Compare InstaForex vs ForexMart
What is InstaForex? What is ForexMart ?
InstaForex and ForexMart are both online forex brokers that offer trading services to clients around the world. InstaForex 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. ForexMart was established in 2015 and is also regulated by CySEC.
InstaForex vs ForexMart Regulation Comparison
Both brokers are regulated by CySEC, which means they have to comply with strict rules and standards to ensure the safety and security of client funds and data. However, InstaForex has an additional regulation from the FSA of Saint Vincent and the Grenadines, which is a less reputable jurisdiction and may not offer the same level of protection as CySEC.
InstaForex vs ForexMart Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, metals, commodities, indices, stocks, cryptocurrencies, and CFDs. However, InstaForex has more than 300 trading instruments, while ForexMart has only about 100. InstaForex also offers more currency pairs (107 vs 40) and more cryptocurrencies (14 vs 5) than ForexMart.
InstaForex vs ForexMart Trading Fees Comparison
Both brokers charge variable spreads and commissions on their trading accounts. However, InstaForex has lower average spreads than ForexMart on most of the major currency pairs. For example, the EUR/USD spread is 1.6 pips on InstaForex and 2.2 pips on ForexMart. InstaForex also offers zero spread accounts for some instruments, while ForexMart does not.
InstaForex vs ForexMart Account Types Comparison
Both brokers offer different types of trading accounts to suit different needs and preferences of traders. InstaForex has four main account types: Standard, Eurica, ECN, and PAMM. ForexMart has three main account types: Classic, Pro, and Zero Spread. The minimum deposit for both brokers is $1, but the maximum leverage varies depending on the account type and instrument. InstaForex offers up to 1:1000 leverage for forex and up to 1:10 leverage for cryptocurrencies. ForexMart offers up to 1:500 leverage for forex and up to 1:2 leverage for cryptocurrencies.
InstaForex vs ForexMart Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods. However, InstaForex has more payment options than ForexMart, such as Bitcoin, Skrill, Neteller, PayCo, UnionPay, and others. InstaForex also claims to process withdrawals within 24 hours, while ForexMart may take up to 5 business days.
InstaForex vs ForexMart Trading Platforms Comparison
Both brokers provide their clients with access to the popular MetaTrader 4 (MT4) trading platform, which is compatible with Windows, Mac, iOS, Android, and Web browsers. MT4 offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), and customizable features. However, InstaForex also offers its own proprietary platform called InstaBinary, which is designed for binary options trading.
InstaForex vs ForexMart Analytical Tools Comparison
Both brokers offer various analytical tools and educational resources to help their clients improve their trading skills and knowledge. These include market news, economic calendar, trading signals, webinars, tutorials, articles, videos, and more. However, InstaForex has more tools and resources than ForexMart, such as market analysis from Trading Central, Autochartist pattern recognition software, copy trading service (ForexCopy), social trading network (InstaRebate), contests and promotions.
InstaForex vs ForexMart . Which forex broker is better? Which forex broker should you choose?
InstaForex and ForexMart are both online forex brokers that offer trading services to clients around the world. However, they have some differences in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. The best forex broker for you depends on your personal preferences, trading style, risk appetite, and budget. You should consider factors such as the broker’s reputation, customer service, security, transparency, execution speed, and user experience.
