FXTM vs InstaForex Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXTM or InstaForex?
Our pick: InstaForex
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - InstaForex looks preferable to FXTM.
InstaForex scored 4.2/5 and ranks 34 in our all Forex brokers list, whereas FXTM has 4.1/5 and ranks 45.
This is not financial advice. See the full comparison below.
Who is FXTM suitable for?
Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.
Who is InstaForex suitable for?
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.
Comparison Table of FXTM and InstaForex
| Broker | FXTM | InstaForex |
|---|---|---|
| Rating | 4.1/5 | 4.2/5 |
| Foundation Year | 2011 | 2007 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXTM Review | InstaForex Review |
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
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 | FXTM | InstaForex |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 2011 | 2007 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines |
| Regulators |
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
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 | FXTM | InstaForex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FXTM
Opening an account with FXTM is a simple and fast process.
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 | FXTM | InstaForex |
|---|---|---|
| Account Types | 4.5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
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 | FXTM | InstaForex |
|---|---|---|
| Commissions | 3/5 | 2.2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | ||
| Commission per Lot | $2.16 | $3 |
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
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 | FXTM | InstaForex |
|---|---|---|
| Rating | 4/5 | 4.7/5 |
| Account Funding Methods |
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FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
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 | FXTM | InstaForex |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 48 | 108 |
| Precious Metals | 3 | 8 |
| Energy Carriers | 3 | 6 |
| Indices | 13 | 21 |
| Stocks | 640 | 1448 |
| Cryptocurrency | 11 | 72 |
| Soft Commodities | - | 13 |
| ETF | - | 67 |
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No soft commodities.
InstaForex
A wide range of trading instruments is available on InstaForex, including 110 currency pairs and various Contracts for Difference (CFDs).
Trading Platforms
| Broker | FXTM | InstaForex |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Trading Platforms |
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FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
InstaForex
InstaForex offers a wide selection of platforms, which can satisfy the needs of the overwhelming majority of traders.
Analytics
| Broker | FXTM | InstaForex |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
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 | FXTM | InstaForex |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
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 | FXTM | InstaForex |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
LinkedIn
Telegram
Skype
Twitter
Viber
YouTube
Whatsapp
OK
VKFXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
InstaForex
The technical support of InstaForex demonstrates good customer service, offering various ways to connect and prompt responses to client inquiries.
Comparisons of FXTM and InstaForex with other brokers
Conclusion
InstaForex stands out as the better overall pick, while FXTM trails on aggregate criteria.
InstaForex scored 4.2/5 and ranks 34 in our rating; FXTM has 4.1/5 and ranks 45.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXTM or InstaForex?
InstaForex comes out ahead by overall rank (score 4.2/5, position 34) versus FXTM (score 4.1/5, position 45).
Which broker is better for beginners: FXTM or InstaForex?
InstaForex is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FXTM or InstaForex?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXTM and InstaForex?
FXTM: MetaTrader 4, MetaTrader 5. InstaForex: MetaTrader 5, MetaTrader 4, InstaForex Webtrader. See the “Platforms” section for details and selection tips.
What markets can you trade with FXTM and InstaForex?
FXTM: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. InstaForex: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXTM and InstaForex?
FXTM: Micro, Advantage, Advantage Plus. InstaForex: Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXTM and InstaForex?
FXTM: Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Visa, Mastercard, Maestro, Альфа Банк, Dotpay. InstaForex: Skrill, Neteller, YooMoney, PayCo, AstroPay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXTM or InstaForex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
