InstaForex Overall rating

	Rating	Weight
User Rating	3.5 (43 reviews)	3
Popularity	3.8	3
Regulation	2.0	2
Pricing rating	3.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Instaforex using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Instaforex has been in operation since 2007, making it a well-established broker in the forex industry. It is regulated by BVI FSC in the British Virgin Islands. User reviews indicate a mixed experience with an average rating of 3.6 out of 5 from 43 total reviews, of which 31 are from verified real trading accounts.

The broker ranks 63rd out of 815 forex brokers based on user ratings and 97th based on our expert's rating. With a popularity rating of 3.6 out of 5 and 556,436 organic monthly visits, Instaforex ranks 53rd out of 815 brokers for organic traffic.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Instant Trading Ltd	Virgin Islands, British - BVI FSC					3000 : 1

Deposit Insurance

Instaforex does not support a regulatory deposit insurance or an investor compensation scheme as part of its regulatory framework. Therefore, there's no safety mechanism to compensate investors if the authorized financial firm fails.

Still, the broker ensures segregated client money, meaning client funds are kept separate from the company's operating capital. These measures enhance the trustworthiness and reliability of Instaforex, ensuring client funds are protected to some extent.

Spreads and Costs

When comparing average spreads and costs across asset classes, Instaforex offers competitive rates, particularly in Forex and Cryptos. Overall, the broker's spreads and costs are generally in line with industry standards, providing a reasonable trading environment for most traders.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees are the costs of holding a trading position overnight, and they can either be positive or negative. Positive swap rates pay out, while negative swap rates cost money.

Instaforex's average swap rates are relatively high compared to the average of industry-leading brokers. Here are the swap rates for various brokers:

Does Instaforex Offer Islamic/Swap-free Accounts?

Islamic or swap-free trading accounts are designed for traders who cannot receive or pay interest due to religious reasons. These accounts comply with Sharia law by ensuring that no interest is charged or received on overnight positions.

Instaforex offers swap-free Islamic accounts to clients upon request. Traders must provide proof of their religious beliefs to qualify for these accounts, ensuring they adhere to Islamic principles. More details can be found on the Instaforex website.

Other Fees

In addition to spreads, commissions, and swap rates, brokers often charge other fees that traders should be aware of. Here is a summary of additional fees charged by Instaforex:

Comparison to other Brokers

Instaforex stands out in the forex industry due to its long history since 2007 and its regulation by BVI FSC. While it offers competitive average spreads in Forex and Cryptocurrency, the broker has a mixed user review rating of 3.6 out of 5 and ranks 63rd out of 815 forex brokers based on user ratings.

In comparison, brokers like IC Markets and FxPro offer lower average spreads across multiple asset classes and have higher user ratings. However, Instaforex's high leverage options and a wide range of tradable instruments make it appealing to certain traders.

Overall, while it may not lead in all areas, it offers a solid trading experience with strong regulatory oversight.

Trading Platforms - Mobile, Desktop, Automated

Instaforex offers the MetaTrader 4 and MetaTrader 5 platforms for desktop, mobile, and web. These platforms are renowned for their robust features, including advanced charting tools, a wide range of technical indicators, and support for automated trading.

MetaTrader 4 uses the MQL4 programming language, which is relatively easy to learn, making it accessible for traders looking to develop automated trading strategies.

MetaTrader 5, the newer version, uses MQL5 and offers additional features, including more timeframes and order types, further enhancing trading flexibility. Both platforms provide a seamless trading experience across devices, catering to the needs of different types of traders.

What Can you Trade?

Instaforex offers a diverse range of tradable instruments across several asset classes. Traders can access over 100 Forex CFDs, 13 Crypto CFDs, more than 200 Stock CFDs, 15 Stock Index CFDs, and 21 Commodities CFDs. Additionally, the broker provides 52 Futures CFDs, though ETFs and Bond CFDs are not available.

It's important to note that trading CFDs or derivatives involves leverage, which can amplify both gains and losses. Unlike owning real assets, trading CFDs does not confer ownership but allows traders to speculate on price movements.

The use of leverage means traders can control larger positions with a smaller initial investment, but it also increases the risk. For a detailed list of available instruments, visit the Instaforex website.

Available Leverage

Instaforex offers different leverage levels depending on the regulatory entity and the type of instrument being traded. Under BVI FSC regulation, it can go up to 3000:1.

This high leverage option is suitable for experienced traders who understand the risks involved. For Forex trading, leverage typically ranges from 50:1 to 500:1, while for other asset classes, it varies accordingly.

Traders should always use leverage cautiously, as it can significantly increase both potential profits and potential losses.

Prohibited Countries

Instaforex cannot open client accounts for residents of certain countries due to regulatory restrictions. Some of the prohibited countries include the United States, Canada, and Israel. Additionally, the broker may have restrictions on other countries based on changes in regulatory environments or sanctions.

Traders should check the Instaforex website or contact customer support for the most up-to-date list of prohibited countries.

InstaForex Account types

	Insta.Standard	Insta.Eurica	Cent.Standard	Cent.Eurica	PAMM Account
Commission	-	0.03%-0.07%	-	0.03%-0.07%	-
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile				-
Trading platform	MT4, MT5				-
Spread Type	Fixed Spread , Variable Spread
Minimum Deposit	1
Minimum Trade Size	0.01		0.1	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Insta.Standard
Maximum leverage	1000:1
Typical Spread	1 - 3 pips
Trading platform	MT4MT5
Mobile platform	MT4 Mobile
Spread type	Fixed Spread Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Insta.Eurica
Commission	0.03%-0.07%
Maximum leverage	1000:1
Typical Spread	0
Trading platform	MT4MT5
Mobile platform	MT4 Mobile
Spread type	Fixed Spread Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Cent.Standard
Maximum leverage	1000:1
Typical Spread	1.0-3.0
Trading platform	MT4MT5
Mobile platform	MT4 Mobile
Spread type	Fixed Spread Variable Spread
Minimum deposit	1
Minimum Trade Size	0.1
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Cent.Eurica
Commission	0.03%-0.07%
Maximum leverage	1000:1
Typical Spread	0.0
Trading platform	MT4MT5
Mobile platform	MT4 Mobile
Spread type	Fixed Spread Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PAMM Account
Maximum leverage	1000:1
Spread type	Fixed Spread Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

InstaForex Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

InstaForex Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread