Instaforex.com Broker Review
Trying your luck at something new could be a fun and satisfying experience. Should this new thing happen to be something that will bring you some extra cash and prove to be an activity you are good at or even excel in, is even better. One such activity is trading on the Forex market. Who said that trading is only for people working with big corporations and handling large amounts of money? This new system is available to anyone willing to give it a try and gain something out of the experience. All you need is an incentive and you are about to get one!
There are several brokers out there willing you give you a helping hand in starting your trading activity. If you have never done this before, nor have any grasp on the matter, you will be slowly taken through the entire process and then taught how to work it yourself, in your best interest. The Chinese say that to give a man a fish is to feed him for one day, but if you teach him how to fish, you feed him for a lifetime. The trading system works the same and the InstaForex broker will “teach you how to fish”. For capital, of course!
InstaForex ( visit the company site: www.instaforex.com ) is a group of investment and financial companies operating in Russia, Europe and Asia. It has 250 representative offices worldwide and more than 500.000 individual and corporate clients. The transparent and reliable instruments used by the trading group allow institutions and individuals to invest in exchange and stock markets. According to the World Finance British Magazine, the group is the Best Broker in Asia, a title it has managed to obtain for three years in a row at the World Finance Awards. A full list of awards recommending the activity of the company is available on the web page.
There is a minimum deposit required by the company from all newcomers on the trading market, and it is set at an amazing sum of $1. This will allow you to start trading according to the specification of your training. Also, newcomers can benefit from a large number of training possibilities such as online tutorials, video demonstrations or online courses, anything just to get you started and see how simple it is.
To make sure that you do not lose any money and suffer from a severe flop at your first interaction with the trading market, the brokers at InstaForex have made sure that you have at your disposal the instruments to make sure that you are fit for the job. You can first try your hand at trading with the online demo put at your disposal by the company. All you need to do is to download a program that will guarantee you access to the trader’s terminal. After you have installed the program you can make your own setting regarding your study account and start learning how to operate the system. Once you have a hang of it, you can start dealing with real money.
Can anyone vouch for the trustworthiness of the InstaForex Company? Yes. The group is regulated by the Russian Association of Financial Market Members, the RAFMM. The goal of the institution is to develop and support trading services by providing the market participants with the maximum security for their transactions. The members are compelled to get certificates and licenses for specific types of activities. It also deals in dispute mediation, personnel affairs, education on the matter, procedural and institutional aspects etc. They have a goal to insure a transparent and safe environment for market transactions.
As far as the spread required from all market participants when setting a deal is concerned, the value can vary from a classical spread and no fee and can reach even 3-7 pip. The advantage of this system is the fact that the trader can change trading leverage so as to suit his intended transaction. As far as leverage is concerned, users can choose between 1:100, 1:200, 1:500 and 1:1000. When properly understood, the leverage system allows the users to gain a significant amount of money, more than the initial pledge (warranty) implied by the transaction.
The withdrawal process is a bit demanding because all of your information being used online and no face-to-face contact having been made requires the company to be extra careful with whom they are sending your money to.
There are many ways in which you can make a withdrawal:
- Either by bank transfer,
- wire transfer,
- PayPal or
- other online payment services.
There are two platforms used by the company when making transactions: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The MT 4 is the one you download with the company free demo, which means that if it the system used to train newcomers to the market, it cannot be hard to handle. The terminal allows you to receive real time quotations on the market and settle deals on the Forex trading market. It can also be used to receive company news and reviews.
There are a lot of tools out there, available to the people with a bit of initiative and some willingness to take a chance and risk a few dollars in the attempt to gain more. Moreover, the instruments presented above do not represent a major risk for the common man trying his hand at the trading hand, but are rather a learning tool which can allow him to get some insight of how the system works and dive in only when he is good and ready. Practice makes perfect, and, in this case, practice makes money.