InstaForex, a popular forex trading platform, ✅ 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.🔍👀
Key Takeaways
| →InstaForex is a prominent online forex broker catering to traders worldwide. |
| →The platform supports various trading instruments and tools, along with demo accounts and educational resources. |
| →Beginners need to assess risks, monitor regulations, and gather ample market knowledge before committing to forex trading. |
📍Elite Signals offers real-time insights
➤ Elite Signals | Stock, Crypto, & Forex
✍️ InstaForex: The Basics 🖥️
Table of content
- ✍️ InstaForex: The Basics 🖥️
- 💼 A Glimpse into InstaForex’s Company Background 🌐
- 🛠️ InstaForex Features and Tools 🎛️
- 📊 Trading Instruments: Diverse and Flexible 🧭
- 🖥️ Trading Platforms: MetaTrader 4 and 5 🔄
- 📚 Trading Education: Promoting Success in Trading 🎓
- 🖱️ Demo Accounts: Practice Makes Perfect 🏋️♂️
- 🆚 InstaForex: Pros and Cons 🏆🥉
- 🟢 Pros of Trading with InstaForex 🎯
- 🔴 Cons of Trading with InstaForex 🚧
- 📚 Taking the First Steps with InstaForex 🚶♂️👣
- 1️⃣ Sign Up and Create an Account ✍️
- 2️⃣ Choose the Right Account Type 💼
- 3️⃣ Fund Your Account: Deposit and Withdraw 💳
- 4️⃣ Download the Trading Platform 📥
- 5️⃣ Demo Accounts: Practice and Learn 🤓
- 6️⃣ Engage in Forex Trading: Real Account, Real Profits 📈💰
- 🔮 InstaForex: A Worthwhile Platform for Beginners? 🎉
- InstaForex Trading: • Learn more about InstaForex📝
- 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. 🌍 Providing access to various trading instruments, including forex pairs, cryptocurrencies, CFDs, stocks, and commodities, the platform caters to a variety of trading needs.📈📊
💼 A Glimpse into InstaForex’s Company Background 🌐
📑🔒 InstaForex operates under supervision and holds a license from the British Virgin Islands Financial Services Commission. 💱✅
🛠️ InstaForex Features and Tools 🎛️
InstaForex offers an array of tools and features that pique the interest of both novice and professional traders. 🌟 Let’s delve into the key aspects of the platform:
📊 Trading Instruments: Diverse and Flexible 🧭
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. 🪙💰
🖥️ Trading Platforms: MetaTrader 4 and 5 🔄
InstaForex supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms—both known for their flexibility and advanced capabilities. Users can access these platforms on various devices, including desktop, mobile (Android and iOS), and web versions. 📲💻
📚 Trading Education: Promoting Success in Trading 🎓
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.📝🧠
🖱️ Demo Accounts: Practice Makes Perfect 🏋️♂️
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. 👨💻👍
🆚 InstaForex: Pros and Cons 🏆🥉
As with any trading platform, InstaForex has its share of positives and negatives. Let’s examine each side:
🟢 Pros of Trading with InstaForex 🎯
- Wide range of trading instruments and assets 🎰
- MT4 and MT5 platforms with comprehensive tools ⚙️
- Demo accounts for risk-free trading simulations 🎮
- Extensive education resources for beginners and professionals 📖
- Competitive trading conditions, including tight spreads and fast execution 🚀
🔴 Cons of Trading with InstaForex 🚧
- Does not accept traders from certain countries, including the United States ❌
- Occasionally slow customer support response times 🐌
- Limited deposit and withdrawal methods compared to other brokers 💸
- Trading fees and spreads may vary depending on account types 🔀
📚 Taking the First Steps with InstaForex 🚶♂️👣
InstaForex offers a user-friendly environment for new forex traders. Here’s a quick rundown of getting started with the platform:
1️⃣ Sign Up and Create an Account ✍️
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. 🆔🔏
2️⃣ Choose the Right Account Type 💼
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. 🗂️🎯
3️⃣ Fund Your Account: Deposit and Withdraw 💳
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. 💵💹
4️⃣ Download the Trading Platform 📥
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. 🖱️🖥️
5️⃣ Demo Accounts: Practice and Learn 🤓
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. 🎓✊
6️⃣ Engage in Forex Trading: Real Account, Real Profits 📈💰
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. 🧑💼🌟
🔮 InstaForex: A Worthwhile Platform for Beginners? 🎉
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. 🚀📉
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. 🎯🏆
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.
(Data
last updated:
14-09-2023)
🏢Company 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) |
📍Elite Signals offers real-time insights
➤ 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) |
🏛️Tier 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 |
🏛️Tier 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 |
🏛️Tier 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 | - |
📂Account 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 |
💰Deposits 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 |
🌐Brand Influence:
| Data | InstaForex | |
|---|---|---|
| Twitter Follower Counts | 30.9K |
💹Forex 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 |
InstaForex Trading: • Learn more about InstaForex📝
InstaForex Basics:
About InstaForex:
InstaForex Features:
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
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