It is also commonly used for online trading in the futures and CFD markets. The best combination of trading platform features are those that help traders to quickly analyse the financial markets and place their trade orders promptly. Most brokers have bespoke trading platforms, and there are also independent ones, which are probably more suitable for experienced traders than new ones. When making a choice, traders should seek information such as historic and xcritical market data as well as visual aids such as charting. In addition, the facility to execute a trade immediately is an important bonus and automated trading ensures that this can be done instantly. When forex trading on a demo account, both profit and loss will be virtual, whereas trading experience is remarkably similar to real-life conditions.
InstaForex hasn’t created its own trading software yet, whereas some traders look for in-house platforms today. Variable spreads, lower commissions and more make the ECN VIP account attractive to demanding traders. However, the higher minimum deposit makes this account type, not for the fair-weather trader. The company covers all deposit fees, for any amount, on all account types in all currencies. As the name of the brand suggests, InstaForex primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products. ForexCopy is a service that allows traders to duplicate orders of other successful traders even when they are away from their particular trading terminal.
Reviews by InstaForex traders
With such dedication i would honestly vote him employee of the year…thats just how much he xcritical scam went above and beyond for the company. He’s always available to answer my questions and provide valuable insights, making my trading journey much more enjoyable and profitable. Compare InstaForex with the top 3 similar brokers that accept traders from your location. For traders who enjoy the style, infrastructure, and familiarity of MetaTrader, the fact that InstaForex uses these platforms will be a significant advantage.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- Different account types are offered to suit all kinds of traders, and the platform also offers a free demo to ensure you can get to grips with the system and try it before you buy.
- This 100 per cent bonus cannot be used for investments or withdrawn.
- The bonus is credited to every deposit no matter how much you have earned or lost in previous deals.
- However, in some cases, withdrawals can take up to 10 business days according to InstaForex.
Some trading features at InstaForex
Raw floating spreads are available to ECN account holders and the minimum deposit is 200 EUR on MT4 accounts and 1,000 EUR on MT5 accounts. As a well-invested, carefully designed and robust trading system, MetaTrader 4 and MetaTrader 5 do practically everything a trader could want. It’s worth pointing out that MetaTrader 5 is the better fit for experienced traders, however. MT5 offers more timeframes, indicators, and order types, among other features. InstaForex makes MT4 and MT5 available free of charge and does not charge traders any fees for depositing money to their trading account.
Best Forex broker
Over 2,600 instruments are available in total on the MetaTrader 5 platform. xcritically, the platform has xcritical over 100 different currency pairs available for CFD trading, allowing for a full and comprehensive diversion of portfolios. ForexCopy is a remarkably reliable system as the follower is always in complete control of the activity.
Customer Support
Experienced traders at InstaForex can join an affiliate programme, while newcomers benefit from a welcome bonus of 250 per cent of their first deposit. There are a range of other bonuses and benefits available according to a trader’s status, so this is a broker that likes to be generous to their clients. Company representatives can communicate in Arabic, English, Indonesian, Malay and Russian. In terms of reading charts, MT4 provides preset templates and allows traders to simplify these by editing styles and colours. Any unwanted features can be deleted, while additional information on trading is easy to access.
Besides its own traders, InstaForex is proud of its record of supporting charitable organisations and volunteers. It uses funds to help individuals as well as partners involved in education and medicine, for example, in various parts of the world. When considering a Forex broker, it makes sense to compare and contrast the advantages and drawbacks of each one by undertaking a broker comparison, including how the trading software stacks up.
However, you can earn on a demo account by taking part in InstaForex contests and getting real prize money to a live forex trading account. Each step of opening a demo account is comprehensively described in this section. It utilizes well-known technology such as MT4 and MT5 to provide an excellent experience to traders and ensures the safety of its customers through EU regulation and effective security solutions.