RoboForex Vs. DEGIRO - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

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

• Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
• Active traders that look to access the large variety of exchanges offered

• IFSC (International Financial Services Commission of Belize)

• BaFin (Germany)
• AFM (Netherlands)

• 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

• No conflicts of interest between DEGIRO and its customers
• Virtually unlimited asset offering from 50 exchanges across the globe
• Low fees when compared to traditional banking alternatives

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

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

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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.

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

• Bank Transfer
• Paypal

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

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

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

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

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.