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InstaForex.com review: Should you sign up or not? – Test for Traders

  • Free demo account
  • Multi-language support
  • Competitive spreads
  • Deposit bonus available
  • Trading via MT4, MT5 & mobile app

Looking for a reliable online broker to start trading on can be stressful, especially for someone new to the forex. Some forex brokers do not offer the best trading experience and are even a threat to traders. If you’re looking for a safe forex broker, there are certain things you need to consider

Regarding trading, it is important to tread cautiously, especially if you want to record more profits than losses. This also determines if you will end up trading long-term or quickly get frustrated with the market. Here in this review, you will know every detail that makes InstaForex a trustworthy forex broker

The official website of InstaForex
The official website of InstaForex
→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

What you will read in this Post

What is InstaForex? – Quick facts about the broker

Some facts about InstaForex

InstaForex.com is a brokerage company that offers digital investment assets to its customers. The broker started operating in 2007 and continues to offer its customers the best possible trading experience on its platform. InstaForex has its headquarters in the Virgin Islands and Saint Vincent, yet it has branches in other countries.

The forex broker is under the regulation of the BVI FSC (Instant Trading Ltd.). This regulation covering the broker is a form of security for the traders. This regulator ensures that InstaForexcom operates so that the traders have favorable trading conditions. The clients trading in InstaForex’s platform is given their due respect.

The official logo of InstaForex

Traders on the broker enjoy low trading fees and tight spreads on every asset they decide to trade with. There are more than 2000 digital assets from which traders can choose to trade with. This makes it easy to expand portfolios for the traders. As a plus to trading on the InstaForex platform, customers get bonuses on it.

Talking about InstaForex will be incomplete if it is not mentioned that the broker has won many awards, proving even more that it is a good forex broker. When compared to leading forex brokers, InstaForex ranks high among those kinds of brokers.

  • Founded in 2007
  • The forex broker has over 5 million active traders on its platform
  • It has more than 20 industry awards
→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Regulation: Is InstaForex regulated?

InstaForex.com has the regulator: FSC of British Virgin Islands.

British Virgin Islands Financial Services commission logo

The other broker, FSC, is a UK-based forex broker regulator charged with protecting the trading rights of customers from the UK. This particular broker also makes sure that customers do not go through any form of financial abuse on the broker’s platform. InstaForex.co, license number for FSC is SIBA/L/14/1082.

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Security measures for traders and their money

Clients on the broker’s platform can open a segregated account which allows them to store 70% of the money they deposit into the broker in a different account from their trading account. This particular part of the trader’s money is not affected by any risk that may occur while trading on the platform. 

The broker has security for funds traders deposit and wants to withdraw. This means that your funds on the broker are safe. For withdrawals, the broker has a two-step authentication security. This prevents just anybody from being able to withdraw money from your account into another account. 

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Review of the InstaForex trading offers and conditions:

Trading conditions of InstaForex

This broker has a wide range of assets from which traders can pick. The assets on the broker have high liquidity, meaning they hold high value. In this section, you will get to look at the different assets the broker has to offer its traders. The leverages on them that InstaForex offers to the traders. 

Forex currency pairs

Spreads for currency pairs on InstaForex

InstaForex offers its traders CFD-based currency pairs for traders to choose from. The broker offers over 90 of these currency pairs, giving traders an acceptable range of choices to make from them. These currencies include EUR/USD, USD/JPY, and GBP/EUR. The spread on each pair differs, depending on the selected one. The same applies to their leverages, and they are not the same. 

Trading CFD currency pairs is different from trading major forex pairs. Though most traders will prefer to trade major forex pairs, CFDs are also a good asset to add to your trading portfolio. With it, you’d have more than enough assets to make a profit on the broker.

Forex pairs:90+
Leverage:Up to 1:1000
Spreads:From 3 pips
Execution:Instant
Availability:24/7
→ Trade forex with InstaForex now!

(Risk warning: Your capital can be at risk)

Stocks

Spreads for stocks on InstaForex

Stocks are one of the best assets to add to your investment portfolio. This is because unlike binary options or forex, stocks have a lower risk attached to them. The company’s platform offers more than 70 stock markets for traders to choose from. Some of the available stocks on InstaForex’s platforms include Apple, Amazon, Cisco, Google, e.t.c.

Each stock market has its spread that it comes with. The spreads of the InstaForex platform start from 3 pips and below. Besides the difference in the spread, the broker also offers different leverage available to its customers.

Stocks:70+
Leverage:Up to 1:1000
Spreads:From 2 pips
Execution:Instant
Availability:During trading hours
→ Trade stocks with InstaForex now!

(Risk warning: Your capital can be at risk)

Indices 

Spreads for indices on InstaForex
Spreads for indices on InstaForex

Clients can purchase stock indices on the platform. Indices are a collection of shares from a particular exchange. This means that clients not only have access to single stock from industry shares but also can purchase bulk from such companies. Some indices available on InstaForex include the USD index, Dow Jones stock, and FTSE 100. In total, the amount of indices available on the broker is up to 30.

Indices:30+
Leverage:Up to 1:1000
Fees:From $0
Execution:Instant
Availability:During trading hours
→ Trade indices with InstaForex now!

(Risk warning: Your capital can be at risk)

Metals

Spreads for metals on InstaForex
Spreads for metals on InstaForex

Traders who love to trade metals are lucky because this broker offers them. Traders have access to 4 metals on InstaForex. Traders enjoy leverage on them and tight spreads. The trading fees on these assets are low. Here are the metals accessible to traders: – Silver, Gold (500 0z), Gold Spot, and Palladium spot.

Metals:4+
Leverage:Up to 1:1000
Spreads:From 40 pips
Execution:Instant
Availability:During trading hours
→ Trade metals with InstaForex now!

(Risk warning: Your capital can be at risk)

Energies

Spreads for energies on InstaForex
Fees for energies on InstaForex

Energies are good assets to add to your portfolio because of their liquidity and the low risks involved in trading them. Energies do not involve so much risk, unlike some other assets. Available energy instruments on InstaForex include natural gas, crude oil, e.t.c. There are more than 15 available energy instruments for traders to trade with.

Energies:15+
Leverage:Up to 1:1000
Fees:From $30
Execution:Instant
Availability:During trading hours
→ Trade energies with InstaForex now!

(Risk warning: Your capital can be at risk)

Commodities 

Spreads for commodities on InstaForex
Fees for commodities on InstaForex

Futures commodities are available on the platform. Traders have access to over 53 commodities. Commodities usually have lower risks and adding them to your investment portfolio is a good idea.

Commodities:53+
Leverage:Up to 1:1000
Fees:From $30
Execution:Instant
Availability:During trading hours
→ Trade commodities with InstaForex now!

(Risk warning: Your capital can be at risk)

Cryptocurrencies

Spreads for cryptocurrencies on InstaForex
Spreads for cryptocurrencies on InstaForex

Before trading cryptocurrencies, it is best to know all the risks involved in the asset. InstaForex offers its clients 12 cryptocurrencies to traders. These include both main coins and altcoins. Bitcoin, Ethereum, Litecoin, Cardano, and more. On InstaForex, the leverage attached to each coin differs. The same goes for the spread of each cryptocurrency.

Cryptocurrencies:12+
Leverage:Up to 1:10
Spreads:From 25 pips
Execution:Instant
Availability:During trading hours
→ Trade cryptocurrencies with InstaForex now!

(Risk warning: Your capital can be at risk)

InstaFutures

Spreads for InstaFutures on InstaForex
Fees for InstaFutures on InstaForex

These are exotic currencies that traders can access on the broker platform. In total, there are just two of these assets on the broker. These two assets are EUR/USD (Week) and then the second is EUR/USD (month). 

InstaFutures:2+
Leverage:Up to 1:1000
Fees:From 0.5%
Execution:Instant
Availability:During trading hours
→ Trade InstaFutures with InstaForex now!

(Risk warning: Your capital can be at risk)

Trading Fees: How much does it cost to trade with InstaForex?

Trading fees on InstaForex depend on various factors. Part of these factors includes the account type the trader uses for trading, the assets being traded, the spread variations, and so much more. The broker offers traders four different account types with a minimum deposit of $1. Some of its accounts are commission-free, like the InstaStandard account with a fixed spread.

The broker charges zero fees for deposits but withdrawals have a high fee. This means that traders can deposit money into their trading account without being cost a dime. Spreads on the broker start from 3 and can go higher depending on the asset the customer is trading. 

Fees also come from the inactivity of your account. The inactivity fees are considered to be on a large scale. If you want to avoid this, make sure not to leave your account dormant for too long. Even if you are not trading, as long as you have funds in the account, make sure to log in now and then. The inactivity fees can affect the trader’s financial plans the broker. 

Trading overnight should be looked at because the broker charges up to -0.63 for long positions on the trading chart. But for the short-term positions, the broker charges -0.15. Only traders in Islamic states are not charged swap fees because their account is a swap-free account. Islamic states have different trading conditions. This is why there’s a swap-free account specifically for them.

Fee:Information:
Deposit fees:No deposit fees
Withdrawal fees:2% + 0.3 EUR (minimum 1 EUR)
Inactivity fees:10 USD per account per month after no activity after the period of three months
Overnight fees: -0.63 for long positions, -0.15 for short-term positions
Note: Commissions for trades may apply, depending on asset
→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Test of the InstaForex trading platforms 

InstaForex MetaTrader platform
InstaForex MetaTrader platform

To place trades on the platform, the broker has more than a single developed trading platform. The broker has its self-designed platforms for those web traders and other well-known platforms for web and mobile device traders. InstaForex has user-friendly platforms that traders can easily understand. Let’s take a deep glance at the different trading platforms on the broker. 

InstaForex WebTrader

InstaForex WebTrader platform

InstaForex being a technologically improved broker designed its platform called the InstaForex WebTrader. This platform is accessible to only those who are registered and trading with InstaForex. The platform is a user-friendly trading platform, and it offers clients tools that they can use to perform convenient and precise trading positions. This platform works in real-time and synchronizes with any device that you can use the platform on. 

→ Start using the WebTrader with InstaForex now!

(Risk warning: Your capital can be at risk)

InstaTick Trader

InstaTick Trader platform

This trading platform is accessible to those who trade on a browser. One of its advantages is that traders do not need to download it, as it is accessible on the browser. Another advantage to using this broker is that the traders can easily detect changes in the forex market thanks to its six-digit quotes. Unlike other brokers, which have only five-digit quotes, this six-digit makes the platform better detect the market changeset. 

→ Start using the InstaTick Trader with InstaForex now!

(Risk warning: Your capital can be at risk)

MetaTrader 4

InstaForex MetaTrader 4

The MetaTrader 4 platform is used by most forex brokers, making it a popular platform among traders. It is one of the oldest designed trading platforms to help give traders access to a unique trading space. The platform comes with many advantages, part of which is that it has many helpful tools that make trading easier and more precise. Another advantage of the MT4 platform is that it is a user-friendly platform. Traders have access to a variety of tradable assets that the broker has. 

The MetaTrader platform that the broker provides is available on phones and PCs, which means traders can always access the platform on different devices. On phones, the mobile application for both Android and Apple has MetaTrader 4.

Some other advantages of this platform include the following:

  1. 30 available trading indicators
  2. Different Chart types
  3. Fast response and single-click trading 
  4. Traders can put add-ons on the platform. 
→ Start using the MetaTrader 4 with InstaForex now!

(Risk warning: Your capital can be at risk)

MetaTrader 5 

InstaForex MetaTrader 5 platform

As an upgrade to the MetaTrader 4, MetaTrader 5 is more advanced in its features than the older version. This platform is easy to understand and use, plus it is also designed so that the traders have one of the best trading experiences. Traders have access to different assets that InstaForex provides to them. 

The MT5 can be used on phones and PCs just like the MT4. It is not only accessible on the web but also on mobile software; traders can use the platform to make trades. Some other features of this platform are below.

  1. More than 20 technical indicators
  2. Up to 30 graphing objects
  3. Different chart types so traders can choose the one that suits them best.
  4. Quick execution of trades
  5. Plug-ins are available for traders to add to the platform.
→ Start using the MetaTrader 5 with InstaForex now!

(Risk warning: Your capital can be at risk)

Mobile application

InstaForex MetaTrader mobile application

This platform is strictly for phone users and is available on the Google play store for Android users and Appstore for iOS users. The software is free to download, and it has many advantages for its user. InstaForex’s mobile app has the same function and number of tradable assets as any of the other platforms. The platform comes with a tool and the MetaTrader platform for traders. The user interface is friendly as navigation on it is well-detailed. The software comes in different languages, depending on the trader’s region. 

→ Start using the mobile application with InstaForex now!

(Risk warning: Your capital can be at risk)

How to trade on the InstaForex platform

Forex trading with indicators on InstaForex

To start trading on any of InstaForex’s platforms, you must create an account with the broker. Creating an account is easy once you head to the InstaForex website and create your trading account. Following the prompts that the broker pops up or the new pages and filling in the information, you will get your account ready in no time.

Once your account is ready to start trading on the account, you will have access to the platform and the different available assets. Before selecting any asset, make sure you have money in the trading account. If there is, select the asset you want to trade. Since InstaForex has user-friendly platforms, it is easy to spot the different buttons the trader needs to carry out actions.

By choosing the different assets, you can add them to your portfolio. It is always good to pick assets where risks are not as high as a new trader. Since you have access to the trading platform you selected, you will also be able to choose the tools that will help you trade better and safely. Use the different indicators and change the graph to suit your trading taste.

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

How to trade forex on InstaForex

How to trade forex on InstaForex

The first thing a trader needs to do is to create an account with the forex broker. After creating the account, and accessing the broker’s platform, view the currency pairs that are available on it. However, before starting a trade, the trader should research forex and how to trade forex. The trader can even make use of the demo account before using their live account.

Knowing what forex currency pairs are, the trader should then choose their preferred currency pair on the platform. As seen above, InstaForex has a variety of them, and their customers have the right to choose whichever they want to add to their portfolios. After selecting the currency pair, traders should select the position they want in the market. However, traders can use the trading tools available on the platform they are using.

Forex trading order mask on the InstaForex MetaTrader 4

Enter the amount you want to use to place a trade, and make sure that the amount you choose is correct before you confirm it. When you confirm the process, your position on the chart will show. This means you have opened a market in your particular currency pair. Monitor the market to make sure that it’s going well. 

If you’re unsure about your forex trading skill, you can simply use the copy trading feature available on the platform. With a deposit of $10 in the copy trading account, you will be able to copy the exact trading step of another trader. You should make sure that the trader you are copying is good so that you do not run at a loss trying to copy someone else’s trading style.

→ Trade forex with InstaForex now!

(Risk warning: Your capital can be at risk)

How to trade binary options on InstaForex

Unfortunately, it is not possible to trade binary options with the broker. InstaForex does not allow its traders to access binary options instruments on its platforms. They can trade other assets, such as forex, commodities, indices, e.t.c, on its platforms.

How to trade cryptocurrencies on InstaForex

How to trade cryptocurrencies on InstaForex

Trading cryptocurrencies follows the same pattern as trading forex on the Instaforex platform. The trader must first create a trading account with the broker. Once your account is set, make a proper inquiry about cryptocurrencies. Know the risks involved in trading them, the best crypto to trade, and the best time to trade them. 

The next step is to fund your trading account, so you can trade. After funding your trading account, you can choose a trading position on the chart. Enter the amount you want to open trade on the chart and the duration for the position you hold. InstaForex traders enjoy overnight trading however, there is a fee attraction for overnight trading of cryptocurrencies.  

After placing your trade, check the progress from time to time. The essence of you checking the progress of your trade is so that you are sure it is going as you want it to. If not, you can abandon the trade. Traders can also add the copy trading feature if they want to trade cryptocurrencies. 

If you started trading crypto and it seems to have started on the wrong foot, it does not. You should quit because the market price of this asset fluctuates easily. You can use the demo account to practice more on trading cryptocurrencies. The demo account works like the real account, so it’s a good learning ground for traders.

→ Trade cryptocurrencies with InstaForex now!

(Risk warning: Your capital can be at risk)

How to trade stocks on InstaForex

CFD stocks are available for trading on the InstaForex MetaTrader 4
CFD stocks are available for trading via the InstaForex MetaTrader 4

The broker offers stock from companies to its clients. Traders can select from any of them to start making a profit. However, before clients can begin trading stocks with InstaForex, they need to have a trading account with the broker and have in mind the exact stock they wish to trade. Put in mind that the spread and leverage vary according to the kind of stock you choose.

If you have funds in your trading account, choose the stock instrument. Select a trading position on the chart with the amount you wish to open trade with and the duration of the trade. The platform has different technical indicators that can help traders have better and easier trading positions.

Like every commodity on the broker, the traders must keep track of the trade they have placed in the market. This way, you will know whether you should stay on the chart or abandon the trade before it ends. Before any trader should start trading an asset, they should make sure they do proper research about it. 

New traders have access to a demo account which they can use to learn how to place trades on the stock market. Besides learning how to place a trade, traders will be able to know how to use the trading tools available on the broker’s platform.

→ Trade stocks with InstaForex now!

(Risk warning: Your capital can be at risk)

How to open your trading account on InstaForex

How to open a live account with InstaForex

Opening a trading account on the forex broker is simple. In this section, you’d see the gradual process to be taken so you can create your trading account on the broker and start earning profits. Traders can open an account with their mobile phones using their app or web browser and create accounts with their desktops.

Step 1 – Create Your Trading Account

Opening a live account with InstaForex

On the broker’s website, click on instant account opening. A drop-down will contain a form for creating your trading account. Fill in the blank spaces on the form with the broker’s necessary information. The information will be your email address, full name, phone number, and country. Once done with inputting the information, click on open an account. 

If you prefer to open your account through other means, InstaForex allows its traders to open a trading account with their google account or Facebook account. This process is a fast and secure way of opening your trading account with the broker.

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Step 2 – Fill out the KYC Form

Filling out the KYC Form on InstaForex

After the step above, you must complete a KYC form. It is best to enter the necessary information with authentic information so that your account can be created successfully. In the KYC form, traders must submit any approved document by the government to prove their identity and residency. Examples of such documents include a national passport or a driver’s license (for proof of identity), while a utility bill will do for residency. 

When taking pictures of the documents, ensure they are clear and original. The process of verification will take more than one day. So during this time, you can get yourself acquainted with the broker’s platform by using the demo account to practice. Once your account is ready, you can make deposits and place trades with any of its assets.

Account types of InstaForex

During the registration process, traders have access to 5 main account types. These account types have the same $1 as their minimum deposit. However, there are different commissions and spread types that these accounts have. Below is a detailed explanation of all the account types available.

Insta Standard Account

InstaStandard account on InstaForex

The standard account is like the first kind of account on the broker. Any trader can use the standard account because of how the spread works and how market-friendly it is. This account type is a good start for new traders who want to explore forex trading. The account type gives traders the ability to change their leverage size. This account comes with the different platforms the broker offers and the various assets available. 

  • Spread starts from 3 pips
  • The leverage offer is at 1000:1
  • A variety of tradable assets is available
→ Sign up for for the Insta Standard account now!

(Risk warning: Your capital can be at risk)

Insta Eurica Account

InstaEurica account on InstaForex

This is another account that is good for new traders. The account type offers different kinds of assets for traders to trade with. Users of this account type have access to the different platforms and trading tools available to them. 

  • Availability of mark-up fee with this account type 
  • Minimum trades start from 0.01 lots
→ Sign up for for the Insta Eurica account now!

