InstaForex vs IG: Which One is Better for You?


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

Feature
Go to InstaForex

Go to IG

Rating

General Rating 3.54/5
4.35/5
Trustpilot 4.7/5

rated by 154 users
3.6/5

rated by 4 users

General Information

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

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

Reviews

General Review Read InstaForex Review Read IG Review
User Reviews

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


Afdal

Jul 22 2020

My $1000 deposit got delayed so bad


Marcus Ny

Jul 22 2020

I failed to log in even though I'm already sure that I write in the right account no. and trader password.


Tony Brown

Jul 22 2020

I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. For the asset options there are Forex, Commodities (even Soybean and Coffee futures), as well as US Stocks CFD


Mxtrade

Jul 22 2020

I'm so turned off by this broker. My orders were forcefully closed in many cases. They should help their clients but they seem to trade against them. I canceled my plan to deposit in the real account.

I also research some information about them, and I'm so surprised by the many claims of them being a scam. Their license from a Russian association was also revoked.


Henry Taylor

Jul 22 2020

Accessing their features is getting more difficult each day..


Eric Henderson

Jul 22 2020

I requested callback for so many times but they never call me


Wilson

Jul 22 2020

I see a lot of traders join Instaforex and that their clients have reached 3 million. The customer support is helpful when I first register my account. I wish it can be a beautiful beginning


Aryasa

Jul 22 2020

The WD form informs that the process will only take 24 hours. But it's not what really happens as I got nothing for more than 3 days. I think it has something to do with my account being a bonus account.

For your own sake, please improve yourself. You're my very first broker and I want to keep trading with you.


Priy

Jul 22 2020

I consider myself as one of their loyal clients. I have been with them for 5 years and I really trust their credibility. Yet, I currently have a problem with their withdrawal process. I have been requesting three times but they give no response to me. So irresponsible imho


Lewis Adams

Jul 22 2020

I want to share my experience with InstaForex. I have been trading for 2 years with them and I also own a PAMM account as the trader. I'm still in college so I got a lot of time during the afternoon to trade.

I handle a lot of investors' accounts and I feel like it's very easy to make this PAMM module as my alternative side job to get an income with only my laptop and internet connection.


TraderYes94

Jul 22 2020

I never face a problem with their deposit and withdrawal. But the strange thing is when my rebate bonus reached more than 3 million there are problems with my withdrawal


Yamasamu H.

Jul 22 2020

I'm quite content with my trading in instaforex. They are reliable in their support. I have been helped so many times and they are always ready 24 hours. I started trading with only $1 and I could earn $300 9 months later. My favorite feature from them is their Forexcopy system.


Armadani

Jul 22 2020

I've been their client for 7 years. Their service is pretty good but the trading execution is troublesome at times. Hope they can fix it


Theo K Davies

Jul 22 2020

I can't request deposit from the website, unlike any other brokers normally. The process is soo complicated I actually have to contact their IB. Also, there's no fix rate here.

While they got many trading instruments I can't trade with this broker seeing that the deposit process is so difficult.


Kevin Rant

Jul 22 2020

You a**hole! I opened 20 lots of position during news release, 800% of margin, my SL and TP suddenly moved on their own. My SL was executed 30 minutes before the news release.

I didn't use any trailing stop. It got so bad that my account got MC eventually. Don't believe any of their bonuses. They're so cruel with their clients


Joco Andreas

Jul 22 2020

Here's my two-cent on InstaForex:

It's good since the beginning and there are many bonuses from Welcome Bonus, No Deposit Bonus, to InstaForex Club Bonus. My account is verified quickly and their Customer Support is always ready to help me during the verification process.


Farrel Mayz

Jul 21 2020

Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker.

A few that I can mention include low minimum deposit (only USD1) and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.


Irwan Bacht

Jul 21 2020

After more than 1 year I finally knew the downside of this broker. My profit for GBP/USD was canceled because of rule violation. Below is their email:

Dear Xxx,

We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:

235.56 || CANCEL ERROR ORDERS

On your account xxxxx were fixed orders contradicting with point 3.14.6. of the Public Offer Agreement:

3.14.6. The Customer agrees to undergo a supplementary expert examination of the trading account, if it has been revealed that the trading methods of the Customer include opening and closing/opening lock positions with a less than 5-minute interval between them. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.

We apologize for the inconvenience, and feel free to contact us by email address antifraud@mail.instaforex.com in case you have any questions.

This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta.


Raymon Bild

Jul 21 2020

InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too


Franscesca

Jul 21 2020

Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs.


Robert Zappa

Jul 21 2020

I can trade with only $1 for initial deposit. Trading can't get any easier than this


Zayd Q

Jul 21 2020

When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money. They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful


Ego Fr

Jul 21 2020

I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful. It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on.


Rachel Dean

Jul 21 2020

After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all.

When I try to contact them via email and chat, they're very responsive and help me to send some verifications. They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex


Jim Tel54

Jul 21 2020

My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. should be good for wd.

The support gave me some directions to email the antifraud. Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers


Onlyone Ron

Jul 21 2020

My rebate was held and I received a WARNING LEVEL 2... My Ib explained I might violate some rules regarding close and open positions.


Ray LaFelle

Jul 21 2020

I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts. Everything goes well and the financial transaction is smooth too.


Samh

Jul 21 2020

Spread's too big, slow execution, fixed spread whtv


Matt Eldry

Jul 21 2020

I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better


OeePro

Jul 21 2020

In their CFD Trading, swap rates are still applied although I trade with a Swap Free account


Angus Delaney

Jul 21 2020

Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.


Robert83

Jul 21 2020

Insta makes it hard to verify an account, it's so discouraging


Wisetrader nation

Jul 21 2020

I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker


Sanders

Jul 21 2020

Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.

Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT4... smh


Yann Schm

Jul 21 2020

You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses


Diego Jr

Jul 20 2020

The best broker is Instaforex. Easy deposit (15 minutes) and withdrawal. I gained profit USD50,000++ with them


Rick Dayton

Jul 20 2020

I like InstaForex 'cuz the rebate is the biggest...

There is a deposit bonus 30% plus rebate commission, so I get double profit


Patry

Jul 20 2020

InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:

1. Trading more than 1 lot will disturb their MT4 performance.

2. I've won a trading contest (rally fx) but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing.

3. Once, I received an affiliation bonus. It was $300 and credited to my MT4 Balance in just a day. In a one-sided decision, InstaForex canceled the bonus because of "some miscalculation" that caused my balance to be reduced by $300. My account was negative for several hours then turned back to normal the next day.


Simple Fibonacci

Jul 20 2020

InstaForex is very suitable for trading with simple fibonacci strategy.


Terry P

Jul 20 2020

I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.


Rian Dwight G.

Jul 20 2020

I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones.

I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad


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.


Rachel

Aug 19 2020

I wanted to trade Forex on the MT4 platform, but it is not possible to set pending orders close to the market price. For some cross pairs, pending orders must be a minimum of 20 pips away from market price! I always trade with pending orders so I was forced to change broker.


Paul Klein

Aug 18 2020

I do not recommend using IG and moved to another platform. The app flicker and jams on daily basis making all trades impossibles and blocked for days as slow and even failure to respond or return scheduled call. Statement is reporting false activities and numbers are going all over the place.


Mr. Reviewer

Aug 17 2020

Overall my experience with IG was positive. The only issue I had was when trying to withdraw funds from my ISA through the app. It gave conflicting information and I lost confidence in it. A call to the help desk cleared it up and Sharath was very helpful.


Ibrahim

Aug 15 2020

IG is great as the markets are very accessible and the spreads are low but trade execution can be slow and you end up losing out. During a market spike their price settlement sets you off your price every time. They trade with “Instant execution” and not Direct “Market Execution” that guarantees you the price you quote without delays.


Fergusson

Aug 11 2020

Very happy with my account with IG. There partnership with pro real time makes for excellent charting software. Any queries have been swiftly replied to. Spreads are reasonable and placing trades are responsive with little slippage on day trading.


Dominic

Aug 10 2020

The introduction of quarterly fees for holding positions has put me off entirely and I’m gradually moving my positions to another platform with no fees.


Clayton

Aug 8 2020

The representative replied quickly and handled what I had requested before replying and giving me the run around. Thank you so much.


Andrea

Aug 7 2020

I opened an account with IG, and provided all documents they asked, they verified those documents, but my account is still pending. Their customer service service doesn't reply to my emails.


Xerene

Aug 5 2020

You can see the open trade only if you choose the direct account of if. You don’t see it in the meta trader. Or you check your paper statement. I close the account.


Edward122ZP

Jul 28 2020

I have been trying to call them for days. I got a hold of a representative one time after waiting for a very long time. They did respond to my e-mail eventually.


Mick81

Jul 23 2020

They should fired all their support people asap. 3 weeks ago we sent all the documents and still waiting for the account to be opened. Zero confirmation from them.


Rampsey

Jul 18 2020

Been with IG fore some times, and never had a complaint, plenty of queries which were usually dealt with timely and to satisfaction. Good platform, very wide range of markets, variable spreads so very tight except for occasional short periods when there is very high volatility in the market or at such times when there is a lack of liquidity (not good times for retail to be trading anyway). Definitely would recommend to friends.


Ryan123

Jul 15 2020

I had some horrible experiences at first with customer service. My latest experience was for a significant withdrawal which ended up working out ok. The only reason I am switching brokers is because their system doesn't work for my needs.
If you prefer GMT close candles, normally trade just the majors, small account size, swing/position trader, this broker is for you. These things are not me.


intercarro01

Jul 13 2020

I tried to open a trading account but because IG representative behave like an encyclopedia salesman, I'm just not sure anymore.


Lindsay

Jul 10 2020

Since I've signed up with them a little over a week ago its been issue after issue. The system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very annoyed.


Daniel

Jul 9 2020

There are far better brokers out there. When trading through IG it is very clear you are trading with a b-book broker. They send out dodgy trade ideas daily. They make their own pricing when the markets are closed, including on weekends. When the market is closed and they are offering their own pricing, they blatantly chase stop losses. This kind of thing happens almost every time you have an open position in one of their grey markets during a trading break. Overall, I'd say dont bother with IG, even though they are market leaders, they are most definitely dodgy and only want you to lose money.


Delakay

Jul 8 2020

Dont trade with this broker. IG steals your money by triggering your stoploss. They are a bunch of stoploss hunters which give a shit about your clients. Your core business is taking the other side of the trades and stealing points from poor retail traders who dont know what they are doing. Shame on you IG, I thought you were different than other brokers!


Greg Hutt

Jul 1 2020

I have found broker with far less restrictions and more helpful. Chat service are not that knowledgeable. Severe restrictions on what you can set as a take profit on major currency pairs.


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



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



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

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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