Forex Financial Services
Roboforex
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Roboforex was established in 2009 and is based in Belize. Forex Financial Services 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. Forex Financial Services serves 10,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $1 at Roboforex.
| Feature | Forex Financial Services | Roboforex |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Regulation | Australian Securities and investment Commission (ASIC) | 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 | 2008 | 2009 |
| Country | Australia | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Forex Financial Services). Roboforex charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Forex Financial Services | Roboforex |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Forex Financial Services offers MT4, 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 | Forex Financial Services | Roboforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | 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 Forex Financial Services and Roboforex compare. Roboforex runs regular live webinars; Forex Financial Services does not. Roboforex has a video library; Forex Financial Services does not. Roboforex publishes daily market commentary; Forex Financial Services does not. Roboforex integrates third-party research tools (Trading Central); Forex Financial Services does not. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Forex Financial Services | Roboforex |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services 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 | Forex Financial Services | 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 Forex Financial Services and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services supports 2 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | 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 |