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 Forex Broker - Company Information & Regulation
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.
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).
Summary of Specifications
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 |
InstaForex Account Types
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.
Benefits & Drawbacks Overview
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 | - |
Account Opening & Authorization
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.
#1 Visit the Official InstaForex Website
Access the broker’s homepage and click on "Open Trading Account" to start the registration.
#2 Choose Account Type & Provide Email
Select between Individual or Company accounts. Submit a valid email address to move forward.

#3 Fill Out Personal Details
Enter the required details as follows:
- Date of birth
- Residential address
- City
- Region
- Zip code
- Mobile number
#4 Configure Trading Settings
Define a secure password, then select these settings:
- Account type
- Leverage ratio (up to 1:1000)
- Trading server
- Base currency

Accept the terms and click "Open Account" to finish.
#5 Verify
Now, the registration process is completed. For verification, upload the necessary documents in the profile section.
InstaForex Trading Platforms and Apps
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 (MT4)

Most popular trading platform in the world with useful features for traders:
- 9 time frames
- Access to financial news
- Automated trading
- A vast range of indicators and advisors, available for free
- One-click trading
- MQL4 language for creating customized indicators and tools
MetaTrader 5 (MT5)

It's the next generation platform of MetaTrader 4 with more time frames, trading tools and additional features:
- 21 time frames
- Access to advanced technical tools
- Expiry dates for pending orders
- Quotes archive
- Market Depth for more pricing information
- Fill in the Policy feature in the Order window
MetaTrader MultiTerminal
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.
WebTrader
It's the proprietary platform of the broker, accessible on the web from anywhere:
- Browser-based platform, no download required
- Compatible with all operating systems
- Access to main trading functions and charts
- Ideal for traders who switch between devices frequently
You can access InstaForex WebTrader via the provided link.
Mobile Trader
It's the proprietary platform's app for mobile phones. Key features:
- Track all orders from various types, including pending ones
- User-friendly interface
- Access to different time frames
- Little traffic consumption
Download it via this link: InstaTrade Android
InstaForex Spreads and Commissions Specifics
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 |
Based on the research and investigations of the broker, there's no hidden fee on it.
Methods to Deposit and Withdraw on InstaForex
This broker provides a decent range of deposit and withdrawal options for traders. Note that some of these options may not be available in your region or jurisdiction:
- Bank Transfer: Local payments
- E-payment Systems: Skrill, Neteller, Webmoney, PayCo, etc.
- Cryptocurrencies: Bitcoin, Litecoin, Ethereum, and USDT
- Credit/Debit Cards: Visa and Mastercard
Does InstaForex Offer Any Copy Trading & Investment Options?
This broker offers options for earning passive income. InstaForex's key investment options overview:
ForexCopy system
- Allows traders to copy trades from successful traders
- Traders can become "Providers" and earn commissions from "Followers"
- Followers can adjust copying settings and risk levels
- Real-time copying with transparent performance statistics
PAMM accounts
- Investors can allocate funds to skilled money managers
- Profits are distributed proportionally based on the investment amount
- Multiple PAMM account options with varying risk levels
- Regular performance reports and ratings available
InstaForex Markets and Trading Symbols

This company provides access to several markets with a good number of symbols. Available markets overview:
- Forex Currencies: Major, minor, and exotic pairs are available
- Shares: large market cap companies
- Indices: Global stock indices
- Commodities: Oil, cocoa, cotton, coffee, etc.
- Crypto: BTC, DOGE, ADA, XRP, etc.
InstaForex Bonuses and Promotions
The discussed broker offers a set of promotions and bonuses, which are listed below:
- 100% bonus: earn 100% up to $2000 on your first deposit
- 55% bonus: get 55% on each deposit (expires on 28 Aug 2024)
- 30% promotion: a welcome bonus for first-time participants
How & When to Contact Support on InstaForex?
The brokerage provides 24/7 customer services through various channels, in more than over 25 languages. InstaForex support channels:
- Live Chat: Available directly on the website or through social media platforms
- Email: support@mail.instaforex.com
- Callback Request: accessible on the website
- Feedback form: available through the official website
InstaForex List of Restricted Countries
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:
- United States
- Canada
- United Kingdom
- European Union member states
- Japan
- Australia
- New Zealand
- North Korea
- Iran
- Syria
- Cuba
Always ensure you're complying with your local laws and regulations before engaging in forex trading.
InstaForex Trust Scores & Reviews
This company has received mixed reviews and trust scores from users and reliable sources. Here's a breakdown of InstaForex's ratings:
Broker InstaForex users' mediocre score on Trustpilot website
- InstaForex Trustpilot: 2.5 out of 5, based on over 300 reviews
- ForexPeaceArmy: 1.3 out of 5, with more than 200 reviews
- Reviews.io: 3.3/5 based on +50 ratings
Some sources, such as ForexPeaceArmy, claim it is a scam company, while others recommend it to traders.
How is the Educational Section and its level of Content?
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:
- News about the EURUSD pair
- Reviews of Forex by analysts
- Forex glossary of terms
- Articles and content on "How to Start Trading"
- Video tutorials
- Free online courses
Overall, it appears to be a great starting point for users new to the financial industry.
InstaForex Compared to Other Brokerages
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 |
TradingFinder Expert's Suggestions
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.