InstaForex Review Is Legit Or Shady Broker

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InstaForex Review


Leverage: 1:30 | 1:1000

Regulation: CySEC, FSC

Min. Deposit: 1 US$

HQ: Russia

Platforms: MT4, MT5, InstaBinary and WebIFX

Found in: 2007

InstaForex Licenses

  • Instant Trading EU Ltd – authorized by CySEC (Cyprus) registration no. 266/15
  • Instant Trading Ltd (BVI) – authorized by BVI FSC registration no. SIBA/L/14/1082
  • Insta Global Ltd. – authorized by FSC (Saint Vincent) registration no. IBC24321

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  • InstaForex News

Among the thousands of brokers and trading offering, it is a paramount priority to select the brokerage firm that suits your trading needs and applies the best practices applicable to your trading performance. For this reason, we support choices by reviewing brokers to know about their offering in a detail, along with InstaForex Review among others.

What is InstaForex?

InstaForex brings a solution from the world’s leading developers allowing you to perform trading facilitated through the largest counteragents providing direct access to the market. InstaForex was established in 2007 with its headquarters in Kaliningrad, Russia yet serves more than 260 representative offices worldwide and at the moment number of traders who choose InstaForex exceeds 7 million, which is an impressive number.

The InstaForex provides access to the global markets including ECN trading through a variety of trading instruments, which includes 107 currency pairs, derivatives of 34 US stocks CFDs and futures, binary options, as well commodities Gold and Silver. The company regularly updates trading list, thus clients of InstaForex were among the first ones to trade Bitcoin and CFDs on Facebook and Twitter.

General InstaForex priority is to provide a wide range of services while at any stage trader is rightfully treated. Along with the great technical solutions, one of the best trading conditions among the market offering and other advantages, the broker brings a personal approach to each client with comprehensive educational and customer support services.

Besides, InstaForex takes a very active part in various worldwide sponsorships or social events and is an official partner of Liverpool football club, Dragon Racing, Dakar Rally, Ole Einar Bjorndalen (Olympic champion of biathlete), Daria Kasatkina (Tennis rising star) and more.

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Nevertheless, even though InstaForex offer looks attractive you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is InstaForex safe or a scam?

InstaForex operating through several licenses in few jurisdictions, which guarantees its compliance to international protective laws and coverage of traders. Instant Trading EU Ltd is a fully licensed by CySEC, Cyprus authority that conducts operational standards for financial investment firms within Cyprus and European zone respectively. Along with the main license, the broker serves additional entities in offshore zones, in BVI registered by FSC and Saint Vincent and the Grenadines. Even though we do not recommend trading with offshore brokers only, additional regulatory from Europe provides necessary guidelines complied with safety measures.

Therefore, according to the regulations and InstaForex license, it operates under full requirements and strict rules, which includes numerous security and transparency obligations. Thus, all clients funds are kept in segregated accounts, along with participation in compensation schemes in case of insolvency and with the secure trading environment.

InstaForex Trading Platforms

What is fantastic in InstaForex is their execution that provides rapid speeds performed via 10 trading servers with technical safety at the bank level. Numerous trading tools bringing trading to another, more professional level, along with Free VPS hosting, an allowance to trade through any strategy either using EAs, scalping or hedging, also with solutions for Money Managers and through PAMM accounts and APIs.

The platform offering itself includes the most powerful currently available platform – MT4 and MT5 along with Multiterminal and compatibility with any device. InstaForex was among the first ones who offered MT5 platform to their clients, however still mainstays at MT4 since the platform offers various settlements with the ability to always monitor account activity and receive notifications.

Thus, InstaForex MetaTrader4 as an industry-leading program which enables online Forex, CFD or futures trading, and features everything needed for a trader to monitor the financial instruments or analyze markets technically.

For the traders who work with options, the company offers to download INSTABINARY and WEBIFX, the programs that set manually to the trading platform and gives a wide range of possibilities to work with options at ease and convenience.

InstaForex Fees and Costs

The default parameters of the trading InstaForex account are set to an MT4 platform, leverage of 1:200 (1:30 in case of European trader), along with the use of USA2 server and USD as a basic currency. However, further you are able to choose between vast of developed for specific needs preferences, either defied by Platform, costs based on spread only or more competitive pricing through raw spread and commission, or even trading through cents account and availability of swap-free trading as a last.

Furthermore, InstaForex developed a range of contests and promotions that complement traders along with fantastic opportunities to gain valuable prices and that is besides precious experience. What is more, the trader can earn price trading through a demo account by taking part in InstaForex contests and getting real prize money to a live trading account.

For the trading costs themselves, the broker offers a range of various floating spreads depending on the technology you use. See below comparison on some popular instruments and InstaForex Spread, as well compare fees to another popular broker FXTM. As well, always consider rollover or overnight fee as a cost, which is about –1.15 for short positions on Eur/Usd and 0.3 on long ones, which are held longer than a day.

Asset/ Pair InstaForex Spread
Crude Oil WTI 5
Gold 60 cents

InstaForex Leverage

While trading with InstaForex you are able to operate with fixed or floating leverage, while this powerful tool may increase your potential gains timely due to its possibility to multiple initial account balance in a particular number of times. Yet remember that correct leverage should be set to various instruments, as it may increase your potential loses as well. InstaForex leverage is determined by various measures and firstly set according to the regulatory requirements in the region or another.

So if you would like to operate under higher leverage ratios like 1:400, 1:500 or even 1:1000 you may open an InstaForex account under their global entities allowing such high leverage levels. In case you are a resident of Europe or trading with European entity of InstaForex automatically you will comply to ESMA regulation, which lowered leverage to the maximum ratio of 1:30 on Forex instruments, 1:25 Spot Metals, etc.

InstaForex Deposits and Withdrawals

InstaForex brings convenient ways of depositing and withdrawing money that includes most common payment methods and some popular ones alike PayCo, ePayments, Bitcoin, POLi, giropay, SoFort, Trustly and many more.

What is also amazing, there is no minimum deposit amount, which allows you to start even from 1$. However, always make sure to check the desired instrument to trade, as various assets require different margins to be covered.t

Along with that, InstaForex covers all fees for money transfers, bringing a possibility not to worry about extra charges on payments.

Conclusion on InstaForex

The InstaForex review accomplished the broker who adheres to the highest levels of quality while working in accordance with the international laws and local standards in particular countries. Throughout the history of their operation, the firm shows a rapid growth along with technology development, trading tools and overall offering to the client. InstaForex base of around 7 million clients definitely impressing, yet shows their quality and reliability also. That vast number of traders found their best option to the trader with InstaForex for the reason of their wide offering which includes Binary options and nowise Cryptocurrency trading through the choice of most powerful and convenient platforms of MT4 or MT5.

That’s true that traders with a different level of trading experience can find their trading solution at InstaForex, through PAMM or ForexCopy systems allowing to invest and copy trading without spending loads of time to make a decision, or trader with any applicable to him personally strategy. Nevertheless, let us know your opinion about InstaForex, share your experience and do not hesitate to ask for additional information if necessary.

I’ve experienced a profitable trading platform with InstaForex for a year, Till now they provided high-quality service to me on MT4 Platform. Really the fixed spread and fast execution awesome, as I prefer to trade instantly on live prices with enough liquidity on eur/usd, usd/cad, gold, silver, crude oil and different shears. Really Excellent service which I got with InstaForex.

Instaforex is truly a reliable broker. I started here as a newbie back in 2020. At that time, I had very little knowledge about Forex trading. So I opened a demo account at Instaforex. And although it was only a demo, I am still assisted by a representative and guided me in trading. Thanks to that, I was able to learn by practicing and I also found my trading style. After 6 months, I decided to open a live account and deposited $1000. I had no regrets and I’m still with them until now because I am fully satisfied. Through the many years I have been with them, I have seen how they kept improving their services according to clients’ satisfaction. As for the deposit and withdrawal transactions, it was always processed in 1-2 days.

Out of the many brokers existing now, I am fortunate enough to become a trader at Instaforex. This is truly a reliable and just broker. There was one time when I withdrew an amount of $380 but only $280 was credited to my debit account. I contacted Instaforex about it and they said that they transferred the right amount and it could have been a mistake in the bank. Then they initiated that they will be the one to settle it with my bank so as to not cause inconvenience to me. They really did settle it and the right amount was reflected in my balance. Then my bank representative sent me an apology. If it was another broker, they probably won’t bother to talk to the intermediary and will just tell me to ask the bank myself.

Russia-based Forex broker InstaForex has announced a new sponsorship deal with Viswanathan Anand, a former World Chess Champion. Viswanathan Anand will be the Brand Ambassador of the company and will help the broker promote forex trading and education. In 2000, Anand became Fide World Chess Champion. 7 years later, his dream of life came true.

InstaForex Scam or not? – Honest Review

Table of Contents

Review: Regulation: Assets: Spreads: Min. Deposit:
(4.8 / 5) BVI FSC, CySEC 300+ Starting 0.0 Pips 1$

InstaForex is one of the best known international Forex Broker. If you are searching for an honest review then are you completely right on this website – In our personal review, we will show you the conditions and offers for traders of InstaForex. Is the company so good as its advertisement and should you invest your hard earned dollars there? – Find out in our review and test of the Forex Broker.

The official homepage of InstaForex

What is InstaForex? – Broker presented

InstaForex is an international Forex Broker which accepts traders from all over the world. The company was founded in 2007 in Russia and offers different leveraged financial products for retail traders. It is very easy to sign up for an account with them and start trading. With them, you can trade on any device and invest in falling and rising markets.

The company is presented as a big brand which got more than 260 offices around the world. Also, there are sponsorships of well-known sports artists. InstaForex is international and in Europe full regulated by finance authorities. That makes a first good impression for me that InstaForex is a good Forex Broker.

Facts about InstaForex Brand:

  • International company which grows very fast
  • Accept international traders and EU Traders
  • Founded in 2007
  • More than 260 representative offices
  • Sponsorships and more than 30 awards

Review of the Regulation and safety for customer funds

Especially for online trading safety is very important for each client. Some bad companies try to scam traders with special methods. To avoid this fraud the Forex Broker should be regulated and give the trader required safety of customer funds.

InstaForex is a regulated company

InstaForex is regulated international and in Europe. They got different licenses. Traders can choose between the BVI FSC (British Virgin Islands) regulation and the CySEC (Europe) regulation. InstaForex belongs to InstaVector Ltd which is also regulated by the Russia Central Bank.

Furthermore, the company is using only regulated payment methods and store the client’s money separated from the broker’s money on top tier 1 banks. In conclusion, InstaForex looks through the regulation like safety and reliable Forex Broker.

Facts about the safety for customers:

  • Full regulated company
  • Regulated in Europe (CySEC) and British Virgin Islands (BVI FSC)
  • InstaVector Ltd is licensed by Russia Central Bank (
  • Regulated payment methods
  • Special segregated accounts for big deposits (

Perfect conditions for InstaForex Traders or not?

Whether you want to trade forex or commodities, InstaForex is the right broker for you. The company offers to trade leveraged financial products with small trading fees 24/7 per week. The well-known trading platform is available for InstaForex traders. You can use this software with one login data for any devices.

Additionally, traders can choose between different account types which we will explain to you in the next sections. Traders with small and huge deposits can start with InstaForex. The spreads are from 0.0 pips like many other Forex Brokers. Another advantage of this company is that traders can choose any leverage up to 1:1000 maximum if they trade from outside of the EU.

From our experience, the execution of trades is very fast and reliable. You can choose the best server for you. In conclusion, the conditions for customers are at its best for anyone who wants to trade leveraged financial products.

Facts about the conditions:

  • Markets:
    • More than 107 currency pairs
    • More than 88 US Stocks
    • Gold and silver trading
    • CFDs on futures
    • Options and Binary Options (only
  • Conditions:
    • Minimum deposit 1$
    • Spread starting 0.0 pips
    • Different account types
    • Cent accounts (only
    • Leverage up to 1:1000 (international) and up to 1:30 (EU)
    • Fast execution through more than 10 servers

Review of the InstaForex Trading Platform

One of the most important points of a good Forex Broker is a reliable trading platform. InstaForex offers the worldwide well-known MetaTrader 4. This is a universal software that can be used on any device. For example trade on your home computer and your smartphone at the same time.

MetaTrader 4 is very customizable. You can use different chart types, indicators, or programs to develop your trading style. Also, it is possible to install extern indicators or add-ons with this software. In MetaTrader 4, you can clearly watch the markets and do professional trading decisions. One-click trading is available for fast execution. Furthermore, you can watch different markets at the same time which makes the platform very useful.

The trading platform of InstaForex

Facts of the MetaTrader 4:

  • Available for any device
  • You only need one account login
  • Full control about your positions
  • Free indicators and technical drawing tools für Technical Analysis
  • Multi-charting
  • Customizable and user-friendly
  • Automatic trading is possible

How to trade with InstaForex?

From our experience, it is very easy to open a position with InstaForex. In the following section, we will show you how to exactly do it step by step. You can use direct market execution or pending order on the platform. Also, it is possible to manage the risk of trade with stop-loss and take-profit. If you got additional questions you can watch our videos or get help in the InstaForex education center.

  1. Analyze and choose the market you want on the trading platform. After you found a good trading idea you can open your position.
  2. The volume stands for the position size. For example: 1 Lot = 100.000 units in forex. You can use the positions calculator to get the right position size of your trade.
  3. Manage the risk with stop-loss and take-profit. There are automatic price limits which will close your position in loss or profit.
  4. You can trade directly through market execution or pending orders. The pending order means that you open you’re automatically your trade position when the markets trigger your entry price.
  5. Buy or sell. It is possible to invest in rising or falling markets.

Free VPS servers for 24/7 trading

As mentioned before automatic trading is possible with Metatrader 4. Some traders using expert advisors on the platform. For example, you can buy one or program one by yourself. The VPS server allows you to trade 24/7 in the markets with your automatic program.

VPS 24/7 trading

The VPS server is not free for anyone. For example, you can get a VPS 256 for free with an account balance over 5000$ otherwise you have to pay up to 40$ a month. In conclusion, you can see that there is a different option available and with a higher account balance you pay less money because the broker earns more money through your trades.

How to open your account?

The account opening with InstaForex is not that difficult for any trader. Just sign in your personal data in the form below to create your account. After that, you get access to the trading portal where you can set up your trading account and fulfill the registration.

The Forex Broker needs some information about the trader because it is a regulated company. They have to verify your personal data. All the steps to do are explained by InstaForex. After the verification of your account, you can use all the functions of the broker.

Account opening form

Unlimited demo account for beginners

Another important point for traders is to test the broker in a free demo account. This is an account with virtual money which simulates real money trading. InstaForex offers a free and unlimited demo account. It is a good option for beginners and advanced traders to test the platform or improve their trading skills.

Personally, we can recommend any trader to use this practice account the get an impression by yourself about the trading platform and conditions.

The demo account is the best way to practise and improve your trading skills

Which account types are offered?

InstaForex offers normal trading accounts and cent trading accounts in two different versions. The cent account is made for small deposits starting from 1$. The position size is made smaller by 10 times so you can risk less money with the lowest invested money in your trading position.

Traders can always choose between two versions before the account opening. Use the spread (Insta.Standard) or commission (Insta.Eurica) based account. (The account types are depending on the regulation EU or international, see below) The difference between these two account types is that the broker earns money through a spread or commission. From our experience, it is better to choose the commission account to pay fewer fees.

These accounts are available:

  • Cent Accounts (only
    • Start with a deposit of 1$
    • The position size is 10 times smaller than in the normal accounts
    • Leverage 1:1 – 1:1000
    • Spreads 3 – 7 Pips or 0 Pips and 0.03% – 0.07% commission
  • Normal/Standard Accounts (only
    • Start with a deposit of 1$
    • Leverage 1:1 – 1:1000
    • Spreads 3 – 7 Pips or 0 Pips and 0.03% – 0.07% commission
  • Normal/Standard Accounts (only
    • Start with a deposit of 1$
    • Leverage maximum 1:30
    • Spreads fixed 2-7 pips or 0.0 pips and 0.02% – 0.07% fee
  • ECN (only
    • Start with a deposit of 100$ (standard) and 1.000$ (pro)
    • Leverage maximum 1:30
    • Average floating spreads 1.2 pips (standard) and 0.8 pips (pro)
  • Scalping (only
    • Start with a deposit of 100$
    • Leverage maximum 1:30
    • Average floating spreads 1.2 pips

How to deposit on InstaForex:

After you opened your real account and made the first profits in the demo account, you can do your first deposit with InstaForex. The broker offers more than 20 different payment methods for any country. Sometimes the payment method depending on your country.

You can choose the classic way through a normal bank transfer or use electronic payment methods. The duration of a bank transfer is 1 – 2 days while electronic payments credit the money directly to your account. Another big advantage is that InstaForex does not charge any fees for the deposit.

There are no fees for the deposit

Deposits and withdrawals are working fast

Review of the withdrawal with InstaForex

Withdrawals should process immediately and correctly by the broker. As InstaForex is a regulated broker there are no problems with the withdrawals. The payments are processed in a maximum of 1 up to 3 working days. From my experience, there are no frauds and the company pays out the profit for traders.

In addition, you can use the same payment methods for the withdrawal as for the deposit. Sometimes there are small fees up to 2% which are depending on your payment method. In conclusion, InstaForex only uses regulated payment methods and proceed the money transactions correctly.

These payment methods are available:

  • Local bank transfer and international bank wire
  • Bank cards (Visa/master)
  • Cryptocurrencies (Bitcoin, Litecoin)
  • Skrill
  • Neteller
  • UnionPay China
  • WeChat
  • Alipay
  • and some more……
  • Bank wire
  • Credit cards (Visa/master)
  • Skrill
  • Neteller
  • Sofort
  • Bitcoin
  • B2B in Pay

Test of the bonus system

For international customers, InstaForex is offering a bonus system but the bonus is not available for European clients because of the regulation. There are different types of bonuses that you can apply for your trading account. It is a good way to increase your account balance.

The bonus can be up to 100% but there are some conditions for you. The bonus is for free but you have to fulfill the conditions to withdraw all your money. But there is the advantage to withdraw your profit on any bonus. Not many Forex Brokers give you that opportunity.

InstaForex communicates clearly and transparent which conditions are necessary to get the full bonus. There is always the condition to make a certain trading volume depending on the amount of bonus. You have to trade between 3 and 6 InstaForex lots of the total bonus.

These bonuses are available (only for international traders of

  • First deposit bonus up to 100%
  • Deposit bonus of up to 55%
  • Deposit bonus up to 30% combined with club bonus
  • InstaForex club bonus up to 30%
  • Monthly promotions

Always there are bonus conditions which you should read before activating the bonus

Review of the service and support of InstaForex

First of all, offers 24/7 and offers 24/5 support and service per phone, email, and chat in more than 20 languages. This is a very huge advantage because you can call your broker at any time. From our experience, support is working very fast and professional. The exactly know what the customer wants and they are friendly to answer your questions.

Education and free training

Another big advantage of the service is education which is provided. InstaForex is one of the best places for beginners to start trading. There are different video tutorials that explain how to trade and professional strategies.

Also, webinars and 1 to 1 coaching are offered by the Forex Brokers. For example, you can sign up for a free trading course with more than 16 different lectures to improve your trading skills. In conclusion, support and service are very reliable. InstaForex offers professional support for its clients.

Facts of the support:

  • 24/7 support and 24/5 support for
  • Phone, Email, and Chat
  • Daily analysis
  • Daily webinars
  • Free training and coachings
  • Professional and fast support

These countries are available:

InstaForex is an international company with a licence in Europe and the British Virgin Islands. So international traders accepted with some exceptions. The broker does not allow traders from the United States, France, Belgium, and Latvia.

Is InstaForex legal?

Some traders ask if it is legal to trade with InstaForex. Especially in Asian countries or India, they are skeptical. After my research, there are no restrictions for trading with InstaForex. It is fully legal and you can start with this trusted company.

The fastest growing regions and countries are:

Is InstaForex a reliable Broker? – Conclusion of our Review

In this review, we showed you the true facts about the Forex Broker InstaForex. It is a well-known brand in Asia. In conclusion, it is a good company to trade with. It is possible to trade a huge range of markets with low and competitive conditions in the trading platform MetaTrader 4.

InstaForex is fully regulated exclude the possibility of a scam or fraud for customers. The deposit and withdraw methods are working fast and without any problems. Especially for beginners, this broker is very good because you can start with a very low deposit and get a good education. Compared to other Forex Brokers the service is very professional.

Furthermore, you can get a free bonus for your account balance. These facts make the company unique and we can recommend it to trade there.

Advantages of

  • A regulated and safe company
  • Trade more than 300 different markets
  • Free demo account
  • Competitive spreads
  • Cent accounts and high leverage
  • Professional 24/7 service in different languages
  • Good bonus program

Advantages of

  • Europe based company
  • Regulated and trusted by traders
  • More than 300 different markets
  • Free demo account
  • No deposit fees
  • Member of the Investor Compensation Fund
  • Competitive spreads
  • Good education and analysis

InstaForex offers the best conditions for beginners and advanced traders who want to trade with a reliable broker (4.8 / 5)

Instaforex Review

Despite an attractive looking website with numerous sports sponsorships and flashy marketing, InstaForex is a simple MetaTrader only broker that is minimally regulated, expensive, and overall provides traders a weak offering.

