Score
InstaForex
The Virgin Islands|2-5 years| https://www.instaforex.org
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B
Influence index NO.1
Ukraine 8.01Surpassed 14.90% brokers
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Instant Trading Ltd (BVI)
InstaForex
The Virgin Islands
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The The Virgin IslandsFSC regulation (license number: SIBA/L/14/1082) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The The Virgin Islands FSC regulation with license number: SIBA/L/14/1082 is an offshore regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 0.03%-0.07% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | 3-7 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 0.03%-0.07% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1 |
| Minimum Spread | 3-7 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data provideInstaForex · Company Summary
| InstaForex Review Summary | |
| Company Name | Instant Trading Ltd (BVI) |
| Founded | 2007 |
| Registered Country/Region | The Virgin Islands |
| Regulation | Suspicious Clone (FSC) |
| Market Instruments | Currencies, Shares, Indices, Metals, Oil and Gas, Commodity Futures, Cryptocurrencies, InstaFutures, etc. |
| Demo Account | Yes |
| Leverage | 1:1 - 1:1000 |
| Spread | 3-7 pips |
| Commission | 0.03% - 0.07% for Insta.Eurica and Cent.Eurcia |
| Trading Platform | MT4/5, Web Trader |
| Minimum Deposit | $1 |
| Customer Support | Callback Request, Social Media: Facebook, X, YouTube, etc. Others: Skype, Telegram, WhatsApp, Email: support@mail.instaforex.com |
| Company Address | 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands |
What is InstaForex？
InstaForex, operated by Instant Trading Ltd based in the British Virgin Islands, is an international broker established in 2007. Despite being founded over a decade ago, the company operates under the regulation labeled as “Suspicious Clone” by the Financial Services Commission (FSC).
Is InstaForex Safe or Scam？
Regulatory Sight: The regulatory status of InstaForex under the British Virgin Islands Financial Services Commission (FSC) is labeled as “Suspicious Clone.” InstaForex operates with a Retail Forex License issued by the Virgin Islands, with license number SIBA/L/14/1082. This regulatory designation implies potential concerns or discrepancies regarding its regulatory standing, indicating caution for prospective traders and investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
InstaForex offers a diverse range of market instruments across various asset classes. These include:
Currencies: Trade major, minor, and exotic currency pairs in the forex market.
Shares: Access a variety of stocks from global exchanges, allowing traders to invest in individual companies.
Indices: Trade popular stock indices representing various regions and industries, providing exposure to broader market trends.
Metals: Trade precious metals such as gold, silver, platinum, and palladium, serving as safe-haven assets and inflation hedges.
Oil and Gas: Access energy commodities like crude oil and natural gas, providing opportunities to trade price fluctuations in the energy market.
Commodity Futures: Trade futures contracts on various commodities, including agricultural products, metals, and energy resources.
Cryptocurrencies: Trade digital currencies like Bitcoin, Ethereum, Ripple, and other cryptocurrencies, offering opportunities in the rapidly growing crypto market.
InstaFutures: InstaFutures provides access to futures trading in currencies, shares, and metals, allowing traders to speculate on future price movements.
Attention: For MT5 accounts, only currencies, shares, and metals are available.
Account Types
InstaForex mainly provides four main account types - Insta.Standard, InstaEurica, CentStandard, CentEurcia. Insta.Standard and InstaEurica support trading in both EUR and USD currencies, while CentStandard and CentEurcia support trading in USD Cents and EUR Cents.
Leverage
InstaForex offers a flexible leverage range for traders, starting from 1:1 and going up to a maximum of 1:1000. The default leverage provided by InstaForex is set at 1:200, allowing traders to amplify their trading positions. This range of leverage options enables traders to adjust their risk exposure according to their preferences and trading strategies.
Bonus
InstaForex offers a wide range of bonuses to incentivize traders:
55% Bonus: Awarded for every replenishment of the trading account, with no maximum limit. This bonus applies to every deposit, regardless of previous trading outcomes, enabling traders to execute larger deals on Forex.
Club Bonus: Exclusive to InstaForex Club card holders, this bonus provides a 30% boost for every replenishment, with additional privileges depending on account activity. Club card owners can enjoy bonuses of up to 40%, further enhancing their opportunities to increase wealth.
