Before comparing both brokers, I will show you a brief description of these two brokers. let’s talk about AvaTrade —

AvaTrade

AvaTrade was formed back in 2006 and since then they’ve been considered as one of the most prestigious and accomplished brokerages across the globe. AvaTrade is HUGELY known for its implantation of the latest and cutting-edge technologies into their wireframe so that their users can feel the technological evolvement of the modern trading era.

 

Also Read: Best Forex Brokerage Platforms in 2021

 

Here, you already know about AVATrade. Let’s put some twist in it —

Now we will know some Pros and Cons of AVATrade —

Pros

• Multiple regulation and authorization through reputable entities
• Negative balance protection offered
• Multi-award-winning broker
• Fast trade execution
• Fixed and tight spreads
• Zero-commission trading offered
• Variety of powerful trading platforms
• AutoChartist provided
• Social trading platforms available
• Hedging and scalping supported
• Demo account provided
• Islamic Account option offered
• No additional charges on Islamic Account

Cons

• US Clients not accepted
• Variable spread accounts not offered
• Only one account type for retail traders and one for professional traders

Now, I would like to add some quite important information which I digging recently —

Moving on, not often a regulated broker like Ava provides welcome bonuses but things were a little interesting as they’ve officially confirmed that they are now providing a 200$ or equivalent amount of Forex welcome bonus. Here are the deets…

And the bonus claiming procedure is stated below:

Available to: All the new clients.

Bonus: 200$ welcome bonus.

How to get: First, create an account with AvaTrade broker.

Withdrawal: Only the profits made from the bonus can be withdrawn.

Other conditions: Not stated.

Offer will expire: Ongoing ( accurate time is not mentioned).

So, we have gathered a lot of current information about AvaTrade. Now its time for InstaForex —

InstaForex

InstaForex is one of the most highlighted and globally used brokerage companies of all time and the possible reason for this might be their top-notch services and secure trading environment. Above all, InstaForex is a globally operating broker that is entitled as one of the BEST Forex and CFD trading brands.

Let’s know some Pros and Cons of InstaForex —

Pros

• No requirements for a minimum deposit
• Interest accrued on the account balance
• Low commissions on CFDs on stocks
• Wide selection of currency pairs
• Abundance of bonus programs, contests
• Support of Islamic accounts
• Multi-language support. The majority of pages on the broker’s website are translated into many languages.
• Programs for passive income
• A wide selection of trading platforms
• Strong analytical unit and educational program

Cons

• Regulation in the offshore jurisdiction for the main branch
• In case a trading account is not used for longer than 12 months, the company, at its own discretion, can charge a dormancy fee in the amount of $10 per month, starting from the first month of inactivity, which means the broker can charge $120 at once after inactivity.
• High commissions on Forex market and CFDs on energies and indices
• Not always competent customer support
• Low diversity of available markets, excluding currency pairs

Pretty good, right?

Also, a piece of exciting news is waiting for you. InstaForex is now gladly giving $1500 no deposit bonus for beginners. Here’s the bonus claiming procedure —

Available to: All the new clients are eligible.

Bonus: $1500 no deposit bonus.

How to get: First, create an account with InstaForex broker and they don’t require any verification.

But there are certain limitations while using and withdrawing the amount. Here are they:

Trading Limitations:

1. The bonus is only valid for 7 days.
2. If there is no real fund deposited into the account within 7 days, this account will be converted into a demo account.
3. Once the client has earned a 10% profit from the bonus, he is required to deposit within 7 days to secure the profit.

How to withdraw the profit:

1. An extra deposit equivalent to the profit must be made into the account.
2. The client must trade a lot size of 3 x Profit Amount (eg $150, so the lot size must be 3 x 150 = 450 InstaForex Lot)
3. Once the required InstaForex Lot is achieved, then the profit can be withdrawn. An InstaForex Lot is a 0.1 standard lot.

So, what’s the catch?

I think both are well reputed and reliable forex brokers in the world. But you have a choice it wisely by concerning your positions.

Best of Luck!