InstaForex vs eToro Broker Comparison

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Are you trying to figure out which is a better broker, InstaForex or eToro? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that InstaForex is the better of the two. InstaForex offers 300+ instruments, licenses from FSC, and fair trading fees.

In the tables below, you can compare the features of InstaForex and eToro side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked InstaForex higher than eToro.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
instaforexeToro
OPEN ACCOUNTReviewReview
RATING95.5/10094.7/100
MIN. DEPOSIT100$1000$
REGULATED BYmauritiusuk europe
BONUS$20No Information
MIN. SPREAD33
MAX. LEVERAGE1:10001:400
CURRENCY PAIRS11047
TRADING INSTRUMENTS300+2,200+
TRADING PLATFORMSMT4, MT5, PrivateMobile, Private
DEPOSIT METHODSBank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and moreBank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
TYPE OF BROKERSECNSTP/NDD
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT120
ESTABLISHED20072007
USED BY100,000+ Traders100,000+ Traders

Does InstaForex or eToro have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive InstaForex and eToro are, we first considered the common fees on Standard Accounts. At InstaForex the average spread for the EUR/USD currency pair is 3 pips, whilst at eToro the spread is 3.

This shows that both brokers equally provide low-cost forex trading opportunities.

When it comes to non-trading fees, InstaForex charges for inactivity, withdrawal. eToro charges for account, deposit. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that InstaForex is the better option.

Trading Fees*

TYPE OF FEEINSTAFOREXETORO
Minimum Spread EURUSD (pips)33
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEINSTAFOREXETORO
Account FeesNY
Inactivity FeesYN
Deposit FeesNY
Withdrawal FeesYN

Which broker is safer, InstaForex or eToro?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

InstaForex is regulated by FSC and does not offer client protection. eToro is regulated by FCA, CySec and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that eToro is the safer broker.

Broker summary

INSTAFOREXETORO
Minimum Deposit (USD $)1001000
LicensesFSCFCA, CySec
Max. Leverage1:10001:400
Client ProtectionNY
Broker TypeECNSTP/NDD
Number of Instruments300+2,200+
Currency Pairs11047
Stocks892041
Cryptocurrencies516
CFDsYY
Proprietary Trading PlatformNN
MT 4YN
MT 5YN
Mobile CompatibleNY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and moreBank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at InstaForex and eToro?

InstaForex provides traders with 300+ instruments. This includes 110 currency pairs, 5 cryptocurrencies, and 89 stocks and shares. With InstaForex, you can also trade CFDs.

In comparison, eToro boasts 2,200+ tradable instruments. eToro offers 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. eToro also allows CFD trading.

As eToro has 2,200+ and InstaForex has 300+, a difference of 298, this shows that eToro offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTINSTAFOREXETORO
Currency Pairs11047
Commodities8719
Precious Metals47
Indices1413
Stocks and Shares892041
Cryptocurrencies516
Options00
ETFs11

Which broker offers the best trading platform, InstaForex or eToro?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

InstaForex provides you with the ability to trade via 3 trading platforms, and eToro has 2 trading platforms. Both brokers also offer research and trading tools, however eToro has more.

Overall, our experts agree that InstaForex boasts the better trading platform offering.

Research Tools

TOOLINSTAFOREXETORO
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsNN
Sentiment ChartsNY
Economic CalendarYY

Which is better for beginners, InstaForex or eToro?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that eToro is the better broker for beginner traders as it offers a larger range of educational tools and materials. eToro also has a minimum deposit of $.

Educational Features

FEATUREINSTAFOREXETORO
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsNY
YouTube VideosYY
Trading AcademyYY
Trading GlossaryYY

Which broker is better overall?

Overall, our tested reviewing methodology proves that InstaForex is the better broker in a range of key areas. You can learn more by reading our InstaForex and eToro reviews.

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