InstaForex Review Malaysia
Dear forex trader, in this article we will make a review of InstaForex broker, we call it InstaForex review Malaysia, apart from personal experience we also look for other reliable sources of reference, for example from forexpeacearmy dot com, so you will get the new picture about this broker before deposited your own money
InstaForex is part of InstaForex Companies Group from Russia which provides online trading services to customers from various parts of the world since 2007.
At present InstaForex clients, both beginner and professional traders, have spread in 50 countries and mainly in Europe and Asia. InstaForex is supported by a young, energetic and professional team of directors and teams.
Although it not a factor in review about Instaforex, this company is known as a marketing sponsor in various sports. From the very beginning, InstaForex claims on its website that more than seven million traders have opened accounts.
- Company Profil InstaForex
- Trading Conditions in InstaForex Brokers
- InstaForex Trading account
- InstaForex Security of Funds
- InstaForex Minimum Initial Deposit
- InstaForex Spreads & Commissions
- InstaForex Leverage
- InstaForex Trading Platform
- InstaForex Payment method
- InstaForex Review Trader
Company Profil InstaForex
|Company||Instant Trading Ltd|
|Headquarters||30 Teatralnaya, offices 402, 501, 516, 236022, Kaliningrad, Rusia|
|Regulator||Instant Trading Ltd regulated by FSC British Virgin Island (SIBA/L/14/1082), Insta Service Ltd registered at FSC St Vincent and the Grenadines (No IBC22945)|
|Deposit and Withdraw||Wire Transfers, Credit Cards, Bitcoin, and various ePayments (Skrill, Neteller, etc.) and local exchanger.|
|Website language||27 languages including Indonesian, Malay, English, Vietnamese, Korean, Russian, Spanish, Thai, Laos, etc.|
Trading Conditions in InstaForex Brokers
|Trading platform||MT4 for PC, Web, and Mobile, and Multi Terminal; MT5 is also available for PC and the Web.|
|Instrument Trading||More than 100 Forex pairs, individual Stock CFDs, Stock Index, Gold, Silver, Oil, and other CFDs|
|Type account||Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica|
|Spread||Variable Spreads from 3-7 pips (Standard account), or 0 pips (Eurica account).|
|Minimum deposit||1 USD|
|Account currency||USD, EUR|
|Minimum lot size||0.0001 (cent account)|
|Commission||Commission-free (Standard account), or commission 0.03% -0.07% per standard lot (Eurica account)|
|Free Swap Account||Available|
InstaForex Trading account
InstaForex offers a choice of 4 types of accounts for its clients, divided into two categories: the standard and the Eurica.
All have an initial deposit of only $ 1 and offer leverage of up to 1: 1000, options for Cent and Micro accounts (with 0.0001 minimum trade size) and annual interest rates of 5% (imposed on the last day of each month).
And for Standard accounts offers fixed and commission-free spreads, while Eurica provides Forex trading without spread, which is very unusual. Nonetheless, a 0.03% commission applies to trade on a Eurica account, which is the same as a 3-pip spread.
When registering, you can choose the free account or Islamic account swap option because InstaForex provides Swap-free (Islamic) services, as well as PAMM account services – a collective investment tool in projects that provide investment services.
Every InstaForex Company client can receive investments from other traders or invest funds in other people’s accounts and become shareholders in this account
InstaForex Security of Funds
InstaForex brokers are operated by two companies: one of which is registered overseas, and the other is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The instrument products offered by InstaForex are very impressive. There are 107 currency pairs, 88 CFDs on US stocks, futures, gold and silver, Bitcoin on both MetaQuotes platforms.
InstaForex Minimum Initial Deposit
To start trading with InstaForex, you can deposit only $ 1 and the unusual thing is that this minimum initial amount is set to all types of accounts, so this offer is very low compared to other brokers.
InstaForex Spreads & Commissions
InstaForex broker offers fixed spreads, which are rather high, at 3 pips on EUR / USD. This trading fee on a Eurica account with zero spread is practically the same, which is subject to a 3 pips commission, and most fixed spread brokers offer 2 pip spreads.
InstaForex offers a maximum level of leverage of 1: 1000. Maybe with high leverage, it can break your risk management, so consider carefully before choosing it.
High-leverage trading allows traders to control large amounts of capital with maximum profit, however, if not used in combination with the right risk management strategy, it can cause huge losses.
InstaForex Trading Platform
InstaForex offers a trading platform for Metatrader 4 and also Metatrader 5
MT4 is a trading terminal that is very popular internationally, offering a full spectrum of trading tools and resources:
Complete trading platform with more than 50 default technical indicators, including a variety of Expert Advisors (EA) and extensive back-testing options.
InstaForex broker also provides VPS hosting services (free for clients with an account balance of more than 5,000 USD) to ensure continued operation of EA.
InstaForex also offers MetaTrader 5, a trading platform that has better features than MetaTrader 4.
MT5 allows the execution of orders in several financial markets and stock exchanges through one trading account.
This platform features advanced charting packages, trading and analysis tools, warnings, signals, EA and adjustable indicators.
In addition, this broker provides a Forex Copy system designed to allow traders to copy orders from successful traders online. Every ForexCopy system user can follow a profitable trading strategy by selecting Traders on public monitoring lists and copying their successful trades.
InstaForex Payment method
InstaForex payment methods are quite diverse, offering clients various payment methods: credit/debit card, bank transfer, MegaTransfer, Paxum, PayCo, Skrill, Neteller, Boleto, BPay.md, ePay.bg, CartaSi, ePayments, Dankort, Payment Standards Electronics, Nordea SOLO, POLi, PostePay, Przelewy24, iDeal, SOFORT, Trustly, QIWI, Bitcoin, and a number of local transfers.
In addition, with the help of the InstaWallet system, each InstaForex customer can transfer money to another company’s client account
InstaForex Review Trader
With a variety of massive promotions, InstaForex broker managed to get millions of client traders in various countries, attractive bonus promotion programs making this broker a place in the hearts of traders
But not all traders get good experience with InstaForex, some traders complain about their unpaid withdrawals with a variety of reasons
There are even traders who suddenly trade accounts are blocked by the anti-fraud department, even though the funds in these accounts amount to thousands of dollars, and if this is the case it will usually be difficult to return the account to being active again
However, some other traders stated that there was no problem with the services provided by InstaForex and every withdrawal they paid was smooth
So in this case besides InstaForex providing massive promotion also they are not always a safe company, thus if trading with them is better with money that affords to lose
There is indeed a difference in trader experience as can be seen in some large sites like InstaForex review forexbrokerz or InstaForex review forex peace army,fxempire, rating dot com,babypips dot com
Thus if you are a real trader, of course, you must be wise in choosing this company, and once again after you decide to choose InstaForex, you must obey the golden rules, investments in high-risk businesses, just spent money that affords to loss