InstaForex Review

ECN Forex Broker Review: InstaForex

INSTAFOREX REVIEW

InstaForex General Info

◘ Company Name: InstaForex is the Trading Name of InstaForex Group

◘ InstaForex Offices: InstaForex maintains headquarters in Russia and other offices in many Asian Countries

◘ InstaForex Regulation: InstaForex is regulated by RAFMM

◘ InstaForex Foundation: InstaForex was found in 2007

◘ Online since InstaForex has been online since 2008

◘ US Clients: InstaForex doesn't accept US Traders (NO)

◘ Islamic Accounts: InstaForex provides SWAP-Free (Islamic) Accounts (YES)

◘ InstaForex Execution Type: DD Broker

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InstaForex Trading Info

◘ InstaForex Server Time Zone: GMT+2

◘ InstaForex Spread: 3.0 pips (EUR/USD)

◘ InstaForex Leverage: InstaForex maximum leverage is 1,000:1

◘ InstaForex lot: Micro, Mini, Standard,

◘ InstaForex Scalping: (YES) it is allowed by InstaForex

◘ InstaForex Hedging: (YES) it is allowed by InstaForex

◘ Automated Trading: (YES) It is provided by InstaForex

◘ InstaForex Minimum Account: The minimum account at InstaForex is just 1 USD

◘ InstaForex Account Currencies: InstaForex provides accounts in Euro, US Dollar

◘ InstaForex Deposit Methods:

• Credit/Debit Cards, Bank Wire Transfer, Southeast Asia Bank Transfers, Skrill, Bitcoin, Neteller, and several others. Neteller, and several others.

InstaForex Currency Pairs

InstaForex offers one of the widest asset indexes in the whole Forex Market containing more than 120 assets in total (more than 100 Forex pairs).

InstaForex Platforms

◘ InstaForex Platforms: InstaForex offers MeaTrader4, MetaTrader5

◘ InstaForex Mobile Trading: InstaForex offers an app for Android and Blackberry

◘ InstaForex Web-Site Languages:

Many languages are supported, especially as concerns Asia:

■ English, Chinese, Russian, Arabic, Spanish, Japanese, Portuguese, Azerbaijani, Czech, Indonesian, Italian, Latvian, Lithuanian, German, Polish, Georgian, Slovak, Ukrainian, Malay, Urdu

InstaForex Pros and Cons

InstaForex Review -Final Conclusions

InstaForex is a Forex broker based in Russia and focused on Asian traders. Both InstaForex's website and its customer service are multilingual and target Asian countries. The customer service is operating 24/7 and may be reached via email, phone, Skype, and live chat. InstaForex according to its client base may be considered as one of the largest Forex brokers in the world. InstaForex claims that it holds more than 1 million trading accounts.

The greatest advantage of trading with this broker is the very wide asset index. Traders may find pairs that only a few brokers offer. In total, there are more than 120 trading assets including Forex, energy, and metals trading. As concerns regulation, InstaForex is regulated by the Russian RAFMM. The trading conditions offered by InstaForex may be considered fair in general. Traders may choose from a standard account (expensive spreads) or a zero-spread account called Eurica. As concerns standard accounts, the minimum deposit is just 1 USD while almost all popular fund methods are supported. InstaForex accepts credit/debit cards, bank wire, Webmoney, Moneybookers, CashU, Liberty Reserves, and PayPal. The maximum leverage available at InstaForex is 1,000:1.

As concerns trading promotions, InstaForex offers a welcome bonus to new traders but there is also a lot of trading contests (real and demo). In addition, new traders can take advantage of the no-deposit bonus offer to get familiar with InstaForex and its real trading conditions, before depositing any funds. For newly deposited accounts, the welcome bonus is 30%. Automated trading, hedging, and scalping are all allowed while InstaForex offers two trading platforms: Metatrader4 and Metatrader5. Mobile trading is available for Android and Blackberry devices only. Overall, InstaForex can be seen as a fair choice for Forex beginners. Most traders from Asia can enjoy customer service in their language.

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■ ECN Forex Broker Review: InstaForex

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