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InstaForex online forex and CFD trading platform
Last updated:
Trade more than 100 currency pairs plus futures, commodities, indices and US CFD stocks.
InstaForex is an online forex trading platform that offers more than 300 financial tools, over 100 currency pairs and a a wide range of trading tools and market analyses.
When you open an account, you can choose whether you want to pay commission fees (brokerage per trade) or FX spreads, depending on the account you select and your personal trading style.
Important
CFDs and forex are risky investment products and most clients lose money trading with this provider. Consider whether this is right for you before making a decision.
0.0 pips
Minimum Spreads for Major Currencies
100 currency pairs, CFDs on US stocks, indices, commodities
Available markets
MetaTrader 4
MetaTrader 5
Platforms
Details
| Type of broker | Online |
|---|---|
| Available markets | 100 currency pairs, CFDs on US stocks, indices, commodities |
| Minimum Spreads for Major Currencies | 0.0 pips |
| Leverage | 1:1 to 1:1000 |
| Commission | 0.03%- 0.07% |
| Minimum opening balance | AU$1 |
| Minimum Trade Size | 0.1 lots |
| Platforms | MetaTrader 4 MetaTrader 5 |
| Support | Email, live chat |
Founded in 2007, InstaForex is now the trading platform of choice for more than two million customers worldwide. It has also won numerous awards, including the Best Broker in Asia at the International Finance Awards and the Best Forex Broker at the European CEO Awards.
Disclaimer: CFDs and forex are complex financial products that come with a high risk of losing money. Most retail client accounts lose money trading CFDs and forex. Consider whether you can afford to lose your money.
What can I trade with InstaForex?
InstaForex gives you access to a wide range of financial instruments, including the following:
Forex
You can trade 107 currency pairs from your InstaForex account. This includes major pairs like EUR/USD and USD/GBP, as well as a number of more exotic options. Spreads start from as low as 0 and vary depending on the type of account you open.
Contract for difference (CFDs)
InstaForex offers the opportunity to trade CFDs on 88 US shares. You can also trade CFDs on a range of futures and indices, including metals, energy, agricultural products, the Dow Jones, the FTSE 100, Hang Seng and more.
Gold and silver
InstaForex also allows you to trade and take advantage of fluctuations in the spot price of gold and silver.
What benefits come with InstaForex?
Choosing InstaForex gives you access to the following benefits:
Trading platforms
InstaForex customers can choose to use either the MetaTrader 4 or MetaTrader 5 trading platform. These platforms offer fast order execution, a wide range of trading instruments, and the convenience of trading from your PC, tablet or smartphone. There is also a WebTrader platform available so you can trade straight from your Internet browser.
Bonuses
InstaForex regularly offers a range of bonuses to help top up the trading accounts of customers. For example, when you first open an account, you receive a bonus of 30% of your initial deposit amount.
Available markets
InstaForex provides access to more than 100 currency pairs on international forex markets and to CFDs on US stocks as well as to global indices and a range of other commodities.
24/7 support
InstaForex offers online and phone support to customers 24 hours a day, 7 days a week. There are also plenty of educational resources available through the InstaForex website to help you learn the ins and outs of trading forex and CFDs.
Forex analytics
You can also access a range of market analyses and news to help you make more effective trades. This includes reports and analyses of market trends, financial market news, reviews of forex developments, and a market map to help you keep track of the performance of major stock exchanges.
InstaForex service levels
InstaForex offers four types of trading accounts:
Insta.Standard Trading Accounts
These standard trading accounts do not have any fees and can be used by all types of traders.
Insta.Eurica Trading Accounts
These accounts are designed for new traders and include zero spreads on most trades.
Cent.Standard and Cent.Eurica Trading Accounts
These two account types are tailored to beginner traders and to those who are just starting out in the world of forex. They allow you to test out trading strategies with minimal risk. The table below outlines the different features of each account:
| Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica | |
|---|---|---|---|---|
| Deposit currency | EUR, USD | EUR, USD | EUR cents, USD cents | EUR cents, USD cents |
| Minimum deposit | 1 USD | 1 USD | 1 USD | 1 USD |
| Maximum deposit | Unlimited | Unlimited | 1,000 USD | 1,000 USD |
| Spreads | 3-7 | 0 | 3-7 | 0 |
| Fee | 0 | 0.03%-0.07% | 0 | 0.03%-0.07% |
| Minimum trade | 0.01 of the lot | 0.01 of the lot | 0.10 of the lot (equivalent of 0.0001 market lot) | 0.10 of the lot (equivalent of 0.0001 market lot) |
| Maximum trade | 10,000 lots | 10,000 lots | 10,000 lots | 10,000 lots |
| Leverage | 1:1 - 1:1,000 | 1:1 - 1:1,000 | 1:1 - 1:1,000 | 1:1 - 1:1,000 |
What support and information is available with InstaForex?
InstaForex operates 24-hour phone support in several countries around the world, but unfortunately not in Australia. If you have a question about your account, 24-hour support is available via email, Skype, Twitter and a range of other instant messaging options. Alternatively, you may be able to find the answers you need on InstaForex’s website. In addition to a handy FAQ section, there’s also a dedicated Support Area where you can access help on a range of forex trading topics. There are videos, tutorials and even a training course to help you learn how the forex market works and how to get more out of your account.
What are the fees associated with using InstaForex?
There are no ongoing fees when you open a trading account with InstaForex. However, you will need to pay either a commission or the spread when you place a trade. The exact cost varies depending on the type of account you have.
- Insta.Standard and Cent.Standard Accounts have spreads of 3-7
- Insta.Eurica and Cent.Eurica Accounts charge fees of 0.03%-0.07% of the trade amount
What are the pros and cons of using InstaForex for my next trade?
Consider these pros and cons when deciding whether InstaForex is the right forex trading platform for you:
Pros
- 24/7 support. If you ever have a problem or a question about a trade, InstaForex offers 24/7 customer support.
- Mobile trading app. InstaForex offers a mobile trading app for Android and Apple smartphones.
- Bonuses. InstaForex regularly offers bonuses to its customers. For example, they provide a welcome bonus deposit when you sign up for an account.
- Wide range. InstaForex provides its customers with access to a wide range of trading instruments, allowing you to access trading opportunities across a number of currency pairs and global markets.
Cons
- No Australian phone support. Although there are several online support options available, including Skype, there is no toll-free support phone number for Australian customers.
What you need to know about the application process for InstaForex
It only takes a few minutes to register for an InstaForex account. After filling out the online registration form with your personal details and the type of account you would like to open, you will receive an email with the following details:
- Your trading account number
- Your trader password
- Your phone password
- Your PIN code for confirming withdrawal requests
Once you’ve deposited money into your account, you can start trading straight away.
