InstaForex EU is a broker with 3 different investment options [MT5 Copy Trading, OYS Portfolios, Synthetic Assets]. It offers 6 main trading accounts [ECN, ECN Pro, and ECN VIP for MT4 and MT5].
There are 5 tradable markets [Forex, commodities, stocks, crypto, indices] available in this broker.
InstaForex EU Company Information & Regulation
InstaForex EU's website, instaforex.eu, is operated by INSTANT TRADING EU LTD, a company registered at Spetson 23A, Leda Court, Block B, B203, 4000, Mesa Geitonia, Limassol, Cyprus.
The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15.
Key Specifications and Features
Let's break down the notable specifics and features that make InstaForex EU a multi-asset brokerage:
Broker | InstaForex EU |
Account Types | MT5 ECN, MT5 ECN Pro, MT5 ECN VIP, MT4 ECN, MT4 ECN PRO MT4 ECN VIP, Demo |
Regulating Authorities | CySEC |
Based Currencies | EUR, USD, PLN, CZK, GBP |
Minimum Deposit | 200 EUR |
Deposit Methods | Credit/Debit Card, Skrill, Neteller, Bank Transfers |
Withdrawal Methods | Credit/Debit Card, Skrill, Neteller, Bank Transfers |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:30 for Retail 1:500 for Professional |
Investment Options | MT5 Copy trading, OYS Portfolios, Synthetic Assets |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5 |
Markets | Forex, Commodities, Stocks, Crypto, Indices |
Spread | Raw on MT5 Accounts Floating on MT4 Accounts |
Commission | Variable |
Orders Execution | Market |
Margin Call/Stop Out | Not Specified |
Trading Features | Economic Calendar, Forex Portal |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Phone Call, Email, Callback Request |
Customer Support Hours | 24/5 |
Account Types Specifics and Comparison
The brokerage offers a decent variety of 6 account types plus a demo account to suit different trading needs and styles.
Let's compare the main account types:
Account Type | MT4 | MT5 | ||||
ECN | ECN Pro | ECN VIP | ECN | ECN Pro | ECN VIP | |
Deposit Currency | EUR, USD, PLN, CZK | EUR, USD, PLN, CZK, GBP | ||||
Min. Deposit (EUR or Equivalent) | 200 | 2,000 | 10,000 | 1,000 | 10,000 | 50,000 |
Trading Instruments | 260+ | 2,500+ | ||||
Order Execution | Market | |||||
Personal Account Manager | Yes | |||||
VPS Server | No | Yes | ||||
Leverage up to 1:30 is available for retail clients and goes up to 1:400 for professional traders, in compliance with EU regulations.
Account Creation and Verification: Quick Guide
The registration process with InstaForex EU is similar to that of most other brokers regulated by CySEC, consisting of a questionnaire.
How to Open an Account:
- Go to the broker's official website and click "Open trading account";
- Fill in your name, country of residence, phone number, and email address;
- Enter the captcha code and confirm the first 2 statements (third is optional), then click "Register", or you can continue with your Google or Facebook account;
- Provide the verification code sent to your phone number or email address.
Now, your account is created in the brokerage. For a complete access, pass the questionnaire and submit the required documents to verify your account.
Trading Platforms and Terminals
InstaForex EU offers two of the most popular trading platforms in the forex industry to its clients: MetaTrader 4 and MetaTrader 5.
These terminals include every essential feature for trading in financial markets, such as charting tools, indicators, Expert Advisors, market depth, and more. Download or access these platforms via these:
MetaTrader 4:
MetaTrader 5:
Trading Spreads, Commissions, and Non-trading Fees
InstaForex EU offers competitive pricing across its account types. Let's take a look the trading costs in the table below:
Account Type | MT4 | MT5 | ||||
ECN | ECN Pro | ECN VIP | ECN | ECN Pro | ECN VIP | |
Spread | Floating | Raw | ||||
Commission | Variable | Variable Based on The Instrument | ||||
There are no deposit fees regardless of the used method; however, a withdrawal fee is charged on some payment options and account types.
Also, for accounts that are inactive for more than 6 months, a 5 EUR (or equivalent) monthly fee will be deducted from the client's account.
Deposit and Withdrawal Options
InstaForex EU provides 6 payment methods for deposits and withdrawals. We will mention these options in the list below:
- Credit/Debit Cards: VISA and MasterCard;
- E-wallets: Skrill, Neteller;
- Bank Transfers: SEPA, SWIFT.
Copy Trading and Other Investment Features in InstaForex EU Broker
Investment options are ways to earn passive income in a financial company. The discussed broker offers 3 of these choices to traders:
- MT5 Copy Trading: Automatically copy the signals provided by successful traders;
- OYS Portfolios: Invest in pre-built portfolios managed by professionals;
- Synthetic Assets: Earn dividends on synthetic shares in the broker.
Are There Any Bonuses and Promotions?
Based on our investigations, at the time of writing this article, InstaForex EU does not offer traditional deposit or non-deposit bonuses, in compliance with EU regulations.
This approach is the same as that of many other brokers regulated by CySEC.
Support Contact Options and Open Hours
InstaForex EU provides a useful set of options for support, providing 4 channels:
- Phone: +35725654112 and other numbers in several countries;
- Email: support@instaforex.eu;
- Live Chat: Accessible via the website, WhatsApp, and Facebook Messenger;
- Callback Request: Option to request a call from the support team on the website.
Support is available 24/5 for the Cyprus head office, with varying hours for branch offices in Poland, Slovakia, Czech Republic, Hungary, and Bulgaria.
Trust Scores and User Ratings
Sources like Trustpilot and ScamAdviser are reliable platforms for evaluating the trust score of financial companies.
InstaForex EU has received mixed reviews from traders:
- Trustpilot: 3.2/5 based on more than 10 reviews;
- ScamAdviser: Trustscore of 5/100, with +20 user reviews averaging 2.2/5.
Overall, the number of reviews are too low to be taken into account.
Conclusion And Final Words
InstaForex EU requires a minimum amount of 200 EUR (or equivalent) for the initial deposit and charges a monthly inactivity fee of 5 EUR after an inactive period of 6 months for an account.
The broker has received a trust score of 2.2/5, based on more than 20 user reviews on the ScamAdviser website.
