instaforex
Robinhood
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while Robinhood was established in 2013 and is based in USA. instaforex holds licences including BVI FSC, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. instaforex serves 12,000,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at instaforex and $0 at Robinhood.
| Feature | instaforex | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2017 | 2013 |
| Country | Russia | USA |
| Clients | 12,000,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between instaforex and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at instaforex). Neither broker charges withdrawal fees. instaforex applies inactivity fees on dormant accounts; Robinhood does not. Robinhood charges deposit fees; instaforex does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | instaforex | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
instaforex offers MT4, MT5, cTrader, a proprietary platform, while Robinhood supports a proprietary platform. 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 | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and Robinhood 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 | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). instaforex uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | instaforex | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both instaforex and Robinhood offer live chat support. instaforex offers phone support; Robinhood does not. Email support is available at both brokers. instaforex supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. instaforex scores higher overall on customer support in our assessment.
| Feature | instaforex | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |