InstaForex vs Plus500 Forex Broker Comparison
A head-to-head comparison of InstaForex and Plus500 across regulation, trading costs, platforms, and editorial scoring.
Score 3.6 / 5
2 bonusesFSC BVI-regulated broker with over 17 years of operation, known for cent accounts and accessible entry conditions for beginner traders in Asia and the CIS - regulatory depth is limited under the offshore BVI framework.
VS
LSE-listed with zero commission, intuitive proprietary platform, and negative balance protection - though limited research and no MT4.
Our Verdict
Plus500 winsby 0.4 pts
Plus500 edges ahead with a score of 4/5 vs InstaForex's 3.6/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Plus500 offers tighter spreads from 0.6 pips vs 1 pips for InstaForex, reducing trading costs.
Best for safety & regulation
Recommended
Plus500 has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
Plus500 offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Plus500 edges out InstaForex with a higher editorial score (4/5 vs 3.6/5), indicating a stronger overall experience for new traders.
InstaForex vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.6/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.2 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 3.4 / 5 | 4.0 / 5▲ |
Platforms & Tools 20% weight | 3.3 / 5 | 3.7 / 5▲ |
Customer Support 10% weight | 3.5 / 5 | 3.9 / 5▲ |
| Founded | 2007 | 2008 |
| Headquarters | Road Town, British Virgin Islands | Haifa, Israel |
| Min deposit | $1 | $100 |
| Spreads from | 1 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 1000:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | CySEC FSC BVI | FCA ASIC CySEC CMA MAS |
| Platforms | MetaTrader 4 | Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit InstaForex | Visit Plus500 |
InstaForex vs Plus500 Forex Broker Pros & Cons
Pros
17+ years in operation - extensive track record
Cent accounts for micro-lot trading from $1
Very low minimum deposit
Large partner and IB network across Asia and CIS
No deposit fees
No inactivity fee
Mobile trading app available
24/5 live chat support
Phone support available
Multilingual customer support
Pros
LSE-listed providing strong institutional credibility
Zero commission on all trades
Intuitive proprietary platform with a clean mobile app
Negative balance protection across all accounts
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Cons
FSC BVI only - offshore licence, limited investor protection
Spreads not competitive with ECN brokers
Platform limited to MT4 - no MT5, cTrader, or proprietary option
Service quality reviews are mixed on independent forums
No top-tier regulatory licence
Client funds not segregated
No negative balance protection
No investor compensation scheme
No raw spread account option
No MetaTrader support
Limited charting capabilities
Pricing transparency could be improved
Cons
No MT4 or MT5 support
Limited research tools and market analysis
US residents not accepted
No copy trading
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
No phone support
InstaForex vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
InstaForex
criteria wins
6
Plus500
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | InstaForex | Plus500 |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Fail | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Fail | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
InstaForex vs Plus500: Frequently Asked Questions
Based on our independent editorial scoring, Plus500 ranks higher with a score of 4/5 vs 3.6/5 for InstaForex. The best choice still depends on your individual trading needs; InstaForex and Plus500 may each suit different trader profiles.
Plus500 offers tighter spreads starting from 0.6 pips, compared to InstaForex's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
InstaForex has a lower minimum deposit of $1, while Plus500 requires at least $100. This makes InstaForex more accessible for traders with limited starting capital.
Plus500 holds top-tier regulation (FCA, ASIC, CySEC), providing stronger investor protections. InstaForex may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: InstaForex has a lower minimum deposit ($1), lowering the barrier to entry; Plus500 offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
InstaForex offers maximum leverage of 1000:1, while Plus500 offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
InstaForex supports MetaTrader 4 and Plus500 offers Proprietary Web/Mobile; InstaForex exclusively offers MetaTrader 4; Plus500 exclusively offers Proprietary Web/Mobile.
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Score 3.6 / 5
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