Written by ForