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Insta Forex Broker! Full review.
Company overview
InstaForex is fast growing brokerage company, provided qualitative trading services on Forex market. Cooperation with the biggest market makers and huge Brokers-contractors complete with broad client base provide InstaForex with high liquidity and opportunity to provide really fast on-line service to its clients.InstaForex Company is recognized as the best broker in Asia 2009, 2010, 2011 following the results of World Finance Award, the respectable reward in the world of financial markets, held by the World Finance magazine annually. One more established European magazine CNBC Business Magazine acknowledged InstaForex Company as the most dynamically developing Forex-broker in 2009.
Instaforex clients get access to the leading information technologies and high-quality goods of such famous companies like MetaQuotes Software (developer of the most famous trading platform), DowJones NewsWires (Forex and Stocks News), Reuters, e-Signal and other news agencies. An access to the wide spectrum is achieved by one trading account, opened with the company via Internet.
InstaForex team does all the best in order every client feels high level of services and assistance.
Available Platforms
Trading platform InstaTrader is the most dynamically developing trading platform based on MetaTrader 4 terminal. InstaForex trading terminal is provided for our clients for free including MultiTerminal and Mobile version for Windows Mobile. Trading terminal InstaTrader allows not only to execute deals on Forex market through InstaForex company but to receive quotations for the major currency pairs, crosses, world stock indexes and to carry out technical analysis, receive Forex news as well as news and reviews of the companies.Account Types
Each type of account offered by InstaForex represents universal trading tool that helps working on international financial markets. Regardless of the chosen account type, you will have access to every trading symbol available, when working with InstaForex.
To achieve a successful trading strategy for each trader, two account types were developed by the InstaForex Dealer Department specialists. Trading accounts types differ by their method of accounting spreads and commissions, which are picked by the trader, when opening an account.
Insta.Standard Trading Accounts
These types of accounts are relevant for standard trading terms on Forex market, and work without a fee. Once the trader accesses all trading tools, he pays a fixed spread, when settling each deal.
Insta.Standard accounts work for all types of traders and allows a deal to be settled with a classical spread and no fee. The main advantage of this type of account is its universality, as at any time a trader can change the trading leverage and work with any deposit rate convenient for him. The capabilities of the account allow trading with Micro Forex (minimum deposit 1-10 USD), Mini Forex (minimum deposit 100 USD), and Standard Forex (minimum deposit 1000 USD).
Insta.Eurica Trading Accounts
The account of this type does not require any spread to be paid at opening a deal. For most currency instruments of Insta.Eurica account type zero spreads are operated, due to this the BID price is always equal to the ASK price. It should be noticed that the offered price runs higher than the BID price (on the basis of which a chart in the trading terminal is plotted) by half of the standard spread for a given trading instrument which is rounded up to its integral value due to some technical peculiarities of the MetaTrader 4.00 platform.
This account type is recommended for newbies, because it is not necessary to take into consideration spread in case of the deferred orders usage: deferred order is executed exactly when a price reaches its value in case of zero spread. Before GTC orders placing and market entrance there is no necessity to calculate spread influence on the position result, this makes technical analysis usage highly effective.
Aside from the fact that Insta.Eurica accounts allow the newbies to get the hang of the market using more simple system of deals processing this account type can be also used by professional traders, because its trading characteristics are the same as at Insta.Standard account type.
Cent.Standard and Cent.Eurica trading accounts
Cent.Standard and Cent.Eurica account types are meant for beginning traders and oriented to those clients who just learn trading and for this purpose they need an access to the minimal deal volume as possible. On these accounts Micro Forex is available with the lot volume 0.0001 of the market lot (the lot cost is 0,1 US cent) allows practicing almost without any risks for deposit. Also this type of accounts will suit well for those who would like to try trading strategies with minimal risks using the deal advantage from 0.0001 lot.
Aside from availability of the smallest allowed deal volume - 0.0001 of the market lot, the owners of Cent.Standard and Cent.Eurica accounts have the same trading terms as Insta.Standard and Insta.Eurica. The only constraint is maximally allowed deposit size for cent group accounts of Cent.Standard and Cent.Eurica related to their directivity to the beginning traders. For more experienced traders it is recommended to open accounts of Insta.Standard and Insta.Eurica types which do not have any size constraints for maximal deposit and deal size.
Minimal deal size
Size limitation of the minimal deal equals to 1 lot (1 USD for a pip) for accounts of Standard and Eurica types with balance more than 100 000 USD or its equivalent in other currencies. For accounts with the balance more than 5 000 US Dollars or its equivalent in other currency; an introduction of the limitation on the size of the minimal deal in the volume of 0,1 lot (0,10 USD for a pip) is possible at the company's discretion.
Support
Instaforex provides 24 hour support. Every customer can contact company telephone, e-mail and several instant messengers. Even if you are using a demo-account, you can count on expert advice and get answers to all the questions you may have, until you become experienced enough to start working with a real account. The main goal of our customer support service, in our eyes, is politeness and effectiveness when dealing with customers.At present InstaForex Company is:
- The widest choice of trading conditions (leverages from 1:1 up to 1:1000, trading without a spread, the best swaps among all other companies, deposit of any size).
- More than 300 trading instruments including futures contracts NYMEX, CBOT and ICE - http://instaforex.com/specifications.php.
- Bonus system in the amount of 30% for EACH deposit.
- The most extended list of marketing instruments for clients attraction (including draw of Lotus Evora and Lotus Elis cars, and other campaigns and contests with the prize fund exceeding $500 000) - http://instaforex.com/forex_contests.php.
- Our own TV channel InstaForex.tv (to the contrary with other companies we do our own TV news not the TV news from the other sources).
- International trader portal MT5.com (the official resource of our company).
- The best broker in Asia and in Russia according to the results of international magazines (http://instaforex.com/media_about_us.php) and exhibitions (http://instaforex.com /awards.php).
- The opportunity to use The PAMM-accounts system http://instaforex.com/pamm_monitoring.php.
- More than 200 representative offices all over the world.
- 200000 clients all over the world.
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