InstaForex offers various account types for different trading needs. With low deposits, flexible options, and competitive conditions, InstaFX caters to all experience levels.
Overview of Instaforex Account Types
InstaForex provides traders with a diverse selection of account types designed to meet a wide range of trading needs, objectives, and experience levels. Each account type offers its own set of features and competitive trading conditions, ensuring flexibility and accessibility across the board.
The four primary account types available at InstaForex include:
- Insta.Standard Trading Account
- Insta.Eurica Trading Account
- Cent.Standard Trading Account
- Cent.Eurica Trading Account
These account types cater to different trading strategies and experience levels, allowing traders to select the option that best aligns with their financial goals and trading preferences. With low minimum deposit requirements and varying fee structures, InstaFX ensures that every trader has the tools they need to succeed in the forex market.
Insta.Standard Trading Account
The Insta.Standard Trading Account offers standard trading conditions and provides traders with full access to all the financial instruments available on InstaForex's platform. This account type supports both EUR and USD as base currencies and requires a minimum deposit of just $1 or 16 ZAR, making it highly accessible for traders of all levels. There is no maximum deposit limit, giving traders the flexibility to invest as much as they wish. The account features spreads ranging from 3 to 7 pips with zero commissions charged on trades. Microlot trading is available, allowing traders to engage in smaller, more controlled trades with a maximum trade volume of 10,000 lots. Traders can benefit from high leverage of up to 1:1000, along with a margin call level set at 30% and a stop-out level at 10%. Additionally, this account offers an interest rate of 5%, making it a competitive choice for a wide range of traders.
Insta.Eurica Account Features
The Insta.Eurica Trading Account is unique in that it eliminates the need for traders to pay an upfront spread when executing trades. Instead of spreads, commissions ranging from 0.03% to 0.07% are charged on each trade. This account type is designed for traders who prefer transparent pricing without worrying about spread fluctuations. The Insta.Eurica account supports both EUR and USD as base currencies and requires a minimum deposit of $1 or 16 ZAR, with no maximum deposit limit. Like the Insta.Standard account, it allows microlot trading and supports a maximum trade volume of 10,000 lots. Traders benefit from leverage of up to 1:1000, and the account maintains a margin call level of 30% with a stop-out level of 10%. Additionally, this account offers a 5% interest rate, providing an appealing option for traders seeking a cost-effective and flexible trading experience.
Cent.Standard Trading Account
The Cent.Standard Trading Account is specifically tailored for beginner traders who want to experience live market conditions with minimal risk. This account allows for very small trading volumes, with trades starting as low as $0.01, making it ideal for newcomers who want to practice and build confidence. The account operates with EUR and USD as base currencies and requires a minimum deposit of just $1 or 16 ZAR, with no limit on maximum deposits. Spreads start at 0.0 pips, but commissions of 0.03% to 0.07% are charged per trade. Microlot trading is supported, and traders can execute trades up to a maximum of 10,000 lots. The account offers leverage of up to 1:1000, with a margin call level set at 30% and a stop-out level of 10%. Additionally, traders benefit from a 5% interest rate, making this a perfect starting point for those looking to develop their trading skills with minimal capital investment.
Cent.Eurica Trading Account
The Cent.Eurica Trading Account is designed for beginner traders, much like the Cent.Standard account, offering a live trading environment where users can practice and build their skills with minimal financial risk. This account type eliminates upfront spreads, charging commissions ranging from 0.03% to 0.07% on trades. It supports EUR and USD as base currencies, with a minimum deposit of just $1 or 16 ZAR and a maximum deposit limit of $1,000 or 16,000 ZAR, making it ideal for micro-level trading. The account allows for trades starting at 0.10 of a lot, catering to those who wish to start with smaller positions. The maximum trade volume is set at 10,000 lots, and traders benefit from high leverage of up to 1:1000. The Cent.Eurica account maintains a margin call level of 30% and a stop-out level of 10%, with an interest rate of 5%. This account is a great option for beginners looking for a cost-effective way to trade and learn.
InstaFX Demo Account
InstaForex provides traders with the opportunity to open a demo account, a valuable tool for both beginners and experienced traders. The sign-up process for the demo account is fully digital, free, and takes only a few minutes to complete. Once registered, traders gain access to a wide range of features, including powerful trading platforms and the full suite of trading tools and instruments that InstaFX offers. This makes the demo account a versatile option for those looking to get started or refine their trading strategies.
InstaFX Islamic Account
The InstaFX Islamic Account is designed specifically for Muslim traders who adhere to Sharia law, which prohibits the payment or receipt of interest, such as overnight fees. The broker provides the option to convert any of its four live trading accounts—Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica—into an Islamic account. By enabling this swap-free option, Muslim traders are not subjected to swap or overnight fees, allowing them to trade in compliance with Sharia law while accessing various markets.
One key advantage of InstaFX’s Islamic account is that traders do not incur additional commissions or wider spreads when converting their account. Many brokers impose these charges to offset the absence of overnight fees, but InstaForex allows traders to maintain the same trading conditions as their original account without any additional costs.
How to Change Your Account Type in InstaFX
InstaForex allows traders to easily switch between account types, such as from a Standard account to Eurica, or vice versa, directly from the Client Cabinet. To change your account type, simply follow these steps:
- Log in to Your Client Cabinet: Use your login credentials for the trading account you have opened with InstaForex.
- Access Account Settings: Once logged in, navigate to the "Account Settings" section in the menu.
- Select Personal Information: In the account settings, click on the "Personal Information" tab.
- Change Account Type: In the menu that appears, select the option to "Change Account Type."
It's important to note that you can only change your account type if you have no open positions or pending orders. If you encounter any difficulties during the process, you can reach out to InstaForex’s Technical Support service for assistance. Contact details for the support team can be found in the "Support" section of the official InstaForex website.
FAQs
What is the Insta.Standard Account?
The Insta.Standard account is a commission-free account that operates on fixed spreads. This account type is ideal for beginner traders as it offers straightforward trading conditions and a wide range of available instruments. Traders can use various lot sizes, and the account supports flexible leverage settings. Additionally, it has no maximum deposit limit, making it suitable for traders with different levels of investment.
What is the Insta.Eurica Account?
The Insta.Eurica account features zero spreads, making it appealing to traders who prefer commission-based trading. Instead of paying spreads, traders are charged a small commission on each trade. This account type is also suitable for beginners and eliminates the need to account for spread widening during market fluctuations. Like the Insta.Standard account, it has no maximum deposit limit.
What is the Cent.Standard Account?
The Cent.Standard account is designed for beginner traders or those who want to practice trading with smaller amounts. It uses
Published by:
Jaxon Maddox