RoboForex vs OANDA US

RoboForex vs OANDA US Comparison Table 2023
RoboForex OANDA US
4.5
4.5

OANDA US is #5 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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 day traders.

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions.

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. CFDs are not available to residents in the United States.
Bonus Offer
$30 No Deposit Bonus
Promotions

RoboForex Is Topping Up Accounts By Up To 10%

Comment by Reviewer
"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." "OANDA is an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Pros
  • There's an excellent choice of leading platforms, including MT4 and MT5 and the broker's R Stocks Trader
  • 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
  • ECN and Prime accounts are available for active day traders looking for low fees
  • Automated trading is permitted in all platforms, with user-friendly robot builders
  • The low $10 minimum deposit is ideal for beginners and those on a budget
  • You can access commission-free trading on thousands of US stocks
  • Accessible payment methods are available, including PayPal
  • Industry-leading charting platforms including MT4 and TradingView
  • The OANDA web platform offers advanced price charts and graphs
  • Reliable, trustworthy and secure brand with authorization from tier-one regulators
  • API facilitates access to 25 years of historical data and rates from 200+ currencies
  • Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles
  • Wide selection of instruments including 68 forex pairs
  • Transparent pricing structure with no hidden charges
  • Low minimum deposit for beginners
  • Fast and reliable order execution
  • US clients accepted
Cons
  • The demo account expires after only 90 days, which is a smaller time limit than some competitors
  • Based on tests, instruments and fees vary between platforms
  • The broker's range of 40+ currency pairs is mediocre
  • Customer support not available on the weekend
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
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • R StocksTrader
  • MT4
  • MT5
  • MT4
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSC NFA, CFTC
Margin Trading
Yes Yes
Margin Rate
2%
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
No No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android, R StocksTrader iOS, Android + Web Trader
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
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. CFD trading not offered
Leverage
1:2000 1:50
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
5.2
Stocks Spread
0.1
Forex Trading
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. OANDA offers 68 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 68 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
2.0 3.4
EURUSD Spread
1.4 1.6
EURGBP Spread
1.6 1.7
Assets
30+ 65+
Cryptocurrency
Trade over 30 leading crypto CFDs paired with the USD and EUR. Digital currencies are available on the user-friendly R StockTrader platform. New users can start trading crypto CFDs in three easy steps. Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app.
Spread
Variable $100
Coins
  • No
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
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. CFDs are not available to residents in the United States.
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