High - FixedInstaForex Review
Table Of Content 👇
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Pros / Cons
- Minimum $1 deposit
- Large selection of 300+ instruments
- Intuitive trading platforms
- High Bonuses up to $1000
- Leverage up to 1:1000
- Various account funding options
- Strict regulation
- Commission free accounts
- Free VPS
- Educational materials
- Trading tools
- Pattern graphix
- ForexCopy system
- PAMM system
- No US clients
- Restricted leverage for EU clients
- Relatively high trading costs “spread”
- Slower trade execution time
Account Types
InstaForex offers as many as five different account types, promoting diversity and offering a tailored experience to traders.
These accounts are as follows:
Standard
The typical account for the vast majority of traders, Standard accounts provide all the base features the average user could want or need, with the added benefit of being able to change their leverage and deposit size.
Currencies for this account are in EUR, USD and GBP, and there are no limits attached to what you can deposit.
Eurica
With no spreads required, the Eurica account is also a good alternative for traders just starting out. The fixed fees apply on all trades.
The currency is again in EUR, USD and GBP, and there’s no limit for deposit at all.
ECN
With access to all trading functionalities and no commission required, ECN accounts are designed for the next level of trader, with a higher degree of flexibility in market execution.
Currencies remain the same minus GBP, but the minimum deposit for this kind of account is 100 EUR.
ECN Pro
ECN Pro boasts almost the same features as an ECN account. The minimum deposit of 1,000 EUR makes this account type not for the fair-weather trader.
In terms of execution type, this account utilises market execution instead of instant performance, the same as the ECN account.
The difference here is a reduced floating spread starting from 0.8 pips, to encourage higher-investment traders to give the platform a go.
Assets/Markets
As the name of the brand suggests, InstaForex primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products.
Currently, the platform has over 100 different currency pairs available to traders, allowing for full and comprehensive diversion of portfolios for traders.
What is more, the broker treats its customers to an even wider range of instruments, giving access to trading stocks, commodities, indices and cryptocurrencies in a form of contracts for difference (CFDs).
Trading Platform
While many online brokers and services offer their own proprietary version of trading platforms, InstaForex has gone the old school route by only offering MetaTrader 4 as their platform of choice.
The MetaTrader 4 download is quick and simple however. Besides, InstaForex provides its self-developed plugins such as One Click Trading and Superior Forex Desk.
For traders who enjoy the style, infrastructure and familiarity of MT4, the fact that InstaForex uses this platform could be a significant bonus. There is also the Client Cabinet that adds some flexibility.
As a well-invested, carefully designed and robust trading system, MT4 does practically everything a trader could want.
Leverage
One of the benefits of choosing InstaForex for online trading is the sensible leverage availability.
The maximum available leverage is 1:30 which reflects EU regulation on forex trading for retail clients.
Bonuses and Promotions
No bonuses or promotions were offered to traders at the time of our InstaForex EU review due to regulatory restrictions in Europe.
Deposits and Withdrawals
InstaForex EU offers its clients the most commercial payment methods including bank wire, credit/debit card payments, Skrill, Neteller, Sofort and Bitcoin. The inclusion of Bitcoin as a payment option shows that this broker is keeping up with transformations in the remittance market and represents a genuine service. No deposit fees are charged which represents the standard across the brokerage sector, but processing times are noted as the nearest business day. Withdrawal fees apply universally, but range depending on the method deployed and the processing time is once again noted as the nearest business day.
1:1000
Founded in 2007, regulated and multi-award winning InstaForex are one of the largest online trading brokers. They offer a huge range of 300+ instruments along with various account types, user-friendly platforms, trading tools and educational materials. Clients also get access to copy trading solutions, convenient deposit/withdrawal options and a dedicated support team.