Compare InstaForex vs NAGA
What is InstaForex? What is NAGA ?
InstaForex is a forex and CFD broker that offers trading services in more than 200 instruments, including currencies, metals, stocks, indices, commodities, and cryptocurrencies. NAGA is a social trading platform that allows users to trade various assets, such as forex, stocks, ETFs, indices, commodities, and cryptocurrencies, as well as copy the trades of other users or become a signal provider.
InstaForex vs NAGA Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), the British Virgin Islands Financial Services Commission (FSC), and the Saint Vincent and the Grenadines Financial Services Authority (FSA). NAGA is regulated by the CySEC and the Australian Securities and Investments Commission (ASIC).
InstaForex vs NAGA Trading Assets Comparison
InstaForex offers more than 200 trading instruments, including 107 currency pairs, 88 CFDs on US stocks, 4 CFDs on metals, 22 CFDs on indices, 3 CFDs on commodities, and 6 CFDs on cryptocurrencies. NAGA offers over 950 trading instruments, including 47 currency pairs, 400+ CFDs on stocks, 30+ CFDs on ETFs, 20+ CFDs on indices, 15+ CFDs on commodities, and 10+ CFDs on cryptocurrencies.
InstaForex vs NAGA Trading Fees Comparison
InstaForex charges variable spreads and commissions depending on the account type and trading instrument. The average spread for the EUR/USD pair is 1.6 pips for the standard account and 0.8 pips for the ECN account. The commission for the ECN account is $1.5 per lot per side. NAGA charges variable spreads and commissions depending on the account type and trading instrument. The average spread for the EUR/USD pair is 1.2 pips for the iron account and 0.7 pips for the diamond account. The commission for the iron account is $4 per lot per side and for the diamond account is $2 per lot per side.
InstaForex vs NAGA Account Types Comparison
InstaForex offers four main account types: standard, cent, ECN, and ECN zero. The minimum deposit for the standard and cent accounts is $1, for the ECN account is $1000, and for the ECN zero account is $10. The maximum leverage for all accounts is 1:1000. NAGA offers five main account types: iron, bronze, silver, gold, and diamond. The minimum deposit for the iron account is $250, for the bronze account is $2500, for the silver account is $5000, for the gold account is $25,000, and for the diamond account is $50,000. The maximum leverage for all accounts is 1:500.
InstaForex vs NAGA Deposit Options Comparison
InstaForex supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.), and local payment systems (PayCo, BPay.md, etc.). The processing time and fees vary depending on the method chosen. NAGA supports various deposit and withdrawal methods as well, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.), and NAGA card. The processing time and fees also vary depending on the method chosen.
InstaForex vs NAGA Trading Platforms Comparison
InstaForex provides its clients with access to various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, MobileTrader, Multiterminal, and InstaBinary. These platforms offer advanced trading features and tools, such as technical analysis indicators, charting options, automated trading systems (EAs), social trading (PAMM), etc. NAGA also provides its clients with access to various trading platforms such as MT4, MT5, WebTrader, MobileTrader, and NAGA Trader. These platforms offer similar features and tools as InstaForex’s platforms, as well as some unique ones, such as NAGA Protector, NAGA Auto-Copy, NAGA Portfolios, etc.
InstaForex vs NAGA Analytical Tools Comparison
InstaForex offers various analytical tools to its clients, such as economic calendar, market news, forex analysis, forex TV, trading signals, InstaForex CopyTrade, etc. These tools help traders stay updated on the market conditions and make informed trading decisions. NAGA also offers various analytical tools to its clients, such as economic calendar, market news, trading signals, NAGA Academy, NAGA Feed, NAGA Leaderboard, etc. These tools help traders learn from the experts, interact with the community, and improve their trading skills.
InstaForex vs NAGA . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. However, here are some possible advantages and disadvantages of each broker:
InstaForex advantages:
- Lower minimum deposit requirements for some account types
- Higher maximum leverage for all account types
- More trading instruments, especially CFDs on US stocks
- More deposit and withdrawal options, especially local payment systems
InstaForex disadvantages:
- Higher average spreads and commissions for some account types and trading instruments
- Less regulated than NAGA
- Less trading platforms than NAGA
NAGA advantages:
- Lower average spreads and commissions for some account types and trading instruments
- More regulated than InstaForex
- More trading platforms than InstaForex
- More unique features and tools, such as NAGA Protector, NAGA Auto-Copy, NAGA Portfolios, etc.
NAGA disadvantages:
- Higher minimum deposit requirements for some account types
- Lower maximum leverage for all account types
- Less trading instruments, especially CFDs on US stocks
- Less deposit and withdrawal options, especially local payment systems
Finally, you should do your own research and due diligence before opening an account with any broker. You can also try their demo account to test out their services and platforms.
