instaforex Alternatives: Pros, Cons, And How It Stacks Up 2024 Update
This alternatives to instaforex guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to instaforex to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to instaforex like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their clients. If you feel that instaforex is not quite right for you then it would be worth getting a demo account with a range of the best instaforex alternatives and check if they are a better fit for you before moving any money around.
The most complete guide to instaforex alternatives on the web
There are many reasons instaforex may not be a good fit for you. Whatever reason you are hunting for the best instaforex alternative or instaforex competitor with similar services, comparebrokers.org will always try to give you as much helpful information so you can find what it is you need. Below you will discover the most popular instaforex alternatives.
For each of the alternative to instaforex, we break down the key differences to instaforex and for each platform feature show you the best alternatives. For each instaforex alternative trading platform listed we also have detailed broker reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with instaforex, we can show you some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Having a reputable and dependable broker is vital to having a successful trading career. All of the instaforex alternative platforms listed in this instaforex alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
instaforex has a minimum desposit of $250, you should check how the minimum deposit requirements of instaforex compare with the minimum deposit requirements of instaforex competitors. Online brokers often offer lower minimum deposits to get users to test them out, but having higher a minimum deposit requirement isn’t necessarily a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
instaforex |
$250 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| IC Markets |
$200 |
Alternatives Offering Virtual Portfolio Accounts
instaforex offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to instaforex that offer demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
instaforex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
instaforex offers negative balance protection. It is specially offered while the market volatility keeps customers from allowing their accounts go into the red. In a situation like this, instaforex provides the ability to reset a customers account balance to zero.
You should go through the critical stipulations on instaforex's website to comprehend their policies better.
Below we detail some of the best alternatives to instaforex that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
instaforex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
instaforex provide a guaranteed Stop Loss order.
When there is no free margin left with the customer, instaforex will cease your positions. If the losses in the ceased out location exceeds your account balance, you might experience a negative account balance.
Below we list some of the top instaforex alternatives that have guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
instaforex |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| FreshForex |
Yes | |
| London Capital Group (LCG) |
Yes |
Alternatives Offering Scalping
No, the stipulations of instaforex do not condone scalping. It's a trading technique which isn't permitted on the agent's platform. You must consult with instaforex's provisions and conditions to read more about its policies.
Below we list some of the best alternatives to instaforex that offer scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
instaforex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
instaforex do permit hedging. Several traders throughout the world select instaforex for their hedging services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Below we show some of the top alternatives to instaforex that offer hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
instaforex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
instaforex's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the best instaforex alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
instaforex |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, instaforex offers copy trading which gives access to leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is calculated social trading..
Below we detail some of the top instaforex alternatives that has copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
instaforex |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare instaforex To All Other Brokers