InstaForex broker Accounts

instaforex Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: instaforex Account Types Explained

InstaForex offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced users. Below is an overview of the available account types, their features, and the target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 3 pips; no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Access to all trading instruments, including Forex, CFDs, and cryptocurrencies.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, cryptocurrencies, and indices.

2. Cent Account

• Minimum Deposit Requirement: $1
• Spread/Commission Structure: Variable spreads starting from 3 pips; no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Ideal for practicing trading strategies with real money in smaller amounts.
• Target User Profile: Beginners looking to minimize risk.
• Trading Instruments Available: Limited to Forex pairs.

3. ECN Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Tight spreads starting from 0.0 pips; commission of $6 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access with no dealing desk intervention.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, and indices.

4. Pro Account

• Minimum Deposit Requirement: $1000
• Spread/Commission Structure: Variable spreads starting from 1 pip; no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Enhanced trading conditions and priority support.
• Target User Profile: Experienced traders.
• Trading Instruments Available: All trading instruments.

5. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on the type chosen.
• Leverage Options: Up to 1:1000.
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: All trading instruments.

6. Demo Account

• Minimum Deposit Requirement: Virtual balance (no real money required).
• Spread/Commission Structure: Variable spreads similar to live accounts.
• Leverage Options: Up to 1:1000.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and experienced traders testing strategies.
• Trading Instruments Available: All trading instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Cent Account, Standard Account
• Intermediate: Standard Account, Pro Account
• Advanced: ECN Account, Pro Account

Part 2: Detailed instaforex Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Cent Account: $1

• Standard Account: $100

• ECN Account: $100

• Pro Account: $1000

• Islamic Account: $100

• Demo Account: Virtual balance

• Maximum Leverage:

• All accounts offer leverage up to 1:1000, except for ECN accounts which offer up to 1:500.

• Spreads (Typical/Minimum):

• Standard Account: From 3 pips

• Cent Account: From 3 pips

• ECN Account: From 0.0 pips

• Pro Account: From 1 pip

• Islamic Account: Similar to Standard or ECN

• Commission Fees:

• Standard, Cent, Pro, and Islamic accounts have no commission.

• ECN Account: $6 per lot.

• Lot Size:

• Standard Account: Standard lots (100,000 units)

• Cent Account: Mini lots (1,000 units)

• ECN Account: Standard lots

• Pro Account: Standard lots

• Islamic Account: Standard lots

• Demo Account: Virtual lots

• Available Trading Platforms:

• All account types support MT4 and MT5 platforms.

• Execution Type:

• Standard and Pro Accounts: Market execution.

• ECN Account: ECN execution.

• Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Swap-free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Unlimited access to practice trading with virtual funds.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Access to a wide range of instruments.
• Disadvantages:
• Higher spreads compared to ECN accounts.

Cent Account

• Advantages:
• Extremely low minimum deposit.
• Ideal for beginners.
• Disadvantages:
• Limited trading instruments.

ECN Account

• Advantages:
• Tight spreads and direct market access.
• Suitable for scalpers.
• Disadvantages:
• Higher commission fees.

Pro Account

• Advantages:
• Enhanced trading conditions.
• No commission fees.
• Disadvantages:
• Higher minimum deposit requirement.

Islamic Account

• Advantages:
• Complies with Islamic finance principles.
• No swap fees.
• Disadvantages:
• May have limited availability based on account type.

Demo Account

• Advantages:
• Risk-free trading environment.
• Unlimited access to practice.
• Disadvantages:
• No real profit potential.

Part 3: instaforex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Residents of certain countries may be restricted from opening accounts.
• Prohibited Countries: Specific countries may be restricted based on local regulations.

Identity Verification Documents Needed

• Government-issued ID (passport or national ID).
• Proof of residence (utility bill, bank statement, etc.).

KYC/AML Compliance Procedures

• InstaForex adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification during the account opening process.

Verification Time Frames

• Account verification typically takes up to 24 hours, depending on the completeness of the submitted documents.

Part 4: Step-by-Step instaforex Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the InstaForex homepage.
2. Click Registration: Select the "Open Account" option.
3. Personal Information Entry: Fill in required personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
5. Set Trading Preferences: Specify trading preferences such as leverage and base currency.
6. Document Upload: Upload necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes up to 24 hours, depending on document verification.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through the client dashboard or by contacting customer support.

Part 5: instaforex Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practicing trading strategies.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the InstaForex website and select the "Open Demo Account" option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited to virtual funds; no real profits can be made.
• May have a time limit on usage.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time, typically up to 30 days, unless extended.

Part 6: instaforex Islamic Account Details

Swap-free/Islamic Account Availability

• InstaForex offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations compared to standard accounts.

FAQs – instaforex Account Types & Opening

1. What account types does instaforex offer？

• InstaForex offers Standard, Cent, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Cent Account: $1, Standard Account: $100, ECN Account: $100, Pro Account: $1000, Islamic Account: $100.

1. How long does instaforex account verification take？

• Verification typically takes up to 24 hours.

1. Does instaforex offer demo accounts？

• Yes, InstaForex offers demo accounts for practice trading.

1. Can I have multiple account types with instaforex？

• Yes, traders can open multiple accounts of different types.

1. Does instaforex offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a instaforex account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through the client dashboard or customer support.