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 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%) |
|
28.3% |
|
38.4% |
|
100.0% |
|
100.0% |
|
62.7% |
| TRADING EXPERIENCE | |
|
65.5% |
|
54.9% |
|
52.5% |
| TRADING STYLE | |
|
51.4% |
|
70.0% |
|
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, Cyprus, 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
■ FOREX RATINGS: ► IC MARKETS | ► FXOPEN | ► FP MARKETS | ► FBS Group | ► AXI RATING
■ COMPARE: » BROKERS DIRECTORY | » AUTOMATED TRADING SYSTEMS
□ InstaForex Rating Review
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