InstaForex, a popular forex trading platform, โ offers numerous advantages for novice and seasoned traders alike. Step into the world of financial markets and learn the ropes of forex trading with this comprehensive InstaForex beginner’s introduction.๐๐
Key Takeaways
โInstaForex is a prominent online forex broker catering to traders worldwide. |
โThe platform supports various trading instruments and tools, along with demo accounts and educational resources. |
โBeginners need to assess risks, monitor regulations, and gather ample market knowledge before committing to forex trading. |
โค Elite Signals | Stock, Crypto, & Forex
โ๏ธ InstaForex: The Basics ๐ฅ๏ธ
Table of content
- โ๏ธ InstaForex: The Basics ๐ฅ๏ธ
- ๐ผ A Glimpse into InstaForex’s Company Background ๐
- ๐ ๏ธ InstaForex Features and Tools ๐๏ธ
- ๐ Trading Instruments: Diverse and Flexible ๐งญ
- ๐ฅ๏ธ Trading Platforms: MetaTrader 4 and 5 ๐
- ๐ Trading Education: Promoting Success in Trading ๐
- ๐ฑ๏ธ Demo Accounts: Practice Makes Perfect ๐๏ธโโ๏ธ
- ๐ InstaForex: Pros and Cons ๐๐ฅ
- ๐ข Pros of Trading with InstaForex ๐ฏ
- ๐ด Cons of Trading with InstaForex ๐ง
- ๐ Taking the First Steps with InstaForex ๐ถโโ๏ธ๐ฃ
- 1๏ธโฃ Sign Up and Create an Account โ๏ธ
- 2๏ธโฃ Choose the Right Account Type ๐ผ
- 3๏ธโฃ Fund Your Account: Deposit and Withdraw ๐ณ
- 4๏ธโฃ Download the Trading Platform ๐ฅ
- 5๏ธโฃ Demo Accounts: Practice and Learn ๐ค
- 6๏ธโฃ Engage in Forex Trading: Real Account, Real Profits ๐๐ฐ
- ๐ฎ InstaForex: A Worthwhile Platform for Beginners? ๐
- InstaForex Trading: โข Learn more about InstaForex๐
- InstaForex Basics:
- About InstaForex:
- InstaForex Features:
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Launched in 2007, InstaForex has emerged as a credible forex trading platform for traders across the globe. ๐ Providing access to various trading instruments, including forex pairs, cryptocurrencies, CFDs, stocks, and commodities, the platform caters to a variety of trading needs.๐๐
๐ผ A Glimpse into InstaForex’s Company Background ๐
๐๐ InstaForex operates under supervisionย and holds a license from the British Virgin Islands Financial Services Commission. ๐ฑโ
๐ ๏ธ InstaForex Features and Tools ๐๏ธ
InstaForex offers an array of tools and features that pique the interest of both novice and professional traders. ๐ Let’s delve into the key aspects of the platform:
๐ Trading Instruments: Diverse and Flexible ๐งญ
The platform supports various trading instruments, including 107 currency pairs, 88 CFDs on US stocks, contracts on gold and silver, and more. Additionally, InstaForex offers cryptocurrency trading in Bitcoin, Litecoin, Ethereum, and Ripple. ๐ช๐ฐ
๐ฅ๏ธ Trading Platforms: MetaTrader 4 and 5 ๐
InstaForex supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platformsโboth known for their flexibility and advanced capabilities. Users can access these platforms on various devices, including desktop, mobile (Android and iOS), and web versions. ๐ฒ๐ป
๐ Trading Education: Promoting Success in Trading ๐
InstaForex promotes trading education by offering a range of resources, including articles, video tutorials, webinars, and market analysis. Ideal for beginners, these resources provide valuable insights that can help users make informed trading decisions.๐๐ง
๐ฑ๏ธ Demo Accounts: Practice Makes Perfect ๐๏ธโโ๏ธ
InstaForex offers demo accounts, allowing traders to experiment and gain confidence before committing real money to their trades. These accounts provide a risk-free environment to navigate through the platform and test various strategies. ๐จโ๐ป๐
๐ InstaForex: Pros and Cons ๐๐ฅ
As with any trading platform, InstaForex has its share of positives and negatives. Let’s examine each side:
๐ข Pros of Trading with InstaForex ๐ฏ
- Wide range of trading instruments and assets ๐ฐ
- MT4 and MT5 platforms with comprehensive tools โ๏ธ
- Demo accounts for risk-free trading simulations ๐ฎ
- Extensive education resources for beginners and professionals ๐
- Competitive trading conditions, including tight spreads and fast execution ๐
๐ด Cons of Trading with InstaForex ๐ง
- Does not accept traders from certain countries, including the United States โ
- Occasionally slow customer support response times ๐
- Limited deposit and withdrawal methods compared to other brokers ๐ธ
- Trading fees and spreads may vary depending on account types ๐
๐ Taking the First Steps with InstaForex ๐ถโโ๏ธ๐ฃ
InstaForex offers a user-friendly environment for new forex traders. Here’s a quick rundown of getting started with the platform:
1๏ธโฃ Sign Up and Create an Account โ๏ธ
Visit the InstaForex website and sign up for an account with the required personal information. Make sure you comply with the necessary verification processes, such as submitting proof of identification. ๐๐
2๏ธโฃ Choose the Right Account Type ๐ผ
InstaForex offers different account types, such as Cent, Standard, and ECN accounts, each with varying trading conditions. Assess your trading style and risk tolerance to select the account that best suits your needs. ๐๏ธ๐ฏ
3๏ธโฃ Fund Your Account: Deposit and Withdraw ๐ณ
Add funds to your account via a range of payment methods, including bank transfers, credit/debit cards, and various e-wallets. Keep in mind that withdrawal options may be limited depending on your location. ๐ต๐น
4๏ธโฃ Download the Trading Platform ๐ฅ
Download and install the preferred trading platform (MT4 or MT5) on your computer or mobile device. Explore its features, tools, and interface to familiarize yourself with the trading environment. ๐ฑ๏ธ๐ฅ๏ธ
5๏ธโฃ Demo Accounts: Practice and Learn ๐ค
Utilize the InstaForex demo account to practice and learn trading strategies without risking your hard-earned money. Develop a solid understanding of forex trading and the platform’s features before venturing into live trading. ๐โ
6๏ธโฃ Engage in Forex Trading: Real Account, Real Profits ๐๐ฐ
With a clear understanding of the platform, its tools, and trading strategies, you’re ready to launch into the world of live trading. Implement sound risk management techniques and keep refining your skills as you progress. ๐งโ๐ผ๐
๐ฎ InstaForex: A Worthwhile Platform for Beginners? ๐
InstaForex’s extensive range of trading instruments, user-friendly trading platforms, educational resources, and demo accounts make it an attractive choice for beginners. However, it’s essential to acknowledge that forex trading comes with risks, and no platform can guarantee profits. ๐๐
Always remember to perform thorough research, stay updated on market trends, and adhere to responsible risk management strategies. Embark on your forex trading journey with InstaForex today, and you may find yourself reaping the benefits as you progress. ๐ฏ๐
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
โคLearn more about how we rank brokers
โคFor Reporting: Feature Requests, Missing or outdated data.
