InstaForex review

InstaForex offers multiple trading accounts, including Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. The minimum deposit starts from 1 USD, but the spreads range from 3-7 pips, which are considered high. Surprisingly, the trading commission for 0 spreads is 0.03%. Leverage is set at 1:1000 for all accounts, and the minimum lot size is 0.01 lots. The broker's location in Moscow, Russia raises further concerns amidst the numerous regulatory warnings and fines. They provide MT4 and MT5 trading platforms, as well as a multiterminal for Forex and CFD trading. Due to the multitude of allegations, we strongly advise against opening a trading account with this broker. Moreover, the poorly designed trading accounts page obscures the details of Cent.Standard and Cent.Eurica, hinting at a deceptive tactic to lure unsuspecting newcomers. The website offers educational resources like trading courses, video tutorials, and glossaries. Additionally, InstaForex provides market research tools such as economic calendars and analytics. While IPO trading and VPS services could be beneficial, they lose their value due to InstaForex's lack of legitimacy and reliability. The loss of their license from the Belize regulator and the numerous warnings from reputable authorities solidify our strong recommendation to steer clear of this broker.