InstaForex Forex Broker

InstaForex Review SummaryFounded2007Registered Country/RegionSaint Vincent and the GrenadinesRegulationFSC (Suspicious Clone)Market Instruments300+ instruments, Forex, Commodities, Cryptos, CFDs, Indices, Stocks Demo Account✅Islamic Account✅Leverage1:1 – 1:1000EUR/USD Spread 3–7 pips (Insta.Standard account)Trading PlatformMetaTrader 4, WebTraderMinimum Deposit$1Customer SupportLive chatPhone: +971 800 0321266Email: support@mail.instaforex.comInstaForex Information Founded in 2007, InstaForex is an broker registered in Saint Vincent and the Grenadines. It promotes access to more than 300 assets including forex, equities, indexes, and cryptos. Though it encourages keeping a license from the BVI FSC, this assertion is untrue and it is formally marked as a suspect clone.Pros and ConsProsConsLow minimum deposit ($1)Suspicious cloned FSC liscenceWide range of trading instruments High EUR/USD spreads on standard accounts (3–7 pips)MetaTrader 4 platformMT5 not supportedDemo accounts offeredPopular payment optionsLive chat supportIs InstaForex Legit? InstaForex is flagged as holding a suspicious clone license. This company does not lawfully hold the license it claims to operate under—Retail Forex License No. SIBA/L/14/1082 issued by the British Virgin Islands Financial Services Commission (BVI FSC), therefore its regulatory claim is false.Regulatory StatusSuspicious CloneRegulated byBritish Virgin Islands (BVI FSC)Licensed InstitutionInstant Trading LtdLicense TypeRetail Forex LicenseLicense NumberSIBA/L/14/1082What Can I Trade on InstaForex? InstaForex provides more than 300 trading tools comprising Forex, CFDs on equities and indices, cryptocurrencies, and precious metals. Along with spot assets like gold and silver, clients can trade well-known indices such S&P 500, Dow Jones, and DAX 30.Instrument TypeSupportedForex✔CFDs✔Commodities✔Indices✔Stocks✔Cryptos✔Bonds❌Options❌ETFs❌Account Type InstaForex has four kinds of live trading accounts designed for different trader profiles, including micro accounts for novices and standard/zero-spread accounts for seasoned traders. They also offer Islamic (swap-free) accounts on request and demo accounts for risk-free experimentation.Account TypeMinimum DepositLeverageSpreadCommissionInsta.Standard$11:1 – 1:10003–7 pips$0Insta.Eurica0 pips0.03% – 0.07%Cent.Standard3–7 pips$0Cent.Eurica 0 pips0.03% – 0.07%Leverage Significantly more than industry norms, InstaForex provides leverage of 1:1 -1:1000. While high leverage can maximize earnings on tiny investments, it also has high risks.Fees With tight spreads or commission-based pricing depending on account type, InstaForex offers quite affordable trading costs compared to industry standards. While the Insta.Eurica account has no spread but adds a commission of 0.03% to 0.07% every trade, the Insta.Standard account has no commission and a spread of 3 to 7 pips. Though they might have set overnight costs, swap-free (Islamic) choices are offered. Spreads & CommissionsAccount TypeSpreadCommissionInsta.Standard3–7 pips$0Insta.Eurica0 pips0.03% – 0.07%Cent.Standard3–7 pips$0Cent.Eurica0 pips0.03% – 0.07% Swap Rates Standard accounts use variable swap rates depending on the instrument and position type (long/short). Islamic (swap-free) accounts are available on request and charge a fixed fee instead of overnight interest, which complies with Sharia law. Non-Trading FeesNon-Trading Fee TypeAmountDeposit Fee0Withdrawal FeeVaries by method (e.g. 0.5% for crypto, up to 2% + €2.75 for cards)Inactivity Fee0Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for MetaTrader 4 (Windows)✔Windows, iOS, AndroidBeginnersWebTrader ✔All browsers (no installation)/MetaTrader 5 ❌–Experienced tradersDeposit and Withdrawal InstaForex doesn't charge deposits; however, depending on method withdrawals cost anywhere from 0.5% to 2% or set service costs. $1 is the minimal deposit, hence novices may find it reachable.Payment MethodMinimum AmountDeposit FeesWithdrawal FeesDeposit TimeWithdrawal TimeBank Card$10System feeWithin 24 hours / P2P: 72 hours1–6 business daysRapid (EU Online Banking)–Instant–Litecoin0.50%1–7 working hoursBitcoinEthereum1%Tether (USDT)1% – 2%PayCoSystem feeInstant48 hoursInternal Transfer (same user)––01–7 working hoursPrepaid Card––2% + €2.75