This is because the bid price is always the same as the ask price – this is why commissions ranging from 0.03% to 0.07% are charged for all trades. We sent InstaForex an email with a simple inquiry to see how quickly the customer service will respond and how they will answer our question. We were pleasantly surprised when we got a reply just 30 minutes afterward.
Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots. All in all, we are still experiencing an economic downturn and no one knows exactly when things will go back to normal. That is why it’s recommended for all traders, especially beginners, to play it safe in this era of high volatility and unexpected economic plot twists. The Coronavirus pandemic has affected the global economy in many ways but few industries have seen as much impact as the forex trading sector.
Easy and Suitable for All Types of Traders
Judging from the features offered, InstaForex doesn’t just concern itself with experienced clients. People who are new to Forex can benefit from the educational tools on the website, as well as the demo accounts offered. Overall, people who are new to Forex, as well as old pros, are welcome with this broker. With a minimum deposit requirement of just $10, the InstaForex Copy Trader platform is accessible to a wide range of investors, including those who don’t have large capital to invest.
When to Stop Copying a Masters in InstaForex Copy Trader?
One key way to ascertain that your trading experience will be reliable and glitch-free is to look at the software offered. InstaForex provides MetaTrader 4 to its users, and it points out that, though MT5 has a lot of new features, many users prefer the 4 variation. MT4 lets traders multitask by sending market orders and pending orders at the same time. It also has a toolkit for charting, multilingual features, and it supports different trading strategies.
This feature is great for new traders who want to learn from the pros, as well as those who don’t have the time to devote themselves to trading but still want to make a safe profit. You can pick your favorite from the list of pro traders and piggyback your way to greater profits. The broker updates its list of products regularly xcritical reviews – not long ago, traders only had access to 30 U.S. stocks, so it’s not unreasonable to assume this list will grow in the future.
- Being a follower of InstaForex Copy Trader offers significant advantages.
- This means that the broker’s European clients are insured by up to €20,000 in case their account balances are somehow unrightfully damaged.
- One key way to ascertain that your trading experience will be reliable and glitch-free is to look at the software offered.
- Scroll down to the “Copy Trading Period”, where you can set the start and end dates for copying.
This influx of traders and new capital has only emphasized existing price trends. The most prominent example of this is the price of USD – the dollar dropped due to high unemployment in the U.S., giving traders worldwide the opportunity to profit from this fall. As a consequence, it is still low compared to its former price and experts believe it will still be a while before the USD fully recovers. Moreover, the educational materials are well-organized and you also have access to tests you can do to reinforce your knowledge. Unfortunately, these resources are in written form, but if you want video lessons, you only need to go to InstaForex’ Youtube channel. The channel has thousands of videos, and among them, playlists with lessons on how to trade and use the broker’s platforms.
For a more detailed guide on how to open a follower account on the InstaForex Copy Trader platform, check out the following video. This transparency allows users to make informed decisions when selecting a trader to copy, helping them to choose based on their personal risk tolerance, goals, and preferences. The trader can also help themselves with trading calculators provided on the InstaForex website.
Trading Platforms 🖥
InstaForex Copy Trader is also called the ForexCopy system, which works the same way as the general copy trading scheme. In this case, the individual who copies the trades is called the “Follower”, while the experienced trader whose strategy is copied is called the “Master”. Although different brokers may use different terminology, both of these roles are essential for any copy trading platform. Another reliable feature is the VPS hosting service that InstaForex offers. This Virtual Private Server is a computer in the data center, and it works the same way as a regular computer.
Top Features
EU clients are protected by CySec, the only top-tier regulator keeping its watchful eye on InstaForex. In this review, we will cover all the aspects of this brokerage to see if it is safe, easy-to-use, cheap, and worth your time in general. It’s not easy lxcriticalg a new craft, especially one that is full of numbers, charts, and odd terminology – but it is probably easier than you think. After all, the forex market is growing as COVID-19’s economic impact has drastically impacted the world’s leading currencies. Scroll down, activate the “The information is accepted” option, and click “Proceed”.6.
Instaforex offers a huge selection of currency pairs and copy-trading capability. I just start trading with this broker and so far I am quite happy with their trading conditions. Low & fixed spreads.Requote is normal and good withdrawal process.
Overall, InstaForex made a solid choice when it picked MT4 as its platform. You can also fund your account directly with Bitcoin, which is rare among forex brokers and shows that InstaForex is keeping up with the latest trends. Aside from all this, the minimum deposit for most account types is zero and you can set up accounts with different base currencies, the most popular of which are USD, EUR, and RUB. This unique service speaks to the reliability of InstaForex’s safeguards for its clients.
Users can also buy and sell CFDs on natural gas and crude oil, as well as the 5 most popular cryptocurrencies – Bitcoin, Ethereum, xcritical, Litecoin, and Bitcoin Cash. The list of tradable products at InstaForex is strong when it comes to forex – you can trade 107 currency pairs, which is comparable to the most prominent competing brokerages. The list of CFDs only includes 88 U.S. stocks but you can also trade binary options, as well as silver, gold, and other commodities.
The broker was founded in 2007 in Kaliningrad, Russia but has xcritical cheating since grown with over 260 offices spread across the world. Being a follower of InstaForex Copy Trader offers significant advantages. You can trade like a professional by copying the strategies of expert traders with minimal effort—just a few clicks. Provided by InstaForex, Insta-Futures are a way to trade futures against other traders through a platform that has been backed by a financial group with a dozen years of market experience.