InstaForex is a globally recognized broker with a rich history dating back to its establishment in 2007. With its headquarters based in Kaliningrad, Russia, the broker has expanded its services over the years, catering to more than 7 million traders worldwide. In this detailed review, we’ll explore the various aspects of InstaForex, from its awards and accolades to its trading offerings, including a notable $1000 no-deposit bonus and the choice between trading with spreads or commissions.
Awards and Recognition
One of the key indicators of a broker’s credibility and reliability is the recognition it receives from industry experts and organizations. InstaForex has been consistently acknowledged for its excellence in the field of online trading. Notable accolades include the “Best Forex Cryptocurrency Trading Platform” award at the UK Forex Awards in 2018 and the prestigious “Development and Success” award at the Financial Olympus from 2016 to 2017.
These awards reflect the broker’s commitment to delivering top-tier trading services and continually enhancing its products to meet the evolving needs of traders.
Trading Platform and Tools
InstaForex offers a user-friendly trading platform that caters to both novice and experienced traders. Their platform provides advanced features and tools, including a free VPS hosting solution, multiple APIs, and Money Manager and PAMM account options. Traders can execute tick deals via a web browser using the intuitive InstaTick Trader platform, which also comes with 24/7 customer support for added convenience.
The broker’s diverse range of trading tools encompasses 107 currency pairs, derivatives of 34 US stocks, binary options, and precious metals. Whether you prefer floating or fixed leverage, InstaForex has you covered. Additionally, the safety of client funds is prioritized through segregated accounts and compensation schemes, ensuring peace of mind for traders.
InstaForex understands the importance of providing flexible payment options for its clients. Traders can choose from a wide variety of methods, including Visa, Skrill, PayCo, and Wire Transfer, making deposits and withdrawals seamless and convenient.
Education and Training
For those new to forex trading, InstaForex offers a valuable free training course. This course comprises three classes conducted by experienced broker specialists, designed to help beginners quickly grasp the fundamentals of trading. Practical tasks, guided by instructors, are an integral part of these classes. Furthermore, the broker’s comprehensive educational center on their website ensures all traders have access to essential information and resources.
$1000 No-Deposit Bonus
InstaForex offers an enticing incentive for new clients in the form of a $1000 no-deposit bonus. This bonus allows traders to begin their forex journey without risking their own capital. While the bonus amount itself cannot be withdrawn, traders can withdraw up to 10% of their profits, making it an excellent way to test the trading waters.
It’s important to note that this bonus has specific terms and conditions. It’s exclusive to new clients and cannot be combined with other bonuses. It is also not applicable to cent accounts. Traders must utilize the MetaTrader 5 platform and fulfill certain trading requirements to be eligible for profit withdrawals.
The no-deposit bonus serves as a valuable tool for comparing brokers and their platforms, enabling traders to make informed decisions based on their individual needs and preferences.
Trading with Spreads or Commissions
InstaForex provides traders with the flexibility to choose between trading with spreads or commissions. While there is no account-opening fee, the broker does charge a dormancy fee for inactive accounts. Additionally, commissions are applied to indices and energies trading, which may be considered relatively high by some traders. However, it’s essential to highlight that InstaForex is a highly regulated broker, offering compensation schemes to safeguard the interests of its clients.
InstaForex also offers a free demo account, allowing traders to practice their strategies and familiarize themselves with the trading platform risk-free. This demo account provides a realistic trading environment and offers round-the-clock customer support, ensuring traders have a valuable learning experience.
Demo accounts are invaluable for traders of all levels, as they provide a safe space to hone skills, test strategies, and gain confidence in trading before transitioning to live accounts.
Free VPS Hosting Service
For traders seeking VPS hosting services, InstaForex offers three different types of VPS hosting plans, each catering to varying needs and priced between $10 and $40 per month. This service is an excellent option for those looking to eliminate the potential delays associated with internet connectivity when trading on platforms like MetaTrader 4.
VPS services are essential for traders using Expert Advisors, as they ensure uninterrupted trading by eliminating the reliance on a home PC. The choice of which VPS plan to select depends on your specific trading requirements.
InstaForex is a well-established broker with a strong reputation in the trading industry. Its commitment to delivering quality services, user-friendly platform, and array of trading tools make it a preferred choice for both novice and experienced traders. The $1000 no-deposit bonus, option to trade with spreads or commissions, and free VPS hosting further enhance its appeal.
While it’s essential to consider the specific needs and preferences of your trading style, InstaForex’s dedication to providing a secure and flexible trading environment positions it as a broker worth exploring for those seeking a comprehensive trading experience.