InstaForex: Detailed report and Review

InstaForex user-ratings: $1
9.4 of 10 points 1 reviews
  • Asset varierity - 10/10
  • Trading platform - 9.5/10
  • Support - 9/10
  • Fees - 8.5/10
  • Deposit/Withdrawal - 10/10

Facts about the company:

  • Type: Forex and CFD Broker
  • Regulation: BVI FSC, CySEC
  • Minimum deposit: $1
  • Demo account: Free
  • Markets: Forex,  Currencies, Stocks, Indices, Commodities, Cryptocurrencies
Comments Rating 9.4/10 (1 review)


  • Competitive fees
  • Multilingual customer service
  • Low minimum deposit
  • Trading with MT4 and MT5 
  • Bonus options available 
  • Educational offerings


About InstaForex

InstaForex was founded in 2007 and has its headquarters in Kaliningrad. The ECN Broker is particularly popular in Asia and Eastern Europe, but more and more German traders are also taking advantage of the ECN Broker’s very good conditions. Investors can trade more than 100 currency pairs and numerous CFDs via MetaTrader 4 or MetaTrader 5. Besides numerous tutorials and an online course, there is also the possibility of social trading. Here the trading behavior of successful traders can be copied in real-time.

Screenshot of the InstaForex landing page

The customer service itself is first class and available 24 hours a day. Traders especially appreciate the wide range of products, the professional trading platforms, and the many bonuses offered, which existing customers can also receive.

The facts at a glance:

  • Domicile and regulation in Russia
  • Trade Forex and CFD via MT 4 or 5
  • 24 hours customer support, unfortunately only in English
  • Extensive up-to-date information and training offers
  • maximum lever of 1:1000
  • More than 100 currency pairs
  • Many ways to get a bonus

Is InstaForex reputable?

lupeInstaForex is subject to supervision by the Russian financial supervisory authority RAFMM. Although this means that there is no EU regulation, which is often criticized in this broker, InstaForex is not allowed to operate without supervision. Similar to regulation within the EU, the RAFMM must also have clear transparency regarding the management of the funds. Even though we generally recommend that brokers with EU regulation are preferred, we consider InstaForex to be serious, because the broker not only adheres to security standards but also has a very good reputation. Clients have been able to trade at InstaForex for almost 10 years now and the broker has a large number of clients from all over the world. Problems with seriousness would have been known in the financial world long ago.

The lack of EU regulation is not due to a lack of seriousness but is simply due to the fact that the provider has most of its clients in Eastern Europe and Asia. Therefore, trading is also carried out according to the standards there and not under the regulation of an EU supervisory authority. Since InstaForex is an ECN broker, no conflicts of interest arise between the broker and the client with regard to the prices offered. The working model of the broker also offers additional protection against fraud, as the inquiries are directly forwarded to a large market. InstaForex does not earn money on the profits or losses of its clients, but only on the spreads or commissions.

Is the broker InstaForex safe?

Trading in foreign exchange is already a high-risk business since although the prices can be professionally analyzed, in the end, it is still a very speculative investment. However, when it comes to general security, one should not speculate, because a reputable broker is one of the basic requirements for making good money in Forex trading. An aspect of InstaForex that is often criticized by German traders is the exclusive regulation by the RAFMM in Russia. There is no additional regulation by an EU authority, as the broker currently only has branches in Eastern Europe and Asia. Nevertheless, there have not been any serious problems with this provider since its foundation in 2007 and the customers’ money has always been paid out. The Broker is also bound by strict conditions in the RAFMM so that the basic requirements for secure trading are also present here.

Registration is straightforward and can be completed in just a few minutes. The button for opening an account is unusually located at the bottom of the start pages, but in many subcategories the opening form is also linked. After the client opens the online registration form and enters his personal data, he sends it to InstaForex. Before doing so, it must be confirmed that the general terms and conditions have been read and accepted. After the trading account has been opened and the client has received his login information by e-mail, the deposit can begin. Alternatively, the No Deposit Bonus can also be used. Traders can receive up to 100 USD for free and start trading without making a deposit. Before doing so, however, the bonus conditions should be read, because a payout of the bonus money is only possible after it has been wagered several times while trading.

