Plus500
Roboforex
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Overview
Plus500 was founded in 2008 and is headquartered in Israel, while Roboforex was established in 2009 and is based in Belize. Plus500 holds licences including Plus500UK Ltd authorized & regulated by the FCA (#509909), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. Plus500 serves 1,000,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $100 at Plus500 and $1 at Roboforex.
| Feature | Plus500 | Roboforex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | 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 | 2008 | 2009 |
| Country | Israel | Belize |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Plus500 and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Plus500). Roboforex charges withdrawal fees while Plus500 does not, giving Plus500 an edge for frequent withdrawers. Plus500 applies inactivity fees on dormant accounts; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Plus500 | Roboforex |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Plus500 offers MT4, MT5, cTrader, while Roboforex supports MT4, MT5, cTrader, 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. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Plus500 | Roboforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, 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 Plus500 and Roboforex 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. Plus500 scores higher overall in education and research.
| Feature | Plus500 | Roboforex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Plus500 accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while Roboforex supports 3 (bank transfer, credit/debit card, Neteller). Plus500 uniquely supports PayPal and Skrill among the two brokers. Roboforex uniquely supports Neteller among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Plus500 | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Plus500 and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. Plus500 supports 15 languages and Roboforex supports 13, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Plus500 | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |