How much does it cost to trade with InstaForex? – Spreads & fees explained

If you’re thinking of forex trading, InstaForex is a great choice. Now, you might have questions about the fees and charges involved with trading on this platform? Well, you’re not the only one.

When using any trading platform, traders are often required to pay commissions, trading fees, and broker fees. They vary across platforms, which makes it confusing when starting. Luckily, we’ve got you covered about all the charges when using InstaForex.

What is InstaForex?

Operating since 2007, InstaForex is among the most extensive broker services globally. It boasts a user base of over 7 million traders and allows you to trade seamlessly on assets across borders. 

The platform gives you access to over 300 instruments for trading. It’s authorized by FSC or Financial Services Commission, under the British Virgin Islands. It’s regulated and supervised by SVGFSA and CySEC. That makes InstaForex an extremely reliable broker you can put your trust on.

Is InstaForex free?

InstaForex is a market leader when it comes to trading platforms. One of the reasons traders often prefer the platform is down to its incredibly low charges.

Let’s make one thing clear, InstaForex is not free. There are fees levied depending on the nature of the transaction. 

InstaForex continues to attract customers because of the benefits it provides to its users. As such, it gives users access to a free and unlimited demo account. There’s also no indication of InstaForex claiming an inactivity fee from its users, like some other trading platforms. 

Instead, with the new No Deposit Bonus, traders can benefit from registering on the platform. Once you’ve signed up, InstaForex debits a $500 bonus in your account to get you started right away. If you make a profit, you can withdraw the entire amount from your account.

InstaForex logo

Does InstaForex charge a commission?

InstaForex is not a free platform and charges its user fees and commission. The commission helps smooth conducting of trading operations. However, traders don’t need to worry about daily rolling commissions.

Although the platform charges one of the lowest commission rates in the market, it can still vary between traders. That’s down to a few simple reasons:

  • The first reason is- Currency Pair Liquidity. There’s a difference in commission rates for the classical and exotic currency pairs. The latter usually have a higher commission rate, accounting for this difference.
  • The volume of the transaction also determines the commission. Understandably the fees are much lower for smaller transactions in comparison to the high-value ones.
  • The commission fees on Forex trading are also dependent on the market conditions. Commission also rises during a period of low liquidity. 

What are fees and spreads?

Fees refer to the payment customers make to the broker in exchange for their services. It’s a common feature of most trading platforms. These payments are almost always fixed and rarely changes.

The other thing to keep in mind when using InstaForex is spread. It refers to the difference between two prices. It’s the way how brokers earn profits after each successful trade. In other words, you can imagine it as a brokerage charge. Spreads are generally expressed in terms of pips or percentage points.

Unlike fees, spreads aren’t static. They can either be fixed or floating. Hence, it’s important to always follow the spread rate before committing when trading. To make a profit, the spread price needs to be below the market price.

Overview of deposit and withdrawal fees

Any fees or commission on InstaForex is dependent on the withdrawal methods. The below can give you a conclusive idea about the various costs involved.

Bank Transfer




       Deposit Fee
Inward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: €8 
Same Currency > € 2.000 equivalent – cost: €16
Different Currency ≤ € 2.000 equivalent – cost: €8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: €16 + 0.1%, Min € 5, Max € 340





Withdrawal Fees
Outward Payments in EUR
SEPA ≤ € 2.000 – cost: € 5
SEPA > € 2.000 and ≤ € 50.000 – cost: € 10
SEPA > € 50.000 – cost:10 EUR + 0.1%, Min € 5, Max € 340
SWIFT ≤ € 2.000 – cost: € 5 • SWIFT > € 2.000 and ≤ € 50.000 – cost: € 10 + € 15
SWIFT > € 50.000 – cost: € 10 + 0.1%, Min € 5, Max € 340








Withdrawal Fees
Outward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Same Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 
Different Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 
From EUR, ≤ € 2.000 equivalent – cost: € 8 +0.1%, Min € 5, Max € 340 
From EUR, > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 

InstaForex supports MetaTrader
InstaForex supports MetaTrader

FairPlay

Deposit Fee2%
Withdrawal FeesSEPA: 5 €

Sofort

Deposit Fees-0.25 EUR + 2% 





Withdrawal Fees
Outward Payments in EUR 
SEPA ≤ € 2.000 – cost: € 5 
SEPA > € 2.000 and ≤ € 50.000 – cost: € 10 
SEPA > € 50.000 – cost:10 EUR + 0.1%, Min € 5, Max € 340
SWIFT ≤ € 2.000 – cost: € 5 
SWIFT > € 2.000 and ≤ € 50.000 – cost: € 10 + € 15 
SWIFT > € 50.000 – cost: € 10 + 0.1%, Min € 5, Max € 340 







