Compare InstaForex vs AvaTrade
What is InstaForex? What is AvaTrade ?
- InstaForex is a CFD broker that offers trading on forex, stocks, cryptocurrencies, commodities, energies, indices, and more. It was established in 2007 and is regulated by the FSC in the British Virgin Islands and the FSA in St. Vincent and the Grenadines. It has over 7 million clients worldwide and offers various bonus deals and promotions.
- AvaTrade is a forex and CFD broker that offers trading on over 1250 financial instruments, including forex, stocks, commodities, indices, bonds, ETFs, options, and more. It was founded in 2006 and is regulated by multiple authorities, such as the ASIC in Australia, the FSCA in South Africa, the ISA in Israel, the CBI in Ireland, and others. It has won several awards for its trading platforms, education, and customer service.
InstaForex vs AvaTrade Regulation Comparison
- InstaForex is regulated by two offshore entities: the FSC in the British Virgin Islands (SIBA/L/14/1082) and the FSA in St. Vincent and the Grenadines (IBC22945). These regulators are not considered to be very strict or reputable in the industry and do not offer much protection to clients in case of broker insolvency or misconduct.
- AvaTrade is regulated by several well-known and respected authorities around the world, such as the ASIC in Australia (406668), the FSCA in South Africa (45984), the ISA in Israel (1), the FSC in the British Virgin Islands (2013-07-30), the FSA in Japan (1662), the FSRA in Abu Dhabi (190018), and the CBI in Ireland (C53877). These regulators impose high standards of conduct and compliance on brokers and provide various safeguards to clients, such as compensation schemes, dispute resolution mechanisms, and segregated accounts.
InstaForex vs AvaTrade Trading Assets Comparison
- InstaForex offers trading on over 300 assets across various markets, such as forex, shares, indices, metals, oil and gas, futures, cryptos, and binary options. The broker offers access to major, minor, and exotic currency pairs, as well as popular stocks like Apple, Tesla, Facebook, etc. It also provides trading on some niche markets like volatility indices and binary options.
- AvaTrade offers trading on over 1250 assets across a wider range of markets than InstaForex, such as forex, stocks, commodities, indices, bonds, ETFs, options, spread betting (for UK and Ireland clients), and more. The broker offers access to all major forex pairs as well as some minor and exotic ones. It also provides trading on hundreds of global stocks from various sectors and regions. Additionally, it offers trading on some unique markets like vanilla options and physical stocks.
InstaForex vs AvaTrade Trading Fees Comparison
- InstaForex charges fixed spreads on its trading accounts. The average spread for the EUR/USD pair is 3 pips, which is higher than the industry average of around 1 pip. The broker also charges commissions of $30 per lot for some account types. Additionally, it charges fees for withdrawals depending on the payment method used.
- AvaTrade also charges fixed spreads on its trading accounts. The average spread for the EUR/USD pair is 0.6 pips, which is lower than InstaForex’s spread and competitive with other brokers. The broker does not charge commissions or fees for deposits or withdrawals. However, it does charge an inactivity fee of $50 per quarter after three months of no trading activity.
InstaForex vs AvaTrade Account Types Comparison
- InstaForex offers four types of trading accounts: Standard Account (minimum deposit $1), Eurica Account (minimum deposit $1), ECN Account (minimum deposit $1000), and ECN Pro Account (minimum deposit $5000). The Standard Account has fixed spreads starting from 3 pips while the Eurica Account has zero spreads but charges commissions of $30 per lot. The ECN Account and the ECN Pro Account have variable spreads starting from 0.8 pips and charge commissions of $6 and $3.5 per lot respectively. All accounts offer leverage up to 1:1000 and support various trading platforms.
- AvaTrade offers two types of trading accounts: Standard Account (minimum deposit $100) and Professional Account (minimum deposit $1000). The Standard Account has fixed spreads starting from 0.6 pips and does not charge commissions. The Professional Account has the same spreads and fees as the Standard Account but offers higher leverage up to 1:400 and some additional benefits such as a dedicated account manager, free VPS, and premium education. Both accounts support various trading platforms and offer a range of payment methods.
InstaForex vs AvaTrade Deposit Options Comparison
- InstaForex offers a variety of payment methods for deposits and withdrawals, such as bank cards, bank wire transfers, Skrill, Neteller, UnionPay, AliPay, SOFORT, Crypto, Litecoin, Dash, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, NEO, AstroPay, and EOS.IO. The broker does not charge fees for deposits but charges fees for withdrawals depending on the payment method used. The processing time for deposits is usually instant while the processing time for withdrawals can vary from a few hours to several days.
- AvaTrade also offers a range of payment methods for deposits and withdrawals, such as bank cards, bank wire transfers, WebMoney, Skrill, Neteller, and UnionPay. The broker does not charge fees for deposits or withdrawals. The processing time for deposits is usually instant while the processing time for withdrawals can take up to 10 business days depending on the payment method used.
InstaForex vs AvaTrade Trading Platforms Comparison
- InstaForex supports several trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, MobileTrader, InstaTick Trader (for binary options), and InstaBinary (for web-based binary options). The broker also offers some proprietary tools and features, such as ForexCopy (for copy trading), PAMM (for managed accounts), InstaWallet (for internal transfers), Forex Calculator (for calculating trading costs), and Forex TV (for market news and analysis).
- AvaTrade also supports multiple trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, Mobile App, AvaOptions (for vanilla options), AvaTradeGO (for mobile trading), DupliTrade (for copy trading), ZuluTrade (for social trading), and AvaProtect (for risk management). The broker also offers some proprietary tools and features, such as Sharp Trader (for education and research), AvaSocial (for social trading), Economic Calendar (for market events), Autochartist (for technical analysis), and Trading Central (for market insights).
InstaForex vs AvaTrade Analytical Tools Comparison
- InstaForex provides some analytical tools to help traders with their strategies, such as Forex News (for market updates), Forex Analysis (for technical and fundamental analysis), Forex Calendar (for economic events), Forex Charts (for price movements), Pattern Graphix (for chart patterns), Claws & Horns (for market signals), Trading Signals (for MT4 and MT5 users), IFXBIT (for crypto trading), and InstaForex TV (for video analysis).
- AvaTrade also provides some analytical tools to assist traders with their decisions, such as Economic Calendar (for market events), Market News (for market updates), Market Analysis Videos (for video analysis), Autochartist (for technical analysis), Trading Central (for market signals), DupliTrade Signals (for copy trading signals), ZuluTrade Signals (for social trading signals), AvaProtect Signals (for risk management signals), and AvaOptions Signals (for vanilla options signals).
InstaForex vs AvaTrade . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. However, here are some possible advantages and disadvantages of each broker:
- InstaForex may be a good choice for traders who want to trade with a low minimum deposit, high leverage, and various bonus offers. It may also appeal to traders who are interested in binary options, volatility indices, and copy trading. However, InstaForex may not be suitable for traders who are concerned about the broker’s weak regulation, high spreads and commissions, and withdrawal fees.
- AvaTrade may be a good choice for traders who want to trade with a reputable and regulated broker that offers low spreads and zero commissions. It may also appeal to traders who are interested in a wide range of markets, including vanilla options, physical stocks, and spread betting. However, AvaTrade may not be suitable for traders who are looking for a very high leverage or who want to avoid the inactivity fee.
In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a demo account with each broker and test their platforms, services and features. You can also compare their real-time prices, execution speed, and customer support. This way, you can make an informed decision based on your own experience.
