InstaForex Forex Broker

InstaForex Review SummaryFounded2007Registered Country/RegionThe Virgin IslandsRegulationFSC (Suspicious clone)Market InstrumentsForex, CFDs, indices, futures, cryptosDemo Account✅ ($1,500,000 demo money)Leverage1:1-1:1000SpreadFrom 3.0 pips (Standard account)Trading PlatformMT4, MT5, MultiTerminal, Web Platform, Mobile TraderMinimum Deposit$1Customer Support24/5 support, live chat, contact formTel: +9718000321266Email: support@mail.instaforex.comFacebook, X, Instagram, Telegram, YoutubeAddress: 27th floor, The Prism Tower, Business Bay, Dubai, UAERegional RestrictionUSAInstaForex Information InstaForex was founded in The Virgin Islands in 2007, offering trading on forex, CFDs, indices, futures, and cryptos with leverage up to 1:1000 and variable spreads on the MT4, MT5, MultiTerminal, Web Platform, and Mobile Trader trading platforms. The minimum deposit requirement is $1. Besides, USA residents are not allowed.Pros and ConsPros Cons Free $1,500,000 demo moneySuspicious clone FSC licenseDemo accountsRegional restrictionsLong operation timeCommission fees chargedLive chat supportVarious trading productsFlexible leverage ratiosFour types of accountsMT4 and MT5 platformsLow minimum deposit of $1Is InstaForex Legit? InstaForex is licensed by FSC to offer services. Its license number is SIBA/L/14/1082. But the current status is suspicious clone.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.British Virgin Islands Financial Services Commission (FSC)Suspicious CloneInstant Trading LtdRetail Forex LicenseSIBA/L/14/1082What Can I Trade on InstaForex? InstaForex provides a wide range of trading products such as forex, CFDs, indices, futures, and cryptos.Tradable Instruments Supported Forex✔CFDs✔Indices ✔Cryptos✔Futures✔Commodities❌Stocks❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMinimum DepositInsta.Standard$1Insta.EuricaCent.StandardCent.EuricaLeverage InstaForex offers flexible leverage options, from 1:1 to 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.InstaForex FeesAccount TypeSpreadCommissionInsta.StandardFrom 3.0 pips0Insta.EuricaFrom 0.0 pips0.03%-0.07%Cent.StandardFrom 3.0 pips0Cent.EuricaFrom 0.0 pips0.03%-0.07%Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔PC, web, mobileBeginnersMT5✔PC, web, mobileExperienced tradersMultiTerminal✔PC/Web Platform✔Web/Mobile Trader✔Mobile/Deposit and Withdrawal InstaForex accepts payments via Visa cards, MasterCard cards, and bank transfers.Deposit Options Minimum DepositDeposit FeesDeposit Time Local deposit from Iran$1Bank fees varyWithin 1-2 daysLitecoin/Within 3 hoursBitcoinEthereumPayCoInstantTetherWithin 3 hoursWithdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time Litecoin$10.5%Within 1-7 working hoursBitcoinPayCoSystem feeWithin 48 hoursTransfer between accounts/Within 1-7 working hoursTether1%-2%Ethereum1%