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InstaForex vs DMMFX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, InstaForex currently holds a lower overall rating (3) compared to DMMFX (3.5).
InstaForex has a lower minimum deposit, at 1.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading.
Traders should note that
InstaForex offers a minimum lot size of 0.01 and a maximum lot size of 10000.0, while DMMFX offers 0.1 and 20.0.
InstaForex offers a greater leverage limit of 1:1000, whereas DMMFX allows a maximum of only 1:600.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 1.0 | 200.0 |
| Commission | 0.03 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 4 | 5 |
| Minimum lot size | 0.01 | 0.1 |
| Maximum lot size | 10000.0 | 20.0 |
| Spread | Fixed, Variable | Fixed |
| Broker type | Market Maker | STP, Market Maker |
| Maximal leverage (1:?) | 1000 | 600 |
| Availability | Market Maker | STP, Market Maker |
| Regulation | CySEC (Cyprus) | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, WebMoney, cashU, Skrill, BPay | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill, FasaPay |
| Account Currency | USD, EUR, RUB | USD, GBP, EUR, NZD, AUD |
| Languages | English, Spanish, Portuguese, Russian, Chinese, Indonesian, Arabic | English, Japanese, Mandarin, Chinese, Indonesian, Arabic |
| Country | Ukraine | Australia |
| Trading platform(s) timezone | Ukraine | Australia |
| Other trading instruments | Options, Futures, Indices, CFDs | Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
