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Want a low drawdown, non-martingale trading robot?Perfect for conquering prop firm challenges!

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Writer : Gerhard Waters


💡 Forex Brokers 💡


- Forex Brokers - InstaForex Brokers Founded in 2007, InstaForex is an online forex and CFD broker headquartered in Kaliningrad, Russia. The company is owned and operated by InstaForex Group, which also owns other trading brands like InstaFX, Insta Futures, and Insta Options.


📖 InstaForex provides forex, CFD, cryptocurrency, and stock trading services to clients in over 100 countries. It has registered offices in Russia, Ukraine, Kazakhstan, Latvia, and Cyprus. The company employs over 2,500 people worldwide.

📖 InstaForex positions itself as an innovative broker offering competitive trading conditions, advanced trading platforms, and a wide range of tradable products. It has won numerous awards from the forex industry over the years for its trading platforms, educational resources, and quality of service. The company is regulated in several jurisdictions.

📖 Today, InstaForex provides online trading services to over 7,000,000 clients around the world. It processes over 1,500,000 transactions daily with a daily trading volume exceeding $50 billion. The company continues to expand its products and services to cater to both new and experienced traders globally.

Trading Platforms (➕)

📖 InstaForex offers traders a choice of several trading platforms:

MetaTrader 4 (➕)

📖 MetaTrader 4 (MT4) is one of the most popular trading platforms in the forex industry. It provides advanced charting tools, a range of technical indicators, extensive backtesting options, and automated trading through Expert Advisors (EAs). MT4 supports algorithmic trading and copy trading via the MQL4 programming language. The platform is available on desktop, web, and mobile.

MetaTrader 5 (➕)

📖 MetaTrader 5 (MT5) is the newest platform from MetaQuotes Software Corporation. It includes everything in MT4 plus some additional features like an expanded set of indicators, improved strategy tester, economic calendar, and more order types. MT5 also supports trading multiple asset classes beyond just forex. The platform has desktop, web, and mobile versions.

WebTrader (➕)

📖 InstaForex WebTrader is an HTML5 web-based platform that requires no downloads or installations. It provides charts, technical analysis tools, instant order execution, and account management. WebTrader offers an easy way to access markets from any web browser on desktop and mobile. The interface is intuitive and easy to navigate. One drawback is it has fewer features than the MetaTrader platforms.

📖 The platforms offered by InstaForex cater to both beginner and advanced traders. MT4 and MT5 are packed with tools for analysis and automation, while WebTrader offers quick and simple market access through any web browser. Traders can choose the platform that best matches their needs and preferences.

Account Types (➕)

📖 InstaForex offers four main account types to suit different trader needs and styles

Cent Account (➕)

📖 The Cent account is InstaForex's micro account, designed for beginner traders or those trading with a low budget. The minimum deposit is just $1 and the maximum leverage is 1:1000. The spreads are slightly higher on this account type. The Cent account allows traders to get started and test strategies with low capital requirements.

Standard Account (➕)

📖 The Standard account is recommended for most traders. The minimum deposit is $100 and the maximum leverage is 1:1000. Spreads start from 1.2 pips on this account type. The Standard account offers a good compromise between spread cost and leverage flexibility for diverse trading needs.

ECN Account (➕)

📖 Experienced traders who prioritize tight spreads may opt for the ECN account. The minimum deposit is $100. Spreads start from 0 pips, but a commission is charged per lot traded. The ECN account provides direct market access for very low-cost trading, especially suitable for high frequency trading strategies.

Islamic Account (➕)

📖 InstaForex offers an Islamic account that complies with Sharia law and is Swap-free. The minimum deposit is $100 and maximum leverage is 1:1000. Spreads start from 1.2 pips. The Islamic account allows traders who cannot earn or pay swaps for religious reasons to trade forex in line with their beliefs.

Spreads and Commissions (➕)

📖 InstaForex offers competitive spreads and commissions depending on the account type.

📖 For ECN accounts, the spreads start from 0 pips on major currency pairs. The more ECN account volume, the lower the spread offered. Commissions on ECN accounts are $6 per lot round turn.

For Standard and Cent accounts, typical spreads are: (➕)

- 1-3 pips for major currency pairs (EUR/USD, GBP/USD etc) (➕)

- 3-5 pips on minor pairs (EUR/GBP, GBP/JPY etc) (➕)

- 10-30 pips on exotic pairs (USD/RUB, USD/ZAR etc) (➕)

📖 There is no commission for Standard and Cent accounts beyond the spread.

📖 The Cent account offers slightly higher spreads but allows trading in micro lots as low as 0.01 lots. This makes it suitable for beginners starting with a small account balance.

📖 Overall, InstaForex offers competitive variable spreads that compare well to other major brokers. The commission structure is straightforward. Traders can choose between fixed spreads with no commission, or variable spreads plus commission, depending on their preferences.

Leverage Options (➕)

📖 InstaForex offers high leverage ratios for forex trading. The maximum leverage ratios are

- 1:1000 for Micro accounts (➕)

- 1:500 for Standard accounts (➕)

- 1:300 for Eurica accounts (➕)

- 1:200 for Cent accounts (➕)

📖 The high leverage allows traders to enter larger positions with less capital. This can increase potential profits but also increases risk. Leverage amplifies both gains and losses.

📖 InstaForex offers higher leverage compared to many other brokers. For example, the maximum leverage allowed in the USA is 1:50 due to regulation. InstaForex can offer higher leverage in other countries.

📖 The high leverage ratios allow small account holders to take full advantage of forex moves. But traders need to use leverage wisely and manage risk appropriately.

📖 It's important to note that leverage is not free money. The full losses are still borne by the trader. High leverage simply provides more trading flexibility for those with smaller accounts.

Some key points for using leverage safely: (➕)

📖 - Consider your risk tolerance and experience level when setting leverage

- Use stop losses to limit downside (➕)

- Don't risk more than 1-2% of capital per trade (➕)

📖 - Monitor margin levels so positions don't get automatically closed out

📖 Overall, the high leverage ratios give traders more flexibility at InstaForex. This allows active trading strategies to thrive, especially for small accounts. But leverage still requires prudence and risk management.

Trading Instruments (➕)

📖 InstaForex offers a wide variety of trading instruments to suit different trading strategies and interests.

Forex (➕)

📖 InstaForex provides access to over 45 currency pairs, including all the major and minor pairs. This allows traders to capitalize on opportunities in the largest and most liquid financial market in the world. Popular pairs offered include EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CHF.

Metals (➕)

📖 For traders interested in commodities, InstaForex offers trading in gold and silver against the US dollar and euro. Gold and silver can act as safe haven assets during times of market volatility.

Indices (➕)

📖 Major global stock indices are available for trading, including US30, UK100, Japan225, Germany30, and Australia200. Indices allow exposure to the world's top companies and broader market trends.

Stocks (➕)

📖 Through a partnership with LiteForex, InstaForex provides access to over 100 popular stocks. Traders can buy and sell stocks from leading companies like Apple, Amazon, Twitter, Google, Coca-Cola, and more.

Cryptocurrencies (➕)

📖 InstaForex offers trading in major cryptocurrencies against the US dollar, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. This caters to traders interested in the cryptocurrency market.

📖 In summary, InstaForex provides a diverse range of trading instruments from forex, metals, indices, stocks, and cryptocurrencies. This variety caters to different trading interests and strategies.

Education and Research (➕)

📖 InstaForex provides a wide range of educational resources and research tools to help traders learn and improve their skills. This includes:

Learning Resources (➕)

📖 - Videos and Tutorials- InstaForex has an extensive video library with hundreds of tutorials covering different trading strategies, technical and fundamental analysis, how to use the trading platforms, and more. These are all produced in-house by InstaForex experts.

📖 - InstaForex TV- This is InstaForex's dedicated video channel with new broadcasts daily featuring market analysis, education, company news and more.

📖 - Forex Blog - InstaForex publishes frequent trading strategy articles, market forecasts, education and other content on their Forex blog.

📖 - Glossary - An extensive glossary explains key Forex and trading related terms and concepts. This helps beginner traders understand the lingo.

📖 - VIP Coaching - For a fee, traders can get personalized one-on-one coaching from professional InstaForex traders. This provides tailored education based on your needs.

Analytics & Research (➕)

📖 - Trading Central - InstaForex has partnered with Trading Central to provide their technical analysis research within the platforms. This includes trading ideas, pivot points, support & resistance levels, and more.

📖 - Autochartist - Traders get access to Autochartist's pattern recognition scanner to identify potential trade opportunities automatically.

📖 - Forex Calendar - View an economic calendar of upcoming news events, earnings releases, speeches and more that can impact markets.

📖 - Market Analysis - In-house market analysts provide frequently updated fundamental and technical analysis reports as well as daily video forecasts.

📖 So in summary, InstaForex has a comprehensive set of educational resources, analytics tools, trading signals and research to help traders of all levels improve their knowledge and skills.

Customer Support (➕)

📖 InstaForex provides customer support through several channels including live chat, phone, email, and local branches.

Live Chat (➕)

📖 The live chat feature on InstaForex's website and trading platforms allows traders to get immediate assistance from support representatives 24 hours a day, 5 days a week. Support is available in multiple languages. The live chat box prominently displays estimated wait times so traders know what to expect before reaching out.

Phone Support (➕)

📖 InstaForex provides local phone numbers for over 45 countries. Support over the phone is available 24 hours a day, 5 days a week. Phone support can assist with general inquiries as well as technical and account-related issues.

Email Support (➕)

📖 In addition to live chat and phone, traders can contact InstaForex support by email. The email address is [email protected]. Standard response times are listed as within 24 hours.

Local Branches (➕)

📖 InstaForex has local offices and branches in various countries and cities including Moscow, Kiev, Almaty, Dubai, and Jakarta among others. Traders can visit a local branch for in-person support and consultation. Having physical locations can provide traders extra assurance and convenience for certain needs.

📖 The multiple contact methods ensure InstaForex traders have access to timely support around the clock during market hours. The broker aims to provide knowledgeable representatives who can effectively address traders' questions and concerns.

Security and Regulation (➕)

📖 InstaForex operates under a number of regulations and licenses to ensure the security of funds and protection for investors.

📖 - InstaForex is regulated by the Russian FFMS (License No. 039/13). This ensures the company follows strict standards for capital adequacy, auditing, and reporting. Client funds are kept in segregated accounts separate from company funds.

📖 - The company is a member of the Russian National Forex Association and also has offshore licenses from the BVI FSC, confirming compliance with international standards.

📖 - Client funds deposited with InstaForex are not protected by any investor compensation scheme or fund in most regions. However, European clients may be eligible for compensation up to €20,000 under the Investor Compensation Fund.

📖 - InstaForex uses SSL encryption and other security measures like two-factor authentication to protect client data and prevent unauthorized access.

📖 - Overall, InstaForex adheres to most major regulations for an international forex and CFD broker. They offer good security of client funds compared to many offshore brokers. However, lack of compensation coverage in some regions is a risk investors should consider.

Pros and Cons (➕)

📖 InstaForex offers traders a wide range of trading instruments across various markets and asset classes. Here is a brief summary of some of the key advantages and potential drawbacks of using InstaForex:

Pros (➕)

📖 - Offers access to forex, commodities, stocks, indices, cryptocurrencies, and ETFs all from one account

- Provides high leverage up to 1:1000 for forex trading (➕)

📖 - Has competitive spreads starting from 0 pips on major currency pairs

📖 - Supports a wide range of order types including pending orders and stop losses

📖 - Features advanced trading platforms like MT4 and MT5 with mobile apps

- Allows scalping and hedging (➕)

- Has no minimum deposit requirement (➕)

📖 - Provides educational resources, analysis tools, and 24/5 customer service

Cons (➕)

- Does not accept US clients (➕)

📖 - Limited funding and withdrawal options for certain countries

📖 - High leverage can lead to magnified losses if used improperly

📖 - Trading costs may be higher for exotic currency pairs or CFDs

📖 - Website and platforms only available in certain languages

- Spread markup, re-quotes possible during volatility (➕)

- Unregulated in some jurisdictions so risks exist (➕)

📖 Overall, InstaForex offers traders competitive trading conditions but be sure to understand the risks of leveraged trading. Do your own due diligence on regulation and security before opening an account.


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