Instaforex is a regulated broker. Nowadays, the financial services world is quite vast. There are a great number of companies, each of them say to provide the best trading conditions. But how do you detect the real beneficial ones?
6 reasons to trust Instaforex
When it comes to choosing a reliable broker, a trader has to pay attention to the following criteria:
- Broker Reputation
- Regulations and capitals safety
- Broker’s Trading conditions/platform
- Trader Education and markets analysis
- Deposits/withdrawals of funds
- Customer care
Based on these informations, let us analyse if InstaForex is the broker of choice or it does not deserve traders’ trust.
InstaForex is an international brand born in 2007. It has more than 7,000,000 customers from all over the world. Fourteen years of work and seven million users – that is quite impressive. Here are some more stats: over 30 worldwide awards, more than 30 analysts, 200+ financial instruments, and 9 servers for trading. What’s more, the company has the InstaSport section presenting such brand testimonials of the company. Among former and actual partners there are Ole Einar Bjoerndalen, Viswanathan Anand, Vladimir Moravcik, Daria Kasatkina and many others. InstaForex has also a partnership with Czech Airlines and branded one of its Airbus A319 as the InstaForex Airplane. Sounds impressive, doesn’t it?
Regulations and capital safety
As already mentioned, InstaForex is an international company, and EU clients are serviced solely by the brand’s member Instant Trading EU Ltd. It is based in Cyprus and regulated by the CySEC, license n. 266/15. Therefore, by opening an account with this broker, you can count on the top execution policy and negative balance protections. Shall we add that the company is a participant of the Investor Compensation Fund, so eligible customers can get a compensation of up to € 20,000 in case of insolvency. From a regulation point of view, InstaForex ticks all the boxes.
Instaforex Trading conditions/platform
InstaForex offers the tried-and-true MT 4 app that is very used by traders worldwide. The platform gained popularity thanks to its vast function kit and a user-friendly experience. Both desktop and mobile apps are available. Mostly, it allows expert advisors and any custom indicators can be loaded.
The list of financial instruments includes these assets:
- 110 Currencie pairs
- 13 Indices
- 2 Commodity Futures
- 4 Metals
- 89 Stocks
- 5 Cryptos
The contract specifications are posted on the website in tables that include exhaustive infos about each of these assets.
A trader should be aware that 1 lot on InstaForex is equal to 10,000 currency units and not 100,000 units as commonly used.
You can trade on all assets on a social basis through the ForexCopy Trading system. There are two major roles in this system: Traders who share their deals for copy trading and Followers who subscribe to Traders to copy their trades. Importantly, ForexCopy can be good for both: Followers can enter the market easily and use less time for trading while Traders can grow their profit by earning commissions for copy trading.
As for the costs and fees, it depends on the account class. InstaForex offers six types of account: Insta.Standard, Insta.Eurica, ECN, ECN Pro, Scalping, and VIP accounts.
Traders can choose the preferred payment option for the platform’s services. Fixed spread, floating spread or commissions are charged. The size of spreads and commissions is on average, compared to other brokers, but given the entity and reputation of the platform, these charges are very competitive. It is important to know that the minimum deposit on Insta.Standard and Insta.Eurica accounts is just € 100 which is a beneficial situation for those who make their first experiences on Forex or willing to top up their accounts.
InstaForex provides a financial leverage up to 1:30 for retail customers, because it agreed with the limitations given by the CySEC. Importantly, clients can ask for an account free of swap, and no swaps will be deducted.
InstaForex facilitates either Market or Instant execution, depending on the account type.
To sum up:
- More than 200 financial instruments
- MT4,WebTrader andMobileTrader trading platforms
- 6 types of account
- fixed spreads from 2pips or floating spreads from 0.5 pips or commissions from 0.02%
- Financial leverage up to 1:30
- swap-free accounts upon request
- Instant or Market execution
Trader Education and markets analysis at InstaForex
Well-timed economic and financial news and market analysis are crucial when it comes to making trading entries. Admittedly, InstaForex profuses great attention to this matter. It has a team of more than 30 currencies analysts who provide exhaustive market analysis daily. Besides, forex news along with the economic calendar are provided regularly.
The Instaforex website has a unique section, InstaForex TV, that deals with forex news, markets reviews, forex calendars, and video analysis. Such a diverse array of analysis tools can provide real help to both newbie and pro traders.
What else is there for newcomers? Those who are making their first experience on Forex can take a look at the Getting started section of the website where all the indispensable info is provided in a nutshell. InstaForex also produces video tutorials, a training course, and also audio books. Beginners may find it very useful to grow their trading skills on a demo account without risking real capitals and savings. Demo accounts are free of charge and not restricted.
Another key feature that will help both newbie and experienced traders is free online webinars. Every customer is welcome to subscribe for a webinar and learn the basics of technical analysis illustrated by InstaForex analytical team.
Deposits/withdrawals of funds at InstaForex
Many options for deposits are available at instaforex.eu:
- Bankt ransfer
No deposit commissions are deducted which represents the standard across the brokerage matter. Withdrawal fees apply universally, with the range depending on the method deployed and the processing time is the following business day.
The inclusion of Bitcoin via Skrill (we do not offer Bitcoin via Skrill any longer) as a payment method shows that this broker is updated with evolutions in the remittance market and represents a genuine service.
InstaForex Customer Care
It is necessary and indispensable that there are communication channels between a company and its customer. InstaForex has taken note of it to provide quick communication channels. The website instaforex.eu is available in many languages: English, Italian, Bulgarian, Spanish, German, French, Czech, Portuguese, Hungarian, Greek, Slovenian, Dutch, Polish and Russian.
The clients support can be reached through Skype, Viber, Whatsapp, Telegram, Facebook messenger. Besides, clients can send their questions by email, phone, or a live chat. Strong social media presence that can be used as communication channels with clients that is also the key point for InstaForex support team. An outstanding choice established for traders to interact with this company displays that the clients service is extremely relevant.
Conclusion about InstaForex
InstaForex brand has reached a leadership position in the financial services sector. InstaForex highly awarded for its quality, security, innovative approach, and a wide selection of services and offers. This company is fully compliant with the applied regulations and transparent about its services.
We want to say that the provision of high-level services and dedication to satisfy the best needs of customers has proved that InstaForex is a trustworthy broker.
- High Reputation
- 200+ Financial Instruments
- 6 types of account
- Instant Execution
- Educational Materials & Webinars
- Good Customer Care
- No US Citizenzs
- Low Leverage for EU Citizens (Due regulations)