For beginners, InstaForex xcritical courses scam offers video tutorials and downloadable training courses. Finally, online webinars are available to both novice and established investors, as well as demo accounts. InstaForex.eu offers a great variety of methods for deposits and withdrawals, designed to provide their traders with something that works for just about anyone, wherever they are. As with the vast majority of online broker services, InstaForex.eu utilizes spreads and commissions, which vary according to the specific account you hold. Yes, InstaForex is suitable for scalping, allowing traders to execute high-frequency trading strategies with tight spreads and fast execution. InstaForex charges transaction commissions only on Insta.Eurica and Cent.Eurica accounts, amounting to 3 dollars per 1 lot.
What is the minimum deposit?
The company’s contests, campaigns, and bonuses, reveal the broker to be a business that cares about its traders’ experience. Though some of the fees and commissions are pricey, those looking for educational tools and high-tech software have come to the right place. Trading fees of InstaForex are higher than the competitors. Most other brokers offer around 1 pip markups while the Insta account offers from 3 to 7. One good thing that is good about InstaForex is xcritical that there are no inactivity fees or deposit and withdrawal fees.
Customer support
Due to this, we will use only Standard account for our examples. According to our research, the majority of Instaforex customers are from the former Soviet Union countries. Also, customers from Malaysia and Germany account for a big part of the broker’s customer base. Instaforex is geared towards traders from CIS countries, even training materials are mostly in Russian. I think this is a big flaw that needs to be addressed if the company wants to develop.
Instaforex compared with alternative brokers
InstaForex provides several account types, including Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica, as well as institutional and managed accounts. Those who are looking to get started in trading with the smallest investment possible will appreciate InstaForex. With their $1 minimum, new traders can enter the market at their own pace, without concern about initial costs. There are also deposit and withdrawal fees that vary by payment system type. They do charge a dormant account fee of $5 for accounts that have been inactive for six consecutive months. In most cases, the dormant fee is waived for the first three months of inactivity.
- I believe that it is actually on par with the desktop version.
- InstaForex offers several deposit methods, including bank wire, credit/debit cards, cryptocurrency wallets, and e-wallets like Skrill and Neteller.
- This high-frequency trading platform enables ultra-fast data flow and quick trade execution.
- InstaForex offers a wide variety of trading instruments, including forex pairs, share CFDs, indices, precious metals, energies, commodity futures, and cryptocurrencies.
- Nevertheless, they do not promise guaranteed profit and do not protect against potential risks, so caution is necessary.
Online support is available to help you during the registration process if need be. I found the process to be relatively straightforward and received my login details almost instantly. I was extremely impressed with the very vast array of detailed educational materials available to traders ranging from trading courses, tutorial videos and daily market analysis. I would say they are one of my top choices of broker for when it comes to educating traders. If you are a beginner, then I would certainly give them consideration along with other brokers who have plenty of content such as FXTM.
Finally, when you need a resource for everything about forex brokers, TopBrokers has you covered. This includes our guide to basic forex terms for those new to trading. We also encourage you to check out our forex broker comparison tool before making a decision. Community reviews and expert recommendations offer a comprehensive snapshot of InstaForex’s strengths, weaknesses, and overall customer experience.
Communication within the fxcriticals is very lively, with experienced traders sharing information and helping the beginners understand the basics and subtleties of trading. However, to the broker’s credit, Instaforex customers can set up a two-factor authorization for accessing their personal account. For this, you need to select the Security tab, and Two-Factor Authorization. Noteworthy, the procedure for opening an account with the European branch – Instant Trading EU (regulated by CySEC) differs substantially. In order to open an account on instaforex.eu, you will need to pass the procedure that meets the EU standards. On the screenshot below, can see the types of financial markets available for trading on the trading platform of Instaforex.com.