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InstaForex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-03-04 21:28

Abstract：InstaForex was founded in The Virgin Islands in 2007, offering trading on forex, CFDs, indices, futures, and cryptos with leverage up to 1:1000 and spread from 3.0 pips on MT4, MT5, MultiTerminal, Web Platform, Mobile Trader trading platform. The minimum deposit requirement is $1. Besides, USA residents are not allowed.

InstaForexReview Summary
Founded	2007
Registered Country/Region	The Virgin Islands
Regulation	FSC (Suspicious clone)
Market Instruments	Forex, CFDs, indices, futures, cryptos
Demo Account	✅
Leverage	Up to 1:1000
Spread	Floating around 3.0 pips
Trading Platform	MT4, MT5, MultiTerminal, Web Platform, Mobile Trader
Minimum Deposit	$1
Customer Support	Facebook, X, Instagram, Telegram, Youtube
	Live chat, contact form, 24/5 customer support
	Tel: +9718000321266
	Email: support@mail.instaforex.com
	Address: 27th floor, The Prism Tower, Business Bay, Dubai, UAE
Regional Restrictions	USA

InstaForex Information

　　InstaForex was founded in The Virgin Islands in 2007, offering trading on forex, CFDs, indices, futures, and cryptos with leverage up to 1:1000 and spread from 3.0 pips on MT4, MT5, MultiTerminal, Web Platform, Mobile Trader trading platform. The minimum deposit requirement is $1. Besides, USA residents are not allowed.

Pros and Cons

Pros	Cons
Free $1,500,000 demo money	Suspicious clone license
With demo account	Regional restriction
Long operation time	Commission fees charged
Various contact channels
Various trading products
Four types of accounts
MT4/MT5 platform
Low minimum deposit of $1

Is InstaForex Legit?

　　InstaForex is licensed by FSC to offer services. Its license number is SIBA/L/14/1082. But the current status is suspicious clone.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	British Virgin Islands Financial Services Commission (FSC)	Suspicious Clone	Instant Trading Ltd	Retail Forex License	SIBA/L/14/1082

What Can I Trade on InstaForex?

　　InstaForex provides a wide range of trading products such as forex, CFDs, indices, futures, and cryptos.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Indices	✔
Cryptos	✔
Futures	✔
ETFs	❌
Bonds	❌
Stocks	❌
Commodities	❌

Account Type

Account Type	Minimum Deposit
Insta.Standard	$1
Insta.Eurica	$1
Cent.Standard	$1
Cent.Eurica	$1

Leverage

　　InstaForex offers flexible leverage options, varying by deposits (1:1-1:1000). It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

InstaForex Fees

　　Trading Fees

　　InstaForex offers flexible commission options, varying by trading instruments type. Insta/Cent Eurica Account charges fees of about 0.03%-0.07%, while Insta/Cent Standard Account does not charge fees.

　　InstaForex Spreads

　　Insta/Cent Standard Account offers spreads from 3.0 pips, and Insta/Cent Eurica Account offers spreads from 0.0 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	✔	PC, web, mobile	Experienced traders
MultiTerminal	✔	PC	/
Web Platform	✔	Web	/
Mobile Trader	✔	Mobile	/

Deposit and Withdrawal

　　The broker accepts payments via Visa cards, MasterCard cards, and bank transfers.

Deposit Options	Minimum Deposit	Fees	Processing Time
Local deposit from Iran	$1	Bank fees vary	Within 1-2 days
Litecoin	$1	/	Within 3 hours
Bitcoin	$1	/	Within 3 hours
Ethereum	$1	/	Within 3 hours
PayCo	$1	/	Instant
Tether	$1	/	Within 3 hours

Withdrawal Options	Minimum Withdrawal	Fees	Processing Time
Litecoin	$1	0.5%	Within 1-7 working hours
Bitcoin	$1	0.5%	Within 1-7 working hours
PayCo	$1	System fee	Within 48 hours
Transfer between accounts	$1	/	Within 1-7 working hours
Tether	$1	1%-2%	Within 1-7 working hours
Ethereum	$1	1%	Within 1-7 working hours