InstaForex-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

InstaForex, a trading name of Insta Service Ltd., is allegedly a suspicious regulated online forex and CFD broker registered with FSC Saint Vincent, Reg. Number IBC22945 and founded in 2007. The broker claims to provide its clients with over 300 tradable financial instruments with flexible leverage from 1:1-1:1000 and commission-free on the state-of-the-art MetaTrader4 and MetaTrader5 trading platforms, as well as forex copy trading service and 24/7 customer support service.

Market Instruments

InstaForex advertises that it offers more than 300 trading instruments in financial markets, including forex currencies, CFDs on US stocks, precious metals like gold and silver, indices, futures, options trading (intraday and expiry binary options), as well as cryptocurrencies.

Account Types

InstaForex provides its clients with forex demo trading accounts with virtual money from $5,000 up to $1,500,000. The broker also offers trading accounts and swap-free accounts (also called Islamic accounts). However, there isnt anything about the minimum initial deposit requirement specified directly in the absence of login.

Leverage

Flexible leverage ratios from 1:1 up to 1:1000 are offered by InstaForex, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Commissions

InstaForex claims that all charging no commissions.

Trading Platform Available

Platforms available for trading at InstaForex are the industry-standard MetaTrader4 and MetaTrader5, WebTrader, InstaTick Trader and mobile apps for iPhone, iPad and Android devices. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Tools

Also, InstaForex offers some trading tools, such as Trader Calculator, forex charts and others. Forex charts are advertised as a new instrument for modern traders with technical analysis.

Deposit & Withdrawal

InstaForex says to work with a wide range of deposit options, consisting of Bank Card, Skrill, Bank transfers, Neteller, PayCo, Payment Asia, AstroPay and crypto wallets of Bitcoin, Litecoin, Tether and Ethereum, as well as local transfers in different countries. The broker states that all deposits and withdrawals are processed by the Finance Department during working hours from Monday to Friday, from 8 a.m. to 5 p.m. (UTC+00). Note that the payment system as well as the currency of depositing and withdrawal must be the same.

Bonuses

InstaForex claims to offer a diverse range of bonuses, which includes a 100% Welcome Bonus, 55% Bonus, 30% Bonus, the InstaForex Club bonus and the Chancy Deposit bonus. The broker says that clients can get the 100% bonus on the first deposit, while the 55% bonus is awarded for every replenishment of the trading account and the amount of the 30% bonus is unlimited. InstaForex Club bonus is up to 40% while Chancy Deposit bonus is up to $10,000. However, we cannot be sure if the bonus can be withdrawn without any condition.

Customer Support

InstaForexs customer support can be reached by telephone: 1-866-800-0719, email: support@instaforex.com, clients@instaforex.com, online chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and Telegram. Company address: 30 Teatralnaya Street, 5th floor, Kaliningrad, 236040, Russia.