InstaForex Forex Broker

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).