InstaForex boasts more than 2 million traders from around the world with close to 1, clients opening new trading accounts every day. Standard accounts work for all types of traders and allow a trade to be settled with classical spread and with no fees.
The main advantage of this type of account is its universality, as it allows traders to choose a deposit size that is convenient for them and afford them the opportunity to change the trading leverage.
Traders pay a spread for these accounts. This account type is recommended for novices as orders are executed right when the price reaches its value if the spread equals to 0. In addition, the Insta.
Eurica accounts allow the inexperienced trader to learn the market by using a simpler system of trading. This account type can be also used by professional traders, because its trade characteristics are the same as of Insta. Eurica trading accounts were developed for beginning traders because they require minimal possible trade volume. This type of account suits those who want to test trading strategies with minimal risks using the trade advantage of 0.
Eurica account holders have the same trading terms as Insta. The only difference is the amount of deposit required. I was pleased to see when doing this InstaForex review that there is a demo account available for traders who are still hesitant about their trading skills. Traders can open a fully functional demo account using the MetaTrader 4 platform which offers its services on currency instruments, 34 U.
An explanatory video is available but is not very easy to understand the instructions given the heavy accent of the speaker. Account holders can enter the InstaForex Client Cabinet where they can read about financial matters as well as news and events and security information. The daily updated section of market analysis is prepared by the professional analysts of InstaForex Company.
They also provide market signals that analyze and forecast price fluctuations. Each signal provides summary information, calculation formulas, and tips for practical use. The indicators are available to be downloaded and set up in MetaTrader 4 platform. InstaForex has its own forum for account holders as well as humorous articles and blogs and a currency calculator. Every customer of InstaForex Company can accept investments from other traders or invest funds in PAMM accounts and become a shareholder of this account.
And the ForexCopy system by InstaForex is an innovative service enabling traders to follow successful Forex traders and copy their trades online on a set ratio.
InstaForex is very big on bonuses and promotions. At the time of writing this InstaForex review, there were several bonuses being awarded to account holders. This offer is valid until 28 April A unique bonus offered by Instaforex is their Coupon Bonuses which are credited to client accounts for new customers brought in.
Continuing its tradition of offering classy upmarket cars to its customers, InstaForex was in the midst of another raffle of another premium class automobile —Porsche Cayman. The campaign began has been running since April 22, and will continue until October 19, InstaForex supports the aspiration of an active lifestyle and continues to sponsor both old and new sports teams such the InstaForex Loprais Team, the participant of the international Dakar Rally and the winner of the Silk Way Rally ; the WTA world 1 and two-time Grand Slam Champion, Victoria Azarenka and others.
InstaForex offers a host of different training videos and courses and well as Forex Trainer, a program which enables traders to test their trading strategies based on the technical analysis in the popular platforms MetaTrader 4 and MetaTrader 5. The Forex trading simulator enables users to watch quick replays of their trading and instantly receive information on whether their take profit or stop loss orders are activated. Alternatively, it allows them to see a slow motion replay of trading close to every candlestick in order to optimize parameters.
The payment system for depositing and withdrawal must be made using the same payment method. These transactions can be made via credit cards, bank wire, InstaForex debit card, Skrill, MoneyBookers, Neteller and a host of other online payment plans. There are fees attached to some of these payment options. Bitcoins can be deposited without any fee and are transacted within three hours. There are separate telephone numbers for the different departments which makes it easy to reach the person who can help without having to speak to more than one representative.
InstaForex is made a name for itself over the last eight years and continues to lead the pack in choices and features.
The website has so much information that I found myself finding new information each time I opened a page and this could be somewhat confusing for new traders.
Despite not having any regulation, the choice of accounts and various platforms make this broker a great pick for both beginners and experienced Forex traders. Report Broker Scams Forex Widgets. Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders. Top Online Forex Brokers. InstaForex Contact this company. Disadvantages Font is difficult to read Too much text No regulation Overabundance of material can be confusing. Sara Patterson Review Date: Enter your email address here:More...