Instaforex Review


When it comes to Forex trading, you can never be too careful about choosing the best broker. There are many brokers out there, and one of them is Instaforex. It can be very time-consuming and difficult to get the best broker for your needs, which is why we decided to review the best features of this particular broker. Read our review and find out as much as you need on the matter.

Who Is Instaforex For?

Instaforex is the perfect choice for those who are still learning how to use Forex trading platforms. Not only is it very easy to use and intuitive, but it also has a wide array of educational materials that you can use. For beginners that are still learning, this is actually very convenient.

The platform is also the perfect choice for those who are on a budget. It asks for no deposit or withdrawal fees, and there is also no deposit minimum. You can deposit as little as $1 and Instaforex will accept your transaction.

Things We Like

We like the fact that the trading conditions were made so that the app could be used by beginners as well. That being said, even if the platform is user-friendly, there are many financial instruments that you may use in order to make a trade.

The app comes with a fair number of deposit bonuses, as well as multiple ways to get passive income. The ForexCopy system is particularly convenient, as you can earn income even without having a lot of knowledge on the matter. You can simply learn from other traders.

Things We Don’t Like

We did not like that the customer support is not always quickly responsive. Sometimes, it may take hours until they answer your question.

Pros / Cons
  • Low commissions on CFDs on stocks
  • No requirements for minimum deposit
  • Interest accrued on the account balance
  • High commissions on Forex market and CFDs on energies and indices
  • Low diversity of available markets, excluding currency pairs
  • Customer support needs improvement

Safety and Regulation

Company Overview

InstaForex has grown quite a bit over the past couple of years. Still, even with its popularity, you need to learn as much about the company as possible. From its origins to regulation and safety features, here is what you may want to know about Instaforex.

Who Is Instaforex?

Instaforex is a broker that was founded in Cyprus, in 2007. To this day, it has 260 representative physical offices all over the world. It is also one of the first companies that allowed trading of CDFs and Bitcoin through social media platforms (i.e., Twitter and Facebook).

Is Instaforex Regulated?

InstaForex has several licenses that fall under different jurisdictions. This ensures that it complies with the law of the country that it activates in, but also protects the clients.

Instaforex is regulated and authorized by the CySEC under the parent company. It also features registration from BVI by FSC in offshore areas, along with the Grenadines and St. Vincent.

Is Instaforex Safe?

Instaforex keeps the user’s money in segregated accounts, providing a compensation scheme for every client that might have misfortune fall upon them. Moreover, in the event that the company becomes insolvent, the client is also protected by that compensation scheme.

The platform also features SSL encryption in both the mobile and desktop platforms. This prevents users from being exposed to fraudulent activities.

Countries It Accepts Clients From

Instaforex is typically available for use in every country all over the globe. With that in mind, there might be certain countries such as North Korea or Sudan that have stricter regulations. The USA is also on the list of places where you might not be able to use Instaforex, as it has different regulations and rules.


Since 2009, Instaforex has won several awards. In 2019, it won the title of Best Forex Broker in Eastern Europe, whereas in 2021 it received the title of Most Active Broker in Asia. These are only some examples, but where rewards are concerned, Instaforex has no shortage of them.

Range of Offerings and Products

InstaForex provides several instruments that you may use to trade – there are well over 300 tools, to be more precise. This includes the following:


Here, the Forex market works mostly by selling or buying currencies. When you trade instruments, you are speculating how much they will change their value over time, weighing one currency over the other. On Instaforex, you have more than 110 currencies that you can trade.


Cryptocurrencies are also very popular when it comes to trading, and Instaforex offers this option as well. A trader can speculate how much the price of the cryptocurrency (usually, the Bitcoin) will change – and this can be done even without buying cryptos. Instaforex allows you to trade with Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin.


CFDs allow traders to speculate how much the price of an asset will change over time. InstaForex has quite many CFDs, more than 90, including silver, gold, gas, and other major stock indices.

With CFD trading, you have trading conditions that include commissions and requirements with low margins. You also have fixed spreads, flexible leverage that can go all the way up to 1:10, and the ability to hold onto stocks and positions for a longer period.

Aside from the above-mentioned instruments, you may also choose to trade with the following: commodities, stocks, indices, shares, energies, metals.

Each type of account will have its own methods for trading, which you can choose based on your own needs and preferences. That being said, the selection of products is wide enough for you to undergo efficient trading.

Trading Platforms

Instaforex works on three different trading platforms: MT4, MT5, and WebIFX. These platforms are very popular with CDF and Forex traders, but also very easy to use. You may access Instaforex through a desktop app, Internet browser, or mobile app. This allows you to access your account whenever you may need it.

Account Types

There are two main account types that you may use on Instaforex: Standard Account and Islamic Account. You may choose them based on your preferences or the region that you are in. Since the accounts operate in different areas, they might adopt different regulations. Make sure that you carefully read the terms and conditions for each.

Deposit Methods

Instaforex offers a convenient number of methods that you may use to deposit money. All of these methods are common and are likely to be used by a wide number of people. You can deposit by using wire transfer, debit/credit card, UnionPay, B2BinPay, SoFort, Bitcoin via Skrill, Neteller, and PayCo.

Minimum Deposit

One of the best aspects of Instaforex is that there isn’t a specific minimum deposit amount. If you want to deposit money, you can put in as much as $1. Bear in mind that the instruments you trade with may also require you to deposit higher amounts of money. Different assets may need various margins.


Withdrawals are also free of charge, regardless of the method that you are using to make that transfer. Still, several methods might take longer to finalize as compared to others. As an example, while Skrill might make the transaction immediately, wire transfers can usually take up to 24 hours.

Demo Account

InstaForex also offers a free demo account where you may test the terminal features of the platform. This will help you determine whether InstaForex is an appropriate app for your needs or not. You can also get some trading practice and use several strategies, all without putting any actual money on the line. You can see which risk is worth taking and which risk is not.

Instaforex Promotions

This broker offers various bonuses for both new users and those who have been using their services for a while. You have the chance of getting the following:

  • 100% bonus after making your first deposit
  • 55% bonus for each deposit that follows
  • 30% bonus for deposit enrollments
  • 40% “Club bonus” for those who are part of the InstaForex Club
  • Monthly $5,000 bonus chance when replenishing am account with a minimum of $3,000

These bonuses can be highly efficient in keeping your trading and allowing you to continue with your flow.

Client Support and Education

Customer support can be contacted in a variety of ways. For example, you may try contacting them by cell phone, live chat, email, or even from the FAQ section. You will receive a response the moment someone is available, but usually, phone calls get the quickest response.

InstaForex also offers a significant number of educational tools that you may use, all of which will help you on the way to becoming a professional trader. You have trading guides, tutorial videos, a Forex course with a total of 16 lectures, and a very useful Q&A section. You also have the demo section to help you on your educational journey.

Verdict – Overall Rating

Instaforex is a great option for the beginner trader who wants to learn Forex, but also professional traders who require more tools. It is very easy to use, but at the same time, it is quite a versatile tool. No matter what your trading needs may be, it is a useful platform that’s worth a check.


All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.

The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Risk Disclaimer

There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.

Looking for more information on brokers and trading? Have a look at our trading guides:

Review Sources


Instaforex competes among the top MetaTrader brokers, offering the full suite of MT4 and MT5 platforms with multiple accounts and execution methods. The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average.

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