Roboforex
Velocity Trade
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 Velocity Trade was established in 2007 and is based in Australia. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. Roboforex serves 10,000+ clients worldwide; Velocity Trade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Roboforex | Velocity Trade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| 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. | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2009 | 2007 |
| Country | Belize | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Roboforex and Velocity Trade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Roboforex charges withdrawal fees while Velocity Trade does not, a notable advantage for frequent withdrawers. Velocity Trade applies inactivity fees on dormant accounts; Roboforex does not. The two brokers are broadly comparable on fee structure.
| Feature | Roboforex | Velocity Trade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Roboforex offers MT4, MT5, cTrader, a proprietary platform, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. Roboforex supports social and copy trading features, which Velocity Trade does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Roboforex | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Roboforex and Velocity Trade 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. Velocity Trade scores higher overall in education and research.
| Feature | Roboforex | Velocity Trade |
|---|---|---|
| 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 Velocity Trade 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 | Velocity Trade |
|---|---|---|
| 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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex supports 13 languages and Velocity Trade supports 2, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Roboforex | Velocity Trade |
|---|---|---|
| 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 |