InstaForex is fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license #266/15. Further, it has been approved to offer real money Forex trading and financial services by the FCA (Financial Conduct Authority) with reference #728735. Instant Trading Limited (BVI) is fully licensed by BVI FSC with license #SIBA/L/14/1082. InstaForex IT UK Limited is incorporated in England and Wales with registration #10802032.
This experienced Forex brokerage was established in 2007, and now boasts an impressive 7 million traders globally. It is estimated that some 1,000+ accounts are opened daily. The total number of financial tools is estimated at 300+, and includes indices, commodities, stocks, and Forex pairs. Leverage is certainly impressive at this broker, with leverage from 1:1 all the way through 1:1,000. Various bonuses and promotional offers are provided to win the trust and support of clients around the world. This online broker is affiliated with many of the hottest stars in the sports world, including tennis ace Victoria Azarenka as a brand ambassador in 2013, Janko Tipsarević, the Marussia F1 Team, and Liverpool FC among many other sports superstars and teams.
InstaForex has received multiple awards over the years, including the following:
- Best ECN Broker 2017 by European CEO
- Best Social Trading Broker 2016 by UK Forex Awards
- Best ECN Broker Eastern Europe 2016 by Global Business Outlook
- Best Forex Broker in Asia 2016 by IAIR Awards
- Best ECN broker 2016 By European CEO Awards
- Best ECN Broker in Asia 2016 by International Finance Awards
InstaForex boasts dozens of other prestigious awards over the years.
Various account types are available for forex traders, including a demo trading account, and an instant account. The live trading account is fully compatible with a Web Terminal, Android, iOS, and Windows platforms. The MetaTrader 4 platform is ideal for trading the 107+ currency pairs currently available at InstaForex. Leverage of 1:200 is the default for the trading platform. The InstaTrader Account can easily be downloaded from InstaForex at the click of a button. The live trading account requires clients to enter their full name, email address, telephone number, and country.
The demo trading account on MetaTrader 4 is fully functional, and mimics a real-life trading account, sans any of the risk. You will get to enjoy access to 107+ Forex pairs, gold, silver, CFD futures, and 34 CFD stocks. A wide range of account features is currently available including VPS hosting, EAs, signals, charting and other features. The MetaTrader 4 trading terminal features MQL4 for quick and easy access to the Forex markets. You get to perfect your currency pairs trading skills without risking any real money in the process.
Trading Platform/ software
The trading platform used by InstaForex is MetaTrader. This powerful trading platform is considered the best in the world, particularly MetaTrader 4 for Forex trading. Among the many benefits of MT4 are around-the-clock service, rapid executions of orders, mobile functionality, hundreds of financial trading instruments, EAs, excellent record-keeping, and low resource intensity. MetaTrader 4 can be downloaded to Windows and mobile devices, and it features 9 time frames, a huge number of technical analysis tools, financial market news, automated trading options, one-click trading, trailing stops, indicators, EAs, and secure socket layer technology with 128-bit encryption.
MetaTrader 5 is also available to clients at InstaForex. It is free to download and install and features cutting-edge technology including all the functions provided by MT4. This trading platform has 21 time frames and NextGen programming language with expert advisors (EAs) as well as economic indicators. Other options include buy stop limits and sell stop limits and a full range of scripts, trading advisors and more. It is fully functional on Android by scanning the QR code, or iOS. It is also offered in multiterminal format, but this is not compatible with Mac operating systems, neither are the IFX Option Trade, or the Forex rates viewer.
Multiple deposit options are currently available to clients, including bankcard, bank wire, mega transfer, deposit via PayCo, Skrill, ePayments, NETELLER, UnionPay, WeChat, AliPay, Boleto, EPS, EuroPay, iDEAL, Maestro, Nordea, POLi, Postepay, Skrill Direct, Sofort, Trustly, Litecoin and a host of local transfer options. For the full listing of options available for deposits into your InstaForex account, click here. Note that withdrawals will be processed by the finance department of InstaForex between the hours of 10 AM and 7 PM from Monday through Friday (UTC +3).
InstaForex is predominantly a Forex trading platform. It offers a total of 107+ currencies including majors, minors and exotic currency pairs. Other options include 88+ CFDs on leading US stocks. There are also CFDs on futures, gold and silver.
Currency pairs – EUR/NZD, NZD/USD, EUR/JPY, EUR/GBP, GBP/JPY, AUD/USD, USD/JPY, USD/CAD, GBP/USD, EUR/USD and others.
CFDs for stocks and metals – the Bank of New York Mellon Corporation, Citigroup Inc., eBay Inc., Ford Motor Company, Alphabet Inc., General Electric Corporation, IBM Corporation, Coca-Cola Company, MGM Resorts International, Morgan Stanley, Microsoft Corporation, Nintendo Corporation Limited, Oracle Corporation, AT&T Inc., Twitter Inc., UBS, Yahoo!, Walmart stores Inc., Wells Fargo & company and others. Spot gold and spot silver are also supported.
Cryptocurrency CFDs – Bitcoin, Ethereum, Ripple and Litecoin
Futures and indices for CFD trading – platinum, palladium, copper, gold, silver, crude oil, natural gas, lean hog futures, futures feeder cattle, soybeans, orange juice, cotton, lumber, cocoa, coffee, US dollar index, Hang Seng index, DAX 30, the FTSE 100 and more.
The signature promotional offer is a 30% bonus, for all bonuses made at InstaForex. However, there are many other promotional offers that traders can enjoy including the following:
- Top up your account and enjoy a Chancy Deposit Bonus from $1,000 – $10,000.
- InstaForex Club Bonus for club cardholders with a maximum bonus of 40%.
- 55% bonus for all deposits made into your trading account.
- The 100% Liverpool Football Club partnership bonus for all clients.
For a listing of all bonuses, including terms and conditions – simply click on the following link and scroll down the page.
By clicking on the support tab, you can access a host of call-center telephone numbers in the US, Canada, the UK, Switzerland, Malaysia, Indonesia, Georgia, Kazakhstan, Bulgaria, and the Ukraine. Technical support works around the clock, and there is email support, Skype, Twitter, telephone, ICQ and Yahoo messenger contact information provided. The client relations department works from 8 AM through 5 PM UTC +00, and the finance department works from 8 AM through 5 PM UTC +00. The UK toll-free telephone number is +44-800-051-8899.
128-bit encryption technology safeguards all transactions that take place on this platform. Clients can rest assured that full licensing and regulation by the FCA, CySEC and other regulatory authorities ensures that everything operates according to regulatory standards. With CySEC, clients have access to the Investor Compensation Fund (ICF) which protects against loss of funds due to theft. Further, all deposits made at InstaForex are maintained in segregated accounts. A demo trading platform helps clients to mitigate potential losses by allowing expert advisors, and zero risk trading under real market conditions.
Ease of Use
InstaForex certainly makes it easy to find exactly what you’re looking for. The trading brokerage is easy to use, since you simply click on the 3 horizontal lines on the top right of your screen to access all relevant information. Instant accounts, demo accounts, Forex news, analytics, charts, graphs, contest and promotions et al are provided. It is easy to access this Forex trading platform on your mobile devices at the App Store, or the Google Play Store. For any queries, customer support is readily available at the click of a button – they are experts at technical, trading, registration, login and related issues.
InstaForex is a respected Forex brokerage with well over 100+ currency pairs. These include major pairs, minor pairs, and exotic currency pairs. The demo trading account makes it easy to practice your preferred strategies under real market conditions. Perhaps the best aspects of this Forex brokerage include the generous leverage of 1:1 up to 1:1,000, and the wide range of bonuses and promotional offers.