InstaForex has been providing internet trading services in the Forex market since 2007. It became a member of the RAUFR Association. In 2008 company got the World Finance Award guaranteed a status of the best broker in Asia.
Types of Accounts and Bonuses
The broker offers over 100 trading instruments available for trading: 107 currency instruments, CFDs on American stocks, gold, etc. Any trader can open a demo Forex account for free and start trading on the financial markets.
InstaForex offers the following types of trading accounts:
- Demo account. It can be opened without registration and investments.
- Standard. This type of account has fixed spreads, a min deposit of 1 USD and no commissions. Traders may change the leverage at any time and select a deposit amount. It offers Micro, Mini and Standard formats with collateral of 10, 100 and 100 USD.
- Eurica. There is no spread for most of assets. This type is suitable for beginners because there is no need to consider the spread on pending orders. Its trading characteristics are not inferior to Insta.Standard.
- Standard and Cent.Eurica cent accounts with a limited deposit of 1,000 USD provide minimum risks. Leverage ranges from 1:1 to 1:1000. Cent.Eurica also has a commission of 0.03-0.07%.
- Swap-free or Islamic account. It has all trading conditions of the main types of accounts, and clients do not pay swap for transferring a trading position to the next day.
Users can also open segregated accounts with a capital that is protected from the risks associated with the broker’s activities. The client’s funds are kept separate. The owner of the account can hold 70% of the capital in his bank account. However, he can use the entire amount in full for trading transactions.
The bonus programs are one of the key of marketing strategies of the broker. It offers a wide range of bonuses to choose from. For the first deposit, a trader gets a 100% bonus, a maximum amount is 2000 USD. It cannot be withdrawn and uses only for trading. The company’s club card holders can receive club bonuses. Any client can become a member of the community by filling out the relevant application and replenishing the deposit.
Trading Platforms and Analytics
InstaForex works by two main versions of Metatrader (MT4 and MT5) and WebIFX.
MT4 is a reliable platform acknowledged by millions of traders worldwide. It has extensive functionality with 9 timeframes. Short-term intervals are used by traders who want to make quick profit. Medium-term ones are convenient for those who choose intraday trading. Long-term timeframes provide an opportunity to analyze assets, determine their features and make forecasts for the future. MT4 has great technical analysis tools, diverse indicators, and advisers. Despite of the updated version of MetaTrader – MT5, most of the traders still use MT4. The multiterminal option enables to use MT4 and MT5 simultaneously.
WebIFX is a convenient platform compatible with any operating system. Its key benefits include the use of accounts of all types, several working interfaces, and the ability to track current news and analytics.
A minimum deposit of 1 USD
Leverage up to 1:1000
Fixed spreads or trading without a spread (a commission is charged instead of a spread)