30% Forex Deposit bonus
Min Deposit: $1


  • Wide selection of deposit and withdrawal options
  • Provides comprehensive education
  • Beginner-friendly
  • Highly educated
  • Choice of platforms and accounts
  • No overnight swaps or commissions
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Broker InstaForex
Website URL
Founded 2007
Trading Platform MT4 | MT5 | WebTrader
Minimum 1st Deposit $1
Minimum Account Size $0
Bonus 30% Forex Deposit bonus
Leverage 1:30 | 1:1000
Spread Fixed Spread From 3 Pips
Free Demo Account Open Demo
Regulated Yes
Regulation CySEC, BVI FSC, FSC
Account Types Standard , Eurica
Trading Currency EUR, USD
Account Currency EUR, USD
US Traders Allowed No
Overall Score 3


  • Wide selection of deposit and withdrawal options
  • Provides comprehensive education
  • Beginner-friendly
  • Highly educated
  • Choice of platforms and accounts
  • No overnight swaps or commissions


  • Spreads are high

Our Review

  1. What is InstaForex?
  2. InstaForex Pros and Cons
  3. Is Instaforex Safe or a scam?
  4. Is InstaForex Regulated?
  5. Leverage
  6. Awards
  7. How to Open An InstaForex Account
  8. Types Of Accounts
  9. Spreads and Commissions
  10. Deposits and Withdrawals
  11. Trading Instruments
  12. Research
  13. Education
  14. Customer Support
  15. Conclusion

InstaForex Review

InstaForex is a renowned broker that offers traders global access to different financial trading markets including indices, interest rates, bonds, metals, stocks & shares, Forex, commodities, and options. This trading platform is owned by Insta Trading EU Ltd, widely known for connecting traders to international markets across different asset classes through high touch expertise, end to end execution and clearance, and institutional-grade platforms.

Read this comprehensive review to learn more about InstaForex, one of the fastest-growing online brokers!


What is InstaForex?

Established in 2007, InstaForex is a leading broker based in the USA that offers trading services and is currently listed on the New York Stock Exchange (NYSE). As one of the best trading platforms, InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).

It serves more than 260 representative offices across the world and has a qualified team with many years of experience in the sphere of partner and client support.

InstaForex is one of the top brokers that allow trading in CFDs and Bitcoin via social media platforms like Twitter and Facebook. Furthermore, InstaForex offers the best trading conditions and great technical solutions.

InstaForex has an international presence in global social events and sponsorships. It also partners with sports brands such as Dragon Racing, Liverpool Football Club, and a few others.

InstaForex Pros and Cons


  • Wide selection of deposit and withdrawal options
  • Provides comprehensive education
  • Beginner-friendly
  • Highly educated
  • Choice of platforms and accounts
  • No overnight swaps or commissions


  • Spreads are high

Is InstaForex Safe or A Scam?

InstaForex is regulated by several reputable jurisdictions. This doesn’t just guarantee that the broker completely adheres to rules to warrant international protection. As a result, traders can rest assured that their funds will always be protected.

InstaForex is authorised and regulated by CySEC via the parent company, Insta Trading EU Limited, carrying the license and authorisation.

Moreover, InstaForex is registered by the FSC, which allows it to provide services to traders located abroad.

Complying with these strict regulations and rules, InstaForex stores funds in segregated accounts to avoid misuse. The company is also a member of a compensation scheme that protects traders by paying a certain amount to qualified members in case InstaForex becomes insolvent.

Is InstaForex Regulated?

When it comes to handling platforms or making money, licenses, security, and regulation are extremely important. And the risk is higher with trading platforms because you don’t want to take the risk of losing your money and those behind such a scheme might never face the law because you don’t even know them. Traders have lost billions through Internet fraud and due diligence is crucial.

That said, InstaForex is fully regulated by two reputed authorities including CySEC in Cyprus and FCA in the UK.

InstaForex doesn’t take chances when it comes to security. All funds are kept in segregated accounts before being distributed to various custodian banks across the globe. High-end encryption is often used to protect user data and capital. And the online trading platform complies with the guidelines set forth by GAIN Capital Holdings Inc.


If you decide to trade with InstaForex, you get a chance to choose between fixed leverage or floating leverage ranging from 1:1 to 1:1000. Such a leverage level can quickly raise your gains, because of the ability to double the original account value several times. Keep in mind that the right leverage can be utilized for different products because unfortunately, it can also increase your potential losses. If you choose InstaForex, you’ll find it easier to invest and grow your portfolio.

There are several factors that determine InstaForex leverage, one of them is the regional regulatory requirement standard:

  • Therefore, you can trade with the large leverage ratios such as 1:1000, 1:500, or just 1:400. If you want, you can also open an account through one of their global companies supporting such huge leverage levels.
  • If you reside in Europe or like trading with the brokers European business. If that’s the case, you’ll adhere to ESMA legislation that reduces leverage to 1:25 and 1:30 on Spot Metals and Forex products respectively.


InstaForex has over the years won several awards. Here are some of the latest awards.

  • Most Active broker in Asia in 2022
  • Best Forex broker in Eastern Europe in 2019
  • Best Forex cryptocurrency trading platform in 2018
  • Broker of the year for innovation in 2017

How To Open An InstaForex Account?

The registration process on InstaForex is very simple. All you just have to do is visit their official website and click on “Sign Up”. You can then choose the type of account that perfectly suits your financial trading needs and then proceed to open an account. Enter your details such as your real name, physical address, and trading experience. You’ll then be asked to finish the registration procedure through identity and address verification.

Documents you’ll need for proof of physical address include:

  • Utility bills like landline phone bills, water, gas, or electricity
  • Credit card statement
  • Bank statement

Make sure the document fully displays your real name and the address matches the information you had provided during account registration. This document shouldn’t be over 6 months old and make sure the picture you’ve uploaded shows the complete document.

Types Of Accounts

InstaForex offers its clients five different types of accounts in two main categories, these include:

  • Eurica trading account
  • Standard trading account

Standard Trading Account

A standard trading account is a favorite for many because there are no fees that are involved. Once you open a standard trading account, you’ll have access to all instruments offered by InstaForex. Moreover, you’ll only be required to pay a fixed spread whenever you set a trade.

It’s a type of account that specifically caters to users with different experience levels, from newbies to seasoned traders.

One of the primary benefits of the standard trading account is its versatility, which allows you to easily change the floating leverage and choose one that best suits your trading needs.

With an Insta.Standard Account, you can trade:

  • Standard Forex with a deposit of at least $1000
  • Mini Forex with a deposit of at least $100
  • Micro Forex with a deposit of at least $1 to $10.

Eurica Trading Account

If you choose to open this type of account, then you won’t be required to pay a spread whenever you choose to trade. This is because most of the trading instruments in this type of account have a zero spread mainly since the Ask Price is equivalent to the Bid Price.

In scenarios where the Bid Price is less than the Asking Price by about half the spread, then it will be rounded up to the integral value.

This type of account is ideal for beginners or any trader who is just getting started. New traders don’t have to consider the spread every time they want to set up a trade.

While this type of account is perfect for newbies looking for a simpler trading system, it also features a wide range of characteristics that might be important for seasoned traders.

Spreads and Commissions

The average spreads and minimum commissions are pretty competitive. For instance, the spread for the EUR/USD trading pair is 0.65 pips on average.

InstaForex sets its parameters according to the MetaTrader 4 platform that offers 1:200 leverage alongside using the US Dollar as the base currency and the USA2 Server.

Most of the profits that the company makes is from spreads, which is one of the main aspects of this InstaForex review. For instance, the standard account has an average spread from 2.0 pips to 7.0 pips, while other types of accounts have a spread of 1.2 pips. A 0.1% commission is charged on cryptocurrency and stock CFDs.

Although the commission structure seems great, besides the Eurica Account, the spreads in other accounts aren’t as competitive. Less commission is charged depending on the level of risk in the type of account you’ve chosen to open. The company charges about -1.15 for all short positions in USD and EUR and 0.3 spreads on long positions.

Trading Platforms

InstaForex employs 3rd party trade services through MetaTrader 4 (MT4). The trading platform can be accessed via desktop, web, and mobile app. It’s highly customizable, with a wide range of order types, but it’s also user-friendly and suitable for both experts traders and beginners.

MetaTrader 4 (MT4)

MT4 is one of the leading financial trading platforms. It comes with many impressive features including:

  • Automated trading
  • Positions that can be locked
  • Access to EAs and free indicators
  • Ability to use MQL4 to create EAs and indicators
  • Market news about financials
  • Wide range of tools to be used alongside technical analysis


This is an in-house trading platform that’s only available to InstaForex traders. If you choose to use this amazing platform, you can easily trade via the web browser without having to download any extra applications.

Its features include:

  • 3 interface layouts including charts, dashboard, and classic
  • An array of orders and access to the tick charts
  • All trading instruments
  • Ideal for all types of InstaForex accounts

InstaTick Trader

Another incredible innovation by InstaForex that’s designed to execute tick trades. Available features include:

  • Perfect for all types of InstaForex accounts
  • A user-friendly interface
  • Access via the web browser with no downloads needed
  • Six-digit quotes
  • Allows clients to boost profits

Deposits and Withdrawals

Withdrawals and deposits at InstaForex can be made through wire transfers and bank cards (debit/credit cards). For the bankcard deposits, InstaForex accepts GBP, EUR, and USD. Deposits are processed immediately and there are no commission fees charged. Moreover, there’s no maximum or minimum amount of transactions when using bank wire transfers.

Payment methods accepted by InstaForex:

Accepted banking methods include:

  • Bank wire
  • Credit/debit cards
  • UnionPay
  • Neteller
  • Skrill
  • Payco

To withdraw your earnings, you need to submit a withdrawal request, indicating the amount you want to withdraw and your preferred payment options.

When cashing out your funds, it’s important you choose the same payment option and currency you had used to make the deposit.

Withdrawal Fees

Withdrawals incur a small fee depending on your preferred withdrawal option:

  • 1% for Skrill and bitcoin withdrawals
  • €1 for Neteller
  • €5 for Sofort and bank wire transfers

Trading Instruments

InstaForex makes it easy for its clients to trade in any of the following financial trading instruments:

  • Cryptocurrency
  • Oil and gas
  • Metals
  • Indices
  • Stocks
  • Currencies
  • Commodity futures
  • Instafutures


When trading cryptocurrency, you’ll have access to instruments such as:

  • Ripple
  • Litecoin
  • Ethereum
  • Bitcoin
  • Bitcoin Cash

As mentioned earlier, the commission on these instruments is set at about 0.1 percent. However, the spread ranges between 50 and 12000.

Indices CFD and Futures

If you choose to trade this instrument, you’ll have unlimited access to:

  • Brent crude oil
  • Natural gas
  • Crude oil
  • Silver, gold, futures copper
  • Palladium
  • Platinum

When trading indices and futures, you must understand that each one of them has its own cost and tick size.

The commission for each of these instruments is set at $30.

CFDs Including Shares and Metals

Metals that you can trade include Gold Spot, Silver, and Spot Gold. Each of the metals has a unique spread and lot size. Luckily, there’s no commission fee charged.

When it comes to shares, the company allows its clients to trade in leading brands like Bank of America, Adobe, and Apple Inc.


Here you can trade over 107 currency pairs.


InstaForex has over the years built an incredible research section, with experienced analysts sharing market analysis and the latest updates through webinars and videos. They also provide a news feed full of technical reports and fundamental analysis. Unfortunately, poor integration between the website video content and YouTube makes it hard for new traders to find basic information. However, all other research materials are perfectly organised and most of them can be easily accessed via any trading platform.

Furthermore, the broker provides both new and seasoned traders with comprehensive Forex analyses, offering them unlimited access to unbiased reviews from experts, and the ability to monitor online forecasts and financial information showing the newest rates of currencies for that particular day.

Traders also get access to:

  • Photo news
  • Forex news
  • Actual patterns
  • Forex calendars

Traders can also access vital information from InstaForex TV that can be viewed either online or via the MT4 or MT5 app on their tablets and mobile devices.


InstaForex offers new traders a series of great tools to help them move up the ladder and hopefully become professional traders. Some of these tools are:

  • A demo account
  • A Question & Answer section
  • Forex learning course
  • Video tutorials
  • Comprehensive Guides

Customer Support

InstaForex offers customer support services 24 hours 5 days a week. You can quickly contact the support team via live chat, email, and phone in over 20 different languages. This is impressive because every time you need some type of help, you’ll always have someone to turn to. The customer support agents are very professional and friendly.

For those who don’t want to contact the support team, there’s a detailed FAQ section where they can find answers to some of the most commonly asked questions.

Besides email, phone, and live chat, InstaForex also provides support services through telegram, WhatsApp, Viber, Facebook messenger, and Skype.


Offering a wide range of tradable assets on its platform, InstaForex is one of the top Forex brokers. One of the many things you’ll love about InstaForex is the low commission fee coupled with numerous high-quality research tools and trading pairs. The margin access and tiered pricing might be confusing to new traders, but you have nothing to worry about because there’s a detailed education resource to help every step of the way. Another thing that you’ll like is the fact that the broker supports a wide selection of payment methods and its trading platforms are very easy to use even for newbies.

Overall, InstaForex offers an amazing trading platform where cryptocurrencies and FIAT can be traded. It’s highly secured guaranteeing traders can never lose their funds. Also, it’s fully regulated and this offers the security to start your trading journey.



How does InstaForex make profit?

InstaForex collects fees from commissions and spreads on more than 200 assets.

How do I deposit into my InstaForex account?

You have a wide selection of deposit methods to choose from if you want to make a deposit. These include bitcoin, Sofort, Neteller, Skrill, debit/credit cards, and bank wire.

What’s the Min. lot size?

InstaForex’s minimum lot size is 0.01 lots.

Is InstaForex regulated?

InstaForex is owned and operated by Insta Trading EU Ltd. The broker is fully regulated by CySec, under a license that was issued on 13th January 2015, no. 266/15.

Does InstaForex have a Meta Trader platform?

Yes, InstaForex offers an easy-to-use MT4 trading platform.

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Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. Top5forex will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.