Broker Type: STP
Regulation: FFMS in Rusia
Headquarter: Kaliningrad, Russia
Established: 2007
Forex Broker reviewed: InstaForex

InstaForex is a Russian-based STP broker with quite fast growth rate. Over the years, they’ve opened multiple offices over multiple countries; this physical presence truly helps their clients to receive better services. The countries they’ve established representative offices are US, UK, Switzerland, Malaysia, Indonesia, Georgia, and Kazakhstan. Today, InstaForex has about 220 representative offices around the world.

Pros and Cons

Pros
1. Fixed spread; it will stay fixed even when news is released, thus make them great choice for news trader.
2. Low swap rate
3. MT4 and MT5 trading platform
4. Segregated account
5. Fast withdrawal

Cons
Some traders reported re-quotes while trading via InstaForex

1. Spread

InstaForex is STP broker who offers fixed spread; the spread for EUR/USD is 3 pips, which is the standard in the industry. They won’t raise the spread even during news releases; this is their statement.

Furthermore, they also offer Eurica account which has 0 pip spread, but charge commission.

2. Leverage

InstaForex offers up to 1:1000 leverage, which can be considered the highest among other forex brokers.

3. Commission

As STP broker with fixed spread, InstaForex is gaining profits from the spread, thus no commission charged. The Eurica account doesn’t have spread, but there are commissions charged.

4. Deposit and withdrawal

Very low minimum deposit of $10. There are wide selections of deposit methods, from electronic payment to wire transfers. The fund is kept in a segregated account to protect the client’s capital from risks of any force-majeur situations, connected with company’s activity. In accepted sense of the term ‘the segregated account’ means storage of clients’ funds separately from funds of the company.

If you create InstaForex Master Card, you could draw fund from your trading account directly to this card. For security purpose, you could also activating SMS service feature. When activated, an SMS-password will be required for every withdrawal.

5. Strategies (EA, hedging, scalping, swap-free Islamic Account)

InstaForex doesn’t limit trading strategies. Traders are allowed to use forex robots; hedging and scalping also allowed. Islamic account also provided for those with religious or other reasons.

In addition, PAMM system also provided. With PAMM, you could trade for an investor or have your funds managed by other people (ie fund manager).

6. Trading Platform

Provide the well-known MetaTrader4 and MetaTrader5 platform, as well as web-version and mobile-trading version.

Additionally, their trading server is quite unique. This is their statement:

“The system of InstaForex servers and data centres accounts for 8 trading servers and 50 data centres all over the world which ensure equal distribution of load among them. Such extensive network allows to render reliable and high-quality service to more than 500 000 clients from every corner of the world and to make trading process with InstaForex Company even more convenient. Regardless of the location, every trading server is functioning stably and accurately, bridging the gap of thousands kilometres from one server to another for 0.2 second. Any client of InstaForex Company opening a real trading account can choose the location of a trading server depending on his/her preferences and residence.”

7. Citizenship

Accept all citizens except US citizens.

8. Trading instruments

107 currency tools, 34 CFD contracts on American shares, as well as to handle GOLD transactions.

9. Execution Type: instant execution

10. Regulation

This is their statement:

“InstaForex Company is a member of the Russian Association of Financial Market Members. The guideline of the RAFMM activity is a formation of honest, mutually beneficial and trust relations between traders and companies that provide entry services on the world financial platforms. The major aim of the RAFMM is an operative, right decision making for dispute settlement between clients and finance companies.”

Here’s the link as proof of the regulation:

http://www.ffms.ru/ru/contributors/trademarket/exchangeintermediary/
line 1493

http://www.ffms.ru/ru/contributors/financialmarket/market_professional_operators/dealers/list_dealers/list_dealers3/
line 577

InstaForex Review – Conclusion

Overall, a good regulated broker with many advantages. Their numerous representative offices would be a huge plus, giving you the feel of “local broker” you could visit anytime.