InstaForex
Chris Cammack December 3, 2019 01:36 PM
Note: Due to numerous complaints about the broker and its lack of regulatory oversight, we do NOT recommend InstaForex. If you are looking for a good broker, look at our HFM or Avatrade reviews instead. InstaForex offers four live instant execution accounts, all with a minimum deposit of 1 USD. Spreads are fixed at 3 pips (EUR/USD) on its commission-free accounts and 0 pips (EUR/USD) on its commission-based accounts in exchange for a commission of 30 USD (round turn) per lot traded. These trading costs are significantly higher than other brokers but don't vary with trade volume or market volatility. Both the MT4 and MT5 trading platforms are available, alongside two of InstaForex’s web-based platforms. It also offers numerous trading tools, including VPS hosting services, various copy trading applications, and several technical analysis tools. Other drawbacks are that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders. We also found that its withdrawal times are exceedingly slow, and many traders complain about how difficult it is to withdraw their funds.