Scope Markets vs InstaForex

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

Scope Markets vs InstaForex Comparison Table 2024

Scope Markets	InstaForex
4.2	3.7
Scope Markets is ranked #45 among CFD brokers.	InstaForex is ranked #16 among CFD brokers.
Review	Review
Scope Markets offers trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.	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
There's a decent range of research and analysis resources including a market blog, forex calculators and an economic calendar Traders can access both the MT4 and MT5 platforms, with support for Expert Advisors (EAs) and auto trading strategies The Scope Trader proprietary platform offers high quality technical features, including 50+ charting tools The broker offers multilingual, 24/5 customer support via telephone, email and live chat	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
Spreads are wider than some alternatives, starting from 0.9 pips for major pairs - the best brokers offer spreads from 0.0 pips Scope Markets is not overseen by any of the top-tier regulators in the US, Europe or Australia Educational resources are very limited which will reduce the appeal for beginners	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
Forex, CFDs, Stocks, Commodities, Indices, Futures	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Bonus
	Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo Account
Yes	Yes
Minimum Deposit
£50	$1
Payment Methods
Credit Cards Debit Card Mastercard Neteller Skrill 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
CMA, FSC, FSCA	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
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
No	No
ECN Account
No	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
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
Inactivity Fee
$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP	USD EUR
Commodities
Silver Natural Gas Oil Gold Platinum Palladium	Oil Gold Silver Palladium Natural Gas Copper Gasoline Cocoa Coffee Cotton Soybeans Livestock Wheat Orange Juice Platinum Sugar
CFD
You can trade hundreds of CFDs on major asset classes including currencies, shares and futures. Spreads are not overly competitive starting at 0.9 pips, although the $50 minimum deposit and zero commissions will allow active traders to keep their costs down.	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
1:2000	1:30 for retail clients, 1:500 for professional
FTSE Spread
0.4	Fixed
GBPUSD Spread<
1.0	Av. Floating 0.6 pips
Oil Spread
0.2	Fixed
Stocks Spread
Variable	Commissions as low as 0.1%
Forex
Scope Markets offers 40+ major, minor and exotic currency pairs. Although the range is average, experienced traders can access very high leverage up to 1:2000. Additionally, the broker’s proprietary terminal delivers advanced analysis tools, including a live forex heatmap.	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
44	1000+
GBPUSD Spread
1.0	Av. Floating 0.6
EURUSD Spread
1.0	Av. Floating 0.2
EURGBP Spread
1.0	Av. Floating 0.5
Currency Indices
	USD
Cryptocurrency
Traders can go long or short on popular cryptos like Bitcoin, Ethereum and Ripple paired with USD. Trading is available on the MT5 platform, which offers an excellent environment for short-term crypto strategies, with 21 chart timeframes and dozens of indicators.	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.
Spread
Variable	0.1%
Coins
BTC ETH LTC XRP XMR ZEC BCH DASH	BCH BTC ETH LTC XRP and50+more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Scope Markets	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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