What is InstaForex？
InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.
In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
Regulatory Status
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which oversees its operations within the financial markets.
The firm operates under a Market Making (MM) license, specifically designed for entities that provide liquidity by buying and selling financial instruments. InstaForex's license number with CySEC is 266/15.
Market Instruments
InstaForex offers a diverse range of trading products including Currencies, Shares, Indices, Commodities, and Cryptocurrencies. The accounts associated with the MT4 platform support over 260 different trading instruments, while those linked to the MT5 platform provide access to more than 2500 trading instruments. This extensive selection allows traders to diversify their portfolios and explore various markets using platforms that best suit their trading needs.
Spreads and Commissions
The details about the spreads and commissions for trading with InstaForex are clearly outlined within the account settings. For MT4 accounts, all spreads are floating, while MT5 accounts feature raw spreads.
MT5:
- Synthetic Shares: 0% commission.
- Shares and ETFs: Low commission of 0.01%~0.04%.
- IPOs: Also attract a commission of 0.01%~0.04%.
- Indices: Extremely low commission rate of 0.0015%~0.0025%.
- Commodities: Commission set at 0.02%~0.05%.
- Forex: No commission charged, allowing for cost-effective currency trading.
- Cryptocurrencies: A modest commission of 0.05%, facilitating access to digital asset markets.
MT4:
- Shares: 0.04~0.11 commission
- Indices: 0.25~0.95 commission
- Commodities: 0.024~0.027 commission
- Forex: 0.00003~0.00010 commission
- Cryptocurrencies: 0.05%~0.1%
InstaForex Accounts Review
InstaForex offers three account types for both MT4 and MT5 platforms: ECN, ECN PRO, and ECN VIP, each with varying minimum deposit requirements. The accounts linked to MT4 have a lower entry threshold starting from 200 EUR, but they support only over 260 trading instruments. In contrast, the accounts associated with MT5 require a higher minimum deposit of 1000 EUR; however, they provide access to a broader range of over 2500 trading instruments.
Notably, only the MT4 ECN account does not support VPS (Virtual Private Server). This structure allows traders to choose an account that best fits their trading needs and financial capacity.
Trading platforms
Regarding trading platforms, clients have the option to utilize the industry-leading MetaTrader4 and MetaTrader5, both of which are accessible on any device. Traders who require flexibility can download the desktop versions of MetaTrader4 and MetaTrader5, use them directly in web browsers, or download the mobile apps for trading on-the-go, ensuring convenience and efficiency.
However, if you are uncertain about which platform to choose, our team has prepared a detailed article for your reference. This article explores the similarities and differences between the two platforms and provides specific recommendations to help you make an informed decision.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by InstaForex
InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit & withdrawal Methods and Fees
InstaForex also supports familiar payment methods including VISA, MasterCard, Bank Wire, Skrill, and Neteller.
Educational Resources
InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.
Customer Support of InstaForex
InstaForex provides diverse customer support through multiple channels, ensuring that clients can receive assistance at any time.
- Communication Channels:
- Callback Service: Clients can fill out a form specifying their country, preferred language, and desired callback time. InstaForex will then contact them according to their preferences, free of charge.
- Live Chat and WhatsApp: These instant messaging options allow for real-time communication with support staff.
- Email: Clients can reach out via email at support@mail.instaforex.com for assistance.
- Social Networks: InstaForex is active on several social media platforms including Facebook, Twitter, YouTube, Telegram, and Instagram, providing updates and support.
- Service Hours: Customer support is available 24/7, catering to the global needs of its clients.
- Languages: The website supports sixteen different languages, making it accessible to a diverse international clientele.
Frequent Asked Questions about InstaForex
Is this broker well regulated？
Yes, it is currently effectively regulated by CYSEC in Cyprus.
Does this broker offer MT4/MT5？
Yes, InstaForex offers both MT4 and MT5 for you to choose from.
2024-07-11 09:44
2024-07-03 17:14
