Feedback from traders about the new service of the InstaForex broker - binary options. These assets have a known profitability, the ability to determine risks, as well as different expiration dates. Today, we want to look at what the InstaForex broker offers us in this area.
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Binary options from broker InstaForex - full review, as well as reviews from traders and clients
The international company InstaForex provides its clients with the most optimal trading conditions for binary options, using effective trading technologies. Trading options with InstaForex makes it possible to hedge investment portfolios and receive consistently high profits. In the client account, any owner of a real trading account gets access to binary options for down and up on eleven financial instruments.
- The broker's minimum option price threshold is only $1
- And the maximum is $1,000.
Let us immediately note that numerous reviews point out positively that there are no restrictions on the number of options purchased. Profit on options is calculated by multiplying the base price and the profitability ratio (1.8). To make a profit, one of the selected conditions must occur - at the moment when the option begins to operate, the price must be either lower or higher than the price at the time of its expiration.
After purchasing an option, an amount corresponding to its value is withdrawn from the trader’s trading account. If the forecast turns out to be correct, profit is credited to the trading account and the contract value is returned. If the forecast is incorrect, then only the cost of the option itself will be withheld.
On the page where option contracts are concluded (the “ Forex Options ” section in the client’s account) there is a quote chart with the ability to select suitable time frames. Here (section “Forex options”), in the corresponding subsections, the trader is provided with statistical data on the archives of options and the current options that he has purchased.
Also, traders have access to an archive of quotes, which is located both on the official InstaForex website and in the client account.
In their InstaForex client account, traders have access to down and up options on 72 different instruments. Options can be purchased from accounts opened in dollars, Eurocurrency and Russian rubles. In addition, options trading is available for EUR Cent and USD Cent.
We recommend: Customer reviews and comments about the InstaForex broker
It is also necessary to note that the InstaForex broker is one of the few companies today that offer binary options trading using the Meta Trader 4 trading terminal, specially equipped for this with auxiliary software: IFX Option Trade. The set includes the highest quality technical indicators, automated advisors, scripts, trading templates and much more.
BINARY OPTIONS INSTAFOREX
General information about the InstaForex broker
More than 10 years that have passed since the start of this DC have demonstrated its ability to survive in fairly tough competitive conditions that characterize the field of financial speculation. And, it should be noted, not just survive, but occupy fairly high ranking positions. This is only possible if we constantly work to improve the entire range of services provided and introduce new technological solutions.
The broker's achievements have been awarded more than once, including the title of the best bookmaker in the post-Soviet space (CIS countries), as well as in the Asian and Eastern European regions. In addition, InstaForex received an award for the quality of customer service and for retail brokerage activities.
The company spares no expense in holding various competitions for traders, in which valuable prizes are awarded, including high-end cars. The company's patronage of sports competitions, individual teams and even individual athletes is also noteworthy. Thus, its most famous partners include the English football club Liverpool, chess player Magnus Carlsen, tennis player Victoria Azarenka and many others.
Official representative offices of InstaForex are scattered all over the world, there are already more than two and a half hundred of them. Two dozen such offices are located in major Russian cities. Only Indonesia has more – 36.
The DC has licenses from the Cyprus CySEC, the British FCA and the Russian Central Bank. The presence of such reputable regulators allows the company to maintain its reputation as a reliable and transparent service.
Customer support service
Over the years, InstaForex has developed an effective customer support system, which is reflected in prompt feedback and multifaceted methods of interaction.
The brokerage company's corporate website has a Russian-language feedback form, as well as an online form for contacting consultants. Help on technical, financial and other issues is provided in real time around the clock.
A separate page on the broker’s corporate website contains sections with comprehensive information on all questions regarding the broker’s work and trading conditions.
Terms of trade
The main strategic goals of the InstaForex broker are to introduce innovative technological solutions to create the most attractive and effective trading environment. To achieve the required result, DC from the first steps of its existence entered into an agreement with MetaQuotes Software. The subject of this agreement was the development of a trading platform and its subsequent maintenance. By the way, InstaForex was one of the first to implement MT5.
Traders were not slow to respond to the company’s technological growth with keen interest and desire to join, which gave rise to so many official representative offices of the broker in various parts of the world.
Assets
The brokerage company offers 72 underlying assets for trading:
- Currency pairs are traditional assets for this group, plus several exotic options; there are pairs of currencies with the national currency of Russia.
- Indexes. Assets in this group can be traded at any time. Here are traditional stock indices that are calculated in different countries.
- Shares are the securities of large entities, including Russian corporations.
- Raw materials are the smallest group; there are precious metals and various grades of oil.
The list of underlying assets available for trading is constantly updated depending on the demand of traders.
The undeniable advantages of bookmaker InstaForex
This service has a number of advantages that attract traders in the first place. Well, take, at least, the opportunity to directly withdraw funds involved in trade transactions to the interbank market, without any outside dealers. This allows traders to receive the latest quotes, and trades are executed instantly and at the best price.
To achieve a similar effect, the InstaForex team resorted to launching 8 servers at once, since nothing would have worked without connecting additional capacities. And now, thanks to the location of additional servers in various world regions, quotes are broadcast and orders are executed much better.
We cannot remain silent about the operation of the broker’s trading platform. Traders analyze the market and make deals mainly on MT4. But they also have access to a more advanced and functional version of MT5. In addition, partnership with a software developer made it possible to implement trading terminals for mobile devices on different operating systems. Also, any trader can use a multi-terminal, which allows him to manage not one account, but several at once, and an application for trading BO (binary options).
Help from consultants: ways to get feedback
The company gives every trader from Russia the opportunity to call the toll-free number 8-800-200-07-91. You can also contact via:
- Skype instaforex.support;
- email;
- Whatsapp +79150768811.
Each department of the company has contacts, and you can also contact employees through accounts on social networks.
Trading conditions and their advantages
The main advantage of trading conditions from InstaForex is their availability, which is expressed, first of all, in a very low minimum allowable amount of funds on a trading deposit. This minimum is only 1 dollar. That is, having at least 1 “buck” in your account, you can already start trading.
Margin trading with leverage of 1:1-1:1000 also opens up good prospects; You can reduce the level of risk by hedging transactions. Spreads when opening orders start from 3 points, and transactions with money (deposits and withdrawals) take place within the period specified in the contract from 1 to 3 days.
There is BO trading, as well as the opportunity to invest in PAMM accounts for those who want to make money on Forex, but cannot or do not have the desire to engage in trading. In general, there are more than 5 hundred trading instruments here, they include foreign exchange assets, binary options, metals, and futures. So there is plenty to choose from. There is a service for copying transactions of successful professionals, as well as a flexible bonus system, thanks to which you can receive virtual capital from the DC to your real account.
I would like to pay special attention to the types of trading accounts. There are 4 of them here. Two cents. Cent Eurica and Cent Standard, both with lots 0.0001. For beginners, accounts like Insta Eurica (zero spread) are suitable, and for more experienced traders, Insta Standard has a fixed spread, and you can work in different formats, micro, mini, and standard.
Beginner clients at InstaForex bookmaker pay special attention. They can get comfortable and gain initial experience on free demo accounts, and reinforce their skills with the necessary theory by using the training materials presented on the site. Plus competitions and promotions, where practical skills are not only honed, but also money is earned, which, as an option, can be used as start-up capital. In case of any difficulties or questions, you can always contact technical support managers, because they work around the clock.
Summing up this section, I would like to note that the conditions offered by InstaForex comply with internationally accepted standards and, at the same time, satisfy the interests and demands of the majority of traders, which is confirmed by the constant increase in the number of clients of this company.
Bonuses
The broker runs a huge number of promotions and tournaments in which registered traders can participate. They are seasonal, most often dedicated to some event. Conditions of participation are sent in advance by email to clients and are available on the website.
Each newcomer can receive from the company a no-deposit bonus equal to $1,000. You can withdraw this amount by making a trading turnover equal to $25,000. The advantage of this incentive is that the profit from the increase is available for withdrawal at any time.
The broker makes presentations not only to newcomers, but also to clients who have been cooperating with him for a long time. For replenishing your account you can get up to 100% of the amount. Of course, this gift is also subject to a fee. However, profits from such bonuses are available for withdrawal at any time.
Binary options trading from InstaForex
The desire to keep up with advanced technologies and provide high-quality services motivates the team to expand the existing set of trading tools. In this regard, the broker decided to introduce binary options among them, which should have increased the interest of users in cooperation with this particular company. And I must say, the strategy worked.
The rules and opportunities for trading these derivatives can be found in your Personal Account. Briefly, it looks like this: you can trade both on the MT terminal and on the web terminal directly from the browser, up and down options are available for seven dozen instruments (currency pairs, precious metals, CFDs) for account holders in rubles, eurocurrencies and in dollars.
BO can be intraday and urgent. The first ones are limited to a period of one day (minimum 1 minute), and urgent ones have a validity period of up to 4 weeks. On the page for concluding contracts there is a quote chart with the ability to select a time frame, which greatly simplifies the work.
This instrument attracts traders with predictable profits and limited risk. The profitability coefficient for both types of options is 1.8. That is, if you entered into a contract and won, you will receive into your account an amount equal to the cost of the option plus profit; if you lose, you will lose exactly as much as the BO costs. In a word, this instrument really has a number of advantages - it does not require complex strategies, possible risks and profits are known in advance, a fairly high rate of return and there is a chance to earn money in any market situation.
Review of price charts
These graphs are located at the bottom of the page:
Fig.6
First of all, we note that such rare candles occur in the morning hours during the Asian session. Therefore, trading at this time is highly not recommended, especially on small timeframes (M1, M5), because Most likely, the option will close at the opening price, which means you will lose. As a last resort, trade at least on the M15 and higher intervals.
There are certain nuances in the chart itself that must be taken into account in order to reduce the risk of loss.
If you want to trade on charts in the form of lines (upper left button), then you cannot pay attention to the color of the line, for example:
Fig.7
The closing price at the point shown by the left arrow was 1.3911, and at the point shown by the right arrow - 1.3915. In other words, the price goes up, as shown on the chart. Only the color let us down: for some reason in this segment it is red, although it should be green. An attempt to clarify this point with the support service was unsuccessful. Therefore, if you want to trade on lines, trade, the movement of the lines is shown correctly, and do not pay attention to the color. Absolutely.
A very important button is “Update period”. Be sure to set some value there, otherwise the graph will not move (update) and you will make incorrect decisions based on outdated data.
You can update the chart manually using the Refresh button. You will definitely need this button when setting the chart type (candlestick, bar, line) and timeframe, since automatic chart changes are not provided here, as, for example, when setting another currency pair.
The red buttons (under the graph, in the middle) allow you to view the history, and the gray ones (Zoom) allow you to increase or decrease the image.
A very important point: if you are trading on a certain pair and have completely customized the chart to suit you, and then switched to another tab (for example, Current Options) and soon returned back to the main page, then all your settings will be completely reset. You will have to set up the schedule first or... don't go anywhere with it. Of course, this is inconvenient for traders, but this is how the platform is made, you have to get used to it.
Conclusion: the InstaForex trading platform is not the most convenient for traders, but it does allow for profitable trading, the main thing is to get used to its features.
Good luck and big profits!
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Article information
The same BOs from InstaForex – an alternative opinion
We decided not to limit ourselves to describing the conditions from the company itself, but to present to you the opinion of individual traders regarding the same binary options trading. It turns out that not everyone is delighted with the bookmaker’s initiative to introduce trading in these contracts. Or rather, I like the idea itself, but its implementation is not very good.
Traders note that from the first transactions it becomes clear that the company’s main focus is on Forex, and BOs give the impression of a by-product. Fans of short-term trading are generally disappointed, since it is simply impossible under the proposed conditions. Therefore, according to many, DCs need to adjust BO trade to generally accepted standards and not try to reinvent the wheel.
And even more often there is an opinion (and one cannot deny its logic) that BO trading should be carried out with brokers specializing in this type of trading, and InstaForex should leave its work on Forex. In short, a shoemaker should not bake pies, and a cake maker should not make boots.
Investing in PAMM accounts
Another way to make money with InstaForex is to invest in PAMM. Earning money is passive and does not require special knowledge or a lot of time, so it is suitable for many.
But from the very first steps, some difficulties await you here. The fact is that the interface of the company’s official resource is quite confusing, and finding these same PAMM accounts there is quite difficult. We will show you how to do this quickly and without problems. Find “Forex services” in the menu, from there go to “PAMM system”, and then to “monitoring”.
Everything here is simple and clear, and, most importantly, convenient. Firstly, the data can be viewed in full screen mode, which is good, since the font, to put it mildly, is small and difficult to make out. Secondly, profitability columns for different time periods (day, week, month, etc.) are easily added in one click. And in addition to this, the “current investors” column is available, by which you can judge the popularity of the account.
Well, the principles for choosing a manager here are no different from the generally accepted ones. It is necessary that the account is “aged”, that is, it has existed for at least six months. The amount of funds under management is also important, as is the number of investors - in both cases, larger figures are preferable. And also pay attention to profitability, and not so much its numbers, but its stability.
Summing up the prospects for investing in the bookmaker in question, we can say that this business is profitable and reliable, you can get a stable passive income. The only significant, but still surmountable, disadvantage is the confusing interface, but once you understand it, you can work calmly and fruitfully.
Education
To train registered users, the InstaForex broker has organized a section with high-quality training materials. It contains a large number of video lessons and other alternative materials in an accessible form:
- webinars;
- e-books;
- master classes.
The official InstaForex website contains a huge amount of important information: analytics, calculator, economic calendar, exchange tables, etc. For example, thanks to the “Trader Alarm Clock” application, you can monitor asset price fluctuations. When the value of an asset reaches a certain level, an alert will be triggered in the gadget.
Account replenishment, withdrawal of funds, demo account InstaForex
Opening an account is available by transferring to a deposit only 1 dollar or an equivalent amount in rubles (ruble accounts are available). The same amount is also the minimum bet. It is clear that replenishing the deposit with the minimum allowable bet amount does not make much sense; it is unlikely that it will be possible to disperse the account from such an amount. But this is a good move for a broker, demonstrating its accessibility and democracy.
You can deposit and withdraw money in many ways, but the most commonly used are bank transfers and cards, Yandex.Money, QIWI, Bitcoin, etc. (Webmoney is missing). As for the demo account, it is opened in your Personal Account. It is not necessary to top up, you just need to register.
Training course
Today, not a single self-respecting Forex broker can do without his own training program. Not all of these programs are equally good and effective, but they are there. And InstaForex is no exception in this case.
It is impossible to say that the company somehow stands out in this sense. But judging by user reviews, the program generally fulfills its task.
Each new client gets the opportunity to learn the basics of the foreign exchange market in 3 free classes. Distance learning is carried out via Skype. Here you can get acquainted with the basics of the Forex market, understand the types of analysis and gain an understanding of a number of other things necessary for further work. You can deepen your knowledge at seminars and webinars regularly held by the bookmaker, as well as by studying video materials posted on the official InstaForex resource.
Trader registration
To register on the official InstaForex website, you need to fill out the following form on the main page:
The registration procedure will not take much time; you must enter the following data in the form fields:
- FULL NAME;
- e-mail;
- contact phone number;
- a country;
- consent to receive training materials by email.
After filling out the fields of the registration form, you must document all the information entered, otherwise you will not be able to trade on the broker’s platform. To verify the data, you must send scans of your passport, as well as a document confirming your registration, to the broker’s e-mail address. If the deposit will be replenished by transfer from a bank card, then you must send scans of it on both sides with a closed secret code.
Let's summarize
Let's start with the fact that there are a lot of reviews about InstaForex online. And, as usual, there are both good and bad among them. True, it is somewhat surprising that good reviews are concentrated on some sites, bad reviews on others. It seems that some of them are custom-made, although there are too many of them for custom-made ones. Well, yes it is, thinking out loud, nothing more.
And to be specific and to the point, the site being considered today has proven itself well for a long time. It is considered reliable, it has been on the market for a long time, and this alone suggests the correctness and effectiveness of the chosen course.
We discussed the advantages of InstaForex BC during the course of the article - these are a low minimum deposit, small spreads, leverage, various opportunities for deposits/withdrawals, hedging transactions, and much more. The obvious disadvantages are the site’s confusing and difficult to understand interface. As for negative reviews about binary options trading, you can only check their objectivity through your own experience. Good luck!