Compare InstaForex vs FXGiants
What is InstaForex? What is FXGiants ?
InstaForex is a forex broker that offers trading services in more than 200 instruments, including forex, metals, CFDs, and cryptocurrencies. FXGiants is a forex broker that offers trading services in more than 200 instruments, including forex, metals, indices, commodities, futures, and shares.
InstaForex vs FXGiants Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of Saint Vincent and the Grenadines (FSA). FXGiants is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, and the Cyprus Securities and Exchange Commission (CySEC).
InstaForex vs FXGiants Trading Assets Comparison
InstaForex and FXGiants both offer a wide range of trading assets, but FXGiants has more variety in terms of indices, commodities, futures, and shares. InstaForex has more options for cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Ripple.
InstaForex vs FXGiants Trading Fees Comparison
InstaForex and FXGiants both charge variable spreads on their trading instruments, but the spreads may vary depending on the account type, market conditions, and liquidity. InstaForex also charges commissions on some of its account types, such as the ECN and Scalping accounts. FXGiants does not charge commissions on any of its account types.
InstaForex vs FXGiants Account Types Comparison
InstaForex offers four main account types: Standard, Eurica, ECN, and Scalping. The minimum deposit for each account type is $1. FXGiants offers six main account types: Micro, Premium, Zero Fixed Spread, Zero Spread STP/ECN, Absolute Zero STP/ECN, and Absolute Zero Plus STP/ECN. The minimum deposit for each account type ranges from $100 to $500.
InstaForex vs FXGiants Deposit Options Comparison
InstaForex and FXGiants both offer various deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, the availability of some options may depend on the country of residence of the client. InstaForex also offers its own payment system called InstaWallet.
InstaForex vs FXGiants Trading Platforms Comparison
InstaForex and FXGiants both support the MetaTrader 4 (MT4) trading platform, which is one of the most popular and widely used platforms in the forex industry. MT4 offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), and customizable features. InstaForex also offers its own web-based platform called WebTrader.
InstaForex vs FXGiants Analytical Tools Comparison
InstaForex and FXGiants both provide various analytical tools for their clients to enhance their trading experience and performance. These include market news, economic calendar, trading signals, technical analysis, market reviews, webinars, and educational materials.
InstaForex vs FXGiants . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, here are some factors that you can consider when comparing InstaForex and FXGiants:
- Regulation: FXGiants has more reputable regulatory bodies than InstaForex, such as ASIC and FCA. This can give you more confidence and protection when dealing with them.
- Trading Assets: FXGiants has a wider range of trading assets than InstaForex, especially in terms of indices, commodities, futures and stocks. This can give you more opportunity and flexibility to diversify your portfolio and hedge your risk.
- Trading Fees: Both InstaForex and FXGiants have variable spreads, but InstaForex also charges a commission on some of its account types. This can increase your transaction costs and affect your profits. FXGiants does not charge a commission on any of its account types, but it may have higher spreads on some of its instruments.
- Account Types: Both InstaForex and FXGiants have a variety of account types to suit the different needs and preferences of their clients. However, InstaForex has a lower minimum deposit requirement than FXGiants, which may be more suitable for beginners or traders with a low budget. FXGiants has more options for STP/ECN accounts, which may be more suitable for advanced or high volume traders.
- Deposit and Withdrawal Options: Both InstaForex and FXGiants have various deposit and withdrawal options, but the availability of some options may depend on your country of residence. You may want to check the fees, processing times, and convenience of each option before choosing a broker.
- Trading Platform: Both InstaForex and FXGiants support MT4, a reliable and user-friendly platform. However, InstaForex also offers its own web-based platform, which may be more accessible and convenient for some traders. You may want to test the platform with a demo account before choosing a broker.
- Analytical Tools: Both InstaForex and FXGiants provide various analytical tools to help you make informed trading decisions and improve your skills. You may want to explore the quality and quantity of each instrument before choosing a broker.
In the end, the best way to compare InstaForex and FXGiants is to try it out for yourself. You can open a demo or real account with each broker and see their performance in terms of execution speed, customer service, technical support and overall satisfaction. You can also read reviews from other traders who have used these brokers and learn from their experiences.
