iFOREX Europe Vs. RoboForex - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 89.13% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs 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
Beginner traders with little to no experience looking to test a simple platform	Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 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
CySec (Cyprus)	IFSC (International Financial Services Commission of Belize)
The Good
Extremely simple platform designed for beginners with little needs	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
High spreads on all of their instruments Web and mobile platforms are slow and lack tools Their FAQ database doesn’t effectively answer the most common questions any trader could have	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
2018	2009
💳 Minimum Deposit Range
$200	$10
💰 Payment Methods
Bank Transfer Credit Card Debit Card	Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
1 - EUR	4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, JP.	US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
584	13,206
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
400	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
50	40
📗 Commodities
0	0
📗 Commodities CFDs
19	100
📕 Indices
0	0
📕 Indices CFDs
32	50
📔 ETFs
0	0
📔 ETFs CFDs
42	1,000
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
41	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
$2,500 in trade value	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📈 Minimum Crypto Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value	$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
30	2000
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	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
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
No for credit cards but yes for bank wires (up to $20).	Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount).
💰 Commissions
None	Yes depending on account type (eg: for ECN accounts there are commissions up to $20).
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 90 Pips	Dynamic - Market Spread
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips	Dynamic - Market Spread
📉 BTC
Dynamic - From $120	Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No