InstaForex Review 2023: Is It a Legit Broker or Not?
InstaForex is a worldwide brokerage brand that offers forex and CFD trading and excellent all-around service to seven million consumers. InstaForex has established itself as one of the most well-known and rapidly rising worldwide brands with multiple high-profile sponsorships.To get more news about instaforex review, you can visit wikifx.com official website.
Companies operating under the InstaForex brand are fully regulated and licensed to provide online trading best services worldwide, particularly in the European Union. As a result, InstaForex is an outstanding choice for more advanced traders of all sizes.
Read our honest InstaForex review further to learn more about this international trading platform and determine whether InstaForex is a good fit for you.
What Is InstaForex?
InstaForex gives you a solution from the world’s best developers, allowing you to execute trading assisted by the major counteragents offering direct market access. InstaForex was founded in 2007, with its headquarters in Limassol, Cyprus, but it now serves clients worldwide. The number of professional traders who use InstaForex currently surpasses 7 million, an astounding statistic.
InstaForex is a trustworthy broker with a wide selection of Forex trading products and cutting-edge technology. The InstaForex platform is simple to use, and the InstaForex broker offers a variety of low-cost deposit options, professional education, & an analysis section.
On the other hand, InstaForex conditions vary according to the company you will trade with, and social trading fees for particular items may be significant. Companies operating under the InstaForex brand are fully regulated and licensed to provide online trading services worldwide, particularly in the European Union. As a result, InstaForex is an outstanding choice for advanced traders of all sizes.
InstaForex User Experience
As per the InstaForex review, the trader experience is commendable. Starting from the features that InstaForex provides on their trading platform to demo accounts, traders are extremely happy with the service that this broker provides. The trading platform is receiving great InstaForex reviews from investors and customers because of the seamless transaction process they offer and its fast execution.
Besides this, the fees that this trading platform charge is quite low compared to its trusted forex broker in the market. This is why many traders are using this platform and earning huge amounts of money.
The trading signals offered by this InstaForex trading platform are liked by all. The trading style that this platform supports and the trading conditions that this online trading platform offers is commendable. Also, the platform acknowledges all the positive feedback and negative reviews sportingly that are provided by international traders.
Many brokers also have shared their positive InstaForex reviews on the account types InstaForex offers. The advisors from the InstaForex team always take the initiative to respond with this message “Thank you for choosing InstaForex”.
Features of InstaForex
Negative Balance Protection
When it comes to providing protection against negative balance protection, this platform is regulated by CySEC and follows the principles of Instant Trading LTD. All the traders are eligible to claim compensation of about 20,000 EUR when they go bankrupt. There are many strict rules and regulations that the brokers have to follow before claiming their funds; protection is provided to all the traders. This ensures that the platform is authentic and provides the right services to its traders.
InstaForex is ticking all the right boxes when regulatory and compliance adherence is taken into consideration. This provides the best option for you to reunite yourself when your capital is at risk. Sometimes, when your capital is at risk, you end up in a dilemma about what to do next. In such cases, negative balance protection offered by the platform saves you from bankruptcy. They have received positive feedback from reliable brokers for providing such great trading opportunities.
Leverage
The best benefit of selecting InstaForex to trade online is the leverage availability that this platform provides. Compared to other trading platforms, this platform stands out of the crowd when leverage is taken into consideration. The maximum leverage that this platform provides is 1:30 that reflects the EU rules and regulations on FX or forex trading for all the retail clients. The user reviews by the best brokers on the leverage are also great.
Customer Support
While we review InstaForex broker, we came across that it has an online forum where many customers, investors, traders, and other experts generally answer all the questions of beginners or other traders. They also have an excellent customer support team that is always present to resolve your queries. Their technical support team asks you to fill out an online form to mention all your questions and queries.
They go through the form and answer all your queries within a short period. They also provide technical support that you can select by visiting their official website. You can also connect with the advisors through WhatsApp or Skype. Simultaneously, you can visit the Contact Us page of the platform which provides you with comprehensive options to get in touch with the right person.