Buzz
Since its establishment, InstaForex has received numerous prestigious awards and titles in the industry, including: Best Broker in Asia for multiple consecutive years as well as Best Retail Forex Broker awards from leading public media outlets such as CNBC Business Magazine and European CEO. Additionally, InstaForex has a presence at international financial events such as ShowFX World, ShowFX Asia, CIOT EXPO, and Jordan EXPO. Check out detailed reviews of the InstaForex platform below.
- More information: InstaForex platform review
InstaForex platform, assessing the platform
What is InstaForex? Is it reputable?
To understand what InstaForex is and whether it is reputable, readers can refer to the following sections in the article below.
Types of InstaForex Trading Accounts
Different types of trading accounts on InstaForex include:
- The Insta.Standard account is provided to all traders and does not incur any trading fees. Account features allow trading with Micro Forex accounts, with a minimum deposit of 1 - 10 USD, Mini Forex with a minimum deposit of 100 USD, and
The main advantage of this account type is its universality, allowing traders to choose different deposit amounts and adjust trading leverage. Traders pay spreads for these accounts.
- The Insta.Eurica trading account has no spread. This account type is recommended for beginners as orders are executed immediately when the price reaches the value if the spread is 0 pip. Additionally, this account allows less experienced traders to learn about the market by using a simpler trading system.
Professional traders with extensive experience can also utilize this account type as its trading features closely resemble those of the Insta.Standard account.
- The Cent.Standard and Cent.Eurica trading accounts are mainly designed for novice traders, as these accounts require a minimum trading volume. This account type is suitable for those who want to test trading strategies with minimal risk by leveraging the trading advantage of 0.0001 lot.
The trading features of the Cent.Standard and Cent.Eurica accounts are similar to those of the Insta.Standard and Insta.Eurica accounts, differing only in the minimum deposit amount for each account.
Additionally, InstaForex also provides demo accounts for traders who are still unsure about their trading skills. Traders can open a demo account with full functionality using the MetaTrader 4 platform, supporting over 107 currency pairs, 34 US CFD stocks, futures contracts, gold and silver trading, and many other transactions.
Features
Account holders can access the InstaForex Client Cabinet, where they can read news, financial documents, as well as events and security information.
The trading platform also provides and updates market analysis information analyzed daily by InstaForex experts, as well as market signals and price volatility forecasts for customers. Each signal provides summary information, calculation formulas, and tips for real trading. Indicators are available for download and installation on the MetaTrader 4 platform.
Additionally, InstaForex also has a dedicated forum for account holders, as well as articles and blogs about the trading platform.
InstaForex's PAMM system enables traders to invest in forex projects. All clients of the company can accept investments from other traders or invest funds in PAMM accounts and become shareholders of these accounts.
InstaForex's ForexCopy system is an innovative service that allows traders to copy trades of successful forex traders at a predefined ratio.
InstaForex Bonuses
InstaForex offers significant bonus amounts and promotions. At the time of writing, the trading platform provides customers with bonuses including:
- Volume Bonus (trading volume bonus): Get a 55% bonus for deposits made by InstaForex clients after June 15, 2013. The 55% bonus has no maximum or minimum amount limits and applies to all deposits, regardless of whether the trades are profitable or not. This offer is valid until April 28, 2015.
- Welcome Bonus: InstaForex offers customers the opportunity to receive a 30% bonus when they start trading, just by registering and filling out the online registration form.
- LFC 100% Partner Bonus: InstaForex company partners with Liverpool FC - one of the most famous football clubs in England. To celebrate this event, the company provides customers with a special 100% bonus on their first deposit.
In addition to the bonuses listed above, all InstaForex club cardholders receive a 1% bonus for deposits of $500 and a 10% bonus for deposits of $15,000.
Among forex trading platforms, only InstaForex offers Coupon Bonus rewards, which apply to new customer accounts. Instaforex partners can receive bonus coupons worth $10 and $50 for each trade, depending on their trading activity.
Additionally, the trading platform provides various promotional programs for customers. Specifically, prize-winning promotions include luxury car giveaways. However, this program started on April 22, 2013, and ended on October 19, 2015.
Customer Education
InstaForex offers a range of instructional videos and customer training courses, allowing traders to test their trading strategies based on technical analysis on popular platforms like MetaTrader 4 and MetaTrader 5. The Forex trading simulator enables users to quickly review their trades and receive instant feedback on profit-taking or stop-loss orders.
Deposit / Withdrawal
The deposit and withdrawal payment system on InstaForex must match, meaning deposits and withdrawals must be made using the same method. The trading platform supports deposit and withdrawal methods through credit cards, bank wire transfers, InstaForex debit cards, Skrill, MoneyBookers, Neteller, and a range of other online payment options.
Different deposit and withdrawal methods will incur different fee levels. Additionally, customers can deposit Bitcoin without any fees, and transactions are processed within 3 hours.
Customers adding funds to their accounts via credit card, in USD currency, can withdraw amounts below 300 USD via MoneyBookers/Skrill and over 300 USD via bank wire transfer.
Customer Support
InstaForex provides 24/7 customer support via email, phone calls, and live chat from 7:00 to 16:00 UTC. Different departments have different customer support phone numbers.
So there you have it! This article from Mytour just answered your question about InstaForex. Furthermore, if you're interested in XM or Binary brokers, you can check out some other articles on Mytour for more information.
