Compare InstaForex vs eToro
What is InstaForex? What is eToro ?
InstaForex is a forex broker that was established in 2007 and offers trading services in various instruments, such as forex, CFDs, binary options, and cryptocurrencies. InstaForex is regulated by the FSC of the British Virgin Islands and the FSA of St. Vincent and the Grenadines.
eToro is a social trading platform that was founded in 2007 and allows users to trade and invest in various markets, such as forex, stocks, indices, commodities, ETFs, and cryptocurrencies. eToro is regulated by the CySEC of Cyprus, the FCA of the United Kingdom, the ASIC of Australia, the FINRA of the United States, and the FSRA of the United Arab Emirates.
InstaForex vs eToro Regulation Comparison
Both brokers are regulated by reputable authorities, but eToro has more licenses than InstaForex. This means that eToro can operate in more jurisdictions and offer more protection to its clients. For example, eToro is authorized to offer its services in the US, while InstaForex is not.
InstaForex vs eToro Trading Assets Comparison
Both brokers offer a wide range of trading assets, but eToro has more variety than InstaForex. InstaForex mainly focuses on forex and CFDs, while eToro also offers stocks, indices, commodities, ETFs, and cryptocurrencies. Moreover, eToro allows users to trade physical stocks and copy other traders’ portfolios through its social trading feature.
InstaForex vs eToro Trading Fees Comparison
Both brokers charge fixed spreads on their trading instruments, but the actual spreads may vary depending on the market conditions and the account types. Generally speaking, InstaForex has lower spreads than eToro on most forex pairs, but higher spreads on some CFDs and cryptocurrencies. Both brokers also charge commissions on some trades, such as $30 per lot for InstaForex and 0.09% for eToro. Additionally, both brokers charge overnight fees or swaps for holding positions overnight.
InstaForex vs eToro Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. InstaForex has four main account types: Standard, Eurica, ECN, and PAMM. The Standard and Eurica accounts have no commissions but higher spreads, while the ECN and PAMM accounts have lower spreads but commissions. The minimum deposit for all accounts is $1.
eToro has two main account types: Retail and Professional. The Retail account has access to all the features of the platform, including social trading and copy trading, but has lower leverage and higher margin requirements. The Professional account has higher leverage and lower margin requirements, but has less investor protection and cannot use social trading or copy trading. The minimum deposit for both accounts is $200.
InstaForex vs eToro Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, but eToro has more options than InstaForex. InstaForex accepts payments via Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, AliPay, SOFORT, Crypto, Litecoin, Dash, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, NEO, AstroPay and EOS.IO. eToro accepts payments via WebMoney, PayPal, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller and UnionPay. Both brokers charge fees for withdrawals depending on the method used.
InstaForex vs eToro Trading Platforms Comparison
Both brokers provide their own proprietary trading platforms that are compatible with various devices and operating systems. InstaForex offers MetaTrader 4 and MetaTrader 5 as its main platforms. These platforms are popular among traders for their advanced features and tools, such as one-click trading, trailing stop, pending orders, and automated trading. eToro offers its own web-based platform and mobile app as its main platforms. These platforms are user-friendly and innovative, allowing users to trade and invest in various markets, as well as copy other traders and portfolios through its social trading feature.
InstaForex vs eToro Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients with their trading decisions and strategies. InstaForex offers news, articles, testimonials, bonus, promotions, contests, and free education on its website. InstaForex also provides technical analysis, forex signals, forex calculators, and economic calendar on its platforms. eToro offers news, articles, testimonials, and promotions on its website. eToro also provides market analysis, trading alerts, social newsfeed, and risk management tools on its platforms.
InstaForex vs eToro . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, here are some possible factors that you can consider:
- If you are looking for a broker with more regulation and investor protection, you may prefer eToro over InstaForex.
- If you are looking for a broker with more trading assets and variety, you may prefer eToro over InstaForex.
- If you are looking for a broker with lower spreads and commissions on forex trading, you may prefer InstaForex over eToro.
- If you are looking for a broker with more deposit and withdrawal options, you may prefer eToro over InstaForex.
- If you are looking for a broker with more advanced and popular trading platforms, you may prefer InstaForex over eToro.
- If you are looking for a broker with more innovative and social trading features, you may prefer eToro over InstaForex.
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 both brokers and test their platforms, services and features before making a real investment. You can also read more reviews and feedback from other traders to better understand their experiences and opinions.
