What Account Types and Fees Does InstaForex Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Ideal for small-capital practice, no minimum trading volume |
| Professional Account |
Experienced traders |
High leverage, tight spreads, direct market access |
Requires proof of trading experience and higher minimum deposits |
| Corporate Account |
Corporate clients |
Custom trading solutions, higher trading limits |
Requires corporate documentation and compliance with regulations |
| Islamic Account |
Traders seeking swap-free options |
No overnight interest fees, same trading conditions as regular accounts |
Must comply with Islamic finance principles |
| Demo Account |
All traders |
Practice trading without risk, full access to trading tools |
Available for all users to test strategies |
Account Opening Process
To open an account with InstaForex, follow these steps: 1. Submit your personal information, including name, email address, and phone number. 2. Provide employment details, including your job position and employer. 3. Fill out financial information, detailing your trading experience and capital. 4. Complete identity verification by uploading valid identification (such as a passport or driver’s license) and proof of address (like a utility bill). 5. Once your account is approved, you can start trading. InstaForex provides flexibility to upgrade to a professional account later for those who qualify.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for major pairs |
| CFDs (Stocks) |
1.5 |
$0 |
Standard market spreads |
| CFDs (Indices) |
1.5 |
$0 |
Average spreads for indices |
| CFDs (Commodities) |
2.0 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
InstaForex has several additional fees to be aware of: – Deposit/withdrawal fees: There are no fees for deposits, but withdrawal fees may apply depending on the method used. – Inactivity fees: Accounts may incur a fee after a certain period of inactivity. – Platform usage fees: No fees are charged for using the trading platform. – Overnight interest (swap rates): Applicable for accounts that do not use the Islamic account option. – Currency conversion fees: May apply on transactions involving different currencies.
