InstaForex | Brokerscout.ai

Broker bonuses

1
rating rating rating rating
79%
InstaForex
  • Bonus:
    1000$
Added 22.12.2023
Claim bonus! Details

Basic information

The broker, with 17 years of experience in the industry, promises long-term stability, but the TrustPilot rating of 2.6 raises questions about the level of customer satisfaction. It is also noteworthy that the company has only two licenses - BVI and CySEC - which can be seen as a lack of transparency and trust compared to brokers with broader regulatory coverage.

Years in business 17
Trustpilot rate 2.6
Regulation BVI, CySEC

Support and education

Information that will help the trader to interact with the broker, as well as to engage in self-education.

The broker provides 24/7 support and service in 17 languages, which creates a convenient environment for clients at any time of the day and in different regions. The availability of introductory videos and videos on working with the platform enriches the educational experience. A comprehensive glossary and articles provide clients with quality educational material. Two trader calculators can limit analytical capabilities. Advanced courses and certifications emphasize the commitment to providing clients with a deeper level of education. Webinars and offline sessions complement clients' learning experience, creating a more complete educational environment.

Support schedule 24/7
Support languages 17
Onboarding videos Yes
Platform videos Yes
Deposit & withdrawal videos No
Glossary & articles Yes, extended
Trading calculators 2
Courses & Certificates Extended courses
Webinars Yes
Offline sessions Yes

Promotions

Information about broker's bonus programs.

The broker actively encourages its clients with various promotions. Providing non-deposit bonuses up to $100 with additional conditions, as well as welcome bonuses over 50% of the deposit, creates financial opportunities for traders, but is associated with certain requirements. Bonuses for subsequent deposits in the form of a percentage of the deposit are also provided with additional conditions. Cashback provided in the form of trading bonuses can be an additional incentive for active market participants. Organizing tournaments with real money as prizes adds an element of competition to the trading experience. The "Bring a Friend" promotion complements the broker's attractiveness by giving clients the opportunity to receive additional benefits for attracting new traders if certain conditions are met.

No deposit bonuses Yes, up to 100$
Welcome bonus Yes, over 50% by deposit
Retention bonuses Deposit bonus
Cashback Yes, bonus independed
Tournaments / Contests Yes, cash as prize
Refer-and-Earn Yes, reward bonus

Platforms

Information about the main trading platforms of the broker.

The broker supports both popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but it should be noted that MT5 is only available for Windows users. In addition, the broker provides its own trading platform. Copytrading is carried out in the form of social trading. At the moment, the broker does not have any signal providers. This information can be important when choosing a broker and trading platform.

Metatrader 4 Desktop, mobile
Metatrader 5 Desktop
Own platform Desktop, mobile
Copytrading Social
Signal providers Several

Trading

Information about the broker's trading and traded assets.

The broker provides Islamic trading accounts with a maximum leverage of up to 1:1000 and a minimum leverage of 1:1, which is Shariah compliant. In total, traders have access to 406 assets, including commodity rollover. Also, the availability of synthetic assets adds variety to the investment options for clients.

Islamic accounts Yes
Max leverage 1:1000
Min leverage 1:1
Assets: total count 406
Assets: currencies Major, minor, local exotic
Assets: cryptocurrencies 11
Assets: stocks 215
Assets: commodities 21
Assets: commodities rollover Yes
Assets: Indices Major, minor, exotic
Assets: synthetics Yes

Deposit and withdrawal

Information about the interaction between the trading account and the broker.

The broker offers trading accounts with basic currencies of the forex market (FX Majors). Users have the opportunity to withdraw funds, although there is a commission for this operation. Account replenishment is carried out without additional commissions. The minimum deposit is less than $10, which makes the platform available to a variety of investors. The minimum withdrawal amount is not limited, which provides flexibility in financial management.

Account currencies Major
Withdrawal commission Yes
Deposit comission No
Minimum deposit 10$
Minimum withdrawal Any

Screenshots

Home page of the site (desktop)
Home page of the site (desktop)
Home page of the site (mobile)
Home page of the site (mobile)
Personal cabinet (desktop)
Personal cabinet (desktop)
Personal cabinet (mobile)
Personal cabinet (mobile)
Main page
Main page
Currency list
Currency list
Buy/sell EURUSD
Buy/sell EURUSD
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Many of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk Warning

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility