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Compare Forex Brokers CKfx And InstaForex


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Subjective Ratings

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CKfx

InstaForex

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

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Business Details

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CKfx

InstaForex

 
Registered Business Name: CKFX InstaForex Group
Broker Headquarters: Cyprus Russia
Also has offices in: None none
Regulated By: Unregulated - awaiting FSA approval through Forex Yard RAFMM (Russian Association of Financial Markets Members
In business since year:   2007
Broker Capital as of 01-1970   Unknown
Client Account Segregation: HSBC (London) Yes, for accounts of $100,000+
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0 (Standard) or $10
MasterCard/Maestro $0 $0 (Standard) or $10
Visa $0 $0 (Standard) or $10
Wire Transfer $0 $0 (Standard) or $25
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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CKfx

InstaForex

 
Browser platform: ForexYard Trading Station (Java - MAC compatible) None
Downloadable platform: Forex Yard Trading Station InstaForex Metatrader 4 (MT4)
Mobile platform: ForexYard Trading Station (Java - MAC compatible) None
Phone dealing: Yes No
Order processing: Market Maker ECN
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 200:1* $1,000/unlimited 10,000/5,000,000
SuperMini Account 200:1* $100/$999 ($1,000+ automatic u $1,000/unlimited
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: 30    0   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 3 pips (0.0003) FIXED
Fixed spreads: Yes Yes, fixed under all market conditions.
Guaranteed stop losses? Yes (some restrictions apply) No, all orders are executed at best available price
Trailing Stops: Client-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: No Yes
Automated Trading: No Yes
Trading Hours: Sunday 21:00GMT to Friday 20:00GMT  
Timezone    
Scalping allowed: No No
Account currencies available: USD EUR, RUB, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Hebrew English
Support languages: Arabic, English, Finnish, French, German, Spanish, Swedish English
Demo account: 30 days Unlimited
Live chat support: Yes During market hours
Interest on Margin: No 13% on unused margin
Promotions & tournaments: Open a demo account and keep your profits when you change over to a real account (up to EUR300).  

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