InstaForex – Forex Broker Review

InstaForex is a universal online broker for active and passive trading. The company has been working on financial markets since 2007 and nowadays it has more than 260 representative offices all over the world. InstaForex is regulated by British Virgin Islands Financial Services Commission (FSC) and the official license proves it. InstaForex has received numerous awards. Thus, in 2019, the company was recognized as the best broker in Eastern Europe and Asia.

Site overview and registration

The information on ifxglobe.com is divided into sections for traders and partners of the company. By joining the broker through an affiliate program, investors can attract new clients and receive a portion of their profits. 

After registration on the site, the trader can open a real or demo account. The data on financial operations can be viewed in the personal cabinet. To get access to trading on the real market, it is necessary to choose one of the broker's accounts. They differ in the spread, commission, minimum transaction and other conditions.

Terms of trade

InstaForex offers its clients several account types and more than 300 trading instruments. Investors have access to trading currency pairs, commodity futures, stocks, indices and other assets. To start trading, a minimum deposit of $1 or more is required and clients can also use a demo account to hone their trading skills and familiarize themselves with the company's trading conditions. Thus the investor concludes transactions on virtual money, without losing real money on the market. 

Traders can trade through multiple terminals:

• MetaTrader 4. Users of this popular platform can use 9 timeframes, automated trading and one-click trading;
• MetaTrader 5. This advanced terminal gives you access to the Level II Pricing, automatic compilation of the quotations archive and a wider selection of trading tools;
• multiterminal. The program is available on your PC through the MS Windows operating system and allows to work simultaneously with several accounts;
• WebTrader. Users of this platform can use all broker's assets, analytics and news;
• InstaTick Trader. The specialized terminal is suitable for making tick trades and allows trading directly without installing the MT4 plug-in.

The broker offers several deposit and withdrawal options. Clients can use a bank card, bank transfer, online systems. Besides, InstaForex allows funding the account with cryptocurrency. 

Passive trading

The ForexCopy social trading platform is one of InstaForex's unique offers. Users of this service get an opportunity to make money by copying trades of other investors. When using the ForexCopy platform, traders can choose from three payment methods: per trade, subscription form or percentage of successful trades. The broker's registered clients have an opportunity to get into the investor rating to earn when their trades are copied by other market players.

The InstaForex PAMM system is another option for passive income. The company's clients can invest in PAMM-accounts, starting from the minimum amount of $1. The participants of this system have access to the control of all transactions and automatic tracking of the profits received. In addition, investors can diversify risks by investing in several accounts with different levels of profitability. 

Training and analytics

Beginner traders can take a free basic course consisting of three classes. The broker offers video lessons, online webinars, and training with a trainer to improve their trading skills. On the InstaForex website there are open access articles on trading on the financial markets, a glossary of the main terms, and a list of popular questions. 

When working on a real account or learning to trade through a demo account, traders can use analytical materials provided by the broker in open access or individually. "Instaforex" offers trading signals, economic calendar, Forex market news. 

Customer Service

Managers from the technical support service answer traders' questions around the clock. The broker's clients can contact the support team by phone or e-mail. The support of traders is available in 25 languages, including Russian, English, Italian, etc. To solve trading and technical questions, you can contact the support team through the feedback form on the website. To do this, leave your contact information and a text message, after which the manager will contact you. 

Customer reviews

Traders note the broker's individual approach to clients, the operative work of the customer support service, and the well-thought-out training system. Investors also note the system of bonuses and regular contests as advantages of the company. As for the negative aspects, InstaForex clients noted the broker's intrusive advertising and periodic technical failures in the trading terminals.

Advantages of a broker

• Possibility to combine active and passive trading.
• Large selection of assets for diversification of the investment portfolio.
• Regularly updated analytical section.
• Small minimum deposit.

Disadvantages of the broker

• The financial department does not work on weekends.
• There may be technical glitches in the terminals.

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