InstaForex vs XM
Compare InstaForex vs XM Side by Side
Selecting between InstaForex vs XM and would like to see who is better Broker for your trading strategy? We made a detailed comparison between InstaForex Review and XM Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Headquarter||Cyprus||Cyprus, Australia, Belize|
|Licenses||Cyprus, Belize, Saint Vincent and the Grenadines||Cyprus, Australia, UK, Belize, UAE|
|Minimum Deposit||0 US$||5 US$|
|Trading Platforms||MT4, MT5, WebTrader, MobileTrader||MT4, MT5, XM WebTrader|
|Eurusd avg Spread||2 pips||1.6 pips|
|Licenses Countries Info (short)|
InstaForex vs XM Brokers are both based and regulated in Cyprus and additionally holding offshore licenses. Also, XM holds Australian license which helps them to strengthen international offer and proves brokers’ reliability.
Both InstaForex vs XM Brokers are STP/NDD/ECN Brokers making them equal. STP/NDD Brokers are better for price transparency, while ECN ones are offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.
InstaForex vs XM provide relatively similar trading conditions being suitable for beginners and giving them opportunities to use different trading strategies such as hedging and scalping. XM offers a wider range of trading conditions.
Fees & Commissions
|Inactivity Feemonth||0 $||0 $|
|Deposit fee||0 $||0 $|
|Withdrawal fee||0 $||0 $|
|Rollover fee eurusd buy 1 lot||–1.15||-0.083|
|Rollover fee eurusd sell 1 lot||0.3||-0.543|
|Avg Eurusd standard acc||2 pips||1.6 pips|
|Brent oil||5 pips||5 pips|
Trading costs for InstaForex vs XM are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, both brokers offer spreads higher than the average in the industry among Forex ECN ones.
Both InstaForex and XM work through Standard Accounts. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. This option is available for both InstaForex and XM traders. Same with the Micro (for XM) and Cent (for InstaForex) Accounts that are generally more suitable for the beginners due to their much lower requirements and risks involved.
Markets & Instruments
Trading instruments offered by both InstaForex vs XM are quite limited, which make them similar. The number of the assets offered is also small for both brokers. The only advantage is probably that InstaForex also have Cryptocurrencies in its portfolio.
Both Brokers offering good choice of platform including proprietary Trading Platform and popular MT4, MT5.
Deposit & Withdrawal Methods
InstaForex vs XM deposit methods are similar, range of supported methods are alike. The only difference is that XM supports more payment options, more e-wallets.
Both InstaForex vs XM brokers placed their orientation on good support and guidance , you will find their Customer Support available 24-hours and accessible either through live chat, international phone lines, email. As to the education materials, one of the cores in InstaForex businesses is to support traders with education and analytics designed by professionals, also, with XM you may count on a quality learning defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars.
Conclusion on InstaForex vs XM
Concluding InstaForex vs XM comparison we found both brokers deliver reliable trading solutions. The offers of these brokers are quite similar, providing similar trading conditions and fees, a very similar set of the account types and payment methods. However, XM is better regulated, offers lower spreads and has better trading conditions. Here is our final recommendation:
- InstaForex – 🥇Best ECN Account Broker characterized by Market execution and floating spreads.
- XM– 🥇Best Best Micro Account Broker for Beginners for bringing opportunity to trade with lower margin and investment.