FXOpen vs RoboForex

FXOpen vs RoboForex Comparison Table 2023
FXOpen Review 2023	RoboForex Review 2023
Review 3.7	Review 4.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.	RoboForex is a global broker launched in 2009. 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 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.
Bonus Offer
	$30 No Deposit Bonus
Promotions
	RoboForex Is Topping Up Accounts By Up To 10%
Comment by Reviewer
"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."	"RoboForex is a good pick for traders looking for a wide range of markets with welcome bonuses and loyalty promotions."
Pros
No requotes Phone dealing News trading 600+ instruments True ECN model Scalping permitted Multiple payment methods Bonuses and trading contests Unlimited demo account Copy trading (global traders) Low minimum deposit (global traders) MT4, MT5, TradingView & TickTrader platforms	Commission-free trading on US stocks Choice of leading platforms, including MT4 and MT5 ECN and Prime accounts for active traders with low fees Automated trading permitted with user-friendly robot builders Accessible payment methods including PayPal VPS server for 24/7 uninterrupted trading Two free withdrawals each month Low deposit for newer traders
Cons
Inactivity fee Withdrawal fees apply for some methods No access to all instruments on some accounts	Instruments and fees vary between platforms Demo account expires after 90 days Average range of currencies
Awards
Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards	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, Commodities, Cryptocurrencies, ETFs, Shares	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Crypto Indices, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$1	$10
Trading Platforms
MT4 MT5 TradingView	MT4 MT5
Payment Methods
Airtm Alipay Boleto Credit Card Debit Card Mastercard Netbanx Asia Neteller Skrill Trustly Visa WebMoney Wire Transfer Yandex Money	ADVcash Alipay AstroPay Bitcoin Payments Cashu ecoPayz FasaPay Giropay iDeal MoneyGram Neteller Perfect Money POLi QIWI Rapid Transfer SafeCharge Skrill Sofort Trustly Vietcombank Transfer Visa WeChat Pay Wire Transfer Yandex Money
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, CySEC, ASIC	FSC
Margin Trading
Yes	No
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
Yes	No
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android, RStocksTrader
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
Yes	No
Tournaments
Yes	No
Demo Competitions
Yes	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY CHF HKD RUB	USD EUR
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500	Dow Jones Nasdaq New York Stock Exchange SIX Swiss Exchange
Commodities
Gasoline Gold Oil Silver	Gold Nickel Silver
CFD Trading
FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.	Trade a huge selection of CFDs with more than 12,000 assets and very high leverage up to 1:2000. Micro lot trading is also available with access to interbank liquidity providers for low fees.
Leverage
1:30 (EU), 1:500 (Global)	1:2000
FTSE Spread
0.8	N/A
GBPUSD Spread
0.2	2
Oil Spread
4.0	5.2
Stocks Spread
N/A	From 0.1
Forex Trading
FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.	Trade 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
0.2	2
EURUSD Spread
0.2	1.4
EURGBP Spread
0.2	1.6
Assets
50+	30+
Cryptocurrency
FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.	Trade over 30 leading cryptos against the USD and EUR. Digital currencies are available on the user-friendly R StockTrader platform. New users can start trading cryptos in three easy steps.
Spread
Variable	Variable
Coins
BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO	BTC ETH XRP LTC DSH BCH EOC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	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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