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

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Skilling
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RoboForex Vs. Skilling - Compare and Choose the Right One

Updated Dec 14 2021

Visit

74-89% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

Overview

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

Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.

Best For
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
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The Good
  • 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
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
The Bad
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
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 documents (Passport, ID card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder’s name.

🏛 Financial Regulators
  • IFSC (International Financial Services Commission of Belize)
  • CySec (Cyprus)
  • FSA (Seychelles)
📍 Year Founded
2009 2016
💳 Minimum Deposit
$10 $, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium)
💰 Payment Methods
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD. 5 - EUR, USD, GBP, NOK, SEK.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

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

US, SY, IR.
📊 STP Account
Yes Yes - depending on product traded, available liquidity and trade size
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets

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

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

📙 Stocks
12,000+ 762
📘 Currency Pairs
40+ 73
📗 Commodities
100+ 6
📕 Indices
50+ 18
📔 ETFs
1,000+ 45
💸 Cryptocurrencies
16 34
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of RoboForex’s assets are CFDs.

All of Skilling’s assets are CFDs

Trading Experience
📈 Minimum Stock Trade Size

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

Varies per share - From 0.1 shares (Fractional trading)
📉 Minimum ETFs Trade Size

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

Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit)
📈 Minimum Crypto Trade Size

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

Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC)
📉 Minimum FX Trade Size

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

$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size

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

Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:2000 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes, for cTrader, MT4 and MT4 Premium accounts
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees

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

No
💰 Commissions

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

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60)

Spreads
📈 EUR/USD

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

Dynamic - From 0 to 1.3 Pips
📉 SP500
Dynamic - Market Spread Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 17 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $4.62
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From $0.84
📉 BTC
Dynamic - From $220 Dynamic - From $131.8
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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