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Compare Forex Brokers FxPro And InstaForex


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Subjective Ratings

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FxPro

InstaForex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Two and Half star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Five 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: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Five star Customer Support Rating Four and Half star Customer Support Rating
Rollover interest rates: Three and Half 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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FxPro

InstaForex

 
Registered Business Name: FxPro InstaForex Group
Broker Headquarters: Limassol, Cyprus Russia
Also has offices in: London, Nice, Vienna, Athens, Moscow none
Regulated By: CySEC and ECB through MiFID RAFMM (Russian Association of Financial Markets Members
In business since year: 2006 2007
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Hellenic Bank, Eurobank, HSBC Yes, for accounts of $100,000+
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Wire Transfer $0 $0
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: FXPro is the counter party to all trades. Unknown

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Trading Details

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FxPro

InstaForex

 
Browser platform: FxPro WebTrader None
Downloadable platform: FxPro Metatrader 4 (MT4) InstaForex Metatrader 4 (MT4)
Mobile platform: FxPro WebTrader None
Phone dealing: Yes No
Order processing: Market Maker ECN
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
FXPro Account 500:1* $500/unlimited 10,000/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: 105    0   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 0.8 pips (0.00008) 3 pips (0.0003) FIXED
Fixed spreads: No, spreads vary according to market liquidity Yes, fixed under all market conditions.
Guaranteed stop losses? All orders are executed at best available price. 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 - no extra margin is used. Yes
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 22.00 GMT closing Friday 22.00 GMT  
Timezone GMT+2  
Scalping allowed: Yes No
Account currencies available: CHF, EUR, GBP, JPY, USD EUR, RUB, USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish English
Support languages: Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish English
Demo account: Unlimited Unlimited
Live chat support: Yes, very knowledgeable. During market hours
Interest on Margin: No 13% on unused margin
Promotions & tournaments: None  

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