Instaforex Forex Broker

A recent surge in the forex market led many companies to try their hand in the forex market. Instaforex is one such company which was founded in the year 2007 and they started their internet based online trading system in the year 2008. They have their headquarters or the office in Russian Federation. The company offers many features like, interest rate on funds, trading contests, affiliate programs, trailing stops, pending orders, one click trading, mobile trading and automated trading. They have a host of payment options which make the process of deposit and withdrawal of fund an easy and hassle free affair. The account currency allowed by the company is Euro and United States Dollar. Their website is multilingual and is available in about 20 languages which is a rare thing in the forex market. The website is easy to navigate and have a lot of information. Their customer support service is also multilingual but is available only in Arabic, Indonesian, Russian, Malay and English. The support staffs are well trained and are very prompt in their response and can be reached using a phone, email, live chat, forum, office and Skype.

The company is regulated by a regulating authority of Russia named RAFMM. They do not allow traders from United States to trade from their account. The demo platform as well as the real trading platform has Meta Trader 4 and Meta Trader 5 as the trading platform. This is very helpful to the traders as they can device their strategy while using demo account and implement it in while trading from real account. They offer different types of trading accounts and the minimum deposit required to open an account with them is only $1. Scalping is forbidden by the company. However, they allow the use of Expert Advisor while trading.

The reviews are the best medium to know about the quality of service provided by a company. Instaforex forex broker have very good reviews posted online by their users. The most liked feature of the company is that they offer 107 currency pairs to trade in which includes all the major pairs and a few exotic pairs as well. The other most talked about feature of the company is that their website is multilingual and that it is available in 20 languages. Their payment options are many and the reviews state that the deposit and withdrawal of money becomes an easy affair. The customer support service is excellent and is available in 4 languages. Also they are well trained and very friendly.  The leverage on forex trading is as high as 1:1000. A few cons of trading with them are that they do not allow scalping and that the account currencies allowed are only Euro and United States Dollar. The minimum spread on the trade is 3 pips. However, the overall review is very positive and the average rating given to the company by its customers is 5.4 out of 10 and is a good score.

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