InstaForex is a Russian based trading platform, which is receiving a huge success these days. An example of their massive growth is the number of office and set up in many countries. The offices are located physically, and this helps the clients in getting better communication. The countries which they targeted for the offices are UK, US, Malaysia, Switzerland, and Indonesia.
Pros and Cons
Pros:
• Spread is fixed, and it will always remain fixed.
• Swap rate is low.
• MT5 and MT4 trading platforms.
• Account is segregated.
• Withdrawal is very fast.
Cons:
• Re-quotes problem is quite obvious with some traders.
Features:
1. Spread: Fixed spread is being offered by the InstaForex. For a popular currency pair like EUR/USD, the spread rate 3 pips which is what going in the industry. Don’t expect the spread to increase.
2. Leverage: The offered leverage by InstaForex is 1:1000. This level of leverage is highest among all other service providers.
3. Commission: Instaforex is gaining all of its profit through a fixed spread. Hence, it won’t charge any extra commission. There is another account with the name of Eurica, which has no spread, but it is charged for the commission.
4. Deposit and Withdrawal: The minimum allowed deposit is $10. One can deposit funds from various sources like credit cards, wire transfer, and moneybookers. To protect the account from risk, the funds are maintained in the segregated from. You can withdraw funds if you have a master card of InstaForex. You can also activate SMS feature for security.
5. Strategies: Trading strategies are not limited on the InstaForex. Traders are free to use techniques like hedging, scalping, and forex robots. Islamic account is also available for Muslims.
6. Trading Platform: The trading platforms that are provided by the InstaForex are Meta Trader 5 and Meta Trader 4. Along with that mobile-based trading is also available.
7. Citizenship: Except US, all citizens are allowed.
8. Trading instruments: It trades with over 107 currency tools along with 34 CFD contracts.
9. Execution type: Execution is very fast.
What Instaforex offers :
1) Micro and Mini and Standars forex accounts : Insta.Standard accounts are safe to use all kinds of operators and allows the placement of the classic operations spreads and no commissions. The main advantage of this type of account is its universality. A trader with an account Insta.Standard can change the level of leverage at any time and work with any band of deposits which feel more comfortable. Account capabilities allowing operation with Micro Forex (minimum deposit 1-10 USD), Mini Forex (minimum deposit $ 100, and Standard Forex (minimum deposit $ 1,000).
2) Instaforex PAMM account – where other traders trade for you :
InstaForex introduces a new service only in terms of transparency and confidence in investing in Forex, PAMM, which can offer efficient cooperation and mutually beneficial relationship between investors and managers during operations in the financial markets.
The ideal solution for managing accounts is the PAMM (Multiaccounts allocation or percentage of invested capital).
The PAMM account is an account of operations consisting of one or more investor accounts, where operations are performed by our expert consultants.
On this account unite all capitals one capital investors, managed from a single account, this ensures that the gains and losses are distributed among the investors according to the capital contributed by them to this account.
Advantages of PAMM
for Investor: simplifies the investment process, minimizing risks;
for the Manager: provides the convenience of access to greater capital, thus increasing the possibility of greater profits and market flexibility.
Account Management system is a surefire PAMM for you to invest your capital without any limitations on the minimum or maximum amount of investment: all investments from $ 1 to hundreds of thousands of dollars.
Provides the ability to carry out any re-investments are desired: there are no limits on the number of possible investments.
Provides the ability to view transactions in real-time PAMM.
Only the investor has access to make withdrawals from their own.
Payment of the proceeds from the PAMM account to the account of the investor is done automatically.
The investor is entitled to withdraw its investment in the PAMM when deemed appropriate unless there is an agreement in time of maturity of the investment.
3) Forex Competitons : You can apply for free for the best forex contests. Get free demo forex contests. Read about instaforex contests as :The Fast Ride from The Best Broker Contest , InstaForex Sniper , Lucky Trader, InstaForex Great Race 2011, Real Scalping InstaForex, Beauty contest InstaForex-2012, Chancy Deposit 2012, “One Million Option” by InstaForex, Rally FX-1 contest for traders arranged by InstaForex.
Here you can win a lot of forex contest prizes.
Conclusion
Overall, the experience with Instaforex is amazing. It is a regulated broker with a lot of advantageous. With numerous offices worldwide, one can get local support at any time.
Source : InstaForex Review – the best and the most popular Forex Broker in Asia
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