Traders Union: InstaForex is one of the best PAMM Forex brokers

For new investors or those who have been out of the game for a while, managed PAMM accounts allow you to trade in the world’s most liquid market passively, and there are many PAMM brokers available with this feature. As a result, Traders Union’s experts have rated InstaForex as one of the best PAMM brokers for you.

If you’ve been researching forex managed accounts, you’ve probably come across the term “managed PAMM accounts.” With the help of a PAMM broker, investors can trade passively by delegating the labor-intensive task of buying and selling to an expert forex trader. With that said, InstaForex has been named by Traders Union as one of the best brokers for you, and for good reasons.

How To Select a Suitable PAMM Broker

According to TU, here is a list of recommendations and parameters to consider when choosing a suitable forex broker that offers PAMM accounts:

Year established: The older the broker, the more experienced it is, and the better it is protected from external economic risks. TU does not recommend working with PAMM service brokers who are younger than 3-5 of age.

The site’s age: If a broker claims to have been in business for 15 years, but his website’s domain was registered in 2017, he is already deceiving you. Before using a domain, TU recommends that you check its age using specialized services. 

Regulators: The regulator may be local or international, and the license number may be checked on the regulator’s official website. 

Minimum deposit: PAMM accounts can have their own minimum deposits, and if they exceed $500, a novice investor should consider another option because it is not prudent to risk trading large sums of money when first starting out in the Forex market.

Payment system: The majority of brokerage firms accept Visa and MasterCard. However, it is sometimes more cost-effective to deposit or withdraw funds via Skrill or wire transfer. Always double-check the size of the commission to prevent overpayment.

Another parameter that requires your attention is the “Deposit Bonus.” These bonuses are significant at many brokers, but they may not be applicable to PAMM accounts.

Why InstaForex?

InstaForex is a global company that has been operating in the Forex currency market since 2007. Today, more than 7 million traders worldwide use the services of this broker. InstaForex provides its clients access to 300 trading instruments, including the PAMM Investment and ForexCopy systems, which allows them to copy the trading of successful traders. The British Virgin Islands Financial Services Commission (FSC) regulates the company’s activities in accordance with the Securities and Investment Business Act.

According to Traders Union research, InstaForex is appropriate for both active and passive trading, as well as for both novice and experienced traders. Novice traders can access demo accounts with virtual money and cent accounts, with a $1 minimum deposit. One of InstaForex’s distinguishing features is the volume of one lot: 1 Instalot equals 10,000 units of the base currency, which is ten times less than the standard lot volume.

Investment programs by InstaForex

1. ForexCopy: ForexCopy is a company service that allows you to copy the trading of successful traders, even when there is no trading terminal. All active traders are added to public monitoring, which helps the investor choose a successful signal provider. After connecting to a trader, trades are copied automatically.
2. PAMM accounts: InstaForex PAMM system allows you to earn passive income by investing money in PAMM accounts with different profitability levels. According to TU, the PAMM system from InstaForex allows its participants to control all ongoing operations, as well as automatically monitor the amount of profit received.
3. Affiliate programs: Participation in Instaforex affiliate programs helps traders earn additional income by attracting new clients to the broker.

Reviews from Traders Union experts show that InstaForex is a forward-thinking broker dedicated to providing a high-quality and flexible trading experience. According to Traders Union, a broker is a viable option for novice and experienced traders.

Company name – Traders Union

Website https://tradersunion.com/