RoboForex vs InstaForex

RoboForex vs InstaForex Comparison Table 2024
RoboForex InstaForex
4.5
3.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active day traders.

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.

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. 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.
Customer Reviews
3.5
Bonus Offer
$30 No Deposit Bonus Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Promotions

Claim A 100% Deposit Bonus At InstaForex

Comment by Reviewer
"RoboForex is a good pick for traders looking for a vast range of day trading markets with ECN accounts, powerful charting platforms and loyalty promotions. Real stocks traders will also appreciate the R Stocks Trader terminal, with automated trading capabilities." "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."
Pros
  • The proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
  • Automated trading is permitted in all platforms with user-friendly robot builders and strategy testing features
  • ECN and Prime accounts are available for active day traders looking for low fees and market execution
  • Fast account funding is available, with over 20 payment methods and minimum deposits from $5
  • There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
  • Traders can get two free withdrawals each month, among other promotional deals
  • You can access commission-free trading on thousands of US stocks
  • 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
Cons
  • The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
  • 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
Awards
  • Best Global Mobile Trading App 2020 - Global Forex Awards B2B
  • Best Broker of the CIS 2019 - IAFT Awards
  • Best Investment Platform 2019 - IAFT Awards
  • Best Educational Forex-Center CIS 2019 - IAFT Awards
  • Best Stock Broker Asia 2019 - International Business Magazine Awards
  • Best Investment Products 2019 - Global Brands Magazine
  • 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
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Demo Account
Yes Yes
Minimum Deposit
$10 $1
Trading Platforms
  • R StocksTrader
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Bank cards, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay, WebMoney, plus Local Banking & Transfer Solutions
Minimum Trade
0.01 Lots 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Regulator
FSC BVI FSC
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
No Yes
LAMM Account
Yes 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 No
Mobile Apps
iOS & Android, R StocksTrader iOS and Android + browser based platform
Android App Rating
4.4
3.6
iOS App Rating
4.7
3.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
Yes Yes
Copy Trading Platform
RoboForex offers a market-leading copy trading service for currency traders - CopyFX. The minimum investment is low at $100 and you retain control over your allocated funds. RoboForex also offers MetaTrader 4 MultiTerminal (Multi Account Manager), allowing traders to manage multiple accounts from one master solution. The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.
Social Trading
Yes Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
Yes 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
Stock Exchanges
Commodities
CFD Trading
There's a huge selection of 12000+ CFDs covering forex, stocks, indices, ETFs, commodities and futures. Micro lot trading is available and you can start with just $10 - ideal for beginners or traders on a budget. Additionally, the loyalty bonuses will serve seasoned day traders. 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.
Leverage
1:2000 1:1000
FTSE Spread
N/A Fixed
GBPUSD Spread
2 Av. Floating 0.6 pips
Oil Spread
5.2 Fixed
Stocks Spread
0.1 Commissions as low as 0.1%
Forex Trading
RoboForex offers over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment. 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.
GBPUSD Spread
2.0 Av. Floating 0.6
EURUSD Spread
1.4 Av. Floating 0.2
EURGBP Spread
1.6 Av. Floating 0.5
Assets
30+ 1000+
Currency Indices
  • USD
Cryptocurrency
Crypto trading not offered 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.
Spread
Variable 0.1%
Coins
  • No
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • and50+more
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. 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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