InstaForex review: a reliable broker

InstaForex was formed in 2007 and is home to more than 7,000,000 traders. The firm is a leading company , and InstaForex is a division that caters to the trading needs of the traders. InstaForex's mission is to deliver top notch trading services and establish itself as the brokerage of choice for all traders. This brokerage firm claims to be an ECN broker, with over 200 assets spread over five asset classes available for trading. Since 2009, this broker has received more than 30 industry accolades for its research services, which are provided to clients by over thirty analysts. In this InstaForex review, you will learn about its amazing features.

Is it a legit broker?

InstaForex operates under many different licenses in several jurisdictions, ensuring that it complies with international protection legislation and that traders are covered.

Instaforex is fully regulated by the Cyprus Securities and Exchange Commission (CySEC), which oversees the operation of financial investment enterprises in the Cyprus and European Union regions, respectively.

In addition to the primary license, the brokerage serves various entities in offshore jurisdictions, including BVI entities registered with the Financial Services Commission and Saint Vincent and the Grenadines entities.

Even though we do not encourage trading with solely offshore brokers, additional European Union legislation gives vital requirements that comply with safety measures.

Recognition and affiliations:

InstaForex participates extremely actively in a variety of sponsorships and social events worldwide. Former and present partners of InstaForex include football clubs Borussia Dortmund and Liverpool, the Dragon Racing and Dakar Rally teams, and athletes and sports teams such as Ole Einar Bjorndalen, Daria Kasatkina (tennis emerging star), and many others.

Easy procedure of account opening:

Opening an account is as simple as filling out an online form, which provides traders access to its trading platform. A copy of the client's ID and proof of address is necessary to meet AML/KYC requirements from the regulator. It is a typical operating procedure in today's brokerage sector, and prospective customers should feel safe providing their credentials to InstaForex. This brokerage is well-regulated and upfront about its activities, as seen by the paperwork available on its website.
Demo account:

It is not a difficult process to register and sign up for a demo account, also known as paper trading, which is advised to be opened at the very start of the process. You can click on the account opening link and complete the opening process.

Low fees:

In the case of Standard accounts, there are fixed costs that are spreads of 3 pips on significant trades; however, in the case of Eurica accounts, costs are integrated into fixed commissions that are paid when a trade is closed. It means that for Eurica accounts, the Bid price is the same as the Ask price in this manner. The European organization, in addition, offers 3 more account types: ECN, ECN Pro, and Scalping, among others. Trading with these accounts is defined by market performance and variable spreads starting at 0.8 pips; alternatively, if you like to trade with swap-free trading and cents account, these options are also accessible.