MTrading versus InstaForex

Traders at MTrading and InstaForex get PAMM accounts and proprietary copy trading services, but InstaForex offers additional passive investing services. Another benefit is the notably larger trading community of 7M+ at InstaForex versus 250,000+ at MTrading. The similarities extend to education and research, where InstaForex takes the lead amid a more mature product and services portfolio, including its in-house TV stream.

MTrading offers cheaper trading costs, the only drawback at InstaForex. Traders get the MT4 trading platform at MTrading, upgraded via the powerful and rare MT4 Supreme Edition. InstaForex offers traders the coreMT4/MT5, provides custom candlestick-based indicators, and two proprietary solutions. Generous bonuses exist at MTrading and InstaForex alike.

I have conducted an in-depth review of MTrading and InstaForex to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsInstaForex (visit site)MTrading (visit site)
Headquarter:The British Virgin IslandsSt.Vincent and the Grenadines
Established :
20072012
Retail Loss Rate:
71.05%Undisclosed
Regulation:
Minimum Deposit:
$1$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
No$50 monthly after twelve months
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
30+30+
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Quality trading toolsPAMM Accounts
Unique Feature Two:
Competitive researchProprietary copy trading platform
Broker Offers:

Noteworthy:

InstaForex offers better rewards for high-frequency traders, but both brokers maintain very lucrative partnership programs. Unlike most brokers, one lot at InstaForex equals 10,000 currency units or 0.10 standard lot.

Available Markets

Available MarketsInstaForexMTrading
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:10001:1000
Maximum Pro Leverage:
1:10001:1000

MTrading maintains a balanced but small list of trading instruments, sufficient for beginners and those requiring few but liquid assets, like scalpers. InstaForex ranks among the leading Forex and commodity brokers based on its asset selection exceeding 110 currency pairs and 75 commodity contracts. It also maintains an introductory choice of equity CFDs.

Typical Spreads and Fees

Typical Spreads & FeesInstaForexMTrading
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
3.0 pips1.0 pips
Minimum Commission for Forex:
$30 per round lot$8.00 per round lot
Commission for Equities:
0.10%Commission-free
Rebates:
NoNo
Execution Type:
Market MakerMarket Maker

While both brokers offer raw spreads from 0 pips, MTrading charges a commission of $8.00 versus $30.00 at InstaForex, which regrettably remains among the highest Forex trading costs. Equity trading at MTrading remains commission-free, and InstaForex charges 0.10%, the industry standard. Trading costs are where MTrading maintains a notable advantage.

Security and Trust

MTrading

Country of the RegulatorName of the RegulatorLicense Number
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated

InstaForex

Country of the RegulatorName of the RegulatorLicense Number
The British Virgin Islands
Financial Services CommissionSIBA/L/14/1082
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated
Cyprus
Cyprus Securities and Exchange Commission266/15

Both brokers have one unregulated subsidiary in St.Vincent and the Grenadines, where the financial regulator oversees business registrations but does not regulate brokers. Negative balance protection and segregation of client deposits from corporate funds apply at both brokers. MTrading maintains membership with the Hong Kong-based Financial Commission. It audits financial statements and offers a €20,000 investor compensation fund, like CySEC-regulated brokers and superior to many regulators.

MTrading versus InstaForex – Verdict

MTrading

ProsCons
Upgraded MT4 trading platform via Supreme EditionLimited asset selection
PAMM accounts and copy trading platform$500 minimum deposit for the competitively priced account
High leverage and 30+ payment processors
Generous bonus program and affiliate offers

InstaForex

ProsCons
Industry-leading choice of currency pairs and commodity contracts High trading costs
MT4/MT5 trading platforms with custom candlestick-based indicators
PAMM accounts and proprietary copy trading service
Excellent research and education for beginner traders

MTrading and InstaForex present quality trading environments to traders, but InstaForex has the overall advantage. InstaForex features a higher quality product and services portfolio enabling more strategies, except for trading costs and trading platforms, where MTrading pulls ahead for $500+ deposits. The core market for both brokers are emerging and frontier markets, PAMM accounts, and social traders. MTrading and InstaForex support algorithmic traders with VPS hosting and maximum leverage of 1:1000.

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