InstaForex provides 3 types of trading accounts which can be customized according to traders' conditions and necessities.
Choosing a trading account requires a lot of careful consideration, including the percentage fee, minimum deposit, minimum trade size, spreads, leverage, etc. Professional forex brokers ideally have various types of trading accounts which can be chosen by traders.
InstaForex as one of the most popular forex brokers among traders provides 3 types of accounts that can be customized according to trader's conditions and necessities. The purpose of these 3 types of accounts is to help traders create successful trading strategies.
InstaForex splits account types based on the method of calculating spreads and commissions that traders can choose according to their needs and strategies. Well, in this article, we will compare 4 types of InstaForex trading accounts that you can read below:
- Insta.Standard: provides a user-friendly and cost-effective trading experience, suitable for traders who want to trade without additional fees.
- Insta.Eurica: provides zero spreads, simplicity in trade execution, and is suitable for experienced and newbie traders.
- Cent.Standard: provides fixed spreads, very low risks, and no additional fees.
- Cent.Eurica: provides a low-risk environment for testing strategies with 0.03% - 0.07% fees.
Each InstaForex account type caters to different trader profiles and provides distinct features. Here are the complete details:
1. Insta.Standard
This type of account is relevant in terms of minimum standards of trading on the forex market. It allows traders to gain access to all trading instruments in InstaForex. After gaining access, traders are required to pay a fixed spread for trading.
Insta.Standard accounts implement fixed spreads, with no additional fees. The main advantage of this account type is its universality. After registering with InstaForex and choose Insta.Standard account, traders can change the trading leverage and use a deposit size that suits their individual preferences.
Features on this account allow trading with Micro Forex (minimum deposit of USD 1-10), Mini Forex (minimum deposit of USD 100), and Standard Forex (minimum deposit of USD 1000).
2. Insta.Eurica
Unlike Insta.Standard, Insta.Eurica does not require spreads to be paid at the time when opening a trade, which makes it suitable for traders who look for zero spreads to support their strategy. Nonetheless, there is a commission of 0.03%-0.07% per position to compensate for the spreads.
This InstaForex account type also works for professional traders as it shares the same trading characteristics as the Insta.Standard account type.
3. Cent.Standard
Cent.Standard is designed for beginner traders who are still learning to trade. This account provides a very small minimum trading volume of 0.0001 lot. Other than that, Cent.Standard accounts have the same trading terms as Insta.Standard which allows users to implement fixed spreads with no additional fees.
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
4. Cent.Eurica
These account holders have the same trading requirements as Insta.Eurica account holders. The only restriction on this account is the maximum deposit size. This restriction is meant to let traders focus more on examining trading strategies with minimum risk. If compared to the Cent.Standard type, this account costs users an additional 0.03% - 0.07%.
In general, here's a clear comparison between all InstaForex account types:
| Features | Insta.Standard | Insta.Eurica | Cent.Standard | Cent.Eurica |
| 💲Deposit Currency | EUR, USD | EUR, USD | EUR Cents, USD Cents | EUR Cents, USD Cents |
| 💰Minimum Deposit | UDS 1 | USD 1 | USD 1 | USD 1 |
| 💰Maximum Deposit | no limit | no limit | USD 1000 | USD 1000 |
| 🔢Spreads | 3-7 | 0 | 3-7 | 0 |
| 💸Fee | 0 | 0,03% - 0,07% | 0 | 0,03% - 0,07% |
| 📈Minimal Trade | 0.01 of the lot | 0.01 of the lot | 0.10 of the lot | 0.10 of the lot |
| 📉Maximal trade | 10.000 lots | 10.000 lots | 10.000 lots | 10.000 lots |
| ⚖Leverage | 1:1-1:1000 | 1:1-1:1000 | 1:1-1:1000 | 1:1-1:1000 |
| 🔐Margin for locks | 25% | 25% | 25% | 25% |
| ☎️Margin Call | 30% | 30% | 30% | 30% |
| ⛔Stop Out | 10% | 10% | 10% | 10% |
| ▶️Order Execution | Instant | Instant | Instant | Instant |
Which Trading Account is Suitable for You?
