Roboforex
Startrader
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Roboforex was founded in 2009 and is headquartered in Belize, while Startrader was established in 2011 and is based in Hong Kong. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while Startrader is regulated by Financial Conduct Authority (FCA) among others. Roboforex serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $1 at Roboforex and $50 at Startrader.
| Feature | Roboforex | Startrader |
|---|---|---|
| Min. Deposit | $1 | $50 |
| 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), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2009 | 2011 |
| Country | Belize | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between Roboforex and Startrader, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Startrader). Both brokers charge withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Roboforex | Startrader |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Roboforex offers MT4, MT5, cTrader, a proprietary platform, while Startrader supports MT4, MT5, cTrader. Roboforex offers a mobile trading app; mobile availability for Startrader is limited. 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 | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Roboforex and Startrader 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. Startrader scores higher overall in education and research.
| Feature | Roboforex | Startrader |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Roboforex | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| 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 Roboforex and Startrader offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex supports 13 languages and Startrader supports 2, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Roboforex | Startrader |
|---|---|---|
| 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, Chinese |