InstaForex EU was established back in 2007, with its financial services intended for the retail sector. After more than a decade of experience, it now caters to over 7,000,000 clients from across the world. The company’s primary objective is to provide first-class trading experience and become the most sought-after brokerage firm in the European Union. With its ECN structure, impressive asset selection, industry experts, and authoritative research materials, clients will surely make the most out of trading and expand their profitability. The company’s reputable background was also time-tested and proven as it bagged over 30 industry awards since its inception.
InstaForex is known for various reasons, and one of this is the integration of cutting-edge technologies into the platform. Its smooth and seamless execution could be attributed mainly to 9 data centers that safeguard an uninterrupted experience. These are then reinforced by 25 international satellite offices, which ensure tight connectivity. While InstaForex has been popular for its sponsorship and auxiliary services, one significant drawback that may come disadvantageous for clients is its high quotation of spreads.
Certification and Regulation
Instant Trading EU LTD, the owner and operator of the platform, was filed under the regulatory oversight of the Cyprus Securities and Exchange Commission. The broker gained its license on the 15th of January 2015. Since it is heavily regulated by the CySEC, InstaForex is highly compliant with cross-border policies implemented by the countries of the European Union. In addition to this, clients’ funds are well-protected since the company practices the mandates of the Markets in Financial Instruments Directive and the EU’s 4th Anti-Money Laundering Directive.
More impressively, InstaForex provides a compensation of up 20,000 euros for its clients, should there be proven financial anomalies. This EU policy covers the adequate amount of insurance for retail losses. And to reduce the risk of financial wipeouts, clients’ funds are segregated from the company’s capital in the event the firm faces bankruptcy in the future. These, together with other pertinent documents and disclosures can be found on InstaForex’s official website. Inarguably, the broker remains impressive in providing a safe space for traders.
InstaForex Account Selection
InstaForex offers an impressive selection of five accounts. However, trading conditions were not disclosed properly on the website, bringing in confusion to anyone who might want to open an account. Below are the conditions that each account has to offer.
- Insta-Standard Account– also known as the entry-level account, has a fixed spread between 2.0 pips and 7.0 pips. While clients are not required to have a minimum deposit, its trading cost still come daunting with its fixed spread between 2.0 pips and 7.0 pips.
- ECN and Scalping Accounts- These two accounts both offer a floating spread of 1.2 pips. They do not charge commissions, but require minimum funding of $100. Online reviews showed that while these carry a competitive fee, both remain inadequate in providing an optimum trading experience.
- Insta-Eurica Account- This type of account came to be the most flexible because its conditions are wired to deliver the needs of both newbie and professional traders. The spread may be enjoyed to as low as 0.0 pips, with a commission of 0.2% to 0.7%. With these conditions, the Insta.Eurica account stands as InstaForex’s flagship account.
- ECN Pro Account- With commission-free trading and a spread of 0.8 pips, clients will also find the ECN Pro an advantageous account. In addition to this, it has deviated from the usual ECN model that converts spreads into commission, making it an ideal account.
Customer Support
InstaForex has provided various communication channels for customer assistance. These highly responsive lines, with servers in Cyprus and Slovakia, are available 24/5 and may be utilized according to one’s preferred language. Clients’ queries may be placed through e-mail, telephone, and a number of social media including Skype, Messenger, Viber, WhatsApp, and Telegram. More commendable, it has a callback option and a live chat feature that provides resolution in real time.
Conclusion
True enough, InstaForex has established its name as one of the forerunners in the brokerage industry. Its tight market traction was mainly from the availability of optimum features and trading conditions. The continuum of tight security, excellent account selection, and a highly responsive customer support made trading experience more optimum and efficient.