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Supports MT4 & MT5 trading platform
300+ trading instruments, including cryptos
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InstaForex review 2024

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

Updated: Jun 29, 2023
9 min read
InstaForex has been on the market since 2007 and is the preferred trading platform for over 7 million clients worldwide. With a user-friendly interface and helpful tools, it is a good choice for trading in the forex market.

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


Supports MT4 & MT5 trading platform
300+ trading instruments, including cryptos
Good number of educational resources


Can I open an account with InstaForex?

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.

Forex110 pairs
Metals 4
Find out all assets and products >

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 leverageMargin
View all leverage options >

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.

ProductAverage spreadFixed or variable?
Forex 3 pipsVariable
Metals80 pipsVariable
Stocks5 pipsVariable
Cryptocurrency200 pipsVariable
See different spreads >

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 methodDepositWithdraw
Debit/Credit cards
– min/max
– fees
– speed
24 hours
1.8% + 0.05 EUR
2-3 business days
Bank Transfer
2-3 business days
$5 minimum
4-5 business days
24 hours
1-2.99% conversion fee
24 hours
24 hours
24 hours
Bitcoin via Skrill
24 hours
24 hours
24 hours
24 hours
See different payment methods >

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 typeFee amountCommission
Forex3 pips
Metals80 pips
Stocks0.10%5 pips
Cryptocurrency200 pips
Inactivity Fee$10 per month for accounts that have been dormant more than 12 months
See all fees and commissions >

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.

ProductMinimum tradeMaximum trade
Forex0.01 lots10,000 lots
Metals0.01 lots10,000 lots
Stocks0.01 lots10,000 lots
Commodities0.01 lots10,000 lots
Cryptocurrency0.01 lots10,000 lots
View all trade limits >
Register with InstaForex

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.

Okay, I’m ready to sign up now

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.

Start using InstaForex

How to open an account with InstaForex

  1. 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”.
  2. Add in your username, email information, and confirm that you are over the age of 18.
  3. Once you receive your verification email, click through, complete the client questionnaire, and upload your identification documentation.
  4. After your ID has been verified, you’re ready to deposit funds and start trading!
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Who owns InstaForex?
How does InstaForex make money?
Do I have to pay tax on InstaForex profits?
Does InstaForex offer CFD trading?
How do I sell on InstaForex?
How do I delete my InstaForex account?
How can I short on InstaForex?
What if I forget my account password?
Can I transfer from my InstaForex account into my PayPal account?
What if InstaForex closes down while I have open trades?
Can I access my full trading history on InstaForex?
Can I pay in cryptocurrency with InstaForex?
Does InstaForex offer bonuses?

Sources & references
Risk disclaimer
Charlie Hancox
Financial Writer
Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.