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InstaForex Broker Review

FX Scouts By Jeffrey Cammack Updated: February 14, 2020
Overall Rating
3.62 / 5
Min. DepositUSD 10
Max. Leverage30:1
Min. Spread0.0 pips
RegulatorsCySEC,B.V.I FSC
Regulator Origin CySEC B.V.I FSC
Broker TypeECN

Summary

InstaForex is an award-winning broker offering good trading conditions with both market and instant execution across five different account types. With three market execution accounts, one of which is specifically built for scalping, two instant execution accounts with no minimum deposit, and a copy-trading service, InstaForex will appeal to a wide range of traders.

The market analysis and education sections feature regularly updated content for traders of all experience levels and MT4 is fully supported via download and webtrader.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 10
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs110
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD
GBP / USD
USD / JPY

Company Details

Company nameInstaForex Group
Founded2007
Website Visit Website
TypeECN
RegulatorsCySEC,B.V.I FSC
Office locations Bangladesh, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldovia, Nigeria, Pakistan, Peru, Tunisia, Ukraine

Deposit & Withdrawal Methods

Supported Platforms for InstaForex

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.62 / 5 3.78 / 5 4.49 / 5
Minimum DepositUSD 10USD 200USD 5
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Broker TypeECNMarket MakerECN/STP
Trading InstrumentsCommodities, Forex, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs1104751
Crypto Pairs2164
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 3 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 3 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 3.5 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4.5 / 5
% Lose with this broker 62.8% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:1500:1
Spread0.0 pips2.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • Cent.Eurica (Mini)
  • Cent.Standard (Mini)
  • Insta.Eurica (Mini)
  • Insta.Standard (Mini)
  • Islamic
  • Professional (Standard)
  • Standard (Standard)
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
Swap Free Yes Yes Yes
Trading Platforms MT4 etoro MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 6 USD / lot - Zero Account
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Overall Rating 3.62 / 5 3.78 / 5 4.49 / 5
Minimum DepositUSD 10USD 200USD 5
Regulation
CySEC CySEC
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Broker TypeECNMarket MakerECN/STP
Trading InstrumentsCommodities, Forex, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs1104751
Crypto Pairs2164
Read Full Review Read Full Review
Trust Rating 4 / 5 5 / 5 5 / 5
Trading Conditions 3 / 5 3 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 3 / 5 4.5 / 5
Education & Research 3 / 5 3 / 5 4.5 / 5
Assets Available 3.5 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4.5 / 5
% Lose with this broker 62.8% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:1500:1
Spread0.0 pips2.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes No Yes
Account Types
  • Cent.Eurica (Mini)
  • Cent.Standard (Mini)
  • Insta.Eurica (Mini)
  • Insta.Standard (Mini)
  • Islamic
  • Professional (Standard)
  • Standard (Standard)
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
Swap Free Yes Yes Yes
Trading Platforms MT4 etoro MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay, Broker to Broker Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 6 USD / lot - Zero Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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