FIBO Group vs InstaForex Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FIBO Group and InstaForex
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 4.1/5 | 4.2/5 |
| Foundation Year | 1998 | 2007 |
| Regulated in Countries | British Virgin Islands | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FIBO Group Review | InstaForex Review |
FIBO Group is suitable for various types of traders, including beginners and experienced ones. A wide selection of accounts and trading platforms allows every trader to find the right solution.
InstaForex is suitable for beginner traders looking for simple conditions and education but may be unsuitable for professionals with large deposits due to wide spreads and low liquidity.
FIBO Group Review
FIBO Group is suitable for various types of traders, including beginners and experienced ones. The broad selection of accounts and trading platforms allows every trader to find an appropriate solution. Additionally, educational materials and analytics will aid in skill development and making informed trading decisions.
The broker offers competitive trading conditions, various instruments, and robust support. However, fees and the absence of certain assets may limit its potential.
Pros and Cons of FIBO Group
Pros
- A wide selection of trading and investment accounts.
- Low spreads, which facilitates more profitable trading.
- A wide range of payment methods.
- Availability of various trading platforms.
- Comprehensive analytics and educational materials.
Cons
- An inactivity fee.
- Withdrawal fees.
- The absence of stocks and ETFs in the range of instruments.
FIBO Group is in the top 10 of the following ratings:
InstaForex Review
InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.
InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.
Pros and Cons of InstaForex
Pros
- Large selection of trading instruments.
- PAMM accounts and the ForexCopy automatic trade copying service for passive income.
- 24/7 efficient customer support.
- Wide range of methods for depositing and withdrawing funds.
- Decent analytical section.
Cons
- Trading commissions are above average.
- No trading accounts with market execution of orders (ECN or STP).
- Broker commission on fund withdrawals.
InstaForex is in the top 10 of the following ratings:
Reliability
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Reliability | 3/5 | 4/5 |
| Foundation Year | 1998 | 2007 |
| Regulated in Countries | British Virgin Islands | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Regulators | BVIFSC BVIFSC | BVIFSC BVIFSC CySEC CySEC SVGFSA SVGFSA SVGFSA SVGFSA |
FIBO Group
FIBO Group, regulated by the BVIFSC, offers a certain level of reliability; however, its affiliation with an offshore zone may raise investor concerns.
InstaForex
InstaForex operates through multiple legal entities regulated by various financial authorities. However, it should be noted that these are not the strictest or most authoritative market regulators.
Account Opening
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FIBO Group
The registration and verification process is quick and secure, and the Client Area's functionality provides traders convenience.
InstaForex
Given the lack of minimum deposit requirements and the option to bypass verification for certain funding methods, it can be said that opening an account with InstaForex is maximally convenient and accessible.
Account Types
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Account Types | 5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FIBO Group
FIBO Group offers a range of options that cater to different types of traders, from novices to professionals.
InstaForex
InstaForex accounts offer sufficiently flexible conditions to meet the needs of most traders.
Pros
- Cent and Islamic accounts are available
- PAMM accounts and copy trading services are provided
Cons
- No market execution of orders
Commissions
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Commissions | 3/5 | 2.2/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | |
| Commission per Lot | $3 | $3 |
FIBO Group
FIBO Group's commissions are average for the market, with attractive spreads and swaps, but there may be additional costs.
Pros
- Lower-than-market spreads.
- Moderate transaction fees.
Cons
- Inactivity fee.
- Potential costs for depositing/withdrawing funds.
InstaForex
InstaForex offers its clients trading commissions above average compared to other brokers.
Pros
- Transaction commission slightly below market average
- Commission rebates (rebate) are available
Cons
- Inactivity fee is charged
- Withdrawal fees may apply
- Wide spreads
Deposit and Withdrawal
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 4.5/5 | 4.7/5 |
| Account Funding Methods |
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FIBO Group
A broad selection of payment methods and prompt payment processing.
Pros
- A large selection of payment systems, including cryptocurrencies.
- No deposit fees through many payment systems.
- Standard processing times for payments.
Cons
- Withdrawal fees through certain payment systems.
- Withdrawal of funds only in the same way as the deposit.
InstaForex
InstaForex provides various flexible options for depositing and withdrawing funds, although some fees may be higher than those of some competitors. This disadvantage is offset by the company's offer of advantageous deposit bonuses.
Markets and Products
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Markets and Products | 3.5/5 | 5/5 |
| Forex | 48 | 108 |
| Precious Metals | 5 | 8 |
| Energy Carriers | 4 | 6 |
| Soft Commodities | 4 | 13 |
| Indices | 8 | 21 |
| Cryptocurrency | 13 | 72 |
| Stocks | - | 1448 |
| ETF | - | 67 |
FIBO Group
FIBO Group offers a decent range of financial instruments.
Pros
- A large number of currency pairs.
- Availability of CFDs on cryptocurrencies.
- Access to trading futures on indices.
Cons
- Lack of stocks and ETFs.
- Additional products may be required for professional traders.
InstaForex
A wide range of trading instruments is available on InstaForex, including 110 currency pairs and various Contracts for Difference (CFDs).
Trading Platforms
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FIBO Group
FIBO Group offers three leading trading platforms, combining flexibility and functionality.
Pros
- Support for popular platforms MT4, MT5, and cTrader.
- The ability to develop custom trading algorithms.
- High-speed order execution on the cTrader platform.
Cons
- Lack of a proprietary unique platform.
InstaForex
InstaForex offers a wide selection of platforms, which can satisfy the needs of the overwhelming majority of traders.
Analytics
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
FIBO Group
The analytics section of FIBO Group is substantial and varied.
Pros
- A wide array of analytical tools and information.
- Daily forecasts and market updates.
- The presence of an economic calendar and current currency rates.
InstaForex
A strong point of InstaForex is its robust analytical section for beginners. The company's analysts publish daily market forecasts, breakdowns of trading situations, and important economic news.
Education
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
FIBO Group
Education at the FIBO Group Academy is highly valued due to its wide range of educational materials and experienced instructors.
Pros
- A variety of educational programs for traders of all levels.
- Professional expert instructors with years of Forex market experience.
- Availability of practical courses, webinars, video courses, and analytical streams.
Cons
- Lack of personalized approach in training.
InstaForex
InstaForex provides high-quality and diverse educational materials (video tutorials, courses, webinars), benefiting beginners and advanced traders. However, access to the entire training course is open only to owners of trading accounts.
Customer Support
| Broker | FIBO Group | InstaForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
Whatsapp
OK
VK
Viber
Skype
Twitter
MessengerFIBO Group
The technical support of the FIBO Group broker is positively evaluated due to its professional customer service system and the availability of contact channels.
InstaForex
The technical support of InstaForex demonstrates good customer service, offering various ways to connect and prompt responses to client inquiries.
