InstaForex is an ECN broker that has been specific in providing access to the international foreign exchange market since the wake of 2007. It might interest you to know that the company has over 7 million customers. InstaForex offers a vast range of trading conditions and a wide range of trading tools. Furthermore, the ECN company provides their clients and customers with a vast range of benefits and bonuses that holds numerous promotional campaigns.
Specifically, customers that trade with InstaForex can get a 30% bonus on every deposit and also the unprecedented 100% bonus for their first deposit. Aside from money, traders get to win several prizes such as luxurious cars and mobile devices.
The participants who are lucky get to drive their Porsche Cayman, Jaguar F-Type, and Lamborghini. InstaForex has been participating in numerous expositions and events around the world since 2009. The ECN company organizes several informational conferences and seminars which are attended by tens of thousands of visitors. InstaForex has been a reputable sponsor as well as an active participant of the show FX World Expo ever since 2010.
InstaForex happens to be the trading name of the Instant Trading Limited. If you didn’t know, InstaForex has two licenses from two different regulators. We have the CySec which is based in Cyprus, and we have the FSC which is situated in the British Virgin Islands. InstaForex is licensed and authorized by the Financial Services Commission under the Securities and Investment Business Act (SIBA).
In this regard, the license, however, guarantees transparency and security for all kinds of InstaForex customers. Given that the brokers participate in the Investor Compensation Fund, they are assured by the negative balance protection and the best execution policy.
Based on the mandate meted out by EU regulation, InstaForex provides the Investor Compensation Fund. In the eventuality of any fraudulency or bankruptcy, accounts are covered up to a maximum sum of €20000.
Platforms and tools
InstaForex makes trading easy for their clients by providing them with five different platforms. In this regard, clients get to choose a trading platform that goes well with their trade needs. All these platforms are aimed at fulfilling the client’s requirements. The trading platforms compatible with InstaForex are Meta Trader 4, Meta Trader 5, Multiterminal, Web-trader and InstaBinary.
Meta Trader 4 and 5 happen to be the most popular platforms in the industry. This is because they offer a vast range of tools for technical analysis, free indication, automated trading and a lot more.
Multiterminal allows clients to work with numerous InstaForex trading accounts simultaneously. Multi-terminal is used as an ideal tool for investors who manage their clients’ account.
On the side of the Webtrader, InstaForex designed it as a platform that works for brokers’ clients. This is because it allows investors to trade directly from their browsers and does not require any form of download.
InstaBinary is a platform specifically made for binary options. It comes with a six-digit codes and it is also made by the broker. This feature alone allows traders to boost their profits because even little votalities are quite essential to profit assessment.
InstaForex deposits and withdrawal methods
InstaForex provides a vast range of deposit and withdrawal options from Bitcoin to Transferwise from credit card to E-wallet systems. No investor can say that he/she can’t find the means to deposit or withdraw money. However, every withdrawal and deposit option come with their different wait-times of deposits as well as fees. You can learn more about these terms and conditions on the InstaForex website.
The latest awards
InstaForex has had a handful of prestigious awards in the recent past. In 2020, InstaForex was recognized as the Best Forex Broker Central and Eastern Europe platform in 2020 by the International Business magazine.
It might also interest you to know that this is the third award InstaForex has received from this reputable magazine platform. Also, they were awarded in Asia by the AtoZ Market Forex Award.
The voting for this award took place in January 20, 2020 and the candidates were nominated based on scores on criteria such as traders’ interviews of brokers, and the information passed by the brokers website. Also, in 2020, the UK-based Global Brands Magazine issued an award to the InstaForex affiliate program stating them as the best affiliate program in 2020.
InstaForex offers beginners a vast range of educational materials; financial and economic articles on InstaForex. There are also several courses to learn from. These courses teach you a lot about becoming a successful trader on the InstaForex platform.
As you learn about InstaForex, you will also have access two international marketplaces such as ECN, which can be leveraged to search for financial products outside the stock exchange market. Aside from the courses you find on the InstaForex website, you can also get acquainted with trading using courses on Udemy as well as YouTube.
Trading with InstaForex is quite easy as the platform allows beginners to start trading InstaForex with a demo account before they proceed to trade with an actual account with money. Trading with a demo account allows you to take a handful of risks without bearing the effects.
A demo account is also used as a risk tool for trading on the InstaForex platform. InstaForex demo account is available from $5000-1.5 million. This allows you to trade endlessly until you master how the platform works. Once you’ve gotten the hang of it, you can proceed to get an actual account with money or invest some capital.
With InstaForex, you have the option of choosing from four different accounts types. However, this account site can be divided into two broad categories. These two main categories include the Standard account type and the Eurica account type. Going further, they are divided into Insta and cent.
When it comes to customer service, InstaForex provides support for their customers on a variety of platforms like Skype, Viber, Twitter, Telegram, WhatsApp and Email as well as call back options. This means that you can tender your complaints on any of the mentioned platforms and get a swift feedback.