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Do you want to know which is the better broker between Xtrade and RoboForex ?
In the table below, you can compare the features of Xtrade , RoboForex side by side to determine the best fit for your needs.
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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 xtrade, 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:
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.
Feature | Detail |
Registered Country/Region | Australia |
Regulation | ASIC, FSC |
Found | 2000 |
Market Instrument | CFDs, indices, commodities, forex, stocks, ETFs, bonds, etc |
Account Type | Standard, Premium, Platinum and VIP |
Minimum Deposit | $250 |
Maximum Leverage | 1:400 |
Spread (EUR/USD) | 2-5 pips |
Commission | $0 |
Trading Platform | WebTrader |
Demo Account | yes |
Deposit & Withdrawal Method | credit/debit cards and bank transfers |
Xtrade was founded in 2000 and based in Melbourne, Australia, is a online trading broker. It currently holds a full license from the Australian Securities and Investments Commission (ASIC), a suspicious clone license from the Cyprus Securities and Exchange Commission (CYSEC), and an offshore retail forex license from the Financial Services Commission (FSC) of Belize. Xtrade offers a wide range of tradable assets, including currencies, commodities, indices, stocks, and more. This diverse selection allows traders to access various global markets and create well-diversified portfolios. With Xtrade, traders have the flexibility to choose from various trading account types, catering to different levels of expertise and trading preferences. The minimum deposit required to open an account is$250, allowing traders with different budget sizes to participate in the markets.
Xtrade offers a competitive maximum leverage ratio of up to 1:400, enabling traders to amplify their trading positions. Spreads on different financial instruments vary, ensuring a diverse range of trading opportunities.
Traders can access the markets using Xtrade's user-friendly and feature-rich trading platforms. These platforms provide seamless trading experiences across multiple devices, including web, mobile, and desktop.For traders who wish to test their strategies or familiarize themselves with the platform, Xtrade provides a demo account. Additionally, the broker offers an Islamic account option for traders who follow Shariah principles.
Xtrade prioritizes customer support, providing assistance to traders through various channels, including live chat, email, and phone. Traders can reach out to the dedicated support team for any inquiries or assistance they may need. The broker also provides educational tools and resources to help traders enhance their trading knowledge and skills.
Xtrade is a broker that is regulated by two regulatory authorities, namely the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC). ASIC is an Australian regulatory body known for its strict oversight of financial services providers, ensuring fair and transparent practices.
The FSC, on the other hand, is the regulatory authority in Belize, where Xtrade operates as an offshore entity. While the FSC is responsible for overseeing financial services in Belize, it is important to note that the regulatory standards may differ from those of ASIC. Traders should be aware of the regulatory jurisdiction in which the broker operates and understand the associated risks.
Xtrade offers several advantages and disadvantages that should be considered by potential traders. On the positive side, the broker is regulated by reputable authorities like ASIC. They offer a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, providing diversification opportunities. Additionally, Xtrade provides educational resources and tools to support traders' knowledge and skills development. However, some drawbacks include the spreads not being highly competitive, which could affect the cost of trading, and the lack of transparency regarding commission charges, the absence of MT4 or MT5 trading platforms. Traders should carefully evaluate these factors before deciding to trade with Xtrade.
Pros | Cons |
Regulated by ASIC | Spreads not highly competitive |
Wide range of trading instruments | Lack of transparency regarding commission charges |
High minimum deposit for some account types | Limited variety of account types |
User-friendly and intuitive interface | Limited educational resources compared to some other brokers |
Various payment methods supported | Lack of MetaTrader trading platforms |
Demo account available for practice | Inactivity fees for dormant accounts |
Negative balance protection | Limited research and analysis tools provided |
Access to rich educational resources | Limited availability in certain countries |
Xtrade offers a diverse range of market instruments to cater to the trading needs of its clients. Traders can access a wide variety of indices, representing different global markets, allowing them to speculate on the overall performance of major stock exchanges. Additionally, Xtrade provides a selection of commodities, enabling traders to participate in the price movements of precious metals, energy resources, agricultural products, and more.
Furthermore, Xtrade grants access to a comprehensive range of shares, including stocks of renowned companies from around the world. This allows traders to invest in individual companies and potentially benefit from their performance and dividends. In the forex market, Xtrade offers a vast selection of currency pairs, enabling traders to capitalize on fluctuations in exchange rates between various currencies.
For those seeking diversification, Xtrade provides access to Exchange-Traded Funds (ETFs). ETFs are investment funds that track the performance of a specific index or sector, allowing traders to gain exposure to a basket of assets with a single trade. Moreover, Xtrade offers the opportunity to trade bonds, enabling traders to invest in fixed-income securities issued by governments or corporations.
With this extensive range of market instruments, Xtrade empowers traders to diversify their portfolios and take advantage of various trading opportunities across different asset classes.
Pros | Cons |
Diverse range of tradable assets | Limited availability of some niche markets |
Access to global markets | Possible volatility in certain instruments |
Opportunities for portfolio diversification | Limited selection of exotic currency pairs |
Potential for profit in various sectors | Spreads may widen during volatile periods |
Availability of major indices and stocks | Limited range of cryptocurrency offerings |
Xtrade offers different account types to cater to the varying needs of traders, starting with the Standard account. With a minimum deposit requirement of $250, the Standard account is ideal for beginners who are new to trading or prefer to start with a smaller investment. This account provides access to a user-friendly trading platform, educational resources, and basic trading features, allowing traders to gain experience and knowledge in the financial markets.
Moving up the ladder, the Premium account requires a minimum deposit of $1,000. This account type is suitable for intermediate traders who have a bit more experience and seek competitive trading conditions. Traders with a Premium account can enjoy a wider range of tradable assets, receive regular market updates, and access customer support services to assist them in their trading journey.
For traders looking for an even higher level of service and benefits, Xtrade offers the Platinum account. Requiring a minimum deposit of $5,000, the Platinum account provides traders with enhanced features, including tight spreads, faster trade execution, and dedicated account managers who can offer personalized guidance and support. This account type is suitable for traders who desire a premium trading experience and want access to advanced trading tools.
Lastly, Xtrade offers the VIP account, which is designed for experienced and high-net-worth traders. With a minimum deposit requirement of $20,000, the VIP account provides exclusive benefits such as priority customer support, lower trading costs, and advanced trading tools. Traders with a VIP account can enjoy personalized services and assistance from dedicated account managers to meet their specific trading needs.
Account Type | Pros | Cons |
Standard | - Suitable for beginners with a lower minimum deposit | - Limited trading features compared to higher tiers |
- Access to educational resources and basic trading tools | - Less competitive trading conditions | |
Premium | - Wider range of tradable assets | - Higher minimum deposit requirement |
- Regular market updates and customer support | - Not as advanced as the Platinum and VIP accounts | |
Platinum | - Enhanced features including tight spreads | - Higher minimum deposit requirement |
- Dedicated account managers for personalized assistance | - May not be accessible for all traders | |
VIP | - Exclusive benefits such as priority support | - Very high minimum deposit requirement |
- Lower trading costs and advanced trading tools | - Designed for experienced and high-net-worth traders |
Opening an account with Xtrade is a straightforward process.
1. To begin, visit the Xtrade website and click on the “Open Account” button.
2. Fill out the registration form with your personal details, including your name, email address, and phone number.
3. Next, choose your desired account type and leverage level. After completing the form, review and accept the terms and conditions.
4. Finally, verify your account by providing the necessary identification documents as requested by Xtrade. Once your account is approved, you can proceed to fund it and start trading in the financial markets with Xtrade's user-friendly trading platform.
Xtrade provides traders with flexible leverage options across various instruments. The leverage offered by Xtrade varies depending on the trading asset. For forex trading, the maximum leverage available is up to 1:400, allowing traders to amplify their trading positions. When it comes to commodities, the leverage reaches up to 1:200, offering traders the opportunity to trade larger volumes with a smaller initial investment. Shares trading on Xtrade's platform has a maximum leverage of 1:10, enabling traders to take advantage of price movements in the stock market. Lastly, for cryptocurrency trading, the leverage ranges from 1:10 to 1:50, depending on the specific digital asset.
Xtrade offers spreads that are not considered highly competitive, with the benchmark spread on EURUSD ranging from 2 to 5 pips. The spreads indicate the difference between the buying and selling prices of a trading instrument, and in the case of Xtrade, they may be slightly wider compared to some other brokers in the market. It's important for traders to consider the spreads as they directly impact the overall cost of trading.
However, it's worth noting that the exact commission charges associated with trading on Xtrade's platform are not specified. Traders should evaluate the overall trading conditions, including spreads and any applicable commissions, to make informed decisions regarding their trading strategy on Xtrade.
Apart from trading fees, Xtrade may charge non-trading fees, which refer to fees not directly related to trading activities. These fees can include charges for account inactivity, withdrawal fees, or fees for certain payment methods. It is important for traders to familiarize themselves with the specific non-trading fees imposed by Xtrade, as they may vary depending on the account type and the services utilized. Being aware of these fees can help traders effectively manage their trading costs and make informed decisions.
Xtrade offers a user-friendly trading platform designed to meet the needs of modern traders. One of the platform options available is the WebTrader, which allows traders to access their accounts and trade directly from their web browser. It provides a seamless trading experience with advanced charting tools, real-time market quotes, and an intuitive interface. The WebTrader platform is accessible from any device with an internet connection, making it convenient for traders who prefer trading on the go.
For traders who prefer to trade on their mobile devices, Xtrade provides a mobile trading app compatible with both iOS and Android systems. The mobile app offers full functionality, enabling traders to monitor their positions, place trades, and access real-time market information. It is designed to be user-friendly and responsive, providing a smooth and efficient trading experience even on smaller screens.
Additionally, Xtrade offers a tablet trading app, optimized for larger screens and providing enhanced features for tablet users. The tablet app combines the convenience of mobile trading with the expanded functionality of a larger display, allowing traders to analyze charts, execute trades, and manage their portfolios with ease.
Xtrade presents a range of enticing promotions and bonuses to enhance the trading experience for its clients. Traders can take advantage of the First Deposit Bonus, which offers a rewarding boost of up to $5000 on their initial deposit. Additionally, by completing a simple Phone Verification process, traders can earn a $25 Cash bonus as a gesture of appreciation. The “First Trade on us” promotion allows traders to enjoy a cash bonus of up to $500 when placing their initial trade. Furthermore, by verifying their trading account, clients can receive a generous 20% bonus as part of the Account Verification promotion. These promotions provide traders with added value and potential rewards, giving them a head start in their trading journey with Xtrade.
Xtrade offers flexible deposit and withdrawal options to cater to the diverse needs of its clients. While the standard minimum deposit is $250, Xtrade occasionally runs promotions that allow for lower deposit thresholds, providing more accessibility for traders. Clients can choose from various payment methods, including credit/debit cards, bank transfers, and American Express, among others. The availability of deposit options may vary depending on the country of residence.
When you request a withdrawal, the funds are returned using the same method you used for depositing. For example, if you deposited funds using a credit card, the withdrawal amount will be credited back to that card. Similarly, if you used a bank transfer for deposit, the withdrawal will be transferred back to your bank account. In the case of deposits made through e-wallets like Skrill or Neteller, the withdrawal will be returned either through a bank transfer or directly to the e-wallet. It's important to note that withdrawal requests typically take up to five business days to process. However, please be aware that external factors beyond our control, such as credit card companies or intermediary banks, may cause delays of up to three weeks in extreme cases. Normally, bank transfer or credit/debit card refunds are completed within 10 business days, while e-wallet payments are processed instantly once the withdrawal is approved.
Customer Support
Xtrade prioritizes providing excellent customer support to its clients. With their dedication to customer satisfaction, Xtrade offers round-the-clock customer support, ensuring assistance is available 24 hours a day, 6 days a week. This allows traders from different time zones to access support whenever they need it. The customer support team is multilingual, capable of assisting clients in various languages, further enhancing the accessibility and inclusivity of their services.
Clients can reach out to Xtrade's customer support through multiple channels, including email, phone, and online chat. This diverse range of contact options allows traders to choose the method that suits them best for efficient and convenient communication. Whether clients prefer written correspondence, direct phone conversations, or real-time chat support, Xtrade accommodates their preferences.
To provide additional assistance and address common inquiries, Xtrade offers a detailed FAQ section. This comprehensive resource covers a wide range of topics, including account registration, deposits and withdrawals, trading platforms, trading conditions, and more. The FAQs provide clear and concise answers to frequently asked questions, empowering traders with the necessary information to navigate the platform and make informed decisions.
Xtrade offers a comprehensive range of educational resources designed to empower traders with knowledge and skills. Their educational offerings include video tutorials, which provide step-by-step guidance on various trading concepts and strategies. These tutorials are easy to follow and cater to traders of all levels, from beginners to advanced.
In addition to video tutorials, Xtrade provides interactive courses that cover a wide range of trading topics. These courses are carefully curated to provide traders with a structured learning experience, allowing them to delve deeper into specific areas of interest and enhance their trading proficiency.
For traders looking to familiarize themselves with industry terminology, Xtrade offers a comprehensive glossary. This glossary serves as a valuable reference tool, providing clear and concise definitions of key trading terms and jargon.
To keep traders informed about the latest market trends and developments, Xtrade offers a wealth of trading information. This includes real-time market news, analysis, and insights, enabling traders to stay updated and make informed trading decisions.
Xtrade's blog is another educational resource that offers a wealth of informative articles on various trading topics. From market analysis and trading strategies to risk management and psychology, the blog covers a wide range of subjects to help traders expand their knowledge and refine their trading approach.
Lastly, Xtrade prioritizes trading education and provides access to additional educational materials such as e-books, webinars, and seminars. These resources offer valuable insights and perspectives from industry experts, further enriching traders' learning experience.
Overall, Xtrade's educational resources aim to equip traders with the knowledge and skills necessary to navigate the financial markets effectively. By offering a diverse range of educational tools, Xtrade strives to support traders in their quest for continuous growth and improvement.
Xtrade offers a wide range of trading opportunities with its user-friendly platform and diverse tradable assets. The broker is regulated by ASIC and FSC, and the leverage provided offers flexibility to traders. Customer support is readily available, and the broker supports various payment methods. Xtrade also provides educational tools to enhance traders' knowledge and skills. On the downside, there may be delays in withdrawal processing, particularly when involving third-party payment methods. Besides, it is important to note that spreads may vary and some non-trading fees may apply. Overall, Xtrade presents an opportunity for traders to explore the financial markets, but it is important to consider both the advantages and limitations before engaging in trading activities.
Q 1: | Is XTrade regulated? |
A 1: | Yes. It is regulated by Australia Securities & Investment Commission (ASIC). |
Q 2: | Does XTrade offer demo accounts? |
A 2: | Yes. |
Q 3: | Does XTrade offer the industry-standard MT4 & MT5? |
A 3: | No. Instead, it offers a WebTrader. |
Q 4: | Does Xtrade charge commission? |
A 4: | No. Xtrade does not charge commissions, only spreads are calculated. |
Q 5: | What is the minimum deposit for XTrade? |
A 5: | The minimum initial deposit to open an account is $250. |
Q 6: | Is XTrade a good broker for beginners? |
A 6: | Yes. XTrade is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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 xtrade and roboforex are, we first considered common fees for standard accounts. On xtrade, the average spread for the EUR/USD currency pair is -- 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.
xtrade is regulated by ASIC,FSC,CYSEC. 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.
xtrade provides trading platform including VIP,Platinum,Premium,Standard and trading variety including --. 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.