InstaForex Review – Is It The Right Choice?

InstaForex Review

Want to dip your toes in the world of online trading? Considering the lucrative opportunities available here, everyone wants to give it a try, but you have to find a broker first. This is one aspect people struggle with because of the sheer number of options that can often be very confusing. How do you pick one? How do you ensure it is the right choice? The key is to know everything important about a broker and you can take advantage of this InstaForex review to do so. With headquarters in Limassol, Cyprus, InstaForex was founded back in 2007 and it is providing its services to clients worldwide. 

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With more than 7 million traders using InstaForex, there is no denying that the brokerage will catch your eye. It is also known for offering the best trading conditions, great technical solutions, and a wide range of services. But, is it the right choice for you? You can find out below:

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Regulation and Licensing 

The first thing you should check in a broker is their regulation and licensing because you want a safe platform and InstaForex can offer you that. How? This is because it is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is one of the most reputable regulatory authorities in the world. It is also registered in some offshore jurisdictions as well, but the regulation by CySEC is the most reassuring because it allows the brokerage to operate through the EEA (European Economic Area). Plus, it ensures that InstaForex operates with transparency. 

Apart from that, all client funds are also kept in segregated accounts by InstaForex and with the leading banks and financial institutions. Another way it offers a secure trading environment is through its participation in compensation schemes, which ensures that traders will be compensated in the event of insolvency. 

Trading Instruments 

In order to choose the right broker, you need to take a look at its trading instruments and InstaForex does not disappoint here. It gives traders access to global markets through an array of trading instruments. This includes a total of 107 forex currency pairs, both major and minor, binary options, 34 US stocks futures, and CFDs, along with commodities like Silver and Gold. Cryptocurrency CFDs are also available and this is another advantage because it ensures that traders can create a diversified portfolio that keeps their risks low and profits high.

Trading Platform 

You cannot choose the right broker for your trading needs without taking their trading platform into consideration. This is because this feature plays the most important role in your trading experience. First off, you will come to know that InstaForex has ensured that its clients can enjoy speedy trade execution, regardless of what platform they choose. It is offering both the MT4 and the MT5 trading platforms, which are known as the top ones in the market.

You have the option of accessing the web platform that can be used through the browser or download their desktop applications. In addition, mobile apps of the MT4 and MT5 have also been added by InstaForex for both Android and iOS devices. They offer numerous trading tools for your convenience, including free VPS hosting, scalping and hedging strategies, advanced charts, trading indicators, and Expert Advisors (EAs). 

Account Types 

This is another area you need to assess and InstaForex has chosen to offer a wide choice of trading accounts with Standard and Eurica accounts available across all jurisdictions. As a matter of fact, it is also possible to open a demo account, which is another advantage because it gives traders time to acclimate and practice their strategies. 

The Verdict 

Add in the variety of payment methods, the 24/7 customer support via different channels that InstaForex is offering, its competitive spreads, and other powerful trading conditions like leverage and the supporting educational resources it offers, you can conclude that it is the right choice for every trader. 

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