(Data
last updated:
14-09-2023)
๐ขCompany Background:
Data | InstaForex | |
---|---|---|
Regulatory Compliance? | Yes | |
Publicly traded company? | No | |
Does it offer banking services? | No | |
Year Founded | 2007 | |
Country headquarters | British Virgin Islands | |
Website Language Options | en, bul, cz, de, es, fr, ne, po, pol, ru, slo, it | |
Separate Client Funds? | Yes | |
Non-ESMA Branches Available? | Yes | |
EU Clients Accepted? | No | |
US Clients Accepted? | No | |
Canadian Clients Accepted? | (Yes only Ontario and Alberta) |
โค Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
Data | InstaForex | |
---|---|---|
Forex (e.g. USDJPY or EURGBP) | Yes | |
Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | |
Funds Van(ARK invest or BlackRock Equity Dividend) | No | |
CFDs (Google Share in CFD form) | Yes | |
Cryptos (BTC or ETH) | Yes | |
Stocks and ETFs (TESL or AAPL) | Yes | |
Commodities (Gold or Silver market) | Yes | |
Beginner-friendly (demo-account access) | Yes | |
Advanced /pro (High-frequency trading, algorithmic trading) | yes MT4, MT5 and Multiterminal | |
Binary option (note this is non-regulated trading, considers EXTREME risk) |
๐๏ธTier 1 Regulatory Bodies:
Data | InstaForex | |
---|---|---|
FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | |
FCA (Financial Conduct Authority) | No | |
MAS (Monetary Authority of Singapore) | No | |
FINMA (Swiss Financial Market Supervisory Authority) | No | |
CFTC (Commodity Futures Trading Commission) | No | |
MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | |
ASIC (Australian Securities and Investments Commission) | No | |
IIROC (Investment Industry Regulatory Organization of Canada) | No | |
SFC (Securities and Futures Commission) | No |
๐๏ธTier 2 Regulatory Authorities:
Data | InstaForex | |
---|---|---|
FMA (Financial Markets Authority) | No | |
CBR (Central Bank of Russia) | No | |
FSCA (Financial Sector Conduct Authority) | No | |
SEC (Securities and Exchange Commission) | No | |
DFSA (Dubai Financial Services Authority) | No | |
CBRC (China Banking Regulatory Commission) | No | |
CySEC (Cyprus Securities and Exchange Commission) | No | |
ISA (Israel Securities Authority) | No |
๐๏ธTier 3 Regulatory Oversight:
Data | InstaForex | |
---|---|---|
Offshore Regulators | No | |
MMA (Maldives Monetary Authority) | No | |
EDR (External Dispute Resolution) | No | |
FSA (Seychelles Financial Services Authority) | No | |
SCB (Securities Commission of The Bahamas) | No | |
FSC (Financial Services Commission, Mauritius) | Yes | |
VFSC (Vanuatu Financial Services Commission) | No | |
IFSC (International Financial Services Commission, Belize) | No | |
CIMA (Cayman Islands Monetary Authority) | No | |
SVG (St. Vincent & Grenadines Financial Services Authority) | No | |
FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | |
BMA (Bermuda Monetary Authority) | No | |
BVI (British Virgin Islands Financial Services Commission) | Yes |
Max Leverage Options:
Data | InstaForex | |
---|---|---|
Leverage for Non-EU Clients | 1000:1 | |
European Leverage Limits | - | |
Leverage in Australia | - | |
US Leverage Restrictions | - | |
Canadian Leverage Rules | - |
๐Account Offerings:
Data | InstaForex | |
---|---|---|
Demo Account Access | Yes | |
Expiration of Demo Accounts | No | |
Account Currency Choices | EUR, USD | |
Standard Accounts | Yes | |
Micro-lots Accounts | Yes | |
Low-cost Account (nano lots) | Yes | |
Variable Spread Accounts | Yes | |
Fixed Spread Accounts | Yes | |
Zero Spread Accounts | Yes | |
ECN Accounts | Yes | |
Swap-Free Accounts | Yes | |
Islamic Accounts | Yes | |
Professional Trading Accounts | Yes | |
Active Trader Rewards Program | Yes |
๐ฐDeposits and Withdrawals:
Data | InstaForex | |
---|---|---|
