Should you consider trading with InstaForex
Should You Consider Trading with InstaForex?
It allows you to connect to a network of consistently successful traders and copy their trades automatically in to your own account.
As a beginner, you are not required to acquaint yourself with the nuances of forex trading since all you have to do is join this trading community, choose the leaders (or the experienced traders) whose trades you want to follow and get their trades copied in to your own account.
The platform will produce the list of the traders who have been performing consistently well.
You should check out the list, closely consider factors like winning consistency, overall success record etc and choose the ones you feel will click for you. InstaForex enables forex trading through derivatives, commodities and ECN trading.
Founded in the year 2007, InstaForex is a part of the InstaForex Group situated in Russia. It is an amalgamation of investment and financial companies.
As recipient of multiple international awards like Best Broker in Asia (2014), Best Forex ECN Broker (2013), Best Broker in Eastern Europe (2014), InstaForex, today, stands as one of the most trusted trading platforms.
Trading with InstaForex
ForexCopy remains an innovative technology which allows traders to mirror trading moves of more successful traders with the help of a chosen ratio.
Beginners can explore any of the two accounts namely Insta.Eurica trading account and the Insta.Standard account.
There is a free demo account which allows traders to hone their trading skills needed to make a mark in forex.
Though copy trading does not require you to educate yourself much about the trade, the demo account works wonders for traders who want to get a taste of how forex works— irrespective of whether they are copying trades or not.
InstaForex is compatible with Meta Trader 4 Platform offered by MetaQuotes Software Company.
You can open an account with as little as $10 for leverage even as high as 1:1000.
The company is known for surprising clients with frequent bonuses and contests.
No doubt, it has clocked in around 500,000 corporate and individual clients.
The international acclaim achieved by InstaForex (in the form of the aforementioned awards) has made it easier for users to establish the authenticity of the platform.
The digital era has witnessed a number of online scams. Validating the credentials of the platform becomes an important aspect in that case.
The deposit money is real low ($10) with the facility of standard leverage. Beginners, no doubt, will not hesitate to try their luck their here.
Besides the low deposits, the bonuses are a definite incentive for potential traders to join this platform.
There are great Welcome bonuses in the offing for clients. These bonuses are credited after each and every deposit in the account.
The website itself offers you ample learning opportunities through videos, free webinars, beginners’ courses and advanced courses among others.
Forex beginners can access informative articles, glossary and FAQ section to get started.
The 24/7 chat and phone support systems are well appreciated as well.
The website of InstaForex does not really make for a very easy reading. While the use of red colored letters seems a tad too out of the place, you might as well end up feeling that the home page itself has tried to cram too much information.
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Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage available can magnify profits and as well as loses. You can lose more than your initial deposit. Before trading, please carefully consider the risks and inherent costs and seek independent advice as required.