Alvexo
Roboforex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Alvexo was founded in 2014 and is headquartered in Cyprus, while Roboforex was established in 2009 and is based in Belize. Alvexo holds licences including Australian Securities and Investment Commission (ASIC), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. Alvexo serves 10,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $500 at Alvexo and $1 at Roboforex.
| Feature | Alvexo | Roboforex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC), licenced in Australia and Hong Kong for stockbroking and corporate finance activities, Financial Services Authority of Seychelles with License Number SD030 | 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 | 2014 | 2009 |
| Country | Cyprus | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alvexo and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Alvexo). Roboforex charges withdrawal fees while Alvexo does not, giving Alvexo an edge for frequent withdrawers. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Alvexo | Roboforex |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alvexo offers MT4, cTrader, a proprietary platform, while Roboforex supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Roboforex supports social and copy trading features, which Alvexo does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alvexo | Roboforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | No | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, cTrader, 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 Alvexo 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. Alvexo scores higher overall in education and research.
| Feature | Alvexo | 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. Alvexo accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while Roboforex supports 3 (bank transfer, credit/debit card, Neteller). Alvexo uniquely supports PayPal and Skrill among the two brokers. Roboforex uniquely supports Neteller among the two brokers. Alvexo scores higher on deposit and withdrawal flexibility.
| Feature | Alvexo | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alvexo and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Alvexo supports 2 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Alvexo | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |