hi to everyone here
I will enumarate the main peculiarities of trading through InstaForex, which were not enumerated before.
1.The special pip size for all kinds of accounts – 10000. It means that while making a deal for 1 pip on EUR USD with leverage 1:000 the magin will be 160 USD, pips price will be 1 USD. In other words the price of the pip will be equal (for couples EUR USD, GBP USD, AUDUSD and XXXUSD) or approximately equal (for FX crosses) to the pips value (for 1 pip deal – 1USD, for 0.01 pip deal – 0.01 USD)
So why are we using such system? Because of two reasons. The first – it’s very convenient for calculating the pip’s price, which is always equal to the deal’s volume. The second – it’s good opportunity for keeping money management even with big quantity of deals. As scalping is allowed, it’s very important for our clients.
2.The opportunity to work without spread on accounts like Eurica. While working on accounts without spread, you can always buy currency at the same price as you sold it. It spares the necessity of taking into account spread influence on order activation price, which is necessary both for traders – beginners (easy work with pending orders) and professionals (each pip is important while making technical analysis ). While making deals on accounts like Eurica you just pay commission, which doesn’t exceed ordinary spread for this couple and you get all this advantages which gives you spread trading.
