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Do you want to know which is the better broker between instaforex and Darwinex ?
In the table below, you can compare the features of instaforex , Darwinex side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: --
Long: -6.41
Short: 1.57
Long: -21.82
Short: -7.01
Long: -11.34
Short: 3.91
Long: -30.67
Short: 16.64
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 instaforex, darwinex 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:
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.
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.
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.
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.
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
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.
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.
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
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.
Registered Country/Region | United Kingdom |
Regulation | FCA |
Minimum Deposit | $500/R8,000 |
Maximum Leverage | 1:30 |
Minimum Spreads | 0.3 pips oon the EUR/USD pair |
Trading Platform | MT4, MT5, Darwin API |
Demo Account | Yes |
Trading Assets | Forex, Commodities, Shares, Cryptocurrencies, CFDs |
Payment Methods | Credit Cards , Debit Cards, Skrill, Bank Wire Transfer, Trustly |
Customer Support | Phone, Email |
General Information & Regulation
The Darwinex® trademark and the www.darwinex.com domain are owned by Tradeslide Trading Tech Limited, a company authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with FRN 586466, established in March 2012. Darwinex is headquartered in London, UK, and now has more than 40 employees at its headquarters in London and its Madrid office. Darwinex offers hundreds of instruments to traders in the categories including Forex pairs, indices, stocks, and commodities.
Market Instruments
The main assets offered for trading by Darwinex are Forex, indices, CFDs on raw materials, US stocks, futures, and Darwin assets.
Account Types
Darwinex offers a choice of three accounts for equities and futures: the Classic, the Darwin Equity, and the Darwin Futures accounts. The minimum deposit for opening a live account is $500, and the accounts accept Euros, USD, and GBP as base currencies.
Demo Accounts Available
Darwinex makes demo accounts available. The demo account with Darwinex has the same features as the live accounts. This include the prices and spreads, the commissions, and the swaps you are charged. An added features with the demo account offered by Darwinex is that it does not expire after 3-days like most other brokers.
Leverage of Darwinex
Darwinex clients have access to standard leverage levels ( with maximum leverage up to 1:30) in line with the European Securities and Markets Authority (ESMA) regulations regarding leverage levels offered to retail traders based in the EU. However, professional traders can access higher leverage levels, but they lose out on ESMA protections.
Spreads & Commissions
Darwinex's foreign exchange and CFD products have floating spreads, with minimum spreads of 0.3 pips on EURUSD, 0.6 pips on EURGBP, 0.3 pips on EURGBP, 1 pip on AUS200, 0.2 pips on SPX500, 0.21 pips on XAUUSD, and a commission of 0.0025% of the transaction value. The spread for the gold dollar is 0.21 pips, and the trading commission is 0.0025% of the value of the trade, and the spread for the XAGUSD is 0.01 pips, and the trading commission is 0.002% of the value of the trade. The NASDAQ and NYSE contracts are both traded at $0.02.
Trading Platforms
Darwinex provides traders with a variety of trading platforms and technologies that allow traders to access the Forex market as well as CFDs on stocks, commodities, and indices in DMA format. To meet traders' needs for algorithmic trading, Darwinex has also created a variety of supplementary libraries to complement the MetaTrader/FIX application products: Price and Trading Module for Financial Information v4.4 (in Python), Python to Metatrader Bridge (in Python) based on ZeroMQ), MetaTrader Terminal EA based on ZeroMQ (in MQL), wrapper for DARWINs API in Python and R. Zorro platform users can connect and operate in Darwinex via MT4 & MT5 is Bridge de Zorro solution.
Deposit and Withdrawal
Deposit and withdrawal methods accepted by Darwinex Darwin are Bank Wire, VISA, MasterCard, Trustly, Skrill, which have a minimum deposit amount of $500 (less than $500 will be subject to a commission of 5 EUR/GBP/USD), with Skrill having a maximum withdrawal amount of $5,000. The fees for wire transfers depend on the trader's bank of choice, and the minimum fee for withdrawals via credit card and Skrill is $2.
Customer Support
Clients with any inquiries or trading-related issues can get in touch with Darwinex through the following contact channels:
Telephone: +44 20 3769 1554, +34 910 610 060
Email: info@darwinex.com
A Contact Form
Or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Linkedin, Instagram, and Youtube.
Pros & Cons
Pros | Cons |
FCA-regulated | No livr chat available |
Multiple trading platform options | Traders from U.S. are not accepted |
Transparent commissions and fees | Limited trading tools |
Three trading accounts to choose from | High account-opening amount |
Deposit and withdrawal fees applied |
Frequently Asked Questions
Is Darwinex regulated?
Darwinex is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license no. 586466.
What is the minimum deposit for Darwinex?
The minimum depposit for Darwinex is $500/R8,000 ZAR.
Does Darwainex have managed account?
Yes, Darwainex have managed accounts.
Does Darwinex offer a demo account ?
Yes, a demo account is available from this broker.
What is the overall rating for Darwainex ?
The overall rating for Darwainex is 6.86/10 based on its Regulatory Index, Software Index, Business Index, Risk Management Index, License Index.
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 instaforex and darwinex are, we first considered common fees for standard accounts. On instaforex, the average spread for the EUR/USD currency pair is Fixed 2-7 pips, while on darwinex the spread is --.
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.
instaforex is regulated by CYSEC. darwinex is regulated by FCA.
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.
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 --. darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks.