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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InstaTrade
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Kraken
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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. | Kraken is a major cryptocurrency exchange that offers a unique trading terminal and over 220 cryptocurrencies for trading. It provides up to 1:5 leverage for spot crypto trading with consistent rollover fees, and up to 1:50 leverage on futures. Additionally, it offers crypto staking services and features an interactive NFT marketplace. | |
| Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures | Cryptos |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $1 | $10 |
| Trading Platforms | InstaTrade Gear, MT4 | AlgoTrader, Quantower |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer | Bitcoin Payments, Etana, Ethereum Payments, PayID, Silvergate Bank Transfer, Wire Transfer |
| Minimum Trade | 0.01 | Variable |
| Regulator | BVI FSC | FCA, FinCEN, FINTRAC, AUSTRAC, FSA |
| Account Currencies | USD, EUR, RUB | USD, EUR, GBP, CAD, AUD, JPY, CHF |
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| Mobile Apps | iOS & Android | ✓ |
| App Review | 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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| iOS App Rating | ||
| Margin Trading | ✓ | ✓ |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✗ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✗ | ✓ |
| Auto Trading | Experts Advisors (EAs) on MetaTrader | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin |
| 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 | ✗ | ✗ |
| Islamic Account | ✗ | ✗ |
CFD Trading | ||
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 | 1:1000 | |
| FTSE Spread | 660 | |
| GBPUSD Spread | 0.2 | |
| Oil Spread | 0.0 | |
| Stocks Spread | 8 (Apple Inc) | |
Forex Trading | ||
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 | 0.2 | |
| EURUSD Spread | 0.0 | |
| EURGBP Spread | 2.8 | |
| Assets | 65 | |
Cryptocurrency Trading | ||
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. | Kraken is a specialized cryptocurrency exchange that supports over 220 cryptocurrencies, including well-known tokens like Bitcoin and various altcoins. Traders can conduct trades on immediate cryptocurrency markets with up to 1:5 leverage, or on future markets with up to 1:50 leverage. The fees are minimal and the platform is simple to use. | |
| Crypto Spread | 0 | 0-0.26% average |
| Crypto Coins | BTC, ETH, XRP, LTC, SOL, UNI, DOGE, BCH, FIL, ADA, DOT, LINK | AAVE, ALGO, ANT, REP, REPV2, BAT, BAL, XBT, BCH, ADA, LINK, COMP, ATOM, CRV, DAI, DASH, MANA, XDG, EWT, EOS, ETH, ETC, FIL, FLOW, GNO, ICX, KAVA, KEEP, KSM, KNC, LSK, LTC, MLN, XMR, NANO, OCEAN, OMG, OXT, PAXG, DOT, QTUM, XRP, SC, XLM, STORJ, SNX, TBTC, USDT, XTZ, GRT, TRX, UNI, USDC, WAVES, YFI, ZEC, BNB |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✓ |
| Auto Market Maker | ✗ | ✗ |