Fortrade
Roboforex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Fortrade was founded in 1992 and is headquartered in UK, while Roboforex was established in 2009 and is based in Belize. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. Fortrade serves 10,000+ clients worldwide; Roboforex has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Fortrade | Roboforex |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | 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 | 1992 | 2009 |
| Country | UK | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Roboforex, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Roboforex charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Fortrade charges deposit fees; Roboforex does not. The two brokers are broadly comparable on fee structure.
| Feature | Fortrade | Roboforex |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, 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 Fortrade does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Fortrade | 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, Binary, Tablet & 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 Fortrade and Roboforex compare. Roboforex runs regular live webinars; Fortrade does not. Roboforex has a video library; Fortrade does not. Roboforex publishes daily market commentary; Fortrade does not. Roboforex integrates third-party research tools (Trading Central); Fortrade does not. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Fortrade | 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. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Roboforex supports 3 (bank transfer, credit/debit card, Neteller). Fortrade uniquely supports PayPal among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |