Bithoven.com is a multifunctional cryptocurrency trading platform that has managed to prove itself as a reliable and professional crypto trading service provider. In essence, Bithoven.com offers high liquidity in the order book, speed and accuracy of operations on the exchange, as well as margin trading services with using leverage up to 1:20 and Bitcoin as the nominal margin currency.
InstaForex is an online forex broker that offers “instant forex trading” and online trading services to its customers worldwide. According to its website, the relatively new company has been in business since 2007, and it also claims that 300 new traders open accounts with them every day.
|#||Broker's Features||BITHOVEN Availability||INSTAFOREX Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Bithoven vs Instaforex.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Bithoven offers Online Financial Trading and Investment Services Such as CFD for Cryptocurrency, while Instaforex offers Currencies.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Bithoven is Broker, while Instaforex is No dealing desk.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Bithoven recommended minimum capital is N/A, while Instaforex has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Bithoven is regulated by FSA, while Instaforex regulated by BVI. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Bithoven offers BTC different account currencies for each account types, while Instaforex offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Bithoven offers English, Thai, Malaysian, while Instaforex offers Arabic, Azerbaijani, Chinese, Farsi, French, Georg Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Bithoven offers Bitcoin different payment methods for each account types, while Instaforex offers Credit/Debit Cards, Liberty Reserve, Moneybookers, PerfectMoney payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Bithoven makes MT5 available to clients, while Instaforex offers MT4, MT5.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Instaforex is more reliable based on our criteria above. Instaforex offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Instaforex has a wider range of languages in which customer service is offered making the broker more accessible.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.