Find out why InstaForex App is the best option when you want to trade like a pro directly from your mobile. From expert analysis to advanced charting, here's the review.
Nowadays, forex traders need a mobile app that's simple to use and can be accessed anywhere. One example is an app from InstaForex broker, InstaForex App.
The InstaForex mobile App is easy to use because it has a simple design. Also, it offers many features that will make your trading like a professional but using just smartphones.
These features include expert analysis, trading signals, charts from Tradingview, a forex calendar, and tutorials for beginners.
InstaForex App at A Glance
If you have an InstaForex account and want to trade using your phone, the this trading app is a great choice. With this app, you can trade directly on your MT4 or MT5 account, whether a demo or a real one, without needing to download MetaTrader 4 or 5. It also comes with many charts, indicators, and tools because it uses the Tradingview chart system.
Not only that, but the app supports 14 languages, including English, Russian, Ukrainian, Indonesian, Malay, Czech, Slovenian, Polish, Hungarian, Italian, Spanish, Portuguese, and Hindi.
The InstaForex App has been downloaded over a million times on the Play Store and has a 4.4/5.0 rating from 13.8k user reviews.
iPhone users can also find this app on the App Store.
InstaForex App details:
📁Account types | MT4 and MT5 |
Trading instruments | forex, stocks, crypto, metals, energy, indices, futures |
🔍Analytical features: | forex news, fundamental and technical analysis from professional analysts, forex calendar |
📊Chart type: | bars, candles, hollow candles, heikin ashi, high-low, line, area, baseline |
| ⏳Pending orders | buy limit, sell limit, buy stop, sell stop |
| 📈Total indicators | more than 100 indicators |
| 🕒Time frame | M1, M5, M15, M30, H1, H4, D1, W1, MN |
| ⚖Leverage | up to 1:1000 |
| 💠Minimum system requirements | Android 6.0 and up, or iOS 12.0 or later |
⏬Download size | 52 MB (Android), 89.1 MB (iOS) |
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
InstaForex App Features to Trade Like a Pro
The InstaForex mobile app has 5 key features that make your trading experience feel professional. Let's go through a detailed explanation of each of these features:
1. Ideas
Ideas are like a hub of expert analyses, forecasts, trading plans, and news provided by InstaForex broker, both in technical and fundamental. It's divided into 5 sub-sections: hot, analytics, review for beginners, forex news, and forex TV.
Hot
Hot Ideas is where you find analyses that are trending or viewed a lot. These analyses are explained in a way that's detailed but easy for beginners to understand.
It's not just about forex; it also covers gold (XAU/USD), stocks, and cryptocurrencies. This helps traders get a clear picture of what's happening and what prices might do in the future.
Analytics
In Analytics, you'll find the complete list of expert analyses on things like forex, gold, stocks, and cryptocurrencies—breaking down both fundamental and technical details.
You also get InstaForex forecasts and trading plans for big currency pairs like EUR/USD, USD/JPY, GBP/USD, and more. And if you're into video analyses, there are forex analysis videos and market updates to make your trading decisions smarter.
Review for Beginners
In the Review for Beginner, you can check out predictions for how currency pairs might move. These InstaForex forecasts come with handy trading tips related to the current prices.
Also, there's a useful trading plan to figure out when to get into the market. This plan considers both technical and fundamental aspects, especially paying attention to news releases during the New York or London sessions.
Forex News
Forex News shares the latest economic updates such as NFP and other important releases. It also tells you about the highest or lowest prices at a certain time, like when the USD/JPY hits its lowest point in the last 3 months.
Forex TV
Forex TV from InstaForex gives you quick and straightforward analyses, forecasts, and popular market updates. If you prefer getting analysis through videos, Forex TV is a great option.
2. Trades
The Trades section in the InstaForex App shows your current open positions, pending orders, and closed trades. Now, you don't have to open the MetaTrader platforms on your desktop to keep an eye on your positions.
Plus, you can organize your open positions, pending orders, and trade history by periods like today, yesterday, last week, or last month.
3. Watchlist
The Watchlist feature presents several sub-tabs such as favorite, popular, forex, stocks, crypto, metals, energy, indices, and futures. To view a chart, you simply click on the asset you're interested in.
The Favorite tab stores a list of trading assets you like in InstaForex. Adding assets in this tab is easy — just hold down on the asset you want for a few seconds until two options appear, then choose "add to favorites." This way, you can quickly access price charts of your preferred assets without having to scroll down too far.
Meanwhile, the Popular section shows what assets are trending or used a lot by traders in the app. Examples include EURUSD, GBPUSD, Gold, CL, BTCUSD, and more.
Other tabs labeled as instrument names contain the following assets:
- Forex: over 100 major, cross, and exotic pairs.
- Stocks: over 80 US stocks from different business sectors, like Apple (AAPL), Amazon (AMZN), Google (GOOG), and others.
- Crypto: 12 cryptocurrencies in spot and 12 in futures contracts.
- Metals: gold (XAUUSD) and silver.
- Energy: 22 energy assets such as crude light sweet oil (CL) and natural gas (NG).
- Indices: 15 stock indices from different countries like FTSE, SPX, NDX, and more.
- Futures: 19 types of futures including lean hog futures (HEG24), soybean futures (ZLH24), and others.
4. Services
This cool feature from InstaForex will give your trading a pro touch. It has 4 sub-tabs: forex calendar, signals, patterns, and training.
Forex Calendar
The forex calendar shows economic news from over 70 countries. The news is color-coded to show low (green), medium (orange), and high (red) impact levels. InstaForex also allows you to pick the countries and impact levels you want to see.
Signals
Signals point out trading opportunities in all assets. They are generated based on candlestick patterns and key levels in the real-time market. Just like the calendar, you can filter signals by asset to focus on what you're interested in.
Patterns
Patterns show trading outlooks based on chart patterns in different time frames. InstaForex divides the strength of these opportunities into three levels: low (green), medium (orange), and high (red). You can filter by instrument, chart pattern, time frame, trend, and strength to see patterns that are compatible with your strategy.
Training
In the Training section, you'll find easy-to-understand educational content in texts and videos. It covers everything from basics to technical and fundamental analysis. If you want to dive deeper, there are InstaForex Course options available. This feature basically signifies how InstaForex welcomes and nurtures novice traders through their mobile app.
5. Advanced Charting and Trading
The chart quality here is top-notch thanks to support from TradingView. You get to choose from 8 types of charts, aside from the usual candlestick and line ones. Options include bars, hollow candles, Heikin Ashi, high-low, area, and baseline.
To analyze like a pro, you can make the screen full by clicking the "full screen" icon. In full-screen mode, there are lots of drawing tools, and you can even add emojis to the chart. Plus, you have access to over 170 indicators, way more than what you get with MetaTrader 4 and MetaTrader 5 on desktop.
When it comes to execution, it's super easy. InstaForex makes the button to input lot sizes simplified with a multiplier on the right. Setting stop-loss (SL) and take-profit (TP) is a breeze – just hit the SL/TP button at the bottom left.
And if you want to use a pending order, just click the "stopwatch" icon in the middle at the bottom, and you can easily set the desired price.
What They Say About InstaForex App
The InstaForex App review from the user points out two main things: how it looks and identity verification.
People using the app like that it's easy to use with a simple design. The black text on a white background looks nice, and the important buttons are in blue and red. Also, many traders praise the drawing tools for technical analysis even though they still lack personalization.
On the other hand, some users have a problem with the verification process. They say it often doesn't work even after trying multiple times. Users hope Instaforex can fix this issue soon.
Final Words
The InstaForex app has many features and services to help you trade like a pro. The "Ideas" feature combines expert analyses, forecasts, and trading plans, giving you a full view of different financial stuff. Keeping an eye on your money is easy with the "Trades" section that shows real-time updates, and you don't even need a big computer.
Meanwhile, the "Watchlist" lets you organize things you like, and the "Services" part has important tools like a calendar, signals, and things to learn.
Teaming up with TradingView for fancy charts, InstaForex has all sorts of charts, tools, and over 170 indicators to help you analyze better on-the-go. People who use it like how simple it is and the charts. Whether you're just starting or already know a lot, this app has what you need to trade like a pro.
InstaForex has been operating since 2007. With more than 15 years of experience, this broker provides access to over 300 trading instruments, complete trading packages that support all levels of traders, and various types of bonuses and trading contests.
11 Comments
Jan 19 2024
Being new to trading, I invest a significant amount of time researching to find the right app and broker that aligns with my requirements. An essential factor for me is the presence of comprehensive educational resources within the trading platform, covering various formats like videos, webinars, analyses, and more. These resources are crucial in assisting beginners, such as myself, in developing and refining our trading skills.
Now, I've come across the InstaForex App, which reportedly offers tutorials. I'm curious, is it necessary to complete the verification process first to access the tutorials, or are they freely available? I sincerely appreciate your response to this question, and I'm eagerly looking forward to learning about the educational opportunities provided by the InstaForex app.
Thank you so much for your answer!
Jan 23 2024
Regarding InstaForex, it's important to note that access to educational materials might not necessarily be contingent on completing the verification process. Many brokers offer educational content freely accessible to all users, whether verified or not. Typically, such materials are available in the education or learning section of the trading platform.
To find out whether you need to complete the verification process to access tutorials on the InstaForex app, I recommend checking their official website or contacting their customer support. Brokerages may update their features and policies, so it's essential to get the most accurate and up-to-date information from the official source.
In addition to educational resources provided by the broker, consider exploring external educational materials, books, and online courses to enhance your understanding of trading concepts and strategies. Continuous learning is key to success in the dynamic world of financial markets.
Jan 19 2024
I'm highly impressed with the app – it boasts some fantastic features and the convenience of starting trading directly from the app is a major advantage for me.
However, before taking the plunge, I want to quickly compare the bonuses provided by InstaForex with those from my current broker. Currently, my existing account offers a modest 20% welcome bonus based on my deposit.
I'm curious to find out if Instaforex offers any appealing bonuses, perhaps a welcome bonus or a deposit bonus.
Additionally, I'm interested in whether they have a referral bonus program. The idea has crossed my mind that if the bonuses live up to their reputation, I might consider recommending it to my friends. After all, who wouldn't want to earn some extra cash? It seems like a mutually beneficial situation, hehehe.
Jan 24 2024
InstaForex has been known to offer various bonuses and promotions to its clients. However, it's important to note that the specific bonus programs and their terms can change over time, so it's crucial to check the latest information on InstaForex's official website or contact their customer support for the most accurate details.
InstaForex had a variety of bonus programs, including a welcome bonus for new clients. The welcome bonus percentage can vary, and it often depends on the amount of the initial deposit. Additionally, they have been known to offer other bonuses and promotions periodically.
As for a referral bonus program, brokers often provide such incentives for clients who refer new traders. If InstaForex has a referral program, it could be a way for you to earn extra rewards by recommending the platform to your friends. Again, for the latest and most accurate information on bonuses and referral programs, it's recommended to check directly with InstaForex.
Jan 19 2024
Greetings, everyone. I'm a novice trader who engaged in trading three years ago but had to pause due to a margin call on my account. Recently, I've resumed trading for a few weeks because many of my friends recommended it, particularly through InstaForex.
However, there's a challenge as my primary job keeps me away from trading in front of a laptop constantly. Therefore, I believe it would be more convenient to utilize a mobile app.
For those who have experience with this app, is it effective to trade solely through a mobile device? Does the execution quality match that of a laptop? Appreciate your insights!
Jan 21 2024
Hello! Trading through a mobile app can be a convenient option for individuals with busy schedules, allowing them to manage their trades on the go. However, there are a few considerations to keep in mind:
While mobile trading can be effective, it might not replace the comprehensive features of a desktop platform. Many traders use a combination of both, depending on their circumstances. Before relying solely on a mobile app, it's advisable to test it with smaller trades to ensure it meets your expectations.
Nov 30 -0001
Jan 20 2024
Hi there! I've been using Instaforex for over two years now, primarily on my laptop. I usually steer clear of mobile trading due to its less-than-smooth experience compared to the PC version. The small screen makes analyzing price changes challenging, and zooming in can result in missing the bigger picture. There's also the constant risk of clicking the wrong button.
However, after going through this article, I'm tempted to experiment with the Instaforex app. I'm particularly keen on understanding more about the order execution system, given that I'm the type of trader who likes to capitalize swiftly on market opportunities.
Furthermore, I enjoy trying out various order types and strategies to keep things interesting. Would this app be suitable for my trading preferences?
Jan 24 2024
The suitability of the InstaForex app for your trading preferences depends on various factors, including the app's features, order execution capabilities, and your own comfort level with mobile trading. Here are some aspects to consider:
Order Execution Speed: The app's order execution speed is crucial for traders who want to capitalize swiftly on market opportunities. Mobile apps are designed to provide fast and efficient order execution, but it's essential to test it with your preferred trading strategies to ensure it meets your expectations.
Order Types: If you enjoy experimenting with various order types and strategies, make sure the InstaForex app supports the specific order types you commonly use. Limit orders, stop orders, and other advanced order types are essential for a versatile trading experience.
User Interface: Assess the user interface of the app to ensure it's intuitive and user-friendly. A well-designed interface can significantly impact your ability to navigate the app, place orders, and manage your trades efficiently.
Charting and Analysis: Check the charting and analysis tools available on the app. For a trader who likes to analyze price changes and use various strategies, having comprehensive charting tools is crucial. Ensure the app provides the necessary features for your technical analysis needs.
Reliability: The stability and reliability of the app are paramount. A reliable app ensures that you can execute orders without interruptions or delays. Look for reviews and feedback from other users to gauge the app's performance.
Feb 20 2024
The content of the article has genuinely caught my attention, and I'm enthusiastic about delving deeper into it. To ensure my comprehension and build confidence, I plan to personally try out the Instaforex app. Having a firsthand experience will provide a more concrete understanding.
The query is, does the Instaforex app offer a demo account for practicing trading?
Furthermore, I'm interested in the potential extra perks that may come with selecting this broker. I've heard about no-deposit bonus programs and am curious if it is still active. If so, I'd like to investigate how the bonus program functions and what additional advantages it may bring to the table.
Jan 22 2024
InstaForex did offer a demo account for users to practice trading. A demo account is a great way to familiarize yourself with the platform, test your trading strategies, and get a feel for the market without risking real money.
Regarding the no-deposit bonus program, brokers occasionally provide such promotions to attract new clients. However, it's important to note that bonus programs, including no-deposit bonuses, often come with terms and conditions that you should thoroughly understand before participating. These conditions may include trading volume requirements and withdrawal restrictions.
To check the current status of InstaForex's demo account availability and bonus programs, I recommend visiting their official website or contacting their customer support directly. Brokerages can update their offerings and promotions, so it's crucial to get the latest information from the official source.
When exploring a broker, consider other aspects beyond just bonuses, such as the reliability of the platform, customer service, fees, available markets, and the overall reputation of the broker in the trading community. Always exercise caution and thoroughly research any broker before opening an account or participating in bonus programs.