Written by ForexBrokers.com
In this head to head comparison of RoboForex vs FXOpen, 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.
RoboForex and FXOpen are both well-known brokerage firms established in 2009 and 2003, respectively. Though neither is publicly traded or operates as a bank, they differ in their regulatory standings. RoboForex holds one Tier-1 license, which signals a high level of trust according to ForexBrokers.com, and has a Trust Score of 73 out of 99, categorizing it as an average-risk broker.
FXOpen holds a stronger regulatory position with two Tier-1 licenses, leading to a slightly higher Trust Score of 76, which also places it in the average-risk category but closer to being deemed trusted. Both brokers offer varied experiences but share similarities in being non-publicly traded and not functioning as banks, providing different levels of regulatory reassurance to their clients.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
RoboForex and FXOpen offer different experiences when it comes to commissions and fees, which are crucial considerations for any trader. RoboForex's Procent and Pro accounts feature an average spread of 1.3 pips for EUR/USD, which is considered relatively high. This results in a rating of 3.5 out of 5 stars for commissions and fees. According to ForexBrokers.com, RoboForex holds the 55th position out of 63 brokers in this category.
Conversely, FXOpen does not provide specific average spread data, making a straightforward comparison challenging in this aspect. Despite the lack of detailed spread information, FXOpen scores better in the overall evaluation, with a higher rating of 4 stars for commissions and fees. Additionally, FXOpen ranks 44th out of 63 brokers on ForexBrokers.com, reflecting a more favorable position compared to RoboForex.
When choosing between these brokers, consider how RoboForex's relatively higher spreads might impact your trading costs compared to FXOpen's less transparent but ultimately higher-rated fee structure. These aspects highlight the differing approaches and appeal of each broker, assisting traders in making a more informed decision based on their unique trading needs and preferences.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
RoboForex and FXOpen both offer forex trading through CFDs or spot contracts, making them suitable for traders focused on currency markets. However, the two platforms differ significantly in the breadth of investments available. RoboForex provides access to an impressive 8,400 tradeable symbols, overshadowing FXOpen's offering of just 87. In terms of forex pairs, RoboForex features 28 pairs versus FXOpen's 25, giving users a slightly wider scope for currency exchange opportunities. Neither broker allows clients to buy exchange-traded securities from U.S. or international exchanges, focusing instead on forex and derivatives markets.
Both platforms support copy trading for those interested in mirroring the strategies of successful traders. Additionally, RoboForex and FXOpen offer cryptocurrency derivatives, although neither provides the purchase of actual cryptocurrencies. When it comes to ranking and ratings, RoboForex stands out with 4.5 stars for its range of investments, securing the 20th spot out of 63 brokers on ForexBrokers.com. FXOpen, by contrast, receives a lower rating of 3 stars and ranks 62nd in the same category. This distinction underscores RoboForex's broader and more varied investment offerings compared to FXOpen.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 87 |
| Forex Pairs (Total) | 28 | 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 (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). |
Dive deeper: Best Copy Trading Platforms.
Both RoboForex and FXOpen offer a comprehensive range of trading platforms and tools, making them solid choices for online trading enthusiasts. Each broker provides simulated trading through free virtual demo accounts, allowing users to hone their strategies without financial risk. Neither offers a proprietary platform, but both support popular platforms like MetaTrader 4 and 5. They cater to various trading preferences with available Windows-based desktop downloads and convenient web-based interfaces. Additionally, copy trading is supported by both brokers, offering more flexibility in how users manage their trades. However, only FXOpen offers ZuluTrade to enhance social trading experiences.
When it comes to technical tools, RoboForex and FXOpen are quite comparable, each featuring 15 drawing tools for charting, direct trading from stock charts, and watch lists with seven columns. Although DupliTrade is unavailable on both platforms, the abundance of other features compensates for it. Overall, RoboForex and FXOpen both earn a respectable four-star rating in Trading Platforms and Tools. However, RoboForex edges out a bit in broader industry recognition, ranked #43 by ForexBrokers.com, compared to FXOpen's #53 ranking. This slight difference might guide potential traders in choosing a platform that aligns best with their needs and preferences.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, both RoboForex and FXOpen provide offerings for iPhone and Android devices, making them equally accessible to a wide range of users. Both platforms allow traders to receive stock or forex price alerts, as well as the capability to draw trendlines and view multiple time frames on their charts. Additionally, both apps come with 30 technical studies each, allowing users to gain in-depth insights into market trends. However, neither broker provides watchlist symbol syncing between mobile and online accounts, which might affect those who prefer seamless transitions between platforms.
RoboForex provides an extra convenience by auto-saving chart drawings, a feature that FXOpen does not offer. Both platforms allow the creation of watchlists with real-time quotes, helping users keep an eye on their preferred stocks and currencies. In terms of user satisfaction, both are rated four out of five stars for their mobile trading apps. However, RoboForex is ranked higher by ForexBrokers.com, coming in at 43rd place, compared to FXOpen’s 54th, suggesting a slightly better perception among users or experts in the field.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both RoboForex and FXOpen provide traders with daily market commentary and forex news sourced from top-tier outlets like Bloomberg and Reuters, giving insightful coverage on global financial trends. However, when it comes to sophisticated analytical tools, RoboForex has the edge. It offers resources from Trading Central, known for its powerful technical analytics, while FXOpen does not support this feature. In addition, RoboForex collaborates with Acuity Trading to enhance user experience through tools like Signal Centre, a partnership absent from FXOpen's offer.
For traders keen on staying informed about the world's economies, both brokers supply an economic calendar showcasing vital global news events. Despite these similarities, RoboForex holds a slight advantage in market research ratings, scoring 3.5 out of 5 stars, whereas FXOpen scores 3. Additionally, RoboForex ranks 37th among 63 brokers in the Research category, whereas FXOpen ranks 63rd, indicating RoboForex as a slightly preferred choice for those seeking in-depth market analysis.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both RoboForex and FXOpen have room for improvement. Neither broker provides a substantial library of over ten articles, videos, or archived webinars focused on forex or CFDs. Additionally, neither offers monthly educational webinars or an archive of recorded sessions for further learning. For beginners looking for a series of entry-level educational videos, both RoboForex and FXOpen fall short, as neither offers at least ten beginner-focused videos.
Where the two brokers differ is in their provision of an investor dictionary. RoboForex does not offer this resource; however, FXOpen provides a dictionary with definitions for at least 50 investing terms, which could aid new investors in understanding trading jargon. Despite these shortcomings in educational offerings, RoboForex holds a slightly higher education rating of 3.5 stars compared to FXOpen’s 3 stars. According to ForexBrokers.com's rankings, RoboForex is placed at #56 out of 63 brokers for education, just ahead of FXOpen, which ranks at #58.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that RoboForex is better than FXOpen. RoboForex finished with an overall rank of #46, while FXOpen finished with an overall rank of #54.
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.
| Feature |
RoboForex
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 76 |
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Both RoboForex and FXOpen provide the ability to purchase cryptocurrency derivatives, but neither platform offers the option to buy actual (delivered) cryptocurrency.
RoboForex and FXOpen both support Visa, Mastercard, Skrill, and bank wire transfers for depositing or withdrawing account funds, but RoboForex additionally offers ACH, SEPA, and PayPal as transfer options, unlike FXOpen.
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 | RoboForex | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | RoboForex | FXOpen | |
|---|---|---|---|
| Trust Score | 73 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes | |
| 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) | RoboForex | FXOpen | |
|---|---|---|---|
| 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 | RoboForex | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 87 | |
| Forex Pairs (Total) | 28 | 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 (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). |
| Cost | RoboForex | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| 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 | RoboForex | 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 | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | RoboForex | 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 Tools | RoboForex | 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 Trading | RoboForex | 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 | |
| Mobile Economic Calendar | Yes | Yes |
| Research | RoboForex | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | 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 | RoboForex Review |
| Overall | RoboForex | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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