Compare InstaForex vs FXTM
What is InstaForex? What is FXTM ?
InstaForex is a forex broker that offers trading services in more than 200 instruments, including forex, metals, CFDs, and cryptocurrencies. FXTM is a forex broker that offers trading services in more than 250 instruments, including forex, metals, CFDs, stocks, and cryptocurrencies.
InstaForex vs FXTM 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 Financial Services Commission of the British Virgin Islands (FSC). FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the UK, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Financial Services Commission of Mauritius (FSC).
InstaForex vs FXTM Trading Assets Comparison
InstaForex offers trading in 107 currency pairs, 88 CFDs on US stocks, 4 CFDs on metals, 3 CFDs on cryptocurrencies, and 2 CFDs on futures. FXTM offers trading in 57 currency pairs, 59 CFDs on US stocks, 5 CFDs on UK stocks, 3 CFDs on metals, 4 CFDs on commodities, 4 CFDs on indices, and 6 CFDs on cryptocurrencies.
InstaForex vs FXTM Trading Fees Comparison
InstaForex charges variable spreads and commissions depending on the account type and trading instrument. The average spread for EUR/USD is 1.6 pips for standard accounts and 0.8 pips for ECN accounts. The commission for ECN accounts is $1.5 per lot per side. FXTM charges variable spreads and commissions depending on the account type and trading instrument. The average spread for EUR/USD is 1.9 pips for standard accounts and 0.4 pips for ECN accounts. The commission for ECN accounts is $2 per lot per side.
InstaForex vs FXTM Account Types Comparison
InstaForex offers four types of accounts: standard, cent, ECN, and ECN Zero. The minimum deposit for standard and cent accounts is $1, while the minimum deposit for ECN and ECN Zero accounts is $1000. The maximum leverage for all accounts is 1:1000. FXTM offers six types of accounts: standard, cent, stocks, ECN, ECN Zero, and Pro. The minimum deposit for standard and cent accounts is $10, while the minimum deposit for stocks account is $100, for ECN account is $500, for ECN Zero account is $200, and for Pro account is $25000. The maximum leverage for standard and cent accounts is 1:2000, while the maximum leverage for stocks account is 1:10, for ECN account is 1:1000, for ECN Zero account is 1:2000, and for Pro account is 1:200.
InstaForex vs FXTM Deposit Options Comparison
InstaForex supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.), and local payment methods (PayCo, BPay.md, etc.). FXTM supports various deposit and withdrawal options as well, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.), cryptocurrencies (Bitcoin), and local payment methods (M-Pesa, NganLuong.vn, etc.). Both brokers do not charge any fees for deposits or withdrawals.
InstaForex vs FXTM Trading Platforms Comparison
InstaForex provides its own proprietary trading platform called InstaTrader, which is based on the MetaTrader 4 platform. InstaTrader offers advanced trading features, such as one-click trading, market depth, trading signals, and copy trading. InstaForex also supports the MetaTrader 4 and MetaTrader 5 platforms, which are widely used by traders around the world. FXTM provides the MetaTrader 4 and MetaTrader 5 platforms as well, which offer a user-friendly interface, customizable charts, technical indicators, expert advisors, and automated trading. Both brokers also offer mobile trading apps for iOS and Android devices.
InstaForex vs FXTM Analytical Tools Comparison
InstaForex provides various analytical tools to help traders make informed decisions, such as market news, economic calendar, forex analysis, forex TV, trading contests, and bonuses. FXTM also provides various analytical tools, such as market news, economic calendar, forex analysis, forex webinars, trading signals, and loyalty program.
InstaForex vs FXTM . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Both InstaForex and FXTM have their own advantages and disadvantages and you should consider them carefully before making a decision. Here are some factors that you may want to consider:
- Regulation: Both brokers are regulated by reputable authorities, but FXTM has more licenses than InstaForex, which may give you more confidence and protection as a trader.
- Trading assets: Both brokers offer a wide range of trading instruments, but FXTM has more options than InstaForex, especially in stocks and cryptocurrencies, which may give you more opportunities and diversification as a trader.
- Trading fees: Both brokers charge variable spreads and commissions, but InstaForex has lower spreads and commissions than FXTM, which may save you some costs as a trader.
- Account types: Both brokers offer multiple account types, but InstaForex has lower minimum deposits and higher maximum leverage than FXTM, which may suit your budget and risk tolerance as a trader.
- Deposit and withdrawal options: Both brokers support various payment methods, but InstaForex has more options than FXTM, especially in cryptocurrencies, which may give you more convenience and flexibility as a trader.
- Trading platforms: Both brokers provide the MetaTrader 4 and MetaTrader 5 platforms, but InstaForex also has its own proprietary platform called InstaTrader, which may offer you some unique features and advantages as a trader.
- Analytical tools: Both brokers provide various tools to help you with your trading, but FXTM has more options than InstaForex, especially in forex webinars and trading signals, which may enhance your knowledge and skills as a trader.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You should do your own research and due diligence before choosing a broker. You can also compare other forex brokers online or consult with other traders.
