Roboforex
SpreadCo
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Overview
Roboforex was founded in 2009 and is headquartered in Belize, while SpreadCo was established in 2005 and is based in London. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Roboforex serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $1 at Roboforex and $100 at SpreadCo.
| Feature | Roboforex | SpreadCo |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | 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. | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2005 |
| Country | Belize | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Roboforex and SpreadCo, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $100 at SpreadCo). Both brokers charge withdrawal fees. SpreadCo charges deposit fees; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Roboforex | SpreadCo |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Roboforex offers MT4, MT5, cTrader, a proprietary platform, while SpreadCo supports MT4, MT5, cTrader. 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 | Roboforex | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, 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 Roboforex and SpreadCo compare. Roboforex runs regular live webinars; SpreadCo does not. Both provide video tutorials. Roboforex publishes daily market commentary; SpreadCo 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 | Roboforex | SpreadCo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Roboforex accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while SpreadCo supports 2 (bank transfer, credit/debit card). Roboforex uniquely supports Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Roboforex | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | 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 Roboforex and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex supports 13 languages and SpreadCo supports 2, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Roboforex | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, and Chinese |