Pros and Cons
Pros
- Award-Winning Broker
- Wide Asset Range
- MetaTrader 4 and 5 Offered
- Large Client Base
- EU Regulation
- 5 Deposit Currencies (EUR, USD, PLN, CZK, GBP)
- No Deposit Fees
Cons
- No Proprietary Software
Recommended For
Instant Trading EU Ltd (instaforex.eu) is the European Union broker, raking in the awards for years. There are a lot of educational tools and there is even a section on the main site dedicated to beginners. This broker seems welcoming of new investors, so we say it is recommended for traders of all experience levels, no matter whether they are old pros or novices.
Top Features
• Crypto Trading.
Cryptocurrency has taken the trading world by storm in the past few years, and you can access over 70 cryptocurrencies with this broker. According to this broker, you can trade 24/7, trade NO spreads for BTC, ETH and XRP and very tight spreads and low commissions (0.05% for VIP accounts) with no hidden fees, and generally have great conditions on this “competitive alternative…to Forex.”
• Research Tools.
Like education, this is provided in-house. Instant Trading EU Ltd (instaforex.eu) has more than thirty analysts covering financial markets, and the analytics department consists of: Popular Analytics, InstaForex TV, Forex Forecast, Economic Calendar, and Forex News.
• Educational Features.
Instant Trading EU Ltd values its new traders, and it appears to want to teach them as much as possible. Education is provided via video tutorials, written content, an online course, and more. After you complete the educational course, your material is downloaded so you can retrieve it when you need it. The video library covers a selection of key topics about Forex, completing the entire educational section. There is also the possibility of achieving the status of an “Experienced Client.” in Poland, therefore gaining access to higher leverage.
• Branches in Europe.
Well recognized brand having its history since 2007. European license (CySec) was received in 2015, authorization in Slovak, Polish and Czech regulators were received in 2020 and 2021, at the same years the company opened local branches in those countries.
Overview
-
Type of Broker
Non-Advisory/Executionary Broker -
Regulation & Licensing
Cyprus Securities and Exchange Commission (Cyprus), Czech National Bank (Czech Republic), Polish Financial Supervision Authority (Poland), National Bank of Slovakia (NBS) -
Clients Accepted from
EU-Permitted Countries -
Assets Offered
Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks -
Platforms Available
WebTrader, MT4, MT5 -
Mobile Compatibility
Android, IOS -
Payment Types Accepted
Debit / Credit Cards, Neteller, Skrill, Sofort, Wire Transfer, Przelewy24
Account Types
MTS |
Pro MTS |
|
Features |
Market Execut ion, No Deposit Fees, Floating Spreads |
Market Execution, No Deposit Fees, Float ing Spreads |
Account Currencies |
EUR, ,£1N,QllS, |
EUR, . . . |
Available Leverage |
Varies based on asset |
Varies based on asset |
Minimum Deposit |
1000 EUR (Or Equivalent in Other Currencies) |
10000 EUR (Or Equivalent in Other Currencies) |
Commission Per Trade |
Depends on Asset |
Depends on Asset |
Decimal Pricing |
Up to 5 |
Up to 5 |
Trading Instruments |
2,500+ Instruments |
2,500+ Instruments |
Min. Lot Size Per Trade |
0.1 |
0.1 |
Spreads |
0.0 (Raw) |
0.0 (Raw) |
Demo Account |
Yes |
Yes |
Swap/ Rollover Free |
Yes |
Yes |
Copy Trading Support |
No |
No |
VIP MTS |
|
Features |
Market Execution, No Deposit Fees, Floating Spreads |
Account Currencies |
EUR, .ekN. . |
Available Leverage |
Varies based on asset |
Minimum Deposit |
50000EUR (Or Equivalent in Other Currencies) |
Commission Per Trade |
Depends on Asset |
Decimal Pricing |
Up to 5 |
Trading Instruments |
2,500+ Instruments |
Min. Lot Size Per Trade |
0.1 |
Spreads |
0.0 (Raw) |
Demo Account |
Yes |
Swap/ Rollover Free |
Yes |
Copy Trading Support |
No |
You can choose from three different accounts, as this broker offers a wide range.
ECN accounts are available for both MT4 and MT5. These accounts are of three levels: ECN, ECN PRO, and ECN VIP. Basically, they differ from each other by the deposit requirements and commission values. So, professionals who are used to trading big volumes are likely to find PRO and VIP accounts more convenient. All ECN accounts offer market execution and raw floating spreads. MT4 accounts have approximately 220 trading instruments and lower deposit requirements while MT5 accounts have more than 2,500 instruments.
A very interesting offer, especially for beginner traders, is an ECN account on the MT4 platform where the minimum deposit required is only 200 EUR (or equivalent in other currencies like: USD, PLN, CZK).
Trading Platforms
- MetaTrader 4
- MetaTrader 6
- WebTrader
- MobileTrader
- Multiterminal
Trading and Investment Tools
-
Forex Calendar
Lets you know the daily news about what is happening in financial markets. -
Forecast
Gives predictions on assets like Bitcoin. -
Demo Account
Comes in handy for traders who are not yet ready to open a live account.
Compliance & Regulation
Instant Trading EU Ltd is regulated by the Cyprus Securities and Exchange Commission (Cyprus), Czech National Bank (Czech Republic), Polish Financial Supervision Authority (Poland), and the National Bank of Slovakia (NBS) in the EU.
In addition to the licensing mentioned in a few sections above, Instant Trading EU Ltd adheres to the Markets in Financial Instruments Directive (MiFID), which ensures a level playing field in the financial markets of the European Economic Area, protects investors, and increases the transparency of transactions.
Additionally, Instant Trading EU Ltd is a member of an Investor Compensation Fund. This will reimburse clients if a broker isn’t able to meet its financial obligations.
Pricing
The pricing depends on your account type and whether you are using MT4 or MT5.
Reliability & Security
To determine Instant Trading EU Ltd reliability and security, you can look at InstaForex.eu to see what people are saying. Users seem to trust InstaForex, and this broker has gotten positive reviews from sites like:
• 55Brokers: 5/5
• SAShares: 4.7/5
• MyFXBook: 3.3/5
• Google Play: 4.4/5 (App Review)
• CashBackForex: 4/5
• AllFXBrokers: 97%
• ForexFraud: “Top Quality and Competitive Broker”
User Experience
The accolades speak for themselves. This broker has won a lot of awards for its fantastic user experience, including:
• Best Managed Account, 2019 (IAFT Awards 2019)
• Best Affiliate Program, 2020 (Global Brands Magazine)
• Best Forex Broker in Central and Eastern Europe, 2021 (International Business Magazine)
• Most Innovative Broker, 2021 (Global Brands Magazine)
• Nomination for Broker of the Year, 2021 (Invest Cuffs 2022)
Final Thoughts
The awards prove the point that Instant Trading EU Ltd (instaforex.eu) is, overall, an excellent broker. It offers fantastic educational tools and a wide range of account types to its clients. This is an excellent broker for traders of all experience levels.
Contact Info
Website:
instaforex.eu
Email:
[email protected] (Head Office)
Telephone:
+35725654112 (Support, Head Office)
Company Address:
23A, Spetson, Leda Court, Block B, Office B203, Mesa Geitonia, CY- 4000 Limassol; Oddział w Polsce- ul. Dworcowa 47, 85-009 Bydgoszcz
FAQs
Q: What are customer support hours?
A: Customer support hours are 24/5.
Q: Are there any bonuses or promos available?
A: No.
Q: What is required to open an account?
A: You need an valid identity document and utility bill.