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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.
0.0 pips
Minimum Spreads for Major Currencies
100 currency pairs, CFDs on US stocks, indices, commodities
Available markets
MetaTrader 4
MetaTrader 5
Platforms
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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.
Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.
InstaForex gives you access to a wide range of financial instruments, including the following:
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.
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.
InstaForex also allows you to trade and take advantage of fluctuations in the spot price of gold and silver.
Choosing InstaForex gives you access to the following benefits:
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.
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.
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.
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.
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 offers four types of trading accounts:
These standard trading accounts do not have any fees and can be used by all types of traders.
These accounts are designed for new traders and include zero spreads on most trades.
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 |
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.
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.
Consider these pros and cons when deciding whether InstaForex is the right forex trading platform for you:
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:
Once you’ve deposited money into your account, you can start trading straight away.