Below is the commission per lot for the EURUSD pair with different Forex brokers. For funding with a bank card, verification at Instaforex is mandatory. In the second step, you will receive login details for the personal area and several PIN codes. Write them down in a secure place — this is important, especially when opening a real account. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
InstaForex fees compared to Interactive Brokers fees
To participate in the “Lucky Deposit” promotion, you must open and fund a trading account with at least 3,000 USD. After that, you xcritical official site automatically become a participant in the promotion. InstaForex operates through several legal entities regulated by various financial authorities.
They offer everything from forex to commodities, allowing me to diversify my portfolio effortlessly. Yes, the broker provides several incentives and promotional programs to both new and xcritical customers. Deposits via credit/debit cards are usually processed within 24 hours, while bank wires may take 2-4 business days. The Multi-Terminal is designed for individuals managing multiple accounts or client funds.
- There is a good variety that can be used to improve your own trading strategies and to copy other traders.
- Forex Copy is InstaForex’s copy trading service, and it lets you copy trades, even when you’re not near your terminal.
- Instaforex provides access to cryptocurrency assets also via CFDs.
- The company offers innovative service and high-tech customer support, and it boasts over a million clients from around the world.
- There is a similar page for the offshore branch – Instaforex.com/support.
Let’s compare how much a trader will have to pay for an execution of a USD 5,000 lot on CFD on stocks on Instaforex, XTB и Forex Club. All commissions and spreads are included in the final amount. CFD on stocks is the main trading instrument on Instaforex platform. The broker does not set a minimum commission per trade, which is an advantage of the commission system.
Customer support
The company covers all deposit fees, for any amount, on all account types in all currencies. All three options offer spreads from 0.1 pips and competitive, tiered commissions. Some cryptos and major forex pairs also benefit from 0 pip spreads (Only on MT5 platform). A suite of user-friendly analysis tools is available with both solutions, including built-in and custom indicators, pending order types, expert advisors, news feeds, and market signals. InstaForex also provides self-developed plugins such as One Click Trading.
Overall, InstaForex made a solid choice when it picked MT4 as its platform. Trading fees of InstaForex are higher than the competitors. Most other brokers offer around 1 pip markups while the Insta account offers from 3 to 7. One good thing that is good about InstaForex is that there are no inactivity fees or deposit and withdrawal fees. What’s more, both spread-free and commission-free accounts are available. Let’s compare the fees of InstaForex with other brokers to better understand the broker’s policies.
Currency Conversion Fees
The broker has an in-house team of 30 experts who analyse the markets on a daily basis and provide very detailed reports including write ups with annotated charts. Reading through some of them, I was really impressed with how accurate and professional the write-ups were. I was even inspired to look for some trading opportunities based on the analysis provided. There is a TV section that is updated daily and has a very good variety of news, analytical materials and interviews.
The online trading calculator allows you to easily and quickly calculate the value of a pip and margin required for a chosen currency pair. I found it basic and prefer to confirm everything with my own calculations. I do see how it can benefit some traders who need to perform calculations as quick as possible and want to try and avoid the potential of human error.
To delete your InstaForex account, contact their customer support team, who will xcritical website guide you through the process and ensure all necessary steps are taken. To open an account with InstaForex, visit their official website, fill out the registration form, provide the required documentation for verification, and fund your account. Additionally, the website offers valuable services for analytics. Of course, InstaForex analytics does not provide 100% accuracy in forecasts. Trading solely based on these articles, without understanding their content, is probably not the best idea. Nevertheless, InstaForex’s analytics can be successfully used to gain a deeper understanding of the market and to adjust your trading decisions.
