Comparison of InstaForex and XM
| Feature | InstaForex | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2009 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant, Market | Market |
| Regulation | BVIFSC, CySEC, SVGFSA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:1000 |
| Minimum Deposit | $1 | $5 |
| Base Currencies | USD, EUR, RUB | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | $10 per month after 3 months | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | 0-5% | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | InstaForex Review | XM Review |
About InstaForex
InstaForex is a globally recognized forex broker established in 2007, offering a comprehensive range of trading services to both novice and experienced traders. Renowned for its user-friendly trading platforms, including MetaTrader 4 and its proprietary InstaForex platform, the broker provides access to a wide array of financial instruments such as currency pairs, commodities, indices, and cryptocurrencies. InstaForex distinguishes itself with competitive spreads, various account types tailored to different trading needs, and robust customer support available in multiple languages. Additionally, the broker offers educational resources and promotional bonuses, making it an attractive choice for traders seeking both flexibility and support in their trading endeavors.
Pros
- Access to numerous currency pairs, commodities, indices, cryptocurrencies, and more
- Availability of MetaTrader 4, MetaTrader 5, and the proprietary InstaForex platform
- Various account options catering to different trading styles and experience levels
- Comprehensive materials including webinars, tutorials, and articles to aid trader education
- Customer service available in several languages to accommodate a diverse client base
- Regular bonuses and incentives for both new and existing clients
Cons
- Certain withdrawal methods may incur additional fees, affecting overall trading costs
- Charges may apply for dormant accounts, which can be a drawback for less active traders
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
InstaForex & XM Regulation
| Feature | InstaForex | XM |
|---|---|---|
Companies | Instant Trading Ltd, Instant Trading EU Ltd, Insta Service Ltd, Insta Global Ltd | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | BVIFSC, CySEC, SVGFSA | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
InstaForex
Instant Trading Ltd, Instant Trading EU Ltd, Insta Service Ltd, Insta Global Ltd
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
InstaForex
British Virgin Islands, Cyprus, Saint Vincent and the Grenadines
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
InstaForex
BVIFSC, CySEC, SVGFSA
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
InstaForex
Investor Compensation Fund (ICF)
XM
Investor Compensation Fund (ICF)
Investor Protection Size
InstaForex
€20 000
XM
€20 000
Publicly Traded
InstaForex
XM
Segregated Accounts
InstaForex
XM
Guaranteed Stop Loss
InstaForex
XM
Negative Balance Protection
InstaForex
XM
Account Types
| Account | InstaForex | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | Eurica | Standard |
| Min Deposit | $1 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 1.6 |
| Fee | $6 per 1 lot | No |
| Max Leverage | 1:1000 | 1:1000 |
| Stop Out | 10% | 20% |
| Margin Call | 30% | 50% |
Fix Spread Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Fixed | — |
| Execution | Instant | — |
| Min Spread | 3 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 10% | — |
| Margin Call | 30% | — |
Cent Account | ||
| Account Name | Cent | Micro |
| Min Deposit | $1 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Instant | Market |
| Min Spread | 3 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:1000 | 1:1000 |
| Stop Out | 10% | 20% |
| Margin Call | 30% | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
InstaForex
Eurica
XM
Standard
Min Deposit
InstaForex
$1
XM
$5
Lot Size
InstaForex
0.01
XM
0.01
Spread Type
InstaForex
Floating
XM
Floating
Execution
InstaForex
Market
XM
Market
Min Spread
InstaForex
0.1
XM
1.6
Fee
InstaForex
$6 per 1 lot
XM
No
Max Leverage
InstaForex
1:1000
XM
1:1000
Stop Out
InstaForex
10%
XM
20%
Margin Call
InstaForex
30%
XM
50%
Fix Spread Account
Account Name
InstaForex
Standard
XM
—
Min Deposit
InstaForex
$1
XM
—
Lot Size
InstaForex
0.01
XM
—
Spread Type
InstaForex
Fixed
XM
—
Execution
InstaForex
Instant
XM
—
Min Spread
InstaForex
3
XM
—
Fee
InstaForex
No
XM
—
Max Leverage
InstaForex
1:1000
XM
—
Stop Out
InstaForex
10%
XM
—
Margin Call
InstaForex
30%
XM
—
Cent Account
Account Name
InstaForex
Cent
XM
Micro
Min Deposit
InstaForex
$1
XM
$5
Lot Size
InstaForex
0.01
XM
0.01
Spread Type
InstaForex
Floating
XM
Floating
Execution
InstaForex
Instant
XM
Market
Min Spread
InstaForex
3
XM
1.6
Fee
InstaForex
No
XM
No
Max Leverage
InstaForex
1:1000
XM
1:1000
Stop Out
InstaForex
10%
XM
20%
Margin Call
InstaForex
30%
XM
50%
Additional Features
Demo Account
InstaForex
XM
VIP Account
InstaForex
XM
Swap-Free Account
InstaForex
XM
Copy Trading
InstaForex
XM
VPS
InstaForex
XM
PAMM/MAM Accounts
InstaForex
XM
Funding and Fees
| Feature | InstaForex | XM |
|---|---|---|
Base currencies | USD, EUR, RUB | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $10 per month after 3 months | $15 after 12 months |
Interest on margin | ||
Withdrawal fee | 0-5% |
Base currencies
InstaForex
USD, EUR, RUB
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
InstaForex
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, YooMoney, PayCo, AstroPay, Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Dogecoin (DOGE), Binance Coin (BNB), EOS (EOS), XRP (XRP), NEO (NEO)
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
InstaForex
$10 per month after 3 months
XM
$15 after 12 months
Interest on margin
InstaForex
XM
Withdrawal fee
InstaForex
0-5%
XM
Trading Platforms and Conditions
| Feature | InstaForex | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Platforms
InstaForex
MetaTrader 4 (MT4), MetaTrader 5 (MT5), InstaForex
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
InstaForex
-
XM
0 ms
Scalping
InstaForex
XM
Expert Advisors (EAs)
InstaForex
XM
Depth of Market (DOM)
InstaForex
XM
Spread
InstaForex
high
XM
low
Trading Assets
| Asset | InstaForex | XM |
|---|---|---|
Currencies | 108 | 55 |
Indices | 21 | 50 |
Stocks | 1448 | 1307 |
Cryptocurrencies | 72 | 58 |
Bonds | 0 | 0 |
Metals | 8 | 3 |
Energies | 6 | 3 |
Soft Commodities | 13 | 8 |
ETFs | 67 | 0 |
Currencies
InstaForex
108
XM
55
Indices
InstaForex
21
XM
50
Stocks
InstaForex
1448
XM
1307
Cryptocurrencies
InstaForex
72
XM
58
Bonds
InstaForex
0
XM
0
Metals
InstaForex
8
XM
3
Energies
InstaForex
6
XM
3
Soft Commodities
InstaForex
13
XM
8
ETFs
InstaForex
67
XM
0
Education and Analytics
| Feature | InstaForex | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
InstaForex
XM
Indicators
InstaForex
XM
Robots
InstaForex
XM
Signals
InstaForex
XM
Autochartist
InstaForex
XM
Expert Analytics
InstaForex
XM
News Feed
InstaForex
XM
Education Articles
InstaForex
XM
Webinars
InstaForex
XM
Seminars
InstaForex
XM
Bonuses
| Bonus | InstaForex | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | 100%, up to $2,000 | 100%, up to $5000 |
| Details | Learn More | Learn More |
| No Deposit Bonus | ||
| Is available | ||
| Size | $1000 | — |
| Details | Learn More | — |
Welcome Bonus
Is available
InstaForex
XM
Size
InstaForex
100%, up to $2,000
XM
100%, up to $5000
Details
InstaForex
Contests
| Feature | InstaForex | XM |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
| — |
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Demo Contests
Is available
InstaForex
XM
Contests List
InstaForex
- Great RaceStart Balance: $100000 · Prize Pool: $55000 · Period: MonthlyLearn More
- SniperStart Balance: $10000 · Prize Pool: $1500 · Period: WeeklyLearn More
- FX-1 RallyStart Balance: $40,000 · Prize Pool: $1500 · Period: WeeklyLearn More
- Lucky TraderStart Balance: $30,000 · Prize Pool: $3,000 · Period: Every 2 WeeksLearn More
- Real ScalpingStart Balance: $20,000 · Prize Pool: $6,000 · Period: MonthlyLearn More
XM
—
Live Contests
Is available
InstaForex
XM
Contests List
InstaForex
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | InstaForex | XM |
|---|---|---|
Email | support@mail.instaforex.com | support@xm.com |
Phone | +35725654112 | +5012236696 |
Facebook | — | |
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter | ||
TikTok | — | TikTok |
Email
InstaForex
Phone
InstaForex
Facebook
InstaForex
—
XM
LinkedIn
InstaForex
—
XM
Instagram
InstaForex
—
TikTok
InstaForex
—
XM
Which Broker is Better?
After comparing InstaForex and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.