instaforex
NordFX
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while NordFX was established in 2008 and is based in Mauritius. instaforex holds licences including BVI FSC, while NordFX is regulated by VFSC (15008) among others. instaforex serves 12,000,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at instaforex and $10 at NordFX.
| Feature | instaforex | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | VFSC (15008) |
| Founded | 2017 | 2008 |
| Country | Russia | Mauritius |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between instaforex and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at instaforex). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, NordFX scores higher on fees in our assessment.
| Feature | instaforex | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
instaforex offers MT4, MT5, cTrader, a proprietary platform, while NordFX supports MT4, MT5. 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 | instaforex | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| 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, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and NordFX compare. instaforex runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. instaforex publishes daily market commentary; NordFX does not. instaforex integrates third-party research tools (Trading Central, Autochartist); NordFX does not. instaforex maintains an archive of past webinars for on-demand viewing. instaforex scores higher overall in education and research.
| Feature | instaforex | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| 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 NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). instaforex uniquely supports PayPal among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | instaforex | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex supports 8 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | instaforex | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |