ForexChief vs InstaForex

ForexChief vs InstaForex Comparison Table 2022
ForexChief InstaForex
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms. InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Awards
The Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards
Most Active Broker in Asia 2020 by AtoZ Markets Forex Awards
Promotions

InstaForex Offers $3500 No Deposit Bonus

Bonus
$100 no deposit None
Instruments
Stocks, CFD, Forex, Crypto Currency pairs, CFDs on commodities, indices, stocks, cryptocurrencies, metals
Demo Account
Yes Yes
Minimum Deposit
$10 €100 to €50000 (Account choice dependent)
Payment Methods
Bitcoin Payments, Credit Card, Debit Card, Neteller, Perfect Money, Skrill, UnionPay, Webmoney, Wire Transfer BPAY, Credit Card, Mastercard, Perfect Money, Skrill, Sofort, WeChat Pay, Yandex Money
Minimum Trade
0.01 lots 0.01 Lots
Regulator
VFSC CySec
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
STP Account
Yes No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS and Android + browser based platform
Auto Trading
Yes Via Copy Trading service
Trade Signals
Yes -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Social Trading
No Yes
Copy Trading
Yes Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, JPY, CHF EUR, GBP
CFD
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:1,000 1:30
FTSE Spread
80 Av. Floating 100 pips
GBPUSD Spread
0.9 Av. Floating 0.6
Oil Spread
12 2 Pips
Stocks Spread
50 Floating, commissions as low as 0.01%
Forex
ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5. Offering a range of accounts, including ECN, InstaForex can reduce average spreads to just 0.1 pips. The range of pairs offered is also among the largest of any broker.
GBPUSD Spread
0.9 Av. Floating 0.6
EURUSD Spread
0.4 Av. Floating 0.2
EURGBP Spread
0.9 Av. Floating 0.5
Assets
40 1000+
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. InstaForex offer crypto CFD trading on 19 leadings currencies with very low fees. Leverage is 1:2 for EU traders.
Spread
Variable 0.10%
Coins
BTC, BCH, ETH, LTC, XRP BCH, BTC, ETH, LTC, XRP and 14 more
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No -
Auto Market Maker
No No
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