InstaForex

InstaForex Information

InstaForex is a broker. The tradable instruments with a maximum leverage of 1:1000 include currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. The broker also provides four accounts. The minimum spread is from 0 pips and the minimum deposit is 1 USD. InstaForex is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.

Pros and Cons

Is InstaForex Legit?

InstaForex holds a Suspicious Clone license with license type Retail Forex License and the license number is SIBA/L/14/1082, making it less safe than regulated brokers.

What Can I Trade on InstaForex?

InstaForex offers a wide range of market instruments, including currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures.

Account Type & Fees

InstaForex has four account types: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. Traders who want low spreads and low leverage can choose Insta.Eurica and Cent.Eurica accounts. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

InstaForex cooperates with the authoritative MT4 and MT5 trading platform available in Windows, desktop, and mobile to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Deposit and Withdrawal

The minimum deposit is 1 USD. InstaForex accepts Bank Card, Bitcoin, PayCo, Tether, Ethereum, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Bonus

InstaForex provides 55% Bonus to every deposit and offers traders a matchless opportunity to receive the 30% Welcome Bonus to their trading account. Every trader holding an InstaForex Club Card is free to apply for the Club Bonus.