InstaForex Forex Broker

InstaForex Review SummaryFounded2019Registered Country/RegionSaint Vincent and the GrenadinesRegulationFSC (Suspicious Clone)Market InstrumentsCurrencies, Shares, Indices, Metals, Oil & gas, Commodity futures, Cryptocurrencies, InstaFuturesDemo Account✅LeverageUp to 1:1000Spread3-7 (Standard account)Trading PlatformMT4/MT5/Multiterminal/Web/Mobile traderMinimum Deposit1 USDBonus✅Customer SupportLive chatPhone: +9718000321266Email: support@mail.instaforex.com, complain@instaforex.comFacebook, TwitterInstaForex Information InstaForex is a broker. The tradable instruments with a maximum leverage of 1:1000 include currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. The broker also provides four accounts. The minimum spread is from 0 pips and the minimum deposit is 1 USD. InstaForex is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.Pros and ConsPros Cons MT4/MT5 availableSuspicious clone FSC license24/7 customer supportNegative comments about difficulty in withdrawalSwap freeUnspecific fee informationSpread as low as 0 pipsDemo accounts availableVarious tradable instrumentsLow minimum depositBonus offeredIs InstaForex Legit? InstaForex holds a Suspicious Clone license with license type Retail Forex License and the license number is SIBA/L/14/1082, making it less safe than regulated brokers.Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.British Virgin Islands Financial Services Commission (FSC)Suspicious CloneInstant Trading LtdThe Virgin IslandsRetail Forex LicenseSIBA/L/14/1082What Can I Trade on InstaForex? InstaForex offers a wide range of market instruments, including currencies, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures.Tradable Instruments Supported Currencies✔Shares✔Indices✔Metals✔Oil & gas✔Commodity futures✔Cryptocurrencies✔InstaFutures✔Bonds❌Options❌ETFs❌Account Type & Fees InstaForex has four account types: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. Traders who want low spreads and low leverage can choose Insta.Eurica and Cent.Eurica accounts. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account TypeInsta.StandardInsta.EuricaCent.StandardCent.EuricaMinimum Deposit1 USD1 USD1 USD1 USDMaximum DepositNo limitNo limit1,000 USD1,000 USDSpread3-703-70Commission❌0.03%-0.07%❌0.03%-0.07%Maximum Leverage1:10001:10001:10001:1000Leverage The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.Trading Platform InstaForex cooperates with the authoritative MT4 and MT5 trading platform available in Windows, desktop, and mobile to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔WindowsBeginnersMT5✔Desktop/MobileExperienced tradersMultiterminal✔Windows/Web✔Web/Mobile trader✔Android/iOS/Huawei/Deposit and Withdrawal The minimum deposit is 1 USD. InstaForex accepts Bank Card, Bitcoin, PayCo, Tether, Ethereum, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.Bonus InstaForex provides 55% Bonus to every deposit and offers traders a matchless opportunity to receive the 30% Welcome Bonus to their trading account. Every trader holding an InstaForex Club Card is free to apply for the Club Bonus.Bonus100%55%InstaForex Club BonusBonus amount100%55%33%Withdrawal✔✔✔Compatibility❌❌30% bonus