InstaForex Review
Regulated by: CySEC, BVI, FSC
Headquarters: Russian Federation
Ranking: 9
Spread: 0.3 pips (EURUSD)
Leverage: 1000:1
Minimum Deposit: $1
InstaForex Review & Author's Comment
InstaForex is founded in 2007, headquartered in Russia and regulated by CySEC in Cyprus and FSC in British Virgin Islands. My experience with InstaForex dates back to 2011. I came across with this broker upon my research for a new broker after the firm I used to trade with lost their FCA license and my loyalty still continues. I still have an active trading account with InstaForex where I trade occasionally.
InstaForex is among very few forex brokers that offer all ECN, Swap-Free, Nano and managed account types in one place for traders. Customer care team is really attentive and speak many languages. You are going to get only 0.3 pips spread on EURUSD if you open a Eurica account which is remarkably low. Last but not least, negative balance protection ensures that you are not going to owe to the broker more than you deposited. A very good broker in every respect.
Is InstaForex Reliable?
A Russia-based ECN brokerage company, the InstaForex has been active in the Forex market since the year 2007. Operated by two different companies, one of the companies administering InstaForex is registered offshore whereas the other one was is registered in Europe and is regulated by the Cyprus Securities and Exchange Commission or CySEC.
One of the things that make InstaForex really proud is the fact that more than 2 million traders across the globe use their platform to trade. Most importantly, the clients of the brokerage are increasing at the rate of 1000 new account openings every day. The brokerage allows you to trade on different products. It offers you 88 CFDs on US stocks, 107 Currency pairs, Bitcoin through MetaQuotes platform as well as different futures and commodities.
It is not hard to imagine how hugely popular InstaForex is among its customers. Due to the extraordinary service this company offers, it has been awarded the prestigious Best Broker in Asia award by the World Finance and British Magazine for three consecutive years. Other than that the broker has also won several significant awards and accolades from different mass media giants like CNBC Business Magazine and European CEO. Famous for its achievements, the milestones achieved by InstaForex are continuously exhibited in several popular exhibitions like ShowFX World and ShowFX Asia.
InstaForex Account Types
With InstaForex, you will be able to get a choice of four different account types. The account types can be divided into two major categories; the first being Standard type and the second is named as Eurica. All of these account types are easily accessible with just a deposit of $1 and they provide leverage up to 1:1000. Furthermore, these account types come with the cent and micro account options and offer an annual interest rate of 5%.
The standard accounts are obviously commission free and they offer fixed spread. However, the Eurica ones offer you to trade without spread which is really unheard of. But with the Eurica accounts, you will have to pay a certain amount similar to 3 pips a spread as commission.
Moreover, InstaForex also provides swap free or Islamic services. You will also get the PAMM service which allows you to invest in portfolios that render investment services. PAMM service allows InstaForex clients to invest in portfolio managers’ accounts and to accept investments from other InstaForex traders’ accounts.
InstaForex Customer Support
InstaForex is known for providing one of the best customer support in online forex trading industry. You will be able to get the required help through email or telephone 24/7 throughout the year. Furthermore, you can also reach out to them through chat from 7:00 to 16:00 UTC. The best thing about InstaForex is that it offers different from telephone numbers for different departments. As a result, you will be able to reach the respective department you are looking for without having to wait.
InstaForex Trading Platform
One of the most interesting things about InstaForex is that it offers you both MetaTrader 4 as well as the advanced MetaTrader 5 trading platforms.
MetaTrader 4 is a widely acclaimed trading platform which offers a variety of trading tools, more than 50 inbuilt indicators, an efficient charting package and a plethora of Expert Advisors or EAs as well as back-testing options. With this platform, traders only need to download it, set their expert advisors and the MT4 will do all the work for them.
InstaForex also offers VPS hosting to ensure the smooth functioning of EAs. Furthermore, the VPS can be obtained for free by traders having an account balance of 5000 USD.
The broker also offers you the highly advanced as well as versatile MetaTrader 5 platform. The MT5 platform has been gaining huge popularity lately as the platform recently added efficient hedging options along with several other features. With the MT5 platform, you will be able to execute several orders in different financial markets and exchanges without any hassle. The platform also comes with advanced EAs, charting packages, alerts, customizable indicators and signals.
Apart from that, this brokerage also provides you with Forex Copy System. This feature allows you to copy orders from successful traders. Every trader who uses the Forex Copy System may follow the trading strategies by selecting respected traders from a publicly available monitoring list to achieve success.A Forex Copy Trader allowing others to copy the trade will get commissions on either per day basis or on the profit obtained from the trade. If you choose the latter one then you will have to only pay for the profit that you obtain from the trade.
InstaForex Deposit and Withdrawals
While InstaForex allows you to use different payment options, it makes it mandatory for you to use the method that you have used for depositing to withdraw money. The payment can be made using credit cards, bank wire, InstaForex debit card, Skrill, MoneyBookers, Neteller and a plethora of other options. But there are few payment options which may charge some fees on transactions. You can also use Bitcoins to invest money without any transaction cost.
InstaForex Bonus and Promotions
- LFC Partnership Bonus 100% – You get 100% bonus on your first deposit. This is bonus cant be used concurrently with other types of bonuses. 100% bonus is credited to your account instantly after you complete the application.
- Welcome Bonus 55% – This bonus works each time you make deposit into your account. 55% bonus is credited to your account instantly after you complete the application.
- Welcome Bonus – $30 bonus is credited to your account instantly after you complete the application.
- InstaForex Club Bonus – Additional bonuses for members of InstaForex Club. This type of bonus can be used with other types of bonuses.
InstaForex Final Word
InstaForex has become a popular name in the industry with the extraordinary services that it offers. And the brokerage continues to amaze traders by adopting new technologies and features into its system to allow the traders to achieve success from their trades. Though it is not bound by any huge regulation, it still offers maximum security and options which make InstaForex a worthy choice.
InstaForex – Step by Step Live Account Opening Guide
Just like most of the other forex brokers, opening a live trading account with InstaForex starts with going to the Broker’s web site. At homepage, click the “Instant account opening” button at the header. Following the click, the registration form will appear.
Step 1 – Fill the Registration Form
This is a very quick form that requests your basic personal information such as your first name, last name, e-mail address, phone number and country. Press the green “Open trading account” button after you filled the form properly.

Step 2 – Verify Your InstaForex Live Account
InstaForex live account opening process is different than other brokers in a way that you will receive the trading account login information right after you have filled the registration form.
You are allowed to download the trading platform and fund your account to start trading directly. However, we urge you to validate your account prior to funding your account since you will have to do it when you want to withdraw money.
For verification, you must login to the client cabinet and complete your profile first. Click to the “Verify Account” under Verification menu once you are logged in to the client panel.

You need to complete the Personal information form where you will submit your date of birth and full address. The address must be same as the one on which the utility bill or bank statement that you are going to upload.
Next, scroll down on the verification page in order to upload the documents for proof of identification and proof of address. You can upload copy of your passport or driving license for the proof of identification and certificate of residence, bank statement or utility bill for the proof of address.

- Proof of Identification; passport or driver’s license
- Proof of Address; certificate of residence, bank statement or utility bill.
InstaForex demands you to upload the copies of those documents in proper format and requirements. For instance, scanned copies must be clear and in colour and you must submit both sides of identification document.
InstaForex does not accept electronic bank statements and utility bills. The copies must be scanned versions of the hardcopies. Besides, make sure that the document is not older than 3 months.
The verification could take up to 72 hours, however it is usually much faster granted that you have submitted your information and uploaded the documents in the requested way. Now, we recommend you to download the trading platform, deposit funds into your account and start trading forex with InstaForex.
Broker Detail | |
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Adress: | 4A Pobedy Square, Kaliningrad Passage business center, office 610, Kaliningrad, 236022 |
Phone: | +442037699163 |
Web: | |
E-Mail: | [email protected] |
Regulator: | CySEC (License Number: 266/15), BVI FSC (License Number: SIBA/L/14/1082) |
Year Founded: | 2007 |
Instruments | |
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Forex: | |
Precious Metals: | |
Energy: | |
Soft Commodities: | |
Indices: | |
CFDs: | |
Stocks: | |
ETFs: | |
Bonds: | |
Options: | |
Cryptocurrencies: | Bitcoin, Ripple, Litecoin, Ethereum |
Account Options | |
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ECN Account: | |
Swap-Free Account: | |
Nano Account: | |
MAM / PAMM Account: | |
Demo Account: | |
Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller, epayments, MegaTransfer, PayCo, Bitcoin |
Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller, epayments, MegaTransfer, PayCo, Bitcoin |
Customer Services | |
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Live Chat: | |
24 Hours Support: | |
Languages: | Arabic, Chinese, English, Farsi, French, Georgian, German, Hindu, Indonesian, Japanese, Latvian, Lithuanian, Malaysian, Polis, Portuguese, Romanian, Russian, Spanish, Thai, Turkish |
Platforms | |
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Supported Platforms: | MetaTrader 4 |
Webtrader: | |
Mobile: | IOS, Android |
Trading | |
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Leverage: | 1000:1 |
Spreads: | As low as 0.3 pips for EURUSD on Eurica account |
Minimum Deposit: | $1 |
Fixed Spreads: | |
Automated Trading: | |
Hedging: | |
API Trading: | |
Negative Balance Protection: | |
Accepts Clients from the US: |
Bonus |
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1) LFC Partnership Bonus 100% - You get 100% bonus on your first deposit. This is bonus cant be used concurrently with other types of bonuses. 100% bonus is credited to your account instantly after you complete the application. |
2) Welcome Bonus 55% - This bonus works each time you make deposit into your account. 55% bonus is credited to your account instantly after you complete the application. |
3) Welcome Bonus 30% - 30% bonus is credited to your account instantly after you complete the application. |
4) InstaForex Club Bonus - Additional bonuses for members of InstaForex Club. This type of bonus can be used with other types of bonuses. |
InstaForex Review
InstaForex Review
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8/10
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8/10
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8/10
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8/10
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8.5/10
Summary
CySEC regulation. Customer support in many languages. Generous bonus and promotions. ECN, Swap-Free, Nano and managed account (PAMM / MAM) types.
market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.
For more concern Please contact the support service by one of these two emails [email protected] or [email protected], providing your account number so they can assist you regarding your problem. Thank you and have a good day!
Hello. when I started with instaforex, I had a very little knowledge on forex trading, I have found this broker very helpful for the beginners. it provide a great demo account. After trading three months on demo, i opened a real account without any problems. very satisfied.
Thank you for giving us a very satisfactory rate . Your opinion is very important to prove that InstaForex is really not a fraud broker 🙂
i like the support team, there are the best. also there have the best copy trading future.
Thank you for choosing us! We will do our best service to help traders like you! 🙂
Pls is there any limits to the profits I can withdraw?
no. you can withdraw as much profit as you wish.
Dear Jothan,
There is no limit. As long as there is a amount that can be withdrawn.
how can i use my bonus to trade
bonus appears on your account as credit and functions as additional leverage. please notice that you can not withdraw the bonus
You can use the bonus fund to buy/sell any trading instruments available in our trading platform and you can also open and close trades on Forex on your own or subscribe to copying deals of successful traders through the InstaForex ForexCopy system. Besides, our company provides educational trading materials which you can find it here: https://goo.gl/NaUabz If you have any questions, please feel free to contact us via email at [email protected]
Hello there i wanna start strsding with my real money is there is any laws should i follow to withdraw the profit … thnx
no restrictions but the payment method and currency that you used for depositing must be same with withdrawal
Dear Youcef,
Withdrawal is possible by means of the same method which you used when your account was replenished.
can you make the deals for me so i can invest my money with you and learn until am abnle to understand the market ?
Dear femi,
You can register in forexcopy within this link – http://cabinet.instaforex.com/client/forexcopy/?q=en/default
Can I withdraw the profit I make with my $100 nodeposit bonus?
you should be able. but be aware that you cant withdraw the bonus.
Dear Thabo,
After the profit reaches 10% bonus, Your account will be suspended.
In order to unblocked the account, You must make a deposit with the amount equal to 10% of the bonus is credited (100 USD).
And then trade X*3 lot = 300 lot size (X = the amount of your 10% of the bonus is credited) in order to be able for withdrawal.
Hi. Been trying to get someone to handle the USD 1000 Bonus at in instaforex account to no avail. Am not so conversant with trading and didnt want to loose the cash. Please advice
didnt really get what you are trying to do. are you trying to remove the bonus?
Dear Jack,
You can register in forexcopy in order to copy the trade of trader within this link – http://cabinet.instaforex.com/client/forexcopy/?q=en/default
Very good broker, I am happy with them. No one is calling you to deposit more money like many other brokers do.
Thanks for your positive feedback 🙂
please how can I recover my account number and password. I can’t remember my account number and password but I always get a message in my email address. please help me out.
Try to speak to a customer rep on Live Chat on InstaForex web site.
Dear Abedi Solomon,
In this case, please send report by sending mail to [email protected] , please explain the situation and include scan of your ID.
I am just a small scale businessman in Kenya and i do not have that much to invest in such a trade. Kindly help me understand it more. Thanks
Just start with a small account for learning process. once you understand the dynamics of markets and trading, you can ramp up your account and trade more seriously. give at least 5-6 months for learning process.
Dear AUGUSTINE NETTO ,
First of all, we recommend you to familiarize yourself with the section “For Beginners” on the website – http://instaforex.com/for_beginners.php.
In addition, a great many of helpful information was placed in our special educational website http://instafxeducation.com/en/ .
After getting acquainted with the trading basics, the best decision will be to open a Demo-account (just download the trading terminal by this link: https://www.instaforex.com/downloads/itc4setup.exe?v=170808 and after the program startup fill in the proper field in the emerged window).
Having obtained necessary skills of trading on Demo-accounts you can start registration of a real trading account on our website: http://instaforex.com/open_live_account.php/
If you want to trade forex with a trustable broker, InstaForex is the best place. I am from Malaysia and they provide customer support with my language. I am very happy and thinking that InstaForex is one of the best brokers for Malaysians.
What is the minimum capital one is supposed to have in order to fit in the trade?
you can start with as low as $1 however I recommend at least a $500 account.
Dear AUGUSTINE NETTO ,
The minimum of deposit is 1 USD.