General information and regulations of InstaForex
InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.
In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on. Reading this article will take you approximately 7 minutes.
At the end of the article, we will also briefly extract the most significant advantages and disadvantages so that you can get an idea of the broker's features at a glance.
Market instruments
As we have said before, InstaForex web pages are very informative. On this trading products page you can see not only the trading products, but also the difference in commissions and spreads between different accounts. We can trade currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures.
Spreads and commissions for trading with InstaForex
Let's take currency pairs as an example. Spreads and commissions vary on different accounts. On the MT5 and Standard accounts the spread is about 3 pips and there is no commission, while on the Eurica account the spread is 0 and the commission varies from 3-12 USD.
We can venture to conclude that Eurica is suitable for long-term traders who trade less frequently, while the other two accounts are suitable for short-term traders who trade more frequently.
Account Types for InstaForex
Demo account: InstaForex offers a demo account for testing a little on the financial market without the risk of losing money. Opening a demo account, according to the company, is as easy as ABC.
Live account: there are in total 4 types of accounts: insta standard, insta eurica, cent standard and cent eurica. The minimum deposit for opening an account at InstaForex is just 1 USD, and the trading conditions also seem to be quite favorable.
Trading platforms offered by InstaForex
As for trading platforms, clients can choose from the market leaders MetaTrader4 and MetaTrader5, which can be accessed from any device.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by InstaForex
InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
Unlike some brokers that lack information, InstaForex is very generous in providing information. If you carefully browse their website, you can find a wealth of information. As for deposits and withdrawals, InstaForex shows all methods, required fees and arrival times clearly on a single page.
Educational resources
InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.
Customer support of InstaForex
Call back, live chat, WhatsApp, email...with numerous channels and 24/7 service, clients could get help whenever they have trading-related problem.
Here are more details about the customer service.
Languages: there are total sixteen languages on InstaForex website, which could meet the needs of most of its customers.
Service hours: 24/7
Phone: you could fill in a form, indicating your country, your preferred language and time, the team will call you whenever you want, and the service is totally free of charge.
Email: support@mail.instaforex.com
Social networks: Facebook, Twitter, YouTube, Telegram, Instagram
WhatsApp
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time.
Advantages and disadvantages of InstaForex
Advantages:
Well regulated
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
Low leverage
Frequent asked questions about InstaForex
Is this broker well regulated？
Yes, it is currently effectively regulated by CYSEC in Cyprus.
Does this broker offer MT4/MT5？
Yes, InstaForex offers both MT4 and MT5 for you to choose from.
2023-03-27 13:47
