InstaForex Review 2023: A Closer Look at a Global Forex Broker

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InstaForex is a global brokerage brand offering Forex and CFD trading and excellent all-around services to over seven million customers. With multiple high-profile sponsorships, InstaForex has established itself as one of the most well-known and fastest-growing global brands.

Read this whole review to learn more about this international trading platform and decide if InstaForex is right for you.

Overview of InstaForex

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InstaForex is a prominent online forex and CFD trading platform founded in 2007. With its headquarters in Russia, the platform offers a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies.

It is recognized for its user-friendly interface, various trading account options, and advanced trading technologies like the MetaTrader 4 and MetaTrader 5 platforms. Traders can access a variety of educational resources, market analysis, and trading tools to enhance their trading experience.

The company also organizes regular contests and promotions for traders. InstaForex’s emphasis on innovation and customer service has contributed to its reputation as a well-regarded broker in the online trading industry. Traders should exercise due diligence and caution when engaging in financial trading activities.

Regulation and Security of InstaForex

When it comes to regulation and security, InstaForex takes it seriously. As an international broker, InstaForex is regulated in several jurisdictions to provide service to clients worldwide.

InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license number 158/11. CySEC is a regulatory body of the European Union, ensuring InstaForex follows strict rules around capital requirements, client funds segregation and transparency.

InstaForex is also regulated in Russia, Belarus, Ukraine, Kazakhstan, and the British Virgin Islands. Multiple regulations mean your funds and information are protected under the laws of several countries.

To keep your account and money secure, InstaForex uses advanced encryption technology and two-factor authentication is available. Client funds are held in segregated accounts at top-tier banks and are covered under the Investor Compensation Fund for up to €20,000 per client.

With solid regulations in place and security measures you can trust, you can trade with confidence knowing InstaForex is a legitimate broker that follows best practices. Their dedication to following regulatory requirements and keeping client data and funds safe is why so many traders around the world choose InstaForex as their broker.

Overall, InstaForex is a properly regulated and secure broker where your money and information are in good hands. You can feel at ease opening an account and trusting them to responsibly handle your trading needs.

What you Can Trade on InstaForex?

InstaForex offers traders access to over 250 trading instruments, so you have a lot of options. You can trade:

Currency pairs

InstaForex offers 60 currency pairs, including major, minor, and exotic pairs. The major pairs like EUR/USD and GBP/USD are the most liquid and popular. The minor pairs and exotics are riskier but can offer more opportunity for large price swings.


You can trade some of the most popular cryptos against the US dollar, including Bitcoin, Ethereum, Litecoin, and Ripple. Crypto trading is very volatile but also potentially highly rewarding.


InstaForex offers traders the ability to trade stocks of major companies like Apple, Facebook, Tesla, and more. You can go long or short on stocks and leverage your positions for higher potential returns.


For traders interested in broader market exposure, InstaForex offers popular stock indices like the S&P 500, Nasdaq, DAX, and Nikkei. You can trade the indices of various countries and regions.


InstaForex allows you to trade commodities like gold, silver, oil, natural gas, and copper. Commodities often move independently of stocks and currencies, so they can provide important portfolio diversification.


InstaForex offers a selection of popular exchange-traded funds (ETFs) that track sectors like technology, finance, and biotech. ETFs provide an easy way to invest in segments of the market.

So in summary, InstaForex gives you access to trade forex, cryptocurrencies, stocks, indices, commodities, and ETFs—all from a single trading platform. You have lots of opportunities and flexibility as a trader with InstaForex.

Fees of InstaForex

InstaForex keeps its fees straightforward and transparent. As a trader, there are a few types of fees you’ll want to keep in mind:

Minimum Deposit

To open an account, InstaForex requires a minimum deposit of $1. You can then fund your account through a variety of payment methods.

Payment Methods

InstaForex accepts deposits and withdrawals through credit/debit cards like Visa and Mastercard, as well as e-wallets such as Skrill and Neteller. Bank wire transfers are also accepted. Most methods process deposits instantly so you can start trading right away.

Withdrawal Fees

Making a withdrawal from your InstaForex account is free for most methods, though bank wires may incur a small fee from your bank. The withdrawal processing time depends on the method – e-wallets are the fastest at just 1 business day, while wire transfers can take 3 to 5 days.

Overall, InstaForex keeps its fees very competitive. The low minimum deposit, free withdrawals, and variety of funding options make it easy and affordable for traders of all experience levels to get started. Their transparent fee structure and multiple payment methods are two of the reasons InstaForex is a trusted broker.

Demo VS Pro Account on InstaForex

Aspects Demo Pro
Purpose Practice and Learning Active Trading and Professional Use
Initial Capital Virtual Funds (Simulated) Variable, typically higher initial deposit
Trading Environment Simulated Market Conditions Real Market Conditions
Leverage Often High Leverage Variable, but usually lower than the Demo account

InstaForex Customer Support

InstaForex provides customer support 24 hours a day, 5 days a week. They offer support in over 30 languages via:

  • Live chat on their website and mobile app
  • Email
  • Phone

Live Chat

The live chat feature on InstaForex’s website and mobile app allows you to connect directly with a customer service representative. Response times are usually within a couple of minutes. The representatives are knowledgeable about InstaForex’s products and services and can help answer any questions you may have about your account or platform issues.


You can send an email to for any non-urgent inquiries or questions. InstaForex aims to respond to all emails within 24 hours. Be sure to provide details about your issue or question to get a helpful response.


For critical issues that require immediate assistance, you can call InstaForex’s support hotline. The numbers for each country are listed on their website. Phone support is available 24/5.

InstaForex’s customer service team gets very good reviews from traders for their quick response times, politeness, and ability to resolve issues. The range of contact methods and availability of support in many languages makes their customer service very accessible. The level of service provided by InstaForex helps give traders peace of mind that any issues will be addressed promptly and professionally.

Is InstaForex Legit or Scam?

InstaForex is a legitimate forex broker, not a scam. They are properly regulated and have been operating since 2007. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and licensed by the Financial Conduct Authority (FCA) in the UK.

They also have licenses from several other regulators like BAPPEBTI in Indonesia and CNMV in Spain. Proper regulation means your funds and personal information will be kept secure.

InstaForex uses advanced encryption technology to keep your data and transactions safe. They offer two-factor authentication, and DDoS protection and store funds in segregated accounts at top-tier banks. You can deposit and withdraw money through secure payment processors like VISA, Mastercard, Skrill, and Neteller.

Pros and Cons of InstaForex

When considering InstaForex as your broker, weigh the pros and cons to determine if it’s the right fit for your needs.


  • Regulated and secure: InstaForex is regulated by reputable agencies like CySEC, FCA, and BVI FSC. Your funds and data will be secure.
  • Wide range of assets: You can trade over 250 assets including forex, stocks, indices, commodities, and cryptocurrencies. There’s something for every trader.
  • Competitive fees: InstaForex has no commissions on most trades and low spreads. The minimum deposit is just $1 and they offer a variety of free deposit and withdrawal options.
  • Great customer support: InstaForex provides 24/5 support via phone, email, and live chat. They also have an extensive education center if you’re new to trading.


  • Limited platform options: The main options are MT4 and MT5 which may lack advanced tools for experienced traders. The web trader platform is basic.
  • Pushy sales: InstaForex frequently contacts clients to encourage them to deposit more money or take advantage of bonuses and promotions which some may find annoying.

Final Thought

With the InstaForex review, you now have a better sense of what to expect if you open an account with them. From their regulation and security to the range of tradable assets and competitive fees, InstaForex seems to tick a lot of boxes for traders looking for a reputable broker.

Their customer support also appears responsive and available 24/5 to help you with any questions. Overall, InstaForex comes across as a legitimate broker that could be worth a try if you’re in the market for a new Forex broker. 



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