Interactive Brokers Vs. RoboForex - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

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

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• Intermediate and Professional traders looking for different account offerings
• Experienced traders looking for trading platform variety

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• IFSC (International Financial Services Commission of Belize)

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• 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

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

• Weak regulatory framework (counting on 1 license from the IFSC)
• Doesn’t accept clients from the UK, EU and a few other countries

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• 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.

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

• Visa
• Mastercard
• JCB
• AstroPay
• Skrill
• Neteller
• Perfect Money
• AdvCash
• NganLuong Wallet
• Bank transfers (SEPA, local and several options per country)

AF, SY, SO, SD, LY, NG, BI.

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

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

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

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract

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