Instaforex Review 2025

Instaforex review
Instaforex Awards

Instaforex have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Instaforex below.

• Best Mobile App Award - Forex Traders Summit Dubai - 2024
• The Best Broker in Asia - Show Fx World - 2024
• Most Popular Forex Broker - Smart Vision Investment Expo - 2023
• Best Forex Broker / International Investor Awards 2022
• InstaForex as Most Innovative Forex Broker GBM 2021
• Best Forex Broker Central and Eastern Europe 2020 International Business Magazine
• Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards

Instaforex review
Instaforex Fees Explained

• Instaforex doesn't charge withdrawal fees.
• Instaforex does charge a fee for inactive accounts.
• Instaforex doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Instaforex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Instaforex Costs To Check

Modern brokers like Instaforex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Instaforex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Instaforex trading profitability.

How Instaforex Fees Compare Against Other Brokers

Instaforex Minimum Deposit

Instaforex requires a minimum deposit of 1 GBP/USD/EUR when opening an Instaforex trading account.

A minimum deposit is the minimum amount of money required by Instaforex to open a new online brokerage account with them.

Don't be scared off by brokers like Instaforex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Instaforex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Instaforex Withdrawal Fees

Instaforex doesn't charge withdrawal fees.

Instaforex Withdrawal rules may vary across different brokers when it comes to transferring funds from your Instaforex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Instaforex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Instaforex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Instaforex. Researching and comparing Instaforex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Instaforex funds frequently or dealing with large sums of money. Awareness of these Instaforex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Instaforex funds.

For example, Instaforex allows you to withdraw your funds to Debit Cards, Credit Cards, VISA, MasterCard, Skrill, Bank Wire, PayCo, Bitcoin, Litecoin, Tether, PayLivre (Brazil), Southeast Asia Bank Transfers, Local Transfers, China UnionPay, Skrill, NETELLER, OnlineNaira, Southeast Asia Bank transfers.

Instaforex Inactivity Fees

Instaforex does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Instaforex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Instaforex fees and services. It's recommended that you check the Instaforex website before signing up. If you decide to close your Instaforex account, it's important to do so with the Instaforex broker customer support and obtain confirmation that no remaining Instaforex fees are due.

Brokers like Instaforex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Instaforex Deposit Fees

Instaforex does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Instaforex Commission Fees

Instaforex does charge commission on CFD instruments.

Brokerage firms like Instaforex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Instaforex trading account level held by the trader.

Instaforex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Instaforex terms and conditions to understand the commission fees and any other charges that may apply is essential.

Instaforex review
Trading on Instaforex web platforms and other applications

Instaforex is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

A Instaforex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Instaforex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Instaforex's platforms

Is the Instaforex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Instaforex trading platform to protect you on PC and mobile Instaforex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Instaforex web trading platforms.

Instaforex Trading Platform Options

After logging into your Instaforex account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

Instaforex does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Instaforex gives you.

Instaforex review
Instaforex MetaTrader 4 (MT4)

Instaforex MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Instaforex offers traders comprehensive features and tools to enhance their trading performance. The Instaforex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Instaforex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Instaforex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Instaforex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Instaforex trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Instaforex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Instaforex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Instaforex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Instaforex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Instaforex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Instaforex MetaTrader 4 is compatible with the latest macOS. Instaforex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Instaforex

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Instaforex MetaTrader 4 on iOS Devices

You can download the Instaforex app or trade with Instaforex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Instaforex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Instaforex MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Instaforex offers its clients access to the MetaTrader 4 platform on these devices. With the Instaforex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Instaforex traders to stay on top of their trades and react quickly to changes in the market. With the Instaforex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Instaforex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Instaforex are a powerful bundle of three major indicators designed to help traders make informed decisions. Instaforex MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Instaforex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Instaforex traders to potentially stay one step ahead.

Instaforex MetaTrader 4 Advanced Trading Tools

The Instaforex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Instaforex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Instaforex provides traders with everything they need to succeed. The Instaforex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Instaforex traders to analyze the market at any level of complexity.

Trade Instaforex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Instaforex MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the Instaforex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Instaforex MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, Instaforex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Instaforex users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Instaforex traders can navigate the platform and find the information they need to make informed trading decisions.

Instaforex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Instaforex traders of all experience levels.

Instaforex review
Instaforex MetaTrader 5 (MT5)

Instaforex MetaTrader 5 (MT5) In Detail

Instaforex MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Instaforex MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on Instaforex provides the convenience of using automated trading systems and copy trading, giving Instaforex traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Instaforex MetaTrader 5 WebTrader

Access your Instaforex MetaTrader 5 accounts from any web browser. MT5 on Instaforex features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

Instaforex review
Instaforex MT5 Buying and Selling

Instaforex MetaTrader 5 on iOS Devices

Instaforex MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Instaforex MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Instaforex MetaTrader 5 on Android Devices

The Instaforex MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Instaforex trading server. Take the time to understand all of the Instaforex Android MetaTrader 5 features. With Instaforex MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

Instaforex Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• Instaforex Financial instrument quotes
• View in-depth price charts of financial instruments with Instaforex MetaTrader
• Manage trades and open positions on Instaforex MT4 & MT5
• View your Instaforex trading history
• View market news
• MetaTrader internal messaging on Instaforex
• View and research market statics of Instaforex financial instruments
• Instaforex Position opening and closing
• Lookup symbols in the Instaforex MetaTrader quotes section
• Display of deals on Instaforex graphs
• Instaforex Timeframe selection for graphs and charts
• Additional vertical scaling of Instaforex graphs
• Capability to transfer Instaforex accounts to other devices using QR codes
• Information is available only if it's supplied by Instaforex
• Access the OTP generator through FaceID or fingerprint with Instaforex

Instaforex MetaTrader 5 Advanced Trading Tools

Instaforex MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• Instaforex MT5 Depth of market bids and asks
• Financial Price Data on Instaforex
• Margin Calculation, Futures, Forex on Instaforex
• Advanced Techincal Analysis on Instaforex MT5
• One click trading on Instaforex MT5
• Instaforex Spreads
• Instaforex Futures
• Instaforex Trading Reports

Instaforex Trading benefits

• Instaforex Low min deposit
• Instaforex Offers Negative Balance Protection

Instaforex Trading Accounts Offered

Below we give an overview of the account types that Instaforex offer. Whatever you are looking to trade, the varying Instaforex account types will be able to provide you with what you need.

• Instaforex Demo account
• Instaforex Standard account
• Instaforex ECN account
• Instaforex Islamic account

Can I try Instaforex?

Instaforex provides a demo account that enables individuals to explore trading before investing their funds. By creating a Instaforex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Instaforex demo account can help individuals to make informed decisions before investing their money.

Open a demo Instaforex account to practice and trade.

Your capital is at risk

Instaforex withdrawal and funding methods

It's essential to remember that the payment methods provided by Instaforex vary based on the Instaforex entity and the Instaforex client's country of residence. To view the Instaforex payment options available, you can log into your Instaforex member's area.

Instaforex offers various funding payment methods listed in your Instaforex dashboard if available in your region. To learn more about the Instaforex funding and withdrawal options available in your area, you can explore the Instaforex website.

Instaforex provides several payment methods for funding your Instaforex account. You may utilize any of these deposit options if they are available in your region. Instaforex ensures that users have multiple payment methods to choose from, making it more convenient for verified Instaforex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Instaforex user's location. learn more about Instaforex funding and withdrawal methods.

Instaforex Payment Methods

Some Instaforex payment methods are local and are available only to specific regions. Instaforex account holders should check which payment methods are provided in your region.

• Instaforex accepts Debit Cards
• Instaforex accepts Credit Cards
• Instaforex accepts VISA
• Instaforex accepts MasterCard
• Instaforex accepts Skrill
• Instaforex accepts Bank Wire
• Instaforex accepts PayCo
• Instaforex accepts Bitcoin
• Instaforex accepts Litecoin
• Instaforex accepts Tether
• Instaforex accepts PayLivre (Brazil)
• Instaforex accepts Southeast Asia Bank Transfers
• Instaforex accepts Local Transfers
• Instaforex accepts China UnionPay
• Instaforex accepts Skrill
• Instaforex accepts NETELLER
• Instaforex accepts OnlineNaira
• Instaforex accepts Southeast Asia Bank transfers

How can I start trading with Instaforex?

To open a trading account with Instaforex, individuals can sign up on the Instaforex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Instaforex account validation and making a deposit. Once completed, Instaforex users can download the trading platform of their choice.

It's important to note that Instaforex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Instaforex maintain a trustworthy financial environment for its 7,000,000 users. Detailed information on the Instaforex trading platforms is available on their website.

Your capital is at risk

Performing trades with Instaforex

When using Instaforex, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Instaforex have a max trade of varies. By offering ECN execution, Instaforex provides traders with tighter spreads and increased transparency regarding trade pricing. It's worth noting that ECN accounts typically come with a commission fee and tend to be favoured by traders who use high-volume strategies, such as scalpers and those utilizing automated trading.

Like other brokers, Instaforex margin requirements can differ depending on the traded instrument.

CFD Trading on Instaforex

We will show you an example of the basics of using Instaforex leverage.

CFD trading on Instaforex allows traders to speculate on the price movements of various financial instruments against the broker Instaforex, without actually owning real assets. With CFDs, Instaforex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Instaforex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Instaforex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Instaforex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Instaforex leverage magnifies both profits and losses in trading.

Trading CFD trades on the Instaforex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Instaforex traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with Instaforex Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like Instaforex. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Instaforex trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Instaforex trading losses are always limited to the current balance of funds in the trader's account.

Even if an Instaforex trader experiences a significant loss, they will never owe more money than what is available in their Instaforex account balance.

It's important for Instaforex traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Instaforex losses are limited to the funds available in your Instaforex account when negative balance protection is in place.

Education Resources at Instaforex

Instaforex offer educational resources which include Webinars, Analytical Reviews, News. Please bear in mind that these resources provided by Instaforex do not guarantee any results when trading. When we checked on the Instaforex website, these educational resources were not available in every language. Also some financial instruments mentioned in any Instaforex educational resources may not be available in your region.

To trade effectively with Instaforex, it's important to have a good understanding of the Instaforex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Instaforex and externally.

Instaforex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Instaforex. Familiarizing yourself with the Instaforex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Instaforex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Instaforex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Instaforex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Instaforex. Explore the Instaforex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Instaforex, before live trading.

Customer Support at Instaforex

As part of our Instaforex review, we review customer service options, response times and problem resolution effectiveness on the Instaforex trading platform. The Instaforex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Instaforex Available Support Types

Based on our experience, we have given Instaforex a D grade for customer support. We encountered some slow response times or Instaforex queries that were left unanswered.

Compared to other brokers, Instaforex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Instaforex

Our team tested the live chat support of Instaforex and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Instaforex support services in various countries and languages and found that Instaforex were able to effectively resolve our customer issues.

Email Support at Instaforex

We tested the email support of Instaforex by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Instaforex response.

The Instaforex team did resolve and answer our queries, but the email support from Instaforex was overall average compared to other brokers we have tested.

Phone Support at Instaforex

We contacted Instaforex via phone and received quick assistance within 10 minutes of our call.

The Instaforex phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Instaforex and found that they could assist us in various languages.

While we found the Instaforex phone support satisfactory, there is room for improvement in response time.

See how Instaforex Support Compares Against Other Brokers

What you will need to open an account with Instaforex

As Instaforex is regulated by Cyprus Securities and Exchange Commission (CySEC) (266/15), FMA (Finanzmarktaufscicht), HANFA (Hrvatska Agencija Za Nadzor Financijskih Usluga), CNB (Czech National Bank), FSA (Finanstilsynet), FI (Finantsinspektsioon), REGAFI (Autorité des marchés financiers) (75426), BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) (146395), Greece (Επιτροπή Κεφαλαιαγοράς), MNB (Magyar Nemzeti Bank) (K8801964), Ireland (Central Bank of Ireland), CONSOB (Commissione Nazionale per le Società e la Borsa) (4281), FCMC (Finanšu un kapitāla tirgus komisijas) (NCB 373), LB (Lietuvos Bankas), CSSF (Commission de Surveillance du Secteur Financier), MFSA, AFM (Autoriteit Financiële Markten), FSAN (FINANSTILSYNET) (FT00091066), KNF (Komisja Nadzoru Finansowego), CMVM (Comissão do Mercado de Valores Mobiliários), ASF (Autoritatea de Supraveghere Financiară) (6/09.02.2016), NBS (Národná banka Slovenska), ATVP (Agencija za trg vrednostnih papirjev), CNMV (Comisión Nacional del Mercado de Valores) (4058), FI (Finansinspektionen) (FI identification number: 38383).

As a new client of Instaforex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Instaforex in your region. During the Instaforex account opening process, you will be asked to provide Instaforex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Instaforex have the following documents available.

• Instaforex require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Instaforex compliance. This must be dated within the last six months.
• If you plan to fund your Instaforex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Instaforex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Instaforex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Instaforex's platform.

However, remember that you won't be able to make trades on Instaforex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Instaforex KYC compliance process as soon as possible to avoid any delays in accessing the Instaforex platform's features.

It is important to note that Instaforex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Instaforex platform and features immediately. However, you must pass the verification process to start live trading with Instaforex, which can take up to a few business days.

To start the process of opening an account with Instaforex you can visit the Instaforex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.instaforex.eu/ on November 18, 2024.

Watch this Instaforex Explainer Video

Instaforex review written by Andrew Blumer and Mark Hansen