Withdrawal Fees
Outward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Same Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 
Different Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 
From EUR, ≤ € 2.000 equivalent – cost: € 8 +0.1%, Min € 5, Max € 340 
From EUR, > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340 

Skrill

Deposit Fees-0.29 EUR + 3.9%
Withdrawal Fees1%

Neteller

Deposit Fees0.29 USD + 3.9 %, Minimum fee charged 1 USD
Withdrawal Fees2% fee, minimum fee 1USD 

Visa/MasterCard

Deposit Fees0.25 EUR + 1.6% 
Withdrawal Fees1 USD or 1 EUR 

InstaForex bonus
InstaForex bonus

Payoma

Deposit Fees0.50 USD OR 0.40 EUR + 3%
Withdrawal Fees-1.50% + 6 EUR or 1.50% + 7.50 USD

B2BinPay

Deposit Fees-No Deposit Fee
Withdrawal FeesCommission 1%

Giropay

Deposit Fees0.29 EUR + 3.90% 





Withdrawal Fees
Outward Payments in EUR
SEPA ≤ € 2.000 – cost: € 5
SEPA > € 2.000 and ≤ € 50.000 – cost: € 10
SEPA > € 50.000 – cost:10 EUR + 0.1%, Min € 5, Max € 340
SWIFT ≤ € 2.000 – cost: € 5 • SWIFT > € 2.000 and ≤ € 50.000 – cost: € 10 + € 15
SWIFT > € 50.000 – cost: € 10 + 0.1%, Min € 5, Max € 340






Withdrawal Fees
Outward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Same Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
Different Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
From EUR, ≤ € 2.000 equivalent – cost: € 8 +0.1%, Min € 5, Max € 340 
From EUR, > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
Do you know the FxBot yet?
Do you know the FxBot yet?

Przelewy24 and BLIK 

Deposit Fees0.29 EUR + 3.90% 




Withdrawal Fees
Outward Payments in EUR
SEPA ≤ € 2.000 – cost: € 5 
SEPA > € 2.000 and ≤ € 50.000 – cost: € 10
SEPA > € 50.000 – cost:10 EUR + 0.1%, Min € 5, Max € 340
SWIFT ≤ € 2.000 – cost: € 5 • SWIFT > € 2.000 and ≤ € 50.000 – cost: € 10 + € 15
SWIFT > € 50.000 – cost: € 10 + 0.1%, Min € 5, Max € 340






Withdrawal Fees
Outward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Same Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
Different Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
From EUR, ≤ € 2.000 equivalent – cost: € 8 +0.1%, Min € 5, Max € 340 
From EUR, > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340

Free VPS hosting for InstaForex customers
Free VPS hosting for InstaForex customers

iDeal 

Deposit Fees2%





Withdrawal Fees
Outward Payments in EUR
SEPA ≤ € 2.000 – cost: € 5 
SEPA > € 2.000 and ≤ € 50.000 – cost: € 10
SEPA > € 50.000 – cost:10 EUR + 0.1%, Min € 5, Max € 340
SWIFT ≤ € 2.000 – cost: € 5 • SWIFT > € 2.000 and ≤ € 50.000 – cost: € 10 + € 15
SWIFT > € 50.000 – cost: € 10 + 0.1%, Min € 5, Max € 340






Withdrawal Fees
Outward Payments in Foreign Currency 
Same Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Same Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
Different Currency ≤ € 2.000 equivalent – cost: € 8 + 0.1%, Min € 5, Max € 340 
Different Currency > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340
From EUR, ≤ € 2.000 equivalent – cost: € 8 +0.1%, Min € 5, Max € 340 
From EUR, > € 2.000 equivalent – cost: € 16 + 0.1%, Min € 5, Max € 340

Fees and spread of the accounts

InstaForex offers its users four different account types. Each of them has their benefits and differ in fees and spread.

Insta.Standard account

The minimum deposit for the account is $1.
There’s no upper limit on the deposit.
The spread ranges from 3-7.
There are no commission fees.
The payment is instant.
Deposits are allowed in USD and EUR.

