InstaBinary is a binary options trading platform connected to the InstaForex brokerage company. InstaForex is a major retail forex and CFD broker that has been active since 2007, and offers trading on the large third-party platforms MT4 and MT5. InstaBinary was developed to provide retail traders with a separate proprietary trading platform with a focus on binary options.
Trading Platform Experience
InstaBinary offers binary options through a dedicated, proprietary, web-based platform. The system is simple: select an asset, choose expiry time, set trade size, and decide whether the price will move up or down.
The structure is similar to other binary options platforms, focusing on fast-paced speculative contracts with highly liquid underlying assets. Expiry times are short-term, ranging from 30 seconds to one hour. Payouts are between 70% and 85%, depending on the asset and market conditions. This is a little low compared to some competitors that will pay out up to 90-95% under certain conditions.
As is usual for proprietary binary options platforms, InstaBinary is focused on simplicity and is really beginner friendly. It does not have much to offer for more advanced traders who want sturdy support for technical analysis, algorithmic trading, etcetera. If you need such features, it is better to move over to InstaForex and use MetaTrader 4 (MT4) or MetaTrader 5 (MT5) instead, since they both have a lot to offer in that regard. InstaForex does not offer binary options, but you can use Contracts for Difference (CFDs) to gain exposure to underlying assets.
Underlying Assets for Binary Options
The binary options at InstaBinary cover a fairly small number of underlying assets. Traders who want to trade a wider range of assets will typically go over to InstaForex instead to gain exposure to a wider range of forex pairs, metal commodities, energy commodities, stock indices, individual stocks, and cryptocurrencies. You´ll even find commodity futures on that platform, for both hard and soft commodities. So, if the selection at InstaBinary begins to feel too narrow, but you are pleased with the broker in other ways, you can always head over to InstaForex to get access to a much larger selection of assets to speculate on.
Regulation and Reputation
InstaBinary is operated by the broker InstaForex and is a part of the InstaFintech Group. The InstaFintech Group operates through multiple companies in different jurisdictions, and the situation is opaque when it comes to knowing exactly which one of them that is responsible for and controls InstaBinary.
Examples of companies included in the InstaFintech Group are Instant Trading Ltd (British Virgin Islands), Insta Service Ltd and Insta Global Ltd (Saint Vincent and the Grenadines), and Instant Trading EU Ltd (Cyprus).
Established back in 2007, InstaForex has a long history in the trading industry and a larger client base than most binary options brokers, and this longevity adds credibility compared to newer brokers. However, because the binary options platform is separate and operated through an offshore entity (or possibly entities), it should still be considered high-risk.
When it comes to online reputation for the InstaBinary platform, trader reviews are mixed. Some highlight the convenience of the simple platform, while others point to difficulties with withdrawals, unrealistic trading requirements tied to bonuses, and inconsistent customer support.
The InstaFintech Company Sphere
InstaFintech is a large company sphere that includes brands such as InstaForex, InstaBinary, IFXBIT, ForexMart, and FX.co. Collectively, the brands serve millions of traders around the world.
Instant Trading Ltd. are licensed by the BVI (British Virgin Islands) Financial Services Commission under the SIBA regime. License No. SIBA/L/14/1082).
Instant Trading EU Ltd. is licensed by the Cyprus Securities and Exchange Commission (CySEC). License No. 266/15. Cyprus is a member of the European Union and companies operating with a CySEC license must therefore also adhere to EU law and regulations, and comply with European Securities and Markets Authority (ESMA) rules.
Investigative reports suggest that the co-founders Ildar Sharipov and Sergey Mayzus are still exerting significant influence over the InstaFintech company sphere, but this has not been confirmed, and it is also quite possible that Mayzus has left the business. Ties to Russia can increase counterparty risk for traders, as international sanctions against Russia are intensifying as a result of the war in Ukraine. I
Ildar Sharipov used to be both the President and major shareholder of InstaForex. In 2018, the UK’s Merseyside Police froze approximately £1.6 million of Sharipov’s assets during an investigation related to money laundering and fraud involving a company linked to him, Grizzio Ltd.
Sergey Mayzus co-founded InstaForex with Sharipov, and has also been involved in the payment processing services Mayzus Financial Services Ltd and OKPay. In 2018, Mayzus Financial Services Ltd had its license revoked by the UK’s Financial Conduct Authority (FCA) due to regulatory concerns. Mayzus has also faced legal challenges in several other countries, including the Czech Republic.
In 2013, a significant dispute arose between the two co-founders, as Mayzus accused Sharipov of misappropriating company assets, carrying out unauthorized share transfers, and engaging in actions that led to the revocation of licenses in certain jurisdictions. This dispute resulted in Mayzus transferring his intellectual property rights and shares in InstaForex to Sharipov.
Officially, the InstaFintech Company Sphere is no longer controlled by neither Maysuz nor Sharipov, and it has been under the official leadership of other individuals in recent years, including Dmitry Savchenko. Savchenko is a prominent figure in the Russian financial and fintech industries, with leadership roles in both InstaForex and the payment service company Peratera.
Bonuses
InstaBinary is not supervised by any of the stricter financial authorities and trader protection rules are very lax. Therefore, the broker can offer bonuses with opaque or vague terms and conditions. Before you accept any bonus, make sure you fully understand how it works. Bonus terms and conditions, including high turnover requirements, can freeze your account and make it impossible to withdraw any money (including deposited money) before the requirements have been fulfilled. This practice can effectively trap your funds until large trading volumes are met.
Deposits and Withdrawals
InstaBinary supports a wide range of payment methods, including bank cards, wire transfers, e-wallets such as Skrill and Neteller, and in some regions, cryptocurrency.
Minimum deposits are low, making accounts accessible to small-scale traders. Withdrawals are an area of frequent complaints. Traders report delays, additional verification requests, and inconsistent processing times. While InstaBinary is more established than many offshore brokers, it still suffers from issues that have plagued the binary options industry broadly.
Deposits using Neteller and PayCo are usually instant. Bitcoin, Litecoin, and Tether will normally take less than 3 hours. VISA, MasterCard, Skrill, and PayLivre will normally take less than 24 hours. Bank transfers can take several bank days. For most deposit methods, InstaBinary will not charge any processing fee, but there are exceptions, such as certain bank transfers.
Withdrawal requests are processed Monday – Friday from 10 am to 7 pm UTC+3. InstaBinary will normally charge a fee for processing your withdrawal request, so make sure you check on this in advance. One notable exception is Tether via B2BinPay. Tether via B2BinPay is also the fastest method, since you can expect for the processing time to be less than 3 hours (during the processing hours stated above). The other cryptocurrencies (Bitcoin and Litecoin) can need up to 7 working hours, although it is sometimes considerably quicker. Other examples of methods that take up to 7 working hours are Skrill and Neteller. PayLivre takes around 24 hours, while bank cards (VISA and MasterCard) and bank wire can take several bank days.
The minimum withdrawal for bank cards and e-wallets is just $1, and for cryptocurrencies it is just the equivalent of a few USD, so all these are good choices for traders who want to be able to make small withdrawals. (Be mindful of the processing fees, though.) Other transaction methods can have higher thresholds. You can for instance not withdraw less than $300 through wire transfer.
InstaBinary uses the same transaction processing system as InstaForex.
Customer Support
Customer support is available via email, live chat, and phone. Response times are generally faster than with smaller offshore-only binary options brokers, reflecting that InstaBinary is a part of the InstaForex family and makes use of that infrastructure. If you are using both InstaBinary and InstaForex, you do not have to contact two different support departments.
Live chat is available 24/7 if you go to the InstaForex Support Portal at the InstaForex site.
For email support, contact support@mail.instaforex.com, support@instaforex.com
For phone support, submit a callback request via the Client Area at the InstaForex site.
https://cabinet.instaforex.com/client/contact_us/send/. This way, they will call you, and you don´t have to pay for the phone call.
Telegram: @ifx_support
General support and technical support is available 24/7, but the financial department and the dealer department is only open Monday- Friday from 8 am to 5 pm (UTC +00/GMT).
Why Are Traders Choosing InstaBinary?
Traders who want to access retail binary options but are hesitant about the trustworthiness of offshore binary options brokers sometimes pick InstaBinary due to its connection to the well-established InstaForex brokerage platform. Even though they are still dealing with an offshore entity based in a lax jurisdiction, they feel that the InstaForex brand adds some credibility. Unlike many newer binary options companies that disappear after a few years, InstaForex has been around since 2007 and is well known in the retail trading industry. Traders who prefer working with an established name rather than an unknown offshore startup may therefore gravitate toward InstaBinary.
There are also traders who appreciate that they can use the same account for both InstaBinary and InstaForex. If you outgrow the limited asset offering at InstaBinary, it is easy to click yourself over to InstaForex. At InstaForex, you will also get access to the large third-party trading platforms MT4 and MT5, which provide much more support for advanced trading compared to the simple binary options platform. You can use the same login credentials (account number and password) for both InstaBinary and InstaForex, and both sides are tied to the same client cabinet (your personal area). Deposits and withdrawals are made from the same account, and you do not need to go through two separate processes to verify your identity and residency.
Traders also benefit from InstaBinary being a part of the InstaForex ecosystem when it comes to transaction. There are many different transaction methods to chose from, since InstaBinary is using InstaForex´s well-established infrastructure for this.
The InstaBinary trading platform is simple and beginner-friendly, and some traders prefer to learn the basics on this platform before moving on to InstaForex and get familiar with the more advanced platforms MT4 and MT5. For beginners, it is also a plus that InstaBinary accepts $10 deposits and withdrawals, as most beginners star with a small budget.