NAGA.com vs InstaForex Broker Comparison

Are you trying to figure out which is a better broker, NAGA.com 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 NAGA.com 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 NAGA.com.

Rating
90/100
95.5/100
Min. Deposit
250$
100$
Regulated By
CySecCySec
FSCFSC
Bonus
N/A
$20
Min. Spread
1
3
Max. Leverage
1:30
1:1000
Currency Pairs
300
110
Trading Instruments
950+
300+
Trading Platforms
MT4, MT5
MT4, MT5, Private
Deposit Methods
Bank Transfer, Debit cards, Credit Cards, Skrill
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Type of Brokers
Market Maker
ECN
Customer Support
24/7
24/7
Language Support
10
1
Established
2015
2007
Used By
100,000+ Traders

Does NAGA.com 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 NAGA.com and InstaForex are, we first considered the common fees on Standard Accounts. At NAGA.com the average spread for the EUR/USD currency pair is 1 pips, whilst at InstaForex the spread is 3.

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

When it comes to non-trading fees, NAGA.com charges for inactivity, withdrawal. InstaForex charges for inactivity, withdrawal. 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, NAGA.com 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.

NAGA.com is regulated by CySec and does not offer client protection. InstaForex is regulated by FSC and does not offer client protection.

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

Broker summary

How many trading instruments are available at NAGA.com and InstaForex?

NAGA.com provides traders with 950+ instruments. This includes 300 currency pairs, 27 cryptocurrencies, and 400+ stocks and shares. With NAGA.com, you can also 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 InstaForex has 300+ and NAGA.com has 950+, a difference of 650, this shows that InstaForex offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, NAGA.com 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.

NAGA.com provides you with the ability to trade via 3 trading platforms, and InstaForex has 3 trading platforms. 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

Which is better for beginners, NAGA.com 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

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 NAGA.com and InstaForex reviews.

NAGA.com vs InstaForex
NAGA.com
90
Points
InstaForex
95.5
Points
Overall
5 points
NAGA.com
88
Points
InstaForex
90
Points
Commissions & Fees
2 points
NAGA.com
85
Points
InstaForex
94
Points
Licensing & Safety
9 points
NAGA.com
90
Points
InstaForex
99
Points
Trading Platforms & Tools
9 points
NAGA.com
95
Points
InstaForex
97
Points
Payments
2 points
NAGA.com
95
Points
InstaForex
95
Points
Customer Service
NAGA.com
80
Points
InstaForex
98
Points
Educational
18 points
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