InstaForex Review: Is This Forex Broker The Best Forex Broker In The World?
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Today I am going to talk to you about one of the Forex brokers and how you can choose this great one out of so many out there.
A broker is someone (or a company) who works on your behalf to handle any type of financial exchanged. A Forex broker is someone (or a company) who helps people wanting to trade in Forex. He brokers (or acts as the go-between) the deal. He trades in the currency market for the trader, acting on the trader’s instructions.
Many beginning traders assume they can just hand over money and the broker will make all the decisions, leaving them out of the picture except when it’s time to collect their profit.
They assume finding a Forex broker will eliminate them having to make choices and therefore eliminate their risk of making a mistake. A broker can make suggestions, but the ultimate move is in the trader’s hands. You have to tell your money where to go in order for it to work for you.
With untold numbers of Forex brokers available, how do you choose which Forex broker you should work with? Choosing a Forex broker shouldn’t be done the same way you choose a plumber out of the phone book.
You want to make a wise choice since you’re basically trusting your financial investment into the Forex broker’s hands. If he’s not capable of handling Forex wisely, or worse, if he’s capable but not on the up and up, you stand to lose everything you invest. You want a Forex broker with experience, one who will help you make the best possible moves in the currency market.
Make a list of Forex brokers Check each one to see where he or she stands with the Commodity Futures Trading Commission (CFTC). Find out how the Forex broker makes his or money from you. Does the Forex broker charge you commission? Or does the Forex broker charge you fees instead?
Check with your friends who use the services of a Forex broker. Who do they recommend you work with? Is there a Forex broker they know of that you should avoid? Even though you trust your friends to have your best interest at heart, you don’t know if the Forex broker has a solid track record.
Check out what the Forex broker has done in the past. What are his profit/loss records like? Speak with him on the phone; spend a little time getting to know him. If the Forex broker doesn’t have time to spend talking to you to give you personalized service, then he doesn’t have time for your money.
How To Choose A Forex Market Broker As A Forex Market Trader
BELOW ARE MY CURRENT:
5 Forex Broker Checklist strategy that will help you compare and choose your preferred Forex Broker. We suggest keeping the following 5 checklists in mind when making your decision:
1. Is The Forex Broker Regulated? Here you need a Forex broker who is regulated in the Forex business with the regulatory body.
2. Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
3. The number Of Currency Pairs Offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
4. Availability Of Customer Service: This is a very major key to consider as a trader
5. Quality Of The Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.
So who do I recommend you trade with? might be your honest next question, there are so many Forex brokers out there like I stated initially but that notwithstanding I can only tell you the Forex broker that I deposited my money with, one that I currently trade with. but then always remember my above 5 check List Of Forex Brokers whenever you’re in search of one to start trading with.
INTRODUCING THE FOREX BROKER THAT I TRADE WITH
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 3,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the Forex market, as well as on-time technical and customer support.
InstaForex priority is to provide the wide range of services to every customer at any stage of work from new account registration to money withdrawal.
Their goal is to make trading on Forex comfortable and profitable.
InstaForex Company offers its clients possibility to get the Welcome bonus to the trading account. The floating Welcome bonuses are credited after every deposit to the trading account through one of the payment systems available at InstaForex Company.
InstaForex customers are able to use InstaForex bonus points to pay up to 50% of their purchases costs in InstaForex branded store. The bonus points are automatically credited to all live accounts for each closed deal. Broker’s partners can earn bonus points by carrying out operations on the currency market or get them from every trade closed by their referrals.
ForexCopy System by InstaForex Company:
InstaForex customers can take advantage of an extraordinary opportunity to partake in the no-lose ForexCopy system. Within the system, a forex trader follows trades of another one in a real-time mode. In order to automatically copy trades, a trader needs to subscribe to a preferred account, adjusting such parameters as a ratio of copying and currency pairs on which trades will be copied and executed. If such a trade turns out to be profitable, a ForexCopy trader receives a commission set earlier for providing this service to the follower.
Forex trading instruments:
InstaForex Company gives you the opportunity to work with 107 currency pairs, 200 CFDs on American shares and transactions on gold and also renders ECN broker services. We provide competitive and effective spreads for each trading instrument in order to create convenient trading conditions for our clients.
We offer traders the opportunity to work on the money market regardless of the capital size. You simply choose the most convenient working conditions that suit your deposit and start trading on Forex. You can begin working with a deposit of any size — $10 or $100,000 — gradually increasing it in order to pass over to bigger investments for good profit. Most of our clients began with a $10 deposit, and have developed into professional traders with thousands of dollars. You can do the same!
You can choose any leverage from 1:1 up to 1:1000 depending on the risk management strategy you use when trading. Should you be a long-term trader who abides by conservatism when it comes to capital management, then a 1:100 leverage is for you. But if you are an aggressive type of daytime trader, then a 1:1000 leverage may become your irreplaceable profit tool.
InstaForex Company has launched Option Trading Cabinet, a section in Client Cabinet. Option trading implies operating contracts that yield fixed profit with limited risks determined by the trader.
What is a futures contract or simply a future? A future is a derivative financial instrument, standard instant exchange-traded contract to sell or buy a basic asset when the parties (seller and buyer) agree on the price and delivery date only. Futures have been designed to decrease the risks for a basic asset owner.
Forex trading without spread:
InstaForex Company provides great opportunities for its clients. You do not need a spread to work in the money market anymore! This gives both new and professional traders even more possibilities! Without spread, the trading process is easier to perceive visually, and technical analysis is more effective for decision making.
We do not increase the spread when the news is released, that is why our traders can be perfectly sure that abrupt spikes will not cause them unstable profit.
Best swaps among other companies:
InstaForex Company offers the most competitive swaps, having abandoned the standard system of making a profit with a spread against the client. The company does not take any commission for the swap, as a result, the client does not overpay keeping the deals open for more than several hours – in cases when opened positions on a currency instrument remain opened at midnight.
Swap-free accounts are designed for those whose trading systems do not consider swaps, or whose religious beliefs forbid them to use swaps. In this regard, swap-free accounts are also called Islamic accounts. When you change to a Swap-free account, the trading terms of the Standard or Eurica accounts remain the same.
5% annual interest:
A 5% annual interest is credited on all types of accounts. The interest is calculated for funds not involved in trades. InstaForex customers do not need not worry that their profit will decrease due to inflation. InstaForex Company pays a 5% annual interest to its customers at the end of each month!
PAMM accounts service in InstaForex Company is a tool of collective investing in projects rendering investment services. Every client of InstaForex Company can accept investments from other traders or invest funds in someone else`s account and become a shareowner in this account.
VIP affiliate program:
Every partner of InstaForex has an opportunity to send a request for VIP affiliate program and gain additional advantages compared to a standard affiliate program. Privileges include higher commission up to 2 pips per trade and individual approach to the account holder.
InstaForex Company provides its clients with a unique opportunity to become a full-fledged member of the exclusive club of InstaForex international online broker. Membership in InstaForex Club means a range of privileged options; one of the main opportunities is getting special bonuses for each deposit on a trading account.
Under the conditions of the present global crisis, the only Forex allows hedging business risks related to considerable rates fluctuations. InstaForex Company is one of the few companies offering its clients consultations on hedging and a program aimed at assets hedging.
Forex TV materials cover the latest events, trends and many other aspects of Forex. Watching it, you are sure to keep track of fresh news related to the currency rates movement and be aware of the impact they might have on the currency pairs in future.
Quality of service:
Our specialists offer technical customer support 24/7. Even if you use a demo account, you can count on expert advice and get answers to all the questions you may have, until you become experienced enough to start working on a live account. The main goal of our customer support service is politeness and effectiveness when dealing with customers.
Forex analytics is an irreplaceable instrument of effective trading for numerous market participants. With high-quality analytical information and professional forecasts of further market movement at hand, you will always be on top of the freshest market trends.
Nowadays InstaForex Company has 260 offices all over the world. Choose the country below to find information about the office you are interested in.
General principles of service provisioning:
With InstaForex traders enjoy an entire spectrum of possibilities. If you have become our customer, you can be confident that you will get access to all types of new trading services on the financial markets. InstaForex specialists analyze brokerage service markets and do their best to quickly react to new trends. We constantly seek innovation, staying abreast of competitors development; continuing our regular work, we also introduce new contract types.
Each company’s client can download mobile platform, web platform, MetaTrader 4 and Metatrader 5 platforms. It should be reminded that InstaForex is the first company in the world to have launched MT5 live trading accounts.
InstaForex company offers a unique service to its clients – segregated accounts providing protection of their capital from risks of any force major situations related to the company’s activity. In a generally accepted sense, the term “segregated account” means storage of clients’ funds separately from the funds of the company.
We offer our clients a wide range of ways to replenish their accounts — from electronic payment systems to wire transfers.
Bank-level safety of trading accounts:
Every customer can protect his trading account from hacking by enabling SMS password service which includes a request for one-time SMS password for every withdrawal. So, activating the SMS protection service in Client Cabinet, the owner of a trading account defends his funds from unauthorized withdrawal by hackers in case the trader password was stolen.
InstaForex regularly holds different contests and campaigns for its clients with the annual prize fund of more than $500,000. Thereby, the company’s prize pool is constantly growing. Every client can participate in monthly and weekly contests and get a part of the prize pool. We annually arrange the raffle of an impressive prize indeed — the automobile (2010 – Hummer H3, 2011 – Lotus Elise, 2012 – Lotus Evora, 2013 – Porsche Cayenne, 2014 – Lotus Evora, 2015 – Porsche Cayman, 2016 – Jaguar F-Type, 2017 – BMW X6, 2019 – Lamborghini Huracan).
MT5.com portal for traders:
InstaForex Company is a developer of the universal portal for traders MT5.com. MT5 is an international online platform having the unique by its parameters and variety set of tools and services, for all traders. The priority of the MT5.com portal for traders is providing traders on Forex and other financial markets with timely and up-to-date information about trading helping each trader move to a higher professional level.
InstaForex Company takes part in international exhibitions all over the world. You have a great chance to meet its representatives at expositions held in the capitals of numerous countries.
InstaForex trading servers:
InstaForex owns 9 trading servers and 50 data centers all over the world which ensure even load distribution. Such extensive network allows rendering reliable and high-quality service to more than 3 000,000 clients from every corner of the world and makes the trading process with InstaForex Company very convenient. Regardless of the location, every trading server functions stably and accurately, covering the gap of thousands of kilometers from one server to another in 0.2 seconds. Any client of InstaForex Company opening a live trading account can choose the location of a trading server depending on his preferences and place of residence.
And finally, Sign up Here To Consult with their specialist and find out how to choose the most suitable trading conditions today. You Will get $250 bonus when you signup with InstaForex from this link today.
Talk To You Soon And See You Inside,
Highest European Session Pip Earner And Coach
Helping You Financially
Author: CashForex Portfolio Trading Book.