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
|
InstaForex Group
|
Headquarters
|
4A Pobedy Square , Kaliningrad Passage Business Center ,
Office 610 , Kaliningrad , 236022
|
Website
|
|
Regulation
|
Cysec , FCA , FSC
|
Trading Instruments
|
Forex , Futures , Indices , Metals , Shares , Cryptocurrencies
|
Trading Platform
|
MT4 , MT5
(desktop , mobile , webtrader & multiterminal)
|
Deposit /
Withdrawal
|
Neteller , Skrill , WebMoney , PayCo , UnionPay , AliPay , Maestro , Bank Wire , Local Depositor
|
Bonus
|
No Deposit Bonus $1500 , LFC Intership Bonus 100% , Deposit
Bonus 30% to 55% , Instaforex Club Bonus
|
Services
|
Forex Options , ForexCopy System , PAMM , InstaWallet , Free VPS
Service
|
Customer Service
|
Live Chat
|
Trading
Accounts
Account
type
|
Min./Max.
deposit
|
Minimum
trade size
|
Maximum
leverage
|
Spreads
(Commission)
|
Insta
Standard
|
$1
|
0.01
|
1:1000
|
Fixed 3
pips
|
Insta
Eurica
|
$1
|
0.01
|
1:1000
|
0 pips +
0.03% / 3 pips
|
Cent
Standard
|
$1 / $1000
|
0.0001
|
1:1000
|
Fixed 3
pips
|
Cent
Eurica
|
$1 / $1000
|
0.0001
|
1:1000
|
0 pips +
0.03% / 3 pips
|
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.
