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Compare Forex Brokers AskOBid And InstaForex


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Subjective Ratings

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AskOBid

InstaForex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four and Half star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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AskOBid

InstaForex

 
Registered Business Name: O.C.M. Online Capital Markets Ltd. InstaForex Group
Broker Headquarters: Limassol, Cyprus Russia
Also has offices in: none none
Regulated By: CySEC RAFMM (Russian Association of Financial Markets Members
In business since year: 2010 2007
Broker Capital as of 08-2010 Unknown Unknown
Client Account Segregation: Yes - funds held at Marfin Popular Bank, Cyprus Yes, for accounts of $100,000+
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
4B Debit
AMEX
Carta Si
Carte Bleue
Dankort Debit
Delta Debit
Diners Club
EC
eNETS
ePay.bg
EPS
Euro6000 Debit
giropay
iDEAL
JCB
Laser Debit
MasterCard/Maestro
Moneybookers
Netelis Asia
Nordea
POLi
Postepay
Przelewy24
Sofort
Solo Debit
UnionPay
Visa
Visa Electron
Westpac (WBK)
Wire Transfer
MethodDeposit FeeWithdrawal Fee
AlertPay $0 $0
EuroGoldCash $0 (4% bonus given) $0
Global Digital Pay $0 $0
InstaForex Debit $0 1% + $2
Liberty Reserve $0 $0
Moneybookers $0 $0
PayPal $0 $0
Pecunix .15-.5% (max 3GAU) .15-.5% (max 3GAU)
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $25
Main liquidity providers: Unknown Unknown

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Trading Details

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AskOBid

InstaForex

 
Browser platform: AskOBid Trader (Tradorz) None
Downloadable platform: AskOBid Metatrader 4 (MT4) InstaForex Metatrader 4 (MT4)
Mobile platform: AskOBid Trader (Tradorz) None
Phone dealing: Yes No
Order processing: Market Maker ECN
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,001/unlimited 100,000/30,000,000 units
Silver Account 200:1* $100/$1,000 5,000/500,000 units
Gold Account 200:1* $1,001/$10,000 25,000/5,000,000 untis
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Not loaded
Swap-free accounts   No swap-free accounts available   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 48    0   
No Dealing Desk Execution: Depending on risk profile Not available
Typical spread on EUR/USD: 3 pips (0.0003) FIXED (depending on account type) 3 pips (0.0003) FIXED
Fixed spreads: Yes Yes, fixed under all market conditions.
Guaranteed stop losses? Yes, stop loss orders are guaranteed against slippage. No, all orders are executed at best available price
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 21:00 PM GMT to Friday 21:00 PM GMT  
Timezone GMT  
Scalping allowed: Yes on MT4, but not on AskOBid platform (2 min. required between open & close) No
Account currencies available: USD EUR, RUB, USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish English
Support languages: English, French, German, Portuguese, Spanish, Turkish English
Demo account: 21 days Unlimited
Live chat support: Yes - polite but not particularly knowledgeable During market hours
Interest on Margin: No 13% on unused margin
Promotions & tournaments: 10% deposit bonus on Silver Accounts, 15% on Gold, 30% on Platinum!  

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