ForexCopy: A Comprehensive Guide for Instaforex Investors
Just choose a trader, and then you can set up automatic copying of the trader’s activity. It takes just a few minutes to do, and you can also become a trader that other people copy. In the world of forex, a scalping strategy is when traders make very quick trades with large volumes which gives them small, but safe profits each time. The fees and the minimum deposit are the same as on the ECN account, but you need to get the scalping account if you want to trade forex by scalping.
InstaForex offers multiple payment methods, such as deposits via Bank Card, Bitcoin, Litecoin, Ethereum, Tether, PayCo, Neteller, Skrill, and Online deposit. Once you’ve found a trader you want to copy, click on their profile or select “Copying”. To access the ForexCopy menu, click on “Company’s Services” and choose “ForexCopy” menu.
You can connect your tablet or phone to the VPS, and you can use it for nearly free with this service. The server is best for traders who want to trade at night, outside of normal trading hours. All brokers have an incentive to educate their clients to become better traders – and InstaForex takes this job very seriously. A unique feature of InstaForex is its copy-trading capability provided via the so-called forex Copy system. Essentially, this feature enables users to watch expert traders at work and copy their trades instantly by just clicking a button.
Insta.Standard 👤
Deposits are very easy as there are several options you can use to put money on your account balance. Clients can transfer funds via ePayments, PayCo, Skrill, Neteller, Trustly, SoFort, and many more e-wallets. Naturally, you can also use wire transfer or just make deposits through your credit or debit cards.
Among other things, InstaForex has gotten accolades for having the best copy-trading platform in the UK, as well as being the best broker in Asia, and the best ECN broker in Europe. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries. And then, there are around 300 trading instruments offered by InstaForex for traders.
You can also get regular news from the broker’s Youtube channel – this includes analyst opinions, predictions, global events, and interviews of numerous guest analysts. The channel also monitors MT5 fxcriticals and posts the most popular articles and comments in regular videos. InstaForex is one of few brokers that actually keep their promises about bonuses. If the Master you’ve chosen xcritical reviews meets the above criteria, then you can start copying them.
Top Features
The Scalping account uses the same average float spread of 1.2 pips and is used exclusively for making quick, low-profit deals. This is one of the forex trading strategies that’s not allowed with most other brokerages, making InstaForex great for traders who use this method. The Insta.Standard account is for all kinds of traders and has fixed spreads ranging from 2 to 7 pips, therefore, some fees are low and some are high.
ForexCopy: A Comprehensive Guide for Instaforex Investors
The company began offering its clients MetaTrader 4, and it was one of the first brokers to do so. InstaForex offers investing, competitive trading, and a large client base, and it has become one of the leaders in trading as a result. On the downside, there are many cheaper brokers with arguably more potent platforms and research capabilities. Nonetheless, InstaForex does a good job of providing for forex traders, regardless of their skill level and starting budget.
User Experience
- This is the basic retail account that supports trading with EUR, USD, and GBP as base currencies.
- MT4 lets traders multitask by sending market orders and pending orders at the same time.
- Commissions between 0.03% and 0.077% are charged on certain accounts, and the withdrawal fee is between 1.5% and 1.8%.
- The account has a fixed 2-7 spread fees and offers instant trade execution.
- The OYS Account keeps trading on your side, and InstaForex earns a fee only if you earn a profit.
Nonetheless, this is a great option to have, especially if you want to have a closer insight into the strategies of seasoned experts. Only a few forex brokers like eToro have solid copy-trading capabilities, so this feature is a testament to InstaForex’ competitive edge. InstaForex is an international forex broker that provides an accessible trading platform to a whopping 7 million customers worldwide.
However, if there are signs of the Master’s performance declining, you should consider stopping your investment. Ensure you can meet the minimum investment and commission required to copy the Master. After completing the steps above, you can now use InstaForex Copy Trader comfortably and safely. Opening an account with InstaForex is quick, simple, and fully-digital. To get started, you need to fill a standard application form with your information and accept the terms of agreement.
Trading futures is tricky, but Insta-Futures is an innovative way to go about the process. This is the basic retail account that supports trading with EUR, USD, and GBP as base currencies. The account has a fixed 2-7 spread fees and offers instant trade execution. InstaForex offers a plethora of charting tools and news feeds through its platforms, and 30 analysts provide their research to the broker’s clients. Some of these researchers provide more comprehensive data and stronger arguments than others, but you can take your pick and choose the ones that seem the most precise. InstaForex sticks to the classics when it comes to trading platforms.
There are only two options for trades, MetaTrader 4 and its younger, faster sibling, MetaTrader 5. All in all, the offer of financial instruments is very comprehensive and includes just about everything a xcritical official site currency trader can wish for. However, this might not be the perfect choice for devoted CFD traders because InstaForex’ list of products falls short to those of top CFD brokers in the business today. The brokerage is mainly focused on user-friendly forex trading and has won over 30 awards in this area.
Trading crypto since 2015, now I am also a forex trader who uses technical analysis to forecast market structure. Sometimes I use price action and combine it with several indicators such as Moving Average, MACD, RSI, etc. The pending order is copied to the ForexCopy follower account when it is executed on the ForexCopy trader account. On this page, you will see a list of Master traders available to copy. That is a filter you can set to find Masters with the desired criteria based on criteria like risk, balance, equity, total trades, etc. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer.