Forex Peace Army considers InstaForex to be a scam and recommends against this broker

The PAMM system is for money managers who need to manage the funds of several investors and investors who wish to invest any amount into a managed account. The money manager charges a success fee whereas investors can benefit if the account makes profit. InstaForex provides a PAMM monitoring tool where you can check statistics https://limefx.vip/ over a period of time and filter by a range of parameters to only display the accounts relevant to you. If you are looking for a PAMM solution, you might want to also consider FXGiants as an alternative. As with all managed accounts and copy trading, past performance is by no means any guarantee for future performance.

The broker has a range of excellent platforms for you to choose from to trade the global markets depending on your own unique needs and trading objectives. You can use the powerful and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MetaTrader limefx official site is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile platforms are useful for those who need to trade whilst on the go. InstaForex also offer their very own web trading platform – WebIFX.

Support

However, traders opening other InstaForex accounts can expect 1.2 pips. 0.1% commissions are also charged to equity CFDs as well as on cryptocurrencies. While the commission structure is acceptable, the spreads in all account types, except the Insta.Eurica account, is not very competitive. Every InstaForex client is free to choose a trading platform that can be tailored to their needs.

InstaForex platform support is average compared to other similar brokers. InstaForex offers a limited number of base currencies compared to other brokers. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. InstaForex’s trading fees are average compared to other similar brokers.

InstaForex Review 2023: Is It a Legitimate Broker?

During this time, I tried to cooperate with all brokers, but each of them had its own shortcomings. There are no problems with withdrawing funds, promotions are extremely difficult, technical support always works promptly. I consider this broker an ideal option not only for beginner traders, but also for professionals. For example, you may join up for a free trading limefx course that includes more than 16 distinct lectures to enhance your trading skills. When you are rapidly losing money and expect something suspicious, you can also get in touch with customer support and resolve all queries as their teams are always eager to help you out. InstaForex offers a one-of-a-kind opportunity to receive a 100% bonus on your first LimeFx.

• That means that it offers the platform of MT4 suite from MetaQuotes Software Corporation.
• Clients can deposit and withdraw via ACH or SEPA transfers, PayPal, Skrill, Visa/Mastercard (Credit/Debit), Bank Wire, and Crypto.
• InstaForex offers different types of partnerships, and Introducing Brokers is one of them, where all registered affiliate partners can earn up to 67% of the company‘s profit.
• InstaForex has 9 sports athletes as brand ambassadors including Daria Kasatkina, Ilona Korstin, Viswanathan Anand, etc.

The InstaForex signup bonus is structured as a +100% bonus program with a minimum deposit requirement of $1 USD. This website seems to offer cryptocurrency information and or services. Cryptocurrency services like bitcoin exchanges, crypto-mining, and trading services are considered high-risk. Please read our article How to check if a cryptocurrency site is legit or a scam.. This broker has too many competitions to mention, ranging from giving away cars to holding pageant awards for “Miss InstaForex” of the particular year. There are sniper trading competitions, demo account competitions, and more.

InstaForex Demo Account

Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries. Out of the many brokers existing now, I am fortunate enough to become a trader at Instaforex. There was one time when I withdrew an amount of $380 but only $280 was credited to my debit account.

However, I think it is fair to say that MT4 is considered more of a forex trading platform whereas MT5 is geared more towards stock trading. Regardless, I don’t think that you can go wrong with either platform if you are looking for the most accessible way to trade the markets from your desktop computer and mobile phone. Social trading in the retail sector is growing in popularity and InstaForex EU supports this via its ForexCopy system. This offers a sound system for traders who lack the resources required to manage a portfolio properly, and the minimum LimeFx starts at just $10. Traders who offer their strategies have access to the entire pool of over 7,000,000 traders and growing while collecting a commission if their strategy is successful. Retail traders who provide a stable trading strategy but lack the required capital can boost their revenue stream through the ForexCopy system.

InstaForex Review

I like how there are over 10 ways for you to make account deposits and withdrawals. These methods include bank transfer, credit card and online payment processors. This gives greater flexibility for the needs of each individual client. For instance, I prefer digital wallets as I find it to be the quickest way to get funds into my trading account which is important if I need to act quickly on some market news. On the other hand, those without a digital wallet may be happy to wait a few days for a bank transfer to clear whilst they experiment on a demo account.

We do not provide financial advice, offer or make solicitation of any LimeFxs. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

Customers get more significant opportunities to make a winning deal, because of the opportunity of extended selection of expiration time and the change time for beginning operation. And the reputation that traders achieve during trade gives them hope for withdrawing money without any problems. Besides all of this, you can get access to service Life Feed from a broker. This service provides the opportunity to monitor all necessary information for options trading. Such information includes data about operations with options and the demonstration results of other traders that work with this service and many others.

• We aim to help you find the best broker according to your own needs.
• Its numerous bonuses, contests, and promotions keep traders busy by competing for the prize rewards even on demo accounts.
• As the name implies, InstaForex is primarily a Forex broker, which is evident in the excellent basic currency asset range.
• We identified keywords that indicate that the company may offer very high-risk financial services, meaning services that may offer a high return; but also a high likelihood of losing (all) your money.
• InstaForex offers six trading accounts, three of which are market execution ECN accounts, a market execution OYS account, and two instant execution accounts.

Here you will find daily video analyses and breakdowns of the market. This section complements the others while giving users an option between video and text-based analysis and breakdowns. The chief strategist section is a section devoted to Dean Leo, who is InstaForex’s chief strategist. This section gives a breakdown of his trades, predictions, his strategy, and his secrets. If you understand technical analysis and want to look at a professional perspective on it, then this section is for you. After logging in to your account, you will be taken to the client area, where you can get a full overview of your account.

The bonus is free, but you must meet certain requirements to withdraw your whole winnings. Unfortunately, there aren’t many Forex brokers who will provide you with that opportunity. The HotForex MultiTerminal platform allows you to handle numerous accounts simultaneously from a single interface. Users of the HotForex MT4 Terminal will discover a very familiar trading experience with all of the power of the MT4 and even more capabilities.

InstaForex also offers a demo account with virtual funds that can be topped up on request. Demo accounts are a great way to practice trading in a risk-free environment, and it gives traders an opportunity to familiarise themselves with InstaForex’s platforms. Unlike other brokers, no commissions are charged on the ECN accounts, and trading costs are included in the variable spreads.

The only information that is given is that of clients wanting to open segregated accounts with the broker. Eurica accounts do not require any spread to be paid for opening a trade for most currency instruments of this account type; zero spreads are applied. Last up for beginners and even a section experienced traders can take advantage of is the Knowledge Base.