Please remind that InstaForex Review is not an investment advice and does not force the user to register with the broker. Each content is purely encyclopedic and is based on recent estimations. Your capital may be at risk.
InstaForex: is it a trustworthy broker?
Nowadays, the financial services sphere is quite vast. There are a great number of various companies, each of them claiming to provide the best trading conditions. But how to distinguish truly advantageous offers? When it comes to choosing a reliable broker, a trader needs to pay attention to the following criteria:
- – Reputation
- – Regulation and funds safety
- – Trading conditions/platform
- – Education/market analysis
- – Deposit/withdrawal of funds
- – Customer supportBased on these criteria, let us analyse whether InstaForex is the broker of choice or it does not deserve traders’ trust.
According to the company’s website, InstaForex is an international brand that was founded in 2007. It has more than 7,000,000 clients from all over the world. Thirteen years of work and seven million clients – that is quite impressive. Here are some more numbers: over 30 international awards, more than 30 analysts, 200+ trading instruments, and 9 trading servers. So far so good. These numbers speak much for fine reputation. What is more, the website has a section InstaForex Stars, showing the brand ambassadors among whom there are such prominent sports stars as Ole Einar Bjørndalen, Viswanathan Anand, and Daria Kasatkina. InstaForex has also partnered with Czech Airlines and branded one of its Airbus A319 as the InstaForex Airplane. So, here is another point for a good reputation.
Regulation and funds safety
As already mentioned, InstaForex is an international brand, and EU clients are serviced exclusively by the brand’s member Instant Trading EU Ltd. To avoid confusion, let us refer to it as InstaForex EU. This company is incorporated in Cyprus and regulated by the CySEC, licence number 266/15. Therefore, opening an account with this broker, you can count on negative balance protection and best execution policy.
What is more, the broker is a participant of the Investor Compensation Fund, so eligible clients can get a compensation of up to 20,000 EUR in case of insolvency. From a regulatory point of view, InstaForex EU ticks all the boxes.
Instruments:CFD, Forex, Crypto, Stocks, Metals
Demo Account: Yes
Min. Deposit: $ 1
Min. Trade Amount: $ by the account type
MT4 App: Yes
Mobile Apps: Android, Apple, Microsoft
Automatic Trading: Yes, Copy Trading
Pre Orders: Yes
Islamic Accounts: Yes
Max. Leverage: 1:30 for Eurozone
Accepted Countries:Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries
Forbidden Countries:United States, Cuba
Available Assets: 110
Spread Average: 0.1 pips
Available Coins: BTC, ETH, BCH, XRP, LTC
Spread Average: 0,5 %
CFD, STOCKS AND COMMODITIES
Available Assets: 96+
Spread Average: 2 pt / 4 pips / 0,2%
InstaForex offers 5 types of trading accounts. Each account has its own free demo version on which you can trade using virtual cash.
Each of the proposed accounts is compatible with the work of electronic advisors and can be worked on with the leverage from 1 : 2 to 1 : 30 for Euro Citizens.
To sum up:
- over 200 trading instruments
- MT4 and WebIFX trading platforms
- 5 Account Types
- fixed spreads from 2pips or floating spreads from 0.8 pips or fees from 0.02%
- leverage up to1:30 (For Euro Zone)
- swap-free accounts on request
- Instant or Market execution
Methods of depositing / withdrawing funds on InstaForex
Several options for deposits are available at instaforex.eu:
- Bank Transfer
- Bank Card
- B2B In Pay
- Bitcoin Via Skrill
Deposits are easily and securely made using your bank cards or any of the above methods.
No deposit fees are charged which represents the standard across the brokerage sector. Withdrawal fees apply universally, with the range depending on the method deployed and the processing time is the nearest business day.
The inclusion of Bitcoin via Skrill as a payment option shows that this broker is keeping up with transformations in the remittance market and represents a genuine service.
Conclusions about InstaForex
With over 7,000,000 traders, InstaForex brand has established a leadership position in the financial services sphere. InstaForex has received numerous awards for its quality, security, innovative approach, and a wide selection of services and offers. This broker is fully compliant with the applied regulations and transparent about its services.
Answering the question in the title of this review, we would say that InstaForex is a trustworthy broker. The provision of high-level services and dedication to satisfy the best interests of clients has proved that InstaForex is truly a reliable broker.
That’s all. We hope to help you in your broker research. But if ForexMart Review is not enough you can take a look to the broker’s website instead, click here.