Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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FOREX.com
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InstaTrade
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Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms. | InstaTrade, located in the British Virgin Islands, is an online broker that focuses on structured fixed income products and active trading via CFDs. Its no-spread accounts, outstanding research primarily from InstaTrade TV, and access to the well-known MT4 and InstaTrade Gear make it a good choice for traders of all levels. | |
| Instruments | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $100 | $1 |
| Trading Platforms | WebTrader, Mobile, MT4, MT5, TradingView | InstaTrade Gear, MT4 |
| Payment Methods | ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, PayNow, Skrill, Visa, Wire Transfer | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 |
| Regulator | NFA, CFTC | BVI FSC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | USD, EUR, RUB |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Available with MT4 and Web Trader platforms, the FOREX.com app provides full trading features on an easy-to-use compact platform. Integrated news, analysis, and real-time trade alerts are mobile-specific features that make this app stand out. It surpasses MT4 in mobile charting tools, offering over 80 indicators, 11 chart types, and a sleeker design. | InstaTrade's app, downloaded over 2 million times, lets you trade its 300+ instruments easily. With a fast, modern interface, it offers real-time quotes, various orders, and analysis tools. Notably, it includes 'hot' ideas and trading signals to help investors spot opportunities. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, DMA | |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Experts Advisors (EAs) on MetaTrader |
| Copy Trading | ✗ | ✓ |
| Copy Trading Platform | InstaTrade provides automated trading through its Fixed Income Structured Product, allowing clients to mirror active traders' positions. Uniquely, InstaTrade promises a 50% return to clients by covering any shortfall if they refer other users. | |
| Social Trading | ✗ | ✗ |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $15 | |
| Islamic Account | ✓ | ✗ |
CFD Trading | ||
FOREX.com offers trading capabilities for both long and short positions in over 5,500 Contract for Difference (CFD) opportunities across forex, stocks, indices, commodities, and cryptocurrencies. Their unique Web Trader platform provides a premium trading experience, equipped with over 80 technical indicators and fast execution speeds of only 20 milliseconds, providing an ideal environment for dedicated traders. | InstaTrade provides the option to trade CFDs in a variety of markets, including stocks, indices, forex, and commodities. Its unique feature is the dynamic leverage that goes up to 1:1000, which can increase potential returns and losses. It also offers negative balance protection, which prevents accounts from dropping below zero. | |
| Leverage | 1:50 | 1:1000 |
| FTSE Spread | 1.0 | 660 |
| GBPUSD Spread | 1.3 | 0.2 |
| Oil Spread | 2.5 | 0.0 |
| Stocks Spread | 0.14 | 8 (Apple Inc) |
Forex Trading | ||
remains a top FX broker, offering 80 currency pairs with very competitive fees. With EUR/USD spreads as low as 0.0 and a $7 commission per $100k, it excels in the industry. | InstaTrade provides approximately 100 currency pairs for trading. The spreads begin at 0.0 on major pairs, and our web platform also includes integrated forex analysis with signals, technical and fundamental summaries. They also offer educational content for beginners, which explains forex basics including margin trading and risk management. | |
| GBPUSD Spread | 1.3 | 0.2 |
| EURUSD Spread | 1.2 | 0.0 |
| EURGBP Spread | 1.4 | 2.8 |
| Assets | 84 | 65 |
Cryptocurrency Trading | ||
You can trade a limited selection of over 8 cryptocurrencies against the USD, EUR, GBP, and AUD. The spreads are close, and there's no need for a virtual wallet. Algorithm traders can use Expert Advisors (EAs) to automate their cryptocurrency trades. | InstaTrade provides an option to trade approximately 12 cryptocurrencies against the USD through CFDs. They have very low fees, especially for significant assets like BTC/USD with spreads starting from 0. They also provide a dedicated blog with valuable technical advice to help traders make effective decisions. | |
| Crypto Spread | BTC 1.4%, ETH 2% | 0 |
| Crypto Coins | BTC, BCH, ETH, LTC, XRP | BTC, ETH, XRP, LTC, SOL, UNI, DOGE, BCH, FIL, ADA, DOT, LINK |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |