The platform offers a wide variety of top-performing traders to choose from, complete with detailed statistics about their performance. This includes essential data such as the trader’s win rate, total number of trades, profitability, risk levels, and historical performance. Founded in 2007, InstaForex has been providing its clients with access to the Forex market for years. The company offers innovative service and high-tech customer support, and it boasts over a million clients from around the world. InstaForex allows access to global trading floors and products, from Forex to ECN to derivatives and commodities. The trading platforms are very easy to use and offer solid research, as well as copy trading – not something many brokers can brag about.
InstaForex offers multiple payment methods, such as deposits via Bank Card, Bitcoin, Litecoin, Ethereum, Tether, PayCo, Neteller, Skrill, and Online deposit. Once you’ve found a trader you want to copy, click on their profile or select “Copying”. To access the ForexCopy menu, click on “Company’s Services” and choose “ForexCopy” menu.
The Scalping account uses the same average float spread of 1.2 pips and is used exclusively for making quick, low-profit deals. This is one of the forex trading strategies that’s not allowed with most other brokerages, making InstaForex great for traders who use this method. The Insta.Standard account is for all kinds of traders and has fixed spreads ranging from 2 to 7 pips, therefore, some fees are low and some are high.
- The number of currency pairs is huge and you can spice up your portfolio with CFDs which are not very numerous at the moment but are steadily rising in number.
- Unlike the two aforementioned accounts, the ECN account only accepts EUR and USD as base currencies and has market execution instead of instant executions, and therefore, it is quicker.
- Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders.
- Overall, InstaForex made a solid choice when it picked MT4 as its platform.
FAQ on InstaForex Copy Trader Platform
Since the outbreak began, unemployment dropped worldwide and that drove millions to seek an alternate source of income. Because of this, the number of traders increased, and naturally, overall trading volumes quadrupled. With this account, you don’t need to pay any spreads when opening a trade.
There are only two options for trades, MetaTrader 4 and its younger, faster sibling, MetaTrader 5. All in all, the offer of financial instruments is very comprehensive and includes just about everything a currency trader can wish for. However, this might not be the perfect choice for devoted CFD traders because InstaForex’ list of products falls short to those of top CFD brokers in the business today. The brokerage is mainly focused on user-friendly forex trading and has won over 30 awards in this area.
However, if there are signs of the Master’s performance declining, you should consider stopping your investment. Ensure you can meet the minimum investment and commission required to copy the Master. After completing the steps above, you can now use InstaForex Copy Trader comfortably and safely. Opening an account with InstaForex is quick, simple, and fully-digital. To get started, you need to fill a standard application form with your information and accept the terms of agreement.
You can connect your tablet or phone to the VPS, and you can use it for nearly free with this service. The server is best for traders who want to trade at night, outside of normal trading hours. All brokers have an incentive to educate their clients to become better traders – and InstaForex takes this job very seriously. A unique feature of InstaForex is its copy-trading capability provided via the so-called forex Copy system. Essentially, this feature enables users to watch expert traders at work and copy their trades instantly by just clicking a button.
Customer Service ☎
Trading crypto since 2015, now I am also a forex trader who uses technical analysis to forecast market structure. Sometimes I use price action and combine it with several indicators such as Moving Average, MACD, RSI, etc. The pending order is copied to the ForexCopy follower account when it is executed on the ForexCopy trader account. On this page, you will see a list of Master traders available to copy. That is a filter you can set to find Masters with the desired criteria based on criteria like risk, balance, equity, total trades, etc. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer.
Minimum Deposit Only $10
The company began offering its clients MetaTrader 4, and it was one of the first brokers to do so. InstaForex offers investing, competitive trading, and a large client base, and it has become one of the leaders xcritical scammers in trading as a result. On the downside, there are many cheaper brokers with arguably more potent platforms and research capabilities. Nonetheless, InstaForex does a good job of providing for forex traders, regardless of their skill level and starting budget.
The educational offer is also excellent and would be ideal if it had instructional videos for all trading courses. Nonetheless, the bulk of newcomers to the forex markets are beginners and the high volatility isn’t the most pleasant circumstance for inexperienced traders. Nonetheless, the markets are steadily growing, in part due to the optimism sparked by the incoming COVID-19 vaccine – this news has energized the forex and stock markets alike. Big events like the ones we’ve seen in 2020 have brought upon an unprecedented trading environment – this makes the markets unpredictable, and thus, volatile.
Just choose a trader, and then you can set up automatic copying of the trader’s activity. It takes just a few minutes to do, and you can also become a trader that other people copy. In the world of forex, a scalping strategy is when traders make very quick trades with large volumes which gives them small, but safe profits each time. The fees and the minimum deposit are the same as on xcritical website the ECN account, but you need to get the scalping account if you want to trade forex by scalping.
Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account. The company’s contests, campaigns, and bonuses, reveal the broker to be a business that cares about its traders’ experience. Though some of the fees and commissions are pricey, those looking for educational tools and high-tech software have come to the right place. InstaForex cares a lot about its users, and that’s evident from not only the educational tools and calculators available on the platform, but also the bonuses and contests. Educationally, the broker offers strategies, reviews, calendars and Forex TV, all of which are geared towards giving traders insight into the market.
Advantages of InstaForex Copy Trader Platform
Deposits are very easy as there are several options you can use to put money on your account balance. Clients can transfer funds via ePayments, PayCo, Skrill, Neteller, Trustly, SoFort, and many more e-wallets. Naturally, you can also use wire transfer or just make deposits through your credit or debit cards.
