RoboForex vs FXTM
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| RoboForex | FXTM |
|---|---|
4.5
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4
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 Traders from US not accepted
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Traders from US not accepted
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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. |
FXTM is a forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by leading authorities, including the FCA. Offering 1,000+ markets and three account types, they cater to all levels of trader. |
| 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 | |
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3.5
Based on 2 RoboForex customer reviews
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| Bonus Offer | |
| $30 No Deposit Bonus | 30% up to $100 via Exinity Ltd |
| Promotions | |
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RoboForex Is Topping Up Accounts By Up To 10% Kickstart Your RoboForex Trading Journey With A $30 Welcome Bonus |
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| 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." | "FXTM is ideal for experienced day traders with account options designed for short-term strategies, even winning DayTrading.com's 'Best ECN Account' award, alongside tight spreads that have been reduced and VPS support for algorithmic trading. " |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | CFDs, Forex, Commodities, Indices, Stocks, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $200 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| IFSC | FCA, FSC, CMA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| No | Yes |
| 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. |
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today. |
| Android App Rating | |
4.4 |
4.4 |
| iOS App Rating | |
4.7 |
4.8 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| 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. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | 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 | $10 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| 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. | FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management. |
| Leverage | |
| 1:2000 | 1:3000 |
| FTSE Spread | |
| 0.8 | |
| GBPUSD Spread | |
| 0.4 | 0.1 |
| Oil Spread | |
| 1.7 | 5.0 |
| Stocks Spread | |
| 0.01 | 0.1 |
| 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. | FXTM stands out with a strong selection of over 60 currency pairs, surpassing many competitors like AvaTrade. It also stands out with its six currency indices for traders aiming to diversify their forex portfolios, while the ECN account offers ultra-competitive spreads starting at 0 pips on majors, along with low commissions of just $3.50 per lot. |
| Forex App | |
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today. |
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| GBPUSD Spread | |
| 0.4 | 0.1 |
| EURUSD Spread | |
| 0.1 | 0.0 |
| EURGBP Spread | |
| 0.4 | 0.0 |
| Assets | |
| 30+ | 60+ |
| Currency Indices | |
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| Cryptocurrency | |
| Crypto trading not offered | Trade cryptocurrency CFDs on 11 popular digital tokens, including Bitcoin, Avalanche, and Dogecoin. Enjoy competitive floating spreads and accessible minimum lot sizes starting at just 0.01, perfect for aspiring crypto traders and experienced investors. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 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. | |