Compare InstaForex vs FxGlory
What is InstaForex? What is FxGlory ?
InstaForex is a forex broker that offers trading services in more than 200 instruments, including forex, metals, CFDs, and cryptocurrencies. FxGlory is a forex broker that offers trading services in more than 50 instruments, including forex, metals, oil, and indices.
InstaForex vs FxGlory Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Saint Vincent and the Grenadines (FSA), and the British Virgin Islands Financial Services Commission (BVIFSC). FxGlory is regulated by the National Bank of Georgia (NBG).
InstaForex vs FxGlory Trading Assets Comparison
InstaForex has a wider range of trading assets than FxGlory. InstaForex offers 107 currency pairs, 88 CFDs on US stocks, 4 CFDs on cryptocurrencies, 2 CFDs on metals, and 2 CFDs on futures. FxGlory offers 39 currency pairs, 7 CFDs on metals, 2 CFDs on oil, and 4 CFDs on indices.
InstaForex vs FxGlory Trading Fees Comparison
InstaForex has lower trading fees than FxGlory. InstaForex charges a fixed spread of 3 pips on major currency pairs and a commission of $0.03 per 0.01 lot. FxGlory charges a variable spread of 2-10 pips on major currency pairs and a commission of $0.07 per 0.01 lot.
InstaForex vs FxGlory Account Types Comparison
InstaForex has more account types than FxGlory. InstaForex offers four account types: Standard, Eurica, ECN, and PAMM. FxGlory offers three account types: Standard, Premium, and VIP.
InstaForex vs FxGlory Deposit Options Comparison
InstaForex has more deposit and withdrawal options than FxGlory. InstaForex accepts various payment methods, such as bank wire transfer, credit/debit cards, e-wallets, cryptocurrencies, and local transfer. FxGlory accepts bank wire transfer, credit/debit cards, e-wallets, and local transfer.
InstaForex vs FxGlory Trading Platforms Comparison
InstaForex and FxGlory both use MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, indicators, charts, and automated trading.
InstaForex vs FxGlory Analytical Tools Comparison
InstaForex has more analytical tools than FxGlory. InstaForex provides traders with market news, economic calendar, forex analysis, forex TV, trading signals, and copy trading. FxGlory provides traders with market news and economic calendar.
InstaForex vs FxGlory . Which forex broker is better? Which forex broker should you choose?
Choosing any broker depends on your personal preferences, trading goals and risk appetite. However, here are some factors that may influence your decision:
- If you want to trade a wider range of instruments, you might prefer InstaForex over FxGlory.
- If you want to pay lower trading fees, you might prefer InstaForex over FxGlory.
- If you want to have more account options, you might prefer InstaForex over FxGlory.
- If you want to have more deposit and withdrawal methods, you might prefer InstaForex over FxGlory.
- If you want to have more analytical tools, you might prefer InstaForex over FxGlory.
- If you want to trade with a broker that is regulated by a more reputable authority, you might prefer InstaForex over FxGlory.
In the end, the best way to decide which forex broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their services and platforms before switching to a real account. This way, you can see for yourself which broker suits your trading style and needs better.
