InstaForex is Bookie Broker Isn't it?
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InstaForex is Bookie Broker Isn't it?

Agoeng November 28, 2015 Broker: INSTAFOREX 23
Is it true that Instaforex is a bookie broker?
Is the Eurica account on Insta the same as an ECN account at another broker?
Replies:6

Replies

Trader Discussion

6 Comment
Albi November 30, 2015 Neutral
InstaForex never said that the Eurica account is the same as ECN, a little similar because it has zero spread + commission, doesn't mean it can be called ECN.
agoeng December 5, 2015 Neutral
In CFD Trading and indices, is the swap still applied even though the account type is Swap Free?
IFX Rachman89 January 13, 2016 Neutral
Dear Mr. Agoeng.
Please contact our live support. Thank you :)
Ifx Rachman89 March 10, 2016 Neutral
Dear Mr. Agoeng,
Insta.Eurica Trading Account is the type of account that does not require payment of any spread on opening a deal. Most trading accounts for these currency instruments carry out zero spreads, as can be seen from the Bid and Ask prices which are always the same.

Please note that the Ask price differs from the Bid price (on the scale visible in the trading terminal) by half of the standard spread size to provide a trading instrument covering the total value due to technical irregularities of the MetaTrader 4.00 platform.

This type of trading account is recommended for novice traders because you do not need to consider the spread when using pending orders: pending orders are removed when the price reaches the spread value equal to 0. Before placing a GTC request and entering the market, there is no need to calculate the spread affecting the outcome of the position; this makes the use of technical analysis very effective.

Apart from the fact that this is Insta.Eurica account allows novice traders to trade using a simple trading system; the deal process of this type of trading account system can also be used by professional traders because this trading account has the same characteristics as other types of trading accounts. Insta. Standard.
Suryo April 26, 2016 Neutral
How about the commission? I read on Instaforex that there is a commission for Eurica accounts. Is this commission charged after only opening or closing orders, or both opening and closing have commissions, like in ECN accounts?
InstaForex Yudha June 13, 2016 Neutral
Dear Mr. Suryo,
Please contact our customer support so you can find out more about our program. Thank you.

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