InstaForex offers competitive fees, but is it the right choice for your trading needs? Let’s dive right into the details!
Key Takeaways
| →InstaForex offers competitive fees for trading, deposits, and withdrawals. |
| →There are no hidden charges or inactivity fees, making it a cost-effective option for traders. |
| →However, some traders may find the commission structure less attractive compared to other platforms. |
| →Understanding InstaForex’s fee structure is crucial for making informed trading decisions. |
📍Elite Signals offers real-time insights
Use code "20off" for 20% off any plan.
🚀
➤ Elite Signals | Stock, Crypto, & Forex
InstaForex Fees and Charges Explained 🧐
Table of content
- InstaForex Fees and Charges Explained 🧐
- Trading Fees: Spreads and Commissions 😯
- Deposit and Withdrawal Fees 🏦
- Inactivity Fee: None! 🎉
- Pros and Cons of InstaForex Fees 💼
- Advantages 👍
- Disadvantages 👎
- Conclusion: Is InstaForex the Right Choice for You? 🤔
- Trading Platform Fees: • Learn more about Trading Platform Fees 📝
- Part 1:
- Part 2:
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Trading Fees: Spreads and Commissions 😯
InstaForex offers competitive trading fees in the form of spreads and commissions. The spreads vary depending on the account type and the financial instrument being traded. For example, the spreads for Forex trading start from 1 pip, while for CFDs and other instruments, the spreads may be higher. Let’s delve deeper:
- 📌 Forex: Spreads start from 1 pip on major currency pairs.
- 📌 CFDs: Spreads can range from 2 to 10 pips, depending on the asset.
- 📌 Cryptocurrencies: Spreads can be as high as 100 pips for volatile crypto assets.
As for commissions, InstaForex uses a tiered commission structure based on the trading volume. For example, the commission on Forex trading can range from 0.03% to 0.07% per trade, depending on the account type and trading volume. However, some traders might find this commission structure less attractive compared to other trading platforms.
Deposit and Withdrawal Fees 🏦
Good news! InstaForex does not charge any fees for deposits or withdrawals, making it an affordable choice for traders. However, it’s important to note that your bank or payment provider may charge fees for transactions. It’s always a good idea to check with your bank or payment provider for any additional charges.
Inactivity Fee: None! 🎉
Unlike some trading platforms, InstaForex does not charge an inactivity fee. This means that even if you don’t trade for an extended period, you won’t be charged any fees for keeping your account open.
Pros and Cons of InstaForex Fees 💼
Advantages 👍
- ✅ Competitive trading fees with tight spreads on major currency pairs.
- ✅ No deposit or withdrawal fees.
- ✅ No inactivity fees for traders who take occasional breaks.
Disadvantages 👎
- ❌ Some traders might find the tiered commission structure less attractive compared to other platforms.
- ❌ Higher spreads for CFDs and cryptocurrencies, which might not be suitable for all traders.
Conclusion: Is InstaForex the Right Choice for You? 🤔
InstaForex offers a competitive fee structure with tight spreads on major currency pairs and no deposit or withdrawal fees. Additionally, the lack of inactivity fees makes it an attractive option for traders who may need to take occasional breaks. However, some traders might find the commission structure less appealing compared to other platforms, and the higher spreads on CFDs and cryptocurrencies may not be suitable for everyone.
Ultimately, it’s important to understand your trading needs and financial goals before choosing a platform. Understanding the fee structure of your chosen trading platform, including InstaForex, is an important step in making informed trading decisions. 🎯
Remember: Fees are just one factor to consider when choosing a trading platform. Other factors like platform features, customer service, and the range of available financial instruments should also be considered. 🧠💡
Happy Trading! 🚀
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
Our Total Score:
Industry Average Ratings and Reviews:
Platform Security:
Cost of trading:
Trade Interface expirance:
Platform Resources:
🏢Company Background:
| Data | InstaForex | |
|---|---|---|
| Regulatory Compliance? | Yes | |
| Publicly traded company? | No | |
| Does it offer banking services? | No | |
| Year Founded | 2007 | |
| Country headquarters | British Virgin Islands | |
| Website Language Options | en, bul, cz, de, es, fr, ne, po, pol, ru, slo, it | |
| Separate Client Funds? | Yes | |
| Non-ESMA Branches Available? | Yes | |
| EU Clients Accepted? | No | |
| US Clients Accepted? | No | |
| Canadian Clients Accepted? | (Yes only Ontario and Alberta) |
📍Elite Signals offers real-time insights
Use code "20off" for 20% off any plan.
🚀
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
| Data | InstaForex | |
|---|---|---|
| Forex (e.g. USDJPY or EURGBP) | Yes | |
| Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | |
| Funds Van(ARK invest or BlackRock Equity Dividend) | No | |
| CFDs (Google Share in CFD form) | Yes | |
| Cryptos (BTC or ETH) | Yes | |
| Stocks and ETFs (TESL or AAPL) | Yes | |
| Commodities (Gold or Silver market) | Yes | |
| Beginner-friendly (demo-account access) | Yes | |
| Advanced /pro (High-frequency trading, algorithmic trading) | yes MT4, MT5 and Multiterminal | |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | InstaForex | |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | |
| FCA (Financial Conduct Authority) | No | |
| MAS (Monetary Authority of Singapore) | No | |
| FINMA (Swiss Financial Market Supervisory Authority) | No | |
| CFTC (Commodity Futures Trading Commission) | No | |
| MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | |
| ASIC (Australian Securities and Investments Commission) | No | |
| IIROC (Investment Industry Regulatory Organization of Canada) | No | |
| SFC (Securities and Futures Commission) | No |
🏛️Tier 2 Regulatory Authorities:
| Data | InstaForex | |
|---|---|---|
| FMA (Financial Markets Authority) | No | |
| CBR (Central Bank of Russia) | No | |
| FSCA (Financial Sector Conduct Authority) | No | |
| SEC (Securities and Exchange Commission) | No | |
| DFSA (Dubai Financial Services Authority) | No | |
| CBRC (China Banking Regulatory Commission) | No | |
| CySEC (Cyprus Securities and Exchange Commission) | No | |
| ISA (Israel Securities Authority) | No |
🏛️Tier 3 Regulatory Oversight:
| Data | InstaForex | |
|---|---|---|
| Offshore Regulators | No | |
| MMA (Maldives Monetary Authority) | No | |
| EDR (External Dispute Resolution) | No | |
| FSA (Seychelles Financial Services Authority) | No | |
| SCB (Securities Commission of The Bahamas) | No | |
| FSC (Financial Services Commission, Mauritius) | Yes | |
| VFSC (Vanuatu Financial Services Commission) | No | |
| IFSC (International Financial Services Commission, Belize) | No | |
| CIMA (Cayman Islands Monetary Authority) | No | |
| SVG (St. Vincent & Grenadines Financial Services Authority) | No | |
| FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | |
| BMA (Bermuda Monetary Authority) | No | |
| BVI (British Virgin Islands Financial Services Commission) | Yes |
Max Leverage Options:
| Data | InstaForex | |
|---|---|---|
| Leverage for Non-EU Clients | 1000:1 | |
| European Leverage Limits | - | |
| Leverage in Australia | - | |
| US Leverage Restrictions | - | |
| Canadian Leverage Rules | - |
📂Account Offerings:
| Data | InstaForex | |
|---|---|---|
| Demo Account Access | Yes | |
| Expiration of Demo Accounts | No | |
| Account Currency Choices | EUR, USD | |
| Standard Accounts | Yes | |
| Micro-lots Accounts | Yes | |
| Low-cost Account (nano lots) | Yes | |
| Variable Spread Accounts | Yes | |
| Fixed Spread Accounts | Yes | |
| Zero Spread Accounts | Yes | |
| ECN Accounts | Yes | |
| Swap-Free Accounts | Yes | |
| Islamic Accounts | Yes | |
| Professional Trading Accounts | Yes | |
| Active Trader Rewards Program | Yes |
💰Deposits and Withdrawals:
| Data | InstaForex | |
|---|---|---|
| Minimum Deposit Requirements | $1 USD | |
| Minimum Withdrawal Limits | No | |
| Credit Card Options | Yes | |
| Bank Transfer Availability | Yes | |
| PayPal Support | Yes | |
| Neteller Integration | Yes | |
| Skrill Compatibility | Yes | |
| Additional Payment Methods | Bank card, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay transfer, WebMoney, Southeast Asia Bank Transfers, Africa Online Transfers, Bank transfer in PHP via Asia United Bank, Banco de Oro, Bank of the Philippine Islands, Chinabank, Coins.ph, EastWest, EON by Unionbank, ePSBank Online, Landbank, Maybank, Metrobank, Philippine National Bank, RCBC, Robinsons Bank, Security Bank, UCPB, Unionbank | |
| Deposit Processing Time | 1-2 business days | |
| Withdrawal Processing Time | 1-6 business days |
Fees and Charges:
| Data | InstaForex | |
|---|---|---|
| Deposit-related Fees | No | |
| Commissions on Withdrawals | Yes | |
| Overnight/Swap Charges | Yes | |
| Account Inactivity Fees | Yes | |
| Currency Conversion Costs | Yes | |
| Are bonus Programs Available? | Yes |
Security Protocols and Measures:
| Data | InstaForex | |
|---|---|---|
| (2FA) available? | Yes | |
| (SSL) security? | Yes | |
| (AML) Policy Compliance | Yes | |
| Know Your Customer (KYC) | Yes |
🌐Brand Influence:
| Data | InstaForex | |
|---|---|---|
| Twitter Follower Counts | 30.9K |
💹Forex Fixed Spreads:
| Data | InstaForex | |
|---|---|---|
| EUR/GBP Spread Range | No | |
| EUR/USD Spread Range | No | |
| USD/JPY Spread Range | No | |
| GBP/USD Spread Range | No | |
| USD/CHF Spread Range | No | |
| AUD/USD Spread Range | No | |
| USD/CAD Spread Range | No | |
| NZD/USD Spread Range | No |
Trade Execution Methods:
| Data | InstaForex | |
|---|---|---|
| Direct Market Access (DMA) | No | |
| Straight Through Processing (STP) | Yes | |
| Electronic Communication Network (ECN) Execution | Yes | |
| Market Maker Model | No | |
| Non-Dealing Desk (NDD) Approach | Yes | |
| First In, First Out (FIFO) Rule Application | No | |
| 4-Digit Decimal Pricing | Yes | |
| 5-Digit Decimal Pricing | Yes |
Order Types & Tools:
| Data | InstaForex | |
|---|---|---|
| Stop Loss Orders | No | |
| Take Profit Orders | Yes | |
| Limit Orders | Yes | |
| Fill or Kill (FOK) Orders | Yes | |
| Trailing Stop Orders | Yes | |
| Margin Call Alerts | Yes | |
| One Cancels Other (OCO) Orders | No | |
| Guaranteed Stop Loss Orders | No | |
| Negative Balance Protection Measures | Yes | |
| Minimum Trade Sizes | 0.00001 lots | |
| Maximum Trade Sizes | 100 lots |
Available Asset Classes:
| Data | InstaForex | |
|---|---|---|
| Forex Currency Pairs | 107 | |
| Cryptocurrencies | 107 | |
| Commodities | 2 | |
| Equities | - | |
| Market Indices | 7 | |
| Exchange-Traded Funds (ETFs) | No | |
| Futures Contracts | 5 | |
| Options Contracts | 5 | |
| Bonds | No | |
| Metals | No | |
| Agricultural Products | No | |
| Energy Resources | No | |
| Interest Rates | No | |
| Penny Stocks | No | |
| Initial Public Offerings (IPOs) | No | |
| Asset Blends | No | |
| Dow Jones Index | No | |
| FTSE 100 Index | No | |
| DAX Index | No | |
| Nikkei 225 Index | No | |
| Gold Market Trading | No |
Special Account Features:
| Data | InstaForex | |
|---|---|---|
| Multi-Account Manager (MAM) | Yes | |
| Percentage Allocation Money Management (PAMM) | Yes | |
| Social Trading Integration | Yes | |
| Copy Trading Support | Yes | |
| Lot Allocation Money Management (LAMM) | No |
Supported Trading Techniques:
| Data | InstaForex | |
|---|---|---|
| Scalping Strategies | Yes | |
| Hedging Techniques | Yes | |
| Spread Betting Opportunities | No | |
| Automated Expert Advisor (EA) Integration | Yes | |
| Virtual Private Server (VPS) Options | Yes | |
| Application Programming Interface (API) Support | Yes |
Trading Tools and Features:
| Data | InstaForex | |
|---|---|---|
| One-Click Trade Execution | Yes | |
| Signal Trading Availability | Yes | |
| Price Alert Notifications | Yes | |
| Number of Chart Indicators Offered | 51 | |
| Number of Chart Drawing Tools Provided | 31 | |
| Direct Trading From Charts | Yes | |
| Customizable Watchlist | Yes |
Mobile Trading Compatibility:
| Data | InstaForex | |
|---|---|---|
| Android App | Yes | |
| iOS App | Yes | |
| Windows Mobile App | Yes | |
| Mobile Trading Signal Integration | No | |
| App for Smartwatches | No | |
| Forex Mobile Trading | Yes | |
| CFD Mobile Trading | Yes | |
| Alert Notifications on Mobile Devices | Yes | |
| Mobile Charting and Drawing Tools | Yes | |
| Languages Supported on Mobile App | en, ar, es, po, ru, ind, chi | |
| Watchlist Feature on Mobile App | Yes |
Commodity Offerings:
| Data | InstaForex | |
|---|---|---|
| Crude Oil Trading | No | |
| Natural Gas Trading | No | |
| Silver Markets | No | |
| Platinum Trading | No | |
| Copper Trading | No | |
| Soybean Contracts | No | |
| Corn Markets | No | |
| Gold Markets | No | |
| Lithium Markets | Yes |
Stock Trading Fees:
| Data | InstaForex | |
|---|---|---|
| Apple Shares | $0-$2.50 | |
| Amazon (AMZN) Shares | $0-$2.50 | |
| Invidia Shares | $0-$2.50 | |
| META Shares | $0-$2.50 | |
| Ford Motor Co Shares | $0-$2.50 | |
| Alphabet (GOOGL) Shares | $0-$2.50 | |
| BP Shares | $0-$2.50 | |
| Tesco Shares | $0-$2.50 | |
| Barclays Shares | $0-$2.50 | |
| Lloyds Shares | $0-$2.50 | |
| Adobe (ADBE) Shares | $0-$2.50 | |
| Microsoft (MSFT) Shares | $0-$2.50 | |
| Nvidia (NVDA) Shares | $0-$2.50 |
Index Trading Fees:
| Data | InstaForex | |
|---|---|---|
| FTSE 100 Fee Structure | No | |
| S&P 500 Fee Structure | No | |
| Dow Jones Fee Structure | No | |
| Nasdaq Fee Structure | No | |
| CAC 40 Fee Structure | No | |
| DAX 30 Fee Structure | No | |
| Nikkei 225 Fee Structure | No | |
| Euro Stoxx 50 Fee Structure | No |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | InstaForex | |
|---|---|---|
| Bitcoin Fees | 0%, 0%, Up to 2% | |
| Ethereum Fees | 0%, 0%, Up to 2% | |
| Ripple Fees | 0%, 0%, Up to 2% | |
| Binance Coin Fees | 0%, 0%, Up to 2% | |
| Cardano Fees | 0%, 0%, Up to 2% | |
| Solana Fees | 0%, 0%, Up to 2% | |
| Polygon Fees | 0%, 0%, Up to 2% | |
| Dogecoin Fees | 0%, 0%, Up to 2% | |
| Chainlink (LINK) Fees | 0%, 0%, Up to 2% | |
| Polkadot (DOT) | 0%, 0%, Up to 2% | |
| Avalanche (AVAX) | 0%, 0%, Up to 2% |
Available Trading Platforms:
| Data | InstaForex | |
|---|---|---|
| cTrader Desktop App | No | |
| cTrader Web Interface | No | |
| Mirror Trader Platform | No | |
| ZuluTrade Integration | Yes | |
| MT4 Desktop Interface | Yes | |
| MT4 Web Platform | Yes | |
| MT5 Desktop App | Yes | |
| MT5 Web Interface | Yes | |
| Tradingview | No | |
| Proprietary Desktop Software | No | |
| Proprietary Web-based Platform | Yes | |
| Mac-Compatible Platform Options | No | |
| Sirix Trading Platform | No |
Education Resources:
| Data | InstaForex | |
|---|---|---|
| Education Offerings | Yes | |
| Webinar Offerings | No | |
| Platform Tutorial Videos | Yes | |
| Beginner-Level Trading Videos | Yes | |
| Expert-Level Trading Videos | No | |
| Tutorial guides | No | |
| Terminology Glossary | Yes |
Customer Support Options:
| Data | InstaForex | |
|---|---|---|
| Callback Request Feature | No | |
| Email Support Availability | Yes | |
| Telephone Support | Yes (24/5) | |
| Live Chat support | Yes | |
| Offered Support Languages | en, bul, cz, de, es, fr, ne, po, pol, ru, slo, it |
Research-Tools:
| Data | InstaForex | |
|---|---|---|
| In-Depth Professional Reports | Yes | |
| Social Trading Features - Social Newsfeeds | Yes | |
| Economic Event Calendar | Yes | |
| Daily Email With Trading Ideas | No | |
| Analysis From Trading Central (Recognia) | No | |
| Analysis From Delkos Research | No | |
| AutoChartist Tool | No | |
| Trader Sentiment Metrics | No | |
| Twitter-Based News Updates | No | |
| Facebook-Based News Updates | Yes | |
| Daily Market Commentary | Yes |
Trading Platform Fees: • Learn more about Trading Platform Fees 📝
Part 1:
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
My name is Bart Bregman and I am a full-time professional trader with nine years of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/
Leave a Reply