Written by ForexBrokers.com
In this head to head comparison of RoboForex vs FXGT.com, 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 FXGT.com are two online brokers that, while not publicly traded or banks, offer notable services in the financial market. Founded in 2009, RoboForex holds a single Tier-1 license and boasts a Trust Score of 73 out of 99, categorizing it as an average risk broker according to ForexBrokers.com. On the other hand, FXGT.com, established in 2019, is similarly licensed at the Tier-1 level but also holds an additional Tier-2 license. Despite this, FXGT.com's Trust Score is slightly lower at 69 out of 99, placing it in the high-risk category.
When examining regulatory credentials, both brokers possess Tier-1 licenses that provide a good measure of trust but differ slightly in how they extend their regulatory reach. RoboForex does not hold any Tier-2 licenses, while FXGT.com boosts its regulatory standing with one. Users should consider the implications of these trust scores and regulatory licensures when choosing between these platforms for their trading needs.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of RoboForex and FXGT.com, both receive a 3.5-star rating out of five, reflecting a balance of cost and service. RoboForex offers average spreads of 1.3 pips for the popular EUR/USD currency pair on its Procent and Pro accounts. Although the spread is on the higher side, it provides a transparent view of costs for traders. On the other hand, FXGT.com does not provide specific average spread data, which can make it more challenging for traders to estimate their trading costs upfront.
In terms of ranking among 63 brokers evaluated by ForexBrokers.com, RoboForex holds the 55th position in the Commissions and Fees category. This suggests there are more cost-effective options available in the market, although it still maintains a moderate rating. FXGT.com is closely positioned behind RoboForex, ranked at 56 out of 63, indicating a similar standing when it comes to overall trading expenses, despite the lack of average spread transparency.
Though both brokers are similarly rated and ranked, their approach to fees and commissions can influence a trader's decision. RoboForex provides some level of predictability with its listed average spreads, whereas FXGT.com requires traders to seek further information to fully understand potential costs. Both offer their own sets of benefits and limitations, making it crucial for traders to consider their individual needs and research each broker thoroughly before making a decision.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
RoboForex and FXGT.com both provide access to forex trading, allowing users to trade forex pairs as CFDs or spot contracts. RoboForex boasts an extensive selection with 8,400 tradeable symbols, while FXGT.com offers a more limited choice of 117 symbols. When it comes to forex pairs, FXGT.com surpasses RoboForex by offering 53 pairs in contrast to RoboForex's 28. However, neither RoboForex nor FXGT.com offer the option to invest in exchange-traded securities on U.S. or international exchanges.
For those interested in copy trading, both brokers provide this service, though actual cryptocurrency purchases are not available on either platform. Instead, users can explore cryptocurrency derivatives. In terms of investment range ratings, RoboForex earns 4.5 stars, ranking 20th out of 63 brokers according to ForexBrokers.com, indicating a broader range of options. FXGT.com receives a 3-star rating and is positioned at 61st, reflecting its more limited investment offerings.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 117 |
| Forex Pairs (Total) | 28 | 53 |
| 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 online brokers RoboForex and FXGT.com, both offer a wide range of trading platforms and tools, making them attractive to various traders. They both provide simulated trading with free virtual demo accounts, which is beneficial for practicing without financial risk. While neither broker has developed a proprietary trading platform, they each support popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available as Windows-based desktop downloads and web-based platforms. For those interested in social trading strategies, both brokers offer copy trading but do not support platforms like DupliTrade or ZuluTrade.
In terms of charting capabilities, both brokers allow traders to trade directly from a stock chart. FXGT.com offers a broader range of charting tools with 23 drawing tools, surpassing RoboForex’s 15. However, in watch list features, RoboForex takes the lead by providing 7 columns, compared to FXGT.com's 5. Both brokers share a four-star rating for their trading platforms and tools. Despite this, RoboForex fares better in ranking by ForexBrokers.com, positioned at #43 out of 63 brokers, while FXGT.com is placed at #56. Ultimately, choosing between these brokers may depend on the specific tools and platform flexibility a trader prioritizes.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of RoboForex and FXGT.com, both brokers offer iPhone and Android applications that provide essential trading features, such as stock and forex price alerts, the ability to draw trendlines on charts, and viewing multiple time frames. Both apps allow users to create customizable watchlists with real-time quotes and include technical studies, with each offering 30 options. However, a distinct advantage of FXGT.com is its watchlist symbol syncing feature, allowing changes made in their mobile app to synchronize with the client’s online account, promoting a seamless experience across platforms.
In terms of user ratings, RoboForex edges out slightly with a 4-star rating, compared to FXGT.com's 3.5 stars. This preference might contribute to RoboForex’s higher rank at #43 out of 63 brokers per ForexBrokers.com, while FXGT.com stands at #58. Both brokers save chart drawings automatically, enhancing the convenience for traders who regularly adjust their strategies. Overall, RoboForex's mobile app may be more appealing to those who prioritize higher-rated applications, while users looking for synchronized watchlist functionality might prefer FXGT.com.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When comparing RoboForex and FXGT.com, it's evident that RoboForex provides a more comprehensive suite of market research tools. RoboForex offers daily market commentary and access to high-quality forex news from sources like Bloomberg and Reuters, allowing traders to stay informed about global market trends. Additionally, it provides resources from Trading Central and tools from Acuity Trading, although it lacks sentiment analysis tools. In contrast, FXGT.com doesn't offer daily market commentary or news from top-tier sources, but it does provide a sentiment-based trading tool. Both brokers offer an economic calendar to track significant global news events, but RoboForex emerges as the stronger option for market research.
In terms of research capabilities, RoboForex earns a rating of 3.5 stars, compared to FXGT.com’s 3-star rating. Furthermore, according to ForexBrokers.com, RoboForex sits at the 37th spot out of 63 brokers for research, whereas FXGT.com is ranked 56th. This distinction highlights RoboForex's superior research offerings, making it a more desirable choice for traders seeking in-depth market insights and analytical tools.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing RoboForex and FXGT.com in terms of educational resources for beginners, there are some notable differences and similarities. Neither platform offers a robust educational resource pool, as neither provides a minimum of 10 educational pieces such as articles or videos primarily focused on forex or CFDs. Moreover, both RoboForex and FXGT.com do not provide online webinars for clients, and neither has a searchable archive of past webinars. Beginner traders looking for video resources might find limitations here, as neither of the platforms offers 10 or more beginner or advanced trading videos specifically tailored for beginners or experienced traders, respectively.
One area where FXGT.com stands out slightly is its provision of an investor dictionary, containing definitions for over 50 investing terms, a feature not offered by RoboForex. Despite this, RoboForex still receives a slightly higher educational rating of 3.5 stars compared to FXGT.com's 3 stars. Both platforms rank relatively low among 63 brokers evaluated by ForexBrokers.com for educational offerings, with RoboForex coming in at 56th and FXGT.com at 60th. This suggests that while both platforms provide some level of educational content, beginners may need to look beyond these two if expansive educational resources are a priority.
| Feature |
RoboForex
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. RoboForex finished with an overall rank of #46, while FXGT.com finished with an overall rank of #59.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 69 |
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Both RoboForex and FXGT.com offer the ability to trade cryptocurrency derivatives but do not provide the option to purchase actual (delivered) cryptocurrencies.
RoboForex and FXGT.com both support ACH and SEPA transfers, as well as Visa or Mastercard and bank wire transactions for depositing and withdrawing account funds; however, RoboForex also accommodates PayPal and Skrill, options that are not available with FXGT.com.
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 | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | FXGT.com | |
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| Regulation | RoboForex | FXGT.com | |
|---|---|---|---|
| Trust Score | 73 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | FXGT.com | |
|---|---|---|---|
| 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 | 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) | RoboForex | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | RoboForex | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 117 | |
| Forex Pairs (Total) | 28 | 53 | |
| 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 | RoboForex | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | RoboForex | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | RoboForex | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | RoboForex | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | RoboForex | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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