The online broker InstaForex has offered trading services since 2007. At Instaforex, traders from more than fifty different countries are registered. A large portion of traders are from Europe and Asia. InstaForex is available in more than 20 languages. Every day there are over 300 new traders at Instaforex.
Instaforex has won several awards, including the World Finance Award 2009 and 2010 as “the Best Forex Broker in Asia”.
Instaforex offers both a free, unlimited demo account and a very low minimum deposit for a real account: only 1 U.S. dollar. This is great for Forex novices that don’t want to risk a lot of money when they start trading.
As a registered user of InstaForex you get access to top information and quality programs from well known companies such as MetaQuotes Software (developers of the most famous trading platform – MetaTrader 4), Dow Jones Newswires (news of the Forex and the fund markets) and Reuters, e-signal and other information intermediaries.
You can trade using the free and easy trading software Metatrader (Instatrader). Trading directly in the web browser is not possible at Instaforex. However, this is not a big disadvantage since most traders prefer the greater functionality of trading software over a Webtrader program.
InstaForex Bonus Offers and Promotions
InstaForex offers a large number of altering promotions and bonus offers. New customers currently receive up to a $ 1000 bonus if they deposit $ 300 or more. Monthly prizes exceed ten thousand U.S. dollars. Currently, you can win a new car – a Lotus Elise – when you’re trading actively.
The promotion “Lucky Trader” rewards loyal Instaforex traders that only trade with demo account. Every two weeks $ 3,000 are distributed among the participants. This is a unique promotion at InstaForex, because most brokers offer such actions only for customers who trade with real money.
As a new customer at InstaForex you can choose between a 30% bonus and a fixed bonus of 30, 110, 200, 1000 or 5000 U.S. dollars.
InstaForex Deposit Options
Bank Transfer, MasterCard and Visa credit cards, WebMoney, Moneybookers, Liberty Reserve and other online payment services.
InstaForex Trading Figures
Maximum Leverage: 1,000: 1
Minimum Margin: 0.1%
Spread: 3 pips on EUR/US- $ *
Available currency pairs: 108
Commodities: Yes (including gold, silver and oil futures, wheat, cotton, soybean oil, sugar, coffee, oats, maize, etc. indices: No
Stocks: Yes, e.g. Microsoft
* As a professional trader with assets of over $ 100,000 you can apply for a VIP account, which reduces the spread to only one Pip
InstaForex offers its own MasterCard: Thanks to the InstaForex MasterCard, you can simply withdraw forex winnings, for example at ATM’s or at all stores where you can pay with credit card. This simple method of payment, without making the detour via a bank account, is appreciated by many successful traders.
InstaForex also offers extensive training materials to make your start into the Forex world as easy as possible. You should also make use of the Instaforex demo account to start trading without risks.
At InstaForex you find a forum with thousands of users and articles about online FX trading. So you can easily share with other like-minded people. It is worthwhile to take a closer look at the Instaforex forum (Instaforex-форум).
InstaForex also offers an account without spreads. You pay a small commission instead. If you’re familiar with buying shares you should be aware of this already.
Early in 2012, InstaForex launchend a great innovation for traders: ForexCopy. Similar to the Copytrader from eToro, traders can easily copy other successful traders. For people not having enough time to make in-depth analysis, this is a really great tool. You just search for successful traders, follow them and ForexCopy will copy all their trades.
For successful traders, ForexCopy is a way to make more money without additional risks. Traders who copy another trader have to pay him a small fee. This can be:
- a daily commission
- a commission per every trade copied with ForexCopy
- a profit share that is pad by the followers
So both experienced, successful traders and average traders profit greatly from ForexCopy. This tool is another great reason for signing up at InstaForex now.
InstaForex Review Conclusion
InstaForex is an excellent choice for Forex beginners, because they can use an unlimited demo account. InstaForex has more detailed information about online trading (including training videos) and a community that exchanges in a forum. They will therefore feel right at home at InstaForex!
|+ Unlimited demo account||– Trading in browser not possible|
|+ Great bonus offers and promotions|
|+ Over 100 currency pairs|
Let’s take a look at the experiences other people made while trading with Instaforex:
I’m trading with Instaforex for 3 months now. So far I have had no problems with withdraws. The support is very friendly and replies quickly.
Best Forex broker. I’m trading with them for 2 years and had not a single problem.
The support is very good. Their 30 % bonus will be credited instantly. Withdrawals with Visa card work perfectly.
At the moment I’m using Instaforex to trade with scalping but I have some issues. The server looks too busy when I trade fast.
I like the option to trade without spreads at Instaforex. The support is fast and honest. That’s why I can only recommend Instaforex.
I’ve been trading with Instaforex for some time now. Their support is ok and always online. Withdraws are processed in a short period of time. There are plenty of deposit and withdrawal options. The 30 % bonus sounds good but you have to trade a lot to profit from it. This bonus is not a gift, that’s for sure. Not the best broker in my opinion but far away from a scam.
I don’t like the fact that their support is only rarely online.
After making my deposit the money was not credited instantly. I told their support to get my money back. Luckily they credited the deposit back to my bank account.
This broker is very nice. I had some problems at the beginning that were solved quickly and they also refunded my account after losses due to the software problems.
I’m using Instaforex for over a year now and did not have any issues so far. My Moneybookers deposits are available within a few minutes. And withdraws are also processed quickly. I did not have to use the support so far that’s why I can’t really judge it. The promotions at Instaforex are nice but I barely use them and focus on my trading profits. Overall a great Forex broker that can be recommended. It’s not the best broker but a good one for sure.