Instaforex Review
Overall, InstaForex is one of the most versatile and reputable forex and CFD Brokers. InstaForex offers a no-deposit bonus of 1,000 USD to newly registered traders. There are four flexible retail accounts and several award-winning platforms.
- Louis
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 1
Regulators
BVI FSC, CySEC, FSA SVG, FCA
Trading Desk
MT4, MT5, Multiterminal, Web, Mobile Trader
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
InstaForex has been a recurring presence throughout our extensive experience in the forex market.
Since its establishment in 2007 by the InstaFintech group, this company has undeniably gained international recognition. Their platform is being used by over 7 million traders worldwide, indicating their success in the industry.
We have always admired InstaForex’s ability to stay ahead of the curve. These pioneers were the ones who initially brought live accounts to the MetaTrader 5 platform and established nine MetaTrader trading servers, demonstrating their commitment to delivering a seamless and dependable trading experience.
With an extensive range of trading instruments, including over 110 currency pairs, 2,000+ share CFDs, and 13 cryptocurrencies, there is a diverse selection to cater to every trading style.
Traders in Colombia can benefit from several advantages offered by InstaForex. Anyone can enter the market with just a dollar, making it accessible to a broader audience.
The PAMM system is an intriguing feature, particularly for individuals seeking a more hands-off approach to investing. Investing in the accounts of successful traders has the potential to generate profits for you.
In our assessment, InstaForex has demonstrated a commendable level of transparency and security. Regulated by reputable institutions such as the FCA in the UK and CySEC in Cyprus, these brokers provide additional trust and assurance, particularly for Colombian traders new to the forex market.
Overall, we found that InstaForex offers innovative services, competitive trading conditions, and a strong commitment to customer satisfaction, making it a reliable choice for traders worldwide, including those in Colombia.
InstaForex was founded in 2007 and has become a major online brokerage business participant.
InstaForex operates 9 trading servers on the MetaTrader 5 platform, delivering a strong and dependable trading infrastructure.
At a Glance
| 🏛 Established Year | 2007 |
| 🌎 Regulation and Licenses | BVI FSC, CySEC, FSA SVG, FCA |
| 🥇 Ease of Use Rating | 5/5 |
| 💸 Bonuses | Yes, 100% bonus, 55% bonus, 30% bonus, Club Bonus, No-Deposit Bonus |
| 📞 Support Hours | 24/5 |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader |
| 📊 Account Types | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica |
| 💱 Base Currencies | USD, EUR |
| 📉 Spreads | From 0.0 pips |
| 📈 Leverage | Up to 1:1000 |
| 💰 Currency Pairs | 110; minor, major, and exotic pairs |
| 💳 Minimum Deposit | 4,100 COP ($1) |
| 🛑 Inactivity Fee | Yes, 5 EUR after 3 months of inactivity |
| 👥 Website Languages | English, French, Malay, Dutch, Italian, German, Simplified Chinese, Slovakian, Polish, Vietnamese, Portuguese, Spanish, Romanian, and more. |
| 💹 Fees and Commissions | Spreads from 0.0 pips, commissions from 0.3% |
| 🚀 Affiliate Program | Yes |
| ❌ Banned Countries | The United States |
| 🔥 Scalping | Yes |
| 📜 Hedging | Yes |
| 📚 Trading Instruments | Forex, shares, indices, precious metals, energies, commodity futures, cryptocurrencies, InstaFutures |
| 👉 Open Account | Click Here |
Regulation and Safety of Funds
InstaForex’s Regulation in Colombia
InstaForex is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). However, InstaForex’s global regulations are listed in the table below.
InstaForex Global Regulations
| 💻 Registered Entity | 🏛 Country of Registration | 📜 Registration Number | 📈 Regulatory Entity | 🥇 Tier | 📉 License Number/Ref |
| Instant Trading EU Ltd | United Kingdom | – | FCA | 1 | 728735 |
| Insta Trading EU Ltd | Cyprus | 266937 | CySEC | 2 | 266/15 |
| Instant Trading Ltd | British Virgin Islands | – | BVI FSC | 3 | SIBA/L/14/1082 |
| Insta Global Ltd | Saint Vincent and the Grenadines | – | SVG FSA | 3 | 22945 and 24321 |
InstaForex’s Protection of Client Funds
| 🔎Security Measure | 📱Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | No |
| Compensation Amount | None |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
InstaForex employs SSL certificates to ensure its clients’ transactions are secure and protected.
Yes, InstaForex uses two-factor authentication (2FA) to increase customer account security.
Awards and Recognition
As we explored InstaForex’s website, we came across the following awards that the broker has won:
- International Business Magazine named InstaForex the Best Customer Service Broker in 2024, recognizing their commitment to providing great customer service.
- ShowFx World named InstaForex the “Best Broker in Asia” in 2024.
- InstaForex was recognized for its excellence in the Forex trading market, collecting the Best Forex Broker title at the 2023 Forex Traders Summit in Dubai.
- In 2023, InstaForex was named the Most Reliable Forex Broker of the Year for its commitment to offering dependable trading services worldwide.
InstaForex Account Types and Features
We found flexible solutions when we evaluated InstaForex’s account types. The fact that there are two cent accounts will benefit many Colombians who are just entering the forex market and who would prefer not to deposit large sums yet.
Join us as we explore the four retail accounts available to Colombian traders.
| Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica | |
| 🌎 Availability | All | All | All | All |
| 📚 Markets | All | All | All | All |
| 💰 Commissions | None; only the spread is charged | From 0.03% to 0.07% | None; only the spread is charged | From 0.03% to 0.07% |
| 💻 Platforms | All | All | All | All |
| 💱 Trade Size | 0.01 – 10,000 lots | 0.01 – 10,000 lots | 0.01 – 10,000 lots | 0.01 – 10,000 lots |
| 📈 Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
| 💳 Minimum Deposit | 4,100 COP ($1) | 4,100 COP ($1) | 4,100 COP ($1) | 4,100 COP ($1) |
| 👉 Open Account | Click Here | Click Here | Click Here | Click Here |
Insta.Standard Account
The Insta.Standard account is ideal for individuals who appreciate a straightforward and uncomplicated approach. Commission fees are not applicable, and the spreads usually fall between 3 to 7 pips.
This transparent pricing structure is perfect for traders who value clarity and want to know their costs upfront, with no surprises or hidden fees.
The accessibility of the Insta.Standard account is truly remarkable. Starting with a minimum deposit of only 4,100 COP (approximately $1), traders of any experience level can easily begin their journey.
The account also provides considerable flexibility with leverage up to 1:1000, enabling you to enhance your potential profits (although it’s crucial to keep in mind that leverage can also amplify your potential losses).
In addition, you can trade anywhere from 0.01 to 10,000 lots, allowing you to adapt your strategies as you gain more experience.
Insta.Eurica Account
If you prefer a commission-based model, the Insta.Eurica account is worth considering for traders like you. This account ensures that no additional spread is applied to the opening price of a trade. Instead, a commission is charged based on your trading volume, ranging from 0.03% to 0.07%.
If you strongly believe in your ability to forecast market trends and want to keep your trading expenses to a minimum, we believe this can be a financially savvy choice.
Just like the Insta.Standard account, the Insta.Eurica account has a minimum deposit requirement of 4,100 COP (approximately $1) and provides leverage of up to 1:1000.
We found that Colombian traders could enjoy the freedom to choose from various trade sizes, ranging from 0.01 to 10,000 lots.
This account, like the Insta.Standard Account is accessible on all InstaForex platforms and markets, providing a seamless trading experience no matter which device or asset class you prefer.
Cent.Standard Account
The Cent.Standard account is specifically tailored to cater to those new to the finance world. Trading in cents instead of dollars can significantly reduce your risk exposure as you familiarize yourself with the basics of forex trading.
This account has no commission fees, so you only need to cover the spread, usually between 3 to 7 pips.
The Cent.Standard account is designed to be highly accessible to new traders, with a minimum deposit of just 4,100 COP (about $1). High leverage of up to 1:1000 allows you to trade with lot sizes ranging from 0.01 to 10,000.
Cent.Eurica Account
Similar to the Standard account, the Cent.Eurica account is designed for novice traders who prefer a commission-based structure.
With commissions ranging from 0.03% to 0.07%, this account provides a clear and straightforward method to comprehend your trading costs, eliminating spreads in the process.
Just like the other InstaForex accounts, we found that the Cent.Eurica account has a minimum deposit of 4,100 COP (approximately $1) and provides leverage up to 1:1000. It also offers the convenience of flexible trade sizes, ranging from 0.01 to 10,000 lots.
Islamic Account
While examining InstaForex, we came across an intriguing feature that caters to the specific requirements of traders in Colombia – the Islamic account.
According to our research, this account type is a practical solution for individuals who follow Islamic finance principles rather than just being a symbolic gesture towards religious practices.
Colombian traders can participate in the forex market without any interest charges, thanks to the Islamic account option that adheres to Sharia law.
This is accomplished by substituting overnight swap fees with a fixed commission, creating a trading environment that adheres to Islamic principles. We were impressed that this account maintains a high level of trading features.
Regardless of whether you opt for the spread-based Insta.Standard or the commission-based Insta.Eurica, we found that the Islamic account provides identical market access, leverage, and execution speeds as their conventional counterparts.
Demo Account
InstaForex offers a demo account that has benefited us as Colombian traders. It allows Colombians to practice and improve their skills without risking any capital.
According to our findings, the demo account mirrors the real trading world, allowing you to fully engage with the market and execute trades without concern for financial setbacks.
We found that this is particularly beneficial for both novice Colombian traders who are just starting out and seasoned ones who are experimenting with new strategies.
Furthermore, we also discovered that InstaForex offers a generous virtual balance that is typically substantial, enabling you to participate in realistic trading scenarios.
Using this virtual capital, traders can easily engage with the market, gain insights into its volatility, and hone their trading skills in real-time.
Finally, another benefit we found is that Colombian traders can use the InstaForex demo account for an extended duration, allowing them time to grasp the intricacies of trading dynamics.
The minimum deposit for an Insta.Standard account is 4,100 COP (roughly $1), making it available to all traders.
No, Insta.Standard accounts do not charge commissions; just the spread applies.
InstaForex Account Registration
Colombians who want to start trading using an InstaForex account can follow these steps to get started:
Step 1 – Go to the InstaForex website.
Visit the official InstaForex website. Look for the “Open Account” option or banner on the webpage to start the account creation process.
Step 2 – Choose an account type.
You can choose from various account kinds, including demo and actual accounts. Choose the “Real Account” option to open a live trading account.
Step 3 – Fill out the form.
Provide your personal information and ensure all details are correct and up-to-date to ensure a seamless registration procedure.
InstaForex accepts numerous account currencies, including USD, EUR, and GBP.
InstaForex offers four account types: Cent.Standard, Cent.Eurica, Insta.Standard, and Insta.Eurica. Choose the account type that matches your trading style and skill level.
Step 3 – Accept the terms and conditions.
After completing the required information, finish the application by accepting the terms and conditions and consenting to the broker’s policies.
Step 4 – Upload a copy of your ID and proof of residency.
To ensure compliance with regulatory norms, InstaForex demands identification verification. Upload copies of your government-issued ID (such as a passport or driver’s license) and proof of residency (such as a utility bill or bank statement).
Step 5 – Verify your account and download the platform of your choice.
To begin trading, you must verify your account and deposit funds.
Download the MetaTrader 4, MetaTrader 5, or any of InstaForex’s trading platforms from the InstaForex website. Install the platform on your chosen device and log in with the account number and password provided by InstaForex.
After funding your account, you can begin trading by selecting your preferred financial instruments from various alternatives, including FX, stocks, indices, precious metals, energy, commodities futures, and cryptocurrencies.
InstaForex’s initial registration requires the trader’s name, email address, phone number, and country of residence (Colombia).
Colombian traders must submit proof of identity (such as a passport) and address (such as a utility bill) for account verification.
InstaForex vs IC Markets vs HFM – Broker Comparison
| InstaForex | IC Markets | HFM | |
| ⚖️ Regulation | FCA, BVI FSC, CySEC, FSA SVG | ASIC, CySEC, FSA, SCB | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions |
| 📱 Trading Platform | MetaTrader 4 MetaTrader 5 WebIFX InstaForex Multi-Terminal InstaForex WebTrader InstaTick Trader InstaForex MobileTrader | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 HFM App |
| 💰 Withdrawal Fee | Yes | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 4,100 COP ($1) | 805,000 COP ($200) | 0 COP ($0) |
| 📈 Leverage | 1:1000 | 1:1000 | 1:2000 |
| 📊 Spread | 0.0 pips | From 0.0 pips | 0.0 pips |
| 💰 Commissions | 0.03% to 0.07% | From $3 to $3.5 | $6 per round turn |
| ✴️ Margin Call/Stop-Out | 30%/10% | 100%/50% | 50%/20% |
| ✴️ Order Execution | Instant | Market | Market |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | Insta.Standard Trading Account Insta.Eurica Trading Account Cent.Standard Trading Account Cent.Eurica Trading Account | cTrader Account Raw Spread Account Standard Account | Cent Account Premium Account Zero Account Pro Account Pro Plus Account |
| ⚖️ Colombia SFC Regulation | No | No | No |
| 💳 COP Deposits | No | No | No |
| 📊 COP Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 3 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| ➖ Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ➕ Maximum Trade Size | 100 lots | Unlimited | 500 lots |
| ⏳ Minimum Withdrawal Time | Instant | Instant | 10 Minutes |
| ⏰ Maximum Estimated Withdrawal Time | Up to 6 working days | Up to 14 business days | 10 business days |
| 💳 Instant Deposits and Instant Withdrawals? | Yes | Yes, on PayPal, Neteller, and Skrill | No |
| 👉 Open an account | Click Here | Click Here | Click Here |
Trading Platforms
InstaForex’s proprietary trading platforms are extremely popular and have won their fair share of awards. In addition to this, InstaForex also offers Colombians access to MetaTrader 4 and 5, along with various other trading tools. Let’s take a look at each in the sections below.
InstaForex Multi-Terminal
Managing multiple trading accounts becomes much easier with the Multi-Terminal, which has become an essential tool for many traders and can be for those in Colombia.
Our research shows that it efficiently optimises the management of trades across multiple accounts, making monitoring and executing orders easier while offering essential risk management tools that are particularly important in the frequently unpredictable Colombian market.
With real-time margin monitoring and customizable alerts, Colombian traders have the tools to stay on top of their risk exposure and make informed trading decisions.
In addition, the platform provides a thorough summary of account balances, trading history, and open positions for all managed accounts, creating a centralised hub for streamlined portfolio management.
InstaForex WebTrader
The WebTrader platform offers unparalleled convenience and accessibility. By logging in from any device with internet access, Colombian traders can easily access a comprehensive range of trading tools without the need for downloads or installations.
We found that the integrated economic news feed can be invaluable for staying informed about global events and how they may affect the Colombian peso.
The InstaForex platform also offers a comprehensive charting package that includes drawing tools and a variety of technical indicators. This allows for in-depth technical analysis directly within the platform, eliminating the need for external charting software.
InstaTick Trader
Traders who prefer fast-paced trading strategies like scalping will find that the InstaTick Trader could be an exceptional platform. The interface is designed to be user-friendly, and the trading features allow for quick and efficient order execution.
This is especially important in the Colombian peso market, where prices change rapidly. The “Depth of Market” tool will prove incredibly valuable in our experience.
It gives traders real-time insights into market liquidity, allowing them to assess buying and selling interest at different price levels. We believe that Colombians can make more informed decisions with this valuable information.
InstaForex MobileTrader
Experience the full power of trading on smartphones and tablets with the MobileTrader. The interface is designed to be easy to use and provides a seamless experience across different devices.
We believe it’s crucial to have access to real-time market data, customizable watchlists, and instant trade execution.
This allows traders to respond to market fluctuations, regardless of location, quickly. In addition, the platform provides various educational resources that could help traders navigate the Colombian market.
Furthermore, these resources include video tutorials and webinars, valuable tools for traders of all levels who want to improve their skills and expand their knowledge.
MetaTrader 4
Colombian traders have widely embraced MT4 due to its numerous advantages. With its wide range of technical indicators, drawing tools, and charting capabilities, this platform offers a complete set of tools for conducting thorough technical analysis.
These tools are essential for successfully navigating the intricate world of the forex market.
With the “Expert Advisors” feature, traders can automate their trading strategies and take advantage of market opportunities, even when they’re not constantly watching the charts.
With the MQL4 programming language, you can customise and develop your indicators and scripts, giving you even more flexibility in your trading strategy.
MetaTrader 5
MT5, an upgrade to MT4, provides a variety of improved features that we have found to be highly valuable. Colombians can execute trades according to their unique strategies with various order types available, such as pending and stop-limit orders.
This allows traders to customise their entries and exits to maximise their potential gains. With the platform’s enhanced backtesting capabilities, traders can now thoroughly assess trading strategies by analysing historical data.
We believe this will greatly contribute to fine-tuning Colombian traders’ approaches. Staying updated with the “Economic Calendar” allows traders to stay informed about upcoming economic events that are important for the Colombian peso.
Furthermore, this helps traders be proactive and ready for potential market fluctuations. In addition, the MQL5 marketplace on MT5 provides a wide range of trading robots and technical indicators created by fellow traders, which can greatly enhance traders’ collection of tools.
WebIFX
WebIFX offers convenient market access through a web browser, just like the WebTrader. The platform’s user-friendly interface and comprehensive trading tools cater to novice traders and those seeking a more straightforward trading experience.
WebIFX’s seamless integration with InstaForex’s “PAMM” (Percentage Allocation Management Module) system stands out.
We found that this exceptional feature will let Colombians invest in the strategies of accomplished traders, providing a potential source of passive income and a valuable opportunity to gain insights from experienced professionals.
InstaForex provides many trading platforms, including MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, and InstaForex MobileTrader.
Yes, the MetaTrader 4 and MetaTrader 5 platforms offered by InstaForex support automated trading methods via Expert Advisors.
InstaForex Range of Markets
InstaForex offers Colombian traders the perfect environment to trade various markets, allowing them to use various strategies and diversify their investment portfolios. Here’s an overview of what you can trade and the maximum leverage on each asset class.
| 💱 Instrument | 💹 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 110 | 1:1000 |
| Shares | 83 | – |
| Indices | 15 | 1:100 |
| Precious Metals | 4 | 1:100 |
| Energies | 17 | 1:100 |
| Commodity Futures | 53 | 1:100 |
| Cryptocurrencies | 12 | Variable |
| InstaFutures | 2 | – |
Leverage and Margin
Upon examining InstaForex’s website and client agreement, we were struck by the impressive leverage options they provide for Colombian traders. Traders can select from various leverage options, offering them flexibility up to 1:1000.
With just $1 in your trading account, you have the power to control up to $1000 worth of currency in the forex market. It is important to highlight that InstaForex has a margin call level of 30% and a stop-out level of 15%.
If your account equity drops below these levels, your positions may be automatically closed to avoid additional losses. Therefore, we urge Colombian traders to understand the risks associated with leveraged products clearly and to exercise responsible use of leverage.
InstaForex offers Colombian traders numerous opportunities to maximize their potential returns. However, in our experience, exercising caution and practicing effective risk management is crucial.
InstaForex provides Colombian traders with a wide selection of trading instruments, including currency pairs, stocks, indices, precious metals, energy, commodities futures, and cryptocurrencies.
InstaForex provides 110 forex currency pairs, including major, minor, and exotic pairings, allowing a wide range of trading methods.
InstaForex Fees
InstaForex has a straightforward and competitive trading and non-trading fee schedule. Let’s explore each fee category to see what Colombians can expect from InstaForex.
Spreads
Our extensive experience with InstaForex has found that their spreads for major currency pairs, such as EUR/USD, are highly competitive, particularly when trading on a standard account.
We found that spreads can sometimes be as low as 3 pips on the Standard accounts, a favourable option for traders who want to steer clear of commissions.
Alternatively, their Eurica accounts could be a more suitable option for high-volume traders, offering spreads starting at 0 pips alongside a fixed commission.
Commissions
If you aim for the tightest possible spreads, commission-based accounts can be an alternative to the usual spread cost.
For example, InstaForex’s Eurica accounts provide direct interbank spreads and impose a nominal commission for each trade, between 0.03% – 0.07%.
Overnight Fees
When holding positions overnight, it’s important to consider swap rates, also known as rollover fees. It is important to regularly monitor InstaForex’s rates as they can vary based on the specific instrument and market conditions.
Deposit and Withdrawal Fees
InstaForex typically does not impose any deposit fees, which is definitely a positive aspect. Withdrawal fees could be charged and might differ according to your chosen method.
Inactivity Fees
Like other brokers, InstaForex imposes an inactivity fee if your account remains inactive for an extended period. InstaForex applies an inactivity fee of 5 USD after three months of inactivity, which could impact the profitability of traders.
Currency Conversion Fees
If you decide to open an account with InstaForex, it’s important to keep in mind that there may be currency conversion fees involved if the currency you deposit or withdraw doesn’t align with your account currency.
Opting for an account in your preferred currency is generally advisable to minimize fees, as the fees can differ.
Most InstaForex accounts are commission-free. However, Insta.Eurica and Cent.Eurica accounts charge charges ranging from 0.03% to 0.07% of trading volume.
Typical spreads for popular currency pairs on InstaForex begin at 0.0 pips on the Eurica accounts and can widen during periods of low liquidity.
InstaForex Deposits and Withdrawals
| 💳 Payment Method | 🌎 Country | 💹 Currencies Accepted | 📚 Processing Time |
| Credit/Debit Card | All | Multi-currency | 24 hours |
| Bank Wire | All | Multi-currency | 2 – 4 days |
| Skrill | All | Multi-currency | 24 hours |
| Neteller | All | Multi-currency | Instant |
| PayCo | All | Multi-currency | Instant |
| AstroPay | All | Multi-currency | 24 hours |
| Cryptocurrency | All | BTC, LTC, USDT, ETH | 3 hours |
| Local Nigerian Transfers | Nigeria | NGN | 1 -2 days |
| Local Ghana Transfers | Ghana | UGX | 1 -2 days |
InstaForex Deposits
How to Deposit using Bank Wire Step by Step
- Log into your InstaForex account, then go to the ‘Finance’ area and choose ‘Deposit via Bank Wire.’
- Complete the deposit form with the banking information and the amount you want to deposit.
- Review the bank wire details provided by InstaForex and use them to initiate a transfer from your bank.
- Keep your bank’s receipt or transaction ID in case you need to present proof of transfer.
- The funds will reflect in your trading account within 2 to 4 days after the bank processes the transaction.
How to Deposit using Credit or Debit Card Step by Step
- Access your InstaForex client area’s ‘Deposit’ section and select the credit/debit card option.
- Enter your card information, including the card number, expiration date, CVV code, and deposit amount.
- Once you’ve confirmed the transaction, your card issuer may redirect you to a secure portal for further verification.
- Once validated and accepted, the deposit will be processed and should be available in your trading account within 24 hours.
How to Deposit using Cryptocurrency Step by Step
- Select your preferred cryptocurrency (BTC, LTC, USDT, or ETH) in your InstaForex account’s’ Deposit’ section.
- Enter the deposit amount, and InstaForex will give you a unique wallet address for the transfer.
- Enter the InstaForex wallet address to your personal cryptocurrency wallet, and send the funds.
- The deposit will be converted into your account’s base currency using the current exchange rate and credited within 3 hours.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Select an e-wallet or payment gateway provider (Skrill, Neteller, PayCo, AstroPay) from the deposit options in your InstaForex account.
- Enter the amount you want to deposit, and you’ll be taken to the e-wallet or payment gateway’s website.
- Log into your e-Wallet or payment gateway account and confirm the payment information.
- Approve the transaction, and the funds will be instantaneously credited to your InstaForex account, except AstroPay, which may take up to 24 hours.
InstaForex Withdrawals
How to Withdraw using Bank Wire Step by Step
- Click ‘Withdrawal’ and ‘Bank Wire’ in your InstaForex client area.
- Complete the withdrawal form with your banking information and the amount you wish to withdraw.
- Confirm the withdrawal details and submit your request.
- The funds will be transferred to your bank account within two to four business days.
How to Withdraw using Credit or Debit Cards Step by Step
- Go to the ‘Withdrawals’ area and select the credit/debit card withdrawal option.
- Complete the appropriate sections with your card information and withdrawal amount.
- Submit your withdrawal request, which will be processed and paid back to your card within 24 hours.
How to Withdraw using Cryptocurrency Step by Step
- Choose the ‘Cryptocurrency’ withdrawal option from your InstaForex account’s ‘Withdrawal’ section.
- Select the cryptocurrency to withdraw to and enter your external wallet address.
- Enter the withdrawal amount and then confirm the transaction.
- The cryptocurrency will be delivered to your designated wallet within 3 hours.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Go to the ‘Withdrawal’ section and choose your e-wallet or payment method (Skrill, Neteller, PayCo, AstroPay).
- Provide the withdrawal amount and other details of the e-wallet or payment gateway requests.
- Confirm the withdrawal request. Funds are typically transmitted instantly, allowing you to access your money immediately.
Bank wire deposits usually take two to four days to process and reflect in the InstaForex trading account.
Yes, InstaForex accepts cryptocurrency deposits such as Bitcoin, Litecoin, USDT, and Ethereum, giving crypto-savvy traders more options.
Education and Research
| 📅 Economic Calendar | Yes |
| 🔥 VPS | Yes |
| 💹 AutoChartist | Yes |
| 🚀 Trading View | Yes |
| 📈 Trading Central | No |
| 📊 Market Analysis | Yes |
| 📰 News Feed | Yes |
| 🗞️ Blog | Yes |
| 📚 eBooks | No |
| 💻 Educational Videos | Yes |
| 📜 Platform Tutorials | Yes |
| 👥 Webinars | No |
| 📱 Seminars | No |
| 📞 Live Support | Yes |
In addition to these, InstaForex also offers the following:
- News in Pictures
- Trading Sessions
- Training
- Chief Strategist
- Analytical Reviews
- Forex Glossary
- FAQ
- Holiday Calendars
- InstaForex TV
- VPS
- Demo Account
Yes, InstaForex offers a comprehensive forex glossary to help Colombian traders comprehend and confidently apply trading terminology.
InstaForex’s economic calendar assists Colombian traders in staying on top of crucial economic events, allowing them to schedule their trades around major market movements.
Bonuses and Promotions
One area where InstaForex really impressed us is the range of promotions, competitions, and bonuses that traders can qualify for. Let’s explore each of these for Colombian traders.
1,000 USD No-Deposit Bonus
InstaForex warmly welcomes new clients by offering a generous $1,000 no-deposit bonus. It’s an excellent chance to delve into the platform’s features and trading conditions without putting your own capital at risk.
We urge Colombians to understand that this bonus is subject to certain trading volume requirements that must be fulfilled before any profits can be withdrawn.
Before starting, it is essential to examine the terms and conditions on InstaForex’s website carefully.
Colombian traders must consider the minimum trading volume and maximum withdrawal amount. Receiving this bonus can serve as a crucial foundation, but it’s important to have a comprehensive understanding of the terms and conditions involved.
Club Bonus
We found that the InstaForex Club Bonus was created to acknowledge and incentivise traders actively engaged in trading by offering them extra funds based on their trading volume.
The bonus has the potential to reach up to 40% of the deposit amount, contingent upon the account type you select and your trading activity.
By being credited automatically to your trading account, we found this bonus effectively boosts your margin and potential for profit.
This tool is extremely valuable for Colombians who are actively involved in frequent trading and looking to optimise their returns. For active traders, this bonus has the potential to greatly enhance your trading capabilities.
Miss InstaForex 2024
Miss InstaForex is a unique promotional event that brings together the realms of beauty pageants and forex trading. Although not every trader might find it appealing, it brings a distinctive and captivating aspect to the InstaForex community.
Traders have the exciting opportunity to vote for their preferred contestants and have the chance to win a range of fantastic prizes. In our experience, interacting with the community can be an enjoyable experience that also offers the possibility of earning rewards.
Free Devices
InstaForex’s loyalty program offers active Colombian traders the chance to earn complimentary devices like smartphones, tablets, and laptops as a token of appreciation.
Your eligibility is determined by the total trading volume accumulated within a specific timeframe. This program encourages regular trading and offers tangible rewards as a token of appreciation for your loyalty.
InstaForex Airplane
Our research shows that InstaForex is dedicated to rewarding high-volume traders by giving them an incredible opportunity to win a private jet through the InstaForex Airplane campaign.
The grand prize is handed out through a raffle, where participants can earn tickets based on their trading volume. This unique promotion highlights InstaForex’s recognition of its highly engaged traders.
100% bonus
InstaForex offers a generous 100% deposit bonus, doubling the initial deposit amount. This bonus gives Colombian traders enhanced leverage and opens up more trading opportunities.
This bonus is especially appealing to traders who have limited capital. It enables them to take larger positions and potentially increase their profits.
However, we urge Colombians to remember that higher leverage also comes with an increased risk of losses. Therefore, traders must approach this bonus with caution and prioritize risk management.
55% and 30% bonuses
InstaForex also provides a 55% bonus and a 30% welcome bonus in addition to the 100% bonus. These bonuses entice new clients and offer them extra funds to begin their trading journey.
Nevertheless, we found that bonuses are subject to certain terms and conditions, including a minimum deposit amount and trading volume requirements. Therefore, Colombians must examine these terms before taking advantage of these bonuses.
InstaForex Balloon
The InstaForex Balloon promotion brings an exciting element to the trading experience. There is a thrilling hot air balloon race where participants can win exciting prizes.
This exceptional event highlights InstaForex’s ingenuity in connecting with its clients and fostering camaraderie.
Grand Choice Contest by InstaForex
Participation in this contest is available to all InstaForex clients and requires trading on demo accounts. Participants strive to maximize their profitability within a designated period. Cash prizes are given to the top performers.
Participating in this contest allows traders to showcase their abilities in a safe and controlled setting, with the possibility of earning enticing rewards.
Real Scalping
If you enjoy making fast-paced trading decisions and thrive on the excitement of short-term market fluctuations, we believe that the Scalping Showdown might be the perfect arena for you. This competition requires strong determination, quick thinking, and unwavering composure.
However, a clearly defined strategy and adhering to it are important for achieving success in this intense competition.
Great Race
In contrast to the fast-paced Scalping Showdown, the Great Race is a true test of endurance. Having patience and maintaining a long-term perspective is crucial in this situation. Consistency and making well-informed decisions over extended periods are essential.
If you’re someone who appreciates the art of trading and finds joy in meticulously examining market trends and crafting long-term strategies, this contest presents an exciting opportunity for you to put your skills to the test and reap the rewards.
FX-1 Rally
With its unique focus on ending with the highest balance, the FX-1 Rally sets itself apart from other demo account contests.
This intriguing twist adds an element of excitement to the competition. It promotes a more deliberate and risk-aware mindset. Achieving success in this competition frequently hinges on finding the right balance between consistent growth and safeguarding capital.
Sniper
Our findings show that the Sniper contest is a real challenge for those with a keen market intuition.
Having a thorough grasp of the factors that impact currency pair prices and the skill to identify possible turning points is important, in our experience, along with attention to detail and thorough analysis.
Lucky Trader
Occasionally, those who take risks are rewarded. The Lucky Trader contest recognizes the impact of luck in trading. Although skill is undeniably vital, this competition acknowledges the significant impact that a stroke of luck can have.
Chancy Deposit
InstaForex’s Chancy Deposit promotion offers traders the opportunity to add a touch of excitement to their trading experience with a simple deposit. It can be an enjoyable way to begin with a fresh deposit, and who knows, you might just have some good fortune.
The Club Bonus provides up to 40% on every deposit for members of the InstaForex Club, increasing trading capital with leverage up to 1:1000.
The Grand Choice Contest has a $250,000 prize pool, allowing Colombian traders to compete and win significant prizes.
Affiliate Programs
Based on what we’ve learned about InstaForex thus far, we can see why many partner with this broker. Let’s get into the unique benefits and features that InstaForex can offer Colombians and how they can join.
Features
Our exploration of the InstaForex affiliate program has left us thoroughly impressed, particularly for individuals in Colombia who are eager to take advantage of the increasing fascination with forex trading.
The impressive commission structure provides significant earning potential with rates of up to $10-13.3 per lot traded or up to $2000 from a referred client’s initial deposit. This is especially attractive in the Colombian market, as there is a growing demand for additional sources of income.
One appealing feature of the program is its two-tier system, which enables users to earn commissions from direct referrals and their clients.
Building a network of sub-affiliates can greatly increase earning potential, making it a highly profitable opportunity for entrepreneurs in Colombia.
Moreover, we found that InstaForex’s commitment to covering brand production costs allows partners to concentrate on their marketing endeavors without incurring extra expenses.
In the diverse Colombian market, having a dedicated manager and tailored support in Spanish is a valuable asset that provides a personalized approach.
The flexibility offered, combined with a wide array of promotional materials, caters to the unique needs of individuals and improves communication.
According to our findings, Colombian traders can benefit from the affiliate program’s attractive incentives. In addition to commissions, they can enjoy monthly bonuses, swap commissions, and special bonuses for investment projects.
These incentives provide excellent opportunities for diversifying investment portfolios. The educational resources are valuable, ensuring that partners and their clients stay informed in the dynamic forex markets.
How to Register an Affiliate Account with InstaForex Step-by-Step
Step 1 – Click on the “Partners” link.
Start by going to the InstaForex website and looking for the “Partners” link, which is in the main menu between the “For Investors” and “Campaigns” options.
Step 2 – Read through the page.
Take your time exploring the “Main page” of the Partners area to obtain a sense of the program, including the potential benefits and obligations of being an InstaForex affiliate.
Step 3 – Click on the “Partner Area” and review the “Advantages for Affiliates” section.
Dive into the “Partner Area” to learn about the tools and resources available to InstaForex affiliates. This section is critical to understanding how you manage your account and track your progress.
Review the “Advantages for Affiliates” section to learn about InstaForex’s unique benefits, such as compensation rates, marketing tools, and support services. This information will assist you in assessing the possibilities of your affiliate business.
Step 4 – Go to the “Registration”
Read the “Registration” section to discover the steps and requirements for becoming an affiliate. To avoid any difficulties in your registration procedure, ensure you meet all the conditions first.
Once you’ve gathered the essential information and are ready to commit, click the large red “Register as partner” banner at the top, above the main navigation bar.
Step 5 – Fill out the form.
Complete the registration form with accurate and up-to-date information. This will usually include your personal information, contact information, and desired payment method for commission.
Agree to the Partnership Agreement by carefully reading it to ensure you understand the terms and circumstances of being an InstaForex affiliate.
Step 6 – Submit your application.
Submit your application and await confirmation from InstaForex. They might need further information or evidence to confirm your identity and eligibility for the affiliate program.
Once accepted, you will be given access to your affiliate account. Here, you can use marketing materials, tracking tools, and other resources to acquire clients and earn commissions.
Step 7 – Start advertising.
Take advantage of the personal manager allocated to you by InstaForex, who can help you set up your affiliate strategy, answer issues, and provide advice specific to the Colombian market.
Start advertising InstaForex to your Colombian network, utilizing the marketing tools and methods you acquired in the Partner Area. Highlight the features that Colombian traders value, such as local support, Spanish-language literature, and applicable payment systems.
Monitor your progress with the precise real-time information in your affiliate dashboard, which will help you fine-tune your methods and maximize your earning potential as an InstaForex affiliate.
InstaForex provides an affiliate dashboard that allows Colombian affiliates to track their referrals, commissions, and performance indicators in real-time.
InstaForex offers several promotional tools, such as banners, landing pages, and email templates, to assist affiliates in attracting and converting new customers.
Customer Support
| Customer Support | InstaForex Customer Support |
| ⏰ Operating Hours | 24/5 |
| 👥 Support Languages | Multilingual |
| 💬 Live Chat | Yes |
| 💻 Email Address | Yes |
| 📱 Telephonic Support | Yes |
| ✔️ The overall quality of InstaForex Support | 4/5 |
Response Time
| ✔️ Support Channel | ⏰ Average Response Time | 📱 User-based Response Time |
| Phone | 5 minutes | 2 – 3 minutes |
| 1 working day | It can be in less than 1 day | |
| Live Chat | 4 – 5 minutes | 3 minutes |
| Social Media | 15 – 20 minutes | 12 – 15 minutes |
| Affiliate | 48 hours | 24 – 30 hours |
Yes, InstaForex provides bilingual support, allowing Colombian traders to get help in their preferred language.
InstaForex’s email support is prompt, typically responding within one working day and resolving issues in less than a day.
Social Responsibility
InstaForex is proud of its role as a socially responsible company, knowing that its success should positively impact the larger community. A closer look at their actions reveals a genuine dedication to society’s improvement.
The “Social Responsibility” section can be found in the main menu after clicking “About InstaForex.”
InstaForex’s philanthropic activity is noteworthy, emphasizing vital sectors such as health care, emergency relief, educational opportunities, and orphan help.
As a key ally of Thinking Huts, InstaForex is working to remove educational hurdles for over 290 million children due to overcrowded classrooms, remote locations, or inadequate amenities.
InstaForex supports the Ronald McDonald House Charities in Malaysia, which helps many children having medical operations at USM Hospital in Kelantan.
Furthermore, we also found that the broker works with the Peduli Anak Foundation to provide better opportunities and vital care for impoverished and abandoned children worldwide.
In times of disaster, such as the terrible 2015 Nepal earthquake, InstaForex stepped up to help with relief efforts alongside groups like World Vision.
Their philanthropy efforts include supporting the Wikimedia Foundation, encouraging the open dissemination of knowledge, and assisting the Malaysian Red Crescent in its goal to assist victims of conflict and natural disasters.
Our research also indicates that InstaForex supports the work of SOS Children’s Villages, providing a supportive, family-like atmosphere for orphaned or separated children from their parents.
Collectively, these partnerships demonstrate InstaForex’s continuous dedication to promoting positive global change through philanthropic initiatives.
10 Best Forex Brokers in Colombia Rank Broker Review Regulators Min Deposit Official Site
Final Verdict
After thoroughly assessing InstaForex, it became evident that this broker provides a range of options for traders in Colombia.
One advantage is the wide selection of trading platforms available, including proprietary ones that offer unique features, such as the Multi-Terminal and InstaTick Trader, which can accommodate different trading styles.
We believe that traders who want to maximize their market exposure will find the generous leverage options, which can reach up to 1:1000, quite alluring.
In addition, we also found that a range of bonuses and promotions are available, such as a no-deposit bonus and the exclusive “InstaForex Airplane” campaign, which enhance the overall excitement and potential rewards.
Unfortunately, we found that InstaForex has some shortcomings. Firstly, Colombian traders might find it inconvenient that COP is unavailable as a base currency for accounts.
In addition, it’s worth noting that while spreads on major currency pairs are quite competitive, the spreads on minor and exotic pairs, such as those involving the Colombian peso, tend to be wider.
This wider spread can potentially have an impact on trading costs. In addition, the inactivity fee could discourage traders who do not regularly participate in the market.
Despite these drawbacks, InstaForex offers a compelling choice for Colombian traders looking for various platforms, generous leverage, and attractive bonuses.
However, we urge traders to thoroughly evaluate the possible downsides, like the lack of COP accounts and wider spreads on specific currency pairs, before they sign up for an account with InstaForex.
InstaForex User Comments and Reviews
- “When I trade with InstaForex, things go up and down. On the one hand, their choices for leverage let me go big, and I’ve won some money that way. Conversely, some policy changes that weren’t made clear have caught me off guard. You have to keep a close eye on their posts or you might miss something important.”
- “Many things are great about InstaForex, but their spreads on some small pairs could be better. Still, dealing with them is generally a good experience, and I like how clear they are about fees and commissions. I also like that there are many ways to enter and withdraw money.”
- “Their customer service is excellent, and their website is easy to use. I like that I can trade a lot of different things with them. It helps me keep my portfolio diversified. I’ve also had good experiences with their withdrawal process, which is something buyers always worry about.”
Our Recommendations on InstaForex
- Enhancing regulatory compliance with Colombian financial authorities would foster increased confidence among local traders. InstaForex has the potential to fulfill the criteria established by Colombia’s financial regulatory authority, the Superintendencia Financiera de Colombia, to provide traders with confidence in the security of their investments.
- Develop promotions and contests that deeply connect with the Colombian audience. One strategy could be to collaborate with influential figures in the community, support local events, or customize bonus offers to cater to the specific needs and interests of traders in Colombia.
- Introducing accounts in Colombian pesos (COP) can help Colombian traders avoid currency conversion fees and enjoy a more convenient trading experience. This would align with the local market’s preferences and make the deposit and withdrawal processes more efficient.
Pros and Cons
| ✅ Pros | ❌ Cons |
| There is an attractive affiliate program offered | The bonus terms can be extremely complex |
| The mobile trading platform options offer feature-rich experiences | The spreads on standard accounts are wide |
| There are several bonuses and competitions | There might be delays in customer support during peak times |
| Colombian traders can access Islamic and Demo accounts | There are no COP-denominated accounts, deposits, or withdrawals |
| Offers a range of trading platforms that have powerful tools and functions | InstaForex is not regulated in Colombia |
| There is a lucrative 1,000 USD no-deposit bonus offered | |
| Traders can get customer support in various languages | |
| Traders can start trading with an extremely low minimum deposit across account types |
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Frequently Asked Questions
How can Colombian traders benefit from VPS hosting with InstaForex?
VPS hosting can improve trade execution speed, minimize latency, and ensure continuous trading operations, particularly for automated trading techniques.
What distinguishes InstaTick Trader among Colombian traders who use fast trading strategies?
InstaTick Trader provides one-click trading for rapid execution and a “Depth of Market” function for real-time insights into market liquidity.
Are commission-based accounts available for Colombian traders at InstaForex?
Yes, Eurica accounts charge raw spreads from the interbank market with a low commission per trade (up to 0.07%), making them ideal for high-volume traders.
How does InstaForex's high leverage help Colombian traders?
Leverage up to 1:1000 increases potential returns, allowing traders to manage larger positions with less capital. However, traders must also understand the risks involved with this leverage ratio.
