InstaForex vs eToro Broker Comparison

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.

Rating
95.5/100
94.7/100
Min. Deposit
100$
1000$
Regulated By
FSCFSC
FCAFCA
CySecCySec
Bonus
$20
No Information
Min. Spread
3
3
Max. Leverage
1:1000
1:400
Currency Pairs
110
47
Trading Instruments
300+
2,200+
Trading Platforms
MT4, MT5, Private
mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Type of Brokers
ECN
STP/NDD
Customer Support
24/7
24/5
Language Support
1
20
Established
2007
2007
Used By
100,000+ Traders
100,000+ 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*

*Based on Standard account type.

Non-Trading Fees

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

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

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

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

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.

InstaForex vs eToro
InstaForex
95.5
Points
eToro
94.7
Points
Overall
1 points
InstaForex
90
Points
eToro
85
Points
Commissions & Fees
5 points
InstaForex
94
Points
eToro
98
Points
Licensing & Safety
4 points
InstaForex
99
Points
eToro
97
Points
Trading Platforms & Tools
2 points
InstaForex
97
Points
eToro
95
Points
Payments
2 points
InstaForex
95
Points
eToro
94
Points
Customer Service
1 points
InstaForex
98
Points
eToro
99
Points
Educational
1 points
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