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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RoboForex
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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. | RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system. | |
| Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $1 | $10 |
| Trading Platforms | InstaTrade Gear, MT4 | R StocksTrader, MT4, MT5, TradingView |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer | Alipay, AstroPay, Cashu, ecoPayz, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Volet, WeChat Pay, Wire Transfer |
| Minimum Trade | 0.01 | 0.01 Lots |
| Regulator | BVI FSC | IFSC |
| Account Currencies | USD, EUR, RUB | USD, EUR |
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| Mobile Apps | iOS & Android | iOS & Android, R StocksTrader |
| 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. | RoboForex offers excellent iOS and Android platforms for short-term trading, including MT4 and MT5. The R StocksTrader app impresses with its wide stock and ETF options, portfolio analytics, customizable watchlists, an events tracker, and fast, reliable trading. However, it lacks the popular cTrader app preferred by many traders. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, MAM, LAMM | |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✗ | ✓ |
| Auto Trading | Experts Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader |
| 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. | RoboForex’s CopyFX service is tailored for currency traders, offering flexible fund control. The 'Rating' view presents useful metrics on master traders, such as profit/loss, maximum drawdown, balance, and number of trades over periods from 1 week to 6 months. However, the signup process and resources are complex, which might confuse new investors, and the interface lacks the smooth experience offered by leaders like eToro. |
| Social Trading | ✗ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✓ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | |
| 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. | RoboForex provides over 12,000 CFDs, which include forex, stocks, indices, commodities, futures and ETFs. Traders can start with a $10 deposit and enjoy high leverage of up to 1:2000. Despite its offerings, RoboForex has slower execution speeds of 1-3 seconds, compared to IC Market's 0.35 seconds. This could affect traders who employ quick strategies. | |
| Leverage | 1:1000 | 1:2000 |
| FTSE Spread | 660 | |
| GBPUSD Spread | 0.2 | 0.4 |
| Oil Spread | 0.0 | 1.7 |
| Stocks Spread | 8 (Apple Inc) | 0.01 |
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. | RoboForex provides trading options for over 30 currency pairs. It also has competitive average spreads of 0.1 pips on the EUR/USD for Prime and ECN accounts. Traders can start using the CopyFX system, a tool that replicates the strategies of experienced traders, with just a $100 minimum investment. | |
| GBPUSD Spread | 0.2 | 0.4 |
| EURUSD Spread | 0.0 | 0.1 |
| EURGBP Spread | 2.8 | 0.4 |
| Assets | 65 | 30+ |
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. | ||
| Crypto Spread | 0 | Variable |
| Crypto Coins | BTC, ETH, XRP, LTC, SOL, UNI, DOGE, BCH, FIL, ADA, DOT, LINK | No |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |