InstaForex forex broker review and detailed information
How does InstaForex compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.
Basic information
| Website | Visit InstaForex |
| Type | MM |
| Regulated by | BVI |
| Country | Russia |
| Established in | 2007 |
| Live chat | yes |
Trading terms
| Commission (pips) | 0.00 |
| Fixed spread | yes |
| Variable spread | no |
| Spread on majors (pips) | 3.0-3.0 |
| Leverage | 500:1 |
| Minimum deposit (USD) | 1 |
| Minimum trade size (USD) | 1000 |
Available features
| Number of currency pairs | 107 |
| Precious metals | yes |
| Oil | no |
| Hedging | yes |
| Trailing stop | yes |
| Free automated trading | yes |
| MetaTrader 4 | yes |
| Mobile trading | no |
Forex account
| Demo account | yes |
| Interest on unused balance | yes |
| Islamic swap-free accounts | yes |
| Segregated accounts | yes |
| Accepts U.S. citizens | yes |
| Payment by Bank wire | yes |
| Payment by Credit card | yes |
| Payment by PayPal | yes |
| Payment by check | no |
| Other payment options | Alertpay, Ecumoney, Liberty Reserve, Moneybookers, Pecunix, Perfect Money, WebMoney |
| Account in USD | yes |
| Account in Euro | yes |
| Account in GBP | no |
| Account in CHF | no |
| Account in JPY | no |
| Account in AUD | no |
| Account in CAD | no |
| Account in NZD | no |
| Account in CZK | no |
| Account in DKK | no |
| Account in HKD | no |
| Account in ILS | no |
| Account in NOK | no |
| Account in PLN | no |
| Account in RMB | no |
| Account in RUR | no |
| Account in SEK | no |
| Account in SGD | no |
| Account in ZAR | no |
Languages
| Arabic | yes |
| Chinese | yes |
| Czech | no |
| Dutch | no |
| English | yes |
| French | yes |
| German | yes |
| Greek | no |
| Hebrew | no |
| Indonesian | yes |
| Italian | no |
| Japanese | no |
| Korean | no |
| Malaysian | yes |
| Polish | no |
| Portuguese | yes |
| Russian | yes |
| Spanish | no |
| Turkish | no |
InstaForex customer reviews
Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.
Michael
2009-05-13
They got me bonus 1000 USD for new account and I am happy with them since few months.
Dipankar
2009-08-02
I saw ones forum site they are written instaforex.com is scam. BVI regulated register instaforex but BVI are not strong. So I am confused to trade with instaforex, kindly post some your openion...........of instaforex.com
Grisha
2009-08-03
Hi Dipankar, I've been trading with instaforex since last November and I don't think they are a scam. The withdrawal method is reliable, at least with paypal. I don't feel they are trading against their clients, at least not against their small clients like me. After 9 months, my EA is still profitable. I don't trust BVI, but I don't trust any other financial regulator either. There have been financial scams everywhere, in the US, in Europe. I think the best method is to have two or three forex brokers and trade small with each of them. No one will steal from a small guy. We aren't interesting enough. This works for me.
elochukwu
2010-01-02
The money I deposited, in insta on 28th of dec. 2009 is not found in my trading account. I 've called them for this problem , but they don't want to do any thing about it. i ve spent so much calling them
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