StormGain vs RoboForex

StormGain vs RoboForex Comparison Table 2024
StormGain	RoboForex
Review 3.9	Review 4.5

StormGain is a comprehensive crypto platform that allows clients to trade crypto derivatives, store them in a wallet, mine new tokens and access DeFi capabilities such as staking. The focus is on trading crypto futures, which takes place through proprietary software with integreated trading signals and a suite of educational software. The platform also supports trading on 'tokenized assets' – smart contracts based on gold and silver price movements – and crypto options.	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.
	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
Tiered Loyalty Program	$30 No Deposit Bonus
Comment by Reviewer
"StormGain is a good option for day traders who want to focus on digital assets because it offers 60+ crypto futures with high leverage as well as DeFi functions including mining and staking. However, the usual lack of regulation raises concerns about safety so this is riskier than crypto brokers. "	"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."
Pros
Offers highly leveraged trading on 60+ crypto futures as well as indices, options and some spot cryptos Interesting instruments including crypto indices and tokenized gold and silver Easy-to-use proprietary platform allows users of all experience levels to start trading crypto derivatives quickly Leverage up to 1:300 is very high and will suit experienced day traders with a high risk appetite Good educational section with plenty of material for intermediate and experienced traders as well as beginners Tier-based account types with some decent mining rewards for high-volume traders	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.
Cons
Few futures compared to many similar competitors in the crypto sphere, such as Coinbase, Kraken and Binance, which offer hundreds Only supports direct purchase of nine cryptocurrencies, which is very few compared to Coinbase and others Traders can only fund accounts by transferring crypto or buying it with a pricey card transaction Limited platform with no automated trading bots or copy trading Maker/taker fees are more than double some top rivals like Kraken Unregulated firm that has only been in business since 2019 Poor selection of research materials compared to rivals like Coinbase that regularly update with expert analysis	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.
Awards
Most Trusted Crypto Broker 2023 – World Finance Crypto Trading Platform of 2022 – AIBC Best Crypto Broker 2022 - World Finance Best Crypto Broker of 2021 – World Finance Best Crypto Broker of 2021 – UF	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
Instruments
Cryptocurrency	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
Demo Account
Yes	Yes
Minimum Deposit
$50	$10
Trading Platforms
own	R StocksTrader MT4 MT5 TradingView
Payment Methods
Bitcoin Payments Credit Card Debit Card JetonCash Mastercard Visa	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
Minimum Trade
$10	0.01 Lots
Regulator
Unregulated	IFSC
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	Yes
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
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android, R StocksTrader
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
Copy Trading
No	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.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD	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
Commodities
Gold Silver	Cocoa Coffee Copper Corn Gold Natural Gas Nickel Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	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.
Leverage
	1:2000
GBPUSD Spread
	0.4
Oil Spread
	1.7
Stocks Spread
	0.01
Forex Trading
Forex trading not offered	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.
GBPUSD Spread
	0.4
EURUSD Spread
	0.1
EURGBP Spread
	0.4
Assets
	30+
Cryptocurrency
StormGain is a crypto platform that allows clients to trade crypto derivatives, store them in a wallet, mine new tokens and access DeFi capabilities such as staking. The focus is on trading crypto futures, which takes place through proprietary software with integreated trading signals and a suite of educational software. The platform also supports trading on 'tokenized assets' – smart contracts based on gold and silver price movements – and crypto options.	Crypto trading not offered
Spread
	Variable
Coins
BTC BCH LTC ETH XRP USDT DOGE ADA XLM LNK ZTZ VET EGLD BNB AAVE CHZ CAKE ENJ UNI DOT ZEC EOS NEO IOT TRX XMR DASH BSV SHIB ICP ALGO ATM AVAX AXS BTG COMP FIL LUNA MATIC MKR OMG QNT QTM ROSE RUNE SNX SOL SUSHI THETA UMA XEM YFI ZRX APE DAI USDC MANA GMT	No
Crypto Lending
No	No
Crypto Mining
Yes	No
Crypto Staking
Yes	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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