Opening a live account with InstaForex is very easy and quick. There are four account type options that you can choose according to your needs.
InstaForex is an experienced global broker that has been serving numerous clients since 2007. The broker holds two licenses, namely FSC (BVI) and FSA (SVG). It offers over 100 currency pairs for trading, along with other financial assets such as stocks, commodities, CFDs, and cryptocurrencies.
The broker's reputation is unquestionable, having won various world-class awards just two years after its establishment. Recently, InstaForex secured the title of Best Forex Broker 2023 at the Forex Traders Summit Dubai.
To start trading and make money with InstaForex, you need to open a live account first. Without further ado, here's how to open a live trading account with InstaForex.
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.
Signing Up with InstaForex
The process of InstaForex sign-up is very easy and fast. It doesn't take much time to complete the process. You can even finish it in just a few minutes. Here are 10 easy steps to register a live InstaForex account.
- Visit the InstaForex website, and click on "Open trading account."
- There will be three main steps to go through. In step 1, you need to fill in your status: individual or company. Then, enter your email address. Once done, click "Proceed."
- Moving on to step 2, you must provide your personal information: full name, date of birth, residential address, city, region, postal code, country, and phone number. Afterward, click "Proceed." Ensure all the data you input is accurate as these details will be verified.
- Proceed to step 3, enter your password, code word, account type, server location, leverage, and account currency. Once done, don't forget to check the agreement box and click "Open account."
- Congratulations, your new InstaForex trading account has been successfully opened. On the new page, you'll find information about your trading account number and password. Keep this information as you'll need it to log into your account.
Account details will also be sent to your email address.
- Verify your account. Find the "Verification" menu in your Client Area, then click "Verify account."
- Next, you can make a deposit. If there are any deposit bonus offers available from InstaForex don't hesitate to take them.
- Choose one of the deposit methods you prefer.
There are various options, including bank cards, bank wire, Astropay, cryptocurrencies, and local transfers.
- Following that, you need to download the trading platform to start trading. There are three options: MetaTrader, web terminal, and Insta TickTrader. You can choose any of them.
- All done! All preparations are complete. Below is an example of what trading looks like using the TickTrader platform.
Types of InstaForex Accounts
For InstaForex account types, there are four options: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. Here's a summary.
1. Insta.Standard Trading Account
Insta.Standard requires a minimum deposit of $1 and a minimum deal size of 0.01 lots. Members of Insta.Standard benefit from a 3-7 fixed spread, one-click trading, automated trading, and mobile trading.
This account provides various useful features, such as scalping, hedging, Expert Advisors, trailing stop, and pending orders. It's important to note that swap fees are charged for positions left overnight.
2. Insta.Eurica Trading Account
Insta.Eurica requires a modest minimum deposit and position size, starting at $1 with 0.01 lots. Alongside zero spreads, you can employ scalping, hedging, or Expert Advisors.
However, be mindful of potential extra expenses like swap fees. The account supports mobile, one-click, and automated trading, as well as pending orders and trailing stops.
Cent.Standard accounts require a minimum deposit of $1, with positions starting at 0.0001 lots. The account offers 3-7 fixed spreads, Expert Advisors, one-click trading, automated trading, and mobile trading.
Key features include pending orders, trailing stops, hedging, and a scalping strategy. Additional fees, such as overnight swaps, may apply.
The Cent.Eurica account requires a minimum deposit of $1 and has a minimum lot size of 0.0001. It provides a variety of features and tools, including trailing stops, pending orders, automated trading, one-click trading, and mobile trading, all with zero spreads.
Expert Advisors are permitted to assist in trading. While the account allows hedging and scalping, there is an overnight fee (swap).
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.