XBTFX vs InstaForex - Fees Review included
Which broker is better XBTFX or InstaForex? Our expert assessment conducted according to TU’s own methodology showed that XBTFX is one of the top brokers in the financial market with the TU Overall Score of 7.52 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 | XBTFX | InstaForex |
|---|---|---|
Overall |
3.7 |
4.5 |
1.2 |
4.5 |
|
4.2 |
3.5 |
|
3.9 |
4.6 |
|
Investment Instruments |
4.6 |
4.8 |
Platforms and Charting Tools |
4.7 |
4.4 |
Deposit and Withdrawal |
4.5 |
5 |
Research |
3.8 |
4.6 |
Education |
3.5 |
4.8 |
Support |
4.1 |
4.7 |
Bonuses |
2.4 |
5 |
|
|
|
XBTFX vs InstaForex: Pros and Cons
Established in 2019, XBTFX has been following its core goal to bridge the gap between the cryptocurrency market and brokerage companies. At the same time, the company runs its business based on the principles of high transparency and accessibility. XBTFX is a Cryptocurrency-based Forex and CFD provider that gives customers access to leveraged trading on digital assets and traditional financial markets.
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.
| XBTFX | InstaForex | |
|---|---|---|
| Overall Pros | Crypto dposits | Regulated Forex Broker |
| Big choice of supported crypto assets | 2500+ trading assets | |
| Copy trading and MAM services for investors | 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 | unregulated broker | High spreads and trading fees |
| Low exacution speed |
XBTFX vs InstaForex: Safety and Regulation
| Regulated By: | XBTFX | InstaForex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
Not regulated |
FSC (British Virgin Islands) |
XBTFX vs InstaForex: Trading Conditions
| Trading Conditions | XBTFX | InstaForex |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MT4, MT5, Webtrader, Mobile platforms |
MT4, MT5, InstaForex MultiTerminal |
Max Leverage (Futures) |
1-500 |
1:1000, 1:30 (for EU clients) |
Supported Markets |
FX, Commodities, CFDs, CryptoCurrency, Share CFD, Commodities, Metals |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
150+ |
2500+ |
Trading Accounts |
Standard, ECN |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Base Account Currencies |
BTC, ETH, XRP, USDT, USDC |
EUR, USD |
XBTFX vs InstaForex: Fees
Forex Trading Fees
| Fee | XBTFX | InstaForex |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
3 pips |
Standard Account Fee |
$0 |
0.03-0.07% |
ECN/STP Account Fee |
$3.5 per lot |
Raw spread (Just for EU Clients) |
ECN Account EUR Average Spread |
0.2 pips |
Raw spread (Just for EU Clients) |
CFD Trading Fees
| Fee | XBTFX | InstaForex |
|---|---|---|
CFD Trading Fee |
Crypto CFDs - 0.075% per deal, US Stock CFDs $0.10 per share, EU, ASIA, Russia stock CFDs - 0.45% |
Floating spread |
Non-Trading Fees
| Fee | XBTFX | 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.
XBTFX vs InstaForex: Trading Assets
| Asset Name | XBTFX | InstaForex |
|---|---|---|
Overall |
200+ |
2500+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XBTFX or InstaForex: Investment Programs
| Asset Name | XBTFX | InstaForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: InstaForex or XBTFX
| XBTFX | InstaForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
InstaForex |
Others |
No |
No |
|
|
|
XBTFX vs InstaForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XBTFX | InstaForex |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
XBTFX vs InstaForex: Research
| Research Type | XBTFX | InstaForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
XBTFX vs InstaForex: Education
| Education Type | XBTFX | InstaForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
InstaForex vs XBTFX: Support
| Support Features | XBTFX | InstaForex |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Twitter, Facebook, Reddit |
Messendgers |
XBTFX vs InstaForex: Forex Bonuses and Promo
| Promo | XBTFX | InstaForex |
|---|---|---|
Forex Bonus |
No |
$1000 no deposit bonus |
Affiliate Program |
Earn up to 30% of what your referrals pay in trading fees |
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 XBTFX
-
Comment
I have been working with XBTFX for three months and I am satisfied. Spreads are lower than with other companies. Slippages are fairly low if any. The platform workswithout any problems, I open and close orders instantly. And the support is adequate.
-
Comment
From the very beginning, XBTFX conditions suited me and I was satisfied with a minimum deposit. To achieve results, of course, you need more, but this is a good investment to start with for a novice trader. Then, when you become more experienced, you can increase it and get rich.
-
Comment
Good guys work at xbtfx and I often write to them in the chat. Everything is explained clearly, and I am satisfied with deposit and withdrawal methods. Fees are also good.
-
Comment
I would like to share my experience with XBTFX, which turned out to be a good choice. Among the positive aspects is that this broker allows scalping and also provides high leverage, which can be useful for experienced traders. The account opening process was incredibly fast and took only 3 minutes. I liked that the information on the XBTFX website is accessible, making it easy to interact with. All this made my work in the market easy and comfortable.
-
Comment
I have been trading with XBTFX since 2023, starting with small amounts. Now I am already trading with large amounts and I can wholeheartedly recommend this broker, because execution of orders is excellent and withdrawal of profits is very fast. The broker doesn't interfere with trading.
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.