Review Sections:

Please Note: Instaforex was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

InstaForex was founded in 2007 by InstaTrade Corporation, offering forex, CFDs, and binary options trading as a MetaTrader only broker. In total, 88 CFDs are offered alongside 107 currency pairs.

While not a factor in our review of InstaForex, the firm is known for its marketing sponsorships across various sports. Since its inception, InstaForex claims on its website that over seven million traders have opened accounts.

Is InstaForex a reputable fx broker worth trading with? Read on to find out.

Is Instaforex Safe?

Instaforex is considered high-risk, with an overall Trust Score of 69 out of 99. Instaforex is not publicly traded and does not operate a bank. Instaforex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Learn more about Trust Score.

Regulations Comparison

Feature Instaforex
Year Founded 2007
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 0
Tier-2 Licenses 1
Tier-3 Licenses 1
Trust Score 69

Offering of Investments

The following table summarizes the different investment products available to InstaForex clients.

Feature Instaforex
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 107
CFDs – Total Offered 88
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

InstaForex offers two main account types: Insta.Standard (ECN / non-dealing desk) and Insta.Eurica (dealing desk). Both accounts have only a 1 USD minimum deposit.

With Insta.Standard accounts spreads average between three and seven pips depending on the pair. There is no commission for Insta.Standard accounts; instead, the commission is built into the spread.

Contrarily, Insta.Eurica accounts charge a commission for trades, which varies between 0.03% – 0.07%.

For example, InstaForex lists a spread of three pips on the EUR/USD for Insta.Standard accounts, meanwhile in an Insta.Eurica account, there is no spread listed. Instead, the commission is built in, which equates to an all-in cost of three pips. All in all, both account types charge nearly identical prices.

Feature Instaforex
Minimum Initial Deposit $1
Average Spread EUR/USD – Standard N/A
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts No

Research & Education

When it comes to market research, InstaForex provides a mixed offering. Highlights include InstaForex’s daily market analysis blog posts, technical analysis posts via MT5, and InstaForex TV, InstaForex’s video offering, which, on average, produces four to six forex news videos each day. Interviews, weekly reviews, and other educational videos are also available.

The primary drawback to InstaForex’s research offering is its lack of third-party research tools and services.

Research aside, education primarily includes videos, a glossary, and a variety of very basic articles (text only) on forex trading. If there is one feature we’d like to see InstaForex add, it’d be a regular webinars schedule and the ability to view previous webinars on demand.

Feature Instaforex
Daily Market Commentary Yes
Forex News (Top-Tier Sources) No
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Platforms & Tools

InstaForex is a MetaTrader4-only broker. This means it offers the MT4 platform suite from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web. To learn more about MT4, read our full MetaTrader guide.

While MetaTrader 4 comes standard, with little that varies from broker to broker on the surface of the platform, there can be significant differences in how the platform is set up when it comes to trading spreads and commissions, the available execution method, and other tools, features, and administrative areas that can affect your trading experience.

Unfortunately, for InstaTrader clients, the MetaTrader platform (branded as InstaForex) comes with only the default functionality. Furthermore, there are no other third-party platforms or plugins provided to traders.

Feature Instaforex
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop No

Mobile Trading

Since InstaForex is a MetaTrader-only broker, iOS and Android versions of the MetaTrader 4 mobile app come standard and are both available for download from the Apple iTunes store and Android Playstore, respectively.

Feature Instaforex
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

Other Notes

Forex traders considering an account with InstaForex should be aware that while the broker is FCA licensed, it is not FCA authorised and regulated. Because of its CySEC (Cyprus) authorisation, InstaForex is passported through to the UK, meaning it can accept UK residents. However, it has yet to receive formal FCA authorisation, which negatively impacts trustworthiness (see section, “Trust Score” above).

Final Thoughts

Despite being in business since 2007 and offering a website that is well designed and full of advertising sponsorships to suggest that InstaForex is a reputable, trustworthy forex broker, our research does not back up the broker’s claims.

InstaForex is minimally regulated and has yet to receive reputable operating licenses in Europe, for example from the FCA (UK). Regulation aside, InstaForex only provides its clients with the default MetaTrader experience, and despite offering its own video content through InstaForex TV, the providing research is weak compared to industry leaders. does not recommend InstaForex. View our guides to the best FCA brokers and CySEC brokers.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

Best Binary Options Brokers 2020:
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  • Binomo

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