InstaForex Review

InstaForex Logo Max Bonus: 30%

InstaForex

Rating: 9.6/10
InstaForex Home Page Screenshot InstaForex Trading Platform Screenshot
Broker InstaForex
US Traders Accepted
Company Name InstaTrade Investment
Headquarters Russia
Regulation No
Bonus Type $100 no deposit bonus OR 30% welcome bonus.
Bonus Size 30%
Max Payout 80%
Out-of-Money Reward 0%
Trading Platform MetaTrader 4, MetaTrader 5, Proprietary web platform
Early Closure
Deposit Options Credit/debit card, bank transfer, RBK Money, QIWI, Skrill, Bitcoin, Neteller, Yandex.Money, Z-Payment, cash
Deposit Currencies US dollar, euro
Minimum Deposit $1
Minimum Trade 0.01 Forex lot
Maximum Trade 10,000 Forex lots
Online Since 2008
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 240
Binary Option Types High/Low
Customer Support Types Telephone, live chat, email, Twitter, Skype, ICQ, Viber, Whatsapp, AOL IM
Education Offered Articles and videos
Tools Offered Various analytics, indicators, interest on all accounts
Commission Pay spreads (3-7) OR commissions (0.03%-0.07%) on your trades. Withdrawal fees range up to 2%.
Awards
  • ShowFx World 2009 – Best Broker in Russia
  • ShowFx Asia 2009 – Best Broker in Asia
  • World Finance Awards 2009 - Best Broker In Asia
  • World Finance Awards 2010 – The Best Forex Broker in Asia
  • European CEO Awards 2011 – The Best Retail Broker
  • Jordan EXPO 2011 – The Best Forex Broker in Retail Market
  • World Finance Awards 2011 – The Best Broker in Asia
  • Forex & Investment Summit 2011 - Best Retail FX Provider Award 2011
  • Best Broker in Asia 2012 by IAIR Awards
  • Best Forex Broker in Asia 2012 by Global Banking & Finance Review
  • Best Broker CIS 2012 by ShowFx World
  • Best Broker in the Eastern Europe 2012 by ShowFx World
  • Best Retail Forex Broker 2012 by IAIR Awards
  • Best Forex Broker in Asia 2012 by ShowFx Asia
  • Best Broker in Asia 2012 by the 10th China Guangzhou International Investment and Finance Expo
  • Best broker in Asia at the China International Online Trading Expo (CIOT EXPO)
  • Best Broker Northern Asia by World Finance Awards 2013
  • Best Global Retail Broker 2013 according to European CEO Awards
  • Best Forex ECN Broker 2013 by UK Forex Awards
  • Best Forex Broker Asia Pacific by International Finance Magazine
  • Best Forex Broker Eastern Europe 2014 by IAIR Awards
  • Best broker in Asia at the China International Online Trading Expo (CIOT EXPO) 2014
  • Best Forex ECN Broker 2014 by UK Forex Awards
  • Best ECN Broker in Asia 2014 by International Finance Magazine
  • Best Broker in Asian Pacific 2015 by Shanghai Forex Expo
  • Best Broker Asia 2015 by Capital Finance International
  • Best ECN Broker 2015 by International Finance Magazine
  • Best Forex Mobile Application 2015 by ShowFx World
  • Best Web Trading Platform 2015 by ShowFx World
  • Best Forex ECN Broker 2015 by UK Forex Awards
  • Best Forex Broker Eastern Europe 2015 by IAIR Awards
  • Most Innovative Forex Brand in Asia 2015 by GBM Awards
  • Best Forex Broker 2015 by European CEO Awards
Languages English, Arabic, Czech, German, Persian, Lithuanian, Romanian, Spanish, Ukrainian, Uzbek, Azerbaijani, Hungarian, Italian, Russian, Vietmanese, Malay, Thai, Bulgarian, French, Hindi, Japanese, Urdu, Serbian, Turkish, Bengali, Chinese, Georgian, Bahasa Indonesian, Korean, Dutch, Portuguese, Slovak
Demo Account Yes, no restrictions

Interested in binary options trading, but thinking about maybe doing Forex trading instead?  One unique broker which bridges the gap between the two is InstaForex.  When you first visit InstaForex’s website, chances are good you will feel a bit lost.  You will notice right away there are features of binary options trading as well as features of traditional FX trading.  It takes some time to learn the ropes, but it seems like this is a website with a very interesting service to offer.

About InstaForex

First, you probably want to know a little more about InstaForex.  This website is operated by a company called InstaTrade Investment, which is based in Russia.  At one point, the site was regulated by the Federal Financial Markets Service (FFMS).  That agency dissolved in 2013 however, so currently InstaForex is unregulated.

