fx private
Robinhood
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
fx private was founded in 2020 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. fx private serves 12,000,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at fx private and $0 at Robinhood.
| Feature | fx private | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F239 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2020 | 2013 |
| Country | USA | USA |
| Clients | 12,000,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between fx private 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 fx private). fx private charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. Robinhood charges deposit fees; fx private does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | fx private | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fx private offers 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 fx private does not offer. fx private edges ahead on platform breadth and functionality in our scoring.
| Feature | fx private | Robinhood |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 fx private and Robinhood compare. Robinhood runs regular live webinars; fx private does not. Both provide video tutorials. Robinhood publishes daily market commentary; fx private does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | fx private | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx private accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Robinhood supports 1 (bank transfer). fx private uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. fx private scores higher on deposit and withdrawal flexibility.
| Feature | fx private | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | 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 fx private and Robinhood offer live chat support. fx private offers phone support; Robinhood does not. Email support is available at both brokers. fx private supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. fx private scores higher overall on customer support in our assessment.
| Feature | fx private | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |