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Min Deposit: $1
Min Trade Amount: 0.01 Lots
US Clients:
Bonus: 45% New Account Opening Bonus
Leverage: 1:1 - 1:1000
Free Demo Account:
Payment METHOD NAME Charge Time

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Full Review

About InstaForex

Instaforex is a Russian brand owned by Instaforex Group. This company is a relatively late entrant into the market but has been able to achieve a rapid market expansion to make in-roads into several countries.  

Offers and Promotions

Various promotions are available on Instaforex. These offers are as follows:

a)    Welcome Bonus of 45%. This bonus is awarded for every new account deposit.

b)    Welcome Bonus of 30%. This is another welcome bonus that is also given to new traders. Usually traders can only get one of the two deposits. What determines which o the welcome bonuses a trader will get is the speed of funding the account after the account opening forms have been filled.

c)     There is a traders club known as InstaForex Club. Extra bonuses are given to members of the InstaForex Club, apart from the welcome bonus. The bonus awarded is based on a graduated percentage system which starts at 1% for deposits less than $500 and ends at 10% for deposits exceeding $15,000.

d)    InstaForex Coupon Bonuses are usually awarded to traders with high trading activity. These coupons are created by Instaforex partners who brought in the clients. Three coupons of $10 and $50 are given for every 200 lots and 2,000 lots traded respectively.

e)    InstaForex also offers a one-time No Deposit Bonus. This bonus is not given to traders who have already received the above mentioned bonuses. To be able to withdraw the bonus, the trader must generate a trade volume equivalent to 25 times the bonus amount. The no-deposit bonus amount is personalized to each trader.

Among the promotions are a number of trading contests. These include the InstaForex Trading Sniper contest, which is held every week on the demo platform for a chance to win $1,500, and an opportunity to win trading devices (iPads, etc) and cars in the special trader contests held annually.

Trading Platform Features

Traders on Instaforex can perform their forex trades on the following platforms:

A)    The MT4 platform

B)    The MT5 platform

C)    The Forex Copy social trading platform.

Account Types and Information

The following types of accounts can be operated on Instaforex:

a)    The Insta Standard account is further subdivided into three: micro, mini and standard forex accounts (learn about the difference between forex accounts here). The minimum deposit for each is $1-$10 for micro, $100 for mini and $1000 for standard forex accounts. Trade size minimum is 1 micro lot.

b)    Insta Eurica trading accounts are zero spread accounts specially designed for newbies in the forex market to trade with in order to get a hang of the live trade conditions on Instaforex. Trade size minimum is 1 micro lot.

c)     Cent Standard and Cent Eurica accounts are very small volume accounts for forex learners. The minimum trade lot is ten-thousandths of 1 micro lot. A maximum deposit of $1000 is applied to this account type.

Special Features

The following special features are seen on Instaforex:

a)    A variety of trading contests with lots of prizes to be given away.

b)    Free VPS hosting for accounts that exceed $5000. Otherwise, hosting fees are applied on a monthly basis.

c)     A full FX Analytics suite featuring technical analysis, forex news, and the Instaforex TV channel which provides access to live coverage of market moving events and interviews with movers and shakers in the world of forex.

d)    PAMM account facilities.

e)    The InstaWallet system in which funds can be moved in and out of the trading account into the wallet, and the wallet only used to move large pool of funds at a go, thus eliminating the need to keep transferring money with payment methods which attract charges.

Deposits and Withdrawals

Instaforex has a wide array of payment methods for traders to use in depositing or withdrawing from their accounts. These are listed below:

a) BitCoin: Depositing funds in this cryptocurrency is free and is processed in 3 hours.

b) ATM debit cards: Deposits are processed in 24 hours.

c) InstaForex MasterCard: Instaforex has a branded MasterCard with which traders can make deposits for 24-hour processing.

d) International Bank wire: Usually processed in 2-4 business days.

e) E- payment methods such as Skrill, Neteller, FilsPay (usually attracts a transaction fee of 2.5%, and funds deposited in 7 working hours), CashU, EgoPay, Ukash, China Union Pay, PayCo, Paxum transfer and Webmoney.

f) Local bank transfers are also possible for those who live in countries where Instaforex has an agent presence. These countries are Malaysia, Indonesia, Thailand, Nigeria, Ghana, Singapore, Bangladesh, India, Pakistan, China, Korea, Brazil, Chile, Peru, Mexico and Uruguay.

Withdrawals usually follow the same route as deposits, but card deposits can sometimes be withdrawn via Skrill (must be less than $300) or by bank wire (must be over $300). PayPal, Pecunix and Payza are also acceptable methods of withdrawing from accounts. Each of these services comes with its own fee structure.

Customer Support

A live chat facility is available on Instaforex website, as well as an online form which can be used to initiate a callback. In addition, customer support can be reached as follows:

  • Email: [email protected]
  • Skype: “ifx.support”  or “instaforex.support”
  • Phones: 8-800-2000-791; +7 (812) 4580354; +7 (499) 7042344; +7 (495) 2041773