EagleFX
instaforex
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while instaforex was established in 2017 and is based in Russia. EagleFX holds licences including Unregulated, while instaforex is regulated by BVI FSC among others. EagleFX serves 5,000+ clients worldwide; instaforex has 12,000,000+. The minimum deposit is $10 at EagleFX and $250 at instaforex.
| Feature | EagleFX | instaforex |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Regulation | Unregulated | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 |
| Founded | 2019 | 2017 |
| Country | Dominica | Russia |
| Clients | 5,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and instaforex, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at instaforex). EagleFX charges withdrawal fees while instaforex does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | instaforex |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while instaforex supports MT4, MT5, cTrader, a proprietary platform. 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 | EagleFX | instaforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, 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 EagleFX and instaforex compare. instaforex runs regular live webinars; EagleFX does not. instaforex has a video library; EagleFX does not. instaforex publishes daily market commentary; EagleFX does not. instaforex integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. instaforex maintains an archive of past webinars for on-demand viewing. instaforex scores higher overall in education and research.
| Feature | EagleFX | 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. EagleFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while instaforex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). instaforex uniquely supports PayPal and Skrill and Neteller among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | EagleFX | instaforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both EagleFX and instaforex offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and instaforex supports 8, giving instaforex broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | instaforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |