Instaforex is a forex broker that offers CFDs on Forex, stocks, indices, commodities and cryptocurrencies in addition to currency pairs. It is a subsidiary of INSTANT TRADING EU LTD, which is a company that is licensed in Europe by the regulatory authority CySEC, thanks to which it can legally offer its services to citizens from the Czech Republic and Slovakia. The minimum deposit with the broker is set at $1. You can choose from different types of accounts.
Instaforex – Broker Overview
Instaforex Trading Platform
Instaforex offers the MT4 trading platform along with the ForexCopy system, which allows you to copy trades of other traders. MT4 is a popular platform in the forex world that can be used not only for manual trading, but also for analyzing the market or for automated trading. MT4 can be downloaded free of charge to your computer, or you can use the MT4 WebTrader platform, which also works in a web browser.
Instaforex Fees (spreads)
Just like any other CFD broker, Instaforex charges a spread fee. For the current value of this fee, please visit the Instaforex website. We have prepared here a small comparison table where you can find the amount of Instaforex spread fees on popular currency pairs compared to 2 other popular CFD brokers. You can read more about them on our website.
Plus500** 0.6 0.7 1.1 0.6 XTB** 0.8 1.4 2.0 1.7
*Minimum spreads for standard account. Spread data was taken from the broker’s website on 27.09.2019 at 15:25 GMT.
**Spread value was taken from the broker’s trading platform on 26.09.2019 at 12:26
Instaforex Review Summary
Instaforex must comply with the strict regulatory guidelines of the CySEC regulatory authority. The broker offers the popular MetaTrader 4 trading environment. The spreads that Instaforex charges are quite decent. The broker’s website is in Czech, but the translations are so awful that we could not include the broker among the companies that offer Czech language support.
- decent spreads
- regulated broker
- bad translation to Czech language