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InstaForex
Unregulated
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InstaForex

British Virgin Islands
2007
2
2.58
Rating Index
Software
7.53
Licensed
0
Risk Control
2.97
Experience
8.21
Institution
0
Industry Classification
D
Unqualified
Trading Platforms
MetaTrader 4, WebTrader, PAMM, ForexCopy

Basic Information

  • Registered Region
    British Virgin Islands
  • Operation Status
    Normal
  • Operating Period
    2007
  • Deposit Methods
    Bank Transfer, Credit/Debit Cards, Crypto (Bitcoin, Ethereum, etc.)
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
    English
    Russian
  • Main Business
    FX, commodities, digital assets, stocks, indices, CFDs
  • Business Type
    FX broker
  • Social Media
  • Contact Details
  • Type of Accounts
    Standard, Micro, ECN, Swap-free
  • Trading Platforms
    MetaTrader 4, WebTrader, PAMM, ForexCopy
  • Withdraw Methods
    Bank Transfer, VISA, MasterCard, Neteller, Skrill
  • Auto Trading
    EA and CopyTrade supported

Pros and Cons

Pros include a low minimum deposit of $1 and a wide selection of trading instruments with leverage up to 1:1000. However, there are significant cons such as the lack of a verified regulatory body and the risk associated with its clone status. Additionally, spreads for indices can be relatively high, starting at 1.5 pips.

Company Background

InstaForex was established in 2007 and is registered in the British Virgin Islands (BVI). It offers a wide range of trading instruments, including Forex, commodities, cryptocurrencies, stocks, and indices. The broker caters to both novice and experienced traders, providing a robust trading environment.

Fund Security

As InstaForex operates under the jurisdiction of the BVI, it lacks strong regulatory oversight. The firm is registered with the Financial Services Commission (FSC) as a "suspicious clone," raising concerns over its fund security and regulatory integrity; the license is noted as unverified.

Account Opening

Account types offered by InstaForex include Standard, Cent, Islamic, and ECN accounts, targeted at various trading strategies. The minimum deposit to open a standard account is $1, which is accessible for most traders. The platform also provides a demo account for practice trading.

Trading Fees

InstaForex does not charge commissions but has variable spreads. For Forex, spreads can start from 0.0 pips on ECN accounts, while for indices, spreads start at 1.5 pips, which could pose challenges for cost-sensitive traders.

Trading Instruments

The broker offers over 300 trading instruments which include Forex, commodities, indices, shares, and cryptocurrencies. These cover a diversified market spectrum allowing traders to manage their portfolios effectively.

Trading Technology

The main trading platform is MetaTrader 4, known for its stability and reliability. InstaForex also provides WebTrader options for less complex access and functionality, catering to both casual and professional traders.

Research and Education

InstaForex provides a variety of educational materials and resources to assist traders in advancing their knowledge and trading abilities, enhancing their trading strategies and decision-making processes.

Customer Support

Customer support is available 24/7 through various channels, including email and live chat. They also provide assistance in multiple languages, although specifics on language support are not disclosed.
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Rating Instructions
Rating Index
InstaForex
InstaForex
Unregulated
Legal Environment
7.53
License Value
0
Risk Management
2.97
Investor Protection
8.21
Regulatory Policy
0
  • Software

    Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.

  • Institution

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  • Licensed

    Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.

  • Risk Control

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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