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InstaForex Review

If you are looking for a strong Asian forex broker offering, you are well advised to at least consider InstaForex, as it is one of the most successful brokers to come out of Russia (and that is saying a lot when considering that Alpari and EXNESS are both originally Russian). In fact, InstaForex was named the best broker in all of Asia in 2009 and 2010, beating out some fairly tough competition. Let's look at why:

  1. Maximum leverage at 1,000:1 *
  2. No minimum deposit limit - you can deposit $1 if you want
  3. Recently increased interest on unused margin to 13% per year (yes, 13%, increased from 6% previously)
  4. Segregated accounts (for accounts of $100,000 or more)
  5. Tons of contests and lucrative giveaways such as cash and sports cars
  6. 30% welcome bonus on your first deposit
  7. Wide range of instruments to trade (over 300, including many fx pairs, CFDs and futures CFDs)
  8. Swap-free accounts with no extra charges
  9. No "padded swap rates" on regular non-swap-free accounts

Please note that the execution can be a bit slow at times, but is better than average. Withdrawals are handled quickly and efficiently.

BONUS: InstaForex offers all traders a 30% bonus on ALL deposits (not only initial deposits). There is a trading volume requirement before any bonuses can be withdrawn, and they are very strict about any possible abuse of the bonus system.

Also on offer are numerous competitions and draws, with very valuable prizes such as sports cars, Hummers, and cash.

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Subjective Ratings

Charting: Four and Half star Charting Rating
Execution: Three and Half star Execution Rating
User-friendliness: Four and Half star User-friendliness Rating
Customer support: Four and Half star Customer Support Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating
Rollover interest rates: Five star Rollover interest rates Rating
Withdrawal processing: Four and Half star Withdrawal processing Rating
Platform Functionality: Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Four and Half star Average Rating

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Business Details

Broker Headquarters: Russia
Regulated By: RAFMM (Russian Association of Financial Markets Members
Client Account Segregation: Yes, for accounts of $100,000+
Collect Taxes on Earnings: No
Accept US traders?:
Main liquidity providers: Unknown
Broker Capital as of 10-2010 Unknown
Also has offices in: none
Registered Business Name: InstaForex Group
In business since year: 2007
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25

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Trading Conditions

Browser platform: None
Downloadable platform: InstaForex Metatrader 4 (MT4)
Mobile platform: None
Phone dealing: No
No Dealing Desk Execution: Not available
Fixed spreads: Yes, fixed under all market conditions.
Guaranteed stop losses? No, all orders are executed at best available price
Hedging capability: Yes
Trading Hours:
Timezone
Scalping allowed: No
Account currencies available: EUR, RUB, USD
Platform languages: English
Support languages: English
Demo account: Unlimited
Live chat support: During market hours
Promotions & tournaments:
Swap-free accounts  Yes - no extra fees are incurred on Islamic style accounts
Typical spread on EUR/USD: 3 pips (0.0003) FIXED
Order processing: ECN
OCO orders available: No
Trailing Stops: Client-side
If/then orders available: No
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Not loaded
Tradeable Instruments: 0   
Automated Trading: Yes
Depth of market view (Liquidity): No depth of market view available
Interest on Margin: 13% on unused margin
Pending Orders Away from Market:

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Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.
* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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