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Rating Index

Pros

Wide range of payment methods and low minimum deposit requirement, making it accessible for beginner traders.
Strong focus on education and support for traders, including contests and investment in successful traders.
Competitive trading conditions, including high leverage options and favorable spreads for micro accounts.

Cons

Limited regulatory oversight, which may raise concerns for some traders regarding the safety of their funds.
Potential for high volatility in trading, which can lead to significant losses, especially for inexperienced traders.
Customer support may not always be readily available or responsive, leading to potential delays in assistance.

InstaSpot broker Accounts

InstaSpot Account Type

InstaSpot offers a variety of trading accounts designed to cater to different trading needs and strategies. The main types of accounts include:

  • Insta Standard Accounts
    • Minimum Deposit: $1
    • Spreads: Fixed spreads ranging from 3 to 7 pips
    • Commission: No commission
    • Trading Features: Suitable for all types of traders, allows trading with micro, mini, and standard forex.
    • Insta Eurica Accounts
      • Minimum Deposit: $1
      • Spreads: Zero spreads on most currency pairs
      • Commission: 0.02% - 0.07%
      • Trading Features: Recommended for beginners, simplifies pending orders as there is no spread to consider.
      • Float Standard Accounts
        • Minimum Deposit: $15
        • Spreads: Average spread of 1.2 pips
        • Commission: No commission
        • Trading Features: Floating spreads, suitable for those preferring variable costs.
        • Float Pro Accounts
          • Minimum Deposit: $50
          • Spreads: Average spread of 0.8 pips
          • Commission: No commission
          • Trading Features: Designed for more experienced traders with tighter spreads.
          • Cent Standard and Cent Eurica Accounts
            • Minimum Deposit: $1
            • Spreads: Similar to Insta Standard and Insta Eurica
            • Commission: No commission
            • Trading Features: Tailored for beginners with minimal risk, allowing trades with a lot size of 0.0001.

            InstaSpot Broker Account Opening Process

            Opening a live account with InstaSpot is a straightforward process that can be completed in a few simple steps:

            • Accept Terms of Agreement
              • Agree to the terms of the trading operations agreement.
              • Fill Out the Registration Form
                • Complete the required fields in the registration form to receive your trading account number and password.
                • Top Up Your Trading Account
                  • Make a minimum deposit of $1 within 30 days after registration to start trading.
                  • Install Trading Platform
                    • Download and install the preferred trading platform, such as MetaTrader 4, and log in using the provided credentials.

                    By following these steps, traders can quickly set up their accounts and begin trading on the InstaSpot platform.

InstaSpot Similar Broker Accounts

Explore broker markets account types: forex/trading accounts with demo access.

InstaSpot accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
InstaSpot Account