In order to help traders to create a successful trading strategy two account types were developed by the InstaForex Dealer Department specialists. Trading accounts’ types differ by the method of accounting spreads and commissions, which are picked by the trader opening an account.
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 4.00 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.
Standard conditions for trading on Forex with no commissions are applied to ECN accounts. Getting access to all trading instruments, traders pay a floating spread per every deal that is 1.2 pips on average.
ECN accounts are suitable for all categories of traders and enable them to conduct deals with no commissions. Only spreads are charged. The main advantage of this account type is its flexibility as traders can change the leverage at any time and deposit as much as they want. Trading on ECN accounts is available in the Micro Forex mode (with a margin from 1 to 10 USD), the Mini Forex mode (with a margin from 100 USD), and the Standard Forex mode (with a margin from 1,000 USD). The ECN account differs from Insta.Standard and Insta.Eurica by the execution type. The market execution* is applied instead of the instant execution.
*Market execution implies that deals are opened and closed in any case. If the market price changes, then deals are conducted at the updated price.
Standard conditions for trading on Forex with no commissions are applied to ECN Pro accounts. Getting access to all trading instruments, traders pay a floating spread per every deal that is 0.8 pips on average.
This account type is suitable for experienced traders as the minimum deposit required for trading on the ECN Pro account is 1,000 EUR.
Though the ECN Pro account is more convenient for mature traders who are used to working with big sums and minimal spreads, non-professionals and beginners can also open this account type as it provides the same opportunities as the ordinary ECN accounts.
Similar to ECN accounts, ECN Pro differs from Insta.Standard and Insta.Eurica accounts by the execution type. The market execution is applied instead of the instant execution.
This account type has all features of a standard ECN account, comprising market execution, commission-free trading, as well as floating spreads.
The scalping account perfectly suits the needs of those traders who employ the classic scalping strategy on the currency market. This strategy implies opening of short-term deals that are closed once a small profit of several pips is achieved.
The size limitation of the minimal trade equals to 1 lot ($1 per pip) for accounts of Standard and Eurica types with balance over $100,000 or its equivalent in other currencies.
|Deposit currency||EUR, USD, GBP||EUR, USD, GBP||EUR, USD||EUR, USD||EUR,USD|
|Minimum deposit||no limit||no limit||100 EUR||1000 EUR||100 EUR|
|Maximum deposit||no limit||no limit||no limit||no limit||no limit|
|Spreads ||Fixed 2-7||0||Av. Floating 1.2||Av. Floating 0.8||Av. Floating 1.2|
|Minimal trade||0.01 lots||0.01 lots||0.01 lots||0.01 lots||0.01 lots|
|Maximal trade ||10000 lots||10000 lots||10000 lots||10000 lots||10000 lots|
|Margin for locks ||25%||25%||25%||25%||25%|
|Margin Call ||100%||100%||100%||100%||100%|
|Stop Out ||50%||50%||50%||50%||50%|
|Order execution||Instant Execution||Instant Execution||Market Execution***||Market Execution***||Market Execution****|
|Features, Account type|
Insta.Standard: EUR, USD, GBP
Insta.Eurica: EUR, USD, GBP
ECN: EUR, USD
ECN Pro: EUR, USD
Insta.Standard: no limit
Insta.Eurica: no limit
ECN: 100 EUR
ECN Pro: 1000 EUR
Scalping: 100 EUR
Insta.Standard: no limit
Insta.Eurica: no limit
ECN: no limit
ECN Pro: no limit
Scalping: no limit
Insta.Standard: Fixed 2-7
ECN: Av. Floating 1.2
ECN Pro: Av. Floating 0.8
Scalping: Av. Floating 1.2
ECN Pro: 0
Insta.Standard: 0.01 lots
Insta.Eurica: 0.01 lots
ECN: 0.01 lots
ECN Pro: 0.01 lots
Scalping: 0.01 lots
|Maximal trade |
Insta.Standard: 10000 lots
Insta.Eurica: 10000 lots
ECN: 10000 lots
ECN Pro: 10000 lots
Scalping: 10000 lots
|Margin for locks |
ECN Pro: 25%
|Margin Call |
ECN Pro: 100%
|Stop Out |
ECN Pro: 50%
Insta.Standard: Instant Execution
Insta.Eurica: Instant Execution
ECN: Market Execution***
ECN Pro: Market Execution***
Scalping: Market Execution****
 - Spreads are shown in pips.
 - Margin means the percentage of volume of the total deposit that is necessary for maintaining the opposite positions for a single pair.
 - Level, when reached, positions may be forcibly closed.
 - Level, when reached, positions will be automatically closed.
 - The maximum amount of the CFD deal is 100 lots.
 - Zero Spreads symbols are given only for Major and Minor Fx Symbols. (Excluding Fx Exotics, CFDs, Metals, Cryptos, Energy, Indices).
* - For deposits of more than $10,000.00 the minimum trade may be established in the amount of 0.10 lots ($0.10 per pip).
** - For deposits of more than $100,000.00 the minimum trade may be established in the amount of 1.00 lots ($1.00 per pip).
*** - Market execution and floating spreads are only valid for Forex Symbols.
**** - Scalping is allowed only on Forex Symbols.
Spreads and commissions are given for major currency pairs.
Spreads during the night may increase. For Insta.Eurica account type additional spread is added for all symbols during the night.