InstaForex Broker is trustworthy
InstaForex experiences - test report for professional Forex brokers
- Account from: 0 €
- Costs: A +
- Min. Trading amount: 0,01
Forex broker InstaForex in the test - My InstaForex experiences
The online broker InstaForex has enabled private traders to participate in lucrative Forex trading since 2007. Just four years later, 300,000 dealers from more than 50 countries had already registered. According to the company, there are around 300 traders added every day. The website is available in more than 20 languages, including German. In addition to foreign exchange, InstaForex CFDs and commodities are also traded. One of the special features of the broker is a exceptionally high leverage of 1: 1000. There is also one very low minimum deposit of only 1 euro. Reason enough than to subject the forex broker to a more detailed test.
The most important facts about InstaForex at a glance:
- Extraordinary leverage of 1: 1000 possible
- As an ECN broker, InstaForex also offers trading without a spread
- More than 100 currency pairs tradable
- Own Mastercard for quick payout of winnings
- Attractive bonus offers for new and existing customers
Screenshot of the InstaForex website.
Trading with MetaTrader 5
InstaForex relies on the proven MetaTrader 5 for trading. This means that registered customers get what is probably the best and latest software at all. The MetaTrader 5 On the one hand, it shines with its intuitive operation, which is particularly useful for beginners. At the same time, the software offers a wealth of functions that are also aimed at professional traders.
At InstaForex you can already trade with the new MetaTrader 5.
In the InstaForex test, the software was able to execute a fast order, among other things. For this, the software offers an effective "One-Click Trading" at. In addition, users can set eight different time windows. Experienced traders have the opportunity to create their own indicators. MetaTrader 4 also supports automated trading.
As an alternative, InstaForex recently started offering a web-based trading platform. This means that traders can access their trading account from any PC with internet access. The WebTrader can be used with all trading accounts. In addition, traders get access to all trading options of InstaForex.
Bonus and promotions at InstaForex
One of the plus points in the InstaForex test is certainly the large number of bonus offers. Both new and existing customers can benefit from these. New customers are currently receiving one 30 percent bonus on the first deposit. This is not limited in height. For every further deposit there is another 55 percent bonus at InstaForex.
Numerous bonus offers from InstaForex.
Customers who are members of the Instaforex Bonus Club receive additional bonuses of up to 15,000 euros, depending on their turnover. Thanks to the Lucky Trader Promotion, even demo account holders can benefit from attractive bonuses. The best trader is rewarded with cash prizes, which can then be invested directly in real orders.
Different trading accounts to choose from
The forex broker offers different account models upon registration. These differ primarily in the calculated spreads.
Standard trading account from InstaForex
With the standard account, traders can use the entire trading offer of InstaForex. Traders pay a fixed spread, which is usually the case in the majors at 3 pips lies. This means that InstaForex is at an average level in a broker comparison. The big advantage of this account model is its flexibility. Traders are free to choose the level of leverage and the specified margin at any time.
The following options are available for the margin:
- Micro Forex (deposit 1-10 euros)
- Mini Forex (deposit 100 euros)
- Standard Forex (deposit 1,000 euros)
Eurica trading account from InstaForex
With this account model, traders can trade without a spread. BID and ASK prices are therefore always the same. In my InstaForex test, however, it happened that the suggested price differs from the BID by half a standard spread. After asking the customer service, I was informed that this is due to the technical features of MetraTrader.
Cent.Standard and Cent.Eurica trading accounts
The Cent.Standard and Cent.Eurica accounts are primarily aimed at beginners. They can trade here with a very low minimum stake. The Micro Forex available for these accounts with a lot size of 0.0001 of the market lot (the point price is 0.1 US cents) makes it possible to to trade with almost no margin. As far as the trading conditions are concerned, there is no difference to the account models already presented.
For experienced traders, I recommend opening an Insta.Standard or Insta.Eurica account. There is no limit to the size of the maximum margin. The The limit here is 10,000 lots.
Open a trading account with InstaForex now
The InstaForex website is also available in German, but the translation is still a bit bumpy here and there. In addition, some areas such as promotions are currently only available in English. So that the first steps at InstaForex are successful, I have created a small guide. Simply follow the individual steps and you can start trading soon.
Step 1: The registration is somewhat hidden on the InstaForex website. Here you have to scroll down a bit until you get to the "Open Trading Account" button.
Step 2: Before opening an account, the InstaForex terms and conditions must first be accepted. If you want to read it through in peace, you can also download it. This also makes perfect sense, since the conditions are unfortunately only displayed in English. The broker should change this as soon as possible.
Step 3: As soon as the conditions have been accepted, you can go straight to the online form. The first step here is to specify whether you are registering as a private person or as a company. An email address is also required.
Step 4: In the further process, the name, address, date of birth and telephone number are entered.
Step 5: The next step is to set a password for logging in. A special password is also required for telephone support. In the further process, the desired account model and the currency are selected. This setting is important as it can no longer be changed later. Traders can also set the desired leverage here. However, this can be changed again at any time.
Step 6: The trading account is then opened and a first deposit can be made. InstaForex offers a large number of transfer methods for this. In addition to the classic credit cards and bank transfers, this also includes various e-wallets such as Skrill or Neteller. Ukash prepaid cards are also accepted and you can even deposit with Bitcoin.
InstaForex enables social trading
Since 2012, InstaForex customers have been able to easily copy trades from other traders. The broker offers the ForexCopy feature for this purpose. This is very similar to eToro's CopyTrader. Copied traders can make money by being followed by other traders. It is therefore twice as worthwhile to place successful trades with InstaForex.
In terms of the remuneration model, retailers can choose between three different models:
- Fixed commission per day
- Commission per copied trade
- Profit sharing in the copied trades
The system of InstaForex offers in terms of remuneration maximum transparency. In this way, the models can be set individually for each trade. Forex Copy is really a very interesting tool with which you can earn some extra euros. And the whole thing without any risk.
Forex trading metrics
Risky traders can look forward to a maximum leverage of 1: 1000 at InstaForex. There is currently no similar leverage effect with any other forex broker. Of course, such a high leverage should always be used with caution. If the trade does not go as desired, the whole thing can quickly turn into the opposite.
The lowest margin is 0.1 percentwhich is especially useful for beginners. InstaForex can therefore be used to trade with very low stakes. The spread for the majors is around 3 pips. However, this always depends on the amount of the deposit. The more that is deposited, the lower the spread becomes. This can be pressed to a maximum of 1 pip. However, this would be one Deposit of 100,000 euros required.
With over a hundred currency pairs, the trading offer at InstaForex is extremely extensive. Trading in CFDs and raw materials is also possible at InstaForex. The selection is particularly generous when it comes to raw materials. For example, cotton or coffee can also be traded.
Additional offers from InstaForex
As an additional offer, the Forex Broker offers its own MasterCard. With this, the winnings can be paid out in a particularly uncomplicated manner. In addition, these can then be withdrawn immediately at an ATM. Fortunately, the range of training courses on offer at InstaForex is very extensive. For example, there are tons of video tutorials and training courses.
Anyone who would like to find out more about the services and trading opportunities at InstaForex can also open a demo account. This is completely free and does not involve any obligations. With the demo account, both MetaTrader and the web-based platform can be fully tested. In addition, the entire range of retailers is available for this.
The customer support from InstaForex
At InstaForex, support from Germany is provided from Russia. Therefore, unfortunately, no German-speaking support is to be expected. The numerous contact options are one of the positive InstaForex experiences. Support can be reached by phone, live chat, Skype or Yahoo Messenger, among other things. Of course, inquiries can also be made in the classic way by email. However, the processing time of around 24 hours is a bit long compared to other providers. There is also a FAQ area at InstaForex, albeit only in English. However, it can easily answer the most important questions.
Conclusion to the InstaForex test - my InstaForex experiences
With a few exceptions, the InstaForex test was quite positive. I find the website a bit overloaded and sometimes poorly translated. However, this has no negative effects on trading. Of course, the maximum leverage of 1: 000 is outstanding. The trade offer is very good and the conditions are also quite impressive. So it is definitely worth taking a look at InstaForex.
Questions & Answers about InstaForex
Where is the broker headquartered?
InstaForex is headquartered in Cyprus.
Is InstaForex a regulated broker?
Yes, InstaForex is regulated by the CySEC.
Can I test trading at InstaForex in advance?
Yes, InstaForex provides a free demo account.
Which trading products does InstaForex offer?
At InstaForex you can trade Forex and CFDs, among other things.
For experienced traders, high leverage is an advantage. However, not only the advantages but also the dangers should be considered. The possibilities of loss are very strong here.
- Account from: 0 €
- Costs: A +
- Min. Trading amount: 0,01
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