Written by ForexBrokers.com
In this head to head comparison of eToro vs RoboForex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, eToro and RoboForex stand out with unique strengths in their financial offerings. eToro, founded in 2007, is publicly traded and holds three Tier-1 licenses and one Tier-2 license, reflecting a high level of regulatory trust. This is underscored by its impressive Trust Score of 96 out of 99, meaning it is considered a highly trusted broker. In contrast, RoboForex, established in 2009, is not publicly traded and holds one Tier-1 license with no Tier-2 licenses. Its Trust Score is 73, categorizing it as having an average risk according to ForexBrokers.com.
Both eToro and RoboForex are not banks, but they differ considerably in their regulatory standings. eToro's higher Trust Score and multiple top-tier licenses indicate a stronger regulatory framework compared to RoboForex. This comparison suggests that while both brokers offer valuable services, eToro provides a more trusted and regulated environment for users, which could be a key consideration for those prioritizing security and trust in their trading experience.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing eToro and RoboForex on the basis of commissions and fees, both brokers present distinct characteristics. eToro, a market-maker broker, offers a typical variable spread of 1 pip on the EUR/USD, which is slightly higher than the industry average. While its retail trading fees may not be the most competitive, eToro attracts users primarily for its innovative social copy trading platform. Additionally, eToro's VIP Club offers exclusive perks for traders maintaining balances between $5,000 and $250,000, including discounted withdrawal and deposit fees and access to Trading Central, making it appealing for dedicated traders.
In contrast, RoboForex has average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, considered relatively high compared to industry standards. While RoboForex aims to cater to a diverse range of trading preferences, its fees place it behind eToro in comparative rankings. Specifically, ForexBrokers.com rates RoboForex at 3.5 out of five stars for commissions and fees, positioning it at #55 out of 63 brokers.
Overall, eToro outperforms RoboForex in both star ratings and ranking. With a score of 4.5 out of five stars, eToro ranks #22 out of 63 brokers, illustrating its competitive edge in offering value through additional membership benefits despite slightly higher spreads. For traders emphasizing social trading capabilities alongside potential VIP advantages, eToro presents a more compelling option compared to RoboForex's traditional offerings.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and RoboForex both offer a substantial variety of investment options, making each an attractive choice for different types of investors. With eToro, traders have access to 5,461 tradeable symbols, covering an extensive variety of markets. This includes 55 forex pairs and the unique opportunity to invest directly in U.S. and international exchange-listed stocks, such as Apple and Vodafone. eToro also allows users to engage in copy trading and offers the ability to buy actual cryptocurrencies, not just derivatives, providing a full spectrum of investment opportunities.
In contrast, RoboForex boasts 8,400 tradeable symbols, offering a wider selection but with a different focus. While it provides 28 forex pairs, and like eToro, offers forex trading through CFDs, it does not provide access to buy actual U.S. or international stocks, nor does it support the purchase of actual cryptocurrencies. However, RoboForex does facilitate trading in cryptocurrency derivatives and supports copy trading. Both platforms have their strengths with eToro earning a 5-star rating and ranking #10 by ForexBrokers.com for its range of investments, while RoboForex follows closely with a 4.5-star rating and a #20 ranking, making both appealing with their own distinct advantages.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 8400 |
| Forex Pairs (Total) | 55 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro and RoboForex for their trading platforms and tools, both platforms offer free virtual demo accounts, allowing users to practice trading without financial risk. eToro provides a unique advantage with its proprietary trading platform, which has been developed in-house, while RoboForex relies on established trading software options. Although eToro lacks a Windows-based desktop platform, it makes up for it with a robust web-based platform, which both brokers offer. Meanwhile, RoboForex stands out with its inclusion of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to traders who prefer these popular tools. Both offer copy trading, but neither provides access to DupliTrade or ZuluTrade.
In terms of charting tools, eToro triumphs with a whopping 161 drawing tools, overshadowing RoboForex's 15. However, RoboForex provides the capability for direct trading from stock charts, an option not available on eToro. When comparing watch list functionalities, RoboForex allows for slightly more customization with its 7 columns, compared to eToro's 6. Based on user feedback, eToro earns a higher rating of 4.5 stars compared to RoboForex's 4 stars for their trading platforms and tools. Furthermore, eToro ranks significantly higher, securing the 8th spot among 63 brokers, while RoboForex comes in at 43rd according to ForexBrokers.com.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both eToro and RoboForex offer apps for iPhone and Android users, providing features like price alerts and the ability to create watchlists with real-time quotes. However, eToro takes an edge with its advanced charting capabilities that include 104 technical studies compared to RoboForex's 30. The eToro app also supports syncing watchlist symbols between devices, a feature RoboForex lacks. While eToro users can view multiple time frames on charts, they don't have options to draw trendlines, a feature available in RoboForex. Nonetheless, RoboForex does allow users to draw trendlines and automatically save chart drawings, which adds an extra layer of functionality.
Despite these differences, eToro's mobile app outshines RoboForex in terms of user ratings and industry rankings. eToro has garnered a 4.5-star rating, placing it at an impressive #10 out of 63 in ForexBrokers.com's Mobile Trading Apps category. In contrast, RoboForex holds a 4-star rating, landing it at the #43 spot. These rankings illustrate eToro's slight advantage in providing a more integrated and feature-rich trading experience for its mobile app users. Overall, eToro offers a more comprehensive mobile trading platform, making it the preferred choice for those focusing on seamless connectivity and advanced charting options.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both eToro and RoboForex provide daily market commentary, enabling traders to stay updated with market trends and insights. However, when it comes to forex news from top-tier sources like Bloomberg or Reuters, RoboForex takes the lead over eToro by offering such news insights. While neither platform integrates tools from Autochartist, both eToro and RoboForex provide technical and fundamental tools from Trading Central, catering to traders who value these analytical insights.
eToro distinguishes itself with a sentiment-based trading tool, providing visibility into long and short positions across different instruments—a feature RoboForex lacks. Additionally, eToro offers market research from TipRanks, further enhancing its research offerings. Conversely, RoboForex compensates with research tools from Acuity Trading, such as the Signal Centre. Both platforms offer an economic calendar, though eToro receives a higher research rating of 4.5 stars and ranks 13th out of 63 brokers by ForexBrokers.com, while RoboForex holds a 3.5-star rating and is ranked 37th.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
eToro stands out for beginners looking to learn about forex and CFDs trading, with a wealth of educational resources available. It offers a collection of over ten educational pieces on forex or CFDs, alongside monthly client webinars to enhance learning. For those unable to attend live sessions, eToro provides a searchable archive of past webinars, ensuring learners can access valuable insights whenever convenient. Beginners also benefit from more than ten specialized videos and an extensive investor dictionary containing over 50 terms, making it easier to grasp complex concepts.
On the other hand, RoboForex does not provide similar educational opportunities for forex and CFDs enthusiasts. Lacking the minimum of ten educational pieces and regular webinars, beginners might find it challenging to access foundational knowledge. RoboForex does not offer a searchable webinar archive or a comprehensive set of videos tailored for new traders. eToro, recognized with a 4.5-star rating and ranked fifth by ForexBrokers.com for education, clearly outshines RoboForex, which holds a 3.5-star rating and ranks 56th among its peers.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than RoboForex. eToro finished with an overall rank of #9, while RoboForex finished with an overall rank of #46.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 73 |
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eToro allows users to purchase actual cryptocurrencies and cryptocurrency derivatives, whereas RoboForex only provides the option to buy cryptocurrency derivatives.
Both eToro and RoboForex provide a wide range of options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, ensuring versatile and convenient financial transactions for their users.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | RoboForex | |
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| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | RoboForex Review |
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| Regulation | eToro | RoboForex | |
|---|---|---|---|
| Trust Score | 96 | 73 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 8400 | |
| Forex Pairs (Total) | 55 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | RoboForex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | RoboForex Review |
| Overall | eToro | RoboForex | |
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| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | RoboForex Review |
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