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


Visit 74-89% of retail CFD accounts lose money.	Visit 74.89% of retail CFD accounts lose money.
Overview
RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.	XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.
Best For
Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety	Experienced traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
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 2 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
IFSC (International Financial Services Commission of Belize)	ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)
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	Competitive commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
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	No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range
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
2009	2009
💳 Minimum Deposit Range
$10	$5
💰 Payment Methods
Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)	Visa Mastercard Bank Transfer Neteller Skrill
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD.	11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 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, CA.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
13,206	1,382
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,000	1,286
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	57
📗 Commodities
0	0
📗 Commodities CFDs
100	15
📕 Indices
0	0
📕 Indices CFDs
50	14
📔 ETFs
0	0
📔 ETFs CFDs
1,000	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
16	0
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	10
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots)	Variable - Fractions allowed
📉 Minimum ETFs Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$100 (0.001 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
2000	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount).	None
💰 Commissions
Yes depending on account type (eg: for ECN accounts there are commissions up to $20).	Yes on Zero accounts ($7 per lot round turn).
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.4 Pips	Dynamic - From 1.7 Pips
📉 SP500
Dynamic - Market Spread	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 17 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $9.4
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $220	Unavailable
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	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	Yes