Contents
- 1 InstaForex Basics
- 2 Our Opinion About InstaForex
- 3 Key Benefits
- 4 Regulation
- 5 Regulation In Kenya
- 6 Client Fund Safety
- 7 Instaforex Awards
- 8 Instaforex: Legit Or Scam?
- 9 Trading Assets
- 10 Trading Instruments
- 11 Instaforex Account Types
- 12 Live Accounts
- 13 Demo Accounts
- 14 Forex Bonuses
- 15 Instaforex Registration – How To Open An Account
- 16 Instaforex Registration – How To Verify An Account
- 17 Deposits & Withdrawals
- 18 Instaforex Withdrawal Fees
- 19 Trading Platforms
- 20 Trading Tools
- 21 Extra Trading Services
- 22 Education
- 23 Trading Hours
- 24 InstaForex Customer Support
- 25 Conclusion
- 26 Instaforex Forex Broker Review FAQ
- 27 Similar Brokers
InstaForex Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA |
| 💰 Minimum Deposit | $1 |
| 💳 Deposit Options | Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Payoma, and Sofort. |
| 💳 Withdrawal Options | Credit Card, Debit Card, Bank Wire, Skrill, Neteller, Payoma, and Sofort. |
| 📌Open an account | Start Trading with InstaForex |
Our Opinion About InstaForex
InstaForex is one of the best forex brokers on the market. It is a large, international broker with over 7,000,000+ clients worldwide. It has a wide range of financial instruments, advanced trading technology, and world-class trading platforms. It also has helpful educational resources, detailed market analysis, and several unique copy trading features.
Key Benefits
Regulation
InstaForex has a licence from CySEC in Cyprus. This means that it abides by EU regulation and offers a high level of client protection. It also has licenses from regulators in the UK, the British Virgin Islands, and St Vincent and the Grenadines. This means there are several regulators monitoring its operations and ensuring that it treats its clients fairly.
- Instant Trading EU Ltd is regulated by CySEC (Cyprus), with the licence number: 266/15.
- Instant Trading EU Ltd is regulated by the FCA (UK), with the licence number: 728735.
- Instant Trading Ltd is licensed by BVI FSC (BVI), with the licence Number: SIBA/L/14/1082.
- Insta Service Ltd is registered with SVG FSC (SVG), with registration number IBC22945.
Regulation In Kenya
Forex traders in Kenya can register under the Instant Trading Ltd (BVI) subsidiary, which is licensed by BVI FSC, in the British Virgin Islands. The FSC offers slightly less regulatory oversight than some of the other regulatory authorities. For example, the FSC does not require forex brokers to segregate accounts, offer negative balance protection, or join an investor compensation scheme.
However, Instaforex go beyond the standards regulatory guidelines, and implements these policies anyway. This means that even though traders in Kenya can only register under the FSC entity, they still receive a high level of client fund protection, and benefit from the same security measures as clients registered under other Instaforex business entities.
Client Fund Safety
As a regulated forex broker, InstaForex ensures that they have the proper measures in place to protect client funds. In addition to these measures, they must also ensure that they have first-class security protocols in place to help protect client data. For example, Instaforex has both SSL technology and two-factor authentication technology. These extra security measures enable you to benefit from both a high client fund protection and client data protection.
Instaforex Awards
InstaForex has won many awards for its products, platforms, and customer service. Their most recent industry awards include:
- Best Crypto Broker 2022 (Forexing.com)
- Best Customer Service Broker 2022 (Allforexbonus.com)
- Best Forex Broker 2022 (International Investor Awards)
- Most Innovative Forex Broker 2021 (Global Brands Magazine)
- Best Forex Broker Central and Eastern Europe 2020 (International Business Magazine)
- Best Forex Broker Eastern Europe 2019 (International Business Magazine)
- Best Broker in Asia 2019 (Le Fonti Awards)
- Best Forex Cryptocurrency Trading Platform 2018 (UK Forex Awards)
Instaforex: Legit Or Scam?
Instaforex is a legit forex broker. They have been offering forex trading services since 2007 and have a large client base in Kenya. They have licences from some of the strictest regulatory authorities in the world. In terms of their trading accounts, they have high leverage, excellent trading conditions, and low minimum deposits. In terms of their trading services, they also have reliable payment methods, easy withdrawals, and a high level of client fund protection. In our opinion, they are a legit forex broker.
Trading Assets
InstaForex offers more than 200 trading instruments. You can trade currency pairs, stocks, indices, metals, commodities, and cryptocurrencies.
Trading Instruments
- Forex: Instaforex offers 100+ currency pairs including majors, minors, and exotics.
- Stocks: They offer 80+ stocks including Apple, Disney, Alphabet, and Coca Cola.
- Indices: Instaforex offers 15 indices across the US, Europe, and Asia.
- Commodities: They offer trading on Silver, Gold, Palladium, Crude Oil, and Gas.
- Cryptocurrencies: Instaforex offers 12 cryptos including Bitcoin, Cardano, and Ripple.
Instaforex Account Types
There are four trading accounts available at InstaForex. You can trade on their Insta Standard or their Insta Eurica. You can also choose from their Cent Standard and their Cent Eurica accounts. As such, there are several options to choose from.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Insta Standard | From 3.0 pips | $1 | 1:1000 | $0 |
| Insta Eurica | From 0.0 pips | $1 | 1:1000 | 0.03%-0.07% |
| Cent Standard | From 3.0 pips | $1 | 1:1000 | $0 |
| Cent Eurica | From 0.0 pips | $1 | 1:1000 | 0.03%-0.07% |
Live Accounts
InstaForex has four live trading accounts. In our opinion, their best account is the Insta Standard Account. The minimum deposit is $1. It comes with an average spread of 3.0 – 7.0 pips. There are no commissions. The account also comes with high leverage of up to 1:1000. The base currencies are USD and EUR. It is worth nothing that the minimum trade volume is 0.01 lots and the maximum trade volume is 10,000 lots.
Demo Accounts
InstaForex also has demo accounts. You can use them to improve your trading skills and familiarise yourself with different trading strategies. You can also use them to try out different trading platforms and trading tools. As such, they are very helpful for new traders.
Forex Bonuses
At the moment, there are four Instaforex forex bonuses. You can access the 100% Instaforex bonus, the 55% Instaforex bonus, the 30% Instaforex bonus, and the Club Instaforex bonus. There are also trading contests and competitions. At the moment, you can enter a Chancy Deposit contest with a $1000 prize draw. Check the website for the full bonus conditions.
Instaforex Registration – How To Open An Account
As part of our Instaforex review, we looked at their online registration requirements. If you live in Kenya, then you are can open a trading account under their FSC subsidiary.
The registration process is simple. The first step is to go to their website and complete the online form. This is so that Instaforex can gather some personal information and create your account. The next step is to take a short test about online trading. This is so that Instaforex can find out what you know about trading and determine if their online trading services are suitable for you. The final step is to complete the account verification process, also known as the KYC process, and choose your preferred account type. This is so that Instaforex can complete their regulatory checks and activate your trading account. After that, all you need to do is deposit funds and start trading!
Instaforex Registration – How To Verify An Account
To open a live trading account you’ll need to show Instaforex a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Deposits & Withdrawals
InstaForex offers many different payment methods including credit cards, debit cards, bank wire transfer, Skrill, Neteller, Payoma, and Sofort.
Instaforex Withdrawal Fees
Many of the Instaforex withdrawal methods have fees attached. The fee is usually between 0.5 – 2% of the total transaction amount.
Trading Platforms
InstaForex uses one of the industry’s most powerful trading platforms – MT4. MetaTrader4 (MT4) is a great option for new forex traders in Kenya. It has a simple design and many helpful trading tools. You can use it to trade many different trading instruments including forex, stocks, and indices. The Instaforex MT4 trading platform has plenty of charting tools, order execution types, technical indicators, and analytical objects.
InstaForex also uses another of the industry’s best trading platforms – MT5. MetaTrader5 (MT5) is also another great choice for beginner traders in Kenya. It has a nice design and a simple interface. As with MetaTrader4, you can use it to access and trade all your favourite trading instruments, including forex. The Instaforex MT5 platform also has a wide selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
InstaForex offers a wide range of trading tools including:
- VPS – They offer free VPS services to traders with more than $5000 in their trading account.
- ForexCopy – They offer a free copy trading service.
- Forex Signals – They offer free access to expert trading signals.
- Forex Strategies – They offer access to expert trading strategies.
- Forex Quotes and Analysis – They give you free access to research, quotes, and economic news.
Extra Trading Services
InstaForex also give you the opportunity to trade binary options. You can trade intraday and expiry binary options using their cutting-edge trading technology.
Education
InstaForex offers a high standard of forex education. They have a community forum and an education centre. The forum is a training ground where traders can learn more about the forex market and work on improving their forex trading skills. The education centre is an eLibrary where traders can find forex guides, forex tutorials, trading videos, trading eBooks, and educational journals.
Trading Hours
Instaforex operates during standard market hours. You can trade forex whenever the forex market is open. Trading hours may change on some public holidays.
InstaForex Customer Support
InstaForex has a great customer support team. They offer great customer service and are quick to respond to any questions. You can easily contact them via live chat, email, and phone.
Conclusion
InstaForex has excellent trading conditions and high quality trading services. It also offers excellent educational materials, great trading tools, and a high level of trading support. This makes InstaForex a great choice for both new and experienced traders.
Instaforex Forex Broker Review FAQ
Yes, Instaforex in Kenya is a good broker. They have a nice selection of account types, all of which have very low minimum deposits. Instaforex has many trading instruments including forex, stocks, indices, cryptocurrencies, metals, oil, gas, and other commodities. They also offer very good trading accounts and excellent online trading conditions.
Yes, Instaforex in Kenya is a legit forex broker. They are an international company with offices in key locations around the world. In terms of their services, they offer great trading accounts, fair trading conditions, and helpful trading tools . Furthermore, Instaforex has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, Instaforex in Kenya is a regulated forex broker. InstaForex has a licence from CySEC in Cyprus. It is also registered with the FCA in the UK, as well as many EU regulatory bodies. As such, it is a trustworthy and reliable broker. In addition, InstaForex has licences from regulators in the British Virgin Islands, as well as St Vincent and the Grenadines. This means there are many regulators overseeing its operations and ensuring that it treats its clients fairly.
Yes, Instaforex in Kenya is a safe forex broker. When it comes to fund safety, they choose to go beyond their basic regulatory requirements, and offer more comprehensive client fund protection measures. Instaforex keeps all client funds in segregated accounts, separate from its operating capital. This means that they can never use client funds for their own operational purposes. In our opinion, Instaforex is a safe company to trade with.
Yes, you can trust Instaforex in Kenya. InstaForex is one of the most well-known brokers in the forex industry. The company was first set up in 2007 and has been offering online trading services for many years. They are a large, international forex company with over 7,000,000+ clients worldwide. They are very popular and have won many forex awards.
Yes, Insfaforex in Nigeria offers three live trading accounts. You can trade on their Insta Standard or their Insta Eurica. You can also choose from their Cent Standard and their Cent Eurica accounts. All of the Instaforex live accounts come with high leverage, competitive pricing, and fast trade execution. As such, Insta forex trading conditions are very good.
Yes, Instaforex in Kenya has good spreads. The Instaforex spreads available depend on your account type. For example, you can get spreads from 3.0 – 7.0 pips on with the Insta Standard and Cent Standard accounts. You can also get zero spread trading on the Insta Eurica and Cent Eurica accounts. As such, Instaforex trading conditions are very good.
As part of our Instaforex review, we also look at their minimum deposit requirements. Instaforex in Nigeria has several affordable account options. Their entry requirements are very low and the minimum deposit nstaforex for all trading accounts is only $1.
Instaforex in Kenya as several forex bonuses. Their promotions are always changing so it’s worth checking for new deals. At the moment, there are four Instaforex bonuses. These are the 100% Instaforex bonus, the 55% Instaforex bonus, the 30% Instaforex bonus, and the Club Instaforex bonus. Instaforex also offers trading contests and competitions. At the moment, they have a Chancy Deposit contest with a $1000 prize draw. Check the website for the full bonus conditions.
Yes, Instaforex has cryptocurrency trading. You can choose from many popular cryptocurrencies including Bitcoin, Cardano, and Ripple. Instaforex crypto trading and Instaforex Bitcoin trading are available on all accounts.
There are several Instaforex withdrawal methods. These include credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The average Instaforex withdrawal times are mostly in line with the industry standards. For instance, bank wire can take 2-4 days to process. Check the website for the full withdrawal conditions.
Instaforex in Kenya does not have PayPal. However, it does have many other convenient payment methods including credit cards, debit cards, and bank wire transfer. It also accepts Skrill, Neteller, Payoma, and Sofort. The Instaforex funding times are very good. They do not charge deposit fees on most payment methods.
Yes, Instaforex is good for beginners. They have several affordable account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources.
Ready to start trading? Register for an online trading account with InstaForex here.
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