IG vs InstaForex: Which One is Better for You?


IG vs InstaForex, 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 IG vs InstaForex, here is the direct comparison:

Feature
Go to IG

Go to InstaForex

Rating

General Rating 4.35/5
3.54/5
Trustpilot 3.7/5

rated by 4 users
4.7/5

rated by 225 users

General Information

Office(s) Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States Russian Federation
Regulation CFTC/NFA, 0509630
FCA (UK) 195355
FSA (St. Vincent & the Grenadines) IBC22945
FSC (BVI), SIBA/L/14/1082
Established 1974 2007
Minimum Deposit $1 $1
Maximum Leverage 1:50 1:1000
Spread Variable Fixed
Commissions $3 $30
Minimum Position 0.01 lot 0.0001 lot
Payment Credit/debit cards and Wire transfer AliPay, AstroPay, Bitcoin, Bitcoin Cash, Credit/debit cards, Dash, Dogecoin, Litecoin, Neteller, Ripple, Skrill, SOFORT, Tether (USDT), UnionPay and Wire transfer
Official Website Visit IG Visit InstaForex

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, French, German, Italian, Japanese, Portuguese, Spanish, Swedish Arabic, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turki
Email Support
Call Support
Chat Support

Reviews

General Review Read IG Review Read InstaForex Review
User Reviews

Silente

Aug 22 2020

Dreadful customer support. The app is brilliant but suffers with glitches. I tried to buy a fund and it kept give me error result.

Rizky Hussein

Aug 20 2020

IG apps sometimes unresponsive which result me cost more money. They need to broad their data research and news in relation to trades feeds.

More User Review

Jiji

Nov 13 2020

Like this broker. Recommend.

Beckley Uk

Jul 22 2020

I can't close my sell order with take profit execution, while everything is normal for buy order... so weird

More User Review

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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, IG provides their pricing with Variable while InstaForex offers Fixed.



IG vs InstaForex: 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, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, InstaForex provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is IG or InstaForex 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, IG supports trading with Forex, CFD, Oil, Spread betting, Cryptocurrencies, Gold & silver, while InstaForex presents the ability of trading with Forex, Gold & silver, CFD, Binary options, Cryptocurrencies.

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.

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