What is InstaForex？

InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.

In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

Regulatory Status

InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which oversees its operations within the financial markets.

The firm operates under a Market Making (MM) license, specifically designed for entities that provide liquidity by buying and selling financial instruments. InstaForex's license number with CySEC is 266/15.

Market Instruments

InstaForex offers a diverse range of trading products including Currencies, Shares, Indices, Commodities, and Cryptocurrencies. The accounts associated with the MT4 platform support over 260 different trading instruments, while those linked to the MT5 platform provide access to more than 2500 trading instruments. This extensive selection allows traders to diversify their portfolios and explore various markets using platforms that best suit their trading needs.

Spreads and Commissions

The details about the spreads and commissions for trading with InstaForex are clearly outlined within the account settings. For MT4 accounts, all spreads are floating, while MT5 accounts feature raw spreads.

MT5:

• Synthetic Shares: 0% commission.
• Shares and ETFs: Low commission of 0.01%~0.04%.
• IPOs: Also attract a commission of 0.01%~0.04%.
• Indices: Extremely low commission rate of 0.0015%~0.0025%.
• Commodities: Commission set at 0.02%~0.05%.
• Forex: No commission charged, allowing for cost-effective currency trading.
• Cryptocurrencies: A modest commission of 0.05%, facilitating access to digital asset markets.

MT4:

1. Shares: 0.04~0.11 commission
2. Indices: 0.25~0.95 commission
3. Commodities: 0.024~0.027 commission
4. Forex: 0.00003~0.00010 commission
5. Cryptocurrencies: 0.05%~0.1%

InstaForex Accounts Review

InstaForex offers three account types for both MT4 and MT5 platforms: ECN, ECN PRO, and ECN VIP, each with varying minimum deposit requirements. The accounts linked to MT4 have a lower entry threshold starting from 200 EUR, but they support only over 260 trading instruments. In contrast, the accounts associated with MT5 require a higher minimum deposit of 1000 EUR; however, they provide access to a broader range of over 2500 trading instruments.

Notably, only the MT4 ECN account does not support VPS (Virtual Private Server). This structure allows traders to choose an account that best fits their trading needs and financial capacity.

Trading platforms

Regarding trading platforms, clients have the option to utilize the industry-leading MetaTrader4 and MetaTrader5, both of which are accessible on any device. Traders who require flexibility can download the desktop versions of MetaTrader4 and MetaTrader5, use them directly in web browsers, or download the mobile apps for trading on-the-go, ensuring convenience and efficiency.

However, if you are uncertain about which platform to choose, our team has prepared a detailed article for your reference. This article explores the similarities and differences between the two platforms and provides specific recommendations to help you make an informed decision.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Leverage offered by InstaForex

InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit & withdrawal Methods and Fees

InstaForex also supports familiar payment methods including VISA, MasterCard, Bank Wire, Skrill, and Neteller.

Educational Resources

InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.

Customer Support of InstaForex

InstaForex provides diverse customer support through multiple channels, ensuring that clients can receive assistance at any time.

• Communication Channels:
• Callback Service: Clients can fill out a form specifying their country, preferred language, and desired callback time. InstaForex will then contact them according to their preferences, free of charge.
• Live Chat and WhatsApp: These instant messaging options allow for real-time communication with support staff.
• Email: Clients can reach out via email at support@mail.instaforex.com for assistance.
• Social Networks: InstaForex is active on several social media platforms including Facebook, Twitter, YouTube, Telegram, and Instagram, providing updates and support.
• Service Hours: Customer support is available 24/7, catering to the global needs of its clients.
• Languages: The website supports sixteen different languages, making it accessible to a diverse international clientele.

Frequent Asked Questions about InstaForex

Is this broker well regulated？

Yes, it is currently effectively regulated by CYSEC in Cyprus.

Does this broker offer MT4/MT5？

Yes, InstaForex offers both MT4 and MT5 for you to choose from.

PU Prime Information

PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia, offering popular instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types including Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage. Leverage offered by PU Prime ranges from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.

Regard trading software, PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, known for its user-friendly interface and advanced trading tools.

Is PU Prime Legit？

PU Prime Limited is regulated by the Seychelles Financial Services Authority under a Retail Forex License. The license number is SD050. PU Prime Limited operates as an offshore regulated entity. Additionally, PU PRIME (PTY) LTD is regulated by the Financial Sector Conduct Authority, while the regulatory status is exceeded regulation. The license number is 52218, and the effective date is 2022-03-11.

Pros and Cons

PU Prime offers several advantages for traders, including a wide range of tradable instruments, low spreads, high leverage, and user-friendly trading platforms. Additionally, PU Prime provides excellent customer support, educational resources, and a variety of account types to cater to different traders' needs. However, there are some potential downsides to consider as well. PU Prime charges high non-trading fees, which may be a deterrent for some traders. Additionally, the broker's minimum deposit requirements for some account types may be higher than what some traders are comfortable with.

Market Intruments

PU Prime offers some popular instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.

Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.

Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.

Account Types

As for trading accounts, five options are available: Cent, Standard, Prime, Pro, and Islamic.

The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.

The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.

The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.

Other account features include

• Expert Advisors (EA) trading tool
• Negative balance protection
• Autochartist
• Trading signals
• Daily news update
• Market analysis (daily live-broadcast)
• Economic calendar

How to Open an Account？

• To open an account with this broker, you need to first visit their website and click on the “Live Account” button.

• You will be required to fill out a registration form with your personal information, such as your name, email address, and phone number.

• After completing the registration form, you will need to verify your identity by submitting some form of identification, such as a passport or driver's license. You may also be required to submit proof of address, such as a utility bill or bank statement.
• Once your account is verified, you can proceed to make a deposit. The minimum deposit amount varies depending on the type of account you have selected. You can make a deposit using various payment methods such as bank transfer, credit/debit cards, and electronic payment systems.
• Once your deposit has been processed, you can start trading using the trading platform provided by the broker. You may also be required to complete some additional steps such as setting up your trading account and configuring your account settings before you can start trading.

Leverage

PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment.

Spreads & Commissions (Trading Fees)

Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.

Non-Trading Fees

Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:

Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.

Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.

Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.

Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.

Trading Platform

PU Prime offers two choices of the most popular trading platforms in the industry: MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.

MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.

Here is a table format for the comparison of trading platforms between PU Prime and other brokers:

Autochartist

PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.

Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.

Deposit & Withdrawal

PU Prime offers over 10 deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.

Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.

PU Prime Copy Trading

PU Prime's copy trading feature, facilitated through the PU Social app, can enhance the trading experience, especially for those new to the financial markets.

By using PU Social, users can easily select and follow master traders. This allows them to replicate the trading strategies and results of seasoned professionals directly in their own accounts. Simply choose a professional trader within the app, and start copying their trades to begin seeing similar results in your own trading activities.

This feature not only simplifies the learning curve but also provides a practical way to potentially increase trading success by leveraging the expertise of experienced traders.

Customer Support

PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more.

Educational Resources

PU Prime offers solid educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.

Conclusion

PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to satisfy the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis.

However, the minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.

FAQs

Is PU Prime a legit broker？

Yes, PU Prime is regulated by both CySEC and FSA.

What tradable instruments does PU Prime offer？

PU Prime offers access to popular trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.

What trading platforms are available at PU Prime？

PU Prime offers both the MT4 and MT5 trading platforms.

Does PU Prime offer educational resources for traders？

Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.

What is Autochartist and does PU Prime offer it？

Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.

Is PU Prime good for beginners？

Yes, Pu Prime is a solid choice for beginners, as it is a strictly regulated broker that allows low-budget trading, and it also offers both MT4 and MT5 and solid educational contents.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.