On the energy market, the broker charges a standard commission of USD 30 per full contract, with no spread. We will analyze the commissions on stock and cryptocurrency markets in separate sections of this review. For the residents of Muslim countries, the broker offers an opportunity to trade without swaps. You can find out the details from the broker’s customer support. I have been trading for a while with Instaforex and very happy with them, MT4 platform and execution is outstanding. The majority of the time I use an EA for my trading, their MT4 platform is one of the best performing and most reliable that I have ever used.
Instaforex is a trusted broker
The customer service department of InstaForex is diverse enough to offer an extensive array of contact options. You may cater for a direct call to talk with an expert customer service advisor by clicking on the “request call-back” button on the top menu bar. Social trading or copy trading facility facilitates two different aspects- one is the newbie traders can follow the trading strategy set by the market experts. And another is you can set up an area as a market manager, and thus others can borrow your trading style by paying the charge.
Step 1: Register as a trader
You can get a free VPS through other CFD brokers including IC Markets. On both demo and real accounts, you may trade over 300+ instruments using any browser and the operating system powered by Windows, Mac, or Linux. There is no software to download or install to have immediate access to international marketplaces using the MT5 web platform. The modern and intuitive MetaTrader 5 Mobile App is optimised for Android and iOS and allows you to trade on the move.
How do I contact InstaForex customer support?
InstaForex provides adequate financial and technical security for its customers, using a level of protection equivalent to banking processes. This includes the use of two-factor authentication, anti-phishing technologies. InstaForex offers trading round the clock except for weekends and rare public holidays. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
InstaForex Best Countries by Traders
InstaTick Trader is a web browser platform for trading binary options. The set of functions is provided by TradingView, as is the choice of instruments for marking charts, technical indicators and display options. https://traderoom.info/ Also, Webtrader platform displays the current trend with up and down arrows. The name Trend is not quite accurate, because the up arrow is shown if the current quotation is 1 tick higher than the previous one.
The broker does not set a minimum commission per trade, which is an advantage of the commission system. The final amount depends on the spread and 0.1$ commission on the traded volume. Instaforex commissions on Forex market are high both for major currency pairs and for cross rates. For example, the spread for EURUSD is 3 pips, which is much higher than that of competitors we are using for the purposes of our review.
Furthermore, there is the wide-reaching EU regulation providing a more versatile range of options for traders that aren’t always in one place. Negative balance protection is also provided and hedging is supported. However, the higher minimum deposit makes this account type, not for the fair-weather trader. The company covers all deposit fees, for any amount, on all account types in all currencies. InstaForex customers can also trade on their mobile devices on the MobileTrader app, available on Google Play and iOS App Store.
There is also an InstaForex mobile option for online trading, which is certainly something many of today’s modern traders will be looking for. InstaForex also offers an option for those who enjoy watching and copying other traders with ForexCopy. We would like to point out the wide choice of methods for depositing funds to trading accounts Instaforex.com offers to customers from Russia.
You can choose from multiple order/execution types and keep up to date with the latest market news. The platform also supports automated trading through the use of expert advisors (EAs). You can even create your own automated trading system or custom indicator in the MetaQuotes programming language (MQL) by using the built-in MetaEditor. There are a huge variety of custom indicators and EAs available to download online, including from the MQL online community. The broker has established partnerships with technology companies to provide innovative and effective trading solutions and applications to traders.
- This will give you the needed insight that will help you trade real money later on.
- Additionally, depending on the trading platforms or the medium of the trading operation, you can download the desktop or mobile trading version of the broker.
- If you’d prefer to try InstaForex out for size before investing real money there is the option of opening a demo account.
- The minimum deposit to open an account is just $1 but they also have free demo accounts if you just want to get a feel for trading without making a commitment.
- InstaForex offers traders an enormous amount of deposit and withdrawals options and the fees and transfer times vary from method to method.
- Within this service, the Trader’s Desk where viewers determine the covered content.
InstaForex offers crypto analytics and other types of information that can be useful for those who decide to trade cryptocurrencies. The list of instruments includes major reputable companies such as Apple, Walt Disney, and Facebook, to name a few. One of the biggest advantages of trading with InstaForex is that it offers a large number of currency pairs that you can trade. Those include popular pairs like EUR/USD, GBP/USD, USD/CAD as well as a number of exotic pairs like USD/DKK, USD/NOK, USD/ZAR, and many more. The minimum deal size starts from 0.01 pips, while the minimum pip price can begin from $0.01. There is also the opportunity to swap, with both Swap Long and Swap Short available for certain account holders.
They have a wide selection of over 300+ trading instruments across multiple markets for you to trade with minimal hassle. You can choose from a good variety of flexible account conditions and generous range of funding methods. Strict regulation helps to give clients peace of mind whilst the support team is very prompt and efficient. If you want to get started, signup takes just a few minutes and the minimum deposit is only $1. There is even a free demo account if you want to try them out without making a financial commitment. All in all, I think they can be a great choice for those of you want to primarily trade forex.
The broker accepts clients from across the world, excluding the USA and some third-world countries due to strict regulations. If your country is not https://traderoom.info/is-instaforex-truly-a-brokerage-firm-we-can-rely/ accepted, you can always take a look at our broker ratings for another option. It goes against our guidelines to offer incentives for reviews.
