InstaForex Minimum Deposit
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This is the right place for you to collect accurate information about InstaForex minimum deposit. Apart from being a trusted broker, InstaForex has earned a considerable reputation for its low minimum deposit requirements.
InstaForex was founded in 2007 as a top leading international Forex broker that traders from all over the world can use to trade. For both novices and professionals, the company offers various leveraged financial products.
Introduction about InstaForex minimum deposit
For opening an account with InstaForex, a minimum deposit of $1 is required. The minimum deposit amount for first-time traders will vary depending on the type of trading account selected. Deposits can be activated within 72 hours of completion. The deposit amount for the live account registration is $1, which is equal to ZAR17,59.
As a Russian broker, InstaForex is regulated and authorized by the FSC, the BVI FSC, and the CySEC.
|Minimum Deposit||US 1 Dollar|
|Deposit Fees||No Fees|
|Base Currencies||EUR, USD and GBP|
To comply with the trading account, there are strict regulations and customs that a trader must follow. All the client funds should be kept separate from the broker account, which the trader can use for any trading activity.
Different deposit methods available at InstaForex
Traders are not charged a fee when they deposit funds into their trader accounts. A variety of payment methods are available, which you can use to add a minimum deposit to your account. A few of the standard methods are:
- Credit/Debit Cards
- Bank Wire Transfer
- Southeast Asia Bank Transfer
List of currencies supported by InstaForex
InstaForex supports three major deposit currencies, which the traders can use to start funding their accounts. Including:
If you are not using any of the above currencies, then for using a non-supportive currency, a conversion charge will be applied by the payment provider. Few base currencies supported by this platform are EUR, USD and GBP.
InstaForex minimum deposit vs other brokers: Comparison table
In the below table, we will compare the minimum deposit details of InstaForex with other top famous forex brokers:
|Number of deposit methods||7||11||9|
How to deposit money on InstaForex?
Once you have been approved for a real account and have made your first profit in the demo account, it’s time to later make your first deposit with InstaForex. For all countries, the broker platform offers 20 different payment methods. In addition, you may be able to choose another payment method depending on where you live.
One classic approach is to use regular bank transfers or electronic payment methods. Bank transfer will take 1-2 days to complete the deposit process. Another significant benefit is that InstaForex charges no fee over the deposit.
Does InstaForex offer any deposit bonus?
Traders on InstaForex will receive a welcome bonus of 30% of the amount deposited into their accounts. The bonus amount is deposited directly into the trader’s account in just one week.
International customers can take advantage of the deposit bonus, but European customers cannot due to specific regulations. It is an excellent way for the trader to increase their account balance by taking advantage of the bonus.
A trader can also receive a bonus of 100%, but certain conditions must be met. One of the best things about the bonus is that you can also withdraw it, which no other broker platform offers.
Few more bonuses available for international traders are:
- First deposit bonus of 100%
- Deposit bonus of around 55%
- Deposit bonus of up to 30% with other club bonuses
- InstaForex club bonus of up to 30%
- Other monthly promotions
More information about InstaForex
- Maximum 107 currency pairs
- 88 US Stocks
- Silver and Gold trading
- CFDs on the futures
- Binary Options
- Spread is starting from 0.0 pips
- Various types of trading accounts
- Leverage of up to 1:1000 (international) and around 1:30 (EU)
- Fast execution processing with ten servers
Pros & cons of InstaForex
- No fee is charged for the deposit
- Available with a variety of deposit payment methods
- Quick deposit processing
- Limited deposit currencies
1. What is the minimum deposit requirement for InstaForex?
InstaForex has the minimum deposit requirement of 1 US Dollar. In comparison with other brokers who even require $500, this is quite a low deposit amount. As a result, InstaForex is a reliable choice even for beginners.
2. How can you deposit money into InstaForex?
Money can be deposited into InstaForex using Neteller, Skrill, Visa Cards, Bank Transfers, Qiwi and MasterCard. In addition, you can also pay in cash by visiting their offices.
Each deposit method will have a different processing time, i.e. Neteller is instant, Yandex money takes 3 hours, Qiwi requires 15 minutes, and Visa, MasterCard, and Skrill take up to 24 hours.
3. Does InstaForex charge any deposit fees?
InstaForex does not charge any deposit fees on your trading account. But a small commission is charged by a bank or payment system that debits or credits your account.
4. How can you withdraw money from InstaForex?
Methods of withdrawing your money from InstaForex are similar to those which you use when depositing the money. This includes Wire Transfer, Credit or Debit Card, as well as digital e-Wallets.
InstaForex: Is it a legit broker to trade with?
Finally, InstaForex is a great and reliable CFD broker offering some excellent trading conditions. They have competitive spreads with high leverage and minimum deposit level.
The platform started working in 2007. It is regulated by FSC and CySEC, which makes it a trustworthy platform to invest your trades on. So visit their official website and open your trading account right now.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst