What Account Types and Fees Does Instreet Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to basic trading tools, low minimum deposit |
Ideal for practice and small-scale trading |
| Professional Account |
Experienced and high-volume traders |
Higher leverage, lower spreads, advanced trading analytics |
Requires proof of trading experience and minimum capital |
| Corporate Account |
Corporate clients and institutions |
Custom trading solutions, dedicated account management |
Requires corporate documentation and substantial capital |
| Islamic Account |
Traders requiring Sharia-compliant services |
Swap-free trading conditions |
Available upon request, requires eligibility verification |
| Demo Account |
New traders wanting to practice |
Simulated trading environment with virtual funds |
No minimum deposit, perfect for learning |
Account Opening Process
To open an account with Instreet, prospective traders need to follow a streamlined process. First, they must submit personal information, including name, address, and contact details. Next, employment details and financial information, such as income and trading experience, are required. Identity verification is crucial; therefore, users must provide a valid ID and proof of address, like a utility bill. It’s worth noting that users have the flexibility to upgrade to a professional account later, should their trading volume or experience qualify them for enhanced features.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Consistent pricing |
| CFDs (S&P 500) |
1.5 |
$0.5 |
Competitive for index trading |
| CFDs (Gold) |
2.0 |
$1.0 |
Standard market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of additional fees that may apply when using Instreet’s services. These include potential deposit and withdrawal fees, which can vary based on the payment method. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, users may incur platform usage fees if applicable, and overnight interest, known as swap rates, will be charged on positions held overnight. Currency conversion fees may also apply when trading in different currencies.
