FXCentrum vs InstaForex

FXCentrum or InstaForex – which is better for UK traders 2024? Compare FXCentrum and InstaForex in this detailed breakdown of their platforms, features and fees.

FXCentrum vs InstaForex Comparison Table 2024

FXCentrum	InstaForex
3.3	3.7
FXCentrum is ranked #91 among CFD brokers.	InstaForex is ranked #16 among CFD brokers.
Review	Review
FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.	InstaForex is a forex and CFD broker founded in 2010. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Pros
Very competitive pricing with no commissions and spreads from 0.2 pips Flexible trading platform options with the popular MetaTrader 5 as well as a bespoke platform Good selection of forex, stocks and commodities to trade with over 3000 instruments Personal 'retention manager' assigned to account holders Great suite of educational content for beginners Low starting deposit of just $10 Copy trading via ZuluTrade	InstaForex delivers a superb trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources The broker is accessible for beginners, with low minimum deposits and zero-commission trading available There’s a decent range of free and fast payment methods including local bank transfers, bank cards and e-wallets InstaForex has a strong industry reputation, with a 14+ year history and serving millions of clients
Cons
Few educational resources or additional tools for advanced traders Bonuses have difficult withdrawal requirements Clients from USA and Poland not accepted Monthly withdrawal charges No MetaTrader 4 platform Monthly inactivity fee Offshore regulation	The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+ The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
Awards
	Best Forex Broker, International Investor Awards 2022 Best Crypto Broker 2022, Forexing.com Best Customer Service Broker 2022, AllForexBonus.com Best Broker 2022 in Latin America, International Business Magazine Best Affiliate Program 2022, GBM Best Forex Broker 2022, International Investor Awards Most Active Broker in Asia 2020, AtoZ Markets Forex Awards Best Affiliate Program 2020, Global Brands Magazine Best Broker in Asia 2019, Le Fonti Awards Best Managed Account 2019, IAFT Awards Best ECN Broker in Asia 2018, International Business Magazine
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, ETFs, Commodities	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Bonus
$160 no deposit bonus	Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Payment Methods
AstroPay Credit Cards Debit Card Mastercard Perfect Money Swift Visa Wire Transfer	Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer
Minimum Trade
0.1 Lots	0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Regulator
SFSA	BVI FSC
Mobile Apps
iOS & Android	iOS and Android + browser based platform
iOS App Rating
	3.6
Android App Rating
	3.6
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	No
Copy Trading Platform
Copy trading is available via the award-winning ZuluTrade platform. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow.	The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
No	Yes
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR
Commodities
Cocoa Coffee Gold Silver Oil Copper Gasoline Platinum Aluminium Nickel	Oil Gold Silver Palladium Natural Gas Copper Gasoline Cocoa Coffee Cotton Soybeans Livestock Wheat Orange Juice Platinum Sugar
CFD
Trade commission-free CFDs on 3000+ instruments from forex, stock and commodities markets with volumes starting from 0.1 lots, a low minimum deposit of $10 and tight floating spreads. The selection of CFDs beats most competitors.	You can trade CFDs across a range of diverse markets with flexible account types and leverage up to 1:1000. With access to both MT4 and MT5, traders can execute multiple short-term CFD trading strategies using the dozens of pre-integrated technical indicators and graphical objects.
Leverage
1:1000	1:30 for retail clients, 1:500 for professional
FTSE Spread
2.0	Fixed
GBPUSD Spread<
0.4	Av. Floating 0.6 pips
Oil Spread
0.05	Fixed
Stocks Spread
Variable	Commissions as low as 0.1%
Forex
Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.	InstaForex's range of 100+ currency pairs is among the largest we have seen. ECN spreads are also available from 0.0 pips with zero commissions. Minimum deposits start from $1 making the broker accessible for beginners. You can also access market-leading forex analysis and insights.
Assets
50+	1000+
GBPUSD Spread
0.4	Av. Floating 0.6
EURUSD Spread
0.2	Av. Floating 0.2
EURGBP Spread
0.5	Av. Floating 0.5
Currency Indices
	USD
FXCentrum	InstaForex
Review	Review
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
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