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Analyst Team trader
Updated 12 Aug 2021


InstaForex is a global broker specialising in offering forex. The broker has 260 regional offices and uses nine trading servers to support its more than 7,000,000 clients around the world. You can review 300 trading instruments, a reasonable amount of offerings. The broker also provides support for more than 30 languages and has more than 30 analysts in its team.

In addition to providing clients with the ability to trade a range of instruments, this review would like to point out that the broker also offers contests. These contests come with real cash prizes and help traders prove their experience and skills.

The broker offers a selection of instruments including forex, CFDs, and binary options.

Broker Overview

InstaForex Lower trading fees

Trader Rating
😁 We really liked…
  • No minimum deposit to open an account
  • Incredibly popular, indicating that it has something to offer clients
  • Has earned numerous honours and awards
😕 Could improve...
  • Only 300 or so instruments to trade
  • No GBP account, just USD, EUR, and RUB
Website InstaForex
You can trade Forex , CFD , Stocks , Futures , Crypto

What can you trade?


Trader Rating
Min Deposit App Support Max Leverage Trading Fees
$100 Good 1:30 Mid

Any forex review will likely highlight that this type of asset is the main focus for trading via the broker.

InstaForex offers a truly impressive 110 forex pairs, including majors, minors, and exotics. As such, it is incredibly likely that those who review pairs will find the one that they are looking for. Clients will appreciate the broker clearly outlines the spreads and swap rates for each asset on its Specifications page. Keep in mind that there are separate sections listing the rates for various accounts.

So this review can provide an idea of the rates, considering that the spread for EUR/USD is 3 with an Insta.Standard account. For an Insta.Eurica account, it drops to 0 but there is then a commission. The rates found are fairly high for the Insta.Standard account although they are on the low side of average for the Insta.Eurica account.


Trader Rating
Min Deposit App Support Max Leverage Trading Fees
$100 Mid 1:30 Mid

The other area in which the broker offers numerous assets is CFDs, which leads to an expansive CFD review. There are CFDs for shares, metal, futures, indices, and cryptocurrencies.

Broker offers three main metal CFDs, including Spot Gold, Spot Silver, and Gold Spot (500 ounce). There are no fees associated with trading these assets, but the spreads are high enough to encourage caution, at 60, 40, and 60 respectively.

This InstaForex review finds it interesting that in addition to those metals, the broker lists Platinum and Palladium CFDs in the same spot as its indices and futures. This is also where you will find seven energy commodities, eight agriculture commodities, and six goods commodities.

This CFD review would also like to mention that the broker offers seven index CFDs. This includes the most popular indices, such as the FTSE 100, NASDAQ Composite, DAX 30, and S&P 500 Index.


Trader Rating
Min Deposit App Support Max Leverage Trading Fees
$100 Mid 1:5 Mid

Stocks make up part of the InstaForex, with a fair variety of offerings.

Traders should keep in mind that the stocks mentioned all have spreads in addition to fees of 0.1 per cent. There are nearly 90 share CFDs available from the broker, offering a nice variety that includes all of the major companies found on the United States stock market. Those in search of share CFDs from other markets will have to look elsewhere, as will traders who want direct access to stocks instead of via CFDs.


Trader Rating
Min Deposit App Support Max Leverage Trading Fees
$100 Mid 1:10 Mid

Those who are interested in trading futures will not find what they want in an InstaForex review. The broker only offers a handful, and all are metals.

The only available futures are Copper, Gold, and Silver. These all have a tick cost of $10 and the tick sizes are 0.001, 0.5, and 0.01 respectively.


Trader Rating
Min Deposit App Support Max Leverage Trading Fees
$100 Regular 1:2 Mid

This cryptocurrency review lets potential traders know that the broker only offers cryptocurrencies via CFDs. As such, clients do not need to own a cryptocurrency wallet to invest in the digital currencies.

There are five instruments, including Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple. As with some of the other assets offered by the broker, cautions potential clients that there are fees in addition to spreads. All cryptocurrencies have a 0.1 per cent fee. Spreads are 200 for Bitcoin Cash, 12,000 for Bitcoin, 200 for Ethereum, 70 for Litecoin, and 50 for Ripple.

What did our traders think after reviewing the key criteria?


Trader Rating

Broker’s fees are relatively high. To some extent, the fees will depend on the account type you select as well as the instrument in question. Spreads on Insta.Standard and Cent.Standard accounts are usually between 3 and 7 with zero fees while Insta.Eurica and Cent.Eurica accounts usually have zero spreads and 0.03 to 0.07 per cent fees. As such, it is possible for traders to find assets with low fees from InstaForex. In general, however, most of the broker’s fees are high when compared to those offered by competitors.

Account Types

Trader Rating

This InstaForex review appreciates the variety in account types from the broker, as there are two main categories of accounts, both also offered in micro versions.

Insta.Standard accounts do not charge fees on forex, instead making a profit via spreads. This type of account allows Micro Forex trading (with $1-$10 minimum deposit), Mini Forex trading (with $100 minimum deposit), and Standard Forex trading (with $1,000 minimum deposit).

Insta.Eurica accounts may not pay spreads depending on the asset in question, instead paying a commission. It can be helpful for beginners, as they do not have to account for spreads when calculating profits and trades.

There are also Cent.Standard and Cent.Eurica accounts available. Broker suggests these accounts for beginner traders who are still learning or who want to test trading strategies. This account type offers Micro Forex with 0.0001 lot volumes.

All account types offer USD or EUR base currencies and minimum deposits of 1 USD. Regardless of account type, InstaForex offers leverage of up to 1:1,000, a 25 per cent margin lock, a 30 per cent margin call, a 10 per cent stop-out, instant execution, and a 5 per cent interest rate.

Demo accounts are also available with MetaTrader 4.


Trader Rating

This InstaForex UK review feels that the platform options from the broker are slightly lacklustre but provide enough for most traders.

instaforex platform

Most of the trading clients do will be via MetaTrader 4. This is the most popular platform in the world for trading forex and CFDs, thanks to its intuitive use and the plethora of tutorials and guides available. MetaTrader 4 is available as a download for Windows, Linux, Mac OS, iOS, and Android.

This platform offers technical analysis tools, the ability to use and create Expert Advisors, built-in technical indicators as well as plotting tools, online analytics, and trading instrument quotes, automated trading, trading signal support, nine time frames, the ability to use 10 interactive charts at once, a forex newsfeed, and one-click trading.

Additionally, lets clients know that the broker has its own platform for binary options trading. This is the InstaBinary web platform that the broker made just for that specific purpose. It features 6-digit quotes and large-scale web solutions and charts.

Also developed WebIFX, which provides access to trading CFDs on indices, futures, and metals as well as currency pairs. It also allows for analysis and trading. It features the choice of three work interfaces and includes balance charts to allow for trade analysis.


Trader Rating

Broker’s website is fairly easy to navigate. The main navigation menu is set up in a slightly unique way, as it is divided based on the category of the website visitor (such as traders or beginners), yet the intuitive arrangement means visitors should easily find the information they want.

The layout and colour scheme of the website are reasonably professional although they give the website a less serious tone than some competitors have. This is mainly a result of the use of images of key people related to InstaForex, such as spokespeople.

Customer Support

Trader Rating

Broker’s Official Support Section is a set of websites with a completely different design. This page is incredibly dated in appearance and does not even fill the entire screen on the computer. While the appearance of the page is lacklustre, the content includes all of the FAQs you are likely to need, as well as a link to a live chat.

There is also a separate FAQ section that appears more modern and covers much of the same material. Additionally, clicking Support at the top of the page will show you options to contact customer support, including via requesting a call back, emailing, using the live chat, and visiting the contact page. There are also options to contact support via WhatsApp, Telegram, Skype, Viber, and Twitter in addition to a phone number to call.

Instaforex Support

Payment Methods

Trader Rating

If you review InstaForex payment methods, you are likely to find one that works for your needs.

Card payments

Your credit card system will likely charge a fee for using this deposit method. Processing occurs within 24 hours. Supported bank cards include Visa, MasterCard, Diners Club International, JCB Card, American Express, Union Card, and STB. There is also support for Maestro without fees in the UK. 

Bank wire transfer

Bank wires are typically processed within two to four working days. There will likely be a bank fee involved. There is no fee associated with Sofort Banking or Skrill Direct from Rapid.


Instant deposits without fees are available via PayCo, WeChat, AliPay, and Neteller. Deposits via Skrill do not have fees and are processed within 24 hours. There are also other location-specific options, such as CartaSi for Italian debit cards. Finally, broker supports deposits in the form of Bitcoin and Litecoin without fees and with processing within three hours.

Best Offers

Trader Rating

Broker appreciates the range of tools and educational resources available to clients. Analysis includes a forex forecast, popular analytics, forecasts, the economic calendar, pattern Graphix, forex news, and InstaForex TV.

There is also access to charts, including tick forex charts and forex charts. InstaForex TV has a range of videos, including looks at the trader’s calendar and more. Beginners will appreciate the video tutorials, training, and an FAQ section.

Regulation & Deposit Protection

Trader Rating

This InstaForex review lets readers know that the broker has licensing from BVI FSC on the British Virgin Islands under the name Instant Trading Ltd. The License Number is SIBA/L/14/1082 and the Reg. Number with FSC Saint Vincent is IBC22945.


Trader Rating

Over the years, InstaForex has earned many awards. 2018 honours include “Best Forex Cryptocurrency Trading Platform 2018” from the UK Forex Awards, “Best ECN Broker Asia” from IBM, and “Forex Broker of the Year for Eastern Europe” from the Le Fonti Awards. In 2017, honours included the “Development and Success Award at Financial Olympics 2016 – 2017,” “Best ForexCopy Trading Platform” from ShowFx World, “Forex Broker of the Year for Innovation Europe” from Le Fonti Awards, and “Best ECN Broker 2017” by European CEO.

instaforex awards

Looking back to 2016 shows honours for the “Best Social Trading Broker,” “Best ECN Broker Eastern Europe,” “Best Forex Broker in Asia,” “Best ECN Broker,” and “Best ECN Broker in Asia.” Going further back shows even more awards for this broker, with similar titles as well as those for its platforms.

InstaForex FAQs

Yes, Instaforex is a multi-regulated legitimate broker. The CFD broker, established in 2007 offers a range of 200+ trading instruments across multiple asset classes and the cutting-edge MT4 platform. Besides the excellent trading conditions, multiple funding methods and the 24/5 client support, Instaforex offers regular bonuses, promotions and contests with thousands of dollars in prize money every year.

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.