RoboForex vs AdroFX
RoboForex | AdroFx |
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4.5
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2.9
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RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system. |
AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on day trading strategies. |
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 | |
3.5
Based on 2 RoboForex customer reviews
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3
Based on 1 AdroFx customer reviews
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Bonus Offer | |
$30 No Deposit Bonus | 100% Deposit Bonus |
Comment by Reviewer | |
"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists." | "AdroFx will appeal to traders who want a quick and affordable way to speculate on currencies with high leverage via two reliable platforms, including MetaTrader 4. However, testing shows it trails the best day trading brokers in several areas, notably regulation and its investment offering." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | Forex, CFDs, Indices, Shares, Metals, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $25 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.0001 Lots |
Regulator | |
IFSC | VFSC, FSA, BSSLA |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
No | No |
MAM Account | |
Yes | No |
PAMM Account | |
No | No |
LAMM Account | |
Yes | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android, R StocksTrader | iOS &; Android |
App Review | |
RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many day traders. |
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Android App Rating | |
4.4 |
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iOS App Rating | |
4.7 |
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Auto Trading | |
Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
RoboForex’s CopyFX service is designed specifically for currency traders with flexible control over your funds. The ‘Rating’ view provides helpful metrics on master traders, notably profit/loss, maximum drawdown, balance and number of trades spanning time intervals from 1 week to 6 months. That said, the joining process and resources are convoluted, which may confuse newer investors, while the interface trails the smooth user experience provided by category leaders like eToro. | You can use the broker's Allpips platform to copy the trades of experienced investors. Thousands of traders have joined the community and new users can get started with a $100 deposit. That said, it doesn't rival category leaders like eToro with its highly active social trading network. |
Social Trading | |
Yes | Yes |
Trade Signals | |
Yes | Smart Signals |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $5 |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to very high leverage up to 1:2000, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping. | AdroFx offers a most selection of around 100 CFDs on stocks, cryptos, indices and commodities. Its appeal lies in the high leverage up to 1:500 which you can't find in heavily regulated jurisdictions and the commission-free pricing model which will serve beginners. You can speculate on both rising and falling prices from the same product with CFDs. |
Leverage | |
1:2000 | 1:500 |
FTSE Spread | |
From 9.0 | |
GBPUSD Spread | |
0.4 | From 0.5 |
Oil Spread | |
1.7 | N/A |
Stocks Spread | |
0.01 | From 3.0 |
Forex Trading | |
RoboForex offers trading on 30+ currency pairs, trailing category leaders like Pepperstone with its 90+ forex assets. That said, the Prime and ECN accounts feature competitive average spreads of 0.1 pips on the EUR/USD. Additionally, with a minimum investment of $100, traders can utilize the CopyFX system to replicate the strategies of seasoned currency traders. | AdroFx's strongest offering is its 60+ currency pairs, which can be traded with very high leverage up to 1:500. The broker also offers competitive forex spreads starting from 0.4 pips and charges no commission. Additionally, day traders have access to MetaTrader 4, which was built for forex trading and offers excellent support for technical analysis and algo trading. |
GBPUSD Spread | |
0.4 | From 0.5 |
EURUSD Spread | |
0.1 | From 0.4 |
EURGBP Spread | |
0.4 | From 1.5 |
Assets | |
30+ | 60+ |
Cryptocurrency | |
Crypto trading not offered | AdroFx offers just four crypto CFDs, while the typical Bitcoin spread of around 59 USD is considerably higher than the industry average, making it a poor option for serious cryptocurrency traders. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets are available. |
Spread | |
Variable | From 3.0 |
Coins | |
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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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