Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets, established in 2005, is a well-regarded online broker with a strong regulatory standing. It holds two Tier-1 licenses and one Tier-2 license, which contribute to its Trust Score of 89 out of 99, categorizing it as a trusted platform by ForexBrokers.com. Despite not being publicly traded or operating as a bank, FP Markets' regulatory compliance and history offer confidence to its clients.
Founded in 2009, RoboForex is another player in the online trading arena, holding one Tier-1 license. It carries a ForexBrokers.com Trust Score of 73, reflecting an average risk level for traders. Similar to FP Markets, RoboForex isn't publicly traded and doesn't have bank status. While it may not match the regulatory presence of FP Markets, it serves traders with a focus on maintaining a dependable service.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
FP Markets stands out as a leader in competitive pricing, earning the prestigious "Best in Class" honor for Commissions and Fees in the 2024 Annual Awards. The broker's Raw ECN account offers remarkably low spreads, averaging 0.1 pips for major currency pairs, with a total cost of 0.8 pips when commission is included. Additionally, FP Markets offers the cTrader platform with two account options: the spread-only Standard account and the commission-based Raw account with a flat commission rate of $6 per round-turn standard lot. Notably, FP Markets also provides a unique Iress platform with Direct Market Access pricing, although this option is better suited for high-balance accounts.
RoboForex, on the other hand, presents average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, which are notably higher compared to FP Markets' offerings. While RoboForex provides a range of account types to suit different trading needs, its spread-based pricing structure makes it less cost-effective for traders looking for low-cost options in comparison to FP Markets.
In terms of ratings, FP Markets receives a stellar 5-star rating for its commissions and fees, ranking 6th out of 62 brokers according to ForexBrokers.com. RoboForex, however, garners a 3.5-star rating and ranks 54th in the same category, underscoring FP Markets’ superior value proposition for cost-conscious traders.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.3 |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | 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.
FP Markets and RoboForex both provide diverse investment options, including forex trading, where clients can trade through CFDs or spot contracts. While FP Markets offers an impressive 10,000 tradeable symbols and 71 forex pairs, RoboForex offers around 8,400 symbols and 28 forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning you can't buy stocks in companies like Apple or Vodafone directly through their platforms. For those interested in digital currencies, both brokers allow trading in cryptocurrency derivatives, but neither supports purchasing actual cryptocurrencies.
Both FP Markets and RoboForex support copy trading, providing opportunities for investors to mimic the strategies of more experienced traders. Despite having slightly different offerings, both platforms achieve a 4.5-star rating for their range of investments. FP Markets is ranked 18th by ForexBrokers.com, while RoboForex follows closely at 20th place. These brokers stand out for their expansive options in forex and CFD trading, appealing to a range of trading preferences and strategies.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 71 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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 FP Markets and RoboForex, both online brokers provide comprehensive trading platforms, equipped with essential tools for traders of all levels. Both brokers offer simulated trading through free virtual demo accounts, allowing users to practice and hone their skills without financial risk. While RoboForex provides popular platforms like MetaTrader 4 and MetaTrader 5, FP Markets goes a step further by offering its in-house proprietary platform, which can provide a unique trading experience. Both platforms also include Windows-based desktop and web-based trading options, ensuring flexibility for traders who prefer different devices.
In terms of trading features, both brokers support copy trading, allowing users to replicate successful trading strategies. Charting capabilities are strong in both FP Markets and RoboForex; however, FP Markets offers slightly more drawing tools with 17 compared to RoboForex's 15. Both platforms enable traders to execute trades directly from stock charts and manage watchlists with seven customizable fields. In user ratings, both FP Markets and RoboForex receive four out of five stars for their trading platforms and tools. However, FP Markets ranks #23, while RoboForex stands at #43 among 62 brokers reviewed by ForexBrokers.com, highlighting FP Markets' broader appeal in this category.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and RoboForex provide mobile trading apps for iPhone and Android devices, making it convenient for traders on the go. These apps allow users to set stock or forex price alerts, create watchlists with real-time quotes, and draw trend lines on charts. They also support multiple time frames, from daily to intraday views, and automatically save any chart drawings. However, neither platform offers watchlist symbol syncing, which means any changes made to watchlists must be updated separately online and on mobile.
When it comes to technical studies, RoboForex offers 30 options for charting within its mobile app, whereas FP Markets utilizes MetaTrader's default offering. Despite both platforms receiving a solid 4-star rating for their mobile trading apps, FP Markets ranks higher at #18 compared to RoboForex's #43, according to ForexBrokers.com. This suggests a greater overall satisfaction or functionality perceived by users or evaluators, though both apps provide similar core features essential for effective mobile trading.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and RoboForex both provide robust market research offerings, catering to traders in search of daily market commentary and news from top-tier sources like Bloomberg and Reuters. However, FP Markets pulls ahead slightly with its comprehensive suite of analysis tools. They collaborate with Autochartist, offering advanced technical and fundamental tools, and provide sentiment-based trading insights, representing market positions across various instruments. RoboForex, on the other hand, lacks the Autochartist partnership and sentiment tools but compensates with resources from Acuity Trading, such as Signal Centre, which FP Markets does not offer.
Both brokers provide economic calendars to keep traders informed about upcoming global events. When it comes to overall research quality, FP Markets has earned a higher rating of 4 stars compared to RoboForex's 3.5 stars. Additionally, FP Markets ranks higher in the Research category, positioned at 25th among 62 brokers, whereas RoboForex ranks at 37th. These distinctions highlight FP Markets as a slightly more comprehensive choice for those who value in-depth market analysis tools and resources.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FP Markets stands out compared to RoboForex. FP Markets offers a comprehensive suite of learning materials with over 10 educational pieces focused on forex and CFDs. They further enhance this with monthly client webinars and a searchable archive of past webinars, making it easy for users to revisit important sessions. The platform also provides an extensive range of both beginner and advanced educational videos, tailored specifically to guide novices and experienced traders alike. Additionally, FP Markets includes an investor dictionary with definitions of over 50 investment terms, a valuable tool for those new to the trading world. This holistic approach has earned FP Markets a solid 4-star rating in Education and a respectable 23rd place rank out of 62 brokers on ForexBrokers.com.
In contrast, RoboForex offers a limited selection of educational resources for beginners. It does not meet the minimum threshold of 10 educational pieces focusing on forex and CFDs, and lacks monthly educational webinars or archives of recorded sessions. Beginners might find themselves at a disadvantage, as the platform also falls short in providing an extensive collection of videos for both novice and experienced traders. Furthermore, RoboForex does not offer a comprehensive investor dictionary, making it challenging for beginners to grasp critical investment terms. Despite these shortcomings, RoboForex holds a 3.5-star rating in Education and is ranked 56th out of 62 brokers by ForexBrokers.com, indicating room for improvement in catering to educational needs.
| Feature |
FP Markets
|
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 62 of the best forex brokers, our research and account testing finds that FP Markets is better than RoboForex. FP Markets finished with an overall rank of #19, while RoboForex finished with an overall rank of #46.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 73 |
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Both FP Markets and RoboForex allow investors to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual (delivered) cryptocurrency.
FP Markets and RoboForex both provide multiple options for fund transfers, including PayPal, Skrill, Visa or Mastercard, and bank wires, but only RoboForex supports ACH or SEPA transfers.
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 | FP Markets | RoboForex | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | RoboForex Review |
| Broker Screenshots | FP Markets | RoboForex | |
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| Regulation | FP Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 89 | 73 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | 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) | FP Markets | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 71 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | FP Markets | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | No | Yes |
| Trading Platforms | FP Markets | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | RoboForex Review |
| Overall | FP Markets | RoboForex | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | RoboForex Review |
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