INSTAFOREX- Review | Genzi Investing

INSTAFOREX Review

InstaForex is a trustworthy broker with a wide selection of Forex trading products and cutting-edge technology. The InstaForex platform is simple to use, and the InstaForex broker offers a variety of low-cost deposit options, professional education, and an analysis section.

INSTAFOREX Pros & Cons

Pros

Minimum deposit requirement is 1USD only.
Low accrued interest on account balances and free indicators on InstaForex withdrawal.
Low commissions make brokers feel secure. They recommend InstaForex because of this particular reason to others.
Various currency pairs with several licenses to operate worldwide with great success.
Many bonus programs like No Deposit Bonus, Club Bonus, Bonus of 30%, 55%, and 100%.
Multilingual support.
Great Islamic account support system.
Passive income programs and great investment advice are provided by the InstaForex broker.
Strong analytical support unit, educational programs, and contests.
No hidden charges on the deposit size and when depositing funds.
Excellent service and user-friendly innovative approach to creating great trading opportunities.
Worldwide sponsorships, great investment recommendation, seamless withdrawal process, great profit rate for a trader, and many other benefits for informational purposes are provided by the website.

Cons

Offshore jurisdiction regulations are not yet efficient.
Trading accounts not used for more than a year charges a dormancy fee of about 10 dollars per month. The overnight fee is charged from the first itself of dormancy, which means that the clients have to pay 120 dollars fine, accumulating everything at once.
Commission on Trading on energies and indices is quite high.
Customer support service sometimes is not that efficient in answering queries.

INSTAFOREX Overview

Type of BrokerNon-Advisory/Executionary Broker (ECN/STP)

Regulation & LicensingCyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)

Clients Accepted from 120 countries around the world

Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies

Platforms Available PU Prime App, PU Social, WebTrader, MetaTrader 4, MetaTrader 5, Mobile Compatibility, Android and iOS

Payment Types Accepted bank wire, credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, Skrill, Neteller

INSTAFOREX Account Types

Features

CFD Account

Spread Betting Account

Account Currencies

USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY

Available Leverage

1:500

Minimum Deposit

No Limit

$1000

Starting Spreads

0.0 Pips

1.0 Pips

Commission Per Trade

0.03%

0.07%

Min. Lot Size Per Trade

1.00

Max Lot Size Per Trade

10000

Demo Account

Yes

Swap/Rollover Free Option

Swap Free Islamic Account

Copy Trading Support

Yes

INSTAFOREX Compliance & Regulation

InstaFintech Group has been operating in the forex industry since 2007 and for this period it has managed to firmly establish itself, reaching the top place in the industry and introducing innovative IT-solutions. The broker adheres to the highest levels of quality, working in accordance with the international laws and local standards of particular countries. Thanks to that, InstaForex has a reputation of a reliable partner which provides its clients with safe trading environment.