InstaForex review 2025
Investing options: 3.4
Platforms & usability: 3.9
Products, markets, & assets: 4.1
Safety & reliability: 4.1
Deposits & withdrawals: 3.6
Research & analysis tools: 3.7
Fees & costs: 3.8
Education & learning resources: 3.2
InstaForex review Summary
Charlie Hancox
Financial Writer
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InstaForex offers MetaTrader 4 and 5 integration, multiple trading tools, and over 300 assets to trade with leverage, at low costs. Find out everything you need to know before using InstaForex in this review, including the platform’s security, fees, and its many unique features.
What can I do with InstaForex?
InstaForex is a Cyprus-based Forex broker that has been active since 2007. It provides three trading platforms, including the widely used MetaTrader 4 and WebTrader, and comes equipped with trading tools for both beginner and professional traders, such as the ForexCopy system that enables you to copy the trades of reliably profitable professional traders.
There are also multiple account types to choose from, with all differing in their minimum deposit, spreads, and market analysis tools.
Pros & Cons
Pros:
Cons:
Can I open an account with InstaForex?
Yes, residents of Japan can open an account with InstaForex.
No, residents of Japan cannot open an account with InstaForex. Consider trying our best-rated broker in , . Find the best broker in
InstaForex markets, assets, and options
What assets and products can you trade on InstaForex?
InstaForex mainly focuses on the Forex market and provides over 300 assets to trade, covering a wide range of markets, from Forex and commodities to cryptocurrencies, stocks, indices, energies, and precious metals.
Apart from the minor, major, and exotic currency pairs, there are other instruments like gold and silver, as well as CFDs on indices (S&P 500, Dow Jones Industrial Average), Bitcoin, and other instruments.
Product | Offering |
---|---|
Forex | 110 pairs |
Stocks | 89 |
Indices | 15 |
Commodities | 53 |
Metals | 4 |
Cryptocurrency | 5 |
What leverage trading options are there?
Trading with InstaForex allows you to operate with either fixed or floating leverage. Keep in mind that trading with leverage requires deep knowledge and understanding of the trading and often results in a loss for inexperienced users.
InstaForex leverage is determined by various measures and firstly set according to the regulatory requirements in the region, which means EU customers have access to maximum leverage of 1:30.
Product (CFDs) | Maximum leverage | Margin |
---|---|---|
Forex | 1:30 | 3% |
Stocks | 1:20 | 5% |
Commodities | 1:20 | 5% |
Metals | 1:20 | 5% |
Crypto | 1:2 | 50% |
What are the spreads?
InstaForex charges fixed and variable spreads, and commissions depending on the type of account you open. The InstaStandard account option offers fixed spreads and no fees for FX symbols, while the InstaEurica account comes with fixed commissions and no spreads for FX symbols.
ECN accounts benefit from floating spreads without fees for FX symbols, while ECN Pro accounts provide low floating spreads for FX symbols. The average spread for regular traders on forex majors is fixed at 3 pips.
Product | Average spread | Fixed or variable? |
---|---|---|
Forex | 3 pips | Variable |
Commodities | Variable | Variable |
Metals | 80 pips | Variable |
Stocks | 5 pips | Variable |
Cryptocurrency | 200 pips | Variable |
Fees, limits, and payment options on InstaForex
What are the deposit and withdrawal fees, limits, and speeds?
InstaForex offers a variety of convenient deposit and withdrawal methods, including some popular ones like PayCo, Bitcoin via Skrill, SoFort, and B2BinPay. At the moment, PayPal is not listed as a payment method.
All deposits are commission-free while fees for withdrawing depend on the third-party payment provider. Withdrawals incur a fee ranging from a minimum of 1% for Bitcoin and Skrill withdrawals, 1 EUR for Neteller, and 1.8% +0.05 EUR for credit cards.
Payment method | Deposit | Withdraw |
---|---|---|
Debit/Credit cards – min/max – fees – speed | Yes $1/N/A Free 24 hours | Yes N/A 1.8% + 0.05 EUR 2-3 business days |
Bank Transfer -min/max -fees -speed | Yes N/A Free 2-3 business days | Yes N/A $5 minimum 4-5 business days |
Skrill -min/max -fees -speed | Yes $1/N/A Free 24 hours | Yes N/A 1-2.99% conversion fee 24 hours |
Sofort -min/max -fees -speed | Yes $1/N/A Free 24 hours | Yes N/A $5 24 hours |
Bitcoin via Skrill -min/max -fees -speed | Yes $1/N/A Free 24 hours | Yes N/A 1% 24 hours |
Neteller -min/max -fees -speed | Yes $1/N/A Free 24 hours | Yes N/A 1.45% 24 hours |
How much are InstaForex’s fees and commissions?
Fees are variable, depending on the type of asset you want to trade, its volume, and the type of account you open. The InstaStandard account allows trading with no fees, just variable spreads. For InstaEurica accounts, fees vary from 0.03% to 0.07% per lot traded.
Fee type | Fee amount | Commission |
---|---|---|
Forex | – | 3 pips |
Metals | – | 80 pips |
Stocks | 0.10% | 5 pips |
Commodities | $30 | – |
Cryptocurrency | – | 200 pips |
Inactivity Fee | $10 per month for accounts that have been dormant more than 12 months |
InstaForex trade sizes and limits
The minimum trade is always 0.01 lots, while the maximum trade you’re allowed to put on is 10,000 lots.
Product | Minimum trade | Maximum trade |
---|---|---|
Forex | 0.01 lots | 10,000 lots |
Metals | 0.01 lots | 10,000 lots |
Stocks | 0.01 lots | 10,000 lots |
Commodities | 0.01 lots | 10,000 lots |
Cryptocurrency | 0.01 lots | 10,000 lots |
InstaForex trading platform
What devices can I use InstaForex on?
InstaForex’s Web Trader, MetaTrader 4, 5, and InstaTick Trader platforms are available in the browser, for download onto your desktop, and as an app for your Android or Apple device.
- Web browser
- Desktop
- Tablet
- iOS Mobile Device
- Android Mobile Device
Can I use InstaForex in my country?
InstaForex is currently available in over 80 countries and welcomes traders from Australia, the United Kingdom, Germany, and France. Select your country from the list below to see if it is available where you are.
Is InstaForex available in my language?
InstaForex offers support in over 20 different languages, including English, German, Spanish, and Portuguese. Select your language from the list below.
How easy is it to use InstaForex?
InstaForex offers complete integration with the MetaTrader 4 ,5, and WebTrader platforms, which are some of the most popular trading platforms available worldwide. The trading dashboard of these are a little bit dated, but familiar and easy to navigate nonetheless.
The mobile version dashboards are the same ported versions from the web/desktop iterations, but they are simple and offer one-click trading for added convenience when you are out and about. The amount of available tools can be a bit overwhelming if you are new to trading, but thankfully you have the option of customising your trading dashboard and removing any windows or charts you find unnecessary.
Key features
InstaForex provides traders with plenty of choices and options, here are a few of the broker’s top features.
Multi-Order Trading
This feature allows a trader to open multiple orders simultaneously, two trade execution modes, and multiple order types, such as trailing stops.
PAMM Forex System
InstaForex’s PAMM system gives you the opportunity to invest in other experienced forex traders and earn a percentage of the profits from their winning trades. With the help of PAMM forex Monitoring, you can choose PAMM forex accounts that you find the most attractive and invest in them after you have opened a live trading account yourself.
InstaForex TV
InstaForex takes trading education a step further by offering their own online channel, complete with the latest actionable market news, analytical videos, interviews with market insiders, and more.
Security and regulation
Is InstaForex safe?
InstaForex is considered a safe trading platform as it provides negative balance protection and all transactions are encrypted to keep trader funds as safe as possible.
Am I and my funds protected?
InstaForex holds client funds in segregated accounts at Tier-1 European banks. Additionally, it is a member of the Investor Compensation Fund (ICF), a scheme that serves to protect eligible retail clients by paying compensation in the event that the company fails to reimburse funds due to financial issues.
Clients are entitled to total compensation of up to 20,000 EUR.
Is InstaForex regulated?
Yes, InstaForex is registered as a Cyprus Investment Firm (CIF) and is regulated by the Cyprus Securities and Exchange Commission (CySEC) license no. 266/15. The broker is also registered with the following recognised regulatory bodies:
- FMA (Austria)
- Financial Supervision Commission (Bulgaria)
- HANFA (Croatia)
- Czech National Bank (CNB)
- FSA (Denmark)
- FI (Estonia)
- REGAFI (France)
- BaFin (Germany)
- Central Bank of Ireland (Ireland)
- MNB (Hungary)
Do I have to verify my account with InstaForex?
Yes, InstaForex follows a KYC (Know Your Customer) policy that requires all clients to submit personal information, including the full, legal name as it appears on your ID, address, and other identification elements. All information provided is confidential and protected under the European Union’s Data Protection protocol.
