InstaForex vs Plus500 Comparison
Plus500We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of InstaForex and Plus500
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 4.2/5 | 4.3/5 |
| Foundation Year | 2007 | 2007 |
| Regulated in Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Minimum Deposit |
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| Spread | from 0 points | from 0.6 points |
| Max Leverage | 1:1000 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | InstaForex Review | Plus500 Review |
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.
Plus500 is a robust choice for seasoned traders who appreciate a variety of trading CFDs and advanced analytical capabilities.
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:
Plus500 Review
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
Plus500 is in the top 10 of the following ratings:
Reliability
| Broker | InstaForex | Plus500 |
|---|---|---|
| Reliability | 4/5 | 5/5 |
| Foundation Year | 2007 | 2007 |
| Regulated in Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Regulators | BVIFSC BVIFSC CySEC CySEC SVGFSA SVGFSA SVGFSA SVGFSA | CySEC CySEC FCA FCA ASIC ASIC NZ FMA NZ FMA FSCA FSCA SFSA SFSA EFSA EFSA MAS MAS CFTC CFTC NFA NFA |
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.
Plus500
Plus500 is registered and regulated in several jurisdictions by authoritative bodies. This means that the broker is required to adhere to strict financial standards and provide regular reports on its activities to regulators.
Account Opening
| Broker | InstaForex | Plus500 |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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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.
Plus500
Opening an account with Plus500 is straightforward due to its fast registration and low minimum deposit. Beginners should use the demo account and Trading Academy to learn before real trading.
Account Types
| Broker | InstaForex | Plus500 |
|---|---|---|
| Account Types | 5/5 | 2/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.6 points |
| Max Leverage | 1:1000 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
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
Plus500
The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.
Commissions
| Broker | InstaForex | Plus500 |
|---|---|---|
| Commissions | 2.2/5 | 3.5/5 |
| Spread | from 0 points | from 0.6 points |
| Average Spread (EURUSD) | 1.2 | |
| Commission per Lot | $3 |
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
Plus500
Plus500 offers clients market average trading commissions.
Pros
- No commission for deposit or withdrawal.
Cons
- Inactivity account fee.
Deposit and Withdrawal
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 4.7/5 | 5/5 |
| Account Funding Methods |
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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.
Plus500
Plus500 offers convenient and diverse methods for depositing and withdrawing funds, but processing requests may take up to 3 business days.
Pros
- Wide selection of payment systems.
- No commission for depositing and withdrawing.
Markets and Products
| Broker | InstaForex | Plus500 |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 108 | 65 |
| Precious Metals | 8 | 5 |
| Energy Carriers | 6 | 7 |
| Soft Commodities | 13 | 10 |
| Indices | 21 | 36 |
| Stocks | 1448 | 1550 |
| ETF | 67 | 96 |
| Cryptocurrency | 72 | - |
InstaForex
A wide range of trading instruments is available on InstaForex, including 110 currency pairs and various Contracts for Difference (CFDs).
Plus500
Plus500 offers a deep diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide.
Trading Platforms
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| Trading Platforms |
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InstaForex
InstaForex offers a wide selection of platforms, which can satisfy the needs of the overwhelming majority of traders.
Plus500
Plus500 offers an efficient, user-friendly platform, however, there is no choice between platforms.
Pros
- Proprietary platform
- Available on mobile devices.
Cons
- No choice between platforms.
Analytics
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 5/5 | 5/5 |
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.
Plus500
Plus500 offers good analytical tools and useful services.
Pros
- Insights+
- ESG scoring
- Convenient risk management tools
Education
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
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.
Plus500
Plus500 offers its users quality training through webinars, interactive materials and e-books. This allows traders to gain comprehensive knowledge for a successful start and effective trading.
Pros
- Quality and detailed video lessons
- Free webinars from independent experts
- Interactive guides and e-books
Customer Support
| Broker | InstaForex | Plus500 |
|---|---|---|
| Rating | 5/5 | 3.7/5 |
| Email Support |
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| Hotline Phones |
| — |
| Social Media |
Telegram
Whatsapp
OK
VK
Viber
Skype
Twitter
Messenger
Facebook
InstagramInstaForex
The technical support of InstaForex demonstrates good customer service, offering various ways to connect and prompt responses to client inquiries.
Plus500
The Plus500 customer support is limited and not ideal, although it provides support in multiple languages 24/7.
Pros
- Support in many languages.
- Operates around the clock.
Cons
- Lack of direct communication channels (e.g., telephone).
- Potential delays in responses due to limited communication channels.
