RoboForex Vs. IG - 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.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• IFSC (International Financial Services Commission of Belize)

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• 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

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

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

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

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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)

• Visa
• Mastercard
• Bank Transfer
• Paypal

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

SY, IR.

After 24 months of inactivity, IG charges an $18 monthly fee.

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, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.