InstaForex review and tutorials

InstaForex Broker Review

Detailed InstaForex Review 2020: Forex, CFD'S and Crypto Regulated Broker

InstaForex provides Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.

InstaForex Broker Review

InstaForex trading information

CFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit
$1 to $10 (Account choice dependent)
Min. Trade
0.01 Lots
Regulated By
MT4 Integration
Mobile Apps
iOS and Android + Browser based platform
Auto Trading
Via Copy Trading service
Trade Signals
Islamic Account
InstaForex Broker Review


Av. Floating 0.8
Av. Floating 0.8
Av. Floating 0.8


FTSE Spread
0 ($5 fee)
Av. Floating 0.8
Oil Spread
8 pips
Stocks Spread
0.1% Var (Average)


BTC 1%, ETH 1%

Official InstaForex Registration

InstaForex Forex Broker Review 2020
InstaForex Review: brokers website

New InstaForex broker review – updated July 1st, 2020.

InstaForex is a broker platform that features forex trading along with CFDs and binary options trading. As a MetaTrader 4 agent, InstaForex has exceptional client service, with reportedly 7 million clients. Among the best-known global forex agents available on the current market, this agent has built a reputation as a fast-growing brand with various high profile sponsorships.

As a fully controlled brand for European and international usage, there is a lot that indicates that InstaForex will be an superb match for traders of all levels of expertise.

This review dives into more detail about this global trading platform. If your question is whether InstaForex is a suitable choice for you when it comes to trading actions in the future, and in regards to CFD trading and trading binary alternatives – you are in the right place.

InstaForex review
Business Details

As stated previously, InstaForex is a business that has been on the broker platform scene since 2007.

It started out in Russia thanks to InstaTrade Corporation, who are a part of InstaVector Ltd. The business has expanded through the years to get 260+ different representative offices globally.

Even though InstaForex tried out online trading in 2001, it established itself in 2007.

InstaForex made a real push to make a name for themselves using high profile sponsorships via a range of various sports clubs and athletic characters.

InstaForex has offices in the Cyprus and the UK, meeting regulatory criteria for these areas in addition to expanding the range of their online agent platform support even further.

The organization as a whole offers luxury services to their clients globally, while branches like InstaForex EU caters independently for the EU market to further diversify and increase the merchandise they supply.

For dealers searching for a tailor-made global provider, InstaForex delivers.

InstaForex use a vast number of data centres. Moreover, they have 30+ accolades from the industry under their belt. All of this makes it clear that InstaForex are a force to be reckoned with and they mean business.

InstaForex review
Trading Platform

As many online services and agents provide their own proprietary model of trading platform, InstaForex has really gone the old school course by just offering MetaTrader 4.

InstaForex does not allow third-party plugins and add-ons (which are also used by other brands to improve their tools), as this is the only alternative that traders can use.

Actually, just a Superior Forex Desk plugin can be used to customize the platform into something tailored to someone’s needs. For many dealers, this can be a disadvantage, along with the utilization of a generic system.

For dealers who enjoy the MT4 will have no issue with this. The simple fact that InstaForex uses the platform will be a bonus for them, since MT4 is known far and wide for its design, infrastructure and familiarity. There’s also the customer cabinet that provides some flexibility.

MT4 is designed with care, well-invested and robust. But, additional fees may apply in ourder to get the maximum use from the system.

While, for many, it could be a disappointment that InstaForex does not grow with its own solution, for many others, a very simple method like MT4 is a favorable thing in regards to their trading expertise.

InstaForex Review: Forex Broker Dashboard
InstaForex Review: Trading screenshot

InstaForex review

Just like the title of this brand indicates, InstaForex primarily functions as a foreign exchange broker, with a vast choice of unique assets available to compliment the currency solutions.

Presently, the platform has over 100 different currency pairs accessible to dealers, allowing for complete and thorough diversion of portfolios for dealers.

For people that like forex, InstaForex has lots of appeal. Outside of the specialisation, they also dabble in different kinds of markets and resources, such as commodities – although these are confined to the typical natural gas, crude petroleum, gold and silver.

The platform also offers 88 unique CFDs for US stocks, for the ones that prefer to combine their trades from time to time.

While the lacking of additional commodities might be thought of as a drawback to InstaForex, it is apparent from the placement and aims of the brand they anticipate the huge majority of their dealers to concentrate on forex.

That is exactly what they have targeted in regards to the choice of different currency pairs available.

InstaForex review
Spreads & Commission

Much like the huge majority of internet broker solutions, InstaForex uses commissions and spreads for their platform, which vary based on the particular accounts you hold.

To learn more regarding the accounts arrangement of InstaForex, browse the Account Types section below for a complete overview.

Two distinct accounts are offered – Standard and Eurica. The most important difference between these is the process: Standard accounts use spread, whereas Eurica accounts utilize commission.

For a Standard account, spreads may be 2-7 pips, either for European and American dealers.