100% Bonus: A unique opportunity for all clients, InstaForex offers a 100% bonus on the first deposit made into a live trading account. Traders can withdraw all profits generated from bonus funds without any restrictions, providing a significant boost to their initial trading capital.
For further information, users can check the bonus comparison table presented on the official website. To get the bonus, users can visit: https://instaforex.org/instaforex_bonuses#compare.
Spreads & Commissions
InstaForex offers spreads ranging from 3 to 7 pips for various trading instruments, which is relatively loose, and not competitive enough in the brokerage industry since the average spreads provided is around 1.5 pips. Additionally, for account types such as Insta.Eurica and Cent.Eurcia, commissions are charged ranging from 0.03% to 0.07%. This fee structure allows traders to assess the overall cost of trading and make informed decisions based on their trading preferences and strategies.
Trading Platform
InstaForex offers multiple trading platforms for diverse needs of traders:
MetaTrader 4 (MT4): A widely used and highly acclaimed platform known for its advanced charting tools, technical analysis capabilities, and automated trading features.
MetaTrader 5 (MT5): A successor to MT4, MT5 offers enhanced features, including more timeframes, additional technical indicators, and improved analytical tools.
MultiTerminal: Ideal for account managers, this downloadable software allows clients to work on several trading accounts simultaneously, making it easier to manage multiple accounts.
Web Platform: InstaForex's web-based trading platform offers three interface layouts (Classic, Dashboard, Charts), convenient charting tools, tick charts, live stream of orders, access to all trading instruments, latest news, and forex analysis. It is accessible on all types of accounts and can be synchronized with other InstaForex trading platforms.
Mobile Trader: InstaForex's mobile trading app provides real-time quotes of trading instruments, the ability to track all types of orders, trade history, account statistics, multiple timeframes, news, fundamental and technical analysis, advanced financial charts, and an intuitive interface. It consumes minimal data and is suitable for traders on the go.
Customer Support
Callback Request: Traders can request a callback from InstaForex's support team by filling out a form on their website, allowing them to receive assistance over the phone at their convenience.
Social Media: InstaForex maintains an active presence on social media platforms like Facebook and YouTube, where traders can reach out for support, engage with the community, and stay updated on news and promotions.
Others: Additional support channels include Skype, Telegram, WhatsApp, and email (support@mail.instaforex.com), providing multiple options for traders to communicate with InstaForex's support staff.
Company Address: Traders can also visit InstaForex's physical office located on the 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands, for in-person assistance or consultations if needed.
Conclusion
InstaForex is a broker with multiple advantageous features such as appealing trading conditions, flexible leverages, encouraging bonuses, etc. However, the “Suspicious Clone” regulation is worth attention to. While the high bonuses and fine conditions are attractive, users should be more cautious about the broker's regulation and search for comprehensive user feedback.
Frequently Asked Questions (FAQs)
Q: What is the minimum deposit required to open an account with InstaForex？
A: The minimum deposit required by InstaForex is $1.
Q: Is InstaForex regulated or not？
A: Yes, it is regulated, with a “Suspicious Clone” license.
Q: What is the maximum leverage provided？
A: The maximum leverage is 1:1000.
Q: Is a demo account available？
A: Yes, it is.
Q: Does InstaForex support MT4/5？
A: Yes, it supports both.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
News
NewsBorussia Dortmund and InstaForex extend partnership!
InstaForex was founded in 2007 by the InstaFintech group of companies. After the registration, the broker signed contracts with MetaQuotes Software, the leading provider of online trading software, and the largest news providers, like eSignal, Reuters, etc. In the first months of its activity, the broker entered into an agreement with large Western counterparties providing access to the foreign exchange market. This marked the start of the InstaForex brokerage company.
WikiFXNewsForex Analysis & Reviews: UDUSD bullish breakout | 9th Dec 2021
On the H4, price has broken out of the descending trendline resistance, signifying bullish momentum. We can expect price to bounce from 1st Support in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is further supported by the EMA period 50 acting as a support Read more: https://instaforex.org/forex_analysis/251981
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