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Types of Trading Accounts

Each type of account offered by InstaForex represents a universal trading tool that helps to work on international financial markets. Regardless of the chosen account type, you will have access to every trading symbol available, when working with InstaForex.

In order to help traders to create a successful trading strategy two account types were developed by the InstaForex Dealer Department specialists. Trading accounts’ types differ by the method of accounting spreads and commissions, which are picked by the trader opening an account.


Insta.Standard Trading Accounts

These types of accounts are relevant for standard trading terms on Forex market and function without fees. Once a trader gets access to all trading instruments he/she pays a fixed spread setting a trade.

Insta.Standard accounts work for all types of traders and allow a trade to be settled with classical spread and with no fees. The main advantage of this type of account is its universality, as often a trader can change the trading leverage and work with a deposit size convenient for him/her. The features of the account allow trading with Micro Forex (minimum deposit $1-10), Mini Forex (minimum deposit $100), and Standard Forex (minimum deposit $1000).


Insta.Eurica Trading Accounts

The account of this type does not require any spread to be paid at opening a trade. For most currency instruments of Insta.Eurica account type zero spreads are applied, due to this the BID price is always equal to the ASK price. It should be noted that the offered price runs higher than the BID price (on the basis of which a chart in the trading terminal is plotted) by half of the standard spread for a given trading instrument which is rounded up to its integral value due to some technical peculiarities of the MetaTrader 4.00 platform.

This account type is recommended for newbies because it is not necessary to take into consideration the spread in case of pending orders usage: a pending order is executed right when the price reaches its value if the spread equals to 0. Before GTC orders’ placing and market entrance there is no necessity to calculate spread influence on the position result, this makes technical analysis highly effective.

Aside from the fact that Insta.Eurica accounts allow the newbies to get the hang of the market using a simpler system of trades conducting, this account type can be also used by professional traders, because its trade characteristics are the same as of Insta.Standard account type.


Cent.Standard and Cent.Eurica trading accounts

Cent.Standard and Cent.Eurica account types are developed for beginning traders and oriented to those clients who just learn trading, and for this purpose they need access to the minimal possible trade volume. Micro Forex is available with the lot volume of 0.0001 of the market lot (the lot price is 0.1 U.S. cents) and allows practicing almost without any risks for deposit. This type of account will suit well those who want to test trading strategies with minimal risks using the trade advantage of 0.0001 lot.

In addition to the smallest allowed trade volume - 0.0001 of the market lot - the owners of Cent.Standard and Cent.Eurica accounts have the same trading terms as Insta.Standard and Insta.Eurica. The only constraint here is the maximally allowed deposit size for cent group accounts of Cent.Standard and Cent.Eurica related to their directivity to the beginning traders. For more experienced traders it is recommended to open accounts of Insta.Standard and Insta.Eurica types which do not have any size constraints for maximal deposit and deal size.


Minimal trade size
The size limitation of the minimal trade equals to 1 lot ($1 per pip) for accounts of Standard and Eurica types with balance over $100,000 or its equivalent in other currencies.


Features Account type
Insta.Standard Insta.Eurica Cent.Standard Cent.Eurica
Deposit currency EUR, USD EUR, USD USD Cents, EUR Cents USD Cents, EUR Cents
Minimum deposit
1 USD
1 USD
1 USD
1 USD
Maximum deposit unlimited unlimited
1000 USD
1000 USD
Spreads [1]
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 (equivalent of 0.0001 market lot) 0.10 of the lot (equivalent of 0.0001 market lot)
Maximal trade
10000 lots
10000 lots
10000 lots
10000 lots
Leverage [2]
1:1-1:1000
1:1-1:1000
1:1-1:1000
1:1-1:1000
Margin for locks [3]
25%
25%
25%
25%
Margin Call [4]
30%
30%
30%
30%
Stop Out [5]
10%
10%
10%
10%
Interest rate [6]
5%
5%
5%
5%


[1] - Spreads are shown in pips.
[2] - For deposits of less than $1,000.
[3] - Margin means the percentage of volume of the total deposit that is necessary for maintaining the opposite positions for a single pair.
[4] - Level, when reached, positions may be forcibly closed.
[5] - Level, when reached, positions will be automatically closed.
[6] - The annual interest rate accrues on the last day of each month. 5% rate is valid only for active accounts, for inactive accounts the annual rate is 2%.


* - For deposits of more than $10,000.00 the minimum trade may be established in the amount of 0.10 lots ($0.10 per pip).
** - For deposits of more than $100,000.00 the minimum trade may be established in the amount of 1.00 lots ($1.00 per pip).
*** - For cent accounts the minimal trade is 100 points of the basic currency and it is equal to the pip price about 0.1 cents.
**** - Leverage for GOLD and SILVER trade is 1:100.
***** - Leverage for CFD trade is 1:20.
****** - If the balance runs over USD 1000 on cent account, it is recommended to open a new account on another server.


Spreads and commissions are given for major currency pairs.