The company was established in 2007. Currently it has more than 1000,000 customers and more than 300 daily new sign-ups. The broker offers first-rate online trading services.
It is an ECN broker with the licenses on Brokerage, Dealing and Capital Management issued by The Federal Financial Markets Service in November, 2008. It is a member of the FSA and the FFMS. In other words it is a reputable and reliable provider of the forex trading services.
The trading services are delivered by the most accredited trading platform today – MetaTrader 4 and more recently MetaTrader 5 .
The trading terminal is free including MultiTerminal and Mobile version for Windows Mobile. The InstaForex trading terminal is also available for iPhone and iPad. There are Blackberry, Android and Web Versions of InstaForex as well. The broker offers quotations for the major currency pairs, crosses, world stock indexes, technical and fundamental analysis, as well as the latest news and reviews and trading forum. We are talking about 107 currency tools, 34 CFD contracts on American shares and GOLD transactions. The spreads are as low as 2 pips on majors.
Recently the number of customers of InstaForex reached half a million and it is not a joke. During the last several years InstaForex has introduced new technologies, systems and promotions such as The ForexCopy System , MT5 Trading, Free Devices and many others. They also offer binary options, PAMM and of course a variety of contests, awards and bonuses.
Minimum deposit requirement is $1. You can choose any leverage from 1:1 up to 1:1,000 depending on the risk management strategy you use when trading. Before trading for real, you can practice with unlimited demo account.
Payment methods include: Webmoney, e-Gold, RuPay, Pay-pal, e-Bullion, Moneybookers, Yandex.dengi, Rubles Bank, WireTransfer. You can also sign up for pre-paid Instaforex MasterCard(see InstaForex MasterCard For Free). The card provides withdrawal of the funds directly to and from your InstaForex trading account within 24 hours.
This accounts are for standard trading on Forex market, and work without a fee. Once a trader gets an access to the trading tools he/she pays a fixed spread when setting a deal.
Insta.Standard accounts are available all types of traders and allow for a deal to be settled with a classical spread and no fee. The main advantage of this account is its flexibility. At any time the forex trader can change the trading leverage and work with any deposit rate. The account allows trading with Micro Forex ($1-10), Mini Forex (minimum deposit of $100), and Standard Forex (minimum deposit of $1,000).
This is a zero spread account, however to open a deal, a trader pays a fixed fee, which equals 0.02 – 0.07% of the contract trading volume. The BID price is always equal to the ASK price.
Instaforex recommends this account to beginners of forex since it is not necessary to take into consideration the spread in case of pending orders usage: a pending order is executed right when the price reaches its value if the spread equals to 0.
Cent.Standard and Cent.Eurica Accounts
Cent.Standard and Cent.Eurica account types are designed for beginners of forex and for those clients who just learn trading. They often need an access to the minimal deal volume as possible. On these accounts Micro Forex is available with the lot volume 0.0001 of the market lot (the lot cost is 0,1 US cent). This account makes it possible to practice almost without any risks for deposit even when the markets are volatile. It is also match for those who trying forex trading strategies with minimal risks using the deal advantage from 0.0001 lot.
Instaforex introduces the EQUAL swap system with sell and buy deals. The swap-accrual in a BUY deal is always equal to the swap-accrual in a SELL deal. The broker doesn't take the commission for the swap, therefore traders don’t overpay, holding the deals more than several hours - in case, when opened positions with a currency instrument are opened by midnight.
InstaForex offers traders consultations on hedging and implementation of the business plan aimed at hedging assets.
Customer and technical support is available 24/7. Even while practicing with demo account, you can count on expert advice and get answers to all the questions you may have, until you become experienced enough to start working with a real account.
InstaForex offers Welcome Bonus of two types:
To receive the fixed Welcome Bonus (30/110/200/1000/5000 USD) you need to activate your trading account’s depositing.
The floating Welcome Bonuses are added according to the replenishment of the balance through the payment systems. The floating welcome bonus equals to 30% regardless of the payment method.
In addition to bonuses, InstaForex regularly holds different contests and campaigns with annual prize fund for more than 500,000 USD.
InstaWallet New Service
The company presents a new technical facility called InstaWallet. Any trader having a trading account with InstaForex can open a bound to it wallet. With InstaWallet service you can: transfer the money from the trading account to the wallet and vice versa, transfer the money from your own account to the wallet of the trader-partner, receive funds from other InstaForex traders.
To summarize, the following key features are given below:
Trading Platform : MetaTrader 4 and 5
Established : 2007
Accounts : Demo, Mini, Micro, Standard, Eurica, Cent Accounts
Bonus : up to $5,000, welcome bonus: 30% on each deposit
Demo Account : Yes (unlimited time)
Min. initial Deposit : $1
Payment Options : Webmoney, e-Gold, RuPay, Pay-pal, e-Bullion, Moneybookers, Yandex.dengi, WireTransfer
Spread : from 2 pips
Max. Leverage : 1:1,000
Currencies : 107
Extra Fee : None
Languages: English, Russian, Indonesian, Malaysian, German, Chinese, Iranian, French, Arabic, Portuguese, Latvian, Georgian, Turkish, Thai, Romanian, Azerbaijani, Japanese, Spanish, Indian, Lithuanian, Polish, Slovakia, Czech, Italian, Pakistani