InstaForex vs Superforex

InstaForex vs SuperForex Comparison Table 2024
InstaForex SuperForex
3.7
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Bonus Offer
Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses $88 No Deposit Bonus
Promotions

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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." "SuperForex will suit experienced traders looking for high leverage rates and premium membership packages. The broker also continues to stand out for its wide selection of beginner-friendly accounts, although the lack of top-tier regulation is a notable drawback."
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
  • SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading
  • You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time
  • Various accessible payment methods are supported, including crypto, with zero fees and fast processing times
  • SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero
  • There’s a good range of STP and ECN account types to choose from, as well as crypto and cent accounts
  • The broker offers an impressive range of 12+ account base currencies covering multiple global regions
  • Traders can receive 5% annual interest on their account equity - a great way to earn passive income
  • There’s a decent range of educational resources including video tutorials, guides and seminars
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
  • The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards
  • The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
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 Cryptocurrency broker LATAM 2022 – Global Business Magazine
  • The Best Withdrawal Options Africa 2022 – World Financial Award
  • Best ECN Broker in Africa 2021 – Global Business Magazine
  • Best ECN Broker in Africa 2021 – International Business Magazine
  • Best New ECN Broker in Africa 2020 - Global Brands Magazine
Instruments
Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
Yes Yes
Minimum Deposit
$1 $1
Trading Platforms
  • MT4
  • MT5
  • MT4
Payment Methods
Bank cards, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay, WebMoney, plus Local Banking & Transfer Solutions
Minimum Trade
0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica) 0.01 Lots
Regulator
BVI FSC IFSC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
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 No
Mobile Apps
iOS and Android + browser based platform iOS & Android
Android App Rating
3.6
iOS App Rating
3.6
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
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. The Forex Copy system provides access to a huge network of experienced traders with strategies that can be mirrored in a few clicks. You only need $10 to get started with the copy trading solution.
Social Trading
Yes Yes
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • AED
  • BRL
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
You can trade CFDs across a range of diverse markets with flexible account types and leverage up to 1:1000. 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. SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors.
Leverage
1:1000 1:2000
FTSE Spread
Fixed 6.0 (standard account)
GBPUSD Spread
Av. Floating 0.6 pips 2.5 (standard account)
Oil Spread
Fixed 5.0 (standard account)
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 $1 making the broker accessible for beginners. You can also access market-leading forex analysis and insights. With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.
GBPUSD Spread
Av. Floating 0.6 2.5 (standard account)
EURUSD Spread
Av. Floating 0.2 2.0 (standard account)
EURGBP Spread
Av. Floating 0.5 2.5 (standard account)
Assets
1000+ 100+
Currency Indices
  • USD
Cryptocurrency
There's a range of 10+ crypto tokens against USD, with 0.1% fees and 1:5 leverage. You can also trade the Bitcoin token with spreads around 25, which is in line with similar brokers. SuperForex offers cryptocurrency CFDs on 11 popular tokens including Bitcoin, Dash, Solana and Polkadot. 1:10 leverage is available for crypto assets and although this is a fairly limited selection of digital assets, it covers the most important tokens.
Spread
0.1% Floating or fixed
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • and50+more
  • BTC
  • ETH
  • LTC
  • ZEC
  • DASH
  • BCH
  • XMR
  • NEO
  • EOS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
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