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InstaForex Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.ifxglobe..., the company's legitimate regulatory information The Virgin IslandsFSCRetail Forex License to enhance the security of the company's address 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands

InstaForex Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Instant Trading Ltd
Abbreviation
InstaForex
Company employee
--
Customer Service Email Address
support@mail.instaforex.com
Company address
4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: InstaForex's official website: https://www.ifxglobes.com/ is currently inaccessible normally.InstaForex Review SummaryFounded2022Registered Country/RegionUnited KingdomRegulationFSC (Suspicious Clone)Market InstrumentsCurrencies, shares, indices, metals, oil & gas, commodity futures, cryptocurrencies, Insta FuturesDemo Account✅Leverage1:1 - 1:1000SpreadFrom 0.0 pipsTrading PlatformMetaTrader4, Web Trading PlatformMin Deposit$1Customer Support24/7 email: support@mail.instaforex.comTwitter, Facebook, YouTubeAddress: 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, British Virgin Islands InstaForex, established in 2022 and based in the United Kingdom, operates as an unregulated entity. It offers trading on currencies, shares, indices, metals, oil & gas, commodity futures, cryptocurrencies, and Insta Futures through the MT4 and Web trading platform. However, as of now, it has no valid regulations. Their website is also unavailable.Pros and ConsPros Cons Various trading instrumentsSuspicious clone FSC licenseDemo accountsInaccessible websiteMultiple account typesFlexible leverage ratiosMT4 availableLow minimum depositIs InstaForex Legit? InstaForex is flagged as a “Suspicious Clone” by the Financial Services Commission (FSC) in the Virgin Islands, indicating concerns about its legitimacy and potential impersonation of a reputable entity.Regulatory AuthorityBritish Virgin Islands Financial Services Commission (FSC)Regulatory Status Suspicious CloneRegulated by The Virgin IslandsLicensed Institution Instant Trading LtdLicensed TypeRetail Forex LicenseLicensed NumberSIBA/L/14/1082What Can I Trade on InstaForex? InstaForex offers trading on forex, CFDs, indices, futures and cryptos.Tradable Instruments Supported Currencies✔Shares✔Indices✔Metals✔Oil & gas✔Commodity futures✔Cryptocurrencies✔Insta Futures✔Bonds❌Options❌ETFs❌Account Type InstaForex offers Insta.Standard Trading Accounts, Insta.Eurica Trading Accounts, Cent.Standard and Cent. Eurica Trading Accounts. Insta.Standard Trading Accounts are suitable for standard trading conditions without any fees. Traders can trade with Micro Forex (minimum deposit $1), Mini Forex (minimum deposit $100), and Standard Forex (minimum deposit $1 000). Eurica accounts allow trading at a significantly lower volume - Micro Forex, with a lot volume of 0.0001 of the market lot (0.1 U.S. cents).Account TypeMinimum DepositSpreadIdeal ForInsta.Standard$1-10 (Micro), $100 (Mini), $1 000 (Standard)FixedTraders seeking traditional trading with fixed spreadInsta.EuricaNo limitedZeroBeginners and professionals preferring no spread at openingCent.StandardNo limitedFixed/ZeroBeginners and risk-averse traders testing strategiesCent.EuricaNo limitedZeroBeginners and risk-averse traders testing strategies with no spreadLeverage InstaForex provides a wide range of leverage options, ranging from 1:1 to an impressive 1:1000.High leverage can significantly boost potential returns, but it also magnifies risks.InstaForex Fees On InstaForex, the spreads and commissions vary depending on the account type:Insta.Standard Accounts: These accounts typically feature fixed spreads, starting from 3 to 7 pips for major currency pairs.Insta.Eurica Accounts: These accounts require 0 spread for most currency pairs, as the bid price is equal to the ask price. For both account types, InstaForex does not charge direct commissions on trades.Trading Platform InstaForex provides MetaTrader 4 (MT4) trading platform. MT4 is renowned for its user-friendly interface, robust functionality, and flexibility, satisfying both novice and experienced traders. In addition to the MT4, InstaForex also offers a Web Trading Platform. This web-based platform allows traders to access their accounts and trade directly from web browsers without the need to download or install any software.Deposit and Withdrawal InstaForex accepts payments viacredit/debit cards, bank transfers,e-wallets (Paypal, WebMoney, etc.) and cryptocurrencies (Bitcoin, Litecoin, Tether, Ethereum).

Is InstaForex safe or scam

Rating Index

  

InstaForex Broker - Complete Information Guide

  

1. Broker Overview

  InstaForex, established in 2007, is a prominent player in the forex trading industry. The company operates under the full name Instant Trading Ltd, with its headquarters located in Tortola, British Virgin Islands. This offshore jurisdiction allows InstaForex to offer flexible trading conditions, appealing to a global clientele. The broker is privately held, which enables it to focus on providing tailored services without the pressures of public company performance.

  InstaForex primarily serves retail traders, boasting a client base of over 7 million traders worldwide. The broker has made significant strides in its development, including the introduction of innovative trading solutions and participation in various international sponsorships, further enhancing its reputation in the trading community. Over the years, InstaForex has achieved numerous milestones, including the launch of its PAMM (Percentage Allocation Management Module) system, which allows investors to allocate their funds to experienced traders.

  The company's business model encompasses retail forex trading, offering a wide range of financial instruments, including forex, CFDs, commodities, and cryptocurrencies. This diverse offering caters to traders of all experience levels, from beginners to seasoned professionals.

  

2. Regulation and Compliance Information

  InstaForex is regulated by several authorities, ensuring a level of trust and security for its clients. The primary regulatory bodies include:

  • British Virgin Islands Financial Services Commission (BVI FSC) - License number: SIBA/L/14/1082
  • Cyprus Securities and Exchange Commission (CySEC) - License number: 266/15

  The licenses are valid and cover a range of financial activities, allowing InstaForex to operate legally in various jurisdictions. The broker adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are essential for maintaining transparency and protecting clients' funds.

  InstaForex employs a client fund segregation policy, ensuring that clients' deposits are held in separate accounts from the company's operational funds. This practice enhances the safety of clients' investments. Furthermore, the broker participates in an investor compensation fund, providing coverage of up to €20,000 per client in the event of insolvency.

  

3. Trading Products and Services

  InstaForex offers a comprehensive range of trading products, making it an attractive option for traders looking to diversify their portfolios. The broker provides access to:

  • Forex: Over 100 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on global currency movements.
  • CFDs: A variety of contracts for difference, covering indices, commodities, stocks, and cryptocurrencies. This includes 88 CFDs on US stocks and several indices like the S&P 500 and Dow Jones.
  • Cryptocurrencies: Trading options include popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
  • Special Products: InstaForex also offers unique trading products like synthetic securities and InstaFutures, expanding the trading opportunities available to clients.

  The broker regularly updates its product offerings, ensuring that traders have access to the latest instruments in the market.

  

4. Trading Platforms and Technology

  InstaForex provides its clients with advanced trading platforms to enhance their trading experience. The primary platforms include:

  • MetaTrader 4 (MT4): A widely used platform that supports automated trading, technical analysis, and a range of trading tools.
  • MetaTrader 5 (MT5): The successor to MT4, offering additional features such as more timeframes and advanced analytical tools.
  • InstaForex WebTrader: A browser-based platform that allows traders to access their accounts without downloading software.
  • Mobile Trading Applications: Available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

  InstaForex boasts a robust server infrastructure, with multiple data centers ensuring rapid order execution and minimal downtime. The broker also supports API access for automated trading solutions, catering to the needs of tech-savvy traders.

  

5. Account Types and Trading Conditions

  InstaForex offers a variety of account types to suit different trading needs:

  • Insta.Standard Account: Requires a minimum deposit of $1, with spreads ranging from 3 to 7 pips. This account is ideal for beginners.
  • Insta.Eurica Account: Also requires a minimum deposit of $1, but offers zero spreads with a commission of 0.03% to 0.07% of the trade value.
  • Cent.Standard Account: Designed for micro traders, this account also has a minimum deposit of $1 and offers similar conditions to the Insta.Standard account.
  • Cent.Eurica Account: Similar to the Cent.Standard account but with zero spreads and a commission structure.

  The leverage offered by InstaForex can go up to 1:1000, allowing traders to control larger positions with a smaller initial investment. The minimum trade size is 0.01 lots, and the broker implements a margin call level of 30% and a stop-out level of 10%.

  

6. Fund Management

  InstaForex provides a variety of deposit and withdrawal methods to facilitate smooth financial transactions. The broker supports:

  • Deposit Methods: Clients can deposit funds using bank transfers, credit/debit cards, and various e-wallets, including Skrill, Neteller, and cryptocurrencies like Bitcoin and Ethereum. The minimum deposit requirement across all account types is $1.
  • Withdrawal Methods: Similar to deposit options, withdrawals can be made through e-wallets, bank transfers, and credit cards. The processing time for withdrawals is typically within 1 business day, although bank transfers may take longer (2-4 days).
  • Fees: InstaForex does not charge deposit fees, but withdrawal fees may apply, ranging from 0.5% to 2% depending on the payment method. There is also an inactivity fee of $10 per month after three months of inactivity.

  

7. Customer Support and Educational Resources

  InstaForex offers robust customer support to assist traders with their inquiries. The support team is available 24/7 through various channels, including:

  • Live Chat: Instant support for urgent matters.
  • Email and Phone: For more detailed inquiries.
  • Social Media: Support is also available through platforms like WhatsApp, Telegram, and Viber.

  The broker provides support in multiple languages, ensuring that traders from different regions can communicate effectively.

  In addition to customer support, InstaForex offers a wealth of educational resources, including webinars, video tutorials, and market analysis. These resources are designed to help traders enhance their skills and make informed trading decisions.

  

8. Regional Coverage and Restrictions

  InstaForex operates globally, serving clients from various regions, including Europe, Asia, and beyond. However, the broker does not accept clients from certain countries due to regulatory restrictions, including the United States, Canada, and Belgium.

  The company has established offices in multiple locations worldwide, ensuring that it can cater to a diverse clientele. Despite its broad reach, traders are advised to check the specific regulations applicable in their country before opening an account with InstaForex.

  In conclusion, the InstaForex broker stands out for its extensive range of trading products, competitive trading conditions, and robust support services. With a solid regulatory framework and a commitment to client safety, InstaForex continues to be a popular choice among traders looking to navigate the forex market effectively.

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Latest Reviews

Elias009

Elias009

Germany

Spreads here are not wide, but their rating score was lowered by poor customer support. Truly hope they could realize this.

37130

2024-07-11

mr.4704

mr.4704

Indonesia

Starting with just $1 was a huge draw for me as a newbie. InstaForex's demo account and educational resources have been invaluable as I learn the ropes without feeling overwhelmed by too much investment upfront.

Positive

2024-06-18

很少讲话

很少讲话

United States

I've noticed that InstaForex's website looks different from what I remember, and I suspect that it might be a clone site. This makes me doubt the safety and legitimacy of the broker. I've tried contacting their customer support to clarify the situation, but they weren't able to provide a satisfactory response.

Positive

2023-03-23

InstaForex Forex Broker has an overall rating of 1.38, Regulatory Index 0.00, License Index 0.00, Business Index 5.98, Software Index 4.00 Risk Control Index 0.00.
InstaForex