Instaforex Broker Overview

Minimum Spread :   From 0
Foundation Year :   2007
Min Deposit $ 1
Broker Trusted Point+1
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InstaForex

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Instaforex Broker Review – Trading & Website Analysis: InstaForex determines in qualifying for quick foreign exchange currency for its clients. The company has been rendering services since 2007 in the niche domain of foreign currency exchange.

It boasts of institutionalizing more than three million customers as well as takes pride in the feat. The brokerage firm guarantees the safety and security of transactions for traders on their platform.

The website touts to house a team of young professionals who take care of all dealings and business-related inquiries. Let’s find out and confirm the claims made by them:-

Important Points For Instaforex Broker Review

Trading Platforms on InstaForex

Investors want a user-friendly platform for placing their bidding without hassle as well as hesitations. Any website that packs the features has clients running to register an account. InstaForex has a standard template like other brokers when it comes to offering platforms to users.

For mobile devices, it blends with Android and iOS to provide access to clients. On a personal computer, the website has MetaTrader4 to support transactions as well as functioning. MT4 is known for its one-click trading that helps in monitoring of the market and execution of biddings. Furthermore, it assists with free program positionings.

Support of celebs, partner and brand ambassadors

Branding of a company reflects its outreach, potential and quality. Some of the brands and athletes are listed here:-

  • The company is managing plenty to its name with Borussia Dortmund aka BVB. The sports club of Germany is also famous for its men’s football team. It was established on 19 December 1909. The club owns the glory of lifting several prestigious cups including UEFA, Bundesliga, Champions League and many more.
  • Ole Einar Bjørndalen, eightfold Winter Olympic champion has his name attached with the brokerage website. The retired Norwegian professional has 8 Olympic gold medals including 13 overall.
  • InstaForex happens to be the official partner of Dragon Racing. The American auto racing team came into existence in 2007. It has participated in various motorsports championships.
  • Everything besides InstaForex has its team (Loprais Team) participating in a renowned Dakar rally officially. Czech driver Ales Loprais manages it. The Tatra team and InstaForex have come together to form the group. It first appeared in 2011 and stood victorious in the Silk Way Rally.
  • Vladimir Moravcik, Muay Thai fighter has also been associated with the company. He’s an Enfusion World Champion, 2018.
  • Daria Kasatkina is a rising Tennis Star from Russia who has two WTA singles titles to her credit. In the junior circuit, she reached to rank 3rd. The athlete ascended to the top 32nd rank in WTA 2018.
  • Vishwanathan Anand, ace chess player is among the top sports persons. He has won several world championships in the game and surpassed the coveted Elo rating of 2800 in 2006.

Training material offered by InstaForex

The website is commissioning trading information to nascent traders. For that, they have course materials viz video tutorials, articles, glossary and abstruse details on assets. It provides a set of options for learning the use of tools and features.

Features to Simplify Trading

Acknowledging the concern of an investor is essential, and for that, the company has put out several functions in the public domain. The demo account is one of them where a trader can hit and try all the available options on a live account. It gives options like indicators that help in forecasting results and the market’s dynamics.

Besides, it has a section of statistics for analyzing instruments and their growth over a while.

How to Contact InstaForex?

The brokerage firm has laced the website with a handful of options. It exhibits telephone numbers, e-mail ids, live chat as well as social media platforms like Skype, Viber, WhatsApp and more. One impressive thing is that it comes loaded with is the facility of requesting a callback. It is unique. People can fill a form and then initiate the process.

The broker claims that a customer can choose to speak with the executive for problem redressal from more than ten languages.

Keyways to Deposits and Withdrawal on InstaForex

Traders can use Visa, Mastercard, Neteller, Skrill, bank wire transfer as well as PayCo for transactions. Interestingly, it also accepts Bitcoins as additional options for depositing and withdrawal of funds, expanding the narrative of the company.

Contests and Promos

In times when competitors shy away from offers and promotions, the website is continuing them. It is running contests where users can win a Ferrari car, free devices, and real scalping to add a few. There is Miss Insta 2020, Lucky Trader, One Million Option, Great Race etc.

Promos

InstaForex Shop, Lotus Fights, Trading On Top, Hummer H3 Winner are some of the best it offers in the section.

Recognition

Awards are an appreciation for the best work. The company has won over many over the years. Here’s the list of a few:-

  • World Finance Awards
  • ShowFx World
  • European CEO Awards
  • IAIR Awards
  • IAFT Awards

Specialties of the Website

  • It also provides a calculator for foreign exchange currencies.
  • Pages showcase ticker and trading symbols to familiarize with trades.
  • There are gadget applications for windows 7.
  • It has foreign currency charts that exhibit the complete picture of deals, transactions and pricing.
  • One can access swap-free accounts.
  • The company has footprints in terms of offices in more than 260 locations worldwide.
  • There are 107 currency instruments, including 300 plus overall.
  • The website offers 88 complex financial derivatives on US stocks.
  • Touts to propose joining bonus between 30 % to 100 % depending upon terms and conditions.

Some Drawbacks

  • Despite so many years of establishment, it lacks the services of MetaTrader5. Hence it needs to upgrade in that segment.
  • They do not have their proprietary system, which is familiar with its compatriots.
  • The functionalities of the MT4 platform are pretty sub-standard due to the scarcity of performance-enhancing tools.

 Average Leverage

It dangles somewhere between 1:1 to 1:1000 depending on the type of account a client chooses.

Regulating Authorities and Licensing

These parameters stamp the

Various regulatory bodies authorise Instant Trading Eu LTD. in different countries. It has registration in leading authorities like FSC, HANFA, CNB, FSA, FI, BAFIN, MNB etc.

CySEC license number: 266/15

For Instant Trading LTD. BVI and FSC are looking over it.

License Number: SIBA/L/14/1082

Types of Accounts available for Trading

Different kinds of accounts on websites are there to provide a tailor made and reliable experience to different users. The website has four types of accounts:-

Insta. Standard

Deposits here: It accepts Euro and US dollars.

Maximum deposit: There’s no limit set for it.

Minimum deposit: One has to put at least 1 US dollars.

Spreads: 3-7 pips.

Charge: It does not have any fee.

The margin for locks: It is 25 per cent.

Minimal Trade: 0.01 of the lot

Insta. Eurica

Currency deposits: USD and Euro

Maximum deposit: Unlimited

Minimum deposit: 1 USD

Spreads: 0 pips

Fee: It ranges between 0.03 % to 0.07 %

The margin for locks: 25 per cent

Minimal trade: 0.01 of the lot

Cent. Standard

Deposits here: It also accepts USD cents and Euro cents

Maximum deposit: 1000 USD

Minimum deposit: 1 USD

Spreads: 3-7 pips.

Charge: It does not have any fee.

The margin for locks: It is 25 per cent.

Stop out: 10 per cent

Cent. Eurica

Currency deposits: USD cents and Euro cents

Maximum deposit: 1000 USD

Minimum deposit: 1 USD

Spreads: 0 pips

Fee: It ranges between 0.03 % to 0.07 %

The margin for locks: 25 per cent

Stop out: 10 per cent

Conclusion – Instaforex Broker Review

The company headquartered in Russia touts about having more than 7 million customers worldwide. That’s a huge number and the association of a bunch of sports persons as ambassadors substantiates its growth. The website has varied options, tools and features to magnify users’ experience. Also, plenty of awards speak volumes of credibility. Before going to start trading, choose one of the best Instaforex Broker Review for brokers.

However, it lacks MetaTrader5, which is essential to excel the expectations of traders and investors. If InstaForex loads that feature, then the competitors will have a tough time.

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