ForexMart
Robinhood
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Overview
ForexMart was founded in 2015 and is headquartered in Cyprus, while Robinhood was established in 2013 and is based in USA. ForexMart holds licences including Cyprus Securities and Exchange Commission (CySEC), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. ForexMart serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $1 at ForexMart and $0 at Robinhood.
| Feature | ForexMart | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2015 | 2013 |
| Country | Cyprus | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between ForexMart and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $1 at ForexMart). ForexMart charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. ForexMart charges deposit fees; Robinhood does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexMart | Robinhood |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
ForexMart offers MT4, MT5, cTrader, while Robinhood supports 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. ForexMart edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexMart | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, WEB, desktop | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexMart and Robinhood 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 | ForexMart | Robinhood |
|---|---|---|
| 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. ForexMart accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Robinhood supports 1 (bank transfer). ForexMart uniquely supports credit/debit card and Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | ForexMart | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | 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 ForexMart and Robinhood offer live chat support. ForexMart offers phone support; Robinhood does not. Email support is available at both brokers. ForexMart supports 15 languages and Robinhood supports 13, giving ForexMart broader global reach. ForexMart scores higher overall on customer support in our assessment.
| Feature | ForexMart | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |