker vary depending on account type. InstaForex offers average spreads as low as 0.8 pips on the ECN Pro account while the Insta.Standard account comes with fixed spreads between 2.0 and 7.0 pips. However, traders opening other InstaForex accounts can expect 1.2 pips.
0.1% commissions are also charged to equity CFDs as well as on cryptocurrencies. While the commission structure is acceptable, the spreads in all account types, except the Insta.Eurica account, is not very competitive.

Note that the LiteForex European entity does apply swap rates on overnight positions.

Instruments Traded

Besides lots of currency pairs, InstaForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Binary options, Crypto, Oil, Indices, Stock and Commodities for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

InstaForex offers tradable instruments across Forex, CFDs, commodities, and cryptos:

• Over 100 currency pairs.
• 88 CFDs on US stocks.
• Commodities are limited to gold, silver, crude oil, and natural gas.
• 7 indices CFDs.
• 5 cryptocurrencies.

Payment Methods

Payment can be requested via any of the methods, including bank wire, credit/debit card payments, Skrill, Neteller, Sofort, and Bitcoin. There is no charge on the part of the broker for making deposits, but processing times are noted as the nearest business day.

Fees for withdrawals apply universally, but range depending on the method deployed and usually processed nearest business day. Withdrawal fees for Bitcoin and Skrill are ranging from a minimum of 1%, €1 for Neteller, 1.8% + €0.05 for credit cards, and a minimum of €5 for bank wires and Sofort.

The brokerage accepts several payment methods:

 Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

 Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don’t have credit cards.

 Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients’ fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

InstaForex also provides payment with UnionPay, Tether (USDT), SOFORT, Ripple, NEO, Litecoin, EOS.IO, Dogecoin, Dash, Crypto, Credit/debit cards, Bitcoin Cash, AstroPay, AliPay and AdvCash

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