InstaForex Review 2021
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| Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading. | ||
InstaForex is a multiple award-winning broker that offers traders Currency pairs, CFDs on commodities, indices, stocks, cryptocurrencies, metals. InstaForex allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
InstaForex also gives traders access to 5 cryptocurrencies: BCH, BTC, ETH, LTC and XRP.
InstaForex is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
InstaForex Summary
Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Ratings
| Bonus | None |
|---|---|
| Instruments | Currency pairs, CFDs on commodities, indices, stocks, cryptocurrencies, metals |
| Demo Account | ✓ |
| Min. Deposit | €1 to €1000 (Account choice dependent) |
| Min. Trade | 0.01 Lots |
| Regulated By | CySec |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | iOS and Android + Browser based platform |
| Auto Trading | Via Copy Trading service |
| Trade Signals | ✓ |
| Social Trading | ✓ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 0 (€5 fee) |
| GBPUSD Spread | Av. Floating 0.8 |
| Oil Spread | €40 per lot |
| Stocks Spread | 0.1% Var (Average) |
Forex Trading
Offering a range of Accounts, including ECN, Instaforex can reduce average spreads to just 0.8 pips. The range of pairs offered is also among the largest of any broker.
| GBPUSD Spread | Av. Floating 0.8 |
|---|---|
| EURUSD Spread | Av. Floating 0.8 |
| EURGBP Spread | Av. Floating 0.8 |
| Assets | 200+ |
Payment Methods
InstaForex accepts the following payment methods:
- Skrill
- Sofort
- Yandex Money
- Mastercard
- Perfect Money
- BPAY
- Credit Card
- WeChat Pay
Awards
InstaForex is a multiple award-winning broker, with 2 awards received so far.
- The Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards
- Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards
FAQ
Is InstaForex Safe?
Yes, most likely, as we gave InstaForex a trust score of 70% in our review. The main negative factor in this score is that InstaForex is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does InstaForex Accept PayPal?
No, InstaForex does not accept PayPal payments.
Is InstaForex Halal?
Yes, InstaForex does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does InstaForex support?
InstaForex only supports the MetaTrader 4 trading platform at this time.
Is InstaForex Regulated?
Yes, InstaForex is regulated by CySec.
The fact that InstaForex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
InstaForex vs Other Brokers
If you want to compare InstaForex with other brokers, use the detailed comparisons below.
InstaForex vs |
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| Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading. | ||