InstaTrade

InstaTrade Review Summary
Founded	2007
Registered Country/Region	China
Regulation	FSC (Suspicious Clone)
Market Instruments	300+, Forex, Stocks, Metals, Commodities, and Cryptocurrencies
Demo Account	Available
Leverage	1:1-1:1000
Spread	From 0 pips
Trading Platforms	MetaTrader 4, Metatrader 5, and InstaTrade Gear
Minimum Deposit	$1
Trading Services	ForexCopy System, and PAMM-System
Customer Support	Callback form
	Email: support@instatrade.com, finance@instatrade.com, partners@instatrade.com, dealer@instatrade.com
	Skype, WhatsApp, Telegram, Viber, Twitter, Facebook, YouTube, and Instagram

What is InstaTrade？

InstaTrade, founded in 2007, is a forex and CFD broker offering a variety of features for traders. It claims to boast over 7 million clients and a user-friendly platform with MetaTrader 4/5 and its exclusive platform. Supporting a wide range of tradable instruments, InstaTrade also provides various trading services, such as the ForexCopy System and PAMM-System, to meet the needs of its clients.

However, the FSC regulation claimed by InstaTrade has been labeled as a suspicious clone by WikiFX. Furthermore, InstaTrade offers leverage up to 1:1000, which is risky, especially for new traders.

Pros & Cons

Pros	Cons
Wide Range of Trading Instruments	Regulatory Status
Low Minimum Deposit	High Leverage
Competitive Trading Conditions
Various Payment Systems
Multilingual Support
Reputation and Awards

Pros:

Wide Range of Trading Instruments: InstaTrade offers over 300 trading instruments, including forex, stocks, metals, commodities, and cryptocurrencies, providing traders with diverse options.

Low Minimum Deposit: The minimum deposit requirement to open an account is $1, making it accessible to traders of all levels, including those with limited funds.

Competitive Trading Conditions: The broker offers competitive spreads starting from 0 pips, leverages from 1:1 to 1:1000, and modern trading platforms for PCs and smartphones, enhancing the trading experience.

Various Payment Systems: InstaTrade supports over 10 ways to deposit and withdraw funds, including Visa, MasterCard, bank transfer, and electronic payment systems, providing convenience to traders.

Multilingual Support: With support for over 30 languages, InstaTrade ensures effective communication with its diverse global client base.

Reputation and Awards: The company's receipt of more than 30 financial awards reflects its reputation for quality services and innovation in the trading industry.

Cons:

Regulatory Status: InstaTrade claims regulation by the FSC, but there are doubts about its legitimacy. WikiFX has labeled its regulation as a suspicious clone.

High Leverage: It offers leverage up to 1:1000, which is extremely risky, especially for beginners, as it can magnify losses.

Is InstaTrade Legit or a Scam？

InstaTrade's legitimacy is difficult to definitively determine due to a key red flag.

InstaTrade claims to operate under the regulation of British Virgin Islands Financial Services Commission (FSC), licensed with a Retail Forex Licenss of No.SIBA/L/14/1082. However, WikiFX has labeled it as a “Suspicious Clone”. This discrepancy raises significant questions about their oversight and potential for scams.

Market Instruments

The total number of tradable instruments is advertised to be over 300 by InstaTrade, including a variety of categories.

Forex (Foreign Exchange): Forex trading involves buying and selling currency pairs, such as EUR/USD or GBP/JPY, with the goal of profiting from changes in exchange rates.

Stocks: Stocks represent ownership in a company and are traded on stock exchanges. Traders can buy and sell stocks of publicly traded companies, aiming to profit from changes in stock prices.

Metals: Metals trading typically includes precious metals like gold, silver, platinum, and palladium. Traders can speculate on the price movements of these metals, which are influenced by factors such as economic indicators, geopolitical events, and market sentiment.

Commodities: Commodities are raw materials or primary agricultural products that can be bought and sold. Examples include oil, natural gas, agricultural products (e.g., wheat, corn), and metals.

Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. Examples include Bitcoin, Ethereum, and Litecoin.

Account Types

InstaTrade offers a variety of Forex trading accounts, each designed to cater to different needs and preferences.

The MT4 ZeroSpread and MB ZeroSpread accounts are appealing to traders looking for low initial investment and zero spreads. With a minimum deposit of just $1, these accounts offer the advantage of zero spreads from the outset, potentially increasing profit potential.

The Standard Account is a more traditional option with varying minimum deposits depending on the chosen sub-category: Micro Forex ($1-10), Mini Forex ($100), or Standard Forex ($1000). This account type features floating spreads, meaning the difference between the buy and sell price fluctuates based on market conditions.

The Eurica Account offers a unique approach by charging no spreads on most currency pairs. However, the quoted price for these pairs is typically higher than the standard account, meaning traders might be buying at a slightly inflated price and selling at a slightly lower price compared to the standard account.

How to Open a InstaTrade Account？

To open an InstaTrade account, follow these steps.

Step 1: Visit the InstaTrade website: Go to the InstaTrade website and navigate to the “Instant account opening” section.

Step 2: Fill out the registration form: Provide your full name, email address, phone number, region, and trading platform.

Step 3: Agree to the terms and conditions: Read and agree to the terms and conditions. Then click the “Open an account” button.

Step 4: Verify your account: Upload a photo of your passport or other identification document to verify your account.

