instaforex
PaxForex
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. instaforex holds licences including BVI FSC, while PaxForex is regulated by Financial Services Authority (FSA) among others. instaforex serves 12,000,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $250 at instaforex and $10 at PaxForex.
| Feature | instaforex | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2017 | 2011 |
| Country | Russia | Saint Vincent and the Grenadines |
| Clients | 12,000,000+ | 350+ |
Fees
Fees are a critical factor when choosing between instaforex and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $250 at instaforex). PaxForex charges withdrawal fees while instaforex does not, giving instaforex an edge for frequent withdrawers. instaforex applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; instaforex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | instaforex | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| 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 PaxForex supports MT4, MT5, cTrader. 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 | PaxForex |
|---|---|---|
| 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 | Web, iPad, mac, Desktop, iPhone iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and PaxForex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | instaforex | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 PaxForex 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 | PaxForex |
|---|---|---|
| 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 PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex supports 8 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | instaforex | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |