Scam Forex Brokers in Namibia
Instaforex Review
Overall, InstaForex is considered average risk, with an overall Trust Score of 84 out of 100. InstaForex is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). InstaForex is currently not regulated by the bank of Namibia
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
InstaForex Review – 25 key points quick overview:
- ✅InstaForex Overview
- ✅InstaForex At a Glance
- ✅InstaForex Regulation and Safety of Funds
- InstaForex Awards and Recognition
- InstaForex Account Types and Features
- How to open an Account with InstaForex in Namibia
- InstaForex VS Exness VS HotForex – Broker Comparison
- InstaForex Trading Platforms
- InstaForex Range of Markets
- Broker Comparison for Range of Markets
- InstaForex Trading and Non-Trading Fees
- InstaForex Deposits and Withdrawals
- How to Deposit Funds with InstaForex
- InstaForex Fund Withdrawal Process
- InstaForex Education and Research
- InstaForex Bonuses and Promotions
- How to open an Affiliate Account with InstaForex
- InstaForex Affiliate Program Features
- InstaForex Customer Support
- InstaForex Corporate Social Responsibility
- Verdict on InstaForex
- InstaForex Current Popularity Trends
- InstaForex Pros and Cons
- Frequently Asked Questions
- Conclusion
InstaForex Overview
👉 InstaForex offers four different retail trading accounts namely an Insta.Standard Trading Account, Insta.Eurica Trading Account, Cent.Standard Trading Account, and a Cent.Eurica Trading Account
👉 InstaForex, which has its headquarters in Limassol, Cyprus, serves customers all over the globe, and the number of traders who select InstaForex now surpasses 7 million, which is a huge amount.
👉 The goal of InstaForex is to offer a broad variety of services while always treating its traders fairly. Aside from superb technical solutions, some of the finest trading conditions on the market, and other benefits, InstaForex takes a personal approach to each client by providing complete educational and customer support services.
👉 InstaForex operates under many licenses in several countries, ensuring compliance with international protection legislation and trader coverage.
👉 This InstaForex review for Namibia will provide local retail traders with the details that they need to consider whether InstaForex is suited to their unique trading objectives and needs.
👉 InstaForex accepts Namibian clients and has an average spread of 0.0 pips with commissions from 0.3%. InstaForex has a maximum leverage ratio up to 1:1000 and there is a demo and Islamic account available.
👉 MT4, MT5, WebIFX, InstaForex, and InstaTick Trader platforms are supported. InstaForex is headquartered in the British Virgin Islands and is regulated by BVI FSC, CySEC, and FSA SVG.
InstaForex Distribution of Traders
👉 InstaForex currently has the largest market share in these countries:
➡️ Germany – 19.4%
➡️ Russian Federation – 12.6%
➡️ Ukraine – 7.1%
➡️ Finland – 6.6%
➡️ Nigeria – 5%
Popularity among traders who choose InstaForex
🥇 While InstaForex does not dominate the Namibian CFD and FX market, it is among the Top 30 brokers for both novice and experienced Namibian traders.
InstaForex At a Glance
| 🏛 Headquartered | The British Virgin Islands |
| ⚖️ Local Market Regulator in Namibia | The Bank of Namibia (BoN) |
| 💰 Foreign Direct Investment in Namibia | 906.71 NAD Million in 2021 |
| 💸 Foreign Exchange Reserves in Namibia | 16107.37 NAD Million in 2024 |
| 🏛 Local office in Windhoek? | No |
| ⚖️ Governor of SEC in Namibia | None |
| ✔️ Accepts Namibian Traders? | Yes |
| 🗓 Year Founded | 2007 |
| 📞 Namibian Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • YouTube • Telegram |
| ⚖️ Regulation | BVI FSC, CySEC, FSA SVG |
| 1️⃣ Tier-1 Licenses | • Financial Conduct Authority (FCA) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) |
| 3️⃣ Tier-3 Licenses | • Financial Services Commission (FSC) of the British Virgin Islands (BVI) • The Financial Services Authority (FSA) in St Vincent and the Grenadines |
| 🪪 License Number | • Cyprus – 266/15 • British Virgin Islands – SIBA/L/14/1082 • Saint Vincent and the Grenadines – 22945 and 24321 |
| ⚖️ BoN Regulation | None |
| ❌ Regional Restrictions | The United States |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| ✔️ PAMM Accounts | Yes, MAM |
| 💧 Liquidity Providers | J.P. Morgan, UBS, Barclays, HSBC, Morgan Stanley & Citibank |
| 💰 Affiliate Program | Yes |
| 💻 Order Execution | Instant |
| 📊 Starting spread | 0.0 pips, Variable |
| 💰 Minimum Commission per Trade | From 0.03% |
| 💸 Decimal Pricing | Up to 5 digits after comma |
| 📞 Margin Call | 30% |
| 🛑 Stop-Out | 10% |
| 💰 Minimum Trade Size | 0.01 lots |
| 💵 Maximum Trade Size | 100 lots |
| ✔️ Crypto trading offered? | Yes |
| ✔️ Offers a NAD Account? | No |
| 👥 Dedicated Namibian Account Manager? | No |
| 📈 Maximum Leverage | Up to 1:1000 |
| 📋 Leverage Restrictions for Namibia? | No |
| 💰 Minimum Deposit (NAD) | 15 NAD or an equivalent to $1 |
| ✔️ Namibian Dollar Deposits Allowed? | No |
| 👥 Active Namibian Trader Stats | 150,000+ |
| 🤝 Active Namibian-based InstaForex customers | Unknown |
| 💰 Namibia Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • SAR Online Banking • Debit Card • Credit Card • Skrill • International Bank Transfers • Neteller • PayCo • Cryptocurrencies • Bank wire Transfer • Local Transfers |
| ⏰ Minimum Withdrawal Time | Instant |
| 🕙 Maximum Estimated Withdrawal Time | Up to 6 working days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes |
| 🏧 Segregated Accounts with Namibian Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • WebIFX • InstaForex Multi-• Terminal • InstaForex • WebTrader • InstaTick Trader • InstaForex • MobileTrader |
| 💵 Tradable Assets | • Forex • Shares • Indices • Precious Metals • Energies • Commodity Futures • Cryptocurrencies • InstaFutures |
| ✔️ Offers USD/NAD currency pair? | No |
| 📊 USD/NAD Average Spread | N/A |
| ✔️ Offers Namibian Stocks and CFDs | None |
| 🗣 Languages supported on the Website | English, French, Malay, Dutch, Italian, German, Simplified Chinese, Slovakian, Polish, Vietnamese, Portuguese, Spanish, Romanian, and more. |
| 📞 Customer Support Languages | Multilingual |
| ✔️ Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 🧑💻 Namibian-based customer support? | No |
| 💰 Bonuses and Promotions for Namibians | Yes |
| 📚 Education for Namibian beginners | Yes |
| ✔️ Proprietary trading software | Yes |
| 🥇 Most Successful Namibian Trader | Michael Amushelelo (Net Worth Unknown) |
| ✔️ Is InstaForex a safe broker for Namibians? | Yes |
| 🥇 Rating for InstaForex Namibia | 8/10 |
| 🎖 Trust score for InstaForex Namibia | 84% |
| 👉 Open Account | 👉 Open Account |
InstaForex Regulation and Safety of Funds
InstaForex Regulation in Namibia
👉 In Namibia, InstaForex accepts traders but is not locally regulated or authorized by the Bank of Namibia. However, despite this, InstaForex is a recommended broker for Namibian traders.
InstaForex Global Regulations
👉 InstaForex is a medium-risk broker authorized by the following market authorities:
➡️ In the United Kingdom, the Financial Conduct Authority (FCA) has granted Instant Trading EU Ltd temporary approval to conduct services in the European Economic Area (EEA) under reference number 728735.
➡️ Insta Trading EU Ltd is a Cyprus-based firm that offers investment, ancillary, and cross-border services to a few EU member states. The broker also works with several nations outside of the European Union. The Cyprus Securities and Exchange Commission (CySEC) regulates Insta Trading EU Ltd under Regulation 266/15.
➡️ The Financial Services Commission of the British Virgin Islands has approved, controlled, and well-regulated Instant Trading Ltd. (FSC). In the British Virgin Islands, InstaForex is governed under SIBA/L/14/1082, the Investment Business Act.
➡️ InstaForex is registered in Saint Vincent and the Grenadines as Insta Global Ltd and Insta Service Ltd.
InstaForex Client Fund Security and Safety Features
👉 Financial sector standards have been created by international agencies such as the International Monetary Fund (IMF) and the International Organization for Standardization (IOSCO), and SIBA is responsible for ensuring that the BVI’s licensing framework complies with such standards.
👉 There are various restrictions if you open an EU brand account, including maximum leverage of 1:30. In addition, the European Securities and Markets Authority (ESMA), a European Supervisory Authority and financial regulatory agency, is to blame.
👉 The Markets in Financial Instruments Directive (MiFID), which intends to harmonize the regulatory disclosures required by some markets, has made European Union financial markets more open.
👉 InstaForex does not accept consumers from the United States or numerous developing countries due to strict legislation.
InstaForex Awards and Recognition
👉 InstaForex is a well-known worldwide forex brand. In all critical categories, the companies behind the InstaForex brand have a strong competitive position.
👉 For its flawless quality, security, creative approach, and a broad range of services and offers, the group of enterprises has earned several major awards from business publications and specialist exhibition projects.
👉 Some of InstaForex’s most recent awards and recognition include:
➡️ Best Forex Broker in Central and Eastern Europe, awarded by the International Business Magazine in 2020.
➡️ Most Active Broker in Asia, awarded during the AtoZ Markets Forex Awards in 2020.
➡️ Best Affiliate Program, issued by Global Brands Magazine in 2020.
👉 In addition to an extensive list of awards, InstaForex participates actively in a variety of global sponsorships and social events. Some of InstaForex partners include:
➡️ Borussia Dortmund Liverpool FC
➡️ Dragon Racing
➡️ Dakar Rally
➡️ Ole Einar Bjorndalen (Olympic biathlete)
➡️ Daria Kasatkina (Tennis emerging star), and other notable athletes and sports teams
InstaForex Account Types and Features
👉 The four basic account types provided by InstaForex appeal to a broad variety of traders, regardless of their trading objectives, ambitions, styles, or experience levels, since each account type offers its own set of unique features and competitive trading conditions.
👉 The live account options that are offered to Namibians are:
➡️ Insta.Standard Trading Account
➡️ Insta.Eurica Trading Account
➡️ Cent.Standard Trading Account
➡️ Cent.Eurica Trading Account
InstaForex Live Trading Account Details
Insta.Standard Trading Account
👉 Namibian traders may use this account type to trade all the broker’s tradable financial products and regular trading conditions.
👉 This account complies with the Forex market’s rules. A trader pays a predetermined spread once they have access to all trading instruments. Standard accounts are free to use and may be used to settle transactions with a standard spread.
👉 The most important aspect of this account is its versatility, which allows traders to tailor their trading approach to their own needs at any time by changing their trading leverage and deposit amount.
| Account Feature | Value |
| 💵 Account Base Currencies | EUR and USD |
| 📉 Minimum Deposit | 15 Namibian Dollar equivalent to $1 |
| 📈 Maximum Deposit Amount | None |
| 📊 Average spreads | Between 3 to 7 pips |
| 💰 Commissions | None |
| 💸 Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Volume | 10,000 lots |
| 📊 Leverage Ratios | Between 1:1 and up to 1:1000 |
| 🔒 Margin for Locks | 25% |
| 📞 Margin Call | 30% |
| 🛑 Stop-out | 10% |
| 🕹 Order Execution | Instant |
Insta.Eurica Trading Account
👉 When trading with this account type, the trader is not required to pay a spread. Because there are no margins on the Eurica account type, the BID and ASK prices are always the same.
👉 Because there are a few technical quirks with the MetaTrader 4 platform that cause the offered price to be higher than the BID price, Namibian traders should keep this in mind when placing orders. When employing pending orders, Namibian traders do not have to be concerned about the spread. If there is no spread, the order is filled as soon as it reaches a specified price.
👉 Furthermore, before placing GTC orders and entering the market, Namibians do not need to consider the spread’s influence on their position result, allowing for more efficient technical research.
👉 Insta.Eurica accounts, in addition to exposing newbies to the market via a simpler trading strategy, may also be utilized by experienced traders since their trade features are equal to those of an Insta.Standard account.
| Account Feature | Value |
| 💵 Account Base Currencies | EUR and USD |
| 📉 Minimum Deposit | 15 Namibian Dollar equivalent to $1 |
| 📈 Maximum Deposit Amount | None |
| 📊 Average spreads | From 0.0 pips |
| 💰 Commissions | From 0.03% to 0.07% |
| 💸 Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Volume | 10,000 lots |
| 📊 Leverage Ratios | Between 1:1 and up to 1:1000 |
| 🔒 Margin for Locks | 25% |
| 📞 Margin Call | 30% |
| 🛑 Stop-out | 10% |
| 🕹 Order Execution | Instant |
Cent.Standard Trading Account
👉 After familiarizing themselves with the features and benefits of the demo account, Namibian traders who are new to trading may use this account type. The Cent.Standard Trading Account exposes traders to genuine market conditions with a minimum trading volume of $0.01.
| Account Feature | Value |
| 💵 Account Base Currencies | EUR cents and USD cents |
| 📉 Minimum Deposit | 15 Namibian Dollars equivalent to $1 |
| 📈 Maximum Deposit Amount | None |
| 📊 Average spreads | Between 3 to 7 pips |
| 💰 Commissions | None |
| 💸 Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Volume | 10,000 lots |
| 📊 Leverage Ratios | Between 1:1 and up to 1:1000 |
| 🔒 Margin for Locks | 25% |
| 📞 Margin Call | 30% |
| 🛑 Stop-out | 10% |
| 🕹 Order Execution | Instant |
Cent.Eurica Trading Account
👉 The Cent.Eurica Account is the same as the Standard Account, except it is denominated in cents.
| Account Feature | Value |
| 💵 Account Base Currencies | EUR and USD |
| 📉 Minimum Deposit | 15 Namibian Dollar equivalent to $1 |
| 📈 Maximum Deposit Amount | None |
| 📊 Average spreads | 0.0 pips |
| 💰 Commissions | From 0.03% to 0.07% |
| 💸 Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Volume | 10,000 lots |
| 📊 Leverage Ratios | Between 1:1 and up to 1:1000 |
| 🔒 Margin for Locks | 25% |
| 📞 Margin Call | 30% |
| 🛑 Stop-out | 10% |
| 🕹 Order Execution | Instant |
InstaForex Base Account Currencies
👉 InstaForex offers an extremely limited choice between base currencies and traders can only choose between USD or EUR as their default currency. This means that deposits and withdrawals that are made in any other currencies could be subject to currency conversion fees.
InstaForex Demo Account
👉 InstaForex also provides a demo account with virtual cash that can be replenished at any time. Demo accounts are a terrific method for traders to practise trading in a risk-free environment while also familiarizing themselves with InstaForex’s platforms.
InstaForex Islamic Account
👉 InstaForex gives its Muslim customers who wish to create an Islamic trading account a choice of four live trading accounts. With InstaForex’s Islamic Account, Muslims can trade in a wide range of markets without incurring a swap or overnight charge.
👉 InstaForex offers a swap-free or Islamic trading option, and each account’s trading criteria stay the same even after it has been converted to an Islamic account.
👉 This has the advantage of not raising fees or spreads for traders switching accounts as such adjustments are often used by other brokers to make up for the absence of overnight costs.
How to open an Account with InstaForex in Namibia
👉 To register an account with InstaForex, Namibian traders can follow these steps:
➡️ Accept the Public Offer Agreement’s conditions. This agreement does not need to be signed to be legally binding as it is just like a conventional paper contract.
➡️ Complete the unique registration form. You will get your login details in an email after you have completed all the forms, this includes:
➡️ Login details – To access Client Cabinet, you will need your forex trading account number (login) and trader password. These credentials are also utilized to carry out trades on the trading platform.
➡️ Keyword – When you contact InstaForex professionals from Technical Support or Dealer Department, your phone password (keyword) is utilized.
➡️ Your personal identification number (PIN) is used to confirm withdrawal requests.
➡️ Traders may begin trading on the Forex market after making their initial deposit into their forex trading account. This must be done within 30 days after the original account registration.
➡️ Traders may start trading right away by installing a trading terminal on their PC, tablet, or smartphone.
➡️ If your account has not been validated yet, you will only be able to make use of 60% of InstaForex’s features. Although account verification is not required, it does provide you access to the full range of services.
➡️ Accounts must be verified by submitting a scanned copy of your passport or other forms of identification. You will get an email within 72 business hours of delivering the documents verifying the status of your trading account, or it could prompt you to submit additional documents.
InstaForex VS Exness VS HotForex – Broker Comparison
| 🥇 InstaForex | 🥈 Exness | 🥉 HotForex | |
| ⚖️ Regulation | FCA, BVI FSC, CySEC, FSA SVG | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSCA, CySEC, DFSA, FSA, FCA, FSC, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, CMA, and other regions |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • WebIFX • InstaForex Multi-• Terminal • InstaForex • WebTrader • InstaTick Trader • InstaForex • MobileTrader | • MetaTrader 4 • MetaTrader 5 • Exness App • Exness Terminal | • MetaTrader 5 • MetaTrader 5 |
| 💸 Withdrawal Fee | Yes | No | No |
| 💻 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 15 NAD | 144 NAD | 76 NAD |
| 📊 Leverage | 1:1000 | Unlimited | 1:1000 |
| 📊 Spread | 0.0 pips | Variable, from 0.0 pips | 0.0 pips |
| 💰 Commissions | 0.03% to 0.07% | From $0.1 per side, per lot | $3 to $4 |
| 🛑 Margin Call/Stop-Out | 30%/10% | 60%/0% | • 40%/10% • 50%/20% |
| 💵 Order Execution | Instant | Market | Market |
| 💰 No-Deposit Bonus | Yes | No | No |
| 💵 Cent Accounts | Yes | Yes | No |
| 💻 Account Types | • Insta.Standard Trading Account • Insta.Eurica Trading Account • Cent.Standard Trading Account • Cent.Eurica Trading Account | • Standard Account • Standard Cent Account • Raw Spread Account • Zero Account • Pro Account | • Micro Account • Premium Account • HFcopy Account • Zero Spread Account • Auto Account |
| ⚖️ BoN Regulation | No | No | Yes |
| 💸 NAD Deposits | Yes | Yes | Yes |
| 💰 NAD Account | No | Yes | No |
| 📞 Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 🛍 Retail Investor Accounts | 4 | 5 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 💵 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | Unlimited | 60 lots |
| ⏰ Minimum Withdrawal Time | Instant | Instant | 10 minutes |
| 💻 Maximum Estimated Withdrawal Time | Up to 6 working days | Up to 72 hours | Up to 10 days |
| 💵 Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
InstaForex Trading Platforms
👉 InstaForex offers Namibian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ WebIFX
➡️ InstaForex Multi-Terminal
➡️ InstaForex WebTrader
➡️ InstaTick Trader
➡️ InstaForex MobileTrader
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ InstaForex Multi-Terminal
👉 The platform itself is one of the most powerful currently accessible, featuring MT4 and MT5 as well as the InstaForex Multiterminal and compatibility with any device. InstaForex was one of the first brokers to provide its clients with the MT5 platform.
👉 InstaForex, on the other hand, is dedicated to the MT4 platform since it enables them to always keep track of their accounts and send them warnings when specific occurrences occur. The InstaForex MultiTerminal is available for download and installation on any computer running the Windows operating system.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ WebIFX
➡️ InstaForex WebTrader
➡️ InstaTick Trader
MetaTrader 4
👉 Traders may monitor financial instruments and analyse the markets in several ways using InstaForex MetaTrader4, including by utilizing the program’s built-in charting capabilities.
👉 There are a variety of professional-level trading tools accessible, including free VPS hosting, the ability to trade using EAs, scalping, or hedging, as well as Money Manager solutions and APIs for PAMM accounts and APIs.
👉 They provide a variety of MT4 add-ons, including features like “magic buttons” and one-click trading, for use with the MT4 platform. In addition, one-click trading is extremely efficient since it allows you to trade with the same settings every time.
MetaTrader 5
👉 MetaTrader 5 is an improved version of MetaTrader 4, and when Namibians trade with InstaForex using MT5, they can anticipate a larger variety of features and functionality. Built-in, adjustable indicators, extra order kinds, expert advisers, market signals, one-click trading, and other features are included.
👉 Traders will benefit from InstaForex’s utilization of MetaTrader’s design, infrastructure, and familiarity. The Client Cabinet gives you even more options.
WebIFX
👉 The WebIFX platform from InstaForex is the only one of its type. You do not need to download any additional software to execute a web-based application.
👉 You may trade from any place with an internet connection using most browsers. WebIFX allows you to open, manage, close, and analyse charts in the same manner that you would on a traditional desktop trading platform.
InstaForex WebTrader
👉 InstaForex created the WebTrader trading platform, which is only available to the broker’s clients. Traders may trade directly from their web browser, eliminating the need to download and install extra software.
👉 You are free to trade anytime and anywhere you wish. All you will need is a computer or mobile device with Internet access. WebTrader’s feature-rich trading interface and large toolkit are likely to appeal to sophisticated consumers.
InstaTick Trader
👉 InstaForex developed InstaTick Trader, its own trading platform. It is intended for use in tick trading. Its main selling feature is the capacity to offer six-digit quotes.
👉 Traders may use this feature to boost their profits since even little fluctuations have a considerable influence on profit estimates. InstaTick Trader is a web-based trading platform that allows traders to trade without having to download any software.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ InstaForex MobileTrader
➡️ InstaForex Multi-Terminal
MetaTrader 4 and 5
👉 MetaTrader 4 and 5 are robust trading platforms with mobile trading applications for iOS and Android that provide Namibian traders more freedom.
👉 The mobile applications include various features that are mirrored in the main desktop and online apps, providing traders with the tools and assistance they need to trade financial products while on the go.
InstaForex MobileTrader
👉 MobileTrader, InstaForex’s proprietary trading app, has the same features and capabilities as the desktop and online versions of the company’s trading platform, MT4. Using this software, you will have an easier time managing your trading account and trading foreign exchange.
InstaForex Multi-Terminal
👉 Traders can handle many accounts at the same time using the MultiTerminal. This is a particularly valuable tool if you are in the business of handling the financial assets of other people.
👉 The system is designed for money managers who need to handle the funds of several clients as well as investors who want to put any amount of money into a managed account.
👉 The money manager is paid a success fee, while investors are rewarded if the account is profitable. InstaForex offers a monitoring tool that allows you to look at data over time and filter by several characteristics to see just the accounts that are important to you.
InstaForex Range of Markets
👉 Namibian traders can expect the following range of markets from InstaForex:
➡️ Forex
➡️ Shares
➡️ Indices
➡️ Precious Metals
➡️ Energies
➡️ Commodity Futures
➡️ Cryptocurrencies
➡️ InstaFutures
Broker Comparison for Range of Markets
| 🥇 InstaForex | 🥈 Exness | 🥉 HotForex | |
| ➡️ Forex | Yes | Yes | Yes |
| ➡️ Precious Metals | Yes | Yes | Yes |
| ➡️ ETFs | No | No | No |
| ➡️ CFDs | Yes | Yes | Yes |
| ➡️ Indices | Yes | Yes | Yes |
| ➡️ Stocks | Yes | Yes | Yes |
| ➡️ Cryptocurrency | Yes | No | Yes |
| ➡️ Options | No | No | No |
| ➡️ Energies | Yes | Yes | Yes |
| ➡️ Bonds | No | No | Yes |
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
InstaForex Trading and Non-Trading Fees
Spreads
👉 InstaForex charges a spread that is calculated according to the account being used, the financial instrument that is being traded, and the overall trading conditions on the day of trading. Some typical spreads that Namibians can expect according to their account type on EUR/USD are as follows:
➡️ Insta.Standard Trading Account – Spreads between 3 to 7 pips
➡️ Insta.Eurica Trading Account – Spreads from 0.0 pips
➡️ Cent.Standard Trading Account – Spreads between 3 to 7 pips
➡️ Cent.Eurica Trading Account – Spreads from 0.0 pips
👉 Spreads on a few other instruments are as follows:
➡️ Shares – from 2 pips
➡️ Indices – from $0.01
➡️ Metals – from 40 pips
➡️ Energies – $10
➡️ Commodity Futures – $10
➡️ Cryptocurrencies – from 25 pip
➡️ InstaFutures – $0.01
Commissions
👉 Commissions are charged on accounts with zero-pip spreads to cover InstaForex for facilitating the trade. Commissions are only charged on the Eurica accounts between 0.03% to 0.07%. In addition, according to certain financial instruments, Namibians can expect these commission charges:
➡️ Energies – $30 per round turn
➡️ Commodity Futures – $30 per round turn
➡️ Cryptocurrency – 0.1%
➡️ InstaFutures – 0.5%
Overnight Fees, Rollovers, or Swaps
👉 Fees are either deducted or credited from the account of the trader, and this is determined by the position that the trader took when the transaction was launched (long or short).
👉 The interbank rate, the size of the position, the type of financial instrument being traded, and the length of time that the position is open all go into the calculation of overnight costs. The following are examples of typical overnight fees:
➡️ EUR/USD – with a long swap of -0.61 pips and a short swap of -0.08 pips
➡️ Shares – with a long swap of -7% and a short swap of -2%
➡️ Spot Silver – with a long swap of -2.71 pips and a short swap of -1.54 pips
➡️ Spot Gold – with a long swap of -21.81 pips and a short swap of -7.01
➡️ Cryptocurrencies – with a long swap of -0.05% and a short swap of -0.05%
Deposit and Withdrawal Fees
👉 InstaForex does not charge any fees on deposits but applies the following withdrawal fees to withdrawal methods:
➡️ Credit Card – System Fees
➡️ Debit Card – System Fees
➡️ Cryptocurrency (Bitcoin and Litecoin) – 0.5%
➡️ PayCo – System Fees
➡️ Skrill – Transaction fee of 1.39%
➡️ Southeast Asia Bank Transfers – Fees of 2% plus 0.3 EUR
➡️ Neteller – Transaction fee of 2%
➡️ AstroPay – Transaction fee of 0.5%
➡️ Philippines Online Banking – Fees of 1.75%
➡️ Africa Online Transfers – 3/3.5% plus 0.5 EUR
➡️ Other Crypto Payments – 1% fee
➡️ NEO – 1.6% Fees
➡️ Online Transfers of 6.5% along with a $0.5 Fee
Inactivity Fees
👉 InstaForex does not charge any fees when a live trading account becomes dormant after a certain period of inactivity.
Currency Conversion Fees
👉 If traders deposit money in a currency other than the base account currency, currency conversion costs will apply. The current market rate, which can be seen in the Client Cabinet and on InstaForex’s official website, determines the currency conversion cost.
InstaForex Deposits and Withdrawals
👉 InstaForex offers the following deposit and withdrawal methods:
➡️ SAR Online Banking
➡️ Debit Card
➡️ Credit Card
➡️ Skrill
➡️ Southeast Asia Bank Transfers
➡️ Asia United Bank
➡️ Banco de Oro
➡️ Bank of the Philippine Islands
➡️ Chinabank
➡️ Coins.ph
➡️ EastWest
➡️ EON by Unionbank
➡️ ePSBank Online
➡️ Landbank
➡️ Maybank
➡️ Metrobank
➡️ Philippine National Bank
➡️ RCBC
➡️ Robinsons Bank
➡️ Security Bank
➡️ UCPB
➡️ Unionbank
➡️ Neteller
➡️ PayCo
➡️ Payment Asia
➡️ Africa Online Transfers
➡️ Thai QR Payment
➡️ AstroPay
➡️ Cryptocurrencies
➡️ Local Indonesian Bank Transfer
➡️ Local China Bank Transfer
➡️ Local Indica Bank Transfer
➡️ Local Malaysian Bank Transfer
➡️ Local Nigerian Bank Transfer
➡️ Local Ghana Bank Transfer
➡️ Local Singapore Bank Transfer
➡️ Local Pakistan Bank Transfer
➡️ Local Korean Bank Transfer
➡️ Local Thailand Bank Transfer
➡️ Local Bangladesh Bank Transfer
➡️ Local UAE Bank Transfer
➡️ Local Bahrain Bank Transfer
➡️ Local Qatar Bank Transfer
➡️ Local Saudi Arabia Bank Transfer
➡️ Local Oman Bank Transfer
➡️ Local Philippines Bank Transfer
➡️ Local Kuwait Bank Transfer
How to Deposit Funds with InstaForex
👉 To deposit funds to an account with InstaForex, Namibian traders can follow these steps:
➡️ Traders can sign into their Client Cabinet and select their preferred payment method
➡️ Next, the trader can enter the amount they wish to deposit, select the deposit currency, and submit their deposit request.
➡️ Depending on the payment method there may be additional steps to follow from the payment provider to confirm the deposit.
InstaForex Fund Withdrawal Process
👉 To withdraw funds from an account with InstaForex, Namibian traders can follow these steps:
➡️ To withdraw funds, traders can log into their Client Cabinet and select the option to withdraw.
➡️ Traders can select the account which they want to withdraw funds from, choose their withdrawal method, enter the amount they wish to withdraw, and proceed by submitting the withdrawal request.
InstaForex Education and Research
Education
👉 InstaForex offers the following Educational Materials:
➡️ Demo Account
➡️ Training
➡️ Trading Platform Guidelines
➡️ FAQ Section
➡️ How to Start Trading
➡️ Video Tutorials
➡️ Forex Glossary
➡️ Knowledge Base
👉 InstaForex also offers Namibian traders the following additional Research and Trading Tools:
➡️ Chief Strategies
➡️ Analytical Reviews
➡️ Economic Calendar
➡️ Video Analytics
➡️ InstaForex TV
➡️ Trading Sessions
➡️ News in Pictures
➡️ ForexCopy System
➡️ PAMM System
InstaForex Bonuses and Promotions
👉 InstaForex offers Namibian traders the following bonuses and promotions:
➡️ 100% Deposit Bonus
➡️ 55% Deposit Bonus
➡️ 30% Deposit Bonus for recurring deposits
➡️ $1,000 Start-up No-deposit bonus
➡️ Ferrari from InstaForex
➡️ Lucky Trader
➡️ Chancy Deposit
➡️ Real Scalping
➡️ Great Race
➡️ FX-1 Rally
➡️ Ms InstaForex 2024
➡️ Free Devices
➡️ One Million Option
How to open an Affiliate Account with InstaForex
👉 Namibians could join InstaForex as a partner by following these simple steps:
➡️ Register for the affiliate program by visiting the InstaForex website, navigating to “For Partners” and “Register”
➡️ Complete the application and submit the application
➡️ Use the tools and resources offered by InstaForex to start attracting clients
➡️ As clients join InstaForex and execute trades, affiliates will be rewarded
InstaForex Affiliate Program Features
👉 Namibians may join as an Online Partner or as a Cost Per Action (CPA) Partner. When Namibians opt to work with InstaForex, they can anticipate the following affiliate program features:
➡️ High commissions between $10 to 13.3 per market lot traded by clients
➡️ Two-Tier affiliate program
➡️ Brand production
➡️ Personal Manager
➡️ Multilingual support
InstaForex Customer Support
👉 Customer care is offered by email, live chat, Skype, and quick call-back service in 18 languages, including English, Arabic, Portuguese, Chinese, Indonesian, Malay, and others. Several messaging applications, such as WhatsApp, Telegram, and Viber, are also accessible for technical help.
👉 Client relations are accessible from 8 am to 5 pm (UTC +00) and technical assistance is available 24 hours a day, five days a week.
InstaForex Corporate Social Responsibility
👉 The InstaForex Company’s primary value is to bring compassion to business. InstaForex strives for a vision that includes business ethics as well as panhuman moral standards and values.
👉 InstaForex’s social responsibility illustrates how its team views the job of a truly modern firm that upholds fundamental human values despite severe competition and fierce rivalry among market participants.
👉 According to these theories, social responsibility must be an integral part of any large-scale business led by empathetic people. For many years, InstaForex Company has cooperated with an expanding number of charity organizations and private individuals.
👉 The website of InstaForex is updated regularly to feature new projects that reflect the broker’s social responsibility concept. The following are some of the activities and charities that InstaForex supports:
➡️ Three authoring systems
➡️ Excellent trading conditions
➡️ A powerful range of bonuses and promotions
➡️ A wide range of payment systems
➡️ Regular contests with lucrative prizes
➡️ An automatic system
Verdict on InstaForex
👉 InstaForex is a well-regulated market maker broker that offers four active accounts with dynamic and comprehensive trading conditions and features. While the spreads are competitive, the trading charges are much greater than with other brokers.
👉 Instaforex’s minimum deposit requirements are minimal, allowing anyone to start participating in several financial markets. On the MT4, MT5, and proprietary platforms, InstaForex provides a wide selection of tradable assets, including over 110 currency pairs.
👉 InstaForex also provides traders with a variety of trading tools to assist them in making better trading selections. While education is minimal in comparison to other more prominent international brokers, market research is comprehensive, up-to-date, and thorough.
InstaForex Current Popularity Trends
👉 According to Google Trends, InstaForex has seen an increase in Google Searches in the past month.
Overall Rating
- 4.8/5
Min Deposit
$1/18 NAD
Regulators
CySEC, FSC
Trading Desk
Metatrader 4, Metatrader 5, Multiterminal, WebTrader
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
InstaForex Pros and Cons
| ✔️ Pros | ❌ Cons |
| InstaForex is well-regulated in several regions by Tier-1, Tier-2, and Tier-3 market regulators | InstaForex does not have a NAD-denominated account for Namibian traders |
| InstaForex has a decent selection of tradable markets | There are currency conversion fees charged |
| Namibian traders can choose from several funding options | |
| There are commission-free accounts offered by InstaForex | |
| There is a decent range of additional trading tools offered by InstaForex | |
| Namibian traders are given access to the ForexCopy system, which can be used for trading signals | |
| There is an Islamic account offered by InstaForex | |
| There are risk-free practice accounts offered |
Frequently Asked Questions
What is the withdrawal time with InstaForex?
The withdrawal time with InstaForex ranges from instant withdrawals to up to 6 working days, depending on the payment method used.
Is InstaForex regulated?
Yes, InstaForex is well-regulated in the United Kingdom by the FCA (Tier-1), Cyprus by CySEC (Tier-2), British Virgin Islands by BVI FSC (Tier-3), and Saint Vincent and the Grenadines by FSA SVG (Tier-3).
Can I withdraw profit from InstaForex?
Yes, you can withdraw profits from InstaForex. However, when you have an active bonus or promotion, you may be unable to withdraw profits until the bonus’ terms and conditions are met.
Is InstaForex good for beginners?
Yes, InstaForex is good for beginners. InstaForex has developed a forex trading service for novices that combines a realistic Forex training course with social networking, allowing users to not only learn and connect but also make money.
In addition, another benefit is InstaForex ForexCopy, a service that allows you to imitate successful traders’ trades in real-time.
Does InstaForex give a No-Deposit Bonus?
Yes, InstaForex has a No-Deposit Bonus of $1,000. The No-Deposit Bonus is a set sum credited to customers’ accounts once they register with InstaForex. This offer is only available to InstaForex customers who do not have active accounts and have never earned a bonus previously. In addition, the No-Deposit can only be granted once to new traders who have never held an InstaForex account previously.
Does InstaForex have Nasdaq?
Yes, InstaForex offers Nasdaq under “#NDX” which can be traded commission-free.
Is InstaForex safe or a scam?
InstaForex is not a scam broker but a legitimate broker with multi-regulation, several awards and recognition, various partnerships, and a high trust score.
What is the minimum deposit for InstaForex?
InstaForex’s minimum deposit starts from 1 USD or 1 EUR, which means that Namibian traders can establish an account with a minimum deposit of 15 NAD.
Does InstaForex have Volatility 75?
No, InstaForex does not include Volatility 75 in its extensive portfolio of CFDs on Indices.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Axi?
➡️ What was the determining factor in your decision to engage with Axi?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Axi such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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