OANDA
InstaForex
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
Choosing between OANDA and InstaForex depends on your trading style, preferred markets, and budget. OANDA is headquartered in New York, USA, while InstaForex operates from Kaliningrad, Russia. OANDA has the longer track record, established in 1996, compared to InstaForex which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
OANDA
InstaForex
| OANDA | InstaForex | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $0 ✓ | $1 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:50 | 1:1000 ✓ |
| Regulation | FCA, CFTC, ASIC ✓ | CySEC, FSA |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, InstaForex offers lower spreads (0 pips).
See full side-by-side comparison belowOANDA
WinnerInstaForex
OANDA
InstaForex
Lower feesOANDA holds licences from FCA, CFTC, ASIC. InstaForex is regulated by CySEC, FSA.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. InstaForex adds Stocks.
On spreads, InstaForex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. InstaForex offers MT4, MT5, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
OANDA requires no minimum deposit, while InstaForex sets a minimum deposit of $1. This makes OANDA accessible to traders with any budget.
BrokerRank scores OANDA at 4.09/5 and InstaForex at 3.59/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. OANDA leads overall with a clear advantage.
OANDA
4.1/5
Choose OANDA if you want…
InstaForex
3.6/5
Choose InstaForex if you want…
OANDA scores higher overall on our independent rating system. OANDA holds a 4.1/5 rating vs InstaForex's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
OANDA offers spreads from 0.6 pips, while InstaForex starts at 0 pips. Check the fees section above for a full breakdown.
OANDA requires a minimum deposit of $0. InstaForex requires $1.
OANDA is regulated by FCA, CFTC, ASIC, MAS, while InstaForex holds licences from CySEC, FSA.
OANDA supports MT4, Proprietary Web, Proprietary Mobile. InstaForex supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.