Compare InstaForex vs Forex.com
What is InstaForex? What is Forex.com ?
InstaForex is a forex broker that was established in 2007 and offers trading services in forex, gold and silver, CFD, binary options and crypto. It is regulated by the FSC of British Virgin Islands and the FSA of St. Vincent and the Grenadines. It has over 7 million clients worldwide and offers various bonuses, promotions and contests for its traders.
Forex.com is a forex broker that was established in 1999 and offers trading services in forex, CFD and crypto. It is regulated by the CFTC and NFA of the United States, the FCA of the United Kingdom, the FSA of Japan and the IIROC of Canada. It has over 200,000 clients worldwide and offers competitive pricing, advanced trading platforms and analytical tools for its traders.
InstaForex vs Forex.com Regulation Comparison
| Broker | Regulatory Bodies |
|---|---|
| InstaForex | FSC (British Virgin Islands), FSA (St. Vincent & the Grenadines) |
| Forex.com | CFTC/NFA (United States), FCA (United Kingdom), FSA (Japan), IIROC (Canada) |
InstaForex vs Forex.com Trading Assets Comparison
| Broker | Trading Assets |
|---|---|
| InstaForex | Forex, Gold & silver, CFD, Binary options, Crypto |
| Forex.com | Forex, CFD, Crypto |
InstaForex vs Forex.com Trading Fees Comparison
Here is a comparison of the trading fees that InstaForex and Forex.com charge:
| Broker | Trading Fees |
|---|---|
| InstaForex | Fixed spread from 3 pips, no commissions, swaps vary by account type |
| Forex.com | Variable spread from 0.8 pips, commissions from $30 per million traded (optional), swaps vary by instrument |
InstaForex vs Forex.com Account Types Comparison
Here is a comparison of the account types that InstaForex and Forex.com offer:
| Broker | Account Types |
|---|---|
| InstaForex | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica, ECN, ECN Zero, Scalping, PAMM |
| Forex.com | Standard, Commission, DMA |
InstaForex vs Forex.com Deposit Options Comparison
Here is a comparison of the deposit and withdrawal options that InstaForex and Forex.com offer:
| Broker | Deposit and Withdrawal Options |
|---|---|
| InstaForex | 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 |
| Forex.com | Wire transfer, Credit/debit cards and SOFORT |
InstaForex vs Forex.com Trading Platforms Comparison
Here is a comparison of the trading platforms that InstaForex and Forex.com offer:
| Broker | Trading Platforms |
|---|---|
| InstaForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader |
| Forex.com | MetaTrader 4 (MT4), WebTrader, Advanced Trading Platform |
InstaForex vs Forex.com Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| InstaForex | You can access various sources of information such as economic calendar, forex news feed, forex TV online broadcast, market analysis by experts, etc. You can also use various tools to improve your trading performance such as trading signals, pattern graphix, autochartist, instabinary, instatick trader, copy trading service, etc. |
| Forex.com | You can access various sources of information such as economic calendar, market news feed, market analysis by experts, etc. You can also use various tools to improve your trading performance such as trading signals, tradingview charts, technical analysis tools, etc. |
InstaForex vs Forex.com . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences and trading needs. However, you can consider some of the following factors to help you make your decision:
- Regulation: If you value the safety and security of your funds and the reputation of your broker, you may prefer Forex.com as it has more regulatory licenses than InstaForex and operates in more jurisdictions.
- Trading assets: If you value the diversity and flexibility of your trading portfolio, you may prefer InstaForex as it offers more trading assets than Forex.com and allows you to trade binary options as well.
- Trading fees: If you value the cost-effectiveness and profitability of your trades, you may prefer Forex.com as it offers lower spreads than InstaForex and does not charge commissions on some account types. However, you may also consider the swap rates and other fees that both brokers may charge.
- Account types: If you value the customization and suitability of your trading account, you may prefer InstaForex as it offers more account types than Forex.com and allows you to choose from different account types based on your trading style, strategy, experience level, etc.
- Deposit and withdrawal options: If you value the convenience and speed of your financial transactions, you may prefer InstaForex as it offers more deposit and withdrawal options than Forex.com and allows you to use various methods such as e-wallets, cryptocurrencies, local payment systems, etc.
- Trading platforms: If you value the quality and features of your trading software, you may prefer Forex.com as it offers its own proprietary trading platform that has some unique features such as integrated news and analysis from Reuters and Trading Central, advanced order types such as OCOs and trailing stops, customizable layouts and themes, etc. However, both brokers also offer MT4 and WebTrader as common trading platforms that are popular and widely used in the forex industry.
- Analytical tools: If you value the support and guidance of your broker for your market analysis and trading decisions, you may prefer InstaForex as it offers more analytical tools than Forex.com and allows you to use various tools such as pattern graphix, autochartist, instabinary, instatick trader, copy trading service, etc.
Ultimately, the best forex broker for you is the one that meets your expectations and requirements. You can also try out their demo accounts or read their reviews from other traders to get a better idea of their services and performance.
