A global brokerage firm, InstaForex offers over 2,500 trading instruments. Over seven million customers receive exceptional all-around service from the businesses operating under this brand, which offers CFD trading. Additionally certified by CySEC, InstaForex has several significant sponsors, including FC Borussia Dortmund.
Company Information, Regulations, and Licensing
InstaForex was the debut of InstaForex on the financial services scene in 2007. The brand has developed and spread over time to several nations, including the Czech Republic, Slovakia, and Poland.
With its main office in Cyprus, Instant Trading EU LTD primarily serves the EU market via the website InstaForex.EU. The company conforms fully with European law and is governed by CySEC under license 266/15.
The usage of multiple data centers and more than 30 industry awards show that InstaForex is a significant player in the trading sector and has no plans to let go of its lead any time soon.
You can thus anticipate the best execution policy and negative balance protection by opening an account with this broker. Also keep in mind that this broker is a participant in the Investor Compensation Fund, which entitles retail clients to compensation of up to €20,000 in the event of insolvency. Additionally, the Slovak National Bank, the Czech National Bank, and the Polish Financial Supervisory Authority all oversee the company (KNF).
Contrary to the bespoke trading platforms offered by many online brokers and services, InstaForex.EU has opted to stick with MetaTrader 4 and MetaTrader 5.
Both MT4 and MT5 are quick and simple to download. Both platforms provide an array of practical analysis tools, such as built-in and customized indicators, pending order types, Expert Advisors, and market signals. Additionally, InstaForex offers its plugins, such as Superior Forex Desk and One Click Trading.
It will be a big plus for traders who prefer the look, feel, and familiarity of MetaTrader that InstaForex employs on these platforms. A client area that adds flexibility is also present.
MetaTrader 4 and MetaTrader 5 are well-invested, well-developed, and dependable trading systems that can accomplish almost anything a trader may want.
Commissions and Spreads
InstaForex.EU employs spreads and costs that vary based on the exact account you have, much like the vast majority of online brokerage services.
The platform primarily provides three ECN account solutions: ECN, ECN Pro, and ECN VIP. The minimum deposit amount and fees are the key distinctions between these accounts. The Pro or VIP solution may provide the greatest trading circumstances for experienced traders. All three alternatives provide competitive tier commissions and spread as low as 0.01 pip.
Due to InstaForex’s support for the well-known MT4 and MT5 systems, traders can access their trades from a mobile device and enjoy all the advantages of mature and well-developed platforms.
Customers of InstaForex can trade using the MobileTrader app, which is offered on Google Play and the iOS App Store. The traders have given this app positive reviews and good ratings.
With its extensive selection of deposit and withdrawal options, InstaForex.EU aims to provide its traders with something that works for practically everyone, anywhere on the globe.
All deposits are commission-free, but the payment processing provider may impose fees for withdrawals. It is advised to review the cost and fees of the company to learn more specifically about the deposit and withdrawal fees for all payment methods. Among the payment options are:
- Bank transfers
All payments are processed within the next business day and the broker accepts several deposit currencies: CZK, EUR, USD, PLN, and GBP.
Demo accounts are accessible for free on InstaForex.EU, allowing new or inexperienced traders to polish their skills and become familiar with the platforms. With the help of the sample account’s simulated funds, you can obtain a solid understanding of what trading in real life might entail.
Trying out a sample trading account is a terrific way to get back on track and comprehend the many features offered for people who are new to trading or those who have been away from the market for some time.
InstaForex offers several types of accounts, providing traders with an individual approach:
ECN accounts, which provide access to all trading features and offer more flexibility in market executions, are intended for advanced traders. ECN account holders have access to raw and floating spreads, and the minimum deposit for MT4 accounts is €200 and for MT5 accounts, €1,000.
Nearly all of the capabilities of an ECN account are available in ECN Pro. This sort of account, however, is unsuitable for the occasional trader because of the greater minimum deposit requirement.
This account uses market execution, the same form of execution as an ECN account. The decrease in spreads makes a difference in this case.
Variable spreads, lower commissions, and more make the ECN VIP account attractive to demanding traders.
To contact your team for assistance, InstaForex.EU provides an online form and a personalized portal. Additionally, comprehensive details are given on the various technical assistance alternatives available on their website for WhatsApp as well as live chat on Telegram, Viber, and Skype. Additionally, InstaForex has locations with local language assistance in the Czech Republic, Slovakia, and Poland.
The “Contact Us” area of InstaForex.EU provides a thorough choice for getting in touch with their financial department, partnerships, customer relations, and technical assistance.
Countries in which InstaForex works and does not work
InstaForex accepts traders from all over the European Union and beyond: Iceland, Ireland, Switzerland, France, Italy, Germany, Czech Republic, Slovakia, Hungary, Bulgaria, Denmark, Norway, Sweden, Poland, Spain, Portugal, Greece, Cyprus, Austria, and other countries.
InstaForex.EU is a reliable option for an online trading platform. It offers traders a superb trading experience using well-known technologies like MT4 and MT5, and it keeps its customers safe with EU regulations and efficient security measures.