BDSwiss vs InstaForex vs JustForex - Fees Review included
| Feature | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Overall |
3.9 |
4.5 |
3.8 |
4.8 |
4.5 |
2.1 |
|
3.7 |
3.5 |
4.1 |
|
3.6 |
4.6 |
3.1 |
|
Investment Instruments |
1 |
4.8 |
4.5 |
Platforms and Charting Tools |
4.5 |
4.4 |
4.5 |
Deposit and Withdrawal |
3.9 |
5 |
4.8 |
Research |
3.7 |
4.6 |
3.8 |
Education |
4.2 |
4.8 |
4.1 |
Support |
4.1 |
4.7 |
4.1 |
Bonuses |
1 |
5 |
4.4 |
|
|
|
BDSwiss vs InstaForex vs JustForex: Pros and Cons
The BDSwiss brokerage company has provided financial services in the Forex market since 2012. The broker is keen to cooperate with traders worldwide. Therefore its activities are regulated by authorities in several countries such as: the Cyprus Securities and Exchange Commission (CySEC); the German Federal Financial Supervisory Authority (BaFin); the UK Financial Conduct Authority (FCA); and the US National Futures Association (NFA).
InstaForex is an international company that has been providing services in the Forex currency market since 2007. Today, more than 7 million traders worldwide use the services of this broker. InstaForex offers its clients access to 300 trading instruments, such as PAMM Investment and ForexCopy system to copy trading of successful traders. The company’s activity is regulated by the British Virgin Islands Financial Services Commission (FSC) in accordance with the Securities and Investment Business Act. InstaForex has a reputation for responsible and professional trading practices. In 2016, the company received the UK Forex Best Social Broker Award, in 2018 was named the Best Forex Platform for Trading Cryptocurrency, and in 2019 Best Asian Broker and the Best Eastern European broker.
JustForex Broker (pronounced "Just Forex") is a brand of IPCTrade, an online Forex trading company that provides access to a variety of classic financial instruments. The broker is regulated by the Belize International Financial Services Commission (IFSC).
| BDSwiss | InstaForex | JustForex | |
|---|---|---|---|
| Overall Pros | A vast array of trading assets. | Regulated Forex Broker | No trading strategy restrictions |
| A wide range of deposit and withdrawal methods. | 2500+ trading assets | ||
| Withdrawal fees are paid by the company. | Individual online training | ||
| The broker periodically conducts online lectures for its clients. | Advances news and analytitc platforms | ||
| Free VPS service | |||
| High exacution speed | |||
| No deposit and withdrawal fees | |||
| Deposits in crypto | |||
| $1000 No deposit bonus (Only for international entety) | |||
| Overall Cons | Lack of investment programs and trading bonuses. | High spreads and trading fees | smoll choice of trading assets |
| The broker charges a fee for inactivity on the account. | Low exacution speed | few opportunities for passive income | |
| Support is unavailable on weekends. | there are withdrawal fees |
BDSwiss vs InstaForex vs JustForex: Safety and Regulation
| Regulated By: | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Max. Regulation Level |
Tier-2 |
Tier-1 |
Tier-1 |
Investor protection |
No |
No |
No |
FCA UK Regulation |
No |
No |
No |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
No |
No |
No |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
Yes |
No |
No |
BVI FSC |
No |
Yes |
Yes |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
No |
No |
BDSwiss vs InstaForex vs JustForex: Trading Conditions
| Trading Conditions | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Minimum Deposit |
$100 |
$1 |
$1 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, BDSwiss Webtrader, and BDSwiss mobile apps for iOS and Android |
MT4, MT5, InstaForex MultiTerminal |
MT4, МТ5, Mobile Platforms, WebTrader |
Max Leverage (Futures) |
1:500 for Forex accounts and 1:5 for investment accounts |
1:1000, 1:30 (for EU clients) |
401769 |
Supported Markets |
Currency pairs, CFDs, indices, stocks, commodities, cryptocurrencies, and ETFs |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Currency Pairs, Precious Metals, Crypto, Indices, Shares, Futures, Energy commodities |
Trading assets |
250+ |
2500+ |
154+ |
Trading Accounts |
Classic, VIP, Raw, InvestPLUS |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Standard Cent, Standard, Pro и Raw Spread, Demo |
Base Account Currencies |
EUR, USD, GBP |
EUR, USD |
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
BDSwiss vs InstaForex vs JustForex: Fees
| Fee | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,8 |
3 |
3 |
Standard acc. spread EUR/USD, max pips |
1,1 |
7 |
7 |
ECN Commission |
3 |
3 |
3 |
ECN Spread EUR/USD |
0,2 |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
0,5-2 |
Withdrawal fee, USD |
No |
20-100 |
20-100 |
Inactivity fee, $ |
30 |
No |
No |
BDSwiss vs InstaForex vs JustForex: Trading Assets
| Asset Name | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Overall |
250+ |
2500+ |
150+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Yes (CFDs) |
Metals |
Yes |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Energy |
No |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
Yes |
ETFs |
Yes |
Yes (CFD) |
Yes |
Bonds |
No |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
Yes |
Binary Options |
No |
No |
No |
BDSwiss or InstaForex or JustForex: Investment Programs
| Asset Name | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Copy Trading |
No |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Yes |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: BDSwiss or InstaForex or JustForex
| BDSwiss | InstaForex | JustForex | |
|---|---|---|---|
MT4 |
Yes |
Yes |
Yes |
MT5 |
Yes |
Yes |
Yes |
cTrader |
No |
No |
No |
Appropriate platform |
No |
InstaForex |
No |
Others |
No |
No |
No |
|
|
|
BDSwiss vs InstaForex vs JustForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
Yes |
Yes |
Yes |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
Yes |
Yes |
Yes |
BDSwiss vs InstaForex vs JustForex: Research
| Research Type | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
News Feed |
No |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
No |
Yes |
No |
E-Mail Reports |
No |
Yes |
No |
BDSwiss vs InstaForex vs JustForex: Education
| Education Type | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
Yes |
Articles |
No |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
No |
Yes |
Yes |
BDSwiss vs InstaForex vs JustForex: Support
| Support Features | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/7 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
Messendgers |
Telegram, Viber, Messedger, Line, Instagram |
BDSwiss vs InstaForex vs JustForex: Forex Bonuses and Promo
| Promo | BDSwiss | InstaForex | JustForex |
|---|---|---|---|
Forex Bonus |
No |
$1000 no deposit bonus |
No deposit bonus $30 |
Affiliate Program |
Each member of the referral program receives an individual link and can receive 150 EUR for each active trader. The maximum amount of total payments is 1500 EUR. |
Yes |
Yes |
|
|
|
Top 5 Reviews on BDSwiss
-
Comment
I like that BD Swiss has the ability to trade from both PCs and mobile devices. This makes trading convenient and flexible, allowing you to follow the markets and make trades anytime and anywhere. However, I'm not thrilled with the fact that the broker charges a fee for no activity on the account. This can be an unpleasant surprise for those who don't trade regularly.
-
Comment
I have been trading with BDSwiss for almost a year now and during this time I have only positive impressions. The fast and convenient trading terminal makes it easy to navigate and make transactions promptly. The platform is intuitive and functional, which makes the trading process comfortable and efficient. The company's employees are always polite and ready to help. Any questions are solved promptly and professionally. It is especially pleasant that withdrawals are fast and without delays, which inspires confidence and allows you not to worry about the safety of your funds. BDSwiss is a really convenient company for trading with no problems. I have not had a single negative situation during a year of working with them. I recommend BDSwiss to everyone who is looking for a reliable broker with excellent conditions and high level of service.
-
Comment
BDSwiss is a normal company, nothing supernatural. Execution is pleasing, money is deposited and withdrawn without problems. I recommend BDSwiss.
-
Comment
I have been trading with BDSwiss for more than 4 years. It is possible to work with BDSwiss, but there are also some disadvantages. Orders sometimes slip when there is a strong movement, but this is not very scary. Jumping spreads during news are much more annoying. Therefore, it becomes difficult to trade on news. It’s good to work with BDSwiss in long and medium positions.
-
Comment
BD Swiss is a reliable company, and I'm not just saying that. The company is reputable and large. I've been working here for 2 years now. I like the choice of trading instruments and fast order execution - everything is there to make money.
Top 5 Reviews on InstaForex
-
Comment
InstaForex offers over 2,500 trading instruments, including InstaSpot and InstaFutures—for those looking for unconventional assets. Over years of working with them, I haven’t encountered any critical outages, but it’s important to note that some products, like OYS accounts, are only available with a minimum investment of $1,000. Support is available within the terminal and responds quickly, though it can be quiet during nighttime hours.
-
Comment
For the first time, I came across a non-standard instrument called InstaFutures with a broker. So far, I’ve tested it on a demo account using MT5. I chose the Insta.Standard account — the spread is floating, around 1.2 pips. The minimum trade size is 0.01 lots. The partnership program is straightforward — commissions are paid out regularly, with transparent terms, especially for CPL and CPA. However, withdrawals via crypto wallets aren’t always fast.
-
Comment
I’ve been using the option to invest through the OYS portfolio under CySEC. The minimum is from $2000, with allocations across crypto, stocks, and indices. So far, everything is transparent, and the fees are clear. Trading is available via WebTrader, MT4, and MT5, which is convenient. No issues with withdrawals or verification. However, the dealing delay in copy trading—up to 15 seconds—is something to keep in mind.
-
Comment
Instaforex offers two main registration options — under FSC or CySEC. This choice affects both leverage (up to 1:1000 vs. 1:30) and spreads. There’s also a wide range of account types, from demo and standard to ECN and VIP. Support responds quickly, especially with straightforward inquiries. However, this broker may not suit those looking for fixed-income investments — there are no passive investment tools available.
-
Comment
I prefer to deal with InstaForex. Their web trader platforms are awesome, and I can trade in browsers with many advanced functions, which has brought me $750 in profit so far. I am satisfied with InstaForexso far. I am happy to make profitable orders, so I will continue trading with InstaForex.
Top 5 Reviews on JustForex
-
Comment
JustMarkets offers more than 260 trading instruments, including pairs, indices, metals, and energy commodities. The minimum deposit varies by region — from $10 for most countries to $100 for the EU. The leverage level ranges from 1:30 to 1:3000, depending on the trader's status and country. For passive income, PAMM and MAM services are available, expanding the options for fund management.
-
Comment
Unfortunately, there are no cryptocurrencies, although they are one of the top assets today. And the number of stocks is quite limited. Although there are US and European stocks, they are rather selective. With this in mind, it might be easier to invest in indices.
-
Comment
This broker is well-suited for beginner traders. At least because there are cent accounts available for practicing on a real market with real spreads and trading psychology. And the entry is only 10 USD. Familiar platforms MT4 and MT5, for which you can download hundreds of free scripts, robots, indicators. For passive investors, there is social trading both from the broker itself and from MetaQuotes. I compared spreads and quotes using a script and Excel with other brokers (exported quotes from MT4) – the average level. The specified 0.8 pips on EUR/USD is during a highly liquid European session, but during the Asian session and before holidays, the spread can widen to 1.5 pips or more.
-
Comment
A comfortable broker with moderate spreads, with whom I have been working for more than 3 months. So far, I am satisfied. It caught my attention for two reasons: the low entry threshold. 100 USD – this is not an amount to be overly concerned about in case of a loss. Secondly, there are a variety of withdrawal options. Since I like to combine trading with traveling, the payment system matters to me. And the broker accommodated me – I can deposit money using one payment method and withdraw through another, but it must be pre-verified. Other brokers required that I withdraw through the same method used for deposits. Here, this issue was resolved.
-
Comment
The review is positive, but there is a nuance. Situation: trades were opened with leverage. The next day, I find the trades closed at a loss with an almost zeroed-out deposit. Support responds: "The market is highly volatile; we have the right to reduce the leverage limit in accordance with regulatory requirements." As a result, my margin level dropped with the same position size, and the trades were closed by stop-out on a small drawdown. During the discussion, we reached an agreement: my deposit would be returned, but to the level before the trades were opened, meaning the disputed trades were annulled. Thanks to the broker. But the question remains: who is my counterparty in the trades if the broker can technically cancel the results of the trades?
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.