fx private
Roboforex
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Overview
fx private was founded in 2020 and is headquartered in USA, while Roboforex was established in 2009 and is based in Belize. fx private holds licences including Financial Conduct Authority (FCA), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. fx private serves 12,000,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $250 at fx private and $1 at Roboforex.
| Feature | fx private | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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 | 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 | 2020 | 2009 |
| Country | USA | Belize |
| Clients | 12,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx private and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fx private). Both brokers charge withdrawal fees. Overall, Roboforex scores higher on fees in our assessment.
| Feature | fx private | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fx private offers 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 fx private does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | fx private | Roboforex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 fx private and Roboforex compare. Roboforex runs regular live webinars; fx private does not. Both provide video tutorials. Roboforex publishes daily market commentary; fx private does not. Both integrate third-party research tools. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | fx private | Roboforex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
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 Roboforex supports 3 (bank transfer, credit/debit card, Neteller). fx private uniquely supports PayPal and Skrill among the two brokers. fx private scores higher on deposit and withdrawal flexibility.
| Feature | fx private | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | 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 fx private and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. fx private supports 8 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | fx private | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |