instaforex
profiforex corp
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while profiforex corp was established in 2018 and is based in Cyprus. instaforex holds licences including BVI FSC, while profiforex corp is regulated by Financial Conduct Authority (FCA) among others. instaforex serves 12,000,000+ clients worldwide; profiforex corp has 30,000+. Both brokers share the same minimum deposit of $250.
| Feature | instaforex | profiforex corp |
|---|---|---|
| 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-F297 |
| Founded | 2017 | 2018 |
| Country | Russia | Cyprus |
| Clients | 12,000,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between instaforex and profiforex corp, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Neither broker charges withdrawal fees. instaforex applies inactivity fees on dormant accounts; profiforex corp does not. Overall, profiforex corp scores higher on fees in our assessment.
| Feature | instaforex | profiforex corp |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
instaforex offers MT4, MT5, cTrader, a proprietary platform, while profiforex corp supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. instaforex supports social and copy trading features, which profiforex corp does not offer. instaforex edges ahead on platform breadth and functionality in our scoring.
| Feature | instaforex | profiforex corp |
|---|---|---|
| MT4 | Yes | No |
| 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 profiforex corp 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. instaforex scores higher overall in education and research.
| Feature | instaforex | profiforex corp |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | instaforex | profiforex corp |
|---|---|---|
| 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 profiforex corp 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 | profiforex corp |
|---|---|---|
| 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 |