Last update: 19 October 2020
16 min read

InstaForex Review

$1 Min. Deposit
100% Up to $2,000 Bonus
Open account
Regulatory Body
FSC (Financial Services Commission)
Trading platforms
MetaTrader 4, InstaBinary, WebIFX
Customer support
Request callback, Live Chat, Email, WhatsApp, Skype, Twitter
Languages support
Num of instruments

InstaForex Review

This InstaForex broker review will explore the product and services of a highly reputable broker which has a long history of providing quality service to a loyal customer base. Following a strict review process, we can confidently name InstaForex as a trusted broker.

InstaForex is fully regulated, has a long list of assets available for trading, and supports cryptocurrency trading, which is still a relatively rare offering. It also features a ForexCopy system and offers binary options, along with deposit bonuses and contests.

With its history of winning awards and prominent sponsorship deals and partnerships, InstaForex has established itself as one of a handful of outstanding brokers with a big name to back itself up.


  • ProOffers access to forex, CFDs, indices, metals, binary options, and cryptocurrencies
  • ProForexCopy system supports copy trading
  • Pro$1 minimum deposit
  • ProA diverse variety of trading instruments


  • ConNo direct phone support, only a callback option

Company informationCompany information

InstaForex began operations in 2007 and since then, it has served more than 7,000,000 clients. The company gives you access to trade more than 230 trading instruments and supports more than 30 languages. The company is based in Russia and regulated in the British Virgin Islands.

InstaForex has been honored with more than 30 financial awards from around the world. Some highlights include “Best Forex Cryptocurrency Trading Platform” from the UK Forex Awards, “Best ECN Broker Asia” from IBM, and “Forex Broker of the Year for Eastern Europe” from Le Fonti Awards.

Other honors for InstaForex include “Development and Success Award” at the Financial Olympus 2016-2017, “Best ForexCopy Trading Platform” from ShowFx World, “Forex Broker of the Year for Innovation Europe 2017” from Le Fonti Awards, and “Best ECN Broker” from European CEO.

Our InstaForex forex broker team applauds the broker for their ongoing performance, as in 2016 they also did very well. They won “Best Social Trading Broker” from the UK Forex Awards, “Best ECN Broker in Asia” from the International Finance Awards, “Best ECN Broker” from the European CEO Awards, and “Best Forex Broker in Asia” from the IAR awards.

InstaForex regulation and licensingInstaForex regulation and licensing

InstaForex works under the umbrella of Instant Trading Ltd., which is licensed and authorized by the FSC (Financial Services Commission). This licensing is part of the Securities and Investment Business Act (SIBA) in the British Virgin Islands.

The SIBA regulations ensure that InstaForex and all other companies regulated by the act and commission meet common global standards in the financial industry. As such, InstaForex always complies with the common standards that the International Organization of Securities Commissions (IOSCO) and International Monetary Fund (IMF) have outlined.

Additionally, although InstaForex is not regulated by other entities in additional countries, the FSC is part of the Memorandum of Understanding, with the regulators from 31 European countries. This memorandum was accepted in 2013 and relates to joint assistance and common regulations regarding investment funds. In other words, the FSC requires the same standards as all other major regulatory bodies. This review of the InstaForex forex broker finds that this is more than adequate regulation to keep you feeling well-protected.

Opening an account with InstaForexOpening an account with InstaForex

Opening a trading account with InstaForex is incredibly straightforward and you can complete this process in just minutes. Document verification can take up to 72 business hours, however.

What is the minimum deposit at InstaForex?

The minimum deposit at InstaForex is just $1, making it the best forex broker for those with minimal funds to invest. Keep in mind that if you fund via wire transfer, the minimum deposit increases to $300.

How to open an account at InstaForex

To open an account with InstaForex online broker, just follow these simple steps. The entire process is online, although you will need to submit documentation as well to prove your identity and address.

Step 1. Select “Instant Account Opening” at the top of the website.

Step 2. Fill out the information, including your full name, email address, phone number, and country.

Step 3. Select “Open an Account”

Step 4. Fill out the additional information in the form.

Step 5. Submit your documentation to verify your account by going to “Client Cabinet” then “Account Settings” and “Verify Account.”

Step 6. Enjoy trading with InstaForex.

To assist you with the account creation process, our InstaForex review team created a complete list of things you will need to provide this broker which you can find below.

  • Personal information – You will need to provide your full name, phone number, and email address. During verification, you will also need to provide your address.
  • Regulatory information – The required regulatory information is the same as your personal information.
  • Documentation – To verify your account, you must submit any identifying document, although InstaForex prefers a driver’s license or passport. You may also have to submit proof of address in the form of a utility bill or ID that contains your full name and address.

Account types

Regardless of your trading requirements, you’ll find an account type that is suited to you. InstaForex keeps things simple with their selection of account types, offering Insta.Standard and Insta.Eurica accounts.

Insta.Standard accounts support micro forex trades with minimum deposits of $1 to $10, mini forex trades with minimum deposits of $100, and standard forex trades with minimum deposits of $1,000.

Most Insta.Eurica accounts feature zero spreads but trades will be subject to commission fees instead. InstaForex recommends this account for beginners due to the ability to ignore the intricacies of pending orders.

If you are new to trading and want to trade smaller volumes you can also open Cent.Standard and Cent.Eurica accounts. Both of these offer micro forex with 0.0001 lot volumes.

Islamic accounts

InstaForex offers both Islamic and swap-free accounts. It is completely free to open an Islamic account, as this is a consideration related to religious freedom. These accounts are tailored specifically to meet the requirements of Sharia law.

Demo accounts

Our InstaForex forex broker review suggests that you begin with a demo account. This is a free account from InstaForex and it lets you practice trading strategies to minimize the high risk and potential to lose money associated with trading forex. The free demo trading account is fully functional and provides access to MetaTrader 4, allowing you to practice trades with currency instruments, U.S. stock CFDs, gold, silver, and future CFDs, among other assets.

InstaForex trading costsInstaForex trading costs

Trading Fees*
Type of Fee Cost
Minimum Order Size (lots per trade)0.0001 for Cent, Otherwise 1
Average Spread USDEUR (pips)3 (Insta.Standard), 0 (Insta.Eurica)
Commission (%)0 (Standard), 0.03-0.07% (Eurica)
Commission on Islamic Accounts (%)None

Non-Trading Fees
Type of Fee Yes or No
Inactivity FeesYes
Deposit FeesNo
Withdrawal FeesYes

*Based on Standard account type.

Trading fees

The trading fees for InstaForex are around average. Insta.Standard accounts have fees on the higher side of average while Insta.Eurica accounts have highly competitive fees. The fees are clearly outlined, with Eurica accounts charging 0.03 to 0.07 percent per trade.

Financing/Overnight rates

The rates for financing and overnight positions on InstaForex are around average vary depending on which instrument is involved in the ongoing trade.

Deposit fees

InstaForex does not charge any deposit fees. Some platforms and payment methods may charge you fees, which InstaForex passes on to the client.

Withdrawal fees

Personal accounts on InstaForex pay a system fee of 1.5 percent plus $0.30 for withdrawals. For business accounts, this increases to 2.5 percent plus $0.30.

Non-trading fees

InstaForex charges inactivity fees of $10 per month. The broker only charges this inactivity fee if the account is not used for 12 months. The inactivity fee is on the lower side of average and the length of inactivity required (12 months) is on the high side of average, both of which are positives in this InstaForex broker review.

InstaForex payment methodsInstaForex payment methods

As an account holder at InstaForex, you have a good choice of payment methods available for both deposits and withdrawals. InstaForex does not charge any deposit fees, but your bank may.


Deposits via bank card, including Visa and MasterCard, take up to 24 hours. Bank wire transfers take up to two to four days to process. Instant deposits are also available via Neteller, Bitcoin and Litecoin, Solidtrustpay, PayCo, and OnlineNaira and other wallets. Local transfers are available with processing times of one to two business days. China Union Pay is also supported and can take up to seven business hours.

As is expected from any forex site, InstaForex requires the withdrawal method to be the same as the deposit method, for withdrawals up to the amount of the initial deposit.

InstaForex trading bonusesInstaForex trading bonuses

At any given moment, InstaForex tends to have some sort of trading or deposit bonus available. At the time of writing, the broker offers a floating bonus of as much as 55 percent for deposits. There is a welcome bonus and the ability to get a higher bonus if you join InstaForex Club. Terms and conditions apply to these offers and you will need to meet certain requirements before funds from bonus offers can be withdrawn freely.

Additionally, InstaForex often hosts contests and various campaigns, including those which are open to clients. These are a fantastic opportunity for traders of all skill levels to compete against other traders and test trading strategies in predetermined environments. The prizes vary and certain conditions may apply to meet the requirements of a contest.

There is also an affiliate program from InstaForex, which rewards individuals for helping the broker acquire new accounts.

InstaForex trading platformsInstaForex trading platforms

Our review of the InstaForex forex broker appreciates that the broker offers MetaTrader 4, as this is the industry standard for trading forex. MetaTrader 4 includes built-in technical indicators, online quotes, analytics, technical analysis tools, support for automated trading, nine timeframes, the use of 10 interactive charts simultaneously, one-click trading, and a forex feed. MetaTrader 4 is available online, as a download for desktop, or as a mobile application for any device.

Meta Trader 5 is also available, which comes with a built-in economic calendar, technical indicators, graphic charts, and a 64-bit processor architecture. While there are not as many instruments available on MT5, certain traders prefer the features and functionality this platform provides.

InstaForex also supports PAMM support for both investors and traders. This provides additional control for experienced traders.

InstaBinary is the InstaForex platform for trading binary instruments in regions where this asset is offered. It features 6-digit quotes, clear charts, and web solutions. This platform is online, without any downloads required.

InstaForex also offers WebIFX, which lets you trade futures, CFDs, and forex in the browser. This platform is web-based and comes equipped with all the features you would expect from a downloadable trading platform. It includes your choice of three work interfaces, balance charts to help with trade analysis, market news, market analysis, and full access to all trading instruments.

What is the execution policy at InstaForex?

InstaForex follows an ECN policy of execution and has clear documentation on its execution policy, as is expected from any regulated forex broker.

To ensure all transactions are executed quickly, InstaForex has its proprietary system with nine full-fledged trading servers. They all share traffic and work with additional intermediary data centers, including 25 servers around the world.

There are nine data centers in the United States, which provide access for the entire world, including the Russian Federation and North America. The Singapore server has 10 data centers and is primarily used by clients from South Asia and the Middle East. There are also two trading servers in Europe with multiple data centers.

InstaForex markets and products

InstaForex Markets and Products
Instrument Number
Currency Pairs110

Currency pairs

This InstaForex review 2020 points out that the broker offers an impressive selection of currency pairs. Few brokers offer as many currency pairs, making InstaForex a strong choice for those who want access to majors, minors, and exotics.


Most of the assets available on InstaForex other than forex are in the form of CFDs or contracts for difference, including indices. Markets include the Dow Jones, NASDAQ, FTSE 100, and the DAX 30.


Trading cryptocurrencies via InstaForex is simple and done in the form of CFDs. This allows for leverage and means that clients do not need to own the underlying asset. Some of the cryptocurrencies offered by InstaForex include Bitcoin, Litecoin, and Ethereum.


All the stocks from InstaForex are available as CFDs, allowing clients to use leverage and to profit whether the market goes up or down. You’ll find a healthy variety of reputable companies to select from, including Walt Disney, DowDuPont, and Facebook among others.


Much of the commodity trading on InstaForex is in the form of future CFDs, offering high liquidity, round-the-clock trading, stability, and reliability. The commodities on offer at InstaForex include energies, metals, agriculture, and goods.

Social trading

If you are interested in social trading or copy trading, you will appreciate InstaForex’s ForexCopy service. This is a service that lets you copy trades made by successful traders. You can use it to trade forex, cryptocurrencies, and stocks. This system is particularly helpful for beginners.

Those with experience and success in trading can also take advantage of the ForexCopy program. Our InstaForex 2020 review recommends this as a good option for experienced traders who want to boost their income via commissions. There is no limit to the number of followers you can have, so this means unlimited revenue via commissions.

Mobile compatibilityMobile compatibility

You can review InstaForex’s website with ease on your mobile device, as the pages are optimized for mobile functionality. It is also possible to access various web traders on the trading site from InstaForex, including MT4 and WebIFX from your mobile device.

In this InstaForex forex broker review, we suggest that if you want to trade while on the go, then you should consider downloading MetaTrader 4 for your smartphone or tablet. This will give you access to the most popular and arguably the best forex trading platform, no matter where you go. It will also connect seamlessly with the other MetaTrader 4 platforms you use for trading with InstaForex.

Research tools

Most reviews of InstaForex forex broker will likely praise the broker for all of the research tools and analysis it has made available. InstaForex offers analysis and research tools for all experience levels of traders, from beginners to advanced traders.

There is a dedicated section of the website for Forex Analysis and Reviews, where you can find information from experts at InstaForex. You will find long- and short-term reviews of specific assets as well as the market overall.

InstaForex also provides video analysis with a “Trade of the Day” clip. There is a separate “Photo News” that similarly looks at top lists like a blog, which provides extensive and useful information. Topics include top Russian dividend stocks and most competitive megacities.

Our InstaForex review team is unsurprised to see an economic calendar on the broker’s website, as this is a standard offering with the majority of brokers nowadays. There is also a trader calculator.

Actual Patterns is a service from the broker that helps you spot opportunities by demonstrating the various patterns in the markets. This section includes the charts marked with the patterns and a quick explanation of the pattern in question. Pattern Graphix is similar but is an InstaForex plug-in for MT4. Superior Forex Desk is a tool for order management that works with MT4.

InstaForex TV is a great resource for all traders, especially those who prefer accessing information via videos. It includes calendars, reviews, forex news, financial market reviews, cultural and financial geography, video analytics, and events.

Education and trainingEducation and training

As with research and analytical tools, our InstaForex broker review has identified that the broker offers you many educational tools, suitable for all skill levels.

The video tutorials are particularly helpful for beginners, including detailed lessons that are designed to show how to use the platform, how to open an account, and more. There are also beginner-oriented videos to learn general forex trading skills, starting with the basics.

One of the best educational features is the Forex Learning Course that is specifically designed for beginners. It is free for clients who deposit a minimum of $100 and covers everything beginners need to know. It includes a total of 16 lectures covering everything from the basics to trend analysis, mathematical analysis, trading systems, trading psychology, and risk management.

You can also find other educational information, such as a forex glossary, an introduction to trend lines and how to use them.

InstaForex customer supportInstaForex customer support

InstaForex has two separate FAQ sections, which our InstaForex review 2020 panel feels can be mildly confusing but also allows for additional information to be easily available. Both FAQ sections are well-organized for convenience.

Customer service is easy to contact, as you can request a callback, talk via live chat, or send an email. If you prefer, there is also a contact form that sends a message via email. Technical support is available 24/7 via email, Skype, WhatsApp, Viber, Telegram, Twitter, and phone.

InstaForex — Our verdictInstaForex — Our verdict

After careful analysis in our review of the InstaForex forex broker, our team is happy to recommend this reputable broker to any trader. InstaForex offers an impressive selection of instruments for trading with an especially robust list of forex pairs. You will appreciate the presence of MetaTrader 4 due to its familiarity and intuitive use, while its alternative platforms may provide unique advantages for certain trading strategies.

Past third-party InstaForex forex broker reviews have been overwhelmingly positive, with the broker winning dozens of awards over the years to show additional confidence. Factoring in regulation by the FSC and client fund protection, InstaForex is a solid choice for trading forex and other assets.

Sign up for an InstaForex demo account or a live account today to start taking advantage of the broker’s excellent offerings.


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4 comments on “InstaForex Review”

  1. Iftekhar says:
    Country & city: bangladesh
    Rating: .
    To get any type of bonus they will ask you to verify your account but no matter how much documents you will provide they will not verify your account so its totally a scam offering people a lot bonus but actually nothing at all !
    • IFX Yvonne says:
      Dear Iftekhar, May I get your trading account number, please?
  2. Jack says:
    Country & city: Tokyo, Japan
    I would not open an account with this broker because they could pass one of my first and very important questions I asking when doing due diligence of a broker I might be interested in. Namely, they don't use segregated accounts. This is like saying here, you can hold my money along with everyone else in one suitcase, and if you need to make a quick escape or cover huge leveraged losses, fee free to use my capital:) Great marketing, and no less than 6 people have been bombarding my mailbox with emails even after I have requested, then demanded that they remove me from their mailing list. Stay away!
  3. Raja says:
    Country & city: pakistan
    Rating: .....
    this is a best broker, if anyone want to earn money in pakistan i will guide him on daily basis, ask me which pair will go for profit, 100% will tell u. anytime