INSTAFOREX Review
Founded in 2009, InstaForex is a Forex broker offering a very wide asset index containing 120 Forex pairs and CFD trading. They offer Fixed Spreads but also Variable spreads from 0 pips in EURECA Accounts (trading commissions charged). The minimum deposit in InstaForex is $1 for mini accounts and $1,000 for standard accounts. The platforms available are MT4 and MT5 but also three mobile traders. Automated trading and scalping are available at InstaForex while the maximum leverage is up to 10,000:1. The main advantage of InstaForex is its 120 offered Forex pairs which include many minors and many exotic pairs.
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◙ InstaForex Review
Here is InstaForex Review & Rating Summary
INSTAFOREX BASIC FACTS & NOTES |
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ECN FOREX BROKER |
INSTAFOREX.COM TRADING INFO |
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◘ InstaForex Asset Index |
■ InstaForex offers one of the widest Asset Forex Index in the market. They offer 120 Forex pairs plus CFD Trading | Great variety of Forex pairs including a lot of Minors and Exotic Currency Pairs |
◘ InstaForex Typical Spreads / Trading Commissions |
Fixed-Spreads: ■ EURUSD spread is 3 pip ■ GBPUSD spread is 3 pip ■ USDJPY spread is 3 pip |
Very expensive trading spreads compared to other Forex Brokers |
◘ InstaForex Maximum Leverage |
■ InstaForex offers Leverage up to 10,000:1 | Very high maximum leverage. It is recommended not to use leverage more than 100:1 (better 50:1). Higher leverage means higher risk but also higher trading costs. |
Lot Size |
■ The minimum lot size is 0.01 | |
◘ Automated Trading / Scalping |
■ Automated Trading is allowed by InstaForex, -YES- ■ Scalping is allowed by InstaForex, -YES- |
This broker offers a lot of trading options and automated trading is one of them |
◘ InstaForex Platforms |
■ InstaForex offers: MetaTrader4, MetaTrader5 | The popular MetaTrader platforms from MetaQuotes |
◘ InstaForex Typical Slippage (EURUSD) |
■ InstaForex Slippage is measured at about 2 pip |
High slippage in order execution compared to ECN / STP competition. |
◘ InstaForex Mobile Trading |
■ InstaForex offers a mobile app for iOs and Android |
Apps for Android and Blackberry but also a Web Mobile trader |
| The Company |
INSTAFOREX.COM COMPANY INFO |
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◘ InstaForex Foundation |
■ InstaForex was founded in 2007 | More than five years forex brokerage company. |
◘ InstaForex Headquarters |
■ InstaForex headquarters are in Russia | |
◘ InstaForex Regulation |
■ InstaForex is regulated by RAFMM (Russia) | |
| InstaForex Accounts |
INSTAFOREX.COM ACCOUNT INFO |
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◘ InstaForex Account Currencies |
EURO | USD | The two main currencies available when opening an account at InstaForex |
◘ InstaForex Deposit Money |
CARDS | BANK WIRE | INTERNET WALLETS | Good variety of Funding Options |
◘ InstaForex Withdraw Money |
CARDS | BANK WIRE | INTERNET WALLETS | The same methods available for withdrawals |
◘ US Residents |
■ No InstaForex forbids US Residents, -No- |
No US Traders |
◘ InstaForex Minimum Deposit |
■ Minimum Deposit at InstaForex is 1 USD |
The minimum amount for Standard Forex Accounts is 1,000 USD |
◘ InstaForex Promotions |
■ InstaForex offers Deposit Bonus up to 30% and up to 5,000 USD |
Good promotions from time to time by InstaForex |
◙ InstaForex.com Rating
Rating InstaForex using the Rating Brokers Formula v.4
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INSTAFOREX.com RATING ANALYSIS |
RATING |
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| 1.InstaForex Reliability Analysis | 47.9 |
| 2. InstaForex Competition Analysis | 44.6 |
| 3. InstaForex Trading Options | 100.0 |
| 4. InstaForex Technological Analysis | 72.5 |
| InstaForex Overall Rating | 65.46% |
◙ InstaForex.com Review
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