InstaForex Broker Review

InstaForex Broker Review


InstaForex was established in 2007, serves over 2,000,000 global traders and is the single most popular Forex broker on the Asian continent.

InstaForex comes with tons of trading features, such as a ForexCopy system, the ability to trade futures and options, and traders can also choose to open a spread-free account and hedge their trading positions.

Here’s what you need to know about trading with InstaForex.

Types of Trading Accounts

InstaForex offers four different trading accounts: Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica. Unfortunately, deposits can only be made in USD and EUR. But luckily, the minimum deposit required to open any of their trading accounts is just $1 – arguably the lowest in the Forex industry.

The main difference between InstaForex’s Standard and Eurica accounts is the fact that Standard accounts pay a spread while Eurica accounts pay a commission for every open position. Their floating spreads range from 3 to 7 pips, with commissions ranging from 0.03% to 0.07% per position size. All accounts get access to the same amount of leverage for Forex pairs, at 1:1000. Leverage for Gold and Silver is 1:100, while CFD leverage stays at 1:20.

Forex Copy System

Social trading services, or copy trading features, are rapidly growing in popularity with the global investment community, which is why InstaForex has decided to implement their own ForexCopy System. ForexCopy allows traders to copy a percentage of other successful traders trades. Copied trades that yield profits for the traders followers will be charged a commission per order or lot. So whether your using someone elses signals or creating your own, you can still make a decent profit.

ForexCopy subscribers can adjust their copy settings to their liking. They can adjust the number of trades to copy per day, the percentage of trades to copy for a specific asset, which instruments cannot be copy traded,  and much more. ForexCopy is an incredibly useful trading feature not offered by every broker, so take advantage and reap the financial benefits that come with trading on the InstaForex platform.

Conclusion

InstaForex is an award-winning Asia-based Forex broker with an endless number of trading options and features. Both beginners and experienced traders can find a way to profit using one of InstaForex’s useful tools and services. And at just a $1 minimum deposit, there’s not much to lose.