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FxPlayer vs InstaForex

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

FxPlayer vs InstaForex Comparison Table 2024
FxPlayer	InstaForex

1.5	3.7
FxPlayer is ranked #96 among CFD brokers.	InstaForex is ranked #16 among CFD brokers.
Review	Review
Founded in 2014, FxPlayer is a forex and CFD broker registered offshore in the Marshall Islands. This brokerage offers a very small selection of forex, commodities and indices on a range of accounts starting from $50. As an NDD broker, clients are promised tight ECN pricing, tier 1 liquidity and fast execution.	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
Several trading platforms to choose from, including MT4, Currenex and ActTrader The broker provides a strong selection of deposit bonuses for new users Clients can fund accounts using popular payment options, plus Bitcoin A range of account types with micro-lot trading available Competitive ECN spreads from 0.3 pips on major currency pairs Copy trading available in the broker's proprietary terminal Low minimum deposit of just $50	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
Beginners do not have access to helpful training materials or platform tutorials Very poor customer support with no email, telephone or live chat Registered offshore with weak regulation and trust score No shares or cryptos available No mobile app	The broker’s various entities are regulated different, traders must be aware which entity they are joining. Market coverage and account conditions vary between entities. 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, Futures, Commodities	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Bonus
100% - 500% deposit bonus up to $5000+	Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo Account
Yes	Yes
Minimum Deposit
$50	$1
Payment Methods
Credit Cards Debit Card Mastercard PayPal Paysafecard Visa Wire Transfer	Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Regulator
	BVI FSC
Mobile Apps
No	iOS and Android + browser based platform
iOS App Rating
	3.6
Android App Rating
	3.6
Margin Trading
Yes	Yes
MetaTrader 4
Yes	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
Yes	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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
No	No
Copy Trading Platform
	The Copy Trading facility at Instaforex is increasingly popular, due to the clear design and growing list of specialist traders and markets.
Social Trading
No	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD	USD EUR
Commodities
Gold Silver Oil Copper Precious Metals	Oil Gold Silver Palladium Natural Gas Copper Gasoline Cocoa Coffee Cotton Soybeans Livestock Wheat Orange Juice Platinum Sugar
CFD
Access CFDs across indices and commodities with leverage up to 1:200. We liked the good choice of platforms, however, the lack of additional trading features is disappointing.	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
1:200	1:30 for retail clients, 1:500 for professional
FTSE Spread
Variable	Fixed
GBPUSD Spread<
Variable	Av. Floating 0.6 pips
Oil Spread
Variable	Fixed
Stocks Spread
NA	Commissions as low as 0.1%
Forex
FxPlayer offers an average suite of 38 forex pairs with competitive minimum spreads from 0.3 pips, in line with other brokers. The popular MT4 forex trading platform is 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
38	1000+
GBPUSD Spread
0.5	Av. Floating 0.6
EURUSD Spread
0.4	Av. Floating 0.2
EURGBP Spread
0.5	Av. Floating 0.5
Currency Indices
	USD

FxPlayer	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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