The broker has an in-house team of 30 experts who analyse the markets on a daily basis and provide very detailed reports including write ups with annotated charts. Reading through some of them, I was really impressed with how accurate and professional the write-ups were. I was even inspired to look for some trading opportunities based on the analysis provided. There is a TV section that is updated daily and has a very good variety of news, analytical materials and interviews.

Pros & cons of InstaForex account types

1. On both demo and real accounts, you may trade over 300+ instruments using any browser and the operating system powered by Windows, Mac, or Linux.
2. Depositing funds via payment terminals and in cash via a courier/dealer at a subway station is a rather rare method.
3. This account’s adaptability allows for strategic changes without incurring extra transaction costs.
4. My custom EA working them perfectly and making profit constantly without any problem.

In order to add them to the list of displayed assets, you need to press + at the top of the interface. The platform in itself is quite xcritical website interesting, as it provides an option to combine cryptocurrency asset trading with Forex and other instruments. Classic panel (opens by default) shows a consolidated table of instruments. Noteworthy, you can see the xcritical balance of open long/short positions on each instrument. This statistics is based on the data on Instaforex customers’ positions.

Geography of broker’s customers

I personally like the Eurica account as it has the lower spreads which is important for my scalping strategies. Generally speaking, I find the accounts to be sufficient and the spreads/fees not that different to what you will find elsewhere. Unless you are trading very large volumes, then the difference should not be that significant. If that is the case, you may want to look at IG who have great facilities for institutional size trading volumes.

Their MT4 platform has many analytical tools and indicators and I can monitor all signals and market updates too. I can be dealing perfectly, which helps me to go right trends. Many professional traders are dealing with themselves too and I can follow these traders by the PAMM or Forexcopy system. Traders can access up to tens of thousands in virtual funds to practice trading.

Demo Account

The main platforms that traders can install on their personal computers are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The final step is to make a deposit to be able to start placing orders. There are various deposit and withdrawal options available, including Visa, Mastercard, bank transfer, Neteller, Skrill, AstroPay, crypto, PayCo, and Africa Online Transfers. Online banking and credit card options are mostly instant, however, bank transfers might take a couple of business days to clear. It should be noted that withdrawals usually take several days to complete. The broker provides a copy trading service, allowing users to duplicate experienced traders’ positions straight into their accounts.

Let’s compare how much a trader will actually have to pay for a CFD trade on different types of assets on Instaforex, XTB and Forex Club at the value of the lot at USD 5,000. We included all commissions and spreads of the brokers in the table below. Instaforex is a broker that has been providing access to Forex and CFD markets since 2007. The broker is headquartered in Kaliningrad, Russia, but operates on the licenses of the regulator of the British Virgin Islands. Notable, for many years, the company has called itself The Best Forex Broker in Asia.

InstaForex offers multiple deposit options including Bank Transfer, eWallets, and Bitcoin. InstaForex offers its proprietary trading platform in addition to MetaTrader xcritical scam 4, MetaTrader 5, and MultiTerminal. InstaForex offers various bonuses including the 100% Bonus, 55% Bonus, 30% Bonus, and Club Bonus, each with different terms and conditions. Bonuses vary in size and conditions, allowing traders to choose the option that best suits their needs. Additionally, InstaForex runs a monthly promotion called “Chancy Deposit,” where topping up an account with at least $3,000 enters traders into a prize fund of $50,000.

Overall I have a good experience with them and I will continue using this broker. I began trading at Instaforex three years ago and this is my first ever broker. This was recommended to me by a colleague who was also trading and since I’ve had my interest on this kind of investment, I gave it a try.

Here, you can read reviews and keep an eye on financial news from the best people in the foreign exchange market. You will get updates on fundamental and technical analysis’ on money market instruments by InstaForex’s chief strategist. InstaTick Trader is an internal trading platform created by InstaForex.

My personal favorite is the mobile platform as it is handy and is efficient to use. Even back when I was only trading on their demo account, they already treated me like a real client. They referred me to lxcriticalg materials that are open for non-clients and it helped me improve on my skills. Later on, I opened a real account and their great services did not degrade at all. Trading with them is great as I get no technical interruptions. After making a deposit at Instaforex, I was able to immediately start my trading activities.

InstaForex offers Islamic swap-free trading on both Standard and Eurica trading account levels. InstaForex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The platform provides access to over 300 trading instruments, covering several asset classes to suit various trading strategies.

Other withdrawal modes incorporate variable bank fees, system fees, or transaction fees. The first step to take is to register as a trader with InstaForex. To do so, press the “Login” button from the broker’s home page and then press register. The registration process is simple and all you need to do is to provide some personal details about yourself to the broker.

This testifies that we are dealing with the European branch of the broker, which is regulated on Cyprus. I invested $1300 a few months ago and lost $300 dollars through my own fault. I trade with InstaForex through a mobile application, it’s very convenient. I believe that it is actually on par with the desktop version.