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Do you want to know which is the better broker between MTrading and RoboForex ?
In the table below, you can compare the features of MTrading , RoboForex side by side to determine the best fit for your needs.
EURUSD:0.2
EURUSD:1.8
EURUSD:26.5
XAUUSD:26.29
EURUSD: -8.44 ~ -0.88
XAUUSD: -11.85 ~ -3.8
EURUSD:-0.3
EURUSD:-2.5
EURUSD:14.43
XAUUSD:21.39
EURUSD: -9.3 ~ 1.2
XAUUSD: -29 ~ -3
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of mtrading, roboforex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Broker Name | MTrading |
Registered in | Saint Kitts and Nevis |
Regulated by | NFA |
Year(s) of establishment | 5-10 years |
Trading instruments | Forex pairs, commodities, stocks, cryptocurrencies, indices |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4 and its own mobile application |
Deposit and withdrawal method | electronic payment systems, bank cards, and wire transfer options |
Customer Service | Email, phone number, address, live chat |
Fraud Complaints Exposure | Yes |
Negative balance protection | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Cons:
MTrading is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, MTrading acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that MTrading has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with MTrading or any other MM broker.
MTrading is a global forex and CFD broker that was established in 2013. It offers trading services to both retail and institutional clients. MTrading provides its clients with access to over 100 trading instruments, including forex, commodities, and indices, with flexible leverage options of up to 1:1000. The company offers three types of accounts to cater to different trading needs and experience levels. In addition to its trading services, MTrading also provides educational resources and copy trading capabilities to its clients.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
MTrading is regulated by the National Futures Association (NFA) in the United States. The company holds a Common Financial Service License, with the license number 0555516. This license is issued to FINVEST SOLUTIONS LIMITED. The regulatory status of this license is currently listed as “General Registration.”
Advantages | Disadvantages |
Popular trading instruments are available | High risk associated with some of the trading instruments, such as cryptocurrencies |
Challenging for traders to conduct thorough analysis and risk management |
MTrading offers various trading instruments for traders to choose from. With access to currencies, stocks, cryptocurrencies, indices, commodities, and other highly liquid financial assets, traders have the opportunity to diversify their portfolios and take advantage of market trends across multiple markets. However, the limited information available about the trading instruments and their underlying assets may make it challenging for traders to conduct thorough analysis and risk management. Finally, traders should be aware of the high level of risk associated with some of the trading instruments, such as cryptocurrencies, which may not be suitable for all traders and can result in significant financial losses.
Advantages | Disadvantages |
Competitive spreads on all account types | Commission charged on the M.Pro account |
No commission charges on M.Cent and M.Premium accounts | |
Transparent trading specifications available for all accounts | |
Low minimum deposit requirements on all account types |
MTrading offers competitive spreads on all account types, ranging from 0 pips on the M.Pro account to 1 pip on the M.Cent and M.Premium accounts. The M.Cent and M.Premium accounts do not have any commission charges, while the M.Pro account charges a commission of 4USD per standard lot traded. The trading specifications are transparent and available for all accounts, allowing traders to make informed decisions based on the trading conditions. Another advantage is the low minimum deposit requirements on all account types, which makes trading accessible for a wider range of traders. However, the disadvantage of the commission charge on the M.Pro account may be a consideration for some traders.
Advantages | Disadvantages |
M.Cent account allows for micro lot trading, making it easy for beginners to start trading with just $10. | The low starting capital of M.Cent account means that there is a limit to how much profit can be made. |
M.Premium account offers over 100 trading instruments and requires a starting capital of just $100. | The limited account types offered by MTrading may not be suitable for all traders. |
M.Pro account provides access to zero spread trading with a commission of $4USD and requires a starting capital of $500. | The zero spread feature of M.Pro account comes with a commission which can increase trading costs. |
MTrading offers three different account types to cater to the needs of different types of traders. The M.Cent account is ideal for beginners who are just starting with trading and want to practice with micro lot trading, requiring a low minimum deposit of $10. The M.Premium account offers a wider range of trading instruments and is suitable for traders with some experience who want to trade with larger positions, asking a minimum deposit of $100. Finally, the M.Pro account is designed for more experienced traders who want to take advantage of zero spread trading with a commission of $4USD. This account requires a high minimum deposit of $500. Overall,low starting capital requirement of M.Cent and M.Premium accounts makes it easy for traders to start trading with MTrading.
Advantages | Disadvantages |
MT4 is a popular and widely used trading platform that is highly customizable and user-friendly | The company does not offer any other trading platforms besides MT4 |
MTrading also offers its own mobile trading application for convenient trading on-the-go | The mobile application may have limited features compared to the desktop version of MT4 |
MT4 supports a wide range of technical indicators, expert advisors, and algorithmic trading strategies | Some traders may prefer a more advanced platform with additional features and tools |
MT4 has a large and active online community, which provides access to a wealth of resources, such as forums, educational materials, and custom indicators | The platform may be overwhelming for new traders who are not familiar with its features and functionality |
MTrading offers its clients the popular MT4 platform, which is widely used and highly regarded by traders around the world. MT4 is a customizable and user-friendly platform that supports a wide range of technical indicators and trading strategies. The platform also has a large and active online community that provides access to a wealth of resources for traders. In addition, MTrading also offers its own mobile trading application, which provides convenience for traders who need to manage their trades on-the-go. However, some traders may prefer a more advanced platform with additional features and tools, and the mobile application may have limited features compared to the desktop version of MT4.
Here is a video about their own app on their official YouTube channel.
Advantages | Disadvantages |
High Leverage allows for potential higher profits with smaller capital | High leverage can magnify losses, leading to a larger risk of losing capital |
Traders can open larger positions with smaller amounts of funds | High leverage requires responsible risk management to avoid significant losses |
Leverage can offer more trading opportunities and flexibility | Overuse of leverage can lead to overtrading and emotional decision making |
MTrading offers a maximum leverage of up to 1:1000, which is significantly higher than what is typically offered by regulated brokers. While high leverage can offer traders the potential for higher profits with smaller amounts of funds, it can also magnify losses and increase the risk of losing capital. Traders must exercise responsible risk management and avoid overuse of leverage to avoid significant losses. High leverage can offer more trading opportunities and flexibility, but it also requires careful monitoring of positions and market movements. It is important for traders to have a solid understanding of leverage and its potential risks before using it in their trading strategy.
Advantages | Disadvantages |
Flexible deposit and withdrawal options | Limited options for certain regions |
Variety of electronic payment systems, bank cards, and wire transfer options | Some deposit and withdrawal methods may incur additional fees |
Convenient and fast processing time for deposits and withdrawals | Withdrawals may take longer for certain payment methods or in some cases due to regulatory requirements |
MTrading offers a wide range of flexible and convenient ways to deposit and withdraw funds. Clients can choose from a variety of electronic payment systems, bank cards, and wire transfer options to make deposits or withdrawals. The processing time for deposits is fast, and the withdrawal processing time depends on the payment method used, with some methods taking longer than others. However, there may be additional fees for certain deposit and withdrawal methods, and some regions may have limited options available. Overall, MTrading provides its clients with a convenient and reliable service for managing their funds.
Advantages | Disadvantages |
Comprehensive educational resources | No live webinars or educational courses |
Free access to articles, news, and technical analysis | Limited resources for beginner traders |
Educational resources updated regularly | Limited video resources |
MTrading provides a range of educational resources to help traders stay informed and improve their trading skills. The company offers free access to articles, news, and technical analysis, providing a comprehensive overview of the latest trends and market conditions. These resources are updated regularly to ensure traders are always up to date with the latest developments in the financial markets. However, MTrading doesn't offer live webinars or educational courses, which may limit the opportunities for beginner traders to learn and improve their skills. Additionally, the company has limited video resources, which may also be a disadvantage for some traders. Overall, the educational resources offered by MTrading are comprehensive and up to date, providing valuable insights and analysis for traders looking to stay informed and make informed trading decisions.
Advantages | Disadvantages |
Can be a time saver for beginner traders | May result in blindly following a strategy without understanding its rationale |
Allows access to experienced traders strategies and trades | Copy trading fees can be expensive and add up over time |
Reduces emotional trading by removing the need for constant decision making | Copy trading performance is highly dependent on the performance of the trader being copied |
Can be customized to fit individual risk preferences | Not all traders are available for copy trading |
No need for extensive market knowledge | Copy trading may not be suitable for all trading styles and preferences |
MTrading offers the copy trading feature, which allows traders to automatically replicate the trades of experienced traders on the platform. This feature can be beneficial for beginner traders who lack the necessary skills and knowledge to make profitable trades independently. Copy trading can be customized to fit individual risk preferences and can reduce emotional trading by removing the need for constant decision making. However, copy trading comes with its own set of disadvantages, such as blindly following a strategy without understanding its rationale, copy trading fees that can add up over time, and copy trading performance being highly dependent on the performance of the trader being copied. Therefore, traders need to carefully consider the pros and cons of copy trading before deciding to use this feature.
Advantages | Disadvantages |
Comprehensive FAQ section | Limited customer service channels |
Efficient social media presence | Response time may be slow due to high volume of inquiries |
Online chat available for assistance | Limited availability for personalized support |
There are only a few social media accounts, an online chat button, and an extensive FAQ section available for customer care on MTrading. While the FAQ section is detailed and informative, the lack of multiple contact options may not be enough for some clients who require immediate assistance. The support team's response time may be slow due to the large volume of requests.
MTrading appears to be an online broker that offers a wide range of trading instruments, flexible account types, and platforms suitable for both novice and experienced traders. The company also provides various educational resources such as articles, news, and technical analysis to assist traders in making informed decisions. The leverage offered by MTrading is also high, up to 1:1000, allowing traders to increase their potential profits. Overall, MTrading seems to be a good option for traders seeking a diverse range of trading options and educational resources.
What is the minimum deposit to open an account with MTrading?
The minimum deposit for M.Cent account is only $10, for M.Premium account is $100 and for M.Pro account is $500.
Is MTrading a good broker for beginners?
No, MTrading is not a good choice for beginners.
Does MTrading offer copy trading?
Yes, MTrading provides copy trading for its clients.
How can I deposit and withdraw funds with MTrading?
MTrading provides a variety of electronic payment systems, bank cards, and wire transfer options for deposit and withdrawal of funds. The company also allows internal transfers between accounts of its clients.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
RoboForex Review Summary | |
Founded in | 2009 |
Registered Country/Region | Belize |
Regulation | CySEC, NBRB, FSC (offshore) |
Tradable Instruments | Stocks, indices, futures, ETFs, soft commodities, energies, metals, currencies |
Demo Account | ✅ |
Leverage | Up to 1:2000 |
Spread | Floating from 0 pips |
Trading Platform | MT4, MT5, WebTrader, MobileTrader, R StocksTrader |
Minimum Deposit | $/€10 |
Payment Method | Local bank transfer, e payments (AstroPay, Skrill, Neteller, Perfect Money, Sticpay), bank cards (VISA/MasterCard/JCB/CUP), QR & Vouchers, Western Union |
Customer Support | 24/7 - live chat, contact form, phone |
Regional Restrictions | USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus |
*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.
Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts. Roboforex offers a wide range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies, with over 10,000 instruments available for trading. In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading. In 2019, the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R WebTrader and R MobileTrader, and won more than 20 awards in the financial industry.
One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Pro Cent, Pro, and Demo Accounts.
In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform,WebTrader, MobileTrader, R StocksTrader.
Roboforex also offers various educational resources, including webinars, video tutorials, and market analysis, to help traders improve their trading skills and knowledge. In terms of customer support, Roboforex provides 24/7 multilingual support via phone, live chat, and contact form.
Some of the pros of trading with RoboForex include its low minimum deposit requirement, high leverage options, and multiple account types. The broker also provides a variety of trading platforms, including the popular MetaTrader 4 and 5 platforms, and has a useful selection of educational materials for beginners.
However, some of the cons of trading with RoboForex include its limited research tools, lack of transparency in pricing.
Pros | Cons |
Regulated by CYSEC, NBRB, and FSC (offshore) | Limited research tools |
Wide range of trading instruments available | High commission fees for certain account types |
Low minimum deposit requirement | Withdrawal fees for certain payment methods |
Generous leverage up to 1:2000 | |
Multiple account types to suit different needs | |
Multilingual customer support offered | |
Multiple user-friendly trading platforms to choose from | |
Free education materials and webinars |
Robomarkets Ltd is authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under the license number of 191/13.
Another entity, RoboMarkets, LLC, is authorized and regulated by the National Bank of the Republic of Belarus (NBRB) under the license number of 15.
RoboForex Ltd. is authorized and offshore regulated by the Financial Services Commission (FSC) under license number of IFSC/60/271/TS/17.
This means that the broker is required to adhere to strict regulations and guidelines to ensure the safety of its clients' funds and the integrity of its operations. Additionally, Roboforex is a member of the Financial Commission, an independent organization that provides a neutral dispute resolution process for its members and their clients. It also offer negative balance protection.
RoboForex offers a diverse range of market instruments, including Forex, Stocks, Indices, CFDs on Futures, Energies, Commodities, Cryptocurrencies, and ETFS.
RoboForex understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders.
Opening an account with RoboForex is a straightforward process that can be completed in just a few steps.
The maximum leverage of 1:2000 available for the Pro Account and Pro Cent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.
However, it's important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place.
RoboForex offers a variety of trading accounts that determine the spreads and commissions charged. For instance, the Pro Cent and Pro accounts provide average spreads starting at 1.4 pips, whereas the ECN account offers an average spread from as low as 0.1 pips. On the other hand, the Prime account entails up to 10% commissions, while the ECN account provides up to 15% commissions. It's essential to note that the trading fees may vary based on the trading instruments used and market conditions. As such, it's advisable to check the spreads and commissions charged for each trading account before making any trading decisions.
The R stockstrader account stands out as a distinctive trading account option offered by RoboForex, which entails a unique commission structure for trading various instruments. For instance, trading US stocks under this account attracts a commission of 0.009 USD per share, while EU stocks command a commission of 0.025 USD per share. CFDs on US stocks are charged a commission of 0.02 USD per share, while for CFDs on EU stocks, the commission is 0.07%. As for trading currencies, a commission of 15 USD is applied for every 1 million base currency traded. The commission for trading indices is variable and subject to changes based on market conditions.
RoboForex also charges non-trading fees, which include fees for deposits and withdrawals, as well as account inactivity fees. Inactivity fees are also charged for accounts that have been inactive for more than 90 days, with a fee of $10 per month applied until the account becomes active again.
RoboForex charges overnight interest, also known as swap, on positions held overnight on certain instruments. The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker's website.
RoboForex provides a range of trading platforms to cater to different trading needs and preferences. The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.
MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots. MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.
In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including MobileTrader and R StocksTrader. MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution. R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.
Lastly, for traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.
RoboForex offers a variety of deposit and withdrawal options, including Local bank transfer, e payments (AstroPay, Skrill, Neteller, Perfect Money, Sticpay), bank cards (VISA/MasterCard/JCB/CUP), QR & Vouchers, Western Union. The accepted currencies are USD, EUR, GBP, and CHF.
There are no deposit fees, but withdrawal fees may apply depending on the payment method used. For example, withdrawals through AstroPay are subject to a fee of 0.5%, and withdrawals through Skrill and Neteller are subject to a fee of 1% and 1.9%, respectively. Withdrawal fees through VISA, MasterCard/JCB/CUP are subject to a fee of up to 2.6 % +1.3 USD.
Withdrawals are processed within 1 business day. The processing time for bank transfers can take up to 5 business days.
Roboforexs customer support can be reached by telephone: +65 3158 8389 (English), +88 6277414290 (HK), +66 65 965 6091 (Thailand), email: info@roboforex.com, info@roboforex-cn.org. The online chat function is available 24/7, allowing clients to connect with a representative in real-time and receive assistance promptly. Additionally, the company's website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.
Besides, clients can also follow up with this broker on some social media platforms, such as Facebook, Twitter, Instagram and Youtube.
Company address: 2118 Guava Street, Belama Phase 1, Belize City, Belize; 9724 Ramiro Duran Street, Belize City, Belize.
RoboForex offers some educational resources to help traders improve their skills and knowledge, including a wide range of analytics, comprehensive educational materials, trading tools such as a trading calculator and financial charts, and much more. These resources are designed to help traders stay up-to-date with the latest market trends and make informed trading decisions, but it's important to note that additional independent research may be necessary for more advanced strategies.
To summarize, RoboForex is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments, competitive trading fees, and high leverage options. The user-friendly trading platforms come equipped with advanced trading tools. The broker also offers excellent customer support, with multiple channels available for assistance.
While RoboForex presents an excellent trading opportunity, it is crucial to exercise caution while trading with leverage and implement proper risk management strategies.
Is RoboForex a regulated broker?
Yes, RoboForex is regulated by several financial authorities, including CySEC, NBRB, and FSC (offshore).
What trading platforms does RoboForex offer?
RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, WebTrader, R MobileTrader, and R StocksTrader.
What is the minimum deposit required to open an account with RoboForex?
The minimum deposit required varies depending on the account type, $10 to open most account types, and $100 to open the R Stockstrader account.
What trading instruments can I trade with RoboForex?
RoboForex offers a range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive mtrading and roboforex are, we first considered common fees for standard accounts. On mtrading, the average spread for the EUR/USD currency pair is from 1 pips, while on roboforex the spread is Floating from 1.3 pips.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
mtrading is regulated by NFA. roboforex is regulated by CYSEC,NBRB,FCA,FSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
mtrading provides trading platform including M.Cent Account,M. Premium Account,M. Pro Account and trading variety including currency pairs (majors, minors and exotics), spot metal CFDs. roboforex provides trading platform including Pro,Prime,ECN,ProCent,R StocksTrader and trading variety including 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies.