instaforex
Roboforex
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while Roboforex was established in 2009 and is based in Belize. instaforex holds licences including BVI FSC, while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. instaforex serves 12,000,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $250 at instaforex and $1 at Roboforex.
| Feature | instaforex | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. |
| Founded | 2017 | 2009 |
| Country | Russia | Belize |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between instaforex and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at instaforex). Roboforex charges withdrawal fees while instaforex does not, giving instaforex an edge for frequent withdrawers. instaforex applies inactivity fees on dormant accounts; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | instaforex | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
instaforex offers MT4, MT5, cTrader, a proprietary platform, while Roboforex supports MT4, MT5, cTrader, 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. The two brokers are closely matched on platform offering.
| Feature | instaforex | Roboforex |
|---|---|---|
| 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, 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 Roboforex 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 | Roboforex |
|---|---|---|
| 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 Roboforex supports 3 (bank transfer, credit/debit card, Neteller). instaforex uniquely supports PayPal and Skrill among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | instaforex | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| 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 Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex supports 8 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | instaforex | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |