In 2007 Instaforex was established by InstaTrade Corporation, allowing currency trading, CFDs and binary options as the only MetaTrader broker. A total of 88 CFDs are provided with 107 currency pairs.
This is not a factor influencing our InstaForex review. The company is popular for marketing sponsorship in various sports. Since its inception, they have claimed on its website that more than seven million traders have opened accounts.
InstaForex offers two main account types: Insta. Standard (ECN / non-dealing desk) and Insta. Eurica (dealing desk). Both accounts have only a minimum deposit of USD 1.
Insta.Standard accounts for an average of three to seven pips depending on the pair. There are no commissions for Insta. Standard reports; instead, the commission is available for the spread.
Insta.Eurica accounts charge a commission for transactions, which varies between 0.03% - 0.07%.
When it comes to market research, it offers a mixed offer. The most important advantages include blogs published by Instaforex on blogs, technical analysis posts via MT5 and InstaForex TV, Instaforex video offers, which on average produce six films with forex news each day. Conferences, weekly reports, and other informative videos are also accessible.
It is a broker based only on MetaTrader4. This means that it offers the MT4 platform package from MetaQuotes Software Corporation, the creator of popular MT4 and MT5 platforms for desktop computers, mobile devices, and the Internet.
Because InstaForex is a broker based only on MetaTrader, the mobile versions of the MetaTrader 4 application for iOS and Android are standard and can be downloaded from both the Apple iTunes store and the Android Play store.