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InstaForex vs FP Markets

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

InstaForex vs FP Markets Comparison Table 2024
InstaForex	FP Markets

3.7	4
InstaForex is ranked #16 among CFD brokers.	FP Markets is ranked #65 among CFD brokers.
Review	Review
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.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
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
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	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView Bespoke copy trading platform High leverage up to 1:500
Cons
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	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
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	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Bonus
Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo Account
Yes	Yes
Minimum Deposit
$1	$100
Payment Methods
Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)	0.01 Lots
Regulator
BVI FSC	ASIC, CySEC, ESMA
Mobile Apps
iOS and Android + browser based platform	iOS & Android
iOS App Rating
3.6
Android App Rating
3.6
Margin Trading
Yes	No
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
Yes	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	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
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.	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
Yes	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Commodities
Oil Gold Silver Palladium Natural Gas Copper Gasoline Cocoa Coffee Cotton Soybeans Livestock Wheat Orange Juice Platinum Sugar	Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron
CFD
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.	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
1:30 for retail clients, 1:500 for professional	1:30 (UK), 1:500 (Global)
FTSE Spread
Fixed	1.64
GBPUSD Spread<
Av. Floating 0.6 pips	1.9 average
Oil Spread
Fixed	0.04
Stocks Spread
Commissions as low as 0.1%	Variable
Forex
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.	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
Assets
1000+	60+
GBPUSD Spread
Av. Floating 0.6	1.9
EURUSD Spread
Av. Floating 0.2	1.1
EURGBP Spread
Av. Floating 0.5	1.7
Currency Indices
USD	USD
Cryptocurrency
There's a range of 10+ crypto tokens against USD, with 0.1% fees and 1:5 leverage. You can also trade the Bitcoin token with spreads around 25, which is in line with similar brokers.	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
0.1%	Floating
Coins
BCH BTC ETH LTC XRP and50+more	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

InstaForex	FP Markets
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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InstaForex vs	FP Markets vs