Trading with InstaForex

The trading platform InstaForex provides all clients with the popular MetaTrader 4 as a trading platform. Moreover, clients can even choose the successor version, MetaTrader 5. A mobile application is also available so that Forex trading is possible on the go without any major restrictions. With a multi-platform, there is also the possibility to manage several trading accounts in only one application.
A minimum deposit is not required and the trading platforms, the use of which is subject to conditions with many other brokers, are also available to InstaForex clients without any restrictions.

MetaTrader can be extended with many extras, which makes it an attractive trading platform even for professional traders. Fees are charged either in the form of commissions or as fixed spreads, depending on the type of trading account chosen. The spreads for the majors are usually around 3 pips, which is a good average. The commissions are also at industry standard levels.

Account opening and extras

opening an account2Account management at InstaForex is free of charge and available in EUR, USD, and RUR. When opening an account, the usual information must be provided. Before withdrawing funds, the information provided during registration must be confirmed by verification. This can be done, for example, by sending a copy of the customer’s identity card to the relevant customer service department.

Deposits can be made by bank transfer, instant bank transfer, credit card, various e-wallets, and numerous other payment methods. Traders can even use Bitcoin to pay with this provider. There is no minimum deposit required and with the convenient cent accounts, trading can be done with particularly small amounts. Immediately after making a deposit, the account can be used to trade Forex products, provided that a payment method has been used where the deposited money is immediately credited to the trading account.

InstaForex offers its clients access to a very wide range of training materials. Beginners can learn how to trade even without any previous knowledge. With a lot of additional information such as current market analyses and expert analysis, traders have an advantage and can easily and quickly learn about current opportunities and risks

Open an account with InstaForex in a few steps

InstaForex already has a very large customer base, but new traders are added daily, who also want to profit from the particularly good conditions.

Traders receive a 30% bonus on their first deposit. The bonus balance is not automatically credited. Traders must therefore find out for themselves on the InstaForex website which bonus is eligible for them and then submit a bonus application to the support team. This sounds complicated at first, but it is not very time-consuming and can be done quickly.

Payout conditions for the InstaForex bonus

As with almost all other online brokers, InstaForex must first meet certain conditions before a bonus can be paid out. If a withdrawal is made from a trading account before the bonus conditions are met, the bonus may expire. Therefore, you should always make sure that you first reach the required trading volume before making a withdrawal.

Most bonuses are not automatically credited to the trading account but must be requested from support. There are special application forms for this purpose, in which the customer has to enter which bonus he wants to receive. Usually, such a form is filled in quickly and the bonus will be credited to the account soon. Traders can read the exact bonus terms and conditions for each promotion on the InstaForex website.

Demo account

For many traders a demo account is an important prerequisite for registering with an online broker. After all, they want to get to know the company’s offer before they register for a real money account.
InstaForex offers its clients free access to a demo account. This allows users with play money to use all functions and the MetaTrader 4 trading platform. Thus, there is no need to risk money and InstaForex Forex trading can still be tested under absolutely realistic conditions.

An advantage of registering a demo account is that not much information is required. It is enough to provide your name, phone number, and e-mail address, and the demo account is opened. The trader can decide for himself how much play money he wants to receive on his account. Possible amounts are between 100 and 50,000 USD.

We are very positive that the use of the demo account is not limited in time. It can therefore still be used for training after opening a real money account. In connection with the numerous video tutorials and the trading course at InstaForex, you can therefore train in the best possible way. New topics can be wonderfully understood and gradually integrated into your own trading strategy. InstaForex also makes it especially easy to get started trading with real money, because many beginners like to use the cent accounts after the demo account, where only very small stakes are required. In this way, it is possible to trade with real money without risking too much.

To sum up:

  • Free access to a demo account
  • Not much information is required to open a demo account
  • Possible amounts are between 100 and 50,000 USDs
  • Risk-free trading is possible

How many currency pairs can be traded through InstaForex?

