Contents
- 1 InstaForex Basics
- 2 Our Opinion About Instaforex
- 3 Key Benefits
- 4 Regulation
- 5 Trading Assets
- 6 InstaForex Account Types
- 7 Forex Bonuses
- 8 Instaforex Registration – How To Open An Account
- 9 Instaforex Registration – How To Verify An Account
- 10 Deposits & Withdrawals
- 11 Trading Platforms
- 12 Trading Tools
- 13 Extra Trading Services
- 14 Education
- 15 InstaForex Customer Support
- 16 Trading Hours
- 17 Our Verdict
- 18 InstaForex Forex Broker Review FAQ
- 19 Similar Brokers
InstaForex Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA |
| 💰 Minimum Deposit | $1 |
| 💳 Deposit Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 💳 Withdrawal Options | Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire |
| 📌Open an account | Start Trading with InstaForex |
Our Opinion About Instaforex
InstaForex is one of the most well-known forex brokers on the market. First established in 2007, it is now a large, international broker with over 7,000,000+ clients worldwide. InstaForex is popular for many reasons. It offers excellent trading conditions, advanced trading technology, and sophisticated trading platforms. It also offers great educational resources, helpful market analysis, and expert market outlooks. Above all, Instaforex offers several unique copy trading features. More about those below!
Key Benefits
Regulation
InstaForex is licenced by the FSC in the British Virgin Island. This means that it abides by international regulatory guidelines and offers a good level of client protection. They are also licensed by regulators in the UK, Cyprus, and St Vincent and the Grenadines. This means they are monitored by several reputable regulators and are required to treat clients fairly.
- Instant Trading EU Ltd is regulated by CySEC (Cyprus), with the licence number: 266/15.
- Instant Trading EU Ltd is regulated by the FCA (UK), with the licence number: 728735.
- Instant Trading Ltd is licensed by BVI FSC (BVI), with the licence Number: SIBA/L/14/1082.
- Insta Service Ltd is registered with SVG FSC (SVG), with registration number IBC22945.
Regulation In Kenya
Forex traders in Africa can register under the Instant Trading Ltd (BVI) subsidiary, which is licensed by BVI FSC, in the British Virgin Islands. The FSC provides has less regulatory requirements than some of the other regulatory authorities. For example, the FSC does not ask brokers to segregate client accounts, guarantee negative balance protection, or participate an investor compensation scheme.
That said, the FSC-regulated branch of Instaforex chooses to do all these things anyway. They still make sure that client funds are held in segregated accounts. And they still make sure that all client trading accounts come with negative balance protection. This means that Instaforex traders in Kenya benefit from the same robust client fund protection measure as traders registered with other branches.
Fund Safety
As a regulated broker, InstaForex ensures that they have certain measures in place to keep client funds secure. In addition to these measures, InstaForex also ensures that they have good security protocols to help protect client data. For example, they use both SSL technology and two-factor authentication technology. This means that you benefit from good client fund security and good data protection.
Instaforex Awards
InstaForex has won several industry awards for its products and services. Their most forex and crypto recent awards include:
- Best Crypto Broker 2022 (Forexing.com)
- Best Customer Service Broker 2022 (Allforexbonus.com)
- Best Forex Broker 2022 (International Investor Awards)
- Most Innovative Forex Broker 2021 (Global Brands Magazine)
- Best Forex Broker Central and Eastern Europe 2020 (International Business Magazine)
- Best Forex Broker Eastern Europe 2019 (International Business Magazine)
- Best Broker in Asia 2019 (Le Fonti Awards)
- Best Forex Cryptocurrency Trading Platform 2018 (UK Forex Awards)
Instaforex: Legit Or Scam?
Instaforex is a legit forex broker. They have been providing online trading services to clients in Africa since 2007. They have an international presence and a growing client base in Africa. In terms of licences, they are regulated by some of the strictest financial authorities in the world. And in terms of their trading accounts, they have low entry requirements, high leverage, and excellent trading conditions. They also have reliable payment methods, fast withdrawals, and a good level of client fund protection. In our opinion, they are a legit forex broker.
Trading Assets
InstaForex offers a wide range of trading instruments. You can trade currency pairs, stocks, indices, metals, commodities, and cryptocurrencies.
Trading Instruments
- Forex: Instaforex provides 100+ currency pairs including majors, minors, and exotics.
- Stocks: They provide 80+ stocks including Apple, Disney, Alphabet, and Coca Cola.
- Indices: Instaforex provides 15 indices across the US, Europe, and Asia.
- Commodities: They provide trading on Silver, Gold, Palladium, Crude Oil, and Gas.
- Cryptocurrencies: Instaforex provides 12 cryptos including Bitcoin, Cardano, and Ripple.
InstaForex Account Types
There are four account types available at InstaForex. You can trade on their Insta Standard or their Insta Eurica. You can also trade on their Cent Standard and their Cent Eurica accounts. As such, there are many options to choose from.
Spreads | Min. Deposit | Max. Leverage | Commission | |
Standard | From 1.8 pips | $100 | 1:1000 | N/A |
Eurica | From 1.5 pips | $100 | 1:1000 | N/A |
ECN Scalper | From 1 pip | $500 | 1:1000 | N/A |
ECN Pro | From 0 pip | $5000 | 1:500 | N/A |
ECN VIP | From 0 pip | $20000 | 1:500 | N/A |
Real Accounts
InstaForex has four real trading accounts. In our opinion, their best real account is the Insta Eurica trading account. The minimum deposit is $1. The account comes with zero spreads and commission fees of 0.03% – 0.07%. As such, the trading costs are quite consistent. The account also comes with high leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.01 lots and the maximum trade volume is 10,000 lots.
Demo Accounts
InstaForex also has demo accounts. You can use them to work on your trading skills and learn different trading strategies. You can also use them to try using different trading platforms and trading tools. As such, they are very useful for beginner traders.
Forex Bonuses
At the moment, there are four Instaforex bonuses. These are the 100% Instaforex bonus, the 55% Instaforex bonus, the 30% Instaforex bonus, and the Club Instaforex bonus. Instaforex also offers trading contests and competitions. At the moment, they have a Chancy Deposit contest with a $1000 prize draw. Check the website for the full bonus conditions.
Instaforex Registration – How To Open An Account
As part of our Instaforex review, we looked at their online registration requirements. If you live in Africa, then you are can open a trading account under their FSC subsidiary.
The registration process is simple. The first step is to go to the InstaForex website and fill in the online registration form. This is so that Instaforex can collect your personal information and create your account. The next step is to take a short forex quiz. This is so that Instaforex can see how much you know about trading and decide if their services are suitable for you. The final step is to go through the account verification process, also known as the KYC process, and select your preferred account type. This is so that Instaforex can carry out their regulatory checks and activate your trading account. After that, all you need to do is deposit funds and get ready to start trading!
Instaforex Registration – How To Verify An Account
To open a live trading account you’ll need to show Instaforex a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Deposits & Withdrawals
InstaForex offers many different payment methods including credit cards, debit cards, bank wire transfer, Skrill, Neteller, Payoma, and Sofort.
Instaforex Withdrawal Fees
Many of the Instaforex withdrawal methods have fees attached. The fee is usually between 0.5 – 2% of the total transaction amount.
Trading Platforms
InstaForex uses one of the industry’s top trading platforms – MT4. MetaTrader4 (MT4) is a great option for new forex traders in Africa. It has a simple design and many helpful trading tools. You can use it to access many different trading instruments including forex, stocks, and indices. The Instaforex MT4 trading platform has a large range of charting tools, order execution types, technical indicators, and analytical objects.
InstaForex also uses another of the industry’s top trading platforms – MT5. MetaTrader5 (MT5) is also another great choice for forex traders in Africa. It has a nice design and a simple interface. As with MetaTrader4, you can use it to access many different financial markets including forex, stocks, and indices. The Instaforex MT5 platform also has a large number of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
InstaForex offers a wide range of trading tools including:
- VPS – They offer free VPS services to traders with more than $5000 in their trading account.
- ForexCopy – They offer a free copy trading service.
- Forex Signals – They offer free access to expert trading signals.
- Forex Strategies – They offer access to expert trading strategies.
- Forex Quotes and Analysis – They give you free access to research, quotes, and economic news.
Extra Trading Services
InstaForex also lets you trade binary options. You can trade intraday and expiry binary options using their cutting-edge trading technology.
Education
InstaForex has a nice range of educational resources. You can get access to both a community forum and an education centre. The forum is a training ground where you can improve your knowledge and work on your trading skills. The education centre is an eLibrary where you can find lots of helpful materials. For example, you can get access to training guides, online trading tutorials, videos, eBooks, and journals.
InstaForex Customer Support
InstaForex has a great customer service team. They are very helpful and quick to respond to any questions. You can contact them via live chat, email, and phone during office hours.
Trading Hours
Instaforex operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.
Our Verdict
InstaForex offers high quality trading services including a PAMM system, a copy trade system, and an instaWallet system. It also offers excellent educational materials, great trading conditions, and a high level of trading support. This makes InstaForex a great choice for all traders – whether you’re just starting your journey in Forex or if you’re looking to change to a better broker!
InstaForex Forex Broker Review FAQ
Yes, Instaforex in Africa is a good broker. They have a nice selection of account types, all of which have very low minimum deposits. Instaforex has many trading instruments including forex, stocks, indices, cryptocurrencies, metals, oil, gas, and other commodities. They also offer very good trading accounts and excellent online trading conditions.
Yes, Instaforex in Africa is a legit forex broker. They are an international company with offices in key locations around the world. In terms of their services, they offer great trading accounts, fair trading conditions, and helpful trading tools . Furthermore, Instaforex has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, Instaforex in Africa is a regulated forex broker. InstaForex has a licence from CySEC in Cyprus. It is also registered with the FCA in the UK, as well as many EU regulatory bodies. As such, it is a trustworthy and reliable broker. In addition, InstaForex has licences from regulators in the British Virgin Islands, as well as St Vincent and the Grenadines. This means there are many regulators overseeing its operations and ensuring that it treats its clients fairly.
Yes, Instaforex in Africa is a safe forex broker. When it comes to fund safety, they follow all their basic regulatory requirements, and offer robust client fund protection measures. For example, Instaforex keeps all client funds in segregated accounts, separate from its company funds. This means that they can never use client funds for their own operational purposes. In our opinion, Instaforex is a safe company to trade with.
Yes, you can trust Instaforex in Africa. InstaForex is one of the best brokers in the forex industry. The company was launched in 2007 and has been offering trading services for several years. They are a large, international forex company with over 7,000,000+ clients worldwide. They are very popular in Africa and have won many forex awards.
Yes, Insfaforex in Africa offers three live trading accounts. You can trade on their Insta Standard or their Insta Eurica. You can also choose from their Cent Standard and their Cent Eurica accounts. All of the Instaforex live accounts come with high leverage, competitive pricing, and fast trade execution. As such, Insta forex trading conditions are very good.
Yes, Instaforex in Africa has good spreads. The Instaforex spreads available depend on your account type. For example, you can get spreads from 3.0 – 7.0 pips on with the Insta Standard and Cent Standard accounts. You can also get zero spread trading on the Insta Eurica and Cent Eurica accounts. As such, Instaforex trading conditions are very good.
As part of our Instaforex review, we also look at their minimum deposit requirements. Instaforex in Nigeria has several affordable account options. Their entry requirements are very low and the minimum deposit nstaforex for all trading accounts is only $1.
Instaforex in Africa has forex bonuses. At the moment, there are four Instaforex bonuses. These are the 100% Instaforex bonus, the 55% Instaforex bonus, the 30% Instaforex bonus, and the Club Instaforex bonus. Instaforex also offers trading contests and competitions. At the moment, they have a Chancy Deposit contest with a $1000 prize draw. Check the website for the full bonus conditions.
Yes, Instaforex has cryptocurrency trading. You can choose from many popular cryptocurrencies including Bitcoin, Cardano, and Ripple. Instaforex crypto trading and Instaforex Bitcoin trading are available on all accounts.
Instaforex in Africa does not have PayPal. However, it does have many other convenient payment methods including credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The Instaforex funding times are very good. They do not charge deposit fees on most payment methods.
There are several Instaforex withdrawal methods. These include credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The average Instaforex withdrawal times are good. For instance, bank wire withdrawals have a 2% fee and take 2-4 days to process. Check the website for the full withdrawal conditions.
Yes, Instaforex is good for beginners. They have several affordable account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources.
Ready to start trading? Register for an online trading account with InstaForex here. Looking for more information, feel free to check out our forex broker reviews.
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