By comparison, Eurica accounts maintain a commission fee of 0.02-0.07 percent for both American and European providers. EU customers are given other choices such as ECN and Scalping accounts, which have a floating spread of 1.2 pips or 0.8 pips depending on whether the account is Standard or Pro.

For nearly all traders beginning, it makes more sense to go on commission instead of spread, to guarantee the best possible result and less fees. However, with so much choice and so many alternatives, it’s simple to discover a solution which is appropriate for you.

InstaForex review

Among the advantages of picking InstaForex for online trading would be the choice to pick a leverage which is suitable for you.

Together with the Eurica trading accounts, traders may pick leverage which matches them in 1:1 through to 1:1000. The ECN Pro Account has a maximum leverage of 1:30 representing EU Forex trading regulation for retail customers.

InstaForex review
Mobile Applications

Since InstaForex supports trading over the renown MT4 system, traders get all of the advantages of this type of a well-developed system – such as the capability to get to their transactions from a smartphone.

The InstaForex firm provides a variety of different mobile services and apps as part of its broader offering, which contains The MobileTrader application, accessible on Google Play and the iOS App Store.

Forex Quotes and Analysis, Forex Courses and Forex Signals are also applications offered by InstaForex.

In comparison to desktop-only platforms, InstaForex is well-recognized with the listing of distinct instruments and functionalities it provides to app users.

On the other hand, the branching of all of these choices into numerous distinct programs – where one broader app could suffice – can result in these extra attributes not being downloaded and executed in practical ways.

The main application has been nevertheless well received by dealers and is a highly rated application.

InstaForex Mobile App
InstaForex Review: Mobile App

InstaForex review
Payment Procedures

InstaForex supplies a plethora of different alternatives and methods for payment deposits in addition to withdrawals, designed to supply their traders with something which works for nearly anyone, anywhere.

The platform also asserts zero charges for withdrawals or deposits, though transfer, bank or program charges may apply based upon the method the customer uses. Payment methods include:

  • Charge and Debit Cards with Skill or VISA – 24 hours processing
  • Bank Wires – 2-3 business days processing
  • PayCo – immediately completed
  • MoneyBookers/Skrill – 24 hours processing, USD only
  • Neteller – finished immediately
  • UnionPay – around seven hours processing, CNY only
  • Solidtrustpay – finished immediately, USD only
  • OnlineNaira – finished immediately, NGN only
  • Bitcoin – finished immediately, Bitcoin only

With such a large choice of payment methods available, there is something to be of use to traders from all around the world – something InstaForex boasts of, seeing they are a big international brand.

Nigeria, Malaysia and Singapore are three growth markets for InstaForex and the brand has attempted to offer a variety of payment methods popular in these areas.

InstaForex review
Demo Account

Besides the complete array of distinct accounts InstaForex provides for live traders, the platform also provides a thorough demonstration platform allowing fresh or experienced traders to test their own skills and get the gist of the MT4 platform.

The demonstration account login supplied comes stocked with virtual currency, letting you have a good idea about exactly what real-life trading over this system may be like.

Giving the demo account a try is a perfect way to get back into the groove of things and appreciate the various functionalities of the InstaForex program for beginners to trading, or those who have been out the game for a while.

InstaForex review
Promotions and Deals

Due to the regulatory requirements for brokers working from the EU, there are no promotions and deals easily available for European-based dealers. ESMA does not allow welcome bonuses.

But, global traders can get a variety of distinct monthly promotions in addition to club and deposit bonuses on enrolling. Terms and conditions must apply, and you should read them to to make sure they don’t affect your trading style or options.

InstaForex review
Legislation and Accreditation

As a platform that’s used globally for trading, InstaForex needs to fulfill a range of various regulatory and licensing requirements.

The owner of the brand (InstaVector Ltd) is fully licensed by the Russian Central Bank

The platform is also controlled in Europe by CySEC and in the British Virgin Islands by BVI FSC.

InstaForex additionally implements standardised payment procedures, and for global dealers has special accounts for big deposits, which satisfy the worldwide regulatory prerequisites for trading.

CySec along with the AMF in France, have raised issues with InstaForex, and the improved rigorous EU regulation since 2017 has also signified that regulatory compliance was a vital problem for this agent for a while.

InstaForex review
Additional Capabilities

As a platform which utilises existing business technology, called MT4, there are not that many added features.

Copy Trading

A feature that’s becoming commonplace in the business is using social trading.

This permits traders the opportunity to provide plans, in addition to allowing others to gain off commission inside the platform.

For experts in trading, this can be a large bonus, and one which should not be understated in regards to professionals seeking to test a different agent.

While InstaForex does not include lots of the very best MT4 plugins, an alternative the agent does support would be 18 distinct plugins associated with candlestick pattern recognition – a bit unnecessary since one option would have been just enough.

Nonetheless, it’s something which sets the brand apart from their competitors. Together with the use of the convenient InstaForex toolbar, this platform has a lot of added features which are worth exploring.

If you enjoy MT4 and you do not wish to make a substantial change, InstaForex might be the ideal match for you — some additional features are only a bonus.

InstaForex review
Account Types

Unlike a lot of big-name brokers that have a couple of different accounts, InstaForex has a ‘more is more’ approach. They have five distinct accounts, some of which hold extra sub-accounts to promote diversity and provide a tailored experience to dealers.


The normal account for the huge majority of dealers, these accounts provide all of the base features the typical user may want or desire, with the extra plus of having the ability to modify their leverage and deposit sizes.

For novices to trading, there is a maximum deposit limit to stop newbies spending their money too fast – a welcome attribute for new traders.

Currencies for this account are in EUR, USD and GBP, and there aren’t any limits attached to what is possible to deposit.


With no spreads needed, the Eurica account is also a fantastic option for dealers that are starting out.

Traders can choose their own leverage, even though set charges will apply on all transactions. Money is in EUR, USD and GBP, and there is no limitation for deposit in any way.


With accessibility to all of trading functionalities without a commission demanded, ECN accounts are developed for the next level of traders, with a greater level of flexibility in marketplace implementation.

Currencies stay exactly the exact same minus GBP, but the min deposit for this type of account is 100 EUR.


ECN Pro boasts all of the attributes as an ECN account, but traders employing this option from InstaForex will have a minimal deposit of 1000 EUR – which makes this account type maybe not for the trader that does not enjoy risks.

Concerning executions, this accounts utilises market performance rather than immediate functionality, just like the ECN account.

The gap here is really a reduced floating spread, to push higher-investment dealers to give the platform a go.


Floating spreads, no commission trading and much more makes the scalping account appealing to old-school traders who are not so keen about the more recent methods.

Implementing short-term deals and speedy approaches, this account is one for a particular subset of traders – but it is beneficial to have.

InstaForex Review: Trader account
InstaForex Review: scalping

InstaForex review

As a well-established currency trading platform, the advantages of attempting to use InstaForex are vast.

Various kinds of account are offered to fit all types of traders and the site also provides a free trial to ensure that you can get the gist of the program before you buy.

Since InstaForex utilises MT4, the transition within this brand will be easy for most – it works the same, therefore there is no steep learning curve included.

And of course that, for novices, there is lots of tutorials within this system accessible online.

The broad choice of trades available also increases the allure of the system, in addition to the complete regulation globally – supplying a more flexible assortment of alternatives for traders who are not necessarily in one place.

If you’re trying to find a well-built platform which has lots of option, then InstaForex may be the perfect match for you.

InstaForex review

There are lots of very good things about InstaForex, but it is important noting the downsides.

Since InstaForex has not chosen to make their own platform, the result is not as on-brand and fancy – something many dealers search for in platforms today.

And of course, the shortage of decent and strong plugins for MT4 means you are getting the simple experience, with none of the outstanding performance of more tooled-up versions.

In the end, it’s also worth thinking about the recent problems with InstaForex in relation to Brazilian and French governments, and among the associated businesses getting in hot water using CySEC.

InstaForex review
Trading Hours

As an global platform, InstaForex provides trading nearly around the clock. The company has therefore confirmed that its options are available for trading from 00:01 to 23:50 Monday to Friday, under GMT+2

InstaForex review
Contact Details / Client Service

InstaForex provides an internet form to get in touch with their staff for service reasons.

Additionally, details are given for 24/7 technical support that can be found on their website for WhatsApp, Telegram, Viber and Skype.

Concerning general contact information, the contact us section of InstaForex site covers all of it, with comprehensive alternatives for getting connected with technical assistance, customer relations, finance department and associate connections.

For general service, the phone and email number supplied are as follows:

Email: [email protected]
Telephone: +443300109336

InstaForex review
Security and Safety

InstaForex provides sufficient technical and financial safety for its clients, with a degree of protection equal to banking procedures.

This included using two-factor authentication, in addition to anti-phishing technologies and segregated accounts for high-value deposits.

Total Verdict

It implements well-known technology like MT4 to supply an exceptional experience to dealers and guarantees the protection of the clients through appropriate regulation and effective security solutions.

If you’re trying to find a trading platform that delivers an extensive assortment of different trading alternatives, then InstaForex may be worth checking out.

While it isn’t outstanding, it has an admirable reputation and the functionality set up to allow it to be feasible for several distinct kinds of traders – from veterans to newbies.

Accepted Countries

InstaForex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.

Traders cannot use InstaForex from the United States of America, Iran, Turkey.

InstaForex Broker Review


If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

InstaForex Broker Review
Authorized brokers
HighLow Broker Review
Visit HighLow
ETX capital
Visit ETX Capital
Visit Degiro
IQ Option Forex Broker Review
Visit IQ Option
BDSwiss Forex Broker Review
Visit BDSwiss
Trading 212 broker review
Visit Trading212
Skilling broker review
XM broker review
Visit XM
Binomo - Binary Option Broker Review
Visit Binomo
LCG Forex Broker Review
Visit LCG