InstaForex minimum deposit: How to deposit money?

Are you thinking about opening an account in InstaForex? Wondering what the minimum deposit amount to open a trading account is? There are many like you who are curious and have the same questions. The ability to save during the pandemic has encouraged people to invest more in Forex trading. According to data, Forex trading increased to 300% during the pandemic. 

InstaForex at a glance

Founded in 2007, Instaforex is a leading international Forex broker offering traders across the world to trade seamlessly. It’s a highly recommended company for both novices and professionals as they provide leveraged financial products. Being a Russian broker, this company is certified and controlled by FSC, the BVI FSC, and the CySEC.

What does InstaForex offer?

InstaForex allows you to trade on a variety of assets. That includes:

  • Currencies– The prices of a currency are never stagnant. It’s constantly changing. On InstaForex, you can trade on them. Purchase the rising one and let go of the falling currencies.
  • Stocks- The platform allows you to trade on stocks worldwide. Access to live charts and swift transactions helps you to maximize your profits.
  • Indices- The opportunity of indices trading on InstaForex lets you speculate on the leading markets in the world. You can leverage your position in equity markets worldwide.
  • Cryptocurrency- InstaForex doesn’t limit its users to only trade in Bitcoin. You can jump around the market trends and invest in 12 cryptocurrencies.
  • Oil and Gas- The broker is also the home to real-time oil and gas trading. It completes certified transactions and creates a smooth buying experience for its users.
  • Commodity Futures- InstaForex provides you with live data, quotes, and a vast number of charts and screens. The abundance of data simplifies the trading and helps you improve your margins.
  • Metals– The trading platform lets you invest in metals like Silver, Gold, and Palladium. These are certified purchases and are safe bets on your part.
  • InstaFutures- Instafutures is the latest in the line of trading instruments on the platform. It’s a short time contract that helps you earn on the fluctuations in the price of USD and EUR currencies.

How much is the InstaForex minimum deposit?

Well, the minimum deposit amount for InstaForex when opening a trading account is one US dollar. However, the method’s minimum amount fees may vary for first-time traders depending on the kind of trading account they have chosen. Simultaneously, traders should ensure their deposits are sufficient to meet the margin requirement at the start of every trade. 

Deposit initiation can take up to seventy-two hours. Since InstaForex has a 10K lot, it facilitates trading more petite than a standard 100k lot. 

Features of InstaForex

Minimum Deposit
$10
Withdrawal Fees
No Fees when using PSP
CFD Fees
0.0-0.3 pips
Trading Fees
No fees are required
Inactivity Fees
$10 fees after 90 days of inactivity
Base Currency
USD, EUR

There are strict regulations and customs that the traders need to oblige to open and manage their trading account in InstaForex. Here, traders engage in trading by using the funds kept in a segregated account with top-tier banks. It guarantees that the client’s funds cannot be used for operational requirements but only for trading activities of the client. 

Various payment methods provided at InstaForex

The good thing is you won’t be charged fees when putting funds into the trader’s account. A wide range of payment procedures is available to allow traders to put a minimum deposit to the account. Some of the standard methods for both deposits and withdrawals include, but are not restrained to:

  • Bank Wire Transfer
  • Southeast Asia Bank Transfer
  • Credit/Debit Cards
  • Skrill
  • Bitcoin
  • Neteller, and many others.

Even though InstaForex doesn’t charge any fees when adding the deposit fund, the financial institution or the payment provider can waive extra fees for transactions. It is advisable to verify these fees prior to making a deposit. 

Traders should remember that third-party payments are not allowed by InstaForex as part of AML methods. The account from where the fund is paid should display the name in which the trader has registered their trading account. Or else, the money will be returned to the source. 

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

Tradable assets on InstaForex

  • Currencies
  • Stocks
  • Indices
  • Oil and Gas
  • Commodity Futures
  • Cryptocurrencies
  • InstaFutures
  • Metals

With InstaForex, you get powerful trading tools and platforms, flexible account choices, and the best educational material to help you become a professional trader. 

Currently, InstaForex has over 7,000,000 registered traders worldwide. Also, the broker is devoted to offering access to powerful trading platforms and the best possible execution speeds, competitive trading costs, and tight spreads. 

Types of InstaForex account

InstaForex offers four primary accounts with individual trading regulations that meet the goal of providing traders an engaging trading experience in conjunction with the ideal pricing schedule. 

The main InstaForex accounts are:

  • Insta.Standard account
  • Insta.Eurica account
  • Cent.Standard account, and
  • Cent.Eurica account

Insta.Standard accounts

It has the following features:

  • In addition to providing access to traders with every tradeable financial instrument, this account type offers general trading terms on the forex market. 
  • While using this account, traders need to pay a set spread from 3 pips with zero commission charges.
  • The lowest deposit for a micro account is 1 US dollar. However, you have to add a deposit of 100 US dollars for a mini account plus US dollar 1,000 for a general account of the Insta. Standard Account. 
  • Leverage traders with a minimum lot size of 0.01 and a maximum of 1000 lots have access to a maximum of 1:1000. 
Deposit Currency
EUR, USD
Minimum Deposit
1 USD
Maximum Deposit
No Limit
Spread
3 to 7
Fee
0
Minimal Trade
0.01 of the lot
Maximum Trade
10,000 lots
Leverage
1:1-1:1000
Margin for locks 
25%
Margin Call
30%
Stop Out 
10%
Order
Instant Execution

Insta.Eurica account

It has the following features:

  • This account is known for its absence of spreads. Generally, zero spreads are available for maximum trading instruments, so the bid price is always the same as the asking price. 
  • Traders must remember that offered price runs higher than the bid price by half of the general spread for a specific trading tool. 
  • Traders do not need to consider spreads in using pending orders. Hence, with zero spreads, a pending order is executed when the price reaches its value. 
  • Traders don’t have to analyze spread’s effect on the position results prior to placing GTC orders and entering the market. 
  • It’s an account type aimed at helping new traders grow by learning the market peculiarities over time. 
Deposit Currency
€, $
Minimum Deposit
1$
Maximum Deposit
No Limit
Spread
0
Fee
0.3 to 0.7
Minimal Trade
0.01 of the lot
Maximum Trade
10,000 lots
Leverage
1:1-1:1000
Margin for locks 
25%
Margin Call
30%
Stop Out 
10%
Order
Instant Execution

Cent.Standard account

It has the following features:

  • It’s a trading account designed for beginners who want to gain experience trading on Forex.  
  • With this account, people can seamlessly access the smallest deal size. 
  • It has the same trading conditions as Insta.Standard accounts have like consisting more spreads, but no commission charges. 
Deposit Currency
€, $
Minimum Deposit
1$
Maximum Deposit
1000 USD
Spread
3 to 7
Fee
0
Minimal Trade
0.10 of the lot
Maximum Trade
10,000 lots
Leverage
1:1-1:1000
Margin for locks 
25%
Margin Call
30%
Stop Out 
10%
Order

Cent.Eurica account

It has the following features:

  • Similar to that of the Cent. Standard Trading Account, it is meant for beginner traders trying to learn in a live trading atmosphere with the smallest trading volume possible, that is 0.1 US cents. 
  • It also has similar trading features and conditions like the Insta.Eurica account. 
  • Bigger spreads as well as commissions between 0.03% to 0.07%. 
Deposit Currency
€, $
Minimum Deposit
1 $
Maximum Deposit
1000 USD
Spread
0
Fee
0.3 to 0.7
Minimal Trade
0.10 of the lot
Maximum Trade
10,000 lots
Leverage
1:1-1:1000
Margin for locks 
25%
Margin Call
30%
Stop Out 
10%
Order
Instant Execution

Islamic account

  • The goal of an Islamic account is to meet the specific needs of Muslim traders who firmly believe in Sharia law. It’s a law that doesn’t allow your followers to pay any interest as they are considered exploitative and wasteful. 
  • To avoid overnight or rollover costs, Muslim investors who observe Sharia law and are considering opening a live trading account with InstaForex must settle all options before the completion of the trading day.
  • The diversity offered by the Instaforex account types makes sure that traders have access to a cost-effective and competitive trading environment in respect of trading and non-trading costs. 

Demo account

InstaForex provides traders the choice of opening a Demo Account that can be used in several ways given below:

  • A practice account that uses fake money to assist new traders in refining their trading abilities and acquiring expertise in a safe manner. 
  • Mainly, traders assess and compare brokers to gain insight into InstaForex trading conditions in a riskless atmosphere. 
  • Also, it helps traders who want to test their trading tactics in a duplicated live-trading environment without risking funds.  

The sign-up process of InstaForex’s demo account is hassle-free and completely digitalized. You could complete the sign-up in a few minutes. Once the trader is registered, demo trading can begin after the trading platform chosen for the account has been downloaded on either:

  • Personal computers that use Windows, macOS, Linux, or
  • Tablets and phones with Android or iOS operating systems.

Furthermore, traders may simply avail trade platforms via any internet browser and use their details to login into their InstaForex Demo account using the WebTrader of the brokerage webpage selected for the demo account.

Step-by-step guide to opening a demo account in Instaforex

Follow these steps if you want to register for and set up your demo account in Instaforex. 

  • Go to the Instaforex website and click on the ‘For Trader’s Tab.’ Navigate to the Opening Account from the dropdown and click on Open Demo Account. 
  • The trader is now directed to a fresh website containing a brief registration form. Here, the trader must provide their full name, email address, country of residence, phone number, account-based currency, and amount of virtual money. 
  • Once the field is completed, click on ‘Open an account. 
  • The trader’s information will get processed under the ‘Open an account’ banner, and the trader will be notified that the accent has been created. 
  • Furthermore, the trader will be given the account number, individual password, investor password, and server.

Deposit currencies

In essence, Deposit currency refers to the currency used for depositing funds in a trading account. It forms the medium for every transaction on the account. Traders can also protect their investments from the cheapening of USD by selecting a different base currency.

For example, you can choose to start an account in Ruble. Such accounts will gain value with a rise in the weight of USD. A Ruble base currency also protects you from the impacts of external factors, like fluctuations in the exchange rate of Ruble.

3 main currencies are accepted by InstaForex for deposit. They are:

  • USD
  • EUR
  • RUB

Conclusion 

Trading can be difficult for those who don’t have the basic knowledge, skill, or experience needed in trading. With the help of demo accounts, beginners can practice, learn, and explore in a risk-free environment. 

A demo account also offers the scope to gain insight into the broker’s offerings without suffering any losses by providing virtual money to practice trading. Besides, it’s an opportunity to experience the live trading environment that will help build trading skills by participating and developing their strategies. 

Nevertheless, the demo account is not entirely intended for beginners. It also allows experienced traders to test their strategies and explore what the broker offers. 

FAQ – The most asked questions about InstaForex minimum deposit :

What is the difference between demo and live trading accounts?

The demo account is a practice account that helps a new trader learn the trading tactics in a risk-free environment. These accounts are perfect for newbies who want to gain experience and insight into forex trading before entering the real trading world. However, advanced traders can also use this account to test their strategies and check out the offers of a broker prior to registering for a live account.

Can you open a demo account in InstaForex?

InstaForex makes it extremely easy for beginners to start trading on their platform. It gives you the option to open a free demo account, that allows you to get up to speed. You can explore the platform and try out strategies, without risking any money.

Does InstaForex offer convert demo accounts into live trading accounts?

Yes, you can convert your demo account into a live trading account in InstaForex. You have to provide the additional information and ID proof and proof of residence that can be quickly done by Client Portal/ Secure Area. 

Does InstaForex charge commission?

Commissions between 0.03% to 0.07% are levied on the Cent.Eurica and Insta. Eurica accounts. It’s a fee you need to pay to execute orders in multiple lots throughout the day. The commission and other fees are also necessary for the maintenance of the platform.

Does InstaForex extra on the Islamic account?

InstaForex does not offer Muslim traders the choice to convert their live trading account into an Islamic account. 

Is InstaForex broker has regulation?

Yes. CySEC, BVI, and SVGFSA control it.

Is InstaForex ideal for beginners and experts?

Yes. InstaForex meets the needs of both experts and beginners seamlessly. Its demo account gives beginners a perfect chance to improve their dealing expertise. At the same time, the wide trading prospect and smooth interface make it a preferred choice for seasoned traders.

Do I need to pay withdrawal fees in InstaForex?

No, you don’t need to pay withdrawal fees to InstaForex. 

What is the withdrawal duration in InstaForex?

It depends on the procedure by which withdrawals are made and the process involved in it. Usually, it requires between one and many business days. 

What is the validity of an InstaForex demo account?

30 days. 

What is the number of instruments that I can trade with InstaForex?

One can trade the following instruments:
Metals
Indices
Stocks
Forex
Oil and Gas
Commodity Futures
Cryptocurrencies

What is the method minimum amount fees for InstaForex?

US Dollar 1.

What does a trader need to keep in mind while making an InstaForex minimum deposit?

A trader must keep several things in mind while making an InstaForex minimum deposit. First, they must use a deposit method that belongs solely to them. Besides, they must verify the deposit method they wish to use. Traders must prove that the deposit method belongs to them. For this, they can upload the bank statement of the account they wish to use for funding their trading accounts. 

What payment methods are available for traders to make InstaForex minimum deposit?

Traders looking forward to making an InstaForex minimum deposit can use the following payment methods. 
Bank transfers
Cryptocurrency
Electronic payments
Debit and credit cards

Do traders have to pay a fee to make an InstaForex minimum deposit?

No, the broker does not charge anything from traders to make the InstaForex minimum deposit. They can use their desired payment method, as all deposits are free on this trading platform. Besides, it also offers free withdrawals. However, traders might have to pay the transfer fee that their banks might levy on them. 

What is the InstaForex minimum deposit?

InstaForex proposes four trading accounts. All of them offer a minimum deposit requirement of 1 USD.



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Last Updated on January 27, 2023 by Arkady Müller