St. Vincent and the Grenadines
Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
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InstaForex is a multi-asset broker with 5 tradable markets [Forex, shares, indices, commodities, crypto]. The company has received a 2.5/5 trust score on the Trustpilot website, receiving +300 reviews.
The maximum trader size in the mentioned broker is 10,000 lots, and the minimum goes down to 0.01 lots.
InstaForex, founded in 2007, is headquartered in St. Vincent and the Grenadines. The company holds more than 250 representative offices worldwide.
Also, this brokerage claims that they serve over 7,000,000 clients, and every day, more than 400 new traders open accounts with them.
The company is regulated by the British Virgin Islands Financial Services Commission (BVI FSC), license number SIBA/L/14/1082.
| Entity Parameters/Branches | InstaFinance Ltd |
Regulation | BVIFSC |
Regulation Tier | 3 |
Country | British Virgin Islands |
Investor Protection Fund/Compensation Scheme | No |
Segregated Funds | No |
Negative Balance Protection | No |
Maximum Leverage | 1:1000 |
Client Eligibility | Global |
The company is known for its early adoption of MetaTrader 4 and for pioneering services like the PAMM investment system.
The brokerage has a European branch, InstaForex EU, which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Ildar Sharipov, founder and CEO of InstaForex since 2007, has led the broker’s global expansion, building a presence in over 190 countries through innovative trading services, strategic sponsorships, and a focus on accessibility for retail traders worldwide.
Let's dive into the nitty-gritty of what InstaForex offers. Here's a breakdown of the key specifications as a Forex broker:
Broker | InstaForex |
Account Types | Insta.Standard, Insta.Eurica, Cent.Standard, and Cent Eurica |
Regulating Authorities | BVI FSC |
Based Currencies | EUR, USD |
Minimum Deposit | $1 |
Deposit Methods | Crypto, Bank Transfer, E-payment Systems, Credit/Debit Cards |
Withdrawal Methods | Crypto, Bank Transfer, Skrill, Neteller, Webmoney, Credit/Debit Cards |
Minimum Order | From 0.01 lot |
Maximum Leverage | 1:1000 |
Investment Options | Yes |
Trading Platforms & Apps | MT4, MT5, Mobile App, Web Platform |
Markets | Forex, Crypto, Stocks, Indices, Metals, Commodities |
Spread | From 0 |
Commission | Withdrawal fee on some accounts |
Orders Execution | Instant, Market |
Margin Call/Stop Out | 30%/10% |
Trading Features | Crypto trading |
Affiliate Program | yes |
Bonus & Promotions | Yes |
Islamic Account | yes |
PAMM Account | yes |
Customer Support Ways | Live chat, call back, feedback form, email |
Customer Support Hours | 24/7 |
This broker offers 4 various account types, differentiating in order size, deposit limitation, etc. InstaForex Accounts:
Account Type | Cent.Eurica | Cent.Standard | Insta.Eurica | Insta.Standard |
Deposit Currency | USD Cents, EUR Cents | EUR, USD | ||
Min. Deposit | $1 | |||
Max. Deposit | $1000 | Unlimited | ||
Min. Order | 0.1 lot | 0.01 lot | ||
Max. Trade Size | 10,000 lots | |||
Max. Leverage | 1:1000 | |||
You can open a demo account and start practicing and improving your skills. Also, an Islamic (swap-free) account is available.
Every broker has its strengths and weaknesses, and InstaForex is no exception. Let's put on our detective hats and investigate the pros and cons:
Benefits | Drawbacks |
Wide range of trading instruments | No High-Tier Regulation |
Multiple account types | - |
High leverage | - |
Popular trading platforms | - |
InstaForex registration consists of 4 steps, plus an additional verification step. Here's a step-by-step guide for opening an account on the official website in the following sections.
Access the broker’s homepage and click on "Open Trading Account" to start the registration.
Select betweenIndividual or Company accounts. Submit a valid email address to move forward.
Enter the required details as follows:
Define a secure password, then select these settings:
Accept the terms and click "Open Account" to finish.
Now, the registration process is completed. For verification, upload the necessary documents in the profile section.
This broker provides a variety of trading platforms to suit different trader preferences. In this section, we will have an overview of each one with related links.
MetaTrader 4 is the most popular trading platform in the world with useful features for traders:
MetaTrader 4 platform for InstaForex on Windows
MetaTrader 5 is the next generation platform of MT4 with more time frames, trading tools, and additional features:
InstaForex MetaTrader 5 platform for traders available on Windows
TradingFinder has developed a wider range of MT4 and MT5 indicators that you can use for free.
This platform allows for working on several trading accounts at the same time. Traders who manage accounts for their clients find this an ideal tool.
It's the proprietary platform of the broker, accessible on the web from anywhere:
You can access InstaForex WebTrader via the provided link.
