InstaForex is one of the top forex brokers in the market today. Our forex review found it’s friendly to anyone from new traders to experts. It gives you the leverage that you need to make big winning trades, offers low spreads and you can start with any size deposit, from as low as $10 to an eye popping $100,000. They’re a great company to consider when you’re trying to decide which broker you want to do business with.
InstaForex was established in 2007 in Russia by InstaForex Companies Group and it bills itself as the best broker in Asia. They currently have over 50,000 individual and corporate clients and attract over 400 new traders every day. It is regulated by the Russian Service for Financial Markets and is also a member of the Russian Association of Financial Market Members. InstaForex also has over 200 offices in various cities and countries throughout the world.
Opening an Account
What attracts most traders to InstaForex is their support for all levels of deposits. You can start trading today with as little as $10 or as much as $100,000. No matter what size deposit you put in you will still get access to the same great trading tools and support they offer all of their customers.
Another great aspect of InstaForex is that they let you choose the leverage that you want to use while you are trading. You can trade using anywhere from 1:1 to 1000:1 leverage. Most other top forex brokers will only let traders trade with 200:1 or 400:1 leverage at the max. Having more leverage at your disposal lets you make the most money out of your winning trades. Leverage is a double edged sword however. While you’ll make more money when you have a winning trade, your losing trades will also lose more money. Know your risk limits before you engage in high leverage trading.
Not ready to start trading with real money yet? No problem. Unlike many of the other platforms in our brokers list, with InstaForex you have an unlimited demo account that you can use to trade until you are confident that you have the skills you need to make money in the market. InstaForex’s 24/7 support even applies to people with demo accounts, so if you have any questions you can ask support instead of clicking aimlessly around a website.
The Trading Platform
InstaForex uses the incredibly popular, powerful, and versatile MetaTrader4 platform. MetaTrader4 is powerful enough for advanced users with award-winning automated trading functions, but is intuitive enough for even beginning traders to figure out and start trading with a minimal learning curve. The software also comes packaged with 107 different currency tools, 24 CFD contracts that let you trade American shares, and you can also trade in the gold market.
Pip spreads on InstaForex range between 0 and 3 pips for major currency pairs. They are one of the only major brokers that allows for spread-free trading. Without a spread, you can see the market easier and make more profitable trades than ever before. For less popular currencies the spreads range from 1 to 7 pips.
InstaForex is also one of the only brokers that gives their clients interest on the money in their accounts. You accrue 13% interest yearly for any money that is in your account.
InstaForex is a great broker for novices and experts alike. There are deposit limits for everyone and they offer great leverage to get the most out of your trades.