instaforex
iq option
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while iq option was established in 2019 and is based in United States. instaforex holds licences including BVI FSC, while iq option is regulated by Financial Conduct Authority (FCA) among others. instaforex serves 12,000,000+ clients worldwide; iq option has 14,000,000+. Both brokers share the same minimum deposit of $250.
| Feature | instaforex | iq option |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262 |
| Founded | 2017 | 2019 |
| Country | Russia | United States |
| Clients | 12,000,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between instaforex and iq option, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. iq option charges withdrawal fees while instaforex does not, giving instaforex an edge for frequent withdrawers. instaforex applies inactivity fees on dormant accounts; iq option does not. iq option charges deposit fees; instaforex does not. The two brokers are broadly comparable on fee structure.
| Feature | instaforex | iq option |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
instaforex offers MT4, MT5, cTrader, a proprietary platform, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. instaforex supports social and copy trading features, which iq option does not offer. instaforex edges ahead on platform breadth and functionality in our scoring.
| Feature | instaforex | iq option |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 instaforex and iq option compare. instaforex runs regular live webinars; iq option does not. instaforex has a video library; iq option does not. instaforex publishes daily market commentary; iq option does not. instaforex integrates third-party research tools (Trading Central, Autochartist); iq option does not. instaforex maintains an archive of past webinars for on-demand viewing. instaforex scores higher overall in education and research.
| Feature | instaforex | iq option |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. instaforex accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | instaforex | iq option |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 instaforex and iq option 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 | instaforex | iq option |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |