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RoboForex (RoboMarkets) vs FXOpen 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is RoboForex (RoboMarkets) better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, RoboForex is considered average-risk, with an overall Trust Score of 69 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingRoboForex (RoboMarkets)FXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 69 80
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Review
RegulationRoboForex (RoboMarkets)FXOpen
Trust Score 69 80
Year Founded 2009 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 0 2
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)RoboForex (RoboMarkets)FXOpen
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)RoboForex (RoboMarkets)FXOpen
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)RoboForex (RoboMarkets)FXOpen
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsRoboForex (RoboMarkets)FXOpen
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 12000 87
Forex Pairs (Total) 36 25
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 (CFD) 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).
CostRoboForex (RoboMarkets)FXOpen
Average Spread EUR/USD - Standard 1.4 info N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingRoboForex (RoboMarkets)FXOpen
Minimum Deposit $100 $100
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsRoboForex (RoboMarkets)FXOpen
Proprietary Platform No 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 No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolsRoboForex (RoboMarkets)FXOpen
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) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingRoboForex (RoboMarkets)FXOpen
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 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchRoboForex (RoboMarkets)FXOpen
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationRoboForex (RoboMarkets)FXOpen
Has Education - Forex or CFDs Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex PairsRoboForex (RoboMarkets)FXOpen
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
OverallRoboForex (RoboMarkets)FXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 69 80
Winner check_circle
Review
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RoboForex (RoboMarkets) vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare RoboForex (RoboMarkets) vs FXOpen.

Does RoboForex (RoboMarkets) or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXOpen offers better pricing overall for traders.

Is RoboForex (RoboMarkets) or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXOpen holds 2 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 0. Both RoboForex (RoboMarkets) and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FXOpen earned a higher Trust Score than RoboForex (RoboMarkets).

Which trading platform is better: RoboForex (RoboMarkets) or FXOpen?

To compare the trading platforms of both RoboForex (RoboMarkets) and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, RoboForex (RoboMarkets) offers a better experience. With research, RoboForex (RoboMarkets) offers superior market research. Finally, we found RoboForex (RoboMarkets) to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both RoboForex (RoboMarkets) and FXOpen offer MetaTrader 4 (MT4).RoboForex (RoboMarkets) and FXOpen both offer copy trading.

How many forex pairs and CFDs are available to trade?

RoboForex (RoboMarkets) provides traders 36 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, RoboForex (RoboMarkets) offers traders access to 12000 CFDs while FXOpen has 87 available CFDs, a difference of 11913.

Can I trust RoboForex (RoboMarkets)?

RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is RoboForex (RoboMarkets) good?

RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: RoboForex (RoboMarkets)

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