FOREX BROKER REVIEW - InstaForex

 
  1. The foreign exchange market or Forex is a global decentralized market for trading currencies.

     
    INSTAFOREX
    Regulation: RAFMM, The Federal Financial Markets Service
     Accepts US Clients:
     No Min. Deposit: $1
     Leverage: 1000:1 
    Platforms: MetaTrader4, MetaTrader5 
    Overall Rating:4.3 / 5 (Based on 13 User Reviews) 

    InstaForex is a Russian owned and regulated broker that offers clients a range of currencies, CFDs, options and copying trading services.

    Traditionally InstaForex has been more geared towards the Eastern European and Asian client base. Whilst there are no geographical restrictions, there may be cultural ones.

    If you’re used to a clean, simple interface, InstaForex can seem a bit overwhelming at first. I felt the web interface had a busy and crowded layout, in places filled with a bewildering array of widgets, menu options, buttons and flashing banners ads.

    On a personal level, I also thought many of the website’s forms and written guides were particularly difficult to understand.

    It looks as if the textual content has been automatically translated into English from Russian.

    Basic information about InstaForex

    Website
    Type
    ECN and MM accounts available
    Regulated by
    BVI
    Country
    Russia
    Established in
    2007
    Live chat
    yes


    Trading terms

    Commission (pips)
    0.00-7.00
    Fixed spread
    yes
    Variable spread
    yes
    Spread on majors (pips)
    0.0-3.0
    Leverage
    1000:1
    Minimum deposit (USD)
    1
    Minimum trade size (USD)
    100
    Permits scalping
    yes


    Available features

    Number of currency pairs
    121
    Precious metals (gold & silver)
    yes
    Oil
    yes
    Stocks, Indices, and/or CFDs
    yes
    Hedging
    yes
    Trailing stop
    yes
    Free automated trading
    yes
    MetaTrader 4
    yes
    Mobile trading
    no


    Forex account

    Demo account
    yes
    Interest on unused balance
    yes
    Islamic swap-free accounts
    yes
    Segregated accounts
    yes
    Accepts U.S. citizens
    no
    Payment by Bank wire
    yes
    Payment by Credit card
    yes
    Payment by PayPal
    no
    Payment by check
    no
    Payment options
    Alertpay, EuroGoldCash, Liberty Reserve, Moneybookers, Pecunix, Qiwi, RBKMoney, WebMoney