- October 2014
- Posted By Ninoslav
- 1 Comments
InstaForex is the largest broker in the world with roughly a half million clients. So if you choose to use them for your forex trading, you’ll be in good hands. Though it’s owned by a company out of Russia, InstaForex has a number of offices throughout Europe and is overseen and regulated by IFSC, Belize.
InstaForex definitely has a lot of options for traders and makes them all readily available. I was not expecting this and it did take me some time to adjust as typically other options have been a bit simpler. But when I got used to it, it was not a problem and now I prefer having all my options in plain sight instead of having to hunt around for them.
Best of all, InstaForex really delivers in terms of tools and options for trading. They definitely want to make sure their traders are in the driver seat when it comes to choosing what they’ll use to trade.
In any case, once you download InstaTrader things get even easier. The interface improves, but you don’t lose any of the essential tools mentioned above. In fact, InstaTrader offers a number of advanced tools like copy trading and a function called PAMM, which offers third party account management.
InstaForex uses an electronic communication network to execute trades. So once you make your choice, the information is sent to their liquid providers or whatever exchanges are relevant if you’re working with exchange traded instruments. InstaForex also doesn’t lack when it comes to the trading instruments they provide, which is great for those of us still deciding or others who might have a wide array they prefer to work with. Other instruments include currency options, metals CFDs, commodity futures and the New York Stock Exchange.
How much it costs to trade on InstaForex will depend on the type of trading account you choose. I chose standard, so all of mine are fixed spreads. Generally, speaking, I think the standard option will suit most people, regardless of the size of their account.
Otherwise, there’s the Eurica account. It has a zero spread, so commissions are done per trade and are usually between .03% and .07%/
While it may take you a moment to get used to InstaForex’s interface, once you do, this platform is extremely easy to use (especially with InstaTrader) and will not have you wanting for either tools or instruments. Anyone in interested in Forex should check them out.