FreshForex
instaforex
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while instaforex was established in 2017 and is based in Russia. FreshForex holds licences including SVGFSA 20623 IBC 2012, while instaforex is regulated by BVI FSC among others. FreshForex serves 710,000+ clients worldwide; instaforex has 12,000,000+. The minimum deposit is $1 at FreshForex and $250 at instaforex.
| Feature | FreshForex | instaforex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | SVGFSA 20623 IBC 2012 | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 |
| Founded | 2004 | 2017 |
| Country | Russia | Russia |
| Clients | 710,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and instaforex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at instaforex). Neither broker charges withdrawal fees. instaforex applies inactivity fees on dormant accounts; FreshForex does not. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | instaforex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, 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 | FreshForex | instaforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and instaforex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. instaforex integrates third-party research tools (Trading Central, Autochartist); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. instaforex scores higher overall in education and research.
| Feature | FreshForex | instaforex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while instaforex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). instaforex uniquely supports PayPal among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | instaforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | 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 FreshForex and instaforex offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and instaforex supports 8, giving instaforex broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | instaforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |