RoboForex vs TopFX

RoboForex vs TopFX Comparison Table 2024
RoboForex	TopFX
Review 4.5	Review 3.3

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.	TopFX is a multi-regulated CFD broker with forex, indices, shares, commodities and ETFs traded via the MetaTrader 4 and cTrader platforms. Spreads are tight on the Zero account with competitive €5.50 round-turn commissions, and traders can be assured of fast execution and fair pricing from the broker's direct-market-access model.
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
Bonus Offer
$30 No Deposit Bonus	$50 No 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."	"TopFX's competitive pricing and fast execution will suit experienced forex traders looking for good value and ultra-fast trading via an STP model."
Pros
RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders. The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk. The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace. RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures. The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.	Supports powerful MT4 and cTrader platforms Fast execution with average speeds below 30ms Generous rebate promotions for active traders Spreads from zero and low commissions Full range of investments Fee-free account deposits Fast one-day withdrawals
Cons
Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders. While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets. RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees. RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account. Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.	No demo account Limited crypto trading opportunities Limited educational resources or extra trading tools
Awards
Best Multi Asset Trading Platform 2023 - Global Brands Magazine Awards Best Trading Conditions 2023 - International Business Magazine Awards Best Mobile Trading App 2022 - GF Awards B2B Most Trusted Broker 2022 - International Business Magazine Awards Best Investment Products 2021 - Global Brands Magazine Awards Best Global Mobile Trading App 2020 - Global Forex Awards B2B Best Broker of the CIS 2019 - IAFT Awards Best Investment Products 2019 - Global Brands Magazine	Best Client Trading Experience Broker - Global Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures	Forex, indices, shares, metals, energies, ETFs, CFDs
Demo Account
Yes	No
Minimum Deposit
$10	$50
Trading Platforms
R StocksTrader MT4 MT5 TradingView	MT4 cTrader
Payment Methods
ADVcash Alipay AstroPay Cashu ecoPayz Giropay iDeal MoneyGram Neteller Perfect Money POLi Rapid Transfer SafeCharge Skrill Sofort Trustly Vietcombank Transfer Visa WeChat Pay Wire Transfer	Credit Card Debit Card Mastercard Neteller PayPal PayRedeem Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
IFSC	CySEC, FCA, FSA
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
No	Yes
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	Yes
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.
Android App Rating
4.4
iOS App Rating
4.7
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.	TopFX offers low-cost copy trading tools to account holders through the cTrader platform. We like the real-time account and fund controls and the user-friendly interface which beats many alternatives.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index FTSE UK Index Japan Exchange Group Nasdaq
Commodities
Cocoa Coffee Copper Corn Gold Natural Gas Nickel Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gasoline Gold Oil Palladium Platinum Silver
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.	Trade CFDs on forex, stocks, indices, energies, metals and ETFs with fast execution and leverage up to 1:30 from the ESMA branch or up to 1:500 from the offshore branch. TopFX is known for its fast execution model with no dealing desk intervention and client safeguards including segregated funds.
Leverage
1:2000	1:500
FTSE Spread
	From 1.5
GBPUSD Spread
0.4	From 0.2
Oil Spread
1.7	From 2.0
Stocks Spread
0.01	Variable
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.	Trade 60+ currency pairs including majors as well as minors and exotics. This is a good range of FX pairs with attractive trading terms and spreads from zero offered on the broker's DMA accounts.
GBPUSD Spread
0.4	From 0.2
EURUSD Spread
0.1	From 0.2
EURGBP Spread
0.4	From 0.2
Assets
30+	90
Cryptocurrency
Crypto trading not offered	Clients with a TopFX FSA regulated account can trade six crypto CFDs. However this is a narrow range and fees aren't the lowest so we don't recommend the broker for experienced crypto traders.
Spread
Variable	Floating
Coins
No	BTC BCH ETH LTC XRP DASH
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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