- August 2014
- Posted By Ninoslav
- 1 Comments
InstaForex is another modest web-based forex trading broker, a project of the InstaForex Grtoup located in Russia. Since its 2007 inception, the site has amassed relatively decent popularity amongst forex traders, even helping the site earn several international forex brokers awards.
Although based in Russia, InstaForex has a pretty international focus. They operate over 200 InstaForex offices around the world, and the site itself supports up to 20 languages.
Advantages and Features
Being a relatively popular forex broker for international clientele, InstaForex naturally hosts several advantages to help forex traders around the world work the market. These many advantages include:
- Hosting a large selection of tradeable assets.
- Having a great and usable site layout.
- Hosting a wide variety of features for forex trading.
Another advantage that InstaForex holds over comparable online forex brokers is their minimum deposit range, which opens at an impressive $10. That pretty much lets any forex trader start trading with a more conservative budget than most, essentially opening up the ‘market’ to a wider variety of people.
InstaForex naturally hosts two different accounts for both seasoned and beginner traders. The Insta.Standard account is more suited for seasoned traders, while the Insta.Eurica trading account works best for complete beginners if they don’t want to use a demo account to start.
They do have another trading account known as the Percentage Allocation Management Module (PAMM) account. This account type is more of an aggregate for a collaboration for InstaForex clients and their own traders.
They can accept investments from other traders or invest in another account to become a shareholder there. They also provide an Islamic or swap-free account, suited for Muslim or religious users who don’t use swaps due to religious beliefs.
The platform itself supports over 100 currency tools, in addition to 34 contracts of differences (CFDs) on US-based shares, in addition to pure gold transactions. InstaForex uses MetaTrader 4, which allows traders to efficiently make trades via InstaForex.
InstaForex also employs ForexCopy, which lets traders easily copy orders from other accounts that have successfully traded to a certain ratio. It essentially allows users to take a commission on profitable duplicated deals, through opening those deals on their own account.
People who need a ‘robust’ international forex broker shouldn’t look no further than InstaForex. The online forex broker offers an incredible amount of features that give other comparable sites a run for their money. With their attention to detail – and user support – any forex trader should feel safe using InstaForex.