Roboforex
Xtrade
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Overview
Roboforex was founded in 2009 and is headquartered in Belize, while Xtrade was established in 2003 and is based in Australia. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Roboforex serves 10,000+ clients worldwide; Xtrade has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Roboforex | Xtrade |
|---|---|---|
| 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. | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2003 |
| Country | Belize | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Roboforex and Xtrade, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Roboforex charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Xtrade charges deposit fees; Roboforex does not. The two brokers are broadly comparable on fee structure.
| Feature | Roboforex | Xtrade |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Roboforex offers MT4, MT5, cTrader, a proprietary platform, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Roboforex supports social and copy trading features, which Xtrade does not offer. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Roboforex | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Roboforex and Xtrade compare. Roboforex runs regular live webinars; Xtrade does not. Roboforex has a video library; Xtrade does not. Roboforex publishes daily market commentary; Xtrade does not. Roboforex integrates third-party research tools (Trading Central); Xtrade does not. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Roboforex | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Roboforex uniquely supports bank transfer and credit/debit card and Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Roboforex | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Roboforex and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex offers multilingual support. Both brokers are comparable on support quality.
| Feature | Roboforex | Xtrade |
|---|---|---|
| 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 | Not available |