EagleFX vs RoboForex

EagleFX vs RoboForex Comparison Table 2024
EagleFX RoboForex
4.1
4.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.

RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active day traders.

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Customer Reviews
5
3.5
Bonus Offer
$30 No Deposit Bonus
Comment by Reviewer
"EagleFX will serve experienced day traders looking for raw ECN spreads, high leverage and fast withdrawals. Beginners can also take advantage of the low $10 minimum deposit and round-the-clock support. However, the lack of regulation is a major drawback." "RoboForex is a good pick for traders looking for a vast range of day trading markets with ECN accounts, powerful charting platforms and loyalty promotions. Real stocks traders will also appreciate the R Stocks Trader terminal, with automated trading capabilities."
Pros
  • The $6 round-turn commissions are competitive (other commission structures we review come in at around $7 per round-turn)
  • The broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking flexibility
  • The broker offers Bitcoin deposits, as well as fast-tracked withdrawals, which will serve more active traders
  • EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone
  • High forex leverage is available for experienced investors, up to 1:500
  • The proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
  • Automated trading is permitted in all platforms with user-friendly robot builders and strategy testing features
  • ECN and Prime accounts are available for active day traders looking for low fees and market execution
  • Fast account funding is available, with over 20 payment methods and minimum deposits from $5
  • There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
  • Traders can get two free withdrawals each month, among other promotional deals
  • You can access commission-free trading on thousands of US stocks
Cons
  • There are very limited educational resources, market research and popular additional tools like copy trading - common features found at many alternatives
  • The range of 100+ instruments is very limited compared to the hundreds offered by most other competitors
  • The broker is based offshore and is unregulated, meaning traders will receive little to no safeguards
  • The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
Awards
  • FX Broker With Best Withdrawal Options 2020
  • Best ECN/STP Broker 2020
  • Best Forex Broker 2020
  • Best Global Mobile Trading App 2020 - Global Forex Awards B2B
  • Best Broker of the CIS 2019 - IAFT Awards
  • Best Investment Platform 2019 - IAFT Awards
  • Best Educational Forex-Center CIS 2019 - IAFT Awards
  • Best Stock Broker Asia 2019 - International Business Magazine Awards
  • Best Investment Products 2019 - Global Brands Magazine
Instruments
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • MT4
  • R StocksTrader
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android, R StocksTrader
Android App Rating
4.4
4.4
iOS App Rating
4.8
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
RoboForex offers a market-leading copy trading service for currency traders - CopyFX. The minimum investment is low at $100 and you retain control over your allocated funds. RoboForex also offers MetaTrader 4 MultiTerminal (Multi Account Manager), allowing traders to manage multiple accounts from one master solution.
Social Trading
No Yes
Trade Signals
MT4 Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping. There's a huge selection of 12000+ CFDs covering forex, stocks, indices, ETFs, commodities and futures. Micro lot trading is available and you can start with just $10 - ideal for beginners or traders on a budget. Additionally, the loyalty bonuses will serve seasoned day traders.
Leverage
1:500 1:2000
FTSE Spread
0.77 N/A
GBPUSD Spread
1.3 2
Oil Spread
0.09 5.2
Stocks Spread
Variable 0.1
Forex Trading
You can go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of advanced features, including 9 timeframes and over 30 indicators. RoboForex offers over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.
GBPUSD Spread
1.3 2.0
EURUSD Spread
0.7 1.4
EURGBP Spread
1.4 1.6
Assets
55 30+
Cryptocurrency
A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees. Crypto trading not offered
Spread
Floating Variable
Coins
  • BCH
  • BTC
  • DASH
  • EOS
  • BIT
  • ETP
  • LTC
  • BTC
  • OMG
  • ZEC
  • USDT
  • BCH
  • ETP
  • QTUM
  • XMR
  • DOT
  • ETC
  • IOS
  • NEO
  • SAN
  • ZRX
  • EDO
  • ETH
  • IOT
  • NEO
  • SAN
  • XRP
  • BTG
  • EDO
  • ETH
  • OMG
  • TRX
  • XRP
  • No
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
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