InstaForexbReview 2024: Is it worth it?

Overview of InstaForex

InstaForex is a trusted and established online trading platform founded in 2007 by InstaTrader Ltd.

With over 14 years of experience in the industry, they provide their users with an advanced trading environment featuring competitive spreads and 24-hour customer support.

The company has been steadily growing since its inception, now boasting over 13 million active traders worldwide. They have offices around the world, including major cities such as London, New York, Tokyo, and Moscow.

InstaForex provides a suite of services, including forex pairs, stocks, indices, commodities, and cryptocurrency trading services. With its cutting-edge technology, user-friendly features and applications for mobile devices, InstaForex has quickly become one of the most popular online trading platforms available today.

Trading Platforms

InstaForex supports MetaTrader 4 and 5 as their two primary trading platforms.

These two platforms are considered industry standards and offer traders a wide range of features, including advanced charting, automated trading robots, plugins, and other customizations.

MT4 is more suited to beginner and intermediate traders, due to its wide array of features and streamlined design. On the other hand, MT5 has more advanced tools and functions for experienced traders who require higher levels of control over their trades.

It’s easy to see why MetaTrader is such a widely-used platform. Both MetaTrader platforms allow users to access live quotes and news updates, customize their charting methods, develop automated trading systems using “Expert Advisors”, execute manual trades from multiple devices, analyze financial markets using a range of indicators, and much more.

In addition to the MT4 and MT5 platforms, InstaForex offers its proprietary trading platform, Webtrader. This platform is designed to provide traders with powerful online trading capabilities while also allowing them to customize it to fit their individual needs.

Through Webtrader, InstaForex customers can access real-time news feeds, quotes, market analysis tools, and more.

Account Types

InstaForex offers four different types of accounts for users – the Insta. Mini Account, the Insta.Eurica Account, the Cent.Standard Account, and the Cent.Eurica Account. Each account type has its benefits and is designed to suit different traders.

Here is a breakdown of what to expect from each account type:

Insta.Mini Account

This account is ideal for those who are just getting started in forex trading. It’s a straightforward account, allowing users to access leverage up to 1:1000, real-time market quotes, free deposit bonuses, and more. You also get a 10% stop out with a margin call of 30%.

This level is decent leverage for novice traders to stay safe while navigating the basics of using leverage. In addition, the minimum deposit for this account is only $1, and the spreads go from 3-7.

Insta.Eurica Account

This account is perfect for beginner traders looking to learn the ropes of forex trading. It allows you to access leverage up to 1:1000, tight spreads and the ability to open positions.

However, while the Mini account comes with zero fees, this one features a variable fee of 0.03% to 0.07%. You are only required to deposit a minimum of $1, and the minimum trade starts at 0.01 of the lot (to a maximum of 10,000 lots).

Cent.Standard Account

InstaForex’s Cent.Standard account comes with a maximum deposit of $1000. This means that you can start trading with as little as $100.

In addition, it offers leverage up to 1:1000, spreads from 3-7 pips, and a 10% stop out with a margin call set at 30%. Unlike the previous account, the minimum trade size on this one is 0.1 lots, and the maximum is 10,000 lots.

Cent.Eurica Account

This account is also perfect for beginners as it requires a minimum deposit of $1 and comes with spreads from 0 pips. The leverage is still set at 1:1000, the stop out at 10%, and the margin call at 30%. This account also features a variable fee in the range of 0.03% to 0.07%.

InstaForex PAMMA System

Like most brokers, InstaForex offers a wide range of features to keep their users trading more efficiently. One key feature is the InstaForex PAMMA system which stands for “Percentage Allocation Money Management”.

This system is designed to help traders easily manage their investments by distributing each trade across different accounts based on predetermined risk parameters. This can be incredibly useful for experienced traders who want to diversify their investments and manage risk.

Supported Market Instruments

InstaForex offers a wide range of markets to trade in.

You can access various currency pairs such as EUR/USD, USD/JPY, GBP/USD, among others. In addition, you also get access to stocks, precious metals like gold and silver, cryptocurrency, CFDs, and other financial instruments.

Customer Support

Customer support is a crucial aspect of any successful broker. It’s important for traders’ peace of mind that they’re able to access technical help if needed. InstaForex provides 24/5 customer support via email, phone, and live chat.

The company has also established an extensive FAQ section on their website which explains various key aspects of the platform. Additionally, they offer several training programs to help novice traders better understand the forex markets. If access to a wide range of financial instruments is important you to, check out our reviews of Exante and BDSwiss.

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