Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Instaforex
0
/10
VISIT INSTAFOREX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Forex.com
9.2
/10
VISIT FOREX.COM
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
InstaForex are regulated by CySEC. They were founded in 2007 and are used by over 7,000,000 traders. |
Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | Kaliningrad, Russia | London, UK | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 107 | 80 | 48 | |
Commodities Offered | 2 | 12 | 21 | |
Stocks Offered | 88 | 220 | 1606 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
50% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
70% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
77% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | FOREXTrader PRO | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
Arabic, Chinese, English, Portuguese, Russian, Spanish, and Indonesian |
English, Chinese, and Arabic |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
50% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
70% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
77% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Instaforex and Forex.com |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
50% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
70% of retail investor accounts lose money when trading CFDs with this provider |
See account options
77% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | Varies | 0.01 Lot | |
Max trade | 1,000 Lot | 5 million | 100 Lot | |
Min deposit | $1 | $50 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1-2 business days | Varies | Same day if requested before 1PM | |
Withdrawal processing time | 1-6 business days | 1-2 business days | Same day if requested before 1PM | |
See all funding options
50% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
70% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
77% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | BE | BE | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 7 (812) 4580354 | Yes | 44 2036953085 | |
Live Chat | ||||
Website | https://www.instaforex.com/ | http://www.forex.com | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | 1.0 pips | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | 2.0 pips | 0.9 pips | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | 2.0 pips | 1.1 pips | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | 2.0 pips | 1.2 pips | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | 1.1 pips | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | 0.9 pips | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | 2.3 pips | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | 1.3 pips | 0.1 pips | |
View all spreads
50% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
70% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
77% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | Yes, $30 | No | Yes | |
Deposit Fee | No | No | No | |
Withdrawal Fee | Yes | No | No | |
View All Fees
50% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
70% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
77% of retail investor accounts lose money when trading CFDs with this provider. |
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Featured In | Best MT5 BrokersBest Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers With VPSBest Brokers For Indices | Best Futures BrokersBest FTSE100 BrokersBest Dow Jones BrokersBest DAX BrokersBest FCA Regulated Brokers | Best Brokers That Accept PayPalBest Forex Islamic AccountsBest Litecoin BrokersBest Brokers For GoldBest Brokers For Copper | |
Last update |
All information collected from https://www.instaforex.com/. Last updated on 01/12/2019. |
All information collected from http://www.forex.com. Last updated on 01/12/2019. |
All information collected from www.xtb.com. Last updated on 01/12/2019. |
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Company |
InstaForex are regulated by CySEC. They were founded in 2007 and are used by over 7,000,000 traders. |
FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. Instaforex
ETX Capital vs Instaforex |
Popular comparisons feat. Forex.com
Forex.com vs Oanda |
Popular comparisons feat. XTB
XTB vs IG |
If you want a broker with ECN execution, Forex.com may be more appropriate. Instaforex and Forex.com offer similar trading methods.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Forex.com to be the more reliable broker. We’ve broken down why below:
Instaforex is regulated by CySEC, while Forex.com is regulated by Financial Conduct Authority.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Instaforex has been around for 12 years, while Forex.com have been around for 20 years. Our third alternative broker, XTB, have been around for 17 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Instaforex does not use tier one banks as their banking partner. Forex.com uses tier one banks as their banking partner.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Instaforex is more popular with over 7,000,000 traders.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Instaforex is a privately owned company, while on the other hand Forex.com is still a publicly listed company.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Instaforex are based in Kaliningrad, Russia, while Forex.com are based in London, UK .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both Instaforex and Forex.com offer forex trading. Instaforex have a slightly larger variety of currency pairs with 107 pairs, compared to 80 offered by Forex.com. Also, if you’re looking to trade cryptocurrencies, Instaforex offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
If you’re looking to trade commodities like gold, silver or oil, Instaforex may be a better fit as Forex.com does not offer commodity trading.
Instaforex also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Instaforex and Forex.com offer this. Instaforex also offer the new & improved MT5 platform. Our alternative broker, XTB, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. XTB, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
Instaforex does allow scalping and hedging. While Forex.com also allows scalping and hedging. You can trade with EAs (expert advisors) on both Instaforex and Forex.com.
In terms of risk management tools, neither Instaforex or Forex.com offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Instaforex accept Neteller while
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, Instaforex charges points, while Forex.com charges 1.00 points. Therefore, Instaforex is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Forex.com is more reliable based on our criteria above. Forex.com has a wider range of instruments to trade. Instaforex offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.