Coinbase
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Investing in cryptocurrencies involves risk.

Vs.

RoboForex
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74-89% of retail CFD accounts lose money.

Coinbase Vs. RoboForex - Compare and Choose the Right One

Updated Oct 17 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

74-89% of retail CFD accounts lose money.

Overview

Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies.

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

Best For
  • Inexperienced cryptocurrency investors
  • Long term cryptocurrency holders
  • Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide
  • Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators

None

  • IFSC (International Financial Services Commission of Belize)
The Good
  • Extremely simple and friendly interfaces
  • Moderate variety of cryptocurrencies
  • Independent wallet application
  • Option to choose from standard Coinbase or Coinbase Pro
  • Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
The Bad
  • Extremely high fees for cryptocurrency transactions (especially on standard app)
  • Low variety of cryptocurrencies to trade when compared to leading exchanges
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2012 2009
💳 Minimum Deposit Range
0 $10
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfers
  • Paypal
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
All supported cryptocurrencies. 4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
Yes No
Assets
📚 Assets Type
Equities CFDs
Total Asset Offering
110 13,206
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
0 12,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
0 40
📗 Commodities
0 0
📗 Commodities CFDs
0 100
📕 Indices
0 0
📕 Indices CFDs
0 50
📔 ETFs
0 0
📔 ETFs CFDs
0 1,000
💸 Cryptocurrencies
110 0
💸 Cryptocurrency CFDs
0 16
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable $1,000 (0.01 Lots)
📈 Minimum Crypto Trade Size
$2 $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
Unavailable $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
Unavailable 2000
💪 Professional Leverage
Unavailable Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount).

💰 Commissions

From 0.50% up to 2.0% of transaction value.

Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

Spreads
📈 EUR/USD
Unavailable Dynamic - From 0 to 1.4 Pips
📉 SP500
Unavailable Dynamic - Market Spread
📈 GOLD
Unavailable Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From 0.50% up to 2.0% Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No No
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
No No