The Company
InstaForex, part of InstaForex Group, is an MM forex broker headquartered and registered in Russia. This broker has been providing online trading services to traders worldwide since 2007. InstaForex’s product portfolio is pretty impressive. It includes 107 currency pairs, 88 CFDs on US stocks, futures, gold and silver, Bitcoin on both MetaQuotes’ platforms, as well as options trading (via the InstaForex Option Trade).
In 2017 the broker acquired a license with the Central Bank of Russia (CBR). The CBR is Russia’s financial mega-regulator which oversees the banking and all other financial markets in the country. As of 1 January, 2016, locally-based forex brokers are required to be licensed by CBR in order to operate in the country. However, foreign brokers are still allowed to target local citizens without any significant restrictions and most market participant continue to operate in the country through their foreign units.
Before obtaining the license, the broker's forex services in Russia were rendered soley by Insta Service Ltd, a company registered in Saint Vincent and the Grenadines. At present, SVG legislation does not require a special license for a forex service provider. As for the stock market, InstaVector Investment Company Ltd, a brokerage company within InstaForex Group, has been holding a license for a professional service provider since 2008. In addition, InstaForex is the developer of MT5.com - a universal portal with variety of tools and services, available to all traders. The community there is quite active and helpful.
Company Overview
Company Name
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InstaForex Group
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Headquarters
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4A Pobedy Square , Kaliningrad Passage Business Center , Office 610 , Kaliningrad , 236022
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Website
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Regulation
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Cysec , FCA , FSC
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Trading Instruments
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Forex , Futures , Indices , Metals , Shares , Cryptocurrencies
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Trading Platform
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MT4 , MT5
(desktop , mobile , webtrader & multiterminal)
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Deposit /
Withdrawal
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Neteller , Skrill , WebMoney , PayCo , UnionPay , AliPay , Maestro , Bank Wire , Local Depositor
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Bonus
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No Deposit Bonus $1500 , LFC Intership Bonus 100% , Deposit Bonus 30% to 55% , Instaforex Club Bonus
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Services
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Forex Options , ForexCopy System , PAMM , InstaWallet , Free VPS Service
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Customer Service
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Live Chat
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Trading Accounts
Account type
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Min./Max. deposit
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Minimum trade size
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Maximum leverage
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Spreads (Commission)
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Insta Standard
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$1
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0.01
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1:1000
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Fixed 3 pips
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Insta Eurica
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$1
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0.01
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1:1000
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0 pips + 0.03% / 3 pips
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Cent Standard
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$1 / $1000
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0.0001
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1:1000
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Fixed 3 pips
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Cent Eurica
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$1 / $1000
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0.0001
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1:1000
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0 pips + 0.03% / 3 pips
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InstaForex offers its clients a choice of 4 account types, which can be divided into two categories: Standard and Eurica ones. All of them are accessible via depositing just $1 and offer leverage up to 1:1000, Cent and Micro account option (with 0.0001 minimum trade size) and annual interest rate of 5% (accrued on the last day of each month).
While Standard accounts offer fixed spreads and are commission-free, Eurica ones provide Forex trading without spread, which is quite unusual. Nonetheless, a commission of 0.03% applies to trades on Eurica accounts, which equals a 3-pip spread.
Besides, InstaForex provides Swap-free (Islamic) services, as well as a PAMM accounts service - a tool of collective investing in projects rendering investment services. Every client of InstaForex Company can accept investments from other traders or invest funds in someone else`s account and become a share owner in this account.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.
