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 Account
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.
ForexCopy
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.
See Also:
WebTrader
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.
Conclusion
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.
15 Comments
Sonny
Apr 30 2023
I'm really interested in trading with InstaForex, as I've read in the article, that they have some really great features and tools for traders. However, I'm a bit hesitant because I'm not sure where InstaForex is based and which regulators oversee their operations. Safety is really important to me, especially when it comes to my hard-earned money. Can you give me some more information about InstaForex's background and regulation, so I can feel more confident about trading with them? And are there any specific precautions or tips you can offer to help me stay safe and avoid potential risks when trading with InstaForex? Thanks so much!
Melerin
May 2 2023
Let me answer! So, InstaForex is actually a brokerage company based in Russia, but they also have offices and representatives in different parts of the world. As for regulation, they're registered with the Financial Services Commission (FSC) in the British Virgin Islands, which isn't the most strict regulator out there, but still provides some level of oversight.
Now, I totally get where you're coming from about being worried about safety when it comes to online trading. It can definitely be intimidating to put your money on the line and trust a company with your investments. While InstaForex's features may seem interesting, it's always important to do your due diligence and research any broker thoroughly before committing to them. Look into their history, reputation, and regulatory compliance to get a better understanding of the level of risk involved. And remember, never invest more than you can afford to lose!
Esther
May 12 2023
Judging the body regulators that regulate InstaForex, you can say the broker actually is an offshore broker, meaning it's not located in a major financial center and isn't regulated by a well-known financial authority. While some traders may be comfortable trading with offshore brokers, others may prefer to trade with brokers located in major financial centers like the US, UK, or Europe and regulated by reputable authorities like the SEC or FCA. But it is not bad at all after all. I mean, as long they operate for long enough which is 15 years without any problem, you can consider this broker as safe broker as well along with the experienced one!
Hero
May 1 2023
Yo, what's up? I'm new around here and I just found out that you can learn trading and make some cash at the same time these days. Back in the day, you had to grind on a demo account for a minute before seeing any profit, but now you can throw your real dough into PAMM or copy trading while also using a demo account. But, I'm not sure which one is the safer bet for a newbie like me to make some profit - PAMM Account or Forexcopy? Can you hook me up with some advice? Thanks!
Wilson
May 1 2023
Hey there, I'm really new to this whole trading thing and I'm trying to figure out which platform to use. I've heard that Metatrader is the most popular option out there, but then I stumbled upon InstaForex and their Webtrader feature. It's got me curious about what advantages Webtrader has over other trading platforms and why I, as a trader, should consider using it.
So, what exactly is Webtrader? And As a trader, what makes it a good option to use this trading platform? I really need to find out, so any help would be appreciated. Thank you!
Zizou
May 2 2023
Webtrader is a web-based trading platform that lets you access your trading account and execute trades directly from your web browser. You don't need to download or install any software, which makes it super easy to use. Plus, since it's web-based, you can trade from anywhere with an internet connection - even on your mobile or tablet! And you don't need to install any software!!
One of the best things about Webtrader is its flexibility. It works on a range of devices and operating systems, including PCs, Macs, tablets, and smartphones. This means you can trade on the go, which is super handy if you're always on the move.
Another great feature of Webtrader is its range of tools and features that help you analyze the markets and make informed trading decisions. You'll have access to real-time quotes, charting tools, technical analysis indicators, and heaps more. And because it's web-based, you can be sure it's always up-to-date with the latest market data.
Overall, Webtrader is a great option if you're looking for a user-friendly and flexible trading platform. It's definitely worth checking out, especially if you're new to trading.
Boris
May 1 2023
@Hero : Hey there! It really depends on what you're comfortable with and how much risk you're willing to take on.
If you're looking for an easier way to get into trading, PAMM accounts might be a good choice. You basically invest in an account managed by someone else who knows what they're doing, and you get a cut of the profits. That way, you don't have to put in as much time and effort to trade on your own. But keep in mind, there's always a chance you could lose money, so make sure to do your research and pick a good PAMM manager.
If you want more control over your trades, Forexcopy might be the way to go. You get to copy the trades of successful traders directly onto your own account. This gives you the flexibility to pick and choose who you want to follow based on their past performance. But just like with PAMM, you still need to do your own research to find a trader you can trust.
Overall, both options have the potential to make you some money, but it's important to weigh the risks and make a decision based on your own goals and comfort level. Hope that helps
Andrew
May 3 2023
In my opinion, it is better to use PAMM. I mean, PAMM accounts can be a good option if you have a larger amount of capital to invest, as the potential for profit can be greater when investing larger sums of money. However, as with any investment, there is always the risk of losing money, so it's important to do your research and choose a reputable PAMM manager who has a proven track record of success. It's also a good idea to diversify your investments and not put all your eggs in one basket, so to speak. By spreading your investments across different managers or strategies, you can help minimize your risk and increase your chances of making a profit over the long term.
Dion
May 11 2023
Hey, I'm curious about the trading platforms available at InstaForex. I know they offer their own webtrader, but I'm wondering if there are any other platforms to choose from. And, most importantly, can I access these platforms on the go through a mobile app? Trading on the go would be really convenient for me, but I want to make sure I have access to the same trading features and tools as the webtrader. So, could you give me a rundown of the available trading platforms at InstaForex and whether they're compatible with mobile devices? Thanks a lot!
Julise
May 12 2023
I'd be happy to answer your question! Yes, InstaForex offers multiple trading platforms for traders to choose from, including the popular MetaTrader 4 and MetaTrader 5 platforms, which are available for both desktop and mobile devices. This means you can access your trades and manage your account on-the-go from your smartphone or tablet. In addition to the web-based trading platform, InstaForex also offers the option to trade through their mobile app, making it even more convenient to stay connected and manage your trades from anywhere. So, whether you prefer to trade on your desktop or on-the-go, InstaForex has got you covered with a variety of platforms to suit your needs
Ahmad
Jul 29 2023
Hey, I'm curious about how InstaForex handles risk management for copy trading on their ForexCopy platform. Can followers have some control over their risk? You know, like setting their own copying parameters, adjusting stuff, and stopping copying a trader if things don't look good? Also, do they provide any info or tips about the risks involved? Oh, and what about the fees? Do they let followers know how much they're paying for copying trades? Just wanna make sure I'm fully informed before I dive into copy trading! Thanks
Sarah
Jul 31 2023
Yes, followers do have some control over their risk. They can set their own copying parameters, like deciding how much of their funds they want to use for copying a trader's trades, and even setting a limit on the risk level of each copied trade. So, you get to customize things to your comfort!
And don't worry, InstaForex cares about keeping you informed. They provide info and tips about the risks involved in copy trading, so you'll have a better understanding of what you're getting into. It's always good to know the risks before diving in, right?
Now, speaking of fees, followers do pay a commission fee to the traders they copy. But no need to stress, InstaForex makes sure to disclose these fees transparently. So, you'll know exactly how much you're paying for copying those trades.
That's the scoop! Being fully informed is smart, so you're on the right track. Happy copy trading, and may your trading journey be filled with success and profit!
Vito
Jul 29 2023
What are the main differences between social trading and copy trading in InstaForex? So, with social trading, traders get a whole community vibe, right? They can interact, share ideas, and get insights from fellow traders. It's like being part of a supportive trading club! On the other hand, copy trading is a bit more specific. Traders can directly copy the trades of successful "providers" on the ForexCopy system. It's like having a pro trader do the work for you! But I'm curious, how does InstaForex turn those provider trades into signals that followers can replicate? And what's the level of involvement for traders in each approach? I'm wondering how these two options can suit different trading styles and goals. Can you shed some light on that?
Hans
Jul 30 2023
let me break it down in simple terms!
Social trading is like being part of a trading club. Traders can chat, share ideas, and learn from each other. It's interactive and collaborative. Copy trading is easier. You can follow successful traders and automatically copy their trades. No need to analyze or decide – let the experts do it for you!
With ForexCopy in InstaForex, the provider's trades become signals for followers to copy. It's like a seamless process! In social trading, you make your own decisions using the community's insights. In copy trading, you rely on the provider's skills.
Choose what suits you best – interactive learning or hands-off copying. Both can be great ways to trade with InstaForex. Happy trading!
Grealish
Jul 31 2023
Let's illustrate the differences between social trading and copy trading with a simple example:
Thank you!