InstaForex Fees and Minimum Deposit - TU Expert review
Assessing the size of the fees is the second most important factor for choosing a broker after reliability. The lower the fees, the more diverse their structure, the more beneficial it is to trade with the broker. Minimum deposit is another important factor that may tip the scale in favor of a certain broker. This is particularly important for novice traders, who cannot afford to invest a lot at the beginning. Traders Union analysts have prepared an analysis of InstaForex fees and also assessed the size of its minimum deposit.
Short introduction of InstaForex
InstaForex has been in the international financial market since 2007. Over the years of its operation, the company has attracted more than 7,000,000 traders from over 140 countries. The broker has 2,500+ trading instruments, including cryptocurrencies, synthetic indices, etc. The company strives to develop its competitive advantages by offering traders and investors new technological solutions and analytical tools every day.
The InstaForex group of companies comprises:
-
Instant Trading Ltd., regulated by BVI FSC (British Virgin Islands, SIBA/L/14/1082).
-
Instant Trading EU Ltd., regulated by CySEC (Cyprus, 266/15).
InstaForex is also regulated by BaFin (Germany), AFM (Netherlands), MFSA (Malta), and regulators of Greece, UK, Czech Republic, etc.
| 💰 Account currency: | FSC - USD, EUR, RUB. CySEC - EUR, USD, PLN, CZK, GBP (GBP -only for accounts on МТ5). |
| 🚀 Minimum deposit: | FSC - $1. CySEC - €200/€1 |
| ⚖️ Leverage: | FSC - up to 1:1000. CySEC: leverage is up to 1:30 for retail traders and up to 1:500 for professionals. |
| 💱 Spread: | FSC - from 0-0.3 pips subject to the account type. CySEC - from 0 pips subject to the asset type. |
| 🔧 Instruments: | FSC - currency pairs, stocks, indices, metals, oil and gas, commodity futures, cryptocurrencies, and InstaFutures. CySEC - currency pairs, commodities, stocks, indices, cryptocurrencies, synthetic stocks and ETFs, and stocks at the moment of IPO. |
| 💹 Margin Call / Stop Out: | FSA - 30%/10%. CySEC - 100%/50% |
InstaForex Pros and Cons
👍 Advantages of trading with InstaForex:
•2,500+ trading instruments, including non-standard assets, such as InstaFutures and synthetic securities.
•Passive investment products, including PAMM accounts and a copy trading service.
•Non-standard technological solutions such as InstaSpot (P2P spot trading), OYS account, Stock Basket, etc.
•European regulation and IFC compensation fund with guaranteed insurance coverage up to €20,000.
•Comfortable trading conditions, such as a $1 minimum deposit and leverage up to 1:1000, for clients of the FSC-regulated broker.
👎 Disadvantages of InstaForex:
•Tough conditions for retail European traders due to regulations.
•The time gap between a trade executed by a trader and the one copied to the investor’s account in the social trading service can be up to 15 seconds.
Key types of fees on Forex
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
InstaForex Commissions and Fees
Traders Union specialists have analyzed InstaForex trading conditions for explicit and hidden commissions. All information on the size of commissions contained is on the broker's website. Trading account replenishment through the popular payment system takes place without commission. The commission is charged only by the bank or e-payment system. Information on the amount of commission fees is available on their website. Withdrawal fees range from 0.5% to 3.5%, depending on the electronic payment system. PayCo does not charge a withdrawal fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| Insta.Standard (FSC) | From 3-7 USD | yes |
| Insta.Eurica (FSC) | From 0 USD | yes |
| Cent.Standard (FSC) | From 3-7 USD | yes |
| Cent.Eurica (FSC) | From 0 USD | yes |
| ECN.MT4 (CySEC) | From 10 USD | Yes |
| ECN VIP.MT4 (CySEC) | From 3 USD | No |
| ECN Pro.MT4 (CySEC) | From 7 USD | Yes |
| All ECN-accounts MT5 (CySEC) | From 0 USD | No |
Why is it important to assess minimum deposit?
It is important for beginners and traders with limited financial capabilities to assess the minimum deposit of the broker. Different brokers offer different levels. Some companies focus on working with professional traders and their entry threshold is usually in the thousands or tens thousands of US dollars. Brokers that work with beginners offer low minimum deposit. It could be $500 or $100, or even $1.
In addition minimum deposit may differ depending on the account type. This is also an important factor to analyze. If a broker offers a low entry threshold, traders can get better conditions and still not spend too much money on funding their account.
InstaForex Minimum deposit
How to Start Making Profits — Guide for Traders
InstaForex offers several options for opening an account:
By opening a free demo account the trader will be able to test the trading conditions and terminal features before deciding on which option they wish to choose. The broker also offers profitable bonus programs (FSC).
InstaForex offers the best working conditions for both a novice trader and a professional. The implementation of any strategy type is comfortable and most profitable.
Brokers similar to InstaForex
When analyzing InstaForex, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of InstaForex and other brokers.
Comparison of InstaForex with other Brokers
| InstaForex | RoboForex | Pocket Option | Exness | Octa | IC Markets | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MetaTrader4, MetaTrader5 |
MT4, cTrader, MT5, TradingView |
|
Min deposit |
$1 |
$10 |
$5 |
$10 |
$25 |
$200 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
Yes |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.6 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
No |
Expert Opinion
When comparing FTMO to similar prop firms, its conditions seem generally competitive and a balanced offering. With reasonable fees, enough leverage for many styles and an achievable cost starting from €155, it presents a solid choice for prop traders to evaluate further. There are also no added commissions on top of the spread which keeps trading costs low.
Some traders may find the testing requirements to be on the strict side, but this ensures people have proven themselves capable of managing risk before gaining access to larger funded accounts.
Overall, for those interested in prop trading and wanting the guidance of a funded program, FTMO offers a decent option to consider. Just be prepared to treat the challenge period like the job interview that it is.
Conclusion
Based on the results of the analysis, Traders Union experts have concluded that the fees charged by the broker are average. There are companies with lower fees. The broker offers a low minimum deposit, but average fees do not make this broker a good choice for novice traders.
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FAQs
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!