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Instaforex Forex Review 2020 - Trade with more than 100 currencies

InstaForex is a perfect example of a good brokerage platform since it offers the opportunity to their clients to profit by providing a platform for trading in Forex.

Founded in 2007 in Russia and is supported by Russian ECN broker.

With over 1000 accounts being opened daily and over 2 million traders globally. So, is Instaforex a legitimate broker? Or is it just another scam hungry to gobble up all your money?

Something that is quite off-putting for people looking at using Instaforex is the fact that they don’t have a licence, and they are based in an off-shore area.

  • Instaforex is a social trading pioneer
  • Instaforex forex broker review shows a huge amount of active accounts
  • Is Instaforex forex trading legit? The answer is yes, they are safe and secure and highly regulated.
  • Instaforex Forex Trading - Review 2018 shows that over 1000 accounts are opened daily
of 30 Forex Broker
Instaforex Experience
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Headquarters and regulation


Fees and Spread

Depends on account type


up to 1:30

Market Model


Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account


Trade Offering

107 Currencies

Minimum deposit

£ 1

Services & additional benefits

Economic Calendar

1. Trading Offer

1.) Forex Trading Offers: With over300 tradable assets

What are the trade markets available on Instaforex? Instaforex forex broker is basically a forex and CFD provider. The trade markets on Instaforex include the following tradable assets and offers:

Raw materials

Tradable assets: The number varies reliant on the accounts number. 300+ is the tradable assets size. FX offer: Spot FX trading feature from the major currencies to the minor and exotic currency pairs. A broker comparison – forex comparison will reveal that even though this number is not as much as you may find on other broker platforms, it provides a good geographical spread for global currency trading. Exotic Assets: An Instaforex Forex Trading – Review 2018 of exotic asset listings. There are 13 choices for Crypto accounts which are ideal for PeerCoin traders, Namecoin, Litecoin, Bitcoin.


Apart from cryptocurrencies, ETFs are another asset class offered on Instaforex. A forex comparison will show that ETFs are not assets that are commonly listed on forex platforms. Examples of ETFs listed on Instaforex include IDEM.L (iShares MSCI Emerging Markets UCITS ETF), BOND and ACWI.

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  • You can trade several asset classes on Instaforex.
  • All assets can be traded individually or on a social basis (i.e. via copy trading).
  • Trading on Instaforex is leveraged. Therefore, positions that cost as much as $1000 to setup will only cost a trader on a leverage of 1:30.
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Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2.) Forex Trading Costs : Some very low spreads

The forex market exhibits significant momentum that can continue to power a trend all by itself. Rollover is a system where you can reinvest your profit returned into your account. However, it is advisable that the rollover feature should be used cautiously because an investor can lose his already accumulated profit due the volatile nature of forex investments. So, it is a wise investment decision for an investor to ignore the rollover option and rather increase his capital to shore up his average profit margin over time.

To initiate a rollover, just click the ‘rollover’ link on the right-hand side of your investment dashboard and confirm.

Max Lever
Trading size
£ 1
Minimum deposit
Market Model

MAKING A DEPOSIT: When you wish to make a deposit on Instaforex, then you are availed with several options:

  • Credit cards
  • InstaForex card (Payoneer)
  • Bank wire
  • Skrill
  • Cash U
  • Ukash
  • Neteller
  • Egopay
  • Filspay
  • Webmoney
  • China Union Pay
  • Liqpay
  • Eurogold cash and a host of other local transfer services in several countries.

Deposits are however conveniently made using your credit cards or skrill.

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  • The rollover feature enables the investor to maximize his investment
  • It is a wise investment decision to ignore the rollover option
  • Accumulated profit can be lost
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Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3.) Accounts: A selection of trading accounts with varied trading conditions

Choosing an online broker can be a daunting task especially when many online brokers today offer the same bells and whistles – frequent up to date forex economic news and all the fancy charts and technical indicators that you can look at. The problem is that you normally need to sign up for an account to determine if the broker is the right one for you.

This Instaforex Forex Trading – Review 2018 shows you why Instaforex forex platform is an excellent choice to be considered.

Low spreads – Besides your forex trading strategies, the most important factor determining your profits is the spread, and Instaforex offers some of the lowest spreads around, sometimes as low as 0.01 pips.

Low capital required – Instaforex only requires $1 for you to start trading on a micro account and $25 for a standard account. Although I suggest you start off with a minimum of $500, this flexibility is good for those unwillingly to part with too large an initial capital outlay.

High leverage – Although I discourage using leverage too recklessly, Instaforex offers leverage as high as 1:30. This flexibility is welcome although please be advised of the risks involved.

Islamic accounts – Instaforex does not practice swap trading which makes it suitable for Islamic traders.

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  • Leverage is up to 1:30
  • A demo account is offered for all accounts as well as STP, ECN, and Crypto
  • Spread from 0.01 pips
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Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4.) Forex Trading Platforms & Mobile Trading : Trade at Home or On the Go

Instaforex supports iPad Mobile App, iPhone / Android, WebTrader, and Windows Metatrader 4. It supports the MetaTrader 4 platform which allows you to use an automated forex trading system. You can download the popular MT4 or use it from any terminal by way of the WebTrader. Either way you can access all of the features of the platform including expert advisors for auto trading.

Broker owned Software

Instaforex gives the quickest execution speed compared to other similar products, and the two should work together for the customers so he can get quicker access to market news as well as identifying the patterns of the price movements.

Though there are many good online forex brokers out there, this Instaforex Forex Trading – Review 2018 shows that Instaforex is one of the best forex brokers and has all you need to support you on your online forex trading journey. Usage of the trading software on Instaforex comes at no cost apart from transfers between banks.

Trader Rating
  • Instaforex forex review shows that Instaforex is one of the best forex brokers
  • MT4 platform recognized
  • Auto signals, Forex robots, and one click trade execution are this platform great options
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Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5.) Usability of the Website: Clean, Visually Appealing Interface

One thing that stands out is how well arranged the Instaforex forex trading platform is. Our Instaforex Forex Trading review   shows that the website interface of the browser and mobile versions of the platform are devoid of clutter, feature text with legible fonts, and are arranged in a manner that is pleasing to the eye. Users can easily navigate their way around the site and obtain relevant information in a jiffy. The only issue is that the tab to click to search for top traders to copy (the Discover People tab) is hidden: you need to scroll down the Watchlist page to locate it at the bottom of the screen.

Configuring, registering and setting up your brokerage may seem like a lot of work, but once you start brokerage, you also need customers.

The navigation menu is simple and provides all the relevant information needed at a glance or at a click of a button. Users can access the privacy policy, legal terms of use, asset listings, the Instaforex forex trading blog, educational suite and trading portal from a very simple navigation is the group website.

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  • Clean design with white background for better user engagement.
  • Multilingual content is available.
  • Easy switch from demo to live account.
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Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6.) Customer Support: Quick and Responsive Support in Your Language

There is a need for channels of communication to exist between broker and client, and Instaforex has taken cognisance of this to provide several channels of communication. The broker is accessible in Arabic, Spanish, German, French, and Russian.

The broker supports AOL IM, ICQ, Skype, Yahoo Messenger, Viber, Twitter, Whatsapp, Telegram, Live Chat, E-mail, Phone

On the spot

Marketing your brokerage can easily turn into a bottomless pit that sucks up money but spits out just a few qualified prospects if you do not know what you are doing. There are some easy ways to market your brokerage, along with the best websites and places to do it.

These contact options include a live chat facility is available round the clock for one-on-one settlement of complaints and issues. This is multilingual.Email: There is an email addresses: for general inquiries ([email protected]), [email protected].,There is a phone number for users: Toll free in USA and Canada: 1-866-800-0719 but you can review the contact of your location through their website. But you have to know that it does not accept US traders..Both live chat and email provides the most responsive service.

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  • Multilingual customer support available.
  • Strong social media presence which can be used as customer communication channels.
  • Relatively fast replies to inquiries and complaints.
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Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7.) Methods of Payment: Choose the Options That Work for You

Withdrawals are quite as easy as deposits. Withdrawal is executed back to the deposit option that funded your account. This is to disallow the abuse of the system by fraudsters and money launderers. However, you can withdraw into your InstaForex card, bank wire and PayPal irrespective of the funding option you used in depositing money into your account. There are fees attached to some withdrawal services and the time for the completion of the withdrawal request varies from a few hours in the case of bank transfer to about a few days in the case of PayPal or bank transfer.

  • banktransfer
  • creditcard
  • neteller
  • skrill
Procedure for initiating Deposit Local Transfer
  • Click on the link ‘local transfer’ and make a deposit using either bank transfer. For ease, speed and convenience.
  • If you are using bank transfer, then you must have an account with them, and your account must be funded to cover the deposit amount and their charges. Click on the bank transfer link and follow the prompts to initiate and complete your deposit.
  • However, if you choose to make a deposit via bank transfer, then you click on ‘bank transfer’ link and then click again on the url link and follow the prompts that would appear when you click fund account.
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  • Withdrawals are quite as easy as deposits
  • There are fees attached to some withdrawal services
  • A valid email address is essential
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Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8.) Additional Offers : Learn with Instaforexpedia

Services such as forexcopy system are operated by InstaForex for traders who wish to copy the trades of other forex traders. You must sign up to the forexcopy system in other to participate as a copier or if you wish your trade to be copied. You can do this by clicking on the forexcopy link and accepting the terms and conditions stipulated for forex copiers or traders before you sign up.

Economic calendar
Courses or Seminars
Demo Account

Instawallet Transfers: Instawallet transfers are initiated by account holders where they are able to transfer funds from their wallet accounts into other members, accounts instantly. In other to use this service you must sign up to it and have your unique ID. There is a 24hr restriction limit of $2500, a weekly limit of $17500 and a monthly limit of $25000 on the instawallet transfer service. All enquiries about instawallet transfers are directed to [email protected]

Forex options: forex options is a trading system where you predict the direction of the market within a specified period of time. Traders who understand market fundamentals can leverage on this advantage on InstaForex and earn substantially. The time of prediction ranges from 1hr to several days or weeks depending on the choice of the forex options trader.

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  • Instawallet transfers are initiated by account holders
  • forex options is a trading system where you predict the direction of the market
  • Services such as forexcopy system are operated by InstaForex
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Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9.) Regulation & Deposit Protection: Regulated in multiple jurisdictions

Is Instaforex forex broker legit? The only way to answer this question is to check on the regulatory status of Instaforex in its areas of operation. Instaforex is a licensed FX and CFD provider in many countries around the world not only UK, Russia and USA.

The Russian investment company InstaTrade is included in Instaforex group. High quality services are delivered by the company since 2007. Instaforex has over 260 offices around the world hence providing access to stock markets RTS and MICEX. Firm attention is paid to safety of user information.

Regulatory Authority
Dep. Protection

Instaforex has the latest cyber-security systems that protect user data. InstaForex team is guided by three modest rulesthat is personalized approach, competence, and openness, to each client.

Since forex and stock investments are based on speculations by analysts and unpredictable fiscal and monetary policies by governments, financial institutions and companies, it is expected that market volatility would affect prices of quoted stocks which can adversely affect an unwise and poorly informed investing.

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  • BVI FSC (British Virgin Islands), FSP NZ (New Zealand), CYSEC (Cyprus),
  • FCA regulation ensures that traders on Instaforex UK are registered with the Financial Services Compensation Scheme (FSCS.
  • Trader capital is segregated with top banks, offering protection from unlikely event of broker bankruptcy.
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Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10.) Awards: Trade with an Award-Winning Company

For the years that Instaforex has been in business, it has seen it rake in multiple awards from diverse credible awarding organizations. Instaforexwon the Best Broker in Asia Pacific 2015 nomination according to Shanghai 2015.

The company also takes pride in awards received such as Best Broker in CIS, Best Retail Forex Broker, Best Broker in Eastern Europe, Best Retail FX Provider etc.

Instaforex ECN automatically matches and executes the requested orders, which are filled with the best available prices hence earning them awards for its speed. The additional benefits of ECNs, beyond existing online trading providers, is that their networks are accessible and often more efficient as regards “after-hours” transactions – a benefit particularly valued by global fx traders.

Awards given by credible bodies within the financial services industry lendproof of success, stability and, professionalism, of the broker. Awards are given for excellence and a review of Instaforex’s award chest is testament to its performance in the market since 2007.

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  • Instaforex has been in the industry for 13 years and still going strong.
  • The brand has won multiple awards spanning several award categories.
  • Instaforex is probably the first true social trading provider in the FX market.
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion: Why trade with Instaforex?

Instaforex is a reputable broker that offers trading conditions which meet your trading needs. Demo account is used to practice and refine your trading before you risk real money. A trader need to develop a trading strategy that suits your personality and perfect it through practice and also not to overuse leverage and not to risk too much of the capital on a single trade.

One major advantage of the Instaforex is that forex newbies are able to earn substantially from the professionalism of other traders and earn. Secondly, traders whose trades are being copied earn extra income from commissions they charge their followers or copiers in the forexcopy system.

Instaforex traders can invest in the EUR/USD currency pair, which is the value of the euro against the US dollar. While there are many potential currency pairs, most trading occurs in just six major pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD. 85% of the trades in the forex market involve these six pairs, and it is advisable for novice forex traders to stick to these rather than branching out into more exotic ones. Trading occurs around the world, with major trading centers in a number of key countries. Because of this, forex trading goes on 24 hours a day, 5 days a week. There is no central regulatory authority since Instaforex may be regulated but the market itself isn’t.  So who is the Best Forex broker? Read our reviews to find out?


  • Large Choice of Assets
  • Excellent lay out
  • Many features
  • Demo Account
  • Trading with Leverage


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    Risk warning: Capital can be lost. Terms and conditions apply.
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    Risk warning: Capital can be lost. Terms and conditions apply.

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