Binary.com vs InstaForex - Fees Review included
Which broker is better Binary.com or InstaForex? Our expert assessment conducted according to TU’s own methodology showed that Binary.com is one of the top brokers in the financial market with the TU Overall Score of 8.39 out of 10. InstaForex is one of the top brokers in the financial market with the TU Overall Score of 8.22 out of 10. Find out more about TU Overall Score.
| Feature | Binary.com | InstaForex |
|---|---|---|
Overall |
2.5 |
4.5 |
1.1 |
4.5 |
|
2.7 |
3.5 |
|
3.0 |
4.6 |
|
Investment Instruments |
1 |
4.8 |
Platforms and Charting Tools |
4.3 |
4.4 |
Deposit and Withdrawal |
4.1 |
5 |
Research |
1 |
4.6 |
Education |
1.3 |
4.8 |
Support |
3.8 |
4.7 |
Bonuses |
2.5 |
5 |
|
|
|
Binary.com vs InstaForex: Pros and Cons
Binary.com is one of the first brokers to offer binary options trading. The company was founded in 1999. Since then, despite the riskiness of options trading, it has not lost its popularity. However, the broker can trade not only binary instruments, but also currency pairs, cryptocurrencies, as well as raw materials, metals, stock, and synthetic indices, and futures. The Binary brokerage company is controlled by the regulators of Malta, Malaysia, Great Britain, and Vanuatu. This ensures the safety of traders' funds and the ability to resolve controversial issues quickly if any arise
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.
| Binary.com | InstaForex | |
|---|---|---|
| Overall Pros | The minimum amount for replenishing and opening a bid is $5 and $1, respectively | Regulated Forex Broker |
| The broker offers binary options and CFD trading services | 2500+ trading assets | |
| Unique tools: SmartCharts - Interactive charting tool, Binary Bot - Auto-trader programming tool | Individual online training | |
| 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 | Some clients have difficulties with the registration process | High spreads and trading fees |
| Sometimes technical support takes a long time to respond | Low exacution speed |
Binary.com vs InstaForex: Safety and Regulation
| Regulated By: | Binary.com | InstaForex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSC (British Virgin Islands) |
Binary.com vs InstaForex: Trading Conditions
| Trading Conditions | Binary.com | InstaForex |
|---|---|---|
Minimum Deposit |
$5 |
$1 |
Trading Platforms |
МТ5, Deriv, SmartTrader, Tick Trade, WebTrader от Binary, Own binary platform |
MT4, MT5, InstaForex MultiTerminal |
Max Leverage (Futures) |
1 |
1:1000, 1:30 (for EU clients) |
Supported Markets |
Forex, Metalls, Energies, Indices, Cryptocurrencies, Syntetic Indices |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
100+ |
2500+ |
Trading Accounts |
Binary, Forex |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Base Account Currencies |
USD, EUR, GBP и AUD, BTC, ETH, LTC, BCH, UST |
EUR, USD |
Binary.com vs InstaForex: Fees
Forex Trading Fees
| Fee | Binary.com | InstaForex |
|---|---|---|
Standard Account EURUSD Average Spread |
From 1.3 Pips |
3 pips |
Standard Account Fee |
$0 |
0.03-0.07% |
ECN/STP Account Fee |
Not supported |
Raw spread (Just for EU Clients) |
ECN Account EUR Average Spread |
Not supported |
Raw spread (Just for EU Clients) |
CFD Trading Fees
| Fee | Binary.com | InstaForex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Binary.com | InstaForex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
$10 per month after 12 monthes without trades |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Binary.com vs InstaForex: Trading Assets
| Asset Name | Binary.com | InstaForex |
|---|---|---|
Overall |
100+ |
2500+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
Yes |
No |
Binary.com or InstaForex: Investment Programs
| Asset Name | Binary.com | InstaForex |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: InstaForex or Binary.com
| Binary.com | InstaForex | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
InstaForex |
Others |
Own binary options trading platform |
No |
|
|
|
Binary.com vs InstaForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Binary.com | InstaForex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Binary.com vs InstaForex: Research
| Research Type | Binary.com | InstaForex |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
Binary.com vs InstaForex: Education
| Education Type | Binary.com | InstaForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
InstaForex vs Binary.com: Support
| Support Features | Binary.com | InstaForex |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Social networks, messengers, feedback form |
Messendgers |
Binary.com vs InstaForex: Forex Bonuses and Promo
| Promo | Binary.com | InstaForex |
|---|---|---|
Forex Bonus |
No |
$1000 no deposit bonus |
Affiliate Program |
Two types of affiliate programs with a yield of up to 30-45% of the referral's income |
Yes |
Other Promos |
||
|
|
|
Top 5 Reviews on InstaForex
-
Comment
Copying trades on InstaForex is another interesting passive income opportunity I have really been active on after learning about it. I am not saying that all the strategies I copied from the expert traders on the platform resulted in profits but a higher percentage was profitable. To be on a safer end when copying trades, it is important that you evaluate the trader's profile and performance in the market before you choose to compare them. I always assess and evaluate the traders trading history. Check how many days the trader has been trading and total profit and equity. Copy multiple traders to spread your risk and make sure the traders you follow employ a variety of trading techniques. If you would rather close your trades within a 12-hour window or the same day, then follow day traders.
-
Comment
It is important that you closely monitor the market before opening a position if you are trading within a one-day time frame. I use the Bolinger bands, stochastic oscillator, and average directional index and they are on my top indicators list when I choose the 1 day time frame. The average directional index helps me determine a trend momentum and strength, the Bollinger bands help to identify price patterns, and the stochastic oscillator compares the closing price of an instrument to the range of its price over a certain time.
-
Comment
You can immediately access the InstaForex web terminal to start trading. You can login as a client or guest. The guest account is mostly a paper account and it is one of my favorites especially when I want to test a trading strategy. The web terminal is sectioned in a very concise manner. You select between the classic to view the instrument listing and their current prices and can immediately navigate to the charts of the pairs you select by clicking on the chart symbol at the right-hand end of the listed assets. The terminal is arranged so users can identify and know where to be depending on what they want to do atthe moment. So if the MetaTrader platforms might look hectic for you as a new trader, the InstaForexForex terminal can provide with a friendly and colourful interface to trade.
-
Comment
I liked the copy trading service from InstaForex. Perhaps traders who don't have much trading experience expect to make a profit of up to 100 percent, but that's not the case! So I'm very happy to have a return of up to 20 percent per month with this service; these are good overall results.
-
Comment
InstaForex can be considered a reliable broker. I have been trading here for over a year and have withdrawn my profits more than once. There are problems, but not such as to accuse this project of fraud. The platform works almost flawlessly, although slippages and gaps sometimes occur. InstaForex withdraws profits without any problems, but you need to take fees into account.
Top 5 Reviews on Binary.com
-
Comment
I love keeping my Forex positions open overnight when trading on Deriv MT5. But I ensure I calculate the margin required for this position before I open. Calculating this margin is easier with the Deriv margin calculator which requires you to enter you account type, what you are trading, volume, asset price, and leverage. The margin is calculated in the Quote currency of the pairs am trading. So you must calculate the trade margin if you love keeping positions open overnight or into margin trading. Effective risk management depends on knowing how much margin you need for each trade, which can be determined by calculating the required margin for your positions. With this information, you can calculate the right size position for your account balance and risk tolerance. By using a margin calculator, traders can make well-informed decisions and effectively manage their risk. Leverage, volume lot, and the balance in your Deriv MT5 account are some of the variables that affect the results.
-
Comment
Deriv has different trading bots likeDeriv Bot and Binary Bot. You can also open a demo account to test these bots. The Deriv bot which i use often is easy to configure since it does not require any technical setup. While many traders would prefer bots because of the ease of trading, i think those to use this bots must be experienced in trading to some extent. This is is because they require optimization and it is you that set the risk management strategy they follow, so if you are a new trader, you may want to stay away from bots until you understand trading to a great extent.
-
Comment
The Deriv trader accommodates a vast library of trading indicators and charts candles.m, take profit and stop loss feaures. If you want to trade better and minimize risk as a new trader, spend time on learning about risk management strategies and how to apply them. Also learning how to use different indicators to analyze trade will help you make good trade decisions. Remember to quickly reach out to the customer care on the live chat and WhatsApp if you encounter any challenges when trading on Deriv Trader.
-
Comment
The Deriv signal on mT5 is one of the top features i use when i am trading on the MetaTrader web server. The derivative allows a trader to copy the trading strategies of an expert trader. You can use this feature from the MetaTrader web terminal, click on help and select MT5 signal. To find a trader to copy, I first consider the trader groth level and reliability. Copying Some of these traders are free while place a monthly subscription fee which you will see at the footer of the profile div. Select the trader that meets your needs and check the broker profit trade percentage, loss trade, trading activity etc. You can read reviews to be sure of the trader. Select copy trader to start copying with the trader and set up the parameters for your risk management and trading. I would suggest that beginner traders get a foundational knowledge of trading and how to analyze trades using some indicators and chart tools before they start copying signals.
-
Comment
I am considering the possibility of working with Binary.com. Despite the different nuances, I see a lot of positive reviews about this company. It inspires trust and I don’t want to risk my money and fall for scammers. Reviews of Binary.com are positive and this is one of the factors that persuades me to open an account with this broker.
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.
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.