Your capital is at risk. Trade only with funds you can afford to lose.
RoboForex
#6 in our CFD broker rankings
Accepts traders from SA
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.
Rating breakdown
- Regulation & trust3.3
- Assets & markets4.0
- Fees & costs3.8
- Platforms & tools4.2
- Accounts & banking4.3
- Education4.1
- Research4.4
- Customer support4.6
Binance
#71 in our crypto broker rankings
Accepts traders from SA
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
| RoboForex | Binance | |
|---|---|---|
| Overview | RoboForex is an online broker, established in 2009 and registered with the FSC 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. | Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
| Customer Reviews | Based on 27 customer reviews | – |
| Trustpilot Score | – | |
| Bonus Offer | $30 Deposit Bonus | – |
| Promotions | – | |
| 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.” | “Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion.” |
| Pros |
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| Cons |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto | Cryptos |
| Demo Account | Yes | No |
| Minimum Deposit | $10 | $0 |
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| Payment Methods | ||
| Minimum Trade | 0.01 Lots | $10 |
| Regulator | FSC | – |
| Margin Trading | Yes | Yes |
| STP Account | Yes | No |
| ECN Account | Yes | No |
| 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 | No |
| Market Maker | No | No |
| P2P Trading | No | Yes |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android, R StocksTrader, Telegram Mini App | Yes |
| 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. | – |
| Android App Rating | – | |
| iOS App Rating | – | |
| Auto Trading | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | – |
| Copy Trading | Yes | No |
| 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. | – |
| Social Trading | Yes | No |
| Trade Signals | Yes | – |
| VPS Hosting | Yes | No |
| Tournaments | No | No |
| Demo Competitions | Yes | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | – |
| Islamic Account | Yes | No |
| Account Currencies |
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| Stock Exchanges | – | |
| Commodities | – | |
| CFD Trading | ||
| Overview | 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 margin access, 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. | CFD trading not offered |
| Leverage | 1:2000 | – |
| FTSE Spread | 17.5 | – |
| GBPUSD Spread | 0.4 | – |
| Oil Spread | 1.7 | – |
| Stocks Spread | 0.01 | – |
| Forex Trading | ||
| Overview | 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. | Forex trading not offered |
| GBPUSD Spread | 0.4 | – |
| EURUSD Spread | 0.1 | – |
| EURGBP Spread | 0.4 | – |
| Assets | 30+ | – |
| Cryptocurrency | ||
| Overview | RoboForex has launched 24/7 CFD crypto trading for popular tokens, including Bitcoin, Ethereum, and Cardano. Transparent fees, margin trading opportunities, and the reliable RoboForex execution make it suited to active crypto traders. Crypto trading is on select accounts like Pro, ProCent, and ECN accounts, alongside leverage up to 1:500 for BTC/ETH. | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. |
| Spread | Variable | Variable fees with account tiers |
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| Crypto Lending | No | Yes |
| Crypto Mining | No | No |
| Crypto Staking | No | Yes |
| 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.