(Risk warning: Your capital can be at risk)

Cent Standard Account

CentStandard account on InstaForex

The cent standard account is a good account type for both beginner and professional traders because the account has low risks attached to it. Traders can use this account type to practice because of the low risks involved. The spreads can go from 3 to 7 pips. Zero commission is charged with this account type, and the leverage available for traders is 1000:1. 

→ Sign up for for the Cent Standard account now!

(Risk warning: Your capital can be at risk)

Cent Eurica Account

CentEurica account on InstaForex

The cent Eurica account is similar to the cent standard in some ways. However, the traders of this account type are charged commission fees for trading with the account. This account has zero spread. The Cent Eurica account owners have access to the same amount of assets the other accounts have. The account type is good for both beginner traders and professional ones.

→ Sign up for for the Cent Eurica account now!

(Risk warning: Your capital can be at risk)

Swap-free Account

InstaForex swap free account

Also known as an Islamic account, this account type is accessible to only those in Arabic countries. Those in such regions can easily apply for this account type during registration. Trade executions are fast while using the platform. Islamic traders enjoy the low trading fees that come with the account.

→ Sign up for for the swap free account now!

(Risk warning: Your capital can be at risk)

Can you use a demo account on InstaForex?

How to open a demo account on InstaForex

Yes, traders can use a demo account on InstaForex. Once they can create their trading account, they immediately have access to the demo account. The broker offer’s this account type so that new traders can learn how the broker’s platform functions. From the demo account, traders are also able to see the available assets on the broker and even trade with them.

Demo accounts are risk-free accounts used to train and plan new strategies. Professional traders use the demo account to form new strategies. This way, they can reduce the risk which may happen if they make use of their real account. The demo account is already loaded with fake money for the traders to trade with. 

The demo account is a good way to experiment with whatever you want before you try it out on your real account. 

→ Sign up for for the free demo account now!

(Risk warning: Your capital can be at risk)

How to login into your InstaForex trading account

How to log in to the InstaForex trading account

The login button on InstaForex’s homepage is bold. Only traders with a trading account with a broker can log in to their accounts. When traders click the login button, a drop-down will appear with empty fields to fill in. Users are expected to input their email address and password used to create the account.

Traders that created their accounts with Facebook or google accounts can still log in through the process by clicking the Facebook and Google icons on the screen. If you do not remember your trading account, you should click or tap the forgot password text. You will be required to enter your email address – make sure it’s the same email address you used to create your trading account in the beginning. You will receive a notification that a message has been sent to your email. 

When you enter your mail, click the link sent to the mail from InstaForex. 

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Verification: What do you need, and how long does it take?

After creating your account, you will need to submit some documents to the broker to complete your account creation. After submitting the documents, as you have seen above in the “account creation” section, the broker will need to verify that the details and documents tally with each other and that there is no fake or wrong information. The verification process will take up to two working days. When your account has completely been verified, the InstaForex group will send you a notification to your email address. 

Once the account is ready, you will have access to your real account, make a deposit into the account and start trading forex with it. 

Available payment methods for deposits and withdrawals

The following payment methods are available on the forex brokerage firm:

  1. Bank transfer
  2. Neteller 
  3. MasterCard
  4. Visa Card
  5. Skrill 
  6. B2BinPay
→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

How to deposit money – The minimum deposit explained

How to deposit money on InstaForex

When you feel ready to fund your account, simply click on the deposit/withdrawal column on the top page of the broker. A drop-down will appear, showing you the choice to make. Either make a deposit or withdrawal with the existing payment methods. Select any of the methods that you prefer. 

The minimum deposit for any account type is $1. Traders can deposit into their trading account for free. When you have selected the amount you want to deposit into your trading account, and confirmed the process, it will take anything from 2 hours to 2 working days before the money reflects in your trading account. The time depends on the method you select. 

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Bonuses available for trading with InstaForex

Bonuses available for trading with InstaForex

InstaForex offers its traders bonuses for trading with the broker. Every client receives a bonus on their first deposit into their trading account. Besides the first deposit bonus, continuous sending of funds into your trading account will attract even more bonuses. There is also a bonus for members with an InstaForex card; these members belong to a club that belongs to the broker.

One of the advantages of using InstaForex is that the traders can withdraw any profit they make from the bonus.

→ Sign up and receive your bonus with InstaForex now!

(Risk warning: Your capital can be at risk)

Withdrawal review- How to withdraw your money on InstaForex

Available withdrawal methods on InstaForex

To withdraw profits that you have made trading on the broker’s platform:

  1. Click on the deposit/withdraw money column at the top of the website.
  2. Select the withdrawal row – the broker will show you the different payment methods available.
  3. Select the one that will be of an advantage to you.

Input the amount you want to withdraw and confirm the action. A fee will be charged for withdrawing from your trading account once the total time it will take for the money to reflect in your bank account is within 2 to 5 working days. 

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Customer support for traders on InstaForex

Support for traders on InstaForex

Traders get support from the broker through different support mediums. The call center is available to respond to the traders every day. The call agents work on weekends which makes the broker reliable customer support. Besides the call center, traders can reach the company for help through its social media outlets like WhatsApp, vibe, and Facebook messenger. The email is also available 24/7, and the response time is a 4 out of 5. The broker has more than 20 languages through which it can support its customers from different regions.

Traders can also access the broker’s Frequently Asked Questions section if they need assistance with anything. The solutions there are well-detailed and yet short. 

Contact information

Customer care number:Email support:Live chat:Availability:
+35725654112[email protected]Yes, available24/7
→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Educational material – How to learn trading with InstaForex

Educational material - How to learn trading with InstaForex

Besides the FAQs and support, traders can access different education sources. These educational materials come from videos, articles, and webinars. Educational materials help traders know much about the available assets, how to place trades, and the definition of forex-based terms. 

Additional fees

InstaForex does not have any additional charges or hidden fees except for the fees mentioned above. The broker has a transparent platform that safeguards the traders and their funds. However, when making deposits and withdrawals, the payment method you choose may have to charge you for using its outlet. 

Available countries and forbidden countries 

InstaForex is available for traders in the following countries:

  • UK
  • Germany
  • Switzerland
  • Denmark
  • Italy
  • Austria

The broker is not available in the United States, Canada, or some other countries. This means that you can’t trade using the InstaForex platform from here. 

Conclusion – InstaForex is a safe and legit broker

InstaForex awards

InstaForex, as seen, is a legit broker that is under the control of different financial regulatory companies. This makes it a trustworthy broker. Opening an account with the broker can be done with simple steps although the verification process takes a long. Traders on this broker’s platform have access to different educational material, which shows that the broker cares about the growth of its traders.

→ Sign up for free with InstaForex now!

(Risk warning: Your capital can be at risk)

Frequently Asked Questions (FAQs) about InstaForex.com:

Is InstaForex a good broker for beginners?

Yes, InstaForex is a good broker for beginners. This is evident in the broker having different account types for the traders. It has account types that are just perfect for new traders to trade. The broker has a minimum deposit of $1, making it easy for beginner traders to join the platform. 

Traders have access to a demo account and educational resources to help them learn how to trade on its platform. Webinars and seminars are also organized from time to time to help beginner traders be able to match with the trading environment.

Is it possible to do copy trading on InstaForex?

Yes, the broker offers copy trading on its platforms, making trading easy for beginner traders. The cost of a deposit to copy a trader’s trading technique is affordable – at $10. The copy trading functions well and copies the trader’s exact trading position and style. 

How do I get my referral bonus on Instaforex?

InstaForex has an affiliate program that requires that those who are in partnership with it refer 10 people to register with the broker. Once you are able to register up to 10 people, send the request for your $500 reward. Once the request is approved, you will get your reward into your account.

How long does it take for my deposit to reflect?

Instaforex customers get their deposits reflected in their account fast. Once you confirm the amount you want to deposit, and verify that you’re the one who wants to make the deposit from your bank or whatever outlet, within a short while, your account will be funded. 

What platform is best to trade on?

The broker offers traders some of the best platforms, that is MT4 and 5. They are both very good platforms and traders have specific platforms they like to trade on. Both platforms are good for beginners but the MT5 is more advanced than the MT4.