InstaForex vs. Saxo Bank

Winner of the comparison

In terms of overall rating, both brokers are equal – both have 48%. InstaForex requires a minimum deposit of 200 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, InstaForex is more welcoming to traders with smaller budgets. For InstaForex, the spread is 1.3 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make InstaForex a more advantageous choice. InstaForex offers 82 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. InstaForex was founded in 2007, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. This advantage goes to Saxo Bank, while InstaForex lacks it. InstaForex is overseen by 1 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. InstaForex supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives InstaForex the lead.