Traders at MTrading and InstaForex get PAMM accounts and proprietary copy trading services, but InstaForex offers additional passive investing services. Another benefit is the notably larger trading community of 7M+ at InstaForex versus 250,000+ at MTrading. The similarities extend to education and research, where InstaForex takes the lead amid a more mature product and services portfolio, including its in-house TV stream.
MTrading offers cheaper trading costs, the only drawback at InstaForex. Traders get the MT4 trading platform at MTrading, upgraded via the powerful and rare MT4 Supreme Edition. InstaForex offers traders the coreMT4/MT5, provides custom candlestick-based indicators, and two proprietary solutions. Generous bonuses exist at MTrading and InstaForex alike.
I have conducted an in-depth review of MTrading and InstaForex to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- MTrading versus InstaForex - Verdict
Cyprus Belize CySEC EFSA, FSC Belize 2007 2013 ECN/STP Market Maker $1 $1 MetaTrader 4 Other, MetaTrader 4, Web-based+ 3.0 pips ($30.00) 2.0 pips ($20.00) 3.0 pips ($30.00) 2.7 pips ($27.00) $0.00 $0.15 $0.80 $0.35 Visit Website Visit Website
Features and Platforms
| | |
MT4 | ||
MT5 | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
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Noteworthy:
InstaForex offers better rewards for high-frequency traders, but both brokers maintain very lucrative partnership programs. Unlike most brokers, one lot at InstaForex equals 10,000 currency units or 0.10 standard lot.
Available Markets
| | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
ETFs | ||
Futures | ||
Synthetics | ||
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MTrading maintains a balanced but small list of trading instruments, sufficient for beginners and those requiring few but liquid assets, like scalpers. InstaForex ranks among the leading Forex and commodity brokers based on its asset selection exceeding 110 currency pairs and 75 commodity contracts. It also maintains an introductory choice of equity CFDs.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 3.0 pips ($30.00) | 2.0 pips ($20.00) |
Average Trading Cost GBP/USD | 3.0 pips ($30.00) | 2.7 pips ($27.00) |
Average Trading Cost WTI Crude Oil | $0.00 | $0.15 |
Average Trading Cost Gold | $0.80 | $0.35 |
Average Trading Cost Bitcoin | $0.25 | $400.00 |
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While both brokers offer raw spreads from 0 pips, MTrading charges a commission of $8.00 versus $30.00 at InstaForex, which regrettably remains among the highest Forex trading costs. Equity trading at MTrading remains commission-free, and InstaForex charges 0.10%, the industry standard. Trading costs are where MTrading maintains a notable advantage.
Security and Trust
| | |
Country of the Regulator | Cyprus, British Virgin Islands | N/A |
Name of the Regulator | CySEC | EFSA, FSC Belize |
Regulatory License Number | SIBA/L/14/1082, 266/15 | N/A |
Regulatory Tier | 4, 1 | N/A |
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Both brokers have one unregulated subsidiary in St.Vincent and the Grenadines, where the financial regulator oversees business registrations but does not regulate brokers. Negative balance protection and segregation of client deposits from corporate funds apply at both brokers. MTrading maintains membership with the Hong Kong-based Financial Commission. It audits financial statements and offers a €20,000 investor compensation fund, like CySEC-regulated brokers and superior to many regulators.
MTrading versus InstaForex – Verdict
MTrading
Pros | Cons |
|---|---|
| Upgraded MT4 trading platform via Supreme Edition | Limited asset selection |
| PAMM accounts and copy trading platform | $500 minimum deposit for the competitively priced account |
| High leverage and 30+ payment processors | |
| Generous bonus program and affiliate offers |
InstaForex
Pros | Cons |
|---|---|
| Industry-leading choice of currency pairs and commodity contracts | High trading costs |
| MT4/MT5 trading platforms with custom candlestick-based indicators | |
| PAMM accounts and proprietary copy trading service | |
| Excellent research and education for beginner traders |
MTrading and InstaForex present quality trading environments to traders, but InstaForex has the overall advantage. InstaForex features a higher quality product and services portfolio enabling more strategies, except for trading costs and trading platforms, where MTrading pulls ahead for $500+ deposits. The core market for both brokers are emerging and frontier markets, PAMM accounts, and social traders. MTrading and InstaForex support algorithmic traders with VPS hosting and maximum leverage of 1:1000.
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FAQs
Is MTrading a good broker?
MTrading is a good broker for social traders and PAMM accounts for deposits above $500.
Can InstaForex be trusted?
InstaForex is a trustworthy and regulated broker.
Is MTrading regulated?
MTrading is unregulated but is a member of the Hong-Kong based Financial Commission.