instaforex
Zacks Trade
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Overview
instaforex was founded in 2017 and is headquartered in Russia, while Zacks Trade was established in 2008 and is based in United States. instaforex holds licences including BVI FSC, while Zacks Trade is regulated by Unregulated among others. instaforex serves 12,000,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $250 at instaforex and $2500 at Zacks Trade.
| Feature | instaforex | Zacks Trade |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Regulation | BVI FSC, License Number SIBA/L/14/1082. FSC Saint Vincent, Reg. Number IBC22945. Saint Vincent, IBC24321 | Unregulated |
| Founded | 2017 | 2008 |
| Country | Russia | United States |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between instaforex and Zacks Trade, directly affecting your bottom line as a trader. instaforex has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. instaforex applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; instaforex does not. The two brokers are broadly comparable on fee structure.
| Feature | instaforex | Zacks Trade |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| 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 Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. instaforex supports social and copy trading features, which Zacks Trade does not offer. instaforex edges ahead on platform breadth and functionality in our scoring.
| Feature | instaforex | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how instaforex and Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. instaforex supports 8 languages and Zacks Trade supports 2, giving instaforex broader global reach. Both brokers are comparable on support quality.
| Feature | instaforex | Zacks Trade |
|---|---|---|
| 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 |