Insta.Eurica account

The minimum deposit for the account is $1.
There’s no upper limit on the deposit.
There are no spreads.
Commission fees vary between 0.3%-0.7%.
The payment is instant.
Deposits are allowed in USD and EUR

Cent.Standard account

The minimum deposit for the account is $1.
There’s no upper limit on the deposit.
The spread ranges between 3-7.
There are no commission fees.
The payment is instant.
Deposits are allowed in USD Cents and EUR Cents.

Cent.Eurica account

The minimum deposit for the account is $1.
There’s no upper limit on the deposit.
There are no spreads.
Commission fees vary between 0.3%-0.7%.
The payment is instant.
Deposits are allowed in USD Cents and EUR Cents.

In addition to the above fees, there are certain other fees you should know of.

InstaForex awards
InstaForex awards

Overnight fees

Overnight Fees are standard in most Forex and CFD platforms. It refers to charges that become applicable when the same position is held for a long while. In other words, if a trader doesn’t close the position within a stipulated time and continues to hold it overnight, they need to pay a fee known as Overnight Fees.

 If you hold a trade for a substantially long time (more than a day), you need to pay an Overnight fee on InstaForex. The fee comes into effect after the end of each day, once the market closes. Note that the fee triples on Fridays.

Inactivity fees

For a trader, creating an account on a trading platform is the first step of the process. The account needs to remain active and can’t be dormant for an extended period of time. However, if you’ve to handle several accounts, that’s a mistake you can easily make.

For avoiding this exact scenario, brokers charge an Inactivity Fee from their users. However, InstaForex doesn’t fall in this category. They don’t levy an inactivity fee from its users. 


Conclusion

Much of the problems in online trading arise out of confusion over the rules and regulations of a platform. That’s why it’s essential to learn about the charges, spreads, and commissions payable on InstaForex. It removes any confusion and helps plan your strategies better.

FAQ – The most asked questions about cost to trade with InstaForex :

How much time does it take to recharge my trading account?

You can deposit money instantly through PayCo or Neteller. Depositing money using Tether, Dash, Ethereum or Bitcoin takes a while longer. Nevertheless, the transaction usually takes three hours to complete.
Depositing via credit/debit card takes an entire day. A bank transfer is also a lengthy process and takes 1-4 days to complete.

Are there any fees to deposit money?

InstaForex doesn’t charge its customers when depositing money in their accounts. However, your payment method might determine whether you need to pay a fee to the bank or the service provider.

Is there a minimum withdrawal amount?

InstaForex has a minimum withdrawal amount of $1 when withdrawing money through e-wallets, cards, or cryptos. For bank wire, the minimum amount a user needs to withdraw is $300. 

Can the spread increase during news releases?

InstaForex works hard to maintain a stable trading environment, especially during news releases. The platform has the trust of its users as it never increases the spread during such events.

Is there any restriction on advisors?

InstaForex has no restrictions on expert advisors. The users can seek advice at their own discretion.

Can I owe money to InstaForex?

A trader can never owe money to the platform. If they lose an amount greater than in their trading account, the platform covers their losses to zero.

Are there micro accounts and mini accounts?

On the platform, trading is conducted using micro and mini lots. It allows a user to trade a 0.01 lot. That’s the same as a micro account.

Can I have more than one account?

There isn’t any restriction prohibiting you from having more than one account under the same name.

Can I only buy limited options daily?

There exists no daily limit on the number of options you can buy each day.

What are the working hours for the stock exchange?

Trading starts from GMT+00 on Sunday and continues until GMT+00 on Friday.

What do you mean by InstaForex fees for swap?

Many brokers charge traders a swap fee. Usually, this fee accrues to the position that any trader keeps open overnight. So, if you trade on InstaForex and keep your position open overnight, you might have to pay InstaForex fees for the swap. However, traders can avoid this InstaForex fee. The broker offers you a swap-free feature. If you opt for this feature, you can skip paying the swap fees for keeping your positions open overnight.  

Does a trader need to pay the InstaForex fees for withdrawal?

No, traders need not pay InstaForex fees for making an InstaForex withdrawal. All payment methods that you use for withdrawing your funds are free. Sometimes, your bank might seek transfer fees from you. InstaForex does not cover this fee. A trader will have to bear it on his own. 

Are there any InstaForex fees for using MT4 or MT5?

Traders can use the leading platforms, such as MT4 or MT5, on InstaForex. Thankfully, there are no InstaForex fees that a trader has to pay for using these platforms. By customizing your trading tools, you can use these platforms and enjoy a great trading experience. However, you must fund your trading account using the MT4 or MT5 platform. 



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Last Updated on January 27, 2023 by Arkady Müller