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IG , instaforex Broker Comparison

Do you want to know which is the better broker between IG and instaforex ?

In the table below, you can compare the features of IG , instaforex side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
IG
8.49
Domestic Regulation
Under guarantee
Above 20 years
ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA
--
A
B
566.1
109
109
125
1627
1627
1375
C

EURUSD: -22.5

XAUUSD: 2.7

--
--
--
B
16.17 USD/Lot
35.28 USD/Lot
AA

Long: -6.42

Short: 2.14

Long: -18.32

Short: 8.57

AAA
0.2
17.5
Standard account,DMA account
Foreign exchange, precious metals, CFD
no minimum deposit requirement
200:1
EURUSD 0.6 Gold 0.3
0.00
floating
0.1,0.01(MT4)
--
instaforex
6.99
Regulated
Under guarantee
--
--
5-10 years
CYSEC
--
D
C
655.9
78
78
219
1985
1985
1969
A

EURUSD: 0.5

XAUUSD: --

25
--
25
D
3.03 USD/Lot
80 USD/Lot
D

Long: -6.23

Short: 0.8

Long: -21.82

Short: -7.01

AAA
0.4
59.6
Standard Trading Accounts,Eurica Trading Accounts,ECN Trading Account,ECN Pro Trading Account,Scalping trading account
--
no limit
--
Fixed 2-7
50.00
fixed spread
0.01 lots
--

IG BrokersRelevant information

IG BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of ig, instaforex lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

ig
Registered in United Kingdom
Regulatory status FCA, ASIC, FSA, NFA, FMA, MAS and DFSA, AMF
Year(s) of incorporation More than 20 years
Market instruments Forex, Indices, Shares, CommoditiesCryptocurrencies, Bonds, ETFs, OptionsIndustry sectors, Interest rates
Minimum initial deposit $250
Maximum leverage 1:200
Minimum spread 1 pips for EURUSD
Demo accounts Available
Trading platform Intuitive web platform, MetaTrader 4, L2 dealer and mobile apps
Deposit and withdrawal methods Credit/debit cards, bank transfer
Customer Service E-mail/phone number/address/live chat
Fraud allegations Yes

Here is an official video from the company.

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of IG

Pros:

  • Wide variety of markets and instrument options.

  • Intuitive and customizable trading platforms.

  • Access to advanced technical analysis and charting tools.

  • Multilingual, multi-channel customer service.

  • Demo account with virtual financing of $20,000.

  • There is no minimum deposit requirement for real accounts.

  • It offers leverage of up to 1:200.

Cons:

  • Fees and costs may not be clearly specified on the website.

  • Information on account types is limited.

  • There are not many educational resources available on the website.

  • The withdrawal of funds is not clearly specified.

  • The minimum transaction amount may be high for some markets.

  • No welcome bonuses or promotions are offered.

  • Credit card deposit fees can be high compared to other brokers.

What type of broker is IG?

Dimension Advantages Disadvantages
Broker Model IG offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients.

IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.

General Information and Regulatory Status

IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Market Instruments

Advantages Disadvantages
Wide variety of trading instruments Too many instruments can be overwhelming for some
Possibility to diversify the investment portfolio Increased knowledge and skill is required to operate
Opportunities to take advantage of different conditions There may be more risk due to exposure to different markets
Access to a wide range of international markets Increased complexity in position and risk management

IG offers access to more than 17,000 markets, covering Forex, Indices, Shares, Commodities, Cryptocurrencies, Bonds, ETFs, Options, Industry sectors, Interest rates, and more. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.

market instruments

Spreads and Commissions

Advantages Disadvantages
- Spreads are quite competitive. - Spreads can be viewed on the website. - There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume.

In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.

trading costs

Trading Accounts Available at IG

IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.

Advantages Disadvantages
Demo accounts available Lack of detailed information on account types on the website
Single account for all customers It can be difficult for new customers to choose a suitable account without detailed information.
Access to all of IG's financial instruments

IG offers a single live account for its clients and the minimum deposit required is $250. Aside from live accounts, demo accounts are also available.

account types

Operating Platform Offered by IG

Advantages Disadvantages
Easy-to-use intuitive web platform Web platform may be less customizable than other platforms
Offering MetaTrader 4, a popular and well-known platform MetaTrader 5, the latest version of the platform, is not offered.
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders. L2 Dealer can be more complicated for beginner traders
Mobile apps available for iOS and Android Mobile apps may be less customizable than the web platform
Wide selection of platforms to meet the needs of different types of traders No proprietary trading platform exclusive to IG is offered.

IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.

trading platform

Maximum IG Leverage

Advantages Disadvantages
Allows traders to increase their earning potential with limited capital Leverage also increases the risk of significant losses
Possibility of accessing larger markets without having to deposit large amounts of capital Novice traders may have difficulty understanding and managing leverage properly.
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage Leverage can increase psychological pressure on traders, which can affect their decision making.
Facilitates the possibility of profiting from small market movements Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks.

As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.

maximum leverage

Deposit and Withdrawal: Methods and Fees

Advantages Disadvantages
Wide variety of deposit methods No detailed information on withdrawals is provided
Free deposits with Visa and Mastercard debit cards Commissions on credit card deposits
Bank transfers accepted There are no other methods such as skrill, neteller, perfect money, etcetera.

IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.

deposit and withdrawal

IG Educational Reaources

Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.

IG Customer Service

Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.

Conclusion

In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.

Frequently Asked Questions about IG

  • Question: What is the minimum deposit required to open an account with IG?

  • Answer: There is no minimum deposit requirement to open an account with IG.

  • Question: What deposit methods are accepted on IG?

  • Answer: IG accepts deposits through debit cards, credit cards and bank transfers.

  • Question: What is the maximum leverage offered by IG?

  • Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.

  • Question: How can I contact IG customer service?

  • Answer: You can contact IG customer service by phone, email, online chat or social media.

  • Question: What trading platforms does IG offer?

  • Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.

  • Question: What is the average spread for EUR/USD at IG?

  • Answer: The average spread for EUR/USD is one pip.

  • Question: Does IG offer educational resources for traders?

  • Answer: They offer a variety of live webinars and educational content on their YouTube channel.

instaforex
Registered in Cyprus
Regulated by CYSEC
Year(s) of establishment 5-10 years
Trading instruments currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures
Minimum Initial Deposit $1
Maximum Leverage 1:1000
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5
Deposit and withdrawal method Bank wire transfer and many other methods
Customer Service Email/phone number/address/live chat/more
Fraud Complaints Exposure No for now

General information and regulations of InstaForex

InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.

In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on. Reading this article will take you approximately 7 minutes.

At the end of the article, we will also briefly extract the most significant advantages and disadvantages so that you can get an idea of the broker's features at a glance.

General information

Market instruments

As we have said before, InstaForex web pages are very informative. On this trading products page you can see not only the trading products, but also the difference in commissions and spreads between different accounts. We can trade currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures.

market instruments

Spreads and commissions for trading with InstaForex

Let's take currency pairs as an example. Spreads and commissions vary on different accounts. On the MT5 and Standard accounts the spread is about 3 pips and there is no commission, while on the Eurica account the spread is 0 and the commission varies from 3-12 USD.

We can venture to conclude that Eurica is suitable for long-term traders who trade less frequently, while the other two accounts are suitable for short-term traders who trade more frequently.

spreads and commissions

Account Types for InstaForex

Demo account: InstaForex offers a demo account for testing a little on the financial market without the risk of losing money. Opening a demo account, according to the company, is as easy as ABC.

Live account: there are in total 4 types of accounts: insta standard, insta eurica, cent standard and cent eurica. The minimum deposit for opening an account at InstaForex is just 1 USD, and the trading conditions also seem to be quite favorable.

account types

Trading platforms offered by InstaForex

As for trading platforms, clients can choose from the market leaders MetaTrader4 and MetaTrader5, which can be accessed from any device.

However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

trading platform

Leverage offered by InstaForex

InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

Unlike some brokers that lack information, InstaForex is very generous in providing information. If you carefully browse their website, you can find a wealth of information. As for deposits and withdrawals, InstaForex shows all methods, required fees and arrival times clearly on a single page.

deposit and withdrawal

Educational resources

InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.

educational resources

Customer support of InstaForex

Call back, live chat, WhatsApp, email...with numerous channels and 24/7 service, clients could get help whenever they have trading-related problem.

Here are more details about the customer service.

Languages: there are total sixteen languages on InstaForex website, which could meet the needs of most of its customers.

Service hours: 24/7

Phone: you could fill in a form, indicating your country, your preferred language and time, the team will call you whenever you want, and the service is totally free of charge.

Email: support@mail.instaforex.com

Social networks: Facebook, Twitter, YouTube, Telegram, Instagram

WhatsApp

customer support

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time.

Advantages and disadvantages of InstaForex

Advantages:

Well regulated

MT4, MT5

Sufficient information

Educational resources

Many instruments available

Demo account

Disadvantages:

Low leverage

Frequent asked questions about InstaForex

Is this broker well regulated?

Yes, it is currently effectively regulated by CYSEC in Cyprus.

Does this broker offer MT4/MT5?

Yes, InstaForex offers both MT4 and MT5 for you to choose from.

Are the transaction costs and expenses of ig, instaforex lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive ig and instaforex are, we first considered common fees for standard accounts. On ig, the average spread for the EUR/USD currency pair is EURUSD 0.6 Gold 0.3 pips, while on instaforex the spread is Fixed 2-7.

Which broker between ig, instaforex is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

ig is regulated by ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA. instaforex is regulated by CYSEC.

Which broker between ig, instaforex provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

ig provides trading platform including Standard account,DMA account and trading variety including Foreign exchange, precious metals, CFD. instaforex provides trading platform including Standard Trading Accounts,Eurica Trading Accounts,ECN Trading Account,ECN Pro Trading Account,Scalping trading account and trading variety including --.

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