While InstaForex is promoting its services largely toward customers in Russia and Asia, you will find that they are accessible to traders all around the world (with the exception of the USA).  You can view the site in 33 different languages, which is pretty impressive.

Getting Started on InstaForex: Flexible Accounts

If you check out the accounts page on InstaForex, you will find several different types of accounts available:

  • Insta.Standard Trading Accounts
  • Insta.Eurica Trading Accounts
  • Cent.Standard and Cent.Eurica trading accounts

These different account types exist to provide you with rather unique flexibility.  Unlike a lot of binary options brokers, InstaForex does not offer commission-free trading.  This is not a bad thing; it actually is generally indicative of a trustworthy service.

You do get to decide how you want to pay for your trading.  If you prefer fee-free trading, you can open an Insta.Standard Trading Account.  With this type of account, you pay a fixed spread.  If you would prefer to pay commissions instead, you can choose the Insta.Eurica Trading Account, which functions without a spread.  Cent.Standard and Cent.Eurica accounts are the same thing, but they are built for traders with very small bankrolls.

In fact, the minimum deposit size is just $1.  The minimum trade size is only 0.01 of the lot (the maximum being 10,000 lots).  So even if you have very little to trade with, you can get started on InstaForex with minimal risk.

When you make your deposit, you will have a chance to claim a bonus.  Either you can go for a 30% welcome bonus, or you can select a $100 no-deposit bonus.  There are also numerous other promotions which come and go throughout the year, a club card you can sign up for, and plenty of contests you can participate in for prizes.

On top of that, InstaForex provides a demo account which appears to have no restrictions or strings attached.  This means you can practice as long as you need to before you trade with real money.  This is an excellent feature which should be standard everywhere—but many binary options sites do not offer it.

One-Click Trading

There are a number of different ways you can trade on InstaForex, but what you are looking for as a binary options trader is the “one-click trading” service.

If you visit the link above, you will see exactly how One-Click trading works.  First, you need to pick a trading platform.  InstaForex offers three: MetaTrader 4, MetaTrader 5, or a proprietary web platform.  I am a big fan of MetaTrader 4, which is free to download, comes with a ton of indicators, and is amazing for planning your trades.  All of these choices are fantastic.  Note that you can also trade on your mobile device; Android and iOS apps are available for MT4.

Once you have your platform set up, you download the One-Click Trading interface from InstaForex, install it, and launch it through your trading platform.  Once you open it, you will see familiar green and red buttons for “Buy” and “Sell” as you would with any High/Low binary options trade.

There are a ton of trading instruments on InstaForex.  It is probably the single largest selection I have seen to date of currencies, commodities, stocks, and indices on any binary options website.

It is difficult to find information about payouts, but I was told that winning trades with One-Click Trading pay out “1.80,” which I assume translates to 80%—pretty standard for binary options.  There is no out-of-money reward.  There is Early Close, however, and you can use it anytime you like.

Customer Service and Resources

As you browse the website, you will find there are a lot of articles and videos about trading, as well as a number of different analytic tools you can use—including some special indicators.  All of these resources are great.

I did have a chance to talk with customer service.  You can access the team via numerous different channels.  Along with the typical channels (telephone, live chat, email), you can try Twitter, Skype, Viber, ICQ, Whatsapp, and AOL IM.  I checked in on a Sunday, so I was impressed somebody was there.

Initially I was not all that impressed; when I asked a question about payouts, the customer service person originally seemed to think I was asking about something totally unrelated (withdrawals).  This was probably a language barrier issue.

Either way, I was impressed when he took the time to actually go and find the proper answer after I asked again, explaining he had not helped yet.  While this would have been an easy question at another site (one I would expect an instant answer to), on this site it did not surprise me he needed a few minutes to look something up.  He did get me what I needed.

Overall, I am impressed with what I have seen of InstaForex.  The only things that bother me are 1-the site is confusingly structured and it is hard to figure out what you are doing, and 2-there is still an outdated claim the site is regulated by the now-defunct FFMS.  Aside from that, it seems like a great service, one which unites the best of both worlds—binary options and Forex.

InstaForex, 9.8 out of 10 based on 9 ratings

Visit InstaForex →

10 Traders' Reviews

  1. Jessic reviewed InstaForex

    InstaForex has low transaction costs with the ECN. My transaction cost is as low as possible with their fixed $3 per trade commission rates. They have competitive and reasonable rates. They have no deposit bonus of $ 20, it is easy to get it very good and useful for beginners who want to get started.

