Spot trading means buying or selling an asset which implies immediate delivery, usually in one business day. These contracts are comparable to regular cash deals.
The buyer and the seller determine the contract’s spot date and the price in advance.
Spot contracts are widely used in all markets, particularly in the Forex market. Due to their specificities, not every brokerage firm offers such contracts. Nevertheless, experienced traders know how to make gains from these transactions.
Buying and selling cryptocurrencies with RUB/UAH/KZT, as well as electronic payment systems
Guaranteed execution of orders
Buying and selling fiat currencies
Payments via bank and electronic payment systems
Low commission fees
Affiliate program
24 hours to transfer payment
Earn on exchange rate difference
Convenient interface
Buying and selling electronic payment system currencies with RUB/UAH/KZT and cryptocurrencies
24/7 support
Manual resolution of disputes
InstaSpot Balance is the balance of the InstaForex account.
The account balance:
can be denominated in base currencies (USD, RUB, UAH, IDR, BTC, ETH.);
all base currencies are traded against non-base spot currencies;
clients can transfer cash in base currencies between two personal trading accounts.
To make a trade using one base currency, the account must be denominated in that currency and have sufficient balance for such a transaction.
Making a trade in two base currencies requires an account to be denominated in one currency with a connected account in another base currency. The selling account should have 110% of the transaction amount. All trades between base currencies are carried out within the InstaSpot trading system and are instantly executed.
A spot contract with InstaSpot has several stages:
A trader sets a pending order for buying.
The seller buys out the pending order
Both parties pay collateral fees
The buyer transfers funds to execute the trade to the seller
The seller acknowledges the deal
Detailed description of an InstaSpot trade
A trader has opened a SELL order for 1 lot of USD at a fixed price. Another trader then opens a correspondent BUY order to acquire this lot. The order must be acknowledged to be executed. Both parties pay collateral fees until the order is executed, with penalty charges for violating contract terms. InstaForex ensures that all trades are done smoothly and on time.
Advantages of spot contracts
Availability. Spot traders are significantly cheaper than forward contracts.
Volatility. Changing prices give ample opportunities for trading
High liquidity. Spot trading maintains high liquidity thanks to instant execution of contracts.
Disadvantages of spot contracts
Price slippage during peak volatility. This could lead to significant losses for inexperienced traders.
Price slippage during peak volatility. This could lead to significant losses for inexperienced traders.
InstaForex made spot trading comprehensive, accessible and easy to understand. Spot contracts are cheaper than forward contracts, and you can make sizable gains on high liquidity and volatility.
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