fbpx
InstaForex vs AvaTrade - 2024 Comparison | FX Scouts
AuthorAuthor: Björn MichelsUpdated: Oct 12, 2023

Last Updated On Oct 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FX Scouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

Scroll for more detailsPreviousNext
Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.02/ 5 USD 1British Virgin Islands Financial Services CommissionFinancial Services Authority – St. Vincent & the GrenadinesECN/DMACommodities, Cryptocurrencies, Stock CFDs, Forex, Futures, Indices, Metals, WTIs11012
  • Wide range of assets
  • Copy trading accounts
  • Expensive withdrawals
  • Limited education
  • Wide spreads
Read Review 111104/ 5 110002/ 5 111104/ 5 100001/ 5 111003/ 5 1110.503.5/ 5 111003/ 5 71.71%1000:10 pips Cent.Eurica, Cent.Standard, ECN Pro, ECN VIP, ECN/ECN Scalping, Eurica account, Insta.Eurica, Insta.Standard, Islamic, OYS Account, Standard account MT4, MT5Skrill, BitcoinCommission is 0.03% - 0.07%
11110.54.59/ 5 USD 100ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services AuthorityMarket MakerBonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices, Vanilla Options5520
  • Top-tier regulation and security with licenses from ASIC and CBI among others
  • Accessible trading with a low minimum deposit of 100 USD
  • Award-winning mobile trading with the AvaTradeGO app with social trading features
  • Wide range of assets including unique instruments like vanilla options
  • Educational material to support trader development and strategy enhancement
  • Market analysis could be more extensive
  • Poor regulatory oversight outside of the UK and EU
  • Avatrade is a Market Maker and operate a dealing desk which might not align with all trading preferences
Read Review 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 111115/ 5 11110.54.5/ 5 76%400:10.90 pips Islamic, Professional, Retail MT4, MT5, Avatrade Social, AvaOptionsSkrill, WebMoney, Neteller, Bank Transfer, Mastercard, Visa, Maestro, POLi, Klarna, Paypal, OzowFees Included in Spread

How do AvaTrade and InstaForex stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

AvaTrade

InstaForex

At FX Scouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare AvaTrade and InstaForex, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does AvaTrade or InstaForex have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that AvaTrade holds three Tier 1 and two Tier 2 licences, and InstaForex holds no Tier 1 and no Tier 2 licences.

 

Is AvaTrade financially regulated?

Yes AvaTrade was founded in 2006 and is regulated by ASIC, CBI, CySEC, FRSA, FSA-Japan and FSCA.

 

Is InstaForex financially regulated?

Yes InstaForex was founded in 2007 and is regulated by B.V.I FSC and FSA-St-Vincent.

 

Based on these findings, AvaTrade earned a higher trust rating than InstaForex.

Does AvaTrade or InstaForex have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that AvaTrade has overall lower trading costs than InstaForex. 

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
InstaForex
110002/ 5
USD, EUR, RUB
3.00 pips
USD 30
3.00 pips
3.00 pips
3.00 pips
USD 0
AvaTrade
11110.54.5/ 5
USD, GBP, EUR, AUD, ZAR, CHF
0.90 pips
USD 9
0.90 pips
1.60 pips
1.10 pips
USD 0

 

Does AvaTrade or InstaForex offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, AvaTrade offers support for and InstaForex offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both AvaTrade and InstaForex offer copy trading.

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
AvaTrade
11110.54.5/ 5
Avatrade Social
AvaOptions

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that InstaForex offers a greater range and depth of instruments to trade than AvaTrade. InstaForex offers 110 Forex pairs to trade and AvaTrade offers 55 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, AvaTrade offers 20 cryptocurrencies while InstaForex offers 12 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with AvaTrade.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that InstaForex charges a withdrawal fee and AvaTrade does not. Overall, AvaTrade has better deposit and withdrawal processes than InstaForex. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

AvaTrade has better educational support than InstaForex. Both AvaTrade and InstaForex offer educational support for more experienced traders.

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
InstaForex
Medium
AvaTrade
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that AvaTrade offers better research analysis than InstaForex and that both AvaTrade and InstaForex offer frequent webinars.

Scroll for more detailsPreviousNext
Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
InstaForex
AvaTrade

 

Our overall Verdict on AvaTrade

AvaTrade is an internationally regulated beginner-friendly CFD broker offering trading on Forex, cryptocurrencies, commodities, indices, stocks, bonds, vanilla options, and ETFs. AvaTrade has received extensive industry recognition for AvatradeGO, one of the most popular mobile trading applications available globally and, unlike many European brokers, has a local Nigerian customer support team. 

AvaTrade’s single commission-free account has a minimum deposit requirement of 100 USD and has average trading costs for a market maker broker, with spreads starting at 0.90 pips on the EUR/USD. In terms of trading platforms, AvaTrade offers a wider choice than most brokers, with support  MT4, MT5, AvaOptions, and its proprietary web trader platform. The same is true for the trading tools available, with Avatrade offering Trading Central, Duplitrade, and AvaProtect, its own innovative risk management system.  Furthermore, Avatrade does not charge any deposit or withdrawal fees and provides an excellent selection of educational materials to get new traders started.

Our overall Verdict on InstaForex

With a broad range of tradable instruments, excellent platform support, and fixed spread accounts, InstaForex appeals to traders who prefer predictable trading conditions. However, InstaForex's trading costs are significantly higher than average across all four of its trading accounts.

A well-regulated broker, InstaForex offers trading on shares, indices, commodities, metals, energies, cryptocurrencies, futures, and over 100 Forex pairs - a much larger range than is typically available at other brokers.  

InstaForex offers four live instant execution accounts, all with a minimum deposit of 1 USD. Spreads are fixed at 3 pips (EUR/USD) on its commission-free accounts and 0 pips (EUR/USD) on it's commission-based accounts in exchange for a commission of 30 USD (round turn) per lot traded.  These trading costs are significantly higher than other brokers, but don't vary with trade volume or market volatility.  

Both the MT4 and MT5 trading platforms are available, alongside two of InstaForex’s own web-based platforms. It also offers numerous trading tools, including VPS hosting services, various copy trading applications, and a number of technical analysis tools. 

One drawback is that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders.  However, InstaForex's market analysis materials are detailed and frequently updated to help traders make better trading decisions. 

Which broker has the highest overall rating?

AvaTrade has an overall rating of 4.59 and InstaForex has an overall rating of 3.02. For more detail please read our reviews of AvaTrade and InstaForex.

Others Also Visit

Scroll for more detailsPreviousNext
Visit
AvaTrade
4.59 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
Exness
4.32 /5
Read Review
Visit
FXTM
4.37 /5
Read Review
Visit
HFM (HotForex)
4.53 /5
Read Review
Visit

Close
>