Extra information
Educational resources
InstaForex offers traders numerous educational resources, including its own online channel – InstaForex TV, a series of trading webinars, explanatory videos, how-to articles, and a full FAQ section for beginners which will answer most of your questions about opening an account and starting to trade.
Tools and charting
Apart from the multiple trading platforms available, InstaForex puts at clients’ disposal a series of tools and charts, designed to make your trading more streamlined and efficient, including automated trading, free trade indicators and trading advisors, as well as in-chart trading.
Customer support
InstaForex offers quality customer support, by enabling you to contact a representative via live chat, by sending an email to [email protected], or by phone, Monday-Friday. You can even contact the support team via Whatsapp, Viber, Telegram, Facebook Messenger, and even Skype.
In addition, InstaForex has over 260 representative offices worldwide, at which you can make trading account deposits.
Our verdict
InstaForex is an established, regulated broker with over 7 million clients around the world in more than 80 countries. It offers over 300 instruments to trade, including forex pairs, stocks, indices, and cryptocurrencies, while offering access to more than 4 separate trading platforms.
InstaForex offers a series of account options for different types of traders, including a free demo account for beginners and also keeps a transparent fee/spread policy with all info displayed on their website.
With some truly unique features, such as the PAMM System which enables you to invest in successful trader accounts and keep a percentage of their winning trades and quality client support with quick reply times as per online reviews, InstaForex largely lives up to its reputation as one of the safest and most reliable forex and CFD brokers currently on the market.
How to open an account with InstaForex
- You can open an account with InstaForex by going to the main webpage and selecting the “Login” tab at the top. Then click on “Register”.
- Add in your username, email information, and confirm that you are over the age of 18.
- Once you receive your verification email, click through, complete the client questionnaire, and upload your identification documentation.
- After your ID has been verified, you’re ready to deposit funds and start trading!
Who owns InstaForex?
InstaForex is owned and operated by INSTANT TRADING EU LTD. Which is a licensed and registered financial firm based in Cyprus.
How does InstaForex make money?
InstaForex makes money from fees, spreads, and commissions for placing trades via its platform.rnrnThe broker also charges a $10 per month inactivity fee for accounts dormant for more than 12 months.
Do I have to pay tax on InstaForex profits?
Depending on your country of residence, you may be required to pay taxes on any InstaForex profits you make after a certain amount. We suggest checking with your local legislation to see the limits and the exact regulation.
Does InstaForex offer CFD trading?
Yes, InstaForex is primarily a forex and CFD broker.
How do I sell on InstaForex?
There are various methods you can use to sell on InstaForex, including:rn
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- The Market Watch window on the left-hand side of the platform
- The “Tools’ tab on the top menu of the platform
- F9 button on your keyboard
- One-click trading BUY/ SELL button within charts (agree to the Terms and Conditions of the One-Click trading).
- Choose the asset you want to sell and the quantity and click on the “Sell” button.
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How do I delete my InstaForex account?
You can contact the InstaForex customer support team via the live chat box on their website, through any of the following apps (Whatsapp, Telegram, Skype, Facebook Messenger), or by sending an email at [email protected] asking for the termination of your account and you will receive some steps to follow in order to wind down your account.
How can I short on InstaForex?
Since InstaForex only offers CFDs, shorting is as simple as going to the Market Watch tab in your trading dashboard and clicking “Sell at Market”.
What if I forget my account password?
Go to Login and click on the button on the right, “Forgot your password”. Enter the email address you used to register to InstaForex, and a new password will be sent to that address.
Can I transfer from my InstaForex account into my PayPal account?
No, PayPal is not listed as a payment method with InstaForex but there are other popular e-wallets available.
What if InstaForex closes down while I have open trades?
If InstaForex shuts down unexpectedly, any order will remain pending until you can log into your account again and complete it. rnrnIn the event that InstaForex ceases operations altogether, it is a registered member of the Cyprus Securities and Exchange Commission’s Investor Compensation Fund (ICF), which insures client’s deposits up to €20,000 or 90% of a covered investor’s claim, whichever is lower.
Can I access my full trading history on InstaForex?
To view your MT4 trade history, log into MT4 and go to the “terminal window”. Choose the “Account history” tab at the bottom, then right-click within to choose custom dates and even save the data to your computer.
Can I pay in cryptocurrency with InstaForex?
Yes, you have the option of paying in Bitcoin via Skrill when making a deposit with InstaForex.
Does InstaForex offer bonuses?
Yes, InstaForex currently offers trading bonuses up to 55% for every replenishment of your trading account.
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Sources & references
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Charlie Hancox
Financial Writer
- Commodities
- Cryptocurrency
- Stocks
- Entertainment
- Film