It's the proprietary platform's app for mobile phones. Key features:
Download it via this link: InstaTrade Android
This broker offers competitive spreads across its trading accounts. In the table below, you will have a glance at the specifics:
| Account Type | Spread |
Insta.Standard | From $3-7 |
Insta.Eurica | From 0 USD |
Cent.Standard | From 3-7 USD |
Cent.Eurica | From 0 |
Brokers charge rollover fees for leveraged positions held overnight. Triple-swap applies to over-the-weekend positions. Here are some examples of swap rates on InstaForex:
| Instrument | Swap Long | Swap Short |
EURUSD | -0.94 | 0.12 |
GBPUSD | -0.55 | -0.33 |
USDJPY | -1.35 | -2.25 |
XAUUSD | -109 | 0.69 |
EURGBP | -0.69 | -0.04 |
Dormant accounts incur a €5 monthly inactivity fee after 3 months without trading. This applies to positive balances inactive for 3 months, billed on the 1st of each month until the balance reaches zero.
This broker provides a decent range of deposit and withdrawal options for traders. Note that some of these options may notbe available in your region or jurisdiction:
The broker provides multiple funding options with quick processing times, including 24 hours for card deposits.
While payment system transactions are processed in 2 minutes, bank transfers take 1–3 days.
Deposit method | Payment system | Currency | Processing period |
Bank card | VISA/MasterCard | USD/EUR | 24 hours |
Skrill | USD/EUR | 24 hours | 24 hours |
Bank wire | Bank wire | EUR | 2-4 bank days |
Skrill | Skrill | USD/EUR | 24 hours |
Neteller | Neteller | USD/EUR | Instant |
PayCo | PayCo | USD | Instant |
BitCoin | BitCoin | USD | 3 hours |
LiteCoin | LiteCoin | USD | 3 hours |
Tether | B2BinPay | USD | 3 hours |
PayLivre (Brazil) | PayLivre | USD | 24 hours |
Southeast Asia Bank transfers | Southeast Asia Bank transfers | IDR/MYR/THB/VDN | 1-7 finance department working hours |
Local Transfers | Local Transfers | IDR/MYR/CHY/PKR/THB/ | 1-2 working hours/1-2 bank days |
Withdrawals must be made to the same payment system and account details used for the deposit.
If multiple systems, wallets, or currencies were used, funds are withdrawn proportionally from each source.
Deposit method | Withdraw method | Currency | Processing period | Fee |
Bank card | VISA/MasterCard | USD/EUR | 1-6 bank days | 2.5% +3.50 EUR/USD |
Skrill | USD/EUR | 1-7 finance department working hours | 1.39% | |
Bank wire | Bank wire | EUR | 2-4 bank days | 2% |
Skrill | Skrill | USD/EUR | 1-7 finance department working hours | 1.39% |
Neteller | Neteller | USD/EUR | 1-7 finance department working hours | Transaction fee - 2%. If the withdrawal amount less than 50 USD an additional commission 1 USD will be charged. |
PayCo | PayCo | USD | 48 hours | Payment system fee |
BitCoin | BitCoin | USD | 1-7 finance department working hours | 0.5% |
LiteCoin | LiteCoin | USD | 1-7 finance department working hours | 0.5% |
Tether | B2BinPay | USD | 3 hours | No fee |
PayLivre (Brazil) | PayLivre | USD | 24 hours | 1.5% |
ChinaUtionPay | ChinaUtionPay | CNY | 1-7 finance department working hours. System's processing time - 1-2 business days. | 1.5%-1.8% |
Southeast Asia Bank transfers | Southeast Asia Bank transfers | IDR/MYR/THB/VDN | 1-7 finance department working hours | Fees: 2% + 0.3 EUR (minimum 1 EUR |
Note: Withdrawal processing is done via InstaForex Finance Department from Monday to Friday, 10 a.m. to 7 p.m. (UTC+3).
This broker offers options for earning passive income, including copy trading.
This company provides access to several markets with a good number of symbols, including the Forex market and Cryptocurrencies.
Some trading instruments on the InstaForex broker
Here's an overview of the InstaForex trading markets:
Category | Type of Instruments | Number of Symbols | Competitor Average | Max Leverage |
Forex | CFDs | 110 | 50 - 70 currency pairs | 1:1000 |
Indices | CFDs | 15 | 10 - 20 instruments | 1:100 |
Stocks | CFDs | 83 | 800 - 1200 | 1:20 |
Commodities | CFDs | 21 instruments | 15 - 30 instruments | 1:500 |
Cryptocurrencies | CFDs | 14 instruments | 20 - 30 instruments | 1:25 |
CFDs | 50 contracts | N/A | 1:100 |
The discussed broker offers a set of promotions and bonuses, which are listed below:
InstaForex has cemented its position as a global leader in forex, earning multiple awards over the years for innovation, trust, mobile technology, and educational excellence across key financial markets worldwide.
The brokerage provides 24/7 customer services through various channels, in more than over 25 languages. InstaForex support channels:
While the broker doesn't publicly provide a comprehensive list of restricted countries, here is a list of regions where its services may be restricted due to international sanctions or strict forex trading regulations:
Always ensure you're complying with your local laws and regulations before engaging in forex trading.
