Compare InstaForex vs easyMarkets
What is InstaForex? What is easyMarkets ?
InstaForex is a forex broker that offers trading services in various markets, such as forex, gold, silver, CFDs, binary options, and cryptocurrencies. It was founded in 2007 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
easyMarkets is a forex broker that offers trading services in various markets, such as forex, gold, silver, CFDs, oil, stocks, and cryptocurrencies. It was founded in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
InstaForex vs easyMarkets Regulation Comparison
Both brokers are regulated by CySEC, which means they have to comply with strict rules regarding client funds protection, fair trading practices, and transparency. However, easyMarkets also has an ASIC license, which gives it an edge over InstaForex in terms of regulatory oversight and credibility.
InstaForex vs easyMarkets Trading Assets Comparison
Both brokers offer a wide range of trading assets, but they differ in some aspects. InstaForex supports trading with forex, gold, silver, CFDs, binary options, and cryptocurrencies, while easyMarkets supports trading with forex, gold, silver, CFDs, oil, stocks, and cryptocurrencies. InstaForex has more currency pairs (107 vs 97) and more cryptocurrencies (14 vs 6) than easyMarkets. However, easyMarkets has more commodities (15 vs 9) and more indices (15 vs 9) than InstaForex.
InstaForex vs easyMarkets Trading Fees Comparison
Both brokers charge fixed spreads on their trading accounts, which means they do not vary depending on market conditions. However, the spreads differ depending on the account type and the asset traded. InstaForex has four account types: Standard, Eurica, ECN Standard, and ECN Pro. The spreads start from 0 pips on the ECN accounts and from 3 pips on the Standard and Eurica accounts. easyMarkets has three account types: Standard, Premium, and VIP. The spreads start from 0.9 pips on the VIP account and from 1.8 pips on the Standard and Premium accounts. Both brokers also charge swap fees for holding positions overnight.
InstaForex vs easyMarkets Account Types Comparison
InstaForex has four account types and easyMarkets has three account types. The main differences between them are the minimum deposit required, the leverage offered, and the trading platforms available. Here is a table that compares them:
| Account Type | InstaForex | easyMarkets |
|---|---|---|
| Minimum Deposit | $1 for Standard and Eurica; $100 for ECN Standard; $1000 for ECN Pro | $100 for Standard; $1000 for Premium; $2500 for VIP |
| Leverage | Up to 1:1000 for Standard and Eurica; Up to 1:500 for ECN Standard; Up to 1:200 for ECN Pro | Up to 1:400 for all accounts |
| Trading Platforms | MetaTrader 4; MetaTrader 5; WebTrader; MobileTrader | WebTrader; MetaTrader 4; Mobile App |
InstaForex vs easyMarkets Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), local payment methods (BPay), and cryptocurrencies (Bitcoin). However, InstaForex has more options than easyMarkets in terms of e-wallets (PayCo, WeChat Pay) and cryptocurrencies (Ethereum). Both brokers do not charge any fees for deposits or withdrawals.
InstaForex vs easyMarkets Trading Platforms Comparison
Both brokers offer MetaTrader 4 as one of their trading platforms, which is a popular and user-friendly platform that supports various features, such as charting tools, indicators, expert advisors, and automated trading. However, InstaForex also offers MetaTrader 5, which is an upgraded version of MetaTrader 4 that has more advanced features, such as more timeframes, more order types, more indicators, and more analytical tools.
easyMarkets also offers its own proprietary WebTrader platform, which is a web-based platform that does not require any download or installation. It has a simple and intuitive interface that supports various features, such as dealCancellation, free guaranteed stop loss, fixed spreads, and negative balance protection. Both brokers also offer mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
InstaForex vs easyMarkets Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions, such as market news, economic calendar, trading signals, technical analysis, and educational resources. However, InstaForex has more tools than easyMarkets in terms of trading signals (ForexCopy, PAMM), technical analysis (Autochartist), and educational resources (video tutorials, webinars). easyMarkets also has some unique tools, such as dealCancellation, which allows traders to cancel a losing trade within an hour and recover their losses.
InstaForex vs easyMarkets . Which forex broker is better? Which forex broker should you choose?
Choosing the right forex broker depends on your personal preferences, trading style, goals and risk appetite. You should consider various factors, such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. You should also test the brokers yourself by opening a demo account or a small live account and see how they perform in terms of execution, customer service and reliability. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
