Instaforex Review 2023 Legit or Scam Broker?

InstaForex is an international brokerage firm that provides forex and CFD trading services to seven million customers worldwide.

Instaforex Main Highlights

🚀 Minimum deposit:	1$
⚖️ Leverage:	From 1:1 up to 1:1000
🛡️ Regulations & Licenses:	FSC, CySEC
💵 Deposits/Withdrawals:	Bank wire, credit/debit card payments, Skrill, Neteller, Sofort, Bitcoin
💻 Trading platform:	MetaTrader 4, MetaTrader 5, WebTrader, Mobile trading, Multiterminal, InstaTrader
🌙 Islamic Account:	Yes
🔗 Main domain:	instaforex.com

A Look at Instaforex

InstaForex is a reliable broker with many options for Forex trading and the latest technology. The platform is easy to use, and InstaForex offers competitive deposits, educational resources, and market analysis. Founded in 2007, InstaForex now serves customers from around the world and its user base currently exceeds seven million.

InstaForex is a great choice for experienced traders, since the fees and conditions may differ depending on the company you choose. All companies that use the InstaForex brand are regulated and licensed to provide online trading services around the world, particularly in the EU. This ensures that you get the best possible service.

Instaforex Account Types

Trading account

You can open a new trading account to trade on 110 currency pairs, gold and silver, US equity derivatives, 26 CFDs, indices, and cryptocurrencies.

The platforms make trading InstaForex easy by allowing you to carry out all the necessary operations and analyze the important factors. To begin trading, open a live trading account, get your account number and password, add funds to your deposit account, and start trading.

Demo account

You can open a free demo account with InstaForex with no risks. You can deposit virtual funds into the account and learn how to trade forex with the MT4 and MT5 platforms. It takes a few minutes to create a free demo account. When it is active, you can trade over 300 forex instruments. The process to open a free demo account is straightforward.

To get started, just sign up, get an account number and password, then download the MT4 and MT5 platforms. You can then start trading and see your profits in the demo account cabinet. The demo account will also show you how to make deposits and withdrawals.

Instaforex Top Features

Leverage

InstaForex is an online trading platform that offers a great benefit: high leverage. Compared to other platforms, InstaForex stands out for its maximum leverage of 1:30, which complies with EU regulations for forex trading. Many users have given positive reviews about this feature.

Awards

The platform has earned numerous awards in a short period of time, including:

• The Best Affiliate Program 2022 by Global Brands Magazine.
• The Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards.
• Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards.

The platform also has a great reputation amongst traders and investors, who frequently give praise for its products, financial instruments, services, and customer support.

Customer support

At Instaforex, there is an online forum with lots of customers, investors, traders, and other experts who are willing to answer any questions that beginners or other traders may have. For further assistance, their customer support team is always available to help. To submit any queries, simply fill out an online form and they’ll provide answers promptly.

Technical support is also available, and you can get in touch with advisors through WhatsApp or Skype. For more information, visit their Contact Us page which gives various options to get in touch with the right person.

Service Offered By Instaforex

This platform provides both retail and corporate customers with a variety of services.

ForexCopy system

This system lets traders copy trades made by successful traders onto their own accounts. It also lets other brokers earn a commission from the profitable trades that have been copied.

Instaforex WebTrader Platform

This product helps you to invest in the world of finance using the internet. It has all the necessary tools and features you need to start mobile trading. The mobile and web platform offers a great advantage by giving you access to a wide range of markets.

PAMM system

This platform helps investors and traders manage their business relationships by allowing them to invest in mutual funds and trade on the Forex market. Here, investors and traders can track their profits and have them distributed evenly. In addition, the platform offers extra services such as Forex options, free VPS hosting, Client Cabinet API and more.

Instaforex Regulations and Licenses

Instant Trading EU LT is the legal entity behind InstaForex EU. It has received a permit from the Cyprus Securities and Exchange Commission (CySEC) and is licensed under license number 266/15. The license was granted on January 13, 2015, allowing the company to provide its services on a global scale.

Instaforex Trading Platforms

MetaTrader 4

MetaTrader 4 enables trading on indices, the Insta Forex market, metals, and energies. It is available for desktop computers. To begin trading with MT4, you can use your web browser. This platform has many servers that improve the speed of communication between the mobile platform.

The standard lot size is 10,000 units, which is smaller than the other platforms that have 100,000 units. Additionally, it provides one-click trading.

MetaTrader 5

MetaTrader5 is a popular trading platform that offers traders a variety of features and tools. It provides Level II pricing and contract specifications that are highly rated. And has 21 time-frames and uses a new programming language called MQL5 which helps experts and indicators to design. It archives quotes and provides advanced technical tools.

Users can also fill in policy details in the order window and check the expiration dates of pending orders. It is a handy platform for advisors, with an in-built online store.

Multiterminal

HotForex MultiTerminal offers a convenient way to manage multiple accounts in one place. The user interface is similar to the HotForex MT4 Terminal and provides enhanced features. You can easily access all trading accounts with the help of this platform.

WebTrader

The WebTrader is an advanced online trading platform designed for traders looking for a clear, easy-to-use interface. It makes online trading simple.

InstaTick Trader

InstaTick Trader enables you to benefit from the smallest price movements thanks to its 6-digit quotes, as opposed to the 4 or 5-digit quotes provided by MT4. This platform also offers great advantages such as clear charts and technical tools designed specifically for tick trading. Plus, you don’t need to install any software, as you can access the market online from any location.

Financial Instruments by Instaforex

InstaForex is primarily a Forex broker, offering over 100 currency pairings for traders to choose from. They also provide CFDs on US equities, commodities such as gold, silver, crude oil, and natural gas, seven indices, and five cryptocurrencies. While the Forex market is well-covered, the cryptocurrency and commodity selection could be expanded for more diversity.

• Forex
• Currencies
• CFDs
• Stocks
• Metals
• Indices
• Futures
• Options
• Cryptocurrencies
• Oil and Gas
• Commodity Futures
• InstaFutures

These are:

• 110 CFD Major Minor Currency Pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, and many more.
• 83 Stocks: Apple Inc., Amazon.com, Bank of America Corporation, Cisco System, Inc., and many more.
• 30 Indices: US Dollar Index, Dow Jones Industrial Average, FTSE 100, and many more.
• 53 Commodity Futures: Futures Gold, Futures Silver, Futures Copper, Platinum, and many more.
• 12 Cryptocurrencies: Bitcoin, Cardano, Dogecoin, Filecoin, Litecoin, Bitcoin Cash, and many more.
• 4 Metals: Silver Spot, Gold Spot (500 oz), Palladium Spot, and Gold Spot
• 17 Oil and Gas instruments: Crude Oil Light Sweet, Natural Gas, miNY Crude Oil, and many more.
• 2 InstaFutures: EUR/USD week and EUR/USD month.

The MetaTrader 4 platform is the only one available to traders, including the multi-terminal, which is great for those managing multiple scalping accounts. The MT4 platform works on all devices. It does not offer extra tools to make the platform better.

Instaforex Deposits & Withdrawals

InstaForex customers can choose from a range of payment options, including bank wire transfers, credit/debit cards, Skrill, Neteller, Sofort, and Bitcoin. By offering Bitcoin, this forex broker shows that it is keeping up with trends in the remittance sector and providing a legitimate service. Bank wire transfers do not incur a deposit fee, and the processing time is the following business day.

Withdrawal fees and processing times for other payment methods can vary but are typically processed within one business day.

• You can pay into your InstaForex account using either a bank transfer or an electronic payment. Bank transfers take 1–2 days, but electronic payments are instant. InstaForex does not charge any fees for deposits.
• InstaForex is a licensed broker that ensures fast and accurate withdrawals. Withdrawals are processed within one to three business days and there have been no reports of scams or withheld payments. Traders can be confident that their profits will be paid out.
• You can withdraw your funds using the same payment method you used to deposit. There may be a small fee of 2% depending on your payment option. InstaForex only allows regulated payment methods and makes sure money transactions are done securely.

Instaforex TV

InstaForex offers great web tools for financial brokers and traders who want to understand more about online trading. It also provides knowledge about the latest developments in the financial market, like Forex.

It is a company that offers resources related to the foreign exchange industry and the financial world. Through the company’s official website, users can learn about trading currency pairs and cryptocurrencies, as well as wave analysis and other products. Also provides account management, monitoring, forex analysis, education, and a forum where users can ask questions to experts.

Read more: FXCM Review 2023 – Pros & Cons Revealed (brokerstimes.com)

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