Our Review of InstaForex
InstaForex Companies Group
FOREX is one of the fastest ways for anyone to make money in the trading game, and it boasts numerous advantages over traditional stocks and futures. The FOREX market has more traders around the world with billions of dollars in currencies being traded every day. This results in an extremely liquid market, making it very easy to get in and out of trades, even large ones. Other advantages of the FOREX market are the ability to trade around the clock and the fact that, unlike day trading stocks, beginner traders do not need a large trading account to start.
InstaForex Company is an online FOREX trading platform catering to beginner and seasoned FOREX traders alike. Its state-of-the-art trading software, high commissions, high leverage, and responsive customer support make it an attractive option for anyone wanting to make the most of the lucrative FOREX trading game.
InstaForex was founded in 2007 and has experienced rapid growth since its inception. The company has been a pioneer in developing new trading software designed to make the trading experience easier and more profitable for its customers. Currently, InstaForex Company has more than 250 offices worldwide, most situated in Asia where the company has been awarded Best Broker in Asia by World Finance Media for three years running. InstaForex‘s core values are transparency, competence, and a personal approach to trading.
InstaForex offers several trading account options based on traders’ individual needs.
Insta.Standard accounts operate using standard trading terms and no fees. Traders pay only a fixed spread on trades. This is the most versatile account type as leverage and deposit size — which can be as little as $1 — can be changed at any time.
Insta.Eurica accounts are similar to Insta.Standard accounts but there is no spread on trades. The bid price always equals the ask price. This account type is great for newbies because it is one less thing they have to take into consideration when deciding to execute a trade.
Cent.Standard and Cent.Eurica accounts are the true beginner accounts with small lot sizes designed to minimize risk for novice traders.
Commissions and Spreads
The company does not charge any commissions on trades and the spreads are a fixed difference between bid and ask price.
InstaForex uses MetaTrader 4, the most advanced trading platform on the market. This software enables users not only to execute deals but run technical analyses, test trading systems, track currency pairs, and much more.
Deposits and Withdrawals
InstaForex offers a secure platform on its web site for funds to be deposited into and withdrawn from a trader’s account. This area is protected by a password as well as a PIN code.
InstaForex’s customer support is world class. Support specialists are available 24/7 not only for live traders but for demo traders as well. Politeness and effectiveness are the company’s customer service goals.
Regulations and Safety
The company adheres rigidly to all trading regulations and employs multiple steps and layers designed to keep customers’ accounts and funds safe at all times.
Leverage is the ability to control a lot with a little. One of the biggest benefits of FOREX over other types of trading is that new traders can begin with a very small capital outlay, which can be leveraged for much greater buying power. InstaForex users can choose their leverage, from 1:1 to 1:1000.
Sign Up Bonuses
InstaForex offers several “welcome bonus” options including bonuses on deposits, bonuses for high trading activity, and “one off” bonuses for new customers.