The number of currency pairs that can be traded at a broker is especially important for traders who like to trade more unusual pairs off the majors. Euro, US Dollar, British Pound, and other popular currencies are traded in various combinations at all providers. More exotic currencies, on the other hand, cannot be found everywhere. Many traders like to take the opportunity to make a good trade-off the mainstream. At InstaForex this is not a problem, because the broker has considerably more than 100 different currency pairs on offer, so that not only the usual combinations can be found here, but also plenty of exotic currencies. In this way, market movements can be optimally exploited in many areas. In a strategy that relies predominantly on exotics, however, it must always be borne in mind that the spreads for exotics are generally higher for all providers than for the more frequently traded currency pairs. Although there are also differences in fees at InstaForex, fortunately, the spreads or commissions are not very high even for the exotics.

Social trading

Social trading is becoming more and more popular among traders, as it offers many opportunities to beginners, advanced traders, and professionals and is also fun.

So far, not many brokers offer their clients the possibility of social trading. InstaForex is also very modern in this respect, as there are extensive possibilities and a large community. Traders can communicate with each other via the forum and direct contact is also possible. Successful traders can agree that other users can copy their trades in real-time and apply them to their own portfolio. In return, they receive a commission, which can be paid out either in the form of a fixed amount for each follower or as profit sharing. Especially good traders can earn a very good additional income in this way.

Beginners profit from the fact that they do not have to make the decisions themselves, but simply copy the strategies of successful traders. In the ideal case, however, it is not a purely passive investment, but the copy traders can learn a lot from the signal providers because they usually explain their decisions and discuss particularly interesting trades with their followers in detail. In this way, they learn quickly and questions are quickly answered among themselves.

Customer support

The extensive service of the broker InstaForex has already been awarded prizes. The customer service is very easy to reach. In addition to the usual contact possibilities such as telephone and e-mail, a free callback service is also offered. InstaForex can also be easily contacted via What’s App, Skype, and Twitter. The 24-hour service of the technical support team means that problems are solved immediately and there are no long waiting periods during which customers are kept from trading.

InstaForex is a very internationally oriented provider, which is also reflected in the website, which is available in numerous languages. The main language for customer service in English, so basic English skills should be present when customers choose this provider. Fortunately, if there are any language problems, the customer service staff are very patient and will try to clarify them. Although it can be more difficult to communicate with customer service than with European brokers, it is worth accepting this because of the otherwise very good trading conditions.

Support available: 24/7
Telephone:Callback customer service


InstaForex convinces in our Broker Test with a long experience in the market and a good reputation. By waiving a minimum deposit, traders who do not want to invest a lot of money can also trade here. The cent account is another good prerequisite for this because there is no need to invest large amounts in individual trades. The Russian online broker is also absolutely competitive in terms of fees. Customers can choose whether they prefer to pay the fees in the form of fixed spreads or as a commission. A different trading account is offered for each of the two options.

Traders can use MetaTrader 4 as a trading platform and the newer MetaTrader 5 can also be used. A free demo account makes it easier, especially for beginners, to start trading. With the numerous bonus offers, customers can regularly secure additional trading credit and thus increase their profit.

Most asked questions:

What makes InstaForex trustworthy?

InstaForex is regulated by the FCA the BVI and more official regulations. Moreover, customer service is transparent and available around the clock via various contact options. In addition, the minimum deposit is minimal which guarantees risk-free trading with any budget.

For whom is InstaForex a good trading option?

InstaForex is a great trading option for both beginners and professionals. Beginners can start trading from a budget of only $1 while professional traders can trade with additional tools and under the best infrastructure.

Is there a bonus?

InstaForex offers a lot of bonus options for its clients. You can take a look at the website and find all the different bonus options that can be activated by traders. With that, traders have an even higher ambition to trade.

What is the maximum value of options?

While other brokers have a minimum deposit of $1000, this is the maximum value of options available at InstaForex. However, there is no maximum value of options per day or even a limit of orders per day.

One Response

  1. Andre Witzel September 21, 2020

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