instaforex
Xtrade
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while Xtrade was established in 2003 and is based in Australia. instaforex holds licences including BVI FSC, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. instaforex serves 12,000,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at instaforex and $1 at Xtrade.
| Feature | instaforex | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2017 | 2003 |
| Country | Russia | Australia |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between instaforex and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at instaforex). Neither broker charges withdrawal fees. instaforex applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; instaforex does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | instaforex | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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 Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. instaforex supports social and copy trading features, which Xtrade does not offer. instaforex edges ahead on platform breadth and functionality in our scoring.
| Feature | instaforex | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and Xtrade compare. instaforex runs regular live webinars; Xtrade does not. instaforex has a video library; Xtrade does not. instaforex publishes daily market commentary; Xtrade does not. instaforex integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. instaforex maintains an archive of past webinars for on-demand viewing. instaforex scores higher overall in education and research.
| Feature | instaforex | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. instaforex uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. instaforex scores higher on deposit and withdrawal flexibility.
| Feature | instaforex | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | Yes | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both instaforex and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex offers multilingual support. Both brokers are comparable on support quality.
| Feature | instaforex | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | Not available |