InstaForex: 6 reasons to trust this broker

Nowadays, the financial services sphere is quite vast. There is a great number of companies, each of them claiming to provide the best trading conditions. But how do you distinguish the real beneficial ones?

When it comes to choosing a reliable broker, a trader needs to pay attention to the following criteria:

Reputation
Regulation and funds safety
Trading conditions/platform
Education/market analysis
Deposit/withdrawal of funds
Customer support

Based on these criteria, let us analyse whether InstaForex is the broker of choice or it does not deserve traders’ trust.

Reputation

According to the company’s website, InstaForex is an international brand founded in 2007.

It has more than 7,000,000 clients from all over the world.

Thirteen years of work and seven million clients - that is quite impressive. Here are some more numbers: over 30 international awards, more than 30 analysts, 200+ trading instruments, and 9 trading servers. All of that speaks much for the fine reputation.

What is more, the website has InstaForex Stars section showing such brand ambassadors as sports stars Ole Einar Bjørndalen, Viswanathan Anand, and Daria Kasatkina.

InstaForex has also partnered with Czech Airlines and branded one of its Airbus A319 as the InstaForex Airplane. Sounds exciting, doesn’t it?

Regulation and funds safety

As already mentioned, InstaForex is an international brand, and EU clients are serviced exclusively by the brand’s member Instant Trading EU Ltd. To avoid confusion, let us refer to it as InstaForex EU. This company is Incorporated in Cyprus and regulated by the CySEC, licence number 266/15. Therefore, opening an account with this broker, you can count on the best execution policy and negative balance protection. Shall we add that the broker is a participant of the Investor Compensation Fund, so eligible clients can get a compensation of up to 20,000 EUR in case of insolvency. From a regulatory point of view, InstaForex EU ticks all the boxes.

Trading conditions/platform

InstaForex EU offers tried-and-true MetaTrader 4 platform that is widely used by traders all over the world. The platform gained popularity thanks to its extensive function kit and user-friendly interface. Both desktop and mobile versions are available. Importantly, it allows the use of expert advisors and any custom indicators can be applied.

The list of trading instruments includes the following assets:
  • 110 currency pairs
  • 7 stock indices CFDs
  • 5 commodities futures
  • 89 CFDs on shares listed on the world's leading exchanges
  • 5 cryptocurrency CFDs

The contract specifications are published on the website in a form of tables that include comprehensive information about each asset.

Traders should be aware that 1 lot at InstaForex equals 10,000 currency units but not 100,000 units as usual.

All assets can be traded individually or on a social basis through the ForexCopy system. There are two roles in this system: Traders who provide their deals for copying and Followers who subscribe to Traders to copy their deals. Importantly, ForexCopy can be beneficial for both: Followers can enter the market easily and spend less time for trading while Traders can boost their profits by receiving commissions for copying.

As for the costs and charges, it depends on the account type. InstaForex EU offers five account types:

To make these account types easy to compare, the broker published a table on its website:

Features Account type
Insta.Standard Insta.Eurica ECN ECN Pro Scalping
Deposit currency EUR, USD, GBP EUR, USD, GBP EUR, USD EUR, USD EUR, USD
Minimum deposit no limit no limit 100 EUR 1000 EUR 100 EUR
Maximum deposit no limit no limit no limit no limit no limit
Spreads * Fixed 2-7 0* Av. Floating 1.2 Av. Floating 0.8 Av. Floating 1.2
Fee 0 0.02%-0.07% 0 0 0
Minimal trade 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 lots
Maximal trade * 10000 lots 10000 lots 10000 lots 10000 lots 10000 lots
Margin for locks * 25% 25% 25% 25% 25%
Margin Call * 100% 100% 100% 100% 100%
Stop Out * 50% 50% 50% 50% 50%
Order execution Instant Execution Instant Execution Market Execution* Market Execution* Market Execution*

*more details, terms & conditions are on the broker's webpage

You can see that traders can choose the preferable payment option for the broker’s services: fixed spreads, floating spreads or commissions are charged. The size of spreads and commissions is average compared to other brokers, but given the scale and reputation of the broker, these charges are competitive. What is also important, the minimum deposit is not limited on Insta.Standard and Insta.Eurica accounts which is a beneficial condition for those who make their first steps on Forex.

InstaForex EU offers leverage up to 1:30 for retail clients, because it adheres to the limitations imposed by ESMA. Importantly, clients can request a swap-free account, and no swaps will be charged.

InstaForex EU facilitates either Market or Instant execution, depending on the account type.

To sum up:

  • Over 200 trading instruments
  • MT4 and WebIFX trading platforms
  • 5 account types
  • Fixed spreads from 2 pips or floating spreads from 0.8 pips or fees from 0.02%
  • Leverage up to 1:30
  • Swap-free accounts on request
  • Instant or Market execution
Education/analytics

Well-timed financial news and market analysis are crucial when it comes to making trading decisions. Admittedly, InstaForex EU pays great attention to this aspect. It has a team of over 30 currency strategists who provide comprehensive market analysis daily. Besides, forex news along with the economic calendar are published regularly.

The broker’s website has a unique section, InstaForex TV, that deals with forex news, market reviews, forex calendars, and video analytics. Such a diverse array of analytical tools can provide real help to both beginners and experienced traders.

What else is there for beginners? Those who are making their first steps on Forex can refer to the Getting started section of the website https://www.instaforex.eu/getting_started where all the necessary info is presented in a nutshell. InstaForex EU also provides video tutorials, a training course, and even audio books. Beginning traders may find it useful to challenge their trading skills on a demo account without risking real money. Demo accounts are free and with no restrictions.

Deposit/withdrawal of funds
Several options for deposits are available at instaforex.eu:
  • Bank Card
  • Bank transfer
  • Skrill
  • Neteller
  • B2B in Pay
  • Bitcoin via Skrill
  • Sofort
Deposits are easily and securely made using your bank cards or any of the above methods.
No deposit fees are charged which represents the standard across the brokerage sector. Withdrawal fees apply universally, with the range depending on the method deployed and the processing time is the nearest business day. The inclusion of Bitcoin via Skrill as a payment option shows that this broker is keeping up with transformations in the remittance market and represents a genuine service.
Customer support

It is necessary and fundamental that there are communication channels between a broker and its client. InstaForex has taken note of it to provide flawless communication channels.

The website instaforex.eu is available in English, Italian, Bulgarian, Spanish, German, French, Czech, Portuguese, Slovenian, Dutch, Polish and Russian.

The customer support can be accessed through Skype, Viber, Whatsapp, Telegram, Facebook messenger. Besides, clients can ask their questions by email, phone, or a live chat.

Strong social media presence that can be used as communication channels with customers which is also the key point for InstaForex support team.

An outstanding choice established for traders to interact with this broker displays that the customer service is extremely important.

Conclusion

With over 7,000,000 traders, InstaForex brand has established a leadership position in the financial services sphere. InstaForex has received numerous awards for its quality, security, innovative approach, and a wide selection of services and offers. This broker is fully compliant with the applied regulations and transparent about its services. We would say that the provision of high-level services and dedication to satisfy the best interests of clients has proved that InstaForex is a trustworthy broker.

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