This company has received mixed reviews and trust scores from users and reliable sources. Here's a breakdown of InstaForex's ratings:
Some sources, such as ForexPeaceArmy, claim it is a scam company, while others recommend it to traders.
Broker InstaForex users' mediocre score on Trustpilot website
This broker has done a very good job regarding educational materials. This section on the website consists of several main parts, which will be discussed here:
Overall, it appears to be a great starting point for users new to the financial industry.
Check TradingFinder's Forex education section for additional resources.
The table below compares the broker against the competition at a glance:
Parameter | InstaForex Broker | |||
Regulation | BVI FSC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FSC, CySEC | None |
Minimum Spread | 0.0 Pips | From 0.0 pips | 0.0 Pips | 0.1 Pips |
Commission | Variable | From $0.2 | From $0 | $0 |
Minimum Deposit | $1 | $10 | $5 | $10 |
Maximum Leverage | 1:1000 | Unlimited | 1:3000 | 1:3000 |
Trading Platforms | MT4, MT5, Mobile App, Web Platform | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, Mobile App | MT4, MT5 |
Account Types | Insta.Standard, Insta.Eurica, Cent.Standard, and Cent Eurica | Standard, Standard Cent, pro, Raw Spread, Zero | Standard | Standard, Premium, VIP, CIP |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 340+ | 200+ | 550+ | 50+ |
| Trade Execution | Market, Instant | Market, Instant | Market | Market, Instant |
InstaForex is a brokerage company offering 24/7 support in over 25 languages. There are 4 account types [Insta.Standard, Insta.Eurica, Cent.Standard, and Cent Eurica] with a minimum deposit of $1.
EUR and USD are accepted as deposit currencies on the mentioned website. The maximum deposit on cent accounts is limited to $1,000.
InstaForex allows users to start trading with a minimum deposit of just $1. This applies to all account types, including Cent and Standard versions. This low entry threshold makes it accessible for beginners and those wanting to test the broker’s services without risking significant capital.
InstaForex offers MetaTrader 4, MetaTrader 5, WebTrader, and Mobile Trader platforms. MT4 and MT5 are ideal for technical traders and support automated trading. WebTrader is browser-based and best for users who switch devices frequently. Mobile Trader enables access on the go with full order tracking and analysis tools.
InstaForex is regulated by the BVI FSC (license SIBA/L/14/1082) and its European branch by CySEC. However, the broker has mixed trust scores: 2.5/5 on Trustpilot and 1.3/5 on ForexPeaceArmy, indicating user caution is advised. It is not considered a highly-regulated broker by global standards.
InstaForex provides four account types: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. Cent accounts use USD/EUR cents, making them suitable for micro-trading. Eurica accounts offer zero spreads but charge commissions. Standard accounts are commission-free with wider spreads.
Yes, InstaForex offers Islamic accounts on request. These accounts operate without swap (overnight) fees, aligning with Sharia law. Ideal for traders who follow Islamic finance principles.
InstaForex offers leverage up to 1:1000, which is among the highest in the industry. However, high leverage also increases risk, and it's advised that traders use appropriate risk management strategies.
The PAMM system allows investors to allocate funds to skilled traders (money managers). Profits and losses are distributed proportionally. Multiple PAMM accounts with varied risk levels are available, and performance data is publicly accessible, enhancing transparency.
Yes. InstaForex offers Forex Copy (copy trading) and PAMM investment services. ForexCopy enables users to replicate trades from top performers. Users can also become Providers and earn commissions. These options help users generate income without manual trading.
InstaForex frequently runs promotions like: 100% deposit bonus (up to $2,000), 55% recurring deposit bonus, and 30% welcome bonus. Conditions apply, and bonuses may affect withdrawals or margin requirements.
InstaForex supports bank transfers, cryptocurrencies (BTC, ETH, USDT), credit/debit cards, and e-wallets like Skrill, Neteller, and WebMoney. Availability may vary by country. Some withdrawals incur a fee depending on the account and method.
InstaForex spreads vary by account type. For example, Insta.Eurica and Cent.Eurica accounts offer zero spreads but include commissions. On the other hand, Standard accounts offer spreads from $3 to $7 without added commission.
Yes. InstaForex offers a free demo account that mirrors real trading conditions. It’s ideal for beginners or strategy testing, and supports MT4, MT5, and WebTrader platforms.
The ForexCopy system allows users to choose from a list of top traders, view detailed statistics, and follow them in real-time. It offers custom risk settings and flexibility to stop copying anytime. This service is ideal for less experienced traders.
InstaForex gives access to forex pairs, cryptocurrencies, commodities, stocks, indices, and metals. This diversity allows traders to build diversified portfolios across global markets, including BTC, ADA, XRP, gold, oil, and major stocks.
Yes. InstaForex does not serve clients from countries such as the USA, Canada, EU member states, Japan, Australia, and North Korea. These restrictions are mainly due to local regulations and international sanctions.
