Blitzbrokers
Roboforex
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Roboforex was established in 2009 and is based in Belize. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. Blitzbrokers serves 10,000+ clients worldwide; Roboforex has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Blitzbrokers | Roboforex |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Securities and Futures Commission (SFC) | 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 | 1982 | 2009 |
| Country | Hong Kong | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Roboforex, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Roboforex charges withdrawal fees while Blitzbrokers does not, giving Blitzbrokers an edge for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | Roboforex |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Roboforex supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Roboforex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | 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 Blitzbrokers and Roboforex compare. Roboforex runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. Roboforex publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Blitzbrokers | Roboforex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Roboforex supports 3 (bank transfer, credit/debit card, Neteller). Roboforex uniquely supports Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Blitzbrokers | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | 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 Blitzbrokers and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Blitzbrokers supports 2 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | 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 |