InstaForex Forex Broker

InstaForexReview SummaryFounded2007Registered Country/RegionThe Virgin IslandsRegulationFSC (Suspicious clone)Market InstrumentsForex, CFDs, indices, futures, cryptosDemo Account✅LeverageUp to 1:1000SpreadFloating around 3.0 pipsTrading PlatformMT4, MT5, MultiTerminal, Web Platform, Mobile TraderMinimum Deposit$1Customer SupportFacebook, X, Instagram, Telegram, YoutubeLive chat, contact form, 24/5 customer supportTel: +9718000321266Email: support@mail.instaforex.comAddress: 27th floor, The Prism Tower, Business Bay, Dubai, UAERegional RestrictionsUSAInstaForex 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 spread from 3.0 pips on MT4, MT5, MultiTerminal, Web Platform, Mobile Trader trading platform. The minimum deposit requirement is $1. Besides, USA residents are not allowed.Pros and ConsPros Cons Free $1,500,000 demo moneySuspicious clone licenseWith demo accountRegional restrictionLong operation timeCommission fees chargedVarious contact channelsVarious trading productsFour types of accountsMT4/MT5 platformLow 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✔ETFs❌Bonds❌Stocks❌Commodities❌Account TypeAccount TypeMinimum DepositInsta.Standard$1Insta.Eurica$1Cent.Standard$1Cent.Eurica$1Leverage InstaForex offers flexible leverage options, varying by deposits (1:1-1:1000). It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.InstaForex Fees Trading Fees InstaForex offers flexible commission options, varying by trading instruments type. Insta/Cent Eurica Account charges fees of about 0.03%-0.07%, while Insta/Cent Standard Account does not charge fees. InstaForex Spreads Insta/Cent Standard Account offers spreads from 3.0 pips, and Insta/Cent Eurica Account offers spreads from 0.0 pips.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 The broker accepts payments via Visa cards, MasterCard cards, and bank transfers.Deposit Options Minimum DepositFees Processing Time Local deposit from Iran$1Bank fees varyWithin 1-2 daysLitecoin$1/Within 3 hoursBitcoin$1/Within 3 hoursEthereum$1/Within 3 hoursPayCo$1/InstantTether$1/Within 3 hoursWithdrawal Options Minimum Withdrawal Fees Processing Time Litecoin$10.5%Within 1-7 working hoursBitcoin$10.5%Within 1-7 working hoursPayCo$1System feeWithin 48 hoursTransfer between accounts$1/Within 1-7 working hoursTether$11%-2%Within 1-7 working hoursEthereum$11%Within 1-7 working hours