INSTAFOREX RATING -OVERALL {62.7%} (?)

InstaForex is a large ECN/DD broker based in Russia. According to the RatingFormula 5.0, InstaForex is a good choice only for swing and carry trading. The broker pays 5% interest on free Funds.

Deposit Requirements: 5 USD

Funding: Bitcoin | Cards | Bank Wire | Neteller | Skrill | Filspay | PayCo | Ukash | Paxum | B-Pay

Platforms: MetaTrader-4 | MetaTrader-5 | MT4 Multi-Terminal | Mobile Traders

Customer Support: English | Arabic | Russian | Malay | Indonesian

» InstaForex Website

Chart: InstaForex Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a very good rating as concerns InstaForex technology and trading options, but a very low rating as concerns competition and safety of trader's money. This is because InstaForex is not a regulated Forex broker.

Chart: InstaForex Special Ratings

INSTAFOREX RATING SUMMARY

The following table contains InstaForex's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • INSTAFOREX FUNDS SAFETY
28.3%
  • INSTAFOREX TRANSACTION COST
38.4%
  • INSTAFOREX TRADING OPTIONS AVAILABLE
100.0%
  • INSTAFOREX TECHNOLOGY
100.0%
  • OVERALL RATING
62.7%
TRADING EXPERIENCE  
  • INSTAFOREX FOR FOREX BEGINNERS
65.5%
  • INSTAFOREX FOR ADVANCED FOREX TRADERS
54.9%
  • INSTAFOREX FOR PROFESSIONAL FOREX TRADERS
52.5%
TRADING STYLE  
  • INSTAFOREX FOR INTRADAY TRADERS
51.4%
  • INSTAFOREX FOR SWING TRADERS (MID-TERM)
70.0%
  • INSTAFOREX FOR CARRY TRADERS (LONG-TERM)
78.4%

INSTAFOREX DETAILED RATING REVIEW

INSTAFOREX RATING ANALYSIS    
INSTAFOREX RATING      
    100.0%  62.68% FULL ANALYSIS
A. INSTAFOREX  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 7.93% Rating the InstaForex Safety
A.1 InstaForex License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 0.00% InstaForex is not regulated = 0.0% rating
A.2 InstaForex Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 0.00% InstaForex offers no client compensation in case of corporate insolvency = 0.0% rating
A.3 InstaForex Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 2.00% InstaForex maintains headquarters in the Russia = 2.0% rating
A.4 InstaForex Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 4.00% InstaForex was found in 2008 (5-10 years) = 4.0% rating
A.5 InstaForex Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 1.25% InstaForex provides client bank segregated accounts only for traders depositing $50,000 and more = 1.25% rating
A.6 InstaForex Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.18% InstaForex ForexPeaceArmy Rating is 1.8/5.0 = 0.18% rating
A.7 (+) InstaForex ADJUSTING RESULTS        
A.7.1 InstaForex Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.50% InstaForex handles more than 500,000 accounts = 0.5% Rating
B. INSTAFOREX TRANSACTION COST MAX WEIGHT→ 28.0% 10.75% Rating the InstaForex Transaction Cost
B.1 InstaForex spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 0.00% EURUSD spread is 3 pips (Fixed Spreads) = 0.0% rating
B.2 InstaForex spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 0.50% GBPUSD spread is 3 pips (Fixed Spreads) = 0.0% rating
B.3 InstaForex spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 0.50% USDJPY spread is 3 pips (Fixed Spreads) = 0.5% rating
B.4 InstaForex Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% InstaForex does not charge trading commissions on the tested account type = 7.0%
B.5 InstaForex Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 1.75% InstaForex rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$1.8 | InstaForex rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$0.1 | Total cost in absolute value is $1.7, rating = 1.75%
B.6 InstaForex Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 0.00% InstaForex charges some withdrawal commissions = 0.0% rating
B.7 InstaForex Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% InstaForex does not charge Inactive Fees  = 1.0% rating
B.8 (+) InstaForex ADJUSTING RESULTS        
B.8.1 InstaForex Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 0.00% Dealing-Desk (DD) Execution Model = +0.0% rating
C. INSTAFOREX TRADING OPTIONS MAX WEIGHT→ 28.0% 28.00% Rating the InstaForex Options for Traders
C.1 InstaForex Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% InstaForex Provides 107 Forex Pairs = 8.0% rating
C.2 InstaForex CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% InstaForex offers CFD trading = 2.5% rating
C.3 InstaForex CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% InstaForex Offers CFDs on Futures = 1.5% rating | No CFDs on Futures = 0.0% rating
C.4 InstaForex Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% InstaForex Provides a free Demo/Practice account = 2.0% rating
C.5 InstaForex Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% Up to 1,000:1 max Trading Leverage = 1.0% rating (max)
C.6 InstaForex Bonus/Rebate Promotions   5.0%    
C.6.1 InstaForex Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   3.00% 30% Welcome Bonus (Withdrawable, requires X*3 lots, where X is the total amount of all bonuses received) = 3.0% rating
C.6.2 InstaForex Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   1.00% InstaForex Offers some trade rebates = 1% rating
C.7 InstaForex Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is less than $100 = 2.0% rating
C.8 InstaForex Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% InstaForex offers 5+ deposit methods = 2.5% rating
C.9 InstaForex Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% InstaForex offers 5+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.25% InstaForex offers 4 pips minimum stop-out order distance = 0.25% rating
C.11 (+) InstaForex ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 1.00% Yes, 107 Forex pairs = +1.0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.50% 5% interest on free Funds = +0.5%
C.11.3 InstaForex Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.25% InstaForex offers a Demo Account Competition = +0.25% rating
D. INSTAFOREX TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the InstaForex Technological Efficiency
D.1 InstaForex Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% InstaForex offers MT4, MT4 MultiTerminal, and MT5 platforms = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% InstaForex supports 'Trading-On-Charts' = 1.0% rating
D.3 InstaForex Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.00% InstaForex Slippage on execution is more than 2.0 pip = 0.0% rating
D.4 InstaForex Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% InstaForex allows automated trading = 2.0% rating
D.5 InstaForex MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% InstaForex offers the MT4 platform = 2.0% rating
D.6 InstaForex Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% InstaForex offers an App for iPhone, Blackberry, and Android = 2.0% rating (max)
D.7 InstaForex Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 0.50% InstaForex allows only Hedging = 0.5% rating
D.8 InstaForex Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 4.00% InstaForex offers 24/7 Customer support = 0%, via eMail, Phone, Live Chat = 4.0% | Total rating is 4.0%
D.9 (+) InstaForex ADJUSTING RESULTS        
D.9.1 InstaForex PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% InstaForex supports PAMM/MAM accounts = +0.5%
D.9.2 InstaForex Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% InstaForex offers a free VPS hosting service for all traders holding an account balance over 5,000 USD= +0.5%
D.9.3 InstaForex API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% InstaForex supports API trading = +0.5%
    TOTAL INSTAFOREX RATING 62.68%  

INSTAFOREX LICENSES AND LEGAL INFORMATION

The broker belongs to a large group that maintains offices in all around the world. These are the three licenses found:

■ InstaForex is not regulated

■ InstaForex maintains 260 offices all over the world

■ The headquarters of InstaForex is located in Kaliningrad, Russia

 

 

 

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InstaForex Rating Review

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