RoboForex vs Exness

RoboForex vs Exness Comparison Table 2024
RoboForex	Exness
Review 4.5	Review 4.6
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.	Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Customer Reviews
3.5 Based on 2 RoboForex customer reviews	4 Based on 1 Exness customer reviews
Bonus Offer
$30 No Deposit Bonus
Promotions
RoboForex Is Topping Up Accounts By Up To 10% Kickstart Your RoboForex Trading Journey With A $30 Welcome Bonus
Comment by Reviewer
"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."	"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Pros
RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders. The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk. The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace. RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures. The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.	Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side. Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders. Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy. Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests. Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze. Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Cons
Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders. While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets. RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees. RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account. Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.	Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers. MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone. Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders. Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
Awards
Best Multi Asset Trading Platform 2023 - Global Brands Magazine Awards Best Trading Conditions 2023 - International Business Magazine Awards Best Mobile Trading App 2022 - GF Awards B2B Most Trusted Broker 2022 - International Business Magazine Awards Best Investment Products 2021 - Global Brands Magazine Awards Best Global Mobile Trading App 2020 - Global Forex Awards B2B Best Broker of the CIS 2019 - IAFT Awards Best Investment Products 2019 - Global Brands Magazine	Best Multi-Asset Broker - Finance Magnates Africa Summit (FMAS) 2024 Most Trusted Broker in Africa - Finance Magnates Africa Summit (FMAS) 2024 Most Trusted Broker MEA 2024 - iFX EXPO Dubai 2024 Best IB/Affiliate Programme MEA 2024 - iFX EXPO Dubai 2024 Best Trading Conditions 2024 - UF Awards LATAM 2024 Best Multi-Asset Broker - Smart Vision Investment Expo 2023 Most Trusted Broker - Smart Vision Investment Expo 2023
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
R StocksTrader MT4 MT5 TradingView	Exness Trade App Exness Terminal MT4 MT5 TradingCentral
Payment Methods
Volet Alipay AstroPay Cashu ecoPayz Giropay iDeal MoneyGram Neteller Perfect Money POLi Rapid Transfer SafeCharge Skrill Sofort Trustly Vietcombank Transfer Visa WeChat Pay Wire Transfer	Airtel AstroPay Bitcoin Payments Boleto Cashu Credit Card Debit Card FasaPay M-Pesa Mastercard Neteller Perfect Money Skrill Sticpay Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
IFSC	CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
Yes	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android, R StocksTrader	iOS & Android
App Review
RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many day traders.	Exness Trade offers the complete mobile trading experience, delivering the broker’s fast execution speeds, hundreds of tradable CFDs and user-friendly, TradingView-powered charts right from your palm. Downloaded more than 10 million times, it’s an excellent option for active traders looking to manage their accounts and capitalize on market opportunities on the move.
Android App Rating
4.4	4.3
iOS App Rating
4.7	4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
RoboForex’s CopyFX service is designed specifically for currency traders with flexible control over your funds. The ‘Rating’ view provides helpful metrics on master traders, notably profit/loss, maximum drawdown, balance and number of trades spanning time intervals from 1 week to 6 months. That said, the joining process and resources are convoluted, which may confuse newer investors, while the interface trails the smooth user experience provided by category leaders like eToro.	Exness has introduced a unique copy trading feature on its web platform and mobile app. Its user-friendly based on our tests but the performance statistics for strategies could be more detailed to better guide investor decisions.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP CAD AUD NZD INR JPY ZAR MYR IDR DKK CHF HKD SGD AED SAR HUF BRL NGN THB VND UAH KWD QAR KRW MXN KES CNY
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange
Commodities
Cocoa Coffee Copper Corn Gold Natural Gas Nickel Oil Palladium Platinum Silver Soybeans Sugar Wheat	Aluminium Copper Corn Gold Lead Natural Gas Nickel Oil Palladium Platinum Silver Zinc
CFD Trading
RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to very high leverage up to 1:2000, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping.	Exness provides CFDs on forex, stocks, indices, commodities, and cryptos with leverage up to 1:2000, tailored for advanced day traders and featuring over 100 technical indicators in its proprietary terminal.
Leverage
1:2000	1:Unlimited
FTSE Spread
	13.6
GBPUSD Spread
0.4	0.0
Oil Spread
1.7	0.0
Stocks Spread
0.01	0.9 (Apple Inc.)
Forex Trading
RoboForex offers trading on 30+ currency pairs, trailing category leaders like Pepperstone with its 90+ forex assets. That said, the Prime and ECN accounts feature competitive average spreads of 0.1 pips on the EUR/USD. Additionally, with a minimum investment of $100, traders can utilize the CopyFX system to replicate the strategies of seasoned currency traders.	Exness offers an impressive selection of around 100 forex pairs - more than most brokers we've evaluated - along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet.
GBPUSD Spread
0.4	0.0
EURUSD Spread
0.1	0.0
EURGBP Spread
0.4	0.0
Assets
30+	100+
Currency Indices
	USD
Cryptocurrency
Crypto trading not offered	Exness provides a selection of popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, accessible via desktop and mobile apps. Crypto deposits are available in certain regions, and reduced Bitcoin spreads have enhanced its appeal for active traders.
Spread
Variable	Floating
Coins
No	BTC LTC ETH XRP BCH SOL SNX UNI BAT DOT XTZ ADA BNB ENJ FIL DOGE COMP THETA AAVE LINK IOST CAKE MATIC HT MANA HBAR INCH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.