InstaForex is always known for its various extra features, where PAMM account, WebTrader, and ForexCopy are the best 3 among them. How so?
InstaForex is a renowned brokerage that has been around since 2007. This broker has plenty of followers all around the globe. There is a good reason why this broker manages to gain loyal followers, one of which is its abundant benefits for clients. For example, this broker provides analytics features that include daily forex market reviews, trading plans, video analytics, and many more.
Aside from helpful analytics, there are three InstaForex main features that make it as the broker's top services. Those are the PAMM account, ForexCopy, and Webtrader platforms. What are the benefits of each feature?
PAMM stands for Percentage Allocation Money Management. This type of account allows investors to allocate funds managed by qualified professionals. The professionals will then manage the funds and brings profit for the investors in exchange for performance fees. Many people might argue that a PAMM account is the ideal solution for busy investors.
In InstaForex PAMM, clients can register with the broker and apply as investors or PAMM traders. If they apply as investors, they seek people to manage their funds. On the other hand, PAMM traders are the ones managing the funds. To become an investor, a trader should first register their trading account. Next, they should choose their desired PAMM account. Once they're done, they can invest and monitor the results through the client area.
Meanwhile, to become a PAMM trader, the client should register their account through InstaForex PAMM system. Next, enter the details of the project and set commission parameters.
In addition to becoming a trader and investor, traders can also apply as partners. With this service, they can get up to 80% of the investment profit. To support their activity, PAMM partners will receive affiliate links and widgets from InstaForex.
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.
Another InstaForex feature that is worth mentioning is ForexCopy, a special platform that represents a copy trading facility. Copy trading is a form of investment that allows traders to copy the trades of other traders. With copy trading, what the clients need to do is find a profitable trader.
InstaForex uses ForexCopy to enable clients copy other traders within minutes. The broker uses the terms "followers" for clients who copy and "providers" for those who provide the signals to be copied.
So, how does InstaForex copy trading work? It started with the providers opening positions in the markets. When their trades are executed, they can be turned into trading signals through the Forexcopy system, allowing followers to copy them.
Any followers who apply for ForexCopy can choose whichever providers they want in exchange for a commission fee. Furthermore, followers would have full control of what they can do, such as controlling their funds, adjusting the settings, and even canceling a copying order if it is deemed unprofitable.
ForexCopy offers these advantages in general:
Benefits for Followers
For followers, using the InstaForex copy trading platform is a great way to begin the journey in the forex market. This feature has a large ion of ForexCopy providers with full and transparent statistics. Not to mention, the minimum deposit required to start copying is as low as $10. Followers could control their trades completely so they could have their own risk management without having to compromise their chances in the market.
Benefits for Providers
More advanced traders can opt to become trading providers. This can be a great source of income for their profitable strategy. In addition, providers can choose any payment method and list their accounts on public monitoring to gain unlimited followers. The ForexCopy feature in InstaForex is also compatible with affiliate programs, allowing traders to receive double benefits should they bring in followers.
The trading platform is an essential feature for traders to execute their orders. InstaForex WebTrader is a good example of a unique product created by the broker to trade forex, CFD, and futures markets in a web browser. It has a complete function kit and numerous tools to assist traders with daily analysis. Additionally, traders can access all account types on the web platform.
The InstaForex WebTrader has three interfaces:
- The Classic interface displays a list of instruments, trend directions, price changes, and positions sorted by parameters.
- The Dashboard interface includes tick charts for monitoring price changes.
- The Chart interface displays a chart of instruments, tick charts, positions, and other tools.
In general, clients can easily start trading online without installing any software. They can access all account types and a wide range of trading instruments with InstaForex WebTrader. This platform also offers multiple interfaces that make the platform more flexible for all types of traders. Furthermore, traders can receive the latest market news and analysis to help them make informed decisions.
When choosing a broker, it is essential to consider their features. A broker's features can significantly affect any trader's experience. InstaForex is one of the best examples of this. This broker offers various useful features including a PAMM account that allows investors to allocate funds to be managed by a fund manager, a copy trading feature that enables traders to copy other traders' strategies, and an exclusive WebTrader for a more accessible trading experience through web browsers. All of these InstaForex features can enhance traders' trading experience.
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.