InstaForex Review
| 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 |
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| 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.
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!
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!
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 $200 via Pay.co and less than 72 hours money was credited into bank account. Anyhow, my advice is be careful with any local depositor as I also choose the real one and authorized local depositor stated in their website only. Thanks Instaforex!
I trade with InstaForex for over a year after I tried their demo account and liked their services. I have one Insta.Standard account with USD currency and One PAMM account opened 3 months ago. I trade with them using the MetaTrader 4 platform for Android and desktop. The platform works fine even in volatility times, is very stable and the prices are real, the broker is not manipulating the prices. My profit is currently average of 1000$. 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.
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.
“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”
Opening an account at Instaforex is very easy. They also have different trading account types so you can open an account that is right for your budget and trading style. On top of that, the trading platforms at Instaforex are all working well. My favorite as of now is the WebTrader as I can easily access it on any device and wherever I am without having to install anything.
I’ve earned my highest profit by an EA with InstaForex broker. I’ve deposited only $100 in a mini ECN account but one month I can earn $200. While their fixed spread and perfect order execution help me, also I prefer their negative balance protection, As I can trade via an EA without any tension. Besides I can use many technical indicators, linear instruments, advanced charting package tools on their MT4 Platform. So I am pleased with InstaForex broker and trusted its platform in the market.
For about eight months now, I am trading with Instaforex and I am impressed with all their services. For one, they offer multiple platforms and they all work magnificently. The trading fees are also tight and the execution of orders is instant. So far, I am earning pretty well and my trades are being made smoothly.
Great broker and really motivating to trade with Instaforex! Has excellent Binary option trading platform.. There seems to be no hidden fees. I never had any problem with a trade. However I was little bit nervous at first until they processed my first withdrawal. Since then I’ve re-funded and am very happy with InstaForex.