InstaForex broker review
InstaForex has been providing online trading services to traders worldwide since 2007. To date, their clients live in over 50 countries, including much of Europe and Asia. Each day, hundreds of traders open accounts with them to invest money on the currency markets and stock exchanges. InstaForex collaborates with leading market-makers by taking on a shared position on the interbank market. This allows InstaForex brokerage to always work in the best interest of its traders. For this reason, you can be sure that when you use InstaForex, your gains are truly linked to actual currency prices.
WARNING: Pending resolution of a commission withdrawl dispute with Instaforex, I strongly advise traders NOT to deposit funds with Instaforex!
One area where InstaForex really stands apart from the competition is the 13% annual interest they pay you for the funds that are in your account! In addition, if you sign up for an InstaRebate account (see instructions further down the page), you'll earn money back from the spreads that were applied to your trades: you'll see extra money being deposited in your account 2 days after your last trading session, I love it.
InstaForex is registered in the British Virgin Islands and headquartered in Russia. The broker's license is therefore issued by the Russian Federation's main regulatory authority, the FFMS. Today, all Russian brokers who provide online access to equity markets are required to be certified by Russia's financial market federal services agency.
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1.5-pip rebate on each trade + 30% bonus
The InstaRebate project offers traders the opportunity to receive a cash rebate from the spreads of their trades. Investors just need to trade on their accounts to get the 1.5-pip rebate, or $15 per standard lot ($1.50 for 1 10,000 unit InstaForex lot).
This service is absolutely free and the trader also benefits from a 30% bonus on every deposit.
In order to become a full member of the InstaRebate system, you must go through three simple steps:
1) Open a live trading account on the InstaForex InstaRebate site. Click on the "Open a Real InstaAccount with InstaRebate now!" At the bottom of this page
2) Register your trading account in the InstaRebate system on this page.
3) Make a deposit into the account and start trading. The 1.5-pips rebate for each trade will be automatically credited to your account within 2 days.
In addition to the 1.5-pip rebate, each customer can choose to receive a fixed bonus or a 30% welcome bonus on each deposit.
In order to receive the welcome bonus, it is necessary to open a live trading account and fill out the bonus request application form.
Trading contests
InstaForex Sniper
This contest takes place every week between demo accounts. Winners share $1,500.
Lucky Trader
This contest is organized between demo accounts every two weeks. Winners share $3,000.
InstaForex Great Race
This contest is organized between demo accounts once a month. A total of $46,400 USD in prizes is awarded. The contest has four rounds and one final round.
Real Scalping InstaForex
Monthly contest between demo accounts. Annual prize fund is $72,000 USD ($6,000 for each monthly contest).
Types of accounts
Each type of account offered by InstaForex provides a comprehensive trading platform that allows you to trade the international financial markets. No matter which type of account you choose, InstaForex provides you with access to all the available trading symbols.
| Options | Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica |
|---|---|---|---|---|
| Deposit currency | EUR, USD, USD Cents | EUR, USD, USD Cents | US Cents, EU Cents | US Cents, EU Cents |
| Spreads | 3-7 | 0 | 3-7 | 0 |
| Commissions | 0 | 0.03%-0.07% | 0 | 0.03%-0.07% |
| Minimum lot (1) | 0.01 lot (1 lot for the cents account) | 0.01 lot (1 lot for the cents account) | 0.01 lot (1 lot for the cents account) | 0.01 lot (1 lot for the cents account) |
| Maximum lots | 10,000 lots | 10,000 lots | 1,000 lots | 1,000 lots |
| Leverage | 1:1-1:1000 | 1:1-1:1000 | 1:1-1:1000 | 1:1-1:1000 |
| Margin for locks | 25% | 25% | 25% | 25% |
| Margin Call | 30% | 30% | 30% | 30% |
| Stop Out | 10% | 10% | 10% | 10% |
| Annual interest (2) | 13% | 13% | 13% | 13% |
(1) The minimum size of a trade
1 lot ($1 USD for 1 pip) for accounts with over $100,000 dollars.
0.1 lot ($0.10 for 1 pip) for accounts with over $5,000 dollars.
100 points of the base currency, or about 1 cent for cent accounts.
(2) Calculation of the percentage of available funds
For all real accounts of any type, an annual interest rate of 13% is paid for funds available for trading. InstaForex clients do not need to worry that their account or their profits will be impacted by inflation - a genuine concern in today's world. The interest is credited to each InstaForex trader's account at the end of each month.
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