Leverage

InstaTrade offers leverage options ranging from 1:1 to 1:1000, depending on the account type and instrument traded. For example, if a trader has a leverage of 1:1000, they can control a position size of $100,000 with a margin requirement of just $1000. While leverage can amplify profits, it also increases the risk of losses, as losses are also magnified in the same proportion as gains.

Spreads & Commissions

InstaTrade offers different types of accounts with varying spreads and commissions.

ZeroSpread Accounts: These accounts offer zero spreads. This means that the difference between the buy and sell price is zero, potentially reducing trading costs.

Standard Accounts: Standard accounts have floating spreads, meaning the difference between the buy and sell price fluctuates based on market conditions. There are no commission fees on top of the spread for standard accounts.

Eurica Accounts: Eurica accounts also have zero spreads, but the quoted price for currency pairs is typically higher than in standard accounts. However, there are no additional commission fees for Eurica accounts.

Trading Platforms

InstaTrade offers its clients access to a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary InstaTrade Gear platform. Each platform has its own features and advantages, catering to different trading preferences and styles.

MetaTrader 4: MT4 is a popular trading platform known for its user-friendly interface, advanced charting tools, and automated trading capabilities. It offers a wide range of technical indicators, charting options, and order types, making it suitable for both beginner and experienced traders.

MetaTrader 5: MT5 is the successor to MT4 and offers additional features such as more timeframes, more order types, and an economic calendar. It also allows for trading in a wider range of financial instruments, including stocks and commodities, in addition to forex.

InstaTrade Gear: InstaTrade Gear is a web-based trading platform developed by InstaTrade. It offers three interface layouts (Classic, Dashboard, Charts) to suit different trading styles. The platform provides convenient and uncluttered charts with analytical tools, tick charts, and a stream of orders. It also offers synchronization with other trading platforms of InstaTrade.

Deposits & Withdrawals

InstaTrade offers a variety of deposit and withdrawal methods to cater to the needs of its clients. Deposits can be made using bank cards, electronic payment systems, and cryptocurrencies, among other options. Withdrawals can be processed via the same methods used for deposits, subject to certain conditions and fees. It's important to note that all withdrawals and deposits are processed during the working hours of the Finance Department, from Monday to Friday, 8 a.m. to 5 p.m. (UTC+00).

Deposit Options: InstaTrade provides several deposit options, including bank cards, electronic payment systems (such as PayCo), and cryptocurrencies (Bitcoin, Litecoin, Tether, Ethereum). Deposits are generally processed within 24 hours.

Withdrawal Options: Withdrawals can be made using the same methods as deposits, except Ethereum. Withdrawal fees vary depending on the method chosen. For example, withdrawals via bank card may incur a system fee and take 1-6 business days to process. Withdrawals via Bitcoin and Litecoin are subject to a fee of 0.5% and processed within 1-7 working hours.

Trading Services

InstaTrade offers a range of additional trading services to cater to the needs of its clients.

ForexCopy System: This service allows traders to copy the trades of successful traders and earn a commission for providing their trades for copying. It's a great way for beginners to learn from experienced traders and for experienced traders to earn additional income.

PAMM-System: The Percentage Allocation Management Module (PAMM) allows investors to invest funds in the accounts of successful traders, who manage these funds and receive a percentage of the profits as a reward. This service is suitable for both investors looking to diversify their portfolios and traders looking to attract additional capital.

Customer Service

InstaTrade offers comprehensive customer support through various channels to assist clients with their inquiries and concerns.

Callback Form: You can request a callback from InstaTrade's customer support team by filling out a form on their website.

Email: InstaTrade provides multiple email addresses for different inquiries:

support@instatrade.com: For general support inquiries.

finance@instatrade.com: For financial-related inquiries.

partners@instatrade.com: For partnership inquiries.

dealer@instatrade.com: For dealer-related inquiries.

Instant Messaging: InstaTrade is available on various instant messaging platforms, including Skype, WhatsApp, Telegram, and Viber.

Social Media: InstaTrade maintains a presence on popular social media platforms such as Twitter, Facebook, YouTube, and Instagram.

Conclusion

InstaTrade presents itself as a feature-rich forex and CFD broker, boasting a wide range of instruments, multiple platforms, and various account options. It is appealing to new traders with its low minimum deposit, the promise of zero spreads, and high leverage.

However, the biggest red flag is questionable regulation by the FSC, which is labeled as a suspicious clone. This, coupled with extremely high-leverage options, creates a risky environment for traders. For a secure and trustworthy trading experience, prioritize a broker with a proven track record and clear regulatory oversight.

Frequently Asked Questions (FAQs)

Q: Is InstaTrade regulated？

A: The FSC regulation claimed by InstaTrade is a suspicious clone.

Q: What is the minimum deposit required to open an account with InstaTrade？

A: The minimum deposit is $1 for most account types.

Q: Does InstaTrade offer a demo account？

A: Yes, InstaTrade offers a demo account for traders to practice trading.

Q: What trading platforms does InstaTrade offer？

A: InstaTrade offers MetaTrader 4, MetaTrader 5, and InstaTrade Gear as trading platforms.

Q: What is the leverage offered by InstaTrade？

A: InstaTrade offers leverage options ranging from 1:1 to 1:1000, depending on the account type and instrument traded.

Q: What payment methods does InstaTrade accept？

A: InstaTrade accepts a variety of payment methods, including bank cards, electronic payment systems, and cryptocurrencies such as Bitcoin, Litecoin, Tether, and Ethereum.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.