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FxPro vs RoboForex (RoboMarkets) 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between FxPro and RoboForex (RoboMarkets)? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, FxPro ranks more highly than RoboForex (RoboMarkets).

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Compare

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Overall Rating FxPro RoboForex (RoboMarkets)
Overall Rating star 8.1 /10 star 7.3 /10
Offering of Investments star 8.0 /10 star 9.5 /10
Commissions & Fees star 7.5 /10 star 7.0 /10
Platform & Tools star 8.0 /10 star 7.5 /10
Research star 7.5 /10 star 7.0 /10
Mobile Trading star 8.5 /10 star 7.5 /10
Education star 7.5 /10 star 6.0 /10
Account Type FxPro RoboForex (RoboMarkets)
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options FxPro RoboForex (RoboMarkets)
Minimum Deposit info $100 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Copy Trading FxPro RoboForex (RoboMarkets)
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency FxPro RoboForex (RoboMarkets)
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) FxPro RoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) FxPro RoboForex (RoboMarkets)
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments FxPro RoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms FxPro RoboForex (RoboMarkets)
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses FxPro RoboForex (RoboMarkets)
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education FxPro RoboForex (RoboMarkets)
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes No
Trading Costs FxPro RoboForex (RoboMarkets)
Minimum Deposit info $100 $100
Average Spread EUR/USD - Standard info 1.51 info 1.3 info
All-in Cost EUR/USD - Active info 1.27 info N/A
Active Trader or VIP Discounts info Yes Yes
Trading Tools FxPro RoboForex (RoboMarkets)
Watchlists - Total Fields info 6 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 53 30
Mobile Charting - Indicators / Studies info 65 30
Trust Factors FxPro RoboForex (RoboMarkets)
Year Founded info 2006 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 90 73
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FxPro vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between FxPro and RoboForex (RoboMarkets)? Our independent database powered by our unbiased research will help you compare FxPro vs RoboForex (RoboMarkets) side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust FxPro?

FxPro has a Trust Score of 90, giving it a "Highly Trusted" Trust Score Label.

Can I trust RoboForex (RoboMarkets)?

RoboForex (RoboMarkets) has a Trust Score of 73, giving it a "Average Risk" Trust Score Label.

Is FxPro a good broker?

FxPro is a trusted brand that delivers access to a wide range of trading platforms, including cTrader, the full MetaTrader platform suite (including MetaTrader 5), and its proprietary FxPro Edge and BnkPro apps. Algorithmic traders will appreciate FxPro's execution methods and pricing options. That said, spreads and overall costs at FxPro are higher than what you'd find with the best forex brokers in the industry.

Is RoboForex (RoboMarkets) a good broker?

Founded in 2009, RoboForex (also known as RoboMarkets) is a maturing brand that offers a proprietary stock trading app (R StocksTrader) as well as 12,000 tradeable symbols available across its full MetaTrader offering (both MT4 and MT5) and the cTrader platform. That said, RoboForex currently only holds one Tier-1 license, which weighs down the broker's overall Trust Score rating.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. FxPro holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). RoboForex (RoboMarkets), on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, FxPro is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised), while RoboForex (RoboMarkets) is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses FxPro is Bahamas (SCB Authorised), while RoboForex (RoboMarkets) is Belize (FSC Authorised).. Neither have Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that FxPro offers a Proprietary Platform, Desktop Platform (Windows) and cTrader, whereas RoboForex (RoboMarkets) supports a Desktop Platform (Windows). Neither have DupliTrade and ZuluTrade

Does FxPro offer MetaTrader? Does RoboForex (RoboMarkets) offer MetaTrader?

Both FxPro and RoboForex (RoboMarkets) offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do FxPro and RoboForex (RoboMarkets) differ in terms of minimum deposit? What about average spreads and funding options?

FxPro requires a minimum deposit of $100, while RoboForex (RoboMarkets) requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both FxPro and RoboForex (RoboMarkets) offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, FxPro or RoboForex (RoboMarkets)?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that FxPro delivers a more diverse selection of investment options than RoboForex (RoboMarkets), offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; FxPro offers 2249, and RoboForex (RoboMarkets) offers a total of 8400 tradeable symbols.

Can I trade cryptocurrency with FxPro or RoboForex (RoboMarkets)?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither FxPro nor RoboForex (RoboMarkets) allow you to trade physical cryptocurrencies.

Who offers more research tools, FxPro or RoboForex (RoboMarkets)?

The best forex brokers arm their clients with a variety of research tools and resources. Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. In our testing, we discovered that both FxPro and RoboForex (RoboMarkets) offer the same suite of research tools and resources. Here’s a comprehensive list of the tools provided by both brokers: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

FxPro Review

Roboforex (RoboMarkets) Review

Overall winner: FxPro

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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