ForexMart vs InstaForex Broker Comparison

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Are you trying to figure out which is a better broker, ForexMart or InstaForex? 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 ForexMart and InstaForex 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 ForexMart.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
Forexmartinstaforex
OPEN ACCOUNTReviewReview
RATING95/10095.5/100
MIN. DEPOSIT1$100$
REGULATED BYuk europemauritius
BONUS30%$20
MIN. SPREAD3
MAX. LEVERAGE500:11:1000
CURRENCY PAIRS100110
TRADING INSTRUMENTS300+300+
TRADING PLATFORMSMT4, Mobile, WebTraderMT4, MT5, Private
DEPOSIT METHODSBank transfer, Visa, Mastercard, Maestro,Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
TYPE OF BROKERSECN BrokerECN
CUSTOMER SUPPORT25/725/7
LANGUAGE SUPPORT161
ESTABLISHED2007
USED BY100,000+ Traders

Does ForexMart or InstaForex 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 ForexMart and InstaForex are, we first considered the common fees on Standard Accounts. At ForexMart the average spread for the EUR/USD currency pair is pips, whilst at InstaForex the spread is 3.

This shows that ForexMart is the better option for low-cost forex trading.

When it comes to non-trading fees, ForexMart charges for withdrawal. InstaForex charges for inactivity, withdrawal. With this in mind, ForexMart has lower non-trading fees.

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

Trading Fees*

TYPE OF FEEFOREXMARTINSTAFOREX
Minimum Spread EURUSD (pips)3
Commission (%)0
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFOREXMARTINSTAFOREX
Account FeesNN
Inactivity FeesNY
Deposit FeesNN
Withdrawal FeesYY

Which broker is safer, ForexMart or InstaForex?

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.

ForexMart is regulated by FCA, CySec and offers client protection. InstaForex is regulated by FSC and offers client protection.

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

Broker summary

FOREXMARTINSTAFOREX
Minimum Deposit (USD $)1100
LicensesFCA, CySecFSC
Max. Leverage500:11:1000
Client ProtectionYN
Broker TypeECN BrokerECN
Number of Instruments300+300+
Currency Pairs100110
Stocks189
Cryptocurrencies15
CFDsNY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYN
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Maestro,Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
24/5 Customer SupportYY
Live ChatNY

How many trading instruments are available at ForexMart and InstaForex?

ForexMart provides traders with 300+ instruments. This includes 100 currency pairs, 1 cryptocurrencies, and 1 stocks and shares. With ForexMart, you cannot trade CFDs.

In comparison, InstaForex boasts 300+ tradable instruments. InstaForex offers 110 currency pairs, 5 cryptocurrencies, and 89 stocks and shares. InstaForex also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

INSTRUMENTFOREXMARTINSTAFOREX
Currency Pairs100110
Commodities187
Precious Metals04
Indices114
Stocks and Shares189
Cryptocurrencies15
Options10
ETFs01

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

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.

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

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

Research Tools

TOOLFOREXMARTINSTAFOREX
News (from top-tier sources)NY
Trading Signals and IndicatorsNY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNN
Sentiment ChartsNN
Economic CalendarNY

Which is better for beginners, ForexMart or InstaForex?

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 InstaForex is the better broker for beginner traders as it offers a larger range of educational tools and materials. InstaForex also has a minimum deposit of $.

Educational Features

FEATUREFOREXMARTINSTAFOREX
Demo AccountNY
Platform Tutorial VideosNY
Educational PDFsYY
Live WebinarsNN
YouTube VideosNY
Trading AcademyYY
Trading GlossaryNY

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 ForexMart and InstaForex reviews.

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