InstaForex

Added on July 9, 2013 07:14 AM
(3.9 / 5)
Spread: 3.0 Min. lot: 0.01 Execution:
Leverage: 1:1000 Country: Russia Regulated by: RAFMM
Min. deposit: $10 Platforms: MetaTrader Payment methods: Bank Wire, Credit card, MoneyBookers , AlertPay, Liberty Reserve, WebMoney
Headquarters: Kaliningrad, Moscow
Bonus: 30%

InstaForex is a retail brokerage that was founded in the year 2007 in Russia. The brokerage contracted MetaQuotes Software to supply it with software for their forex trading platform. They have been online since 2008. They have offices in Russia Federation and in many countries all over the world. They offer to their customers variable means of payment including: Credit/debit cards, EuroGoldCash, Moneybookers, PayPal, Payza, Pecunix, WebMoney and Wire transfer.They offer demo account of metatrader4 and meta trader5. They are regulated by RAFMM - The Federal Financial Markets Service.

The headquarters of Instaforex are in Kaliningrad, Moscow, and St. Petersburg, Russia. It has network of representative offices in about 265 countries worldwide and is present in 31 countries especially in Asia and Europe. The brokerage is licensed by the IFSC, the international regulatory authority of Belize but it has from 2008 become a member of the RAFMM (The Russian Association of Financial Market Members) which an analog of the American NFA (National Features Association) and in 2012 instaforex united with Russian Financial Service Consumer Unit (FinPotrebSouz). It is as well regulated by the British FSA (Financial Services Authority) as well as Cyprus CYSEC (Cyprus Securities).

Some of the representative offices of instaforex are in the following countries

Russia

Representative offices: 30

Vietnam

Representative offices: 1

Israel

Representative offices: 1

Saudi Arabia

Representative offices: 1

Kazakhstan

Representative offices: 2

Uzbekistan

Representative offices: 1

Latvia

Representative offices: 1

Georgia

Representative offices: 2

Malaysia

Representative offices: 22

Indonesia

Representative offices: 56

China

Representative offices: 1

United Arab Emirates

Representative offices: 1

India

Representative offices: 10

Nigeria

Representative offices: 13

Peru

Representative offices: 1 etc.

 

Instaforex Certificate

The Trading Platform

InstaForex offers traders the opportunity to trade with the metatrader4 and Metatrader5 trading platform. MetaTrader is the for the most part a vigorously emerging trading platform due to MetaTrader4. InstaForex provides their traders with free metatrading platform together with the MultiTerminal and Mobile version Mobile apps. MetaTrader permits traders to trade forex as well as obtain quotes for top currency trading pairs, receive forex news and forex analysis among others.

Account Types

Instaforex, offer ECN and MM.Traders can open five types of accounts on Instaforex

  1. Demo account: Traders of demo account are allowed to trade with MetaTrader4 and metaTrader5.
  2. InstaStandard Account
  3. Insta.Eurica
  4. Cent.Standard
  5. Cent.Eurica

Traders can open an account and trade forex with as little as $1 with any of the last three types of account. The spread for these types of account are fixed with a trading platform of metaTrader4 and Metatrader5. They can as well trade on gold and silver apart from forex. The accounts allow you to trade on 107 currency pairs. Scalping is not allowed with these types of account.

Commodities

Traders can trade in any of the following commodities in addition to forex as well as on CFDs on NYSE stocks

  • Gold
  • Silver
  • oil

Currencies

Traders can open account with US dollars, RUR and Euro but traders can trade in a variety of currency pairs. To safeguard a traders account incase the value of the US dollar starts to depreciate; customers are allowed to open account in other currencies. Opening accounts in these currencies in addition to the US dollar increasing the account worth and an increase in the weight of the currency of such account.

License Certificates from InstaForex Corporation

InstaForex has received several awards since its inception. Due to its excellent customer services, innovative technologies and ability to partner with both clients and business partners, instaforex has on many occasions been regarded as a top player in the forex market.

See below the various awards the company has received since the institution began operation in 2007:

1. Best Broker in Asia 2012 certificate by the 10th China Guangzhou International Investment and Finance Expo

2. Best Retail Forex Broker 2012 by IAIR Awards

3 Best Forex Broker in Asia 2012 by ShowFx Asia

4. Best Broker in the Eastern Europe 2012 by ShowFx World

5. Best Broker in the Eastern Europe 2012 by ShowFx World

1. Best Forex Broker in Asia 2012 by Global Banking & Finance Review

2. Best Broker in Asia 2012 by IAIR Awards

3. Forex & Investment Summit 2011 - Best Retail FX Provider Award 2011

4. World Finance Awards 2011 – The Best Broker in Asia

5. European CEO Awards 2011 – The Best Retail Broker

6. World Finance Awards 2010 – the Best Forex Broker in Asia

7. ShowFx World 2009 – Best Broker in Russia

8. World Finance Awards 2009 - Best Broker In Asia

9. ShowFx Asia 2009 – Best Broker in Asia

10. Jordan EXPO 2011 – The Best Forex Broker in Retail Market

Customer Service

InstaForex offer customer services in many languages like Arabic, English, Indonesian, Malay and Russian through the following methods-email Forum, Live chat, Office visit, Phone and Skype.

Pros

  • Many payment method
  • Nice platform
  • They are reliable broker
  • Great staffs
  • Very good chart and forex analysis
  • Many payment method and fast withdrawal
  • Fixed spreads

Cons

  • Server send order speed quite low
  • A few complaints about customers services, weak customer services due to bad English

Conclusion

Instantforex notwithstanding that they are pretty new forex brokerage has made a lot of remarkable achievements in the forex market. They provide customers with the best Trading Instruments for successful trading like Metatrading platform, forex analysis, forex demo account, forex calculator, forex indicators, forex symbols and instaforex TV. Many customers testify to the excellent nature of their service. Though there are a few customers who for one reason or the other are unsatisfied with them; they are a properly regulated broker who works hard to satisfy their customers. The availability of their representatives with offices in various countries of the world, they are very popular.

Tags:
ECN, MT4, PayPal, WebMoney, Gold

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