  2. reviewed InstaForex

    I agree what Charlie said above. Instaforex never let me down in the past 2 years. I tested many new services they provided, and turns out all of them are good. But I like currency trading more than others and I earned a lot from it. The most satisified feature of currency trade at instaforex is that it provide many rare currencies, and these currencies provide many opportunities that many others ignored. Hope they can provide more in the future!

  3. reviewed InstaForex

    I have a great experience with InstaForex about customer service when I have stopped out trades problem. I contacted the help desk and wrote an e-mail to my personal account manager explaining the situation that I had occurred. And I must say they reacted in a phantastic manner and re-installed all my stopped out trades within a couple of minutes! I was overwhelmed and grateful by such an instant generous help, which saved me from a big loss. Thank you InstaForex!

  4. Kamson reviewed InstaForex

    I am new with InstaForex and so far so good. Great support, cool platform – very innovated and friendly. I am very thankful to the eToro helpful staff and user friendly platform that allows the newbies like me to learn the forex trading, through the educational materials provided on their website and videos. I am currently trading bitcoin for myself on the platform, and making some money too, I funded with $150, because I InstaForex allow one to start with any amount, although my funding initially was delayed with an extra one hour, but I received a mail from them apologizing for this. I have really had a great experience on InstaForex platform, and will surely make a withdrawal request by tomorrow, because my account balance has increased to $350 within the few days of trading. I recommend InstaForex to all, especially beginners like me!

  5. Kiran reviewed InstaForex

    I know Instaforex since year 2015 and during that time I was trading with demo account. I don’t think broker is having so much problems in fact trading is risky enough if one does not have knowledge and skills about trading forex. Based on my experiences demo and MT4 server was good enough while it is simple and easy to use. I have cent account with Instaforex, I did applied TP and SL to control the loss and it is working. Last week, I just withdraw a profit of $200 via Pay.co and less than 72 hours money was credited into bank account. Anyhow, my advice is be careful with any local depositor as I also choose the real one and authorized local depositor stated in their website only. Thanks Instaforex!

  6. reviewed InstaForex

    I have been trading with InstaForex for about 3 months now they are the perfect broker they met my needs. InstaForex has very low spreads and their execution is very good and slippage is almost none. I’ve made profit over $1000 at Insta over the past 4 months. I also like their Banecard payment system. End of the last month I made a small withdrawal of $150 to see if they would pay to Banecard, and they actually managed to do it. I got my money within 3 hours. I am also happy with their trading environment.

  7. reviewed InstaForex

    I trade with InstaForex for over a year after I tried their demo account and liked their services. I have one Insta.Standard account with USD currency and One PAMM account opened 3 months ago. I trade with them using the MetaTrader 4 platform for Android and desktop. The platform works fine even in volatility times, is very stable and the prices are real, the broker is not manipulating the prices. My profit is currently average of 1000$. I use the tools Autochartist and ForexCopy system. I trade from shares Google, Apple and Amazon, to currency pairs and Gold/Silver, also Bitcoin for the past 6 months when it started to have very big moves. To withdraw money it take 24h to get the approval. But I had also approval in 5h. I use the systems ePayments and Skrill. There aren’t hidden commissions at withdraw. Till now I am very pleased with the broker.

  8. reviewed InstaForex

    InstaForex is one of the best forex brokers in the market with innovative technologies and updated trading conditions with the conditions of the market. I applied for 50% welcome bonus which give me back each time I deposit 50% of my initial deposit. The platform MT4 works fast in execution. I trade mainly after-noon when the market is more stable and use currency pairs EUR/JPY and EUR/CHF. I had two times positive slippage with a winning of 110$. I like the spread, on average of 2.4 pips for both pairs. I called their support time for information and when they aren’t available right away, they called my back, which is a plus for me with this broker.

  9. InstaForex Gertrude Fritz reviewed InstaForex

    “Hello Traders!

    This is Gertrude, one of the official representative of InstaForex.In behalf of InstaForex, we would like to thank you for choosing us as your broker and for giving us a very satisfactory rate. We will continue to provide an excellent service, have a good day :)

    Sincerely,
    InstaForex Gertrude”

  10. KobusKemp reviewed InstaForex

    Instaforex is my best choice for Binary options trading. I can do binary options trading and forex too in one mini account. I have preferred their user-friendly advance platform, fixed commissions and lowest amount of depositing or withdrawing fund. I found the free signal with notifications with them on the platform too. So my call or put orders are profitable. I have set an EA for automatic trading, which works as my direction. Really it I am happy when I see my profit credited on time at Neteller account. I have tried their PAMM and the forexcopy system too. is an amazing service on the market. I am thankful to trade on Instaforex Broker.

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