AxiTrader
instaforex
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while instaforex was established in 2017 and is based in Russia. AxiTrader holds licences including Financial Conduct Authority (FCA), while instaforex is regulated by BVI FSC among others. AxiTrader serves 10,000+ clients worldwide; instaforex has 12,000,000+. The minimum deposit is $0 at AxiTrader and $250 at instaforex.
| Feature | AxiTrader | instaforex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 |
| Founded | 2007 | 2017 |
| Country | Australia | Russia |
| Clients | 10,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and instaforex, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $250 at instaforex). AxiTrader charges withdrawal fees while instaforex does not, a notable advantage for frequent withdrawers. instaforex applies inactivity fees on dormant accounts; AxiTrader does not. AxiTrader charges deposit fees; instaforex does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | instaforex |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
AxiTrader offers MT4, MT5, cTrader, while instaforex supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. instaforex edges ahead on platform breadth and functionality in our scoring.
| Feature | AxiTrader | instaforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AxiTrader and instaforex compare. instaforex runs regular live webinars; AxiTrader does not. instaforex has a video library; AxiTrader does not. instaforex publishes daily market commentary; AxiTrader does not. instaforex integrates third-party research tools (Trading Central, Autochartist); AxiTrader does not. instaforex maintains an archive of past webinars for on-demand viewing. instaforex scores higher overall in education and research.
| Feature | AxiTrader | instaforex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while instaforex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). instaforex uniquely supports PayPal and Skrill among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | instaforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AxiTrader and instaforex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | AxiTrader | instaforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |