InstaForex vs TMGM

InstaForex or TMGM – which is better for UK traders 2026? Compare InstaForex and TMGM in this detailed breakdown of their platforms, features and fees.

InstaForex vs TMGM Comparison Table 2026
InstaForex TMGM
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3.2
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3.4
InstaForex is ranked #53 among CFD brokers. TMGM is ranked #42 among CFD brokers.
Review
Review
InstaForex is a CFD broker offering forex, stocks, cryptocurrencies, commodities, energies, indices, and more. The firm features competitive fees and an extensive asset range, ensuring secure and reliable trading. Millions have opened accounts, benefiting from diverse trading and investment opportunities. TMGM, an ASIC-regulated broker, offers a broad selection of tradeable assets, including forex, stocks, indices, cryptocurrencies, and commodities. Traders can choose between account options that feature either no commission or zero spreads, ensuring competitive pricing throughout.
Pros
  • MT4 and MT5 integration
  • Low minimum deposit to get started
  • Extensive access to numerous assets
  • Wide variety of payment options, including bank cards.
  • A trusted brand, attracting over seven million investors for more than 15 years.
  • Vast array of assets, featuring 10,000 international stocks.
  • A well-regulated and trustworthy brand with a strong client base.
  • Robust platform integration with MetaTrader 4, MetaTrader 5, and IRESS.
  • Low trading fees feature spreads starting from 1 pip on the classic account. For the raw spread account, enjoy zero spreads paired with a $7 round-turn commission.
  • A variety of rewards and bonuses available through a points-based loyalty programme.
  • Caters to new and time-constrained traders by offering copy trading support through HUBx.
  • Complimentary VPS for algorithmic trading.
Cons
  • The broker's website and Client Cabinet may be challenging to navigate.
  • Mixed reviews from users on external sites, with some reporting problems withdrawing funds.
  • Shares can be traded exclusively through the IRESS account. They are not accessible via MT4 or MT5 platforms.
  • A £30 monthly fee is charged on accounts inactive for six months or with balances under £500.
Awards
  • Best Forex Broker by International Investor Awards 2022
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes Yes
Minimum Deposit
$1 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
BVI FSC ASIC, FMA, VFSC
Mobile Apps
iOS and Android + browser based platform iOS & Android
iOS App Rating
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3.6
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4.7
Android App Rating
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3.6
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rating full
4.6
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
No Yes
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
No Yes
Auto Trading
Yes Yes
Copy Trading
No Yes
Copy Trading Platform
HUBx offers copy trading, enabling investors to automatically replicate the strategies of successful traders. This is perfect for those seeking effortless entry into prominent financial markets.
Social Trading
No No
Trade Signals
MT4 Expert Advisors (EAs)
VPS Hosting
Yes Yes
Tournaments
No Yes
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
  • GBP
  • CAD
  • AUD
  • NZD
Commodities
  • Oil
  • Gold
  • Silver
  • Palladium
  • Natural Gas
  • Copper
  • Silver
  • Oil
  • Gold
  • Platinum
  • Natural Gas
CFD
Trade CFDs on indices, metals, and IPOs with adaptable accounts and leverage up to 1:1000. Select from two superb platforms offering various technical indicators and tools for fundamental analysis. Engage in trading across a diverse array of asset classes, including forex, energies, precious metals, company shares, indices, and cryptocurrencies. This broker stands out due to its superior execution and the chance to trade using direct market access pricing.
Leverage
1:30 for retail clients, 1:500 for professional 1:500
FTSE Spread
Av. Floating 100 pips 4.0
GBPUSD Spread<
Av. Floating 0.6 1.4
Oil Spread
2 pips 0.0
Stocks Spread
Floating, commissions as low as 0.01% Variable
Forex
Trade major and minor currency pairs with narrow spreads. Access advanced trading software offering instant and pending order options. Trade over 50 forex pairs, encompassing major, minor, and exotic categories. While this selection is satisfactory, traders can opt for the appealing MT4, MT5, or IRESS platforms. With regulatory oversight from ASIC, security is ensured. The VPS is ideal for those employing automated trading strategies.
Assets
1000+ 50+
GBPUSD Spread
Av. Floating 0.6 1.4
EURUSD Spread
Av. Floating 0.2 0.3
EURGBP Spread
Av. Floating 0.5 0.2
Currency Indices
  • USD
Cryptocurrency
InstaForex provides crypto CFD trading on top tokens with minimal fees. Investors can trade over 50 cryptocurrencies, surpassing many rivals. Engage in trading CFDs on 12 leading cryptocurrencies, such as BTC and ETH, paired with USD and leveraged up to 1:20. For a CFD broker, offering a dozen tokens is commendable. However, traders seeking emerging tokens might favour an exchange or specialised crypto broker.
Spread
From 0% Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • and50+more
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • DOT
  • EOS
  • LINK
  • UNI
  • XTZ
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
InstaForex TMGM
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