InstaForex vs BlackBull Markets

InstaForex vs BlackBull Markets Comparison Table 2024
InstaForex	BlackBull Markets
Review 3.7	Review 3.7

InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC.	BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
Bonus Offer
Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Promotions
Claim A 100% Deposit Bonus At InstaForex
Comment by Reviewer
"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."	"BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."
Pros
InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources The broker is accessible for beginners, with low minimum deposits, Cent accounts (for global clients) and zero-commission trading available There’s a copy trading service available with just a $10 minimum deposit, allowing clients to become both followers and providers There’s a decent range of free and fast payment methods including local bank transfers, bank cards, e-wallets and cryptos InstaForex has a strong industry reputation, with a 15+ year history and serving over 7 million clients	CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading Commission-free trading with spreads from 0.0 pips Superb range of platforms including TradingView Pro Responsive customer service during testing Excellent educational content for beginners $0 minimum deposit and 0.01 lot trades Huge range of 26,000+ instruments Autochartist plugin
Cons
The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+ The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers	Withdrawal fees with some methods US traders not accepted
Awards
Best Forex Broker, International Investor Awards 2022 Best Crypto Broker 2022, Forexing.com Best Customer Service Broker 2022, AllForexBonus.com Best Broker 2022 in Latin America, International Business Magazine Best Affiliate Program 2022, GBM Best Forex Broker 2022, International Investor Awards Most Active Broker in Asia 2020, AtoZ Markets Forex Awards Best Affiliate Program 2020, Global Brands Magazine Best Broker in Asia 2019, Le Fonti Awards Best Managed Account 2019, IAFT Awards Best ECN Broker in Asia 2018, International Business Magazine	Best ECN Broker 2022 Deloitte Fast 50 Index 2021 Best NZ Forex Broker 2021
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
Demo Account
Yes	Yes
Minimum Deposit
	$0
Trading Platforms
MT4 MT5	MT4 MT5 cTrader TradingView AutoChartist
Payment Methods
AstroPay Bitcoin Payments Ethereum Payments Giropay Mastercard Neteller Przelewy24 Rapid Transfer Skrill Visa Wire Transfer	Bitcoin Payments Boleto Credit Card Debit Card FasaPay Mastercard Neteller Skrill UnionPay Visa
Minimum Trade
	0.01 Lots
Regulator
	FMA, FSA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS and Android + browser based platform	iOS & Android
Android App Rating
3.6	3.7
iOS App Rating
3.6	3.7
Auto Trading
Yes	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.	Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools.
Social Trading
Yes	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP CAD AUD NZD JPY ZAR SGD
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) DAX GER 40 Index FTSE UK Index Nasdaq
Commodities
Cocoa Coffee Copper Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Silver Soybeans Sugar Wheat	Cocoa Coffee Corn Gasoline Gold Natural Gas Oil Silver Sugar Wheat
CFD Trading
You can trade CFDs across a range of diverse markets with flexible account types and leverage up to . With access to both MT4 and MT5, day traders can execute multiple short-term CFD trading strategies using the dozens of pre-integrated technical indicators and graphical objects.	BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support.
Leverage
	1:500
FTSE Spread
	10.4
GBPUSD Spread
Av. Floating 0.6 pips	0.8
Oil Spread
	5.2
Stocks Spread
Commissions as low as 0.1%	Variable
Forex Trading
InstaForex's range of 100+ currency pairs is among the largest we have seen. ECN spreads are also available from 0.0 pips with zero commissions. Minimum deposits start from making the broker accessible for beginners. You can also access market-leading forex analysis and insights.	BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.
GBPUSD Spread
Av. Floating 0.6	0.8
EURUSD Spread
Av. Floating 0.2	0.2
EURGBP Spread
Av. Floating 0.5	0.8
Assets
1000+	64
Currency Indices
USD
Cryptocurrency
	BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule.
Spread
0.1%	Variable
Coins
BCH BTC ETH LTC XRP and50+more	BTC ETH BCH LTC XRP DOGE ADA DOT LINK EOS XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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