RoboMarkets vs AdroFX

RoboMarkets vs AdroFx Comparison Table 2024
RoboMarkets AdroFx
3
We do not recommend RoboMarkets. Customer Service performed very badly in our experience.
2.9
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

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.

Customer Reviews
3
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
"RoboMarkets will appeal to traders from the EU and UK. A wide range of accounts and funding options alongside 12,000+ assets make it suitable for both beginners and experienced traders." "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
  • Wide selection of flexible and fee-free payment methods, including bank cards and e-wallets in multiple currencies
  • Remote VPS server with 24/7 high-speed connection, ideal for traders using Expert Advisors
  • Raw ECN spreads from 0 pips alongside low to zero commissions on popular markets
  • Reputable CySEC license means traders receive excellent fund safety measures
  • Trading platforms will suit a range of strategies such as scalping and algo trading
  • No inactivity fee or account maintenance charges
  • Automated dividend payments
  • Fractional stock trading
  • Strong automated trading support with VPS access on MT4 offered free for Pro account holders and affordable access from $10 for other accounts
  • 60+ currency pairs is a great range that beats out many rivals and provides plenty of opportunity for forex traders
  • Quick, responsive customer support from knowledgeable staff who provide personalized responses during testing
  • AdroFx is day trader-friendly with no limitations, meaning you can use scalping and other fast-paced strategies
  • MetaTrader 4 is available, catering to advanced day traders with its extensive charting package
Cons
  • European traders only
  • Very weak customer support
  • Withdrawal fees apply to various methods
  • Small selection of educational materials compared to other brokers
  • Expensive withdrawals for most payment methods, including a 1.9% charge on cards, which can be avoided at most top day trading brokers
  • Low trust score with weak regulatory oversight and short track record compared to established day trading brokers like IG
  • Only 100+ instruments are available, with a particularly weak stock and crypto offering, leaving little scope for diversification and reducing the broker's suitability for experienced traders
  • Mediocre selection of research tools with limited insights into upcoming events that could help beginners identify opportunities, especially compared to alternatives like eToro
Awards
  • Safest European Broker - London Trader Show Awards
  • Best Mobile Trading Platform - Professional Trader Awards
  • Best ECN Broker (Europe) - Global Brands Magazine Awards
  • Most Trusted European Broker - Global Forex Awards Retail
  • Best Indices Broker - International Business Magazine Awards
  • Best STP/ECN Broker 2022 - Forex Awards
  • Most Innovative Broker 2022 - Forex Awards
  • Fastest Growing Forex Broker Europe 2022 - International Business Magazine
Instruments
Forex, CFDs, indices, shares, commodities, ETFs Forex, CFDs, Indices, Shares, Metals, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $25
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • Allpips
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.0001 Lots
Regulator
CySEC 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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS &; Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
RoboMarkets offers a bespoke copy trading service - CopyFX. Clients can use the broker's leaderboard to pick traders and strategies to follow. 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
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • CZK
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade all markets via CFDs, with retail leverage up to 1:30. With the RStocks Trader account, clients can access over 12,000 CFDs with algorithmic analysis tools and intuitive charts. 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
1:30 (Retail), 1:300 (Pro) 1:500
FTSE Spread
0.5 From 9.0
GBPUSD Spread
2.0 From 0.5
Oil Spread
4.4 N/A
Stocks Spread
Variable From 3.0
Forex Trading
Start trading on dozens of currencies at RoboMarkets with powerful analysis tools and pattern recognition technology. 35+ currency pairs are available with tight spreads from 0 pips and rapid market execution. You can also utilise the broker's forex news alerts and economic calendar. 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
2.0 From 0.5
EURUSD Spread
1.4 From 0.4
EURGBP Spread
1.6 From 1.5
Assets
35+ 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
  • ADA
  • ATOM
  • BNB
  • BTC
  • DOT
  • ETH
  • LUNA
  • MANA
  • SOL
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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