Minimum Deposit Requirements | $1 USD | |
Minimum Withdrawal Limits | No | |
Credit Card Options | Yes | |
Bank Transfer Availability | Yes | |
PayPal Support | Yes | |
Neteller Integration | Yes | |
Skrill Compatibility | Yes | |
Additional Payment Methods | Bank card, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay transfer, WebMoney, Southeast Asia Bank Transfers, Africa Online Transfers, Bank transfer in PHP via Asia United Bank, Banco de Oro, Bank of the Philippine Islands, Chinabank, Coins.ph, EastWest, EON by Unionbank, ePSBank Online, Landbank, Maybank, Metrobank, Philippine National Bank, RCBC, Robinsons Bank, Security Bank, UCPB, Unionbank | |
Deposit Processing Time | 1-2 business days | |
Withdrawal Processing Time | 1-6 business days |
Fees and Charges:
Data | InstaForex | |
---|---|---|
Deposit-related Fees | No | |
Commissions on Withdrawals | Yes | |
Overnight/Swap Charges | Yes | |
Account Inactivity Fees | Yes | |
Currency Conversion Costs | Yes | |
Are bonus Programs Available? | Yes |
Security Protocols and Measures:
Data | InstaForex | |
---|---|---|
(2FA) available? | Yes | |
(SSL) security? | Yes | |
(AML) Policy Compliance | Yes | |
Know Your Customer (KYC) | Yes |
๐Brand Influence:
Data | InstaForex | |
---|---|---|
Twitter Follower Counts | 30.9K |
๐นForex Fixed Spreads:
Data | InstaForex | |
---|---|---|
EUR/GBP Spread Range | No | |
EUR/USD Spread Range | No | |
USD/JPY Spread Range | No | |
GBP/USD Spread Range | No | |
USD/CHF Spread Range | No | |
AUD/USD Spread Range | No | |
USD/CAD Spread Range | No | |
NZD/USD Spread Range | No |
Trade Execution Methods:
Data | InstaForex | |
---|---|---|
Direct Market Access (DMA) | No | |
Straight Through Processing (STP) | Yes | |
Electronic Communication Network (ECN) Execution | Yes | |
Market Maker Model | No | |
Non-Dealing Desk (NDD) Approach | Yes | |
First In, First Out (FIFO) Rule Application | No | |
4-Digit Decimal Pricing | Yes | |
5-Digit Decimal Pricing | Yes |
Order Types & Tools:
Data | InstaForex | |
---|---|---|
Stop Loss Orders | No | |
Take Profit Orders | Yes | |
Limit Orders | Yes | |
Fill or Kill (FOK) Orders | Yes | |
Trailing Stop Orders | Yes | |
Margin Call Alerts | Yes | |
One Cancels Other (OCO) Orders | No | |
Guaranteed Stop Loss Orders | No | |
Negative Balance Protection Measures | Yes | |
Minimum Trade Sizes | 0.00001 lots | |
Maximum Trade Sizes | 100 lots |
Available Asset Classes:
Data | InstaForex | |
---|---|---|
Forex Currency Pairs | 107 | |
Cryptocurrencies | 107 | |
Commodities | 2 | |
Equities | - | |
Market Indices | 7 | |
Exchange-Traded Funds (ETFs) | No | |
Futures Contracts | 5 | |
Options Contracts | 5 | |
Bonds | No | |
Metals | No | |
Agricultural Products | No | |
Energy Resources | No | |
Interest Rates | No | |
Penny Stocks | No | |
Initial Public Offerings (IPOs) | No | |
Asset Blends | No | |
Dow Jones Index | No | |
FTSE 100 Index | No | |
DAX Index | No | |
Nikkei 225 Index | No | |
Gold Market Trading | No |
Special Account Features:
Data | InstaForex | |
---|---|---|
Multi-Account Manager (MAM) | Yes | |
Percentage Allocation Money Management (PAMM) | Yes | |
Social Trading Integration | Yes | |
Copy Trading Support | Yes | |
Lot Allocation Money Management (LAMM) | No |
Supported Trading Techniques:
Data | InstaForex | |
---|---|---|
Scalping Strategies | Yes | |
Hedging Techniques | Yes | |
Spread Betting Opportunities | No | |
Automated Expert Advisor (EA) Integration | Yes | |
Virtual Private Server (VPS) Options | Yes | |
Application Programming Interface (API) Support | Yes |
Trading Tools and Features:
Data | InstaForex | |
---|---|---|
One-Click Trade Execution | Yes | |
Signal Trading Availability | Yes | |
Price Alert Notifications | Yes | |
Number of Chart Indicators Offered | 51 | |
Number of Chart Drawing Tools Provided | 31 | |
Direct Trading From Charts | Yes | |
Customizable Watchlist | Yes |
Mobile Trading Compatibility:
Data | InstaForex | |
---|---|---|
Android App | Yes | |
iOS App | Yes | |
Windows Mobile App | Yes | |
Mobile Trading Signal Integration | No | |
App for Smartwatches | No | |
Forex Mobile Trading | Yes | |
CFD Mobile Trading | Yes | |
Alert Notifications on Mobile Devices | Yes | |
Mobile Charting and Drawing Tools | Yes | |
Languages Supported on Mobile App | en, ar, es, po, ru, ind, chi | |
Watchlist Feature on Mobile App | Yes |
Commodity Offerings:
Data | InstaForex | |
---|---|---|
Crude Oil Trading | No | |
Natural Gas Trading | No | |
Silver Markets | No | |
Platinum Trading | No | |
Copper Trading | No | |
Soybean Contracts | No | |
Corn Markets | No | |
Gold Markets | No | |
Lithium Markets | Yes |
Stock Trading Fees:
Data | InstaForex | |
---|---|---|
Apple Shares | $0-$2.50 | |
Amazon (AMZN) Shares | $0-$2.50 | |
Invidia Shares | $0-$2.50 | |
META Shares | $0-$2.50 | |
Ford Motor Co Shares | $0-$2.50 | |
Alphabet (GOOGL) Shares | $0-$2.50 | |
BP Shares | $0-$2.50 | |
Tesco Shares | $0-$2.50 | |
Barclays Shares | $0-$2.50 | |
Lloyds Shares | $0-$2.50 | |
Adobe (ADBE) Shares | $0-$2.50 | |
Microsoft (MSFT) Shares | $0-$2.50 | |
Nvidia (NVDA) Shares | $0-$2.50 |
Index Trading Fees:
Data | InstaForex | |
---|---|---|
FTSE 100 Fee Structure | No | |
S&P 500 Fee Structure | No | |
Dow Jones Fee Structure | No | |
Nasdaq Fee Structure | No | |
CAC 40 Fee Structure | No | |
DAX 30 Fee Structure | No | |
Nikkei 225 Fee Structure | No | |
Euro Stoxx 50 Fee Structure | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
Data | InstaForex | |
---|---|---|
Bitcoin Fees | 0%, 0%, Up to 2% | |
Ethereum Fees | 0%, 0%, Up to 2% | |
Ripple Fees | 0%, 0%, Up to 2% | |
Binance Coin Fees | 0%, 0%, Up to 2% | |
Cardano Fees | 0%, 0%, Up to 2% | |
Solana Fees | 0%, 0%, Up to 2% | |
Polygon Fees | 0%, 0%, Up to 2% | |
Dogecoin Fees | 0%, 0%, Up to 2% | |
Chainlink (LINK) Fees | 0%, 0%, Up to 2% | |
Polkadot (DOT) | 0%, 0%, Up to 2% | |
Avalanche (AVAX) | 0%, 0%, Up to 2% |
Available Trading Platforms:
Data | InstaForex | |
---|---|---|
cTrader Desktop App | No | |
cTrader Web Interface | No | |
Mirror Trader Platform | No | |
ZuluTrade Integration | Yes | |
MT4 Desktop Interface | Yes | |
MT4 Web Platform | Yes | |
MT5 Desktop App | Yes | |
MT5 Web Interface | Yes | |
Tradingview | No | |
Proprietary Desktop Software | No | |
Proprietary Web-based Platform | Yes | |
Mac-Compatible Platform Options | No | |
Sirix Trading Platform | No |
Education Resources:
Data | InstaForex | |
---|---|---|
Education Offerings | Yes | |
Webinar Offerings | No | |
Platform Tutorial Videos | Yes | |
Beginner-Level Trading Videos | Yes | |
Expert-Level Trading Videos | No | |
Tutorial guides | No | |
Terminology Glossary | Yes |
Customer Support Options:
Data | InstaForex | |
---|---|---|
Callback Request Feature | No | |
Email Support Availability | Yes | |
Telephone Support | Yes (24/5) | |
Live Chat support | Yes | |
Offered Support Languages | en, bul, cz, de, es, fr, ne, po, pol, ru, slo, it |
Research-Tools:
Data | InstaForex | |
---|---|---|
In-Depth Professional Reports | Yes | |
Social Trading Features - Social Newsfeeds | Yes | |
Economic Event Calendar | Yes | |
Daily Email With Trading Ideas | No | |
Analysis From Trading Central (Recognia) | No | |
Analysis From Delkos Research | No | |
AutoChartist Tool | No | |
Trader Sentiment Metrics | No | |
Twitter-Based News Updates | No | |
Facebook-Based News Updates | Yes | |
Daily Market Commentary | Yes |
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