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InstaForex review and ratings

Established 2007
Location Cyprus Saint Vincent and the Grenadines British Virgin Islands
Regulation CySEC, BVIFSC
Offices Limassol, Kingstown, Road Town, Hong Kong, Dubai, Jakarta, Kiev, Moscow, Bangalore, Kuala Lumpur, Lagos, Dhaka, Guatemala, Zhangjiakou, Balti, Huancayo, Almaty, Accra, Islamabad, Tunis and 200+ more
Broker type MM | Binary
Leverage up to 1:1000
Deposit from 10 USD
Spreads high  high
Platforms Web MetaTrader 4 MetaTrader 5 Specific Binary Platform
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller UnionPay Trustly Qiwi ePayments iDeal Sofort Bitcoin Liteсoin Tether POLi Giropay Przelewy24
Type 'Standard' demo (no commission)
Login 64719012
Password TpS68GTE
Server (
Updated 31.07.2021 (Active)
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Equity Growth: 156%

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Company information

InstaForex group includes 3 related companies.

InstaForex CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
InstaForex BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
InstaForex SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG company accepts European traders, so one can open a trading account there.


InstaForex group accepts clients from all over the world, excluding USA and some third-world countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for FX trading.

110+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
7 Indice Cash CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
7 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
5 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
3 Metal Futures Based on Gold, Silver and Copper.
7 Energy Futures Based on Crude Oil (WTI, Brent), Heating Oil, Gasoline and Natural Gas.
14 Soft Futures Based on Wheat, Soybeans, Soybean Oil, Soybean Meal, Corn, Orange Juice, Lumber, Cocoa, Coffee, Cotton, Sugar, Live Cattle, Lean Hog, Feeder Cattle.
90+ Stock CFDs Based on shares of US companies.

Forex broker offers the following underlying assets for Binary Options trading (visit

20+ Currency Pairs Based on major and minor world currencies.
1 Crypto BO Based on Bitcoin.

Comprehensive review

InstaForex is a large and global online brokerage established in 2007. Although the team and top management is mainly Russian, the broker is today registered and regulated in several offshore jurisdictions around the world, including the EU jurisdiction of Cyprus. It offers very high trading leverage of up to 1:1,000 in the entities regulated outside of Europe, which fortunately also accept European traders.

InstaForex maintains a large number of so-called introducing brokers around the world. These are independent companies that receive commissions for all trading activity generated by the clients they introduce to the broker. Currently, InstaForex claims it has 260 such offices spread out around the world, providing a steady flow of new clients to the broker.

The broker offers a special “ForexCopy System” where inexperienced traders can choose to automatically copy the trades made by more experienced traders with good track records. The traders to follow can be chosen based on 20 searchable criteria, and the copy-trading set-up can be cancelled at any time.

Another unique benefit with InstaForex is the large video library available on its website as part of its “InstaForex TV” initiative. Here, traders can watch interviews with leading trading experts from around the world, technical analysis gurus, and others to get inspired and learn more about profiting from forex and other financial markets.

The trading instruments offered by InstaForex include all the usual things, plus a few extras. The selection of forex pairs is particularly good with this broker, with more than 110 currency pairs available to choose from, which is far more than most other brokers. In addition, the broker offers CFDs based on the stocks of more than 90 American companies, 5 cryptocurrency pairs, as well as commodities and stock indices CFDs.

In contrast to many other brokers these days, InstaForex also offers binary options based on a variety of underlying assets for traders who prefer that method of trading.

In order to trade binary options, however, clients will need to use the InstaBinary platform. This is a web-based trading platform that runs directly in the user’s web browser window, which means there is no need to download any software. The platform is developed by InstaForex to meet the needs of binary options traders in particular, and comes with nice and clean charts for easy trading.

Another trading platform developed by InstaForex is WebIFX. This platform also runs directly in the trader’s browser, and can be used to trade both forex and CFDs on a range of assets. The platform is well-designed, with a minimalistic and simple look, and with charts from the popular charting service TradingView.

In addition to these trading platforms, the MetaTrader 4 (MT4) platform is also available for traders who prefer to stick with this classic trading platform which has stood the test of time in the retail trading community. Update: InstaForex has also added the MetaTrader 5 platform in 2020.

InstaForex offers four different account types for clients to choose from based on their individual needs:
– Insta.Standard Account, with wide spreads and no commissions
– Insta.Eurica Account, with no spreads and commissions from 0.03%-0.07%
– Cent.Standard Account, designed for new traders and with wide spreads
– Cent.Eurica Account, for new traders with tight spreads and commission-based trading

Lastly, customer service is available 24 hours a day, with local phone numbers for nine countries, as well as through popular apps like Telegram, WhatsApp, Skype, and others channels.

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