Item: InstaForex
Rating: 1.54

InstaForex

Saint Vincent and the Grenadines | 5-10 years |

Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.ifxglobe.com

Website

Users who viewed InstaForex also viewed..

Vantage

8.66

Score

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Vantage

Score

8.66

10-15 years |
Regulated in Australia |
Market Maker (MM) |
MT4 Full License |

Details

Official website

STARTRADER

8.62

Score

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

STARTRADER

Score

8.62

10-15 years |
Regulated in Australia |
Market Maker (MM) |
MT4 Full License |

Details

Official website

VT Markets

8.53

Score

5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

VT Markets

Score

8.53

5-10 years |
Regulated in Australia |
Market Maker (MM) |
MT4 Full License |

Details

Official website

Neex

8.61

Score

15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Neex

Score

8.61

15-20 years |
Regulated in Australia |
Market Maker (MM) |
MT4 Full License |

Details

Official website

Company Summary

InstaForex Review Summary
Founded	2019
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	FSC (Suspicious Clone)
Market Instruments	Currencies, Shares, Indices, Metals, Oil & gas, Commodity futures, Cryptocurrencies, InstaFutures
Demo Account	✅
Leverage	Up to 1:1000
Spread	3-7 (Standard account)
Trading Platform	MT4/MT5/Multiterminal/Web/Mobile trader
Minimum Deposit	1 USD
Bonus	✅
Customer Support	Live chat
	Phone: +9718000321266
	Email: support@mail.instaforex.com, complain@instaforex.com
	Facebook, Twitter

InstaForex 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 Cons

Pros	Cons
MT4/MT5 available	Suspicious clone FSC license
24/7 customer support	Negative comments about difficulty in withdrawal
Swap free	Unspecific fee information
Spread as low as 0 pips
Demo accounts available
Various tradable instruments
Low minimum deposit
Bonus offered

Is 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 Authority	Current Status	Licensed Entity	Regulated Country	License Type	License No.
British Virgin Islands Financial Services Commission (FSC)	Suspicious Clone	Instant Trading Ltd	The Virgin Islands	Retail Forex License	SIBA/L/14/1082

What 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 Type	Insta.Standard	Insta.Eurica	Cent.Standard	Cent.Eurica
Minimum Deposit	1 USD	1 USD	1 USD	1 USD
Maximum Deposit	No limit	No limit	1,000 USD	1,000 USD
Spread	3-7	0	3-7	0
Commission	❌	0.03%-0.07%	❌	0.03%-0.07%
Maximum Leverage	1:1000	1:1000	1:1000	1:1000

Leverage

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 Platform	Supported	Available Devices	Suitable for
MT4	✔	Windows	Beginners
MT5	✔	Desktop/Mobile	Experienced traders
Multiterminal	✔	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.