Instaforex Broker Review
Instaforex Broker Overview
Instaforex is an international forex trading firm with a powerful trading software that has newsfeeds from both Reuters and Down Jones. They are a great trading company to start with especially for those new to the market as they allow for flexible leverage and low account minimums so traders can test the market without having to make a huge financial commitment. They provide technical support and consulting services 24 hours a day 5 days a week and have near instantaneous execution of trades. Instaforex also allows trades to trade in 32 currency pairs, 34 NYSE indexes and CFDS as well as gold trading.
Account Opening Details
- Instaforex can open an account with as little as $1
- Leverage from 1:1 to 500:1
- Lot size is 10,000 units of currency
- Can trade as little as 0.01 lots, or 100 units of currency at a time
Insta forex Pros
The Instaforex demo allows traders to choose the account size and deposit amount to make the practice-trading environment as close to real trading as possible. They also provide basic pip calculators to determine how much a pip is worth. For traders who seek greater transparency, spreads are fixed under all normal market conditions. They also offer very flexible leverage allowing traders to use anywhere from 1:1 leverage to 500:1 leverage. They also PAY 6% interest on funds
Instaforex Cons
To open a demo account, you must download the software first and open it from there. They do not offer web-based charts, but instead have them in their InstaTrader terminal
