Forex.com
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Majority of retail CFD accounts lose money.

Vs.

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

Forex.com Vs. RoboForex - Compare and Choose the Right One

Updated May 13 2022

Visit

Majority of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money.

Overview

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and 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
  • Traders of all levels (beginner to advanced) looking for competitive pricing
  • Trades of all levels looking for a great platform variety
  • High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

2

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
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
  • IFSC (International Financial Services Commission of Belize)
The Good
  • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
  • Excellent asset offering (more than 5,000+ instruments)
  • Competitive spreads in some of their assets
  • 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
  • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
  • Commissions are expensive when compared to similar competitors 
  • 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
N/A N/A
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
2001 2009
💳 Minimum Deposit
$100 $10
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF. 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
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.

CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

📙 Stocks
4,500+ 12,000+
📘 Currency Pairs
93 40+
📗 Commodities
35 100+
📕 Indices
24 50+
📔 ETFs
700+ 1,000+
💸 Cryptocurrencies
5 16
📒 Bonds
14 N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of Forex.com’s assets are CFDs.

All of RoboForex’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum FX Trade Size
$1,000 (0.01 Lots)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum Bonds Trade Size
Varies per Bond (eg: 1 contract of Euro Bobl) N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:2000
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Yes, $15 monthly after 1 year of inactivity.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

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

💰 Commissions

Yes depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn

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

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips

Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

📉 SP500
From 60 Pips Dynamic - Market Spread
📈 GOLD
From 50 Pips Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
From $120 Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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