Based on the above comparison, here are the trading account recommendations for each level of trader in InstaForex:
- Newbie Traders: Cent.Standard and Cent.Eurica trading accounts are suitable for beginner traders as they allow them to practice trading with minimal risk using very small trade sizes.
- Experienced Traders: Insta.Eurica Trading Accounts can be a good choice for experienced traders. It allows traders to focus on technical analysis and improve their trading skills, thanks to zero spreads and the ease of use of pending orders.
- Expert Traders: Insta.Standard Trading Accounts are suitable for expert traders. These accounts provide flexibility in terms of leverage and larger deposit sizes, which suit the needs of expert traders.
However, it is important to remember that these are just general recommendations, and the selection of the right trading account should also be considered based on individual trading preferences and strategies.
InstaForex has been operating since 2007. With more than 15 years of experience, this broker provides access to over 300 trading instruments, complete trading packages that support all levels of traders, and various types of bonuses and trading contests.
16 Comments
Jul 22 2023
Can professional traders use the Insta.Standard account, or is it more suitable for beginner traders? I see that this account type provides access to all trading instruments in InstaForex and implements fixed spreads with no additional fees. It sounds pretty versatile, allowing traders to adjust the trading leverage and choose a deposit size that fits their preferences.
However, I also notice that it offers various deposit sizes for trading, ranging from Micro Forex with a minimum deposit of USD 1-10, Mini Forex with a minimum deposit of USD 100, to Standard Forex with a minimum deposit of USD 1000.
So, I'm curious to know if professional traders can take advantage of the Insta.Standard account and if it aligns well with their trading needs and strategies. Can they utilize the fixed spreads and versatile features to effectively manage their trading activities? Any insights on how professional traders can benefit from this account type would be appreciated!
Jul 24 2023
In my opinion, the Insta.Standard account offered by InstaForex is not limited to beginner traders, and professional traders can also use this account type to their advantage. The account provides access to all trading instruments available in InstaForex, making it suitable for traders with diverse strategies and interests.
I find the main advantage of the Insta.Standard account lies in its universality and flexibility. Traders can enjoy the convenience of fixed spreads with no additional fees, which allows for more predictable trading costs. Additionally, the option to adjust trading leverage and choose a deposit size that suits individual preferences provides professional traders with the freedom to tailor their trading approach according to their risk tolerance and trading style.
Moreover, the availability of different deposit sizes, including Micro Forex, Mini Forex, and Standard Forex, caters to traders with varying capital levels. As a professional trader, I appreciate this feature as it allows me to select the appropriate deposit size based on my account capital and trading goals.
In my experience, the Insta.Standard account's versatile features make it suitable for both beginners and experienced traders alike. Professional traders can take advantage of the stable trading conditions and access to a wide range of trading instruments to execute their strategies effectively.
Jul 22 2023
I've been exploring different trading account options, and I came across Cent.Standard in Instaforex, which seems perfect for beginner traders due to its very small minimum trading volume of 0.0001 lot and the convenience of fixed spreads with no additional fees. It looks like a great choice for getting started with trading!
However, I also stumbled upon Nano Standard in a different broker, and I'm curious to understand how it differs from Cent.Standard. I know that Cent.Standard is geared towards beginners, but what about Nano Acccount? How does the minimum trading volume compare to Cent.Standard's 0.0001 lot, and what are the unique features and advantages that set Nano accouont apart?
Jul 23 2023
Let me break down to you! Nano accounts, much like Cent.Standard accounts, are often designed to cater to beginner traders who want to start with smaller trading volumes. The key feature of Nano accounts is that they usually offer even smaller lot sizes than Cent.Standard accounts. Instead of 0.0001 lot, Nano accounts may provide trading volumes in micro-lots, such as 0.001 lot or even lower.
The idea behind Nano accounts is to give traders the flexibility to trade with very low capital, making it suitable for those who are new to trading or want to practice with minimal risk. While Cent.Standard accounts offer fixed spreads with no additional fees, Nano accounts in different brokers may come with their own unique trading terms and fee structures.
Jul 24 2023
It is absolutely different between cent and nano. Let me explain to you! Nano lots refer to a very small position size in forex trading. A nano lot is equal to 100 units of the base currency in a currency pair. It is smaller than a micro lot (1,000 units) and a standard lot (100,000 units). Traders often use nano lots when they want to trade with very low capital or practice trading with minimal risk.
The use of nano lots is especially popular among beginners or traders who have limited funds but still want to participate in the forex market. With nano lots, traders can control their risk more effectively since the position sizes are much smaller compared to larger lot sizes. This allows them to test their strategies, learn from the market, and gain experience without risking significant amounts of money.
For example, if you are trading the EUR/USD currency pair and you buy one nano lot, you are essentially buying 100 euros. If the EUR/USD exchange rate moves by one pip (0.0001), the value of your trade would change by approximately 0.01 USD. It's crucial to remember that while nano lots reduce risk, they also limit potential profits due to their small position sizes.
Jul 28 2023
Could you please explain the fees associated with the Insta.Eurica trading account? I noticed that it offers zero spreads, which sounds great, but I'm curious about how the fees are calculated. The article mentions that the Cent.Eurica account provides a low-risk environment with fees ranging from 0.03% to 0.07%. Does the Insta.Eurica account have a similar percentage-based fee structure? I'm interested in understanding the cost implications of trading with this account and how it compares to other types of InstaForex accounts. Any insights or details about the fee system in the Insta.Eurica account would be helpful. Thank you!
Jul 29 2023
The Insta.Eurica trading account offered by InstaForex is known for providing zero spreads, which means there are no traditional spreads involved in your trades. Instead, this account utilizes a percentage-based fee structure. The fee percentage for the Insta.Eurica account typically ranges from 0.03% to 0.07%.
This percentage-based fee is applied on each trade you execute, and it is calculated on the basis of the total volume of the trade. The fee is deducted automatically from your trading account after you close the position.
The Insta.Eurica account is designed to offer simplicity in trade execution, making it suitable for both experienced and novice traders. With zero spreads, you won't have to worry about the difference between bid and ask prices when opening or closing trades.
When comparing the Insta.Eurica account to other types of InstaForex accounts, it's essential to consider your trading preferences and strategies. If you value zero spreads and want a straightforward trading experience, the Insta.Eurica account could be a good choice. However, if you prefer fixed spreads or different fee structures, you may want to explore other account options offered by InstaForex.
Jul 30 2023
Let me explain those fees structure to you! Let's say you have an Insta.Eurica trading account and decide to place a trade in the EUR/USD currency pair. You open a buy position with a volume of 1 standard lot, which is equivalent to 100,000 units of the base currency (EUR).
Since the Insta.Eurica account utilizes a percentage-based fee structure, let's assume the fee percentage for this trade is 0.05%. To calculate the fee, you would take 0.05% of the total volume of the trade, which is 100,000 EUR.
Fee = 0.05% * 100,000 EUR
Fee = 50 EUR
In this example, the fee for this particular trade would be 50 EUR. The fee will be automatically deducted from your trading account after you close the position.
Keep in mind that the fee percentage may vary depending on the account type, trade volume, and market conditions. It's essential to check the specific fee structure for the Insta.Eurica account in the trading platform or the broker's website to get the most accurate and up-to-date information.
This fee structure allows you to enjoy zero spreads, making it easier to enter and exit trades without worrying about additional costs. As always, make sure to consider your trading strategy and preferences when choosing the right account type for your needs. Happy trading!
Dec 16 2023
50$ commission on 1 lot is too much, I think.It is best to go for Pepperstone Razor account and it charges $3.5 per lot for its Razor account and Pepperstone has no minimum deposit.Another option is Roboforex and it charges $2 per lot for it's ECN account and the minimum deposit is only $10 for all account types.
Jul 28 2023
For advanced traders who are not pro traders, which account type between Insta.Standard and Insta.Eurica would be the best option? I see that the Insta.Standard account offers fixed spreads with no additional fees, providing a universal approach to trading with different deposit sizes. On the other hand, the Insta.Eurica account doesn't require spreads to be paid when opening a trade, making it appealing for traders seeking zero spreads, but it does have a commission of 0.03%-0.07% per position. Both accounts share similar trading characteristics, and I'm wondering which one would be more suitable for advanced traders who are not necessarily pro traders. Any insights or comparisons between the two account types would be appreciated. Thanks!
Jul 30 2023
In my opinion, for advanced traders who are not pro traders, both the Insta.Standard and Insta.Eurica accounts can offer valuable features.
The Insta.Standard account provides a fixed spread with no additional fees, making it a straightforward and universal choice. It allows traders to access all trading instruments in InstaForex and offers the flexibility to adjust trading leverage and deposit size according to individual preferences. This account is suitable for traders looking for simplicity and the ability to choose from Micro, Mini, or Standard Forex deposit sizes.
On the other hand, the Insta.Eurica account is designed for traders who seek zero spreads to support their strategies. While it doesn't require spreads to be paid when opening a trade, there is a commission of 0.03%-0.07% per position to compensate for the spreads. This account can be appealing to those who want to avoid spread costs and prefer a commission-based structure.
Both accounts share similar trading characteristics, making them suitable for advanced traders who are not pro traders. The decision between the two would depend on individual trading preferences and strategies. In my opinion, If a trader values fixed spreads and straightforward trading, the Insta.Standard account might be a better fit. On the other hand, if zero spreads are a priority and the trader is comfortable with the commission structure, the Insta.Eurica account could be a preferred choice.
Aug 2 2023
Just a little bit curious here! Since Cent.Standard accounts are designed for beginner traders with a very small minimum trading volume, how does the broker manage to profit from these accounts? Are there any specific mechanisms or strategies that allow them to generate revenue despite the small trading volumes? Additionally, given that Cent.Standard accounts offer fixed spreads with no additional fees, how does the broker balance their profit while providing these favorable trading terms to users?
Aug 4 2023
Based on what I know, in the case of Cent Standard accounts designed for beginner traders with a very small minimum trading volume, brokers can still generate revenue through various means. Despite the small trading volumes, brokers may benefit from the overall trading activity of a large number of Cent account users collectively. While individual trades in Cent accounts may have a minimal impact on the broker's profits, the cumulative trading volume from all Cent accounts can add up significantly.
Brokers can also offer additional services or features to Cent account users that come with fees, such as premium trading tools, educational resources, or access to advanced trading platforms. By providing these value-added services, brokers can earn revenue from Cent account holders beyond just spreads.
Read more: Cent Vs Standard Account: Which Is Worth Your Money?
Aug 2 2023
Can you just do technical analysis on Insta.Eurica Trading Accounts? Do those zero spreads and easy peasy pending orders make it a sweet deal for experienced traders who dig technical analysis? And hey, are there any snags or hiccups you might face when going all-in on technical analysis with these accounts? Give me the lowdown on how to rock it with those charts and indicators!
Aug 3 2023
Absolutely! Yes, traders on Insta.Eurica Trading Accounts can totally rely solely on technical analysis for their trading decisions. Those zero spreads and simple pending orders are like a dream come true for experienced traders who love their technical analysis. With these features, they can focus on chart patterns, indicators, and all that good stuff to make informed trading choices.
But hey, no trading journey is without its bumps, right? While you can rock it with technical analysis on Insta.Eurica accounts, keep in mind that there might be some challenges along the way. Sometimes, the market can be unpredictable, and technical analysis might not always provide all the answers. But fear not! Experienced traders know how to adapt and use other tools and strategies when needed to overcome those hurdles.
Read more: InstaForex Analytics to Improve Your Trading Performance
Aug 4 2023
I disagree! For traders who solely rely on technical analysis, there is a risk of overlooking broader market trends or critical fundamental developments that could impact their trades. Additionally, technical analysis might not provide sufficient information about the underlying market sentiment, which can be crucial in certain situations.
A well-rounded trading strategy often combines both technical and fundamental analysis, allowing traders to gain a comprehensive understanding of the market dynamics. By incorporating fundamental analysis, traders can be better prepared for major economic events, news releases, and other factors that might influence market behavior.
Read more: Forex Technical Analysis: A Comprehensive Guide for Beginners