Types of InstaForex Trading Accounts
To help traders create successful trading strategies, instaforex presents two different trading account types based on spread and commission calculation methods. Each account type offered by InstaForex represents a universal trading tool that helps work in international financial markets. Regardless of the account type chosen, you will have access to every available trading symbol, when working with InstaForex.
The following is a choice of trading account types that you can use according to the trading strategy you will use, each account has different conditions and advantages.
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).
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 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 account types are developed for beginning traders and oriented to those clients who just learn to trade, 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.
Start Trading With Minimum Lot Size, 1 lot equals $1 per pip for Standart and Eurica Account type