InstaForex Fees and Spreads
InstaForex Fees and Spreads
InstaForex fees spreads and commissions start from 0.03% – 0.07% and spreads from 0.0 pips.
InstaForex has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips with zero commissions depending on the account the trader uses.
InstaForex trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Standard Account – minimum deposit of $1, spreads from 3 pips, zero commissions and leverage of up to 1:1000
- Eurica Account – minimum deposit of $1, spreads from 0.0 pips, commissions from 0.03% to 0.07% and leverage of up to 1:1000.
- Standard Account – minimum deposit of $1, spreads from 3 pips (and higher), zero commissions and leverage of up to 1:1000.
- Eurica Account – minimum deposit of $1, spreads from 0.0 pips, commissions from 0.03% – 0.07% and leverage of up to 1:1000
The difference between the account types is that the Insta Accounts have a minimum lot size of 0.01 lots and a maximum of 1000 lots whereas the Cent Accounts provide traders with the minimal trading volume possible ($0.1) and is ideal for practicing trading.
The minimum deposit that InstaForex requires to open an account is $1 which substantially lower than what other brokers require when traders open an account.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
There is no indication of whether InstaForex offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
InstaForex does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
InstaForex does not charge any deposit fees or withdrawal fees, but withdrawals may be subjected to commissions charged by the payment provider traders use when withdrawing funds from their trading account.
There is no indication of whether InstaForex waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.
There may be additional fees that are not mentioned in this article and traders will need to verify with InstaForex regarding additional fees before opening an account.
Pros and Cons
|1. Tight and competitive spreads||1. None noted|
|2. Low minimum initial deposit amount|
|3. Fixed commissions on trades|
|4. Low commissions when compared to other brokers|
How many instruments can I trade with InstaForex?
You can trade the following instruments:
- Oil and Gas
- Commodity Futures
Which platforms are supported by Instaforex?
InstaForex provides the following popular trading platforms:
- MetaTrader 4
- MetaTrader 5
- InstaForex WebTrader
- InstaTick Trader
Does Instaforex offer leverage?
Retail clients have access to leverage of between 1:1 and up to 1:1000 regardless of the account the trader uses.
What spreads can I expect with Instaforex?
Spreads from as little as 0.0 pips.
Does InstaForex charge commission?
Commissions of between 0.03% to 0.07% are charged when using the Insta.Eurica and Cent.Eurica accounts.
Is InstaForex regulated?
Yes, InstaForex is regulated by the highly reputed by CySEC in Cyprus, FCA in Saint Vincent, and BVI FSC.
Is InstaForex a recommended forex trading broker for experts and beginners?
Yes, InstaForex is suitable for both beginner and expert traders.
What is the overall rating out of 10 for InstaForex?