ForexTB
Robinhood
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Overview
ForexTB was founded in 2015 and is headquartered in Cyprus, while Robinhood was established in 2013 and is based in USA. ForexTB holds licences including Cyprus Securities and Exchange Commission (CySEC), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. ForexTB serves 5,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at ForexTB and $0 at Robinhood.
| Feature | ForexTB | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2015 | 2013 |
| Country | Cyprus | USA |
| Clients | 5,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between ForexTB and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at ForexTB). Neither broker charges withdrawal fees. Robinhood charges deposit fees; ForexTB does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | ForexTB | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ForexTB offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which ForexTB does not offer. ForexTB edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexTB | 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 Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexTB 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. Robinhood scores higher overall in education and research.
| Feature | ForexTB | Robinhood |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexTB accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Robinhood supports 1 (bank transfer). ForexTB uniquely supports credit/debit card among the two brokers. ForexTB scores higher on deposit and withdrawal flexibility.
| Feature | ForexTB | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexTB and Robinhood offer live chat support. ForexTB offers phone support; Robinhood does not. Email support is available at both brokers. ForexTB supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. ForexTB scores higher overall on customer support in our assessment.
| Feature | ForexTB | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |