instaforex
Virtual Brokers
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while Virtual Brokers was established in 2008 and is based in Canada. instaforex holds licences including BVI FSC, while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. instaforex serves 12,000,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $250 at instaforex and $1000 at Virtual Brokers.
| Feature | instaforex | Virtual Brokers |
|---|---|---|
| Min. Deposit | $250 | $1000 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2017 | 2008 |
| Country | Russia | Canada |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between instaforex and Virtual Brokers, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $250 at instaforex). Virtual Brokers charges withdrawal fees while instaforex does not, giving instaforex an edge for frequent withdrawers. instaforex applies inactivity fees on dormant accounts; Virtual Brokers does not. Virtual Brokers charges deposit fees; instaforex does not. The two brokers are broadly comparable on fee structure.
| Feature | instaforex | Virtual Brokers |
|---|---|---|
| Min. Deposit | $250 | $1000 |
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers supports 2 (bank transfer, credit/debit card). instaforex uniquely supports PayPal and Skrill and Neteller among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | instaforex | Virtual Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| 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 Virtual Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex supports 8 languages and Virtual Brokers supports 2, giving instaforex broader global reach. Both brokers are comparable on support quality.
| Feature | instaforex | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |