Compare InstaForex Vs XM: Which is the Better Forex Broker in 2024?
InstaForex Vs XM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between InstaForex Vs XM, here is the direct comparison:
Feature | InstaForex | XM |
General Rating |
2.24/5 |
3.38/5 |
|
Score | 63 | 80 | |
Trustpilot |
2.8/5 330 users |
2.6/5 591 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2007 | 2009 | |
💲 Min Deposit | $1 | $5 | |
⚖ Max Leverage | 1:1000 | 1:1000 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $30 | $3.50 | |
💡 Min Position | 0.0001 lot | 0.01 lot |
💳 Payment | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, AliPay, SOFORT, Crypto, Litecoin, Dash, Crypto Cash, AdvCash, Ripple, Tether (USDT), Dogecoin, NEO, AstroPay and EOS.IO | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Azerbaijani, Bulgarian, Czech, German, English, Spanish, Indonesian, Italian, Japanese, Georgian, Lithuanian, Latvian/Lettish, Malay, Dutch, Polish, Portuguese, Russian, Slovak, Turkish, Ukrai | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
🚪 Trade Now | Open InstaForex | Open XM |
Testimonials
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InstaForex: Hi, I have been trading with InstaForex since last Christmas....
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InstaForex: I noticed that InstaForex also accept cash deposit as well...
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InstaForex: I have experienced smooth trading experiments with this broker. Although...
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InstaForex: I just start trading with this broker and so far...
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InstaForex: InstaForex is one of few brokers that actually keep their...
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InstaForex: Hi, I have been trading with InstaForex since last Christmas....
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InstaForex: I noticed that InstaForex also accept cash deposit as well...
-
InstaForex: I have experienced smooth trading experiments with this broker. Although...
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InstaForex: I just start trading with this broker and so far...
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InstaForex: InstaForex is one of few brokers that actually keep their...
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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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InstaForex: Hi, I have been trading with InstaForex since last Christmas....
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See More InstaForex Testimonials
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See More XM Testimonials
News
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
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Forex Broker InstaForex Awarded the Best Forex Broker in LatAm
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Unlock Your Fortune: InstaForex Presents the Grand Choice Contest
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XM Contributes on Literacy Support to Orphans and Homeless in Iraq
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XM Kicks Off its 2023 Grand Trading Promotion
Articles
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How to Deposit and Withdraw in InstaForex
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InstaForex App Review: Trade Forex Like a Pro on Your Phone
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Exploring XM Exclusive Technical Indicators
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How to Verify Your InstaForex Account
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How to Open Account in InstaForex
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Explore XM MT5 Performance in Various Devices
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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Win Withdrawable Cash in XM Trading Competition
Bonus
Promotions
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, InstaForex provides their pricing with Fixed spread while XM offers Variable spread.
InstaForex vs XM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, InstaForex enables trading with MetaTrader 4, MetaTrader 5, Web, Social trading. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, XM provides trading with MetaTrader 4, MetaTrader 5, Social Trading, Web with the support of One-click trading, Trailing stop, Pending orders.
Is InstaForex or XM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, InstaForex supports trading with Forex, Gold & silver, CFD, Binary options, Crypto, Oil, Indices, Stock, Commodities, while XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to InstaForex and XM:
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