Account Type
InstaForex offers a variety of account types to cater to different trading needs and preferences. Here's an overview of the main account types available:
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Insta.Standard Account: This account type allows traders to access all trading instruments in InstaForex with fixed spreads ranging from 3 to 7 pips. There is no additional fee for trading, and the minimum deposit required is $1 USD. The account offers a leverage of up to 1:1000.
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Insta.Eurica Account: This account type features zero spreads but charges a commission of 0.03% - 0.07%. It is suitable for traders who prefer trading without spreads. Like the Insta.Standard account, the minimum deposit is $1 USD, and the maximum leverage is 1:1000.
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Cent.Standard Account: This is similar to the Insta.Standard account but with a focus on micro trading. The account uses cents as the base currency, with a maximum deposit limit of $1000 USD. It offers fixed spreads from 3 to 7 pips and no additional fees.
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Cent.Eurica Account: This account is similar to the Insta.Eurica account but with trading in cent denominations. It also has a maximum deposit limit of $1000 USD and charges a commission of 0.03% - 0.07%. The account offers zero spreads and is designed to minimize trading risks, making it suitable for examining trading strategies with minimal risk.