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Want to see if InstaForex is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this InstaForex Review.

We checked all InstaForex licenses and regulations to see if InstaForex scam or safe. We compared InstaForex fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is InstaForex

InstaForex is a Forex and CFD broker, established in 2007 it operates firstly in Russian and then moved to Cyprus.

The company operates under the license issued by the local CySEC and additional enitities are based in offshore Belize and SVG.  

InstaForex highlights

πŸ—ΊοΈ Regulated inCyprus, Belize, SVG
πŸ›‘οΈ Is InstaForex safe to tradeYes
πŸ’΅ EUR/USD spread2 pips
🏦 DepositBank Wire, Cards, Skrill, PayPal, WebMoney, Neteller
πŸ’° Minimum depositUS$0
🏦 WithdrawalBank Wire, Cards, Skrill, PayPal, WebMoney, Neteller
πŸ’» Trading platformMT4, WebTrader


License and regulation are the top keys to your fund security. We check two factors, what license broker carry with its background, and how are you protected in case things go wrong.

Is InstaForex legit

InstaForex is regulated by Cyprus CySEC financial authority, which is not top-tier regulator but aligned with ESMA guidelines.

Other entities are based offshore and are registered according to local registrations.

InstaForex licenses and status

EntityRegistered inRegulatorLicense no.Status
INSTANT TRADING EU LTDCyprusCyprus Securities and Exchange Commission (CySEC)266/15Currently Regulated
Instant Trading Ltd (BVI)BVIFinancial Service Commission BVI (FSC BVI)SIBA/L/14/1082Registered
Insta Global Ltd. SVGSeychelles Financial Supervisory Authority (FSA)IBC24321Registered
InstaForex Review – CySEC License
InstaForex Review – CySEC License

Is InstaForex safe

InstaForex EU is considered safe because it is regulated by the CySEC.

However, main proposal of InstaForex operates through two entities both based offshore BVI and SVG that rather provide registration for financial broker than serious regulation which could be considered safe.

InstaForex compensation scheme

EntityCompensation AmountNegative Balance Protection
Instant Trading Ltd (BVI)No compensationNo
Insta Global Ltd. No compensationNo

We recommend you register your account with the EU and avoid trading with international entity due to lack of regulations

InstaForex provides negative balance protection via EU entity, but if your account is under international brands negative protection is not guaranteed

Markets and Products

At InstaForex you can trade Forex and CFDs on Commodities, Indices, Stocks, Bonds and Cryptocurrencies.

Instruments range is different in each account type InstaForex offers.


Account types

InstaForex has six account types Standard, ECN the same as Insta.Scalping account, ECN Pro ad VIP Accounts with different pricing models and trading size.

Islamic Accounts are available on request.


Login Account is via the official website, where you access online account area with full account management EU and international entity entry are on different domain addresses.  

Insta.StandardInsta.EuricaECN/ Scalping VIP
Minimum Deposit100 USD, EUR, GBP100 USD, EUR, GBP500 USD, EUR, GBP5000 EUR, USD–
Minimum Balance––– 20,000 EUR, USD
Spreads From2 pips0.0 pips1.2 pips0.8 pips0.5 pips
CommissionsZero CommissionsMinimum fee 0.02%Zero CommissionsZero CommissionsZero Commissions

Client Cabinet

Client Cabinet or Trader Cabinet is your online account management area, it is well organized and gives full control over funds, transactions and specification.

InstaForex Review – Account - Client Cabinet
InstaForex Review – Account – Client Cabinet

Fees and commissions

We ranked InstaForex fee levels as low for Pro and VIP accounts and average/ high for Standard account based on its Live Account Spread and compared to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher


InstaForex fee structure is different in each account type.  

Comparing the spreads charged for our test trades via Standard and Insta.Eurica accounts, Insta.Eurica spreads are 0 but you pay a commission from 0.02% depending on the instrument, which is competitive.

The Standard account spread compared to industry benchmarks, we find the spreads for all instruments to be average and high.

MarketsInstrumentsStandardECNInsta.EuricaOther brokers’ avg spread
IndicesUS 5001.61.110$0.5-1.4
ETFsUS Russell 2000–––0.5-1.4

Other Fees

InstaForex has low non-trading fees. There is no fee for deposit, or withdrawals, there is no inactivity fee, also conditions are different in each jurisdiction.

Trading Conditions

The trading conditions at InstaForex are good and are different depending on the entity regulations. You can deploy mostly all types of strategies including scalping, daytrading, EAs and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there are no time limitations for hedging positions.

For scalping, scalpers are welcomed, InstaForex has VPS servers in Russia and offers Free VPS service, run of Expert Advisors (EAs) is with no limits too.

Trading with Leverage is included, European clients can use a maximum of 1:30 and international can access even 1:1000. However, it is considered very risky.


InstaForex charges no deposit fees. You can use various account base currencies and deposit via bank transfer, credit cards, Bitcoin, and various e-payments. Likewise, deposits range may is different and even larger for international accounts.

A great point to admit, InstaForex process deposits and withdrawals very quickly it mentioned average deposit processing time is around 20 minutes only.

Deposit MethodFunding TimeFee
Bank Wire TransferBusiness day0$
Credit / Debit CardBusiness day0$
Bitcoin via SkrillBusiness day0$
Neteller, SkrillInstant0$

Minimum Deposit

The minimum deposit is different for each InstaForex account type. Standard account and Eurica account require 100$, ECN and ECN Pro accounts will need 500$ and VIP account denominated for 20,000$.  


Similar to deposits InstaForex offers different methods in each entity and charges no fees for some withdrawals. However, popular payment options will add on withdrawal fees.

InstaForex process withdrawals within 1 business days and shows average speed of 4 hours for confirmation, plus the extra days to reach your account due to provider.

Withdrawal MethodWithdrawal TimeFee
Bank Wire TransferUp to 14 business days1.8% + 0.05 EUR
Credit / Debit Card3-5 business daysMin 5 EUR
Neteller, SkrillInstant1 EUR, 1%
SofortInstantMin 5 EUR
InstaForex Review – Deposit and withdrawal – Withdrawal
InstaForex Review – Deposit and withdrawal – Withdrawal


InstaForex offers bonuses solely through its international entities and European traders are limited due to regulations.  International traders can get various bonuses including deposit bonus, monthly promotions, club deposits and more.

InstaForex Review - Bonus
InstaForex Review – Bonus

Trading Platform

InstaForex mainstays on MetaTrader4 popular technology offering Desktop, Mobile, WebTrader and Multiterminal.


InstaForex MetaTrader4 supporting international languages and is enhanced with extra tools. MT4 is available across all devices on Windows, Mac, Android and IOs.

InstaForex Review – MT4 platform
InstaForex Review – MT4 platform4

Research and Tools

InstaForex research tools are available on the platforms and with additional analysis and analytics section via the website.

InstaForex has good and enhanced MT4 with extra tools like Pattern Graphix, Forex Forecast, Trading Ideas, Social Trading and standard Economic Calendar and PAMM feature.

On the negative side there is no Fundamental data or research from leading industry providers.  

InstaForex research tools are available in different places:

  • MetaTrader trading platform
  • Analytics section on the website
InstaForex Review – Research
InstaForex Review – Research


InstaForex education provided on separate section InstaForex Support with truly quality educational content.

You can find courses, videos, tutorials, Forex TV, webinars in its education section.

We didn’t find negative points, platform videos and all education section is well categorized and great for beginners.


Demo accounts are on free use and available for various account types.


Trading contest is another great way to improve and win valuable prices, there are various contest available at InstaForex, however also typically available only through its international entity.

At InstaForex you can learn in the following ways:

  • Demo account
  • Trading videos and tutorial videos, Forex TV
  • Webinars, Trading Courses
  • Educational articles
  • InstaForex Contests for international traders
InstaForex Review – Education
InstaForex Review – Education

Customer Service

InstaForex customer service is very good, FAQ section answers many question and we had fast and relevant answer via the Live Chat.

You can contact InstaForex 24/7 and 24/5 for European clients by:

  • Live chat
  • Social Media messengers, WhatsApp
  • Telephone and Call back
  • Email
InstaForex Review – Customer Service
InstaForex Review – Customer Service

InstaForex live chat is a quick speed, agents are eager to help and provide informative answers

Question AskedWe asked about account types.
Time of ReplyWe were connected to customer support Live Chat within 5 minutes
Quality of ReplyThe answer is informative, giving good examples.


InstaForex is a safe broker to trade. It is regulated according to European ESMA standards, however licensed only by CySEC which is not top-tier regulator.

International proposals are done via offshore entities and indeed are much larger compared to European clients, international traders can get Contest, Bonuses more attractive trading conditions, but offshore broker still lack of serious regulations.

We recommend InstaForex for day traders and scalpers, and those who prefer flexibility between accounts and pricing models

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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