eToro vs InstaForex - Fees Review included
Which broker is better eToro or InstaForex? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 7.18 out of 10. InstaForex is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. Find out more about TU Overall Score.
| Feature | eToro | InstaForex |
|---|---|---|
Overall |
4.8 |
4.5 |
5.0 |
4.5 |
|
4.7 |
3.5 |
|
4.9 |
4.6 |
|
Investment Instruments |
5.0 |
4.8 |
Platforms and Charting Tools |
4.1 |
4.4 |
Deposit and Withdrawal |
4.5 |
5 |
Research |
5 |
4.6 |
Education |
4.3 |
4.8 |
Support |
4.2 |
4.7 |
Bonuses |
1 |
5 |
|
|
|
eToro vs InstaForex: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
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.
| eToro | InstaForex | |
|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | Regulated Forex Broker |
| Highly licensed and regulated broker | 2500+ trading assets | |
| eToro charges a fixed withdrawal fee of $5 USD | Individual online training | |
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | Advances news and analytitc platforms | |
| The funds of eToro clients are held at the licensed US banks | Free VPS service | |
| High exacution speed | ||
| No deposit and withdrawal fees | ||
| Deposits in crypto | ||
| $1000 No deposit bonus (Only for international entety) | ||
| Overall Cons | Customer support can be only contacted by tickets | High spreads and trading fees |
| Low exacution speed |
eToro vs InstaForex: Safety and Regulation
| eToro | InstaForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
Yes |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
eToro vs InstaForex: Trading Conditions
| Trading Conditions | eToro | InstaForex |
|---|---|---|
Minimum Deposit |
$50 |
$1 |
Trading Platforms |
eToro |
MT4, MT5, InstaForex MultiTerminal |
Max Leverage (Futures) |
1:30 |
1:1000, 1:30 (for EU clients) |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
1000+ |
2500+ |
Trading Accounts |
Standard, Demo |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Base Account Currencies |
USD |
EUR, USD |
eToro vs InstaForex: Fees
| eToro | InstaForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,3 |
3 |
Standard acc. spread EUR/USD, max pips |
1,1 |
7 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,2 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
Withdrawal fee, USD |
5 |
20-100 |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs InstaForex: Trading Assets
| Asset Name | eToro | InstaForex |
|---|---|---|
Overall |
1000+ |
2500+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
eToro or InstaForex: Investment Programs
| Asset Name | eToro | InstaForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: InstaForex or eToro
| eToro | InstaForex | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
eToro |
InstaForex |
Others |
No |
No |
|
|
|
eToro vs InstaForex: Deposit and Withdrawal Methods
| eToro | InstaForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
eToro vs InstaForex: Research
| Research Type | eToro | InstaForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
eToro vs InstaForex: Education
| Education Type | eToro | InstaForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
InstaForex vs eToro: Support
| Support Features | eToro | InstaForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Messendgers |
eToro vs InstaForex: Forex Bonuses and Promo
| Promo | eToro | InstaForex |
|---|---|---|
Forex Bonus |
No |
$1000 no deposit bonus |
Affiliate Program |
$100-250 per trader |
Yes |
Other Promos |
No |
|
|
|
|
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 eToro
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
-
Comment
Everyone advised never to trade crypto using eToro so I did it. I was more than convinced to try it after seeing all these reviews. To address the elephant in the room, yes the 1% fee to trade crypto is true and you can really feel it when you are trading in small volume. But if you have the capital to make bigger bets then this is a treat, this percentage is next to nothing after all those profits. I also like the transparency of the fee structure, it's upfront and if you agree to trade on it then you already expect what they are getting from you. From my experience with other brokers advertising their "zero commission" trading offers, that's pure bs. All of them have to profit one way or another and I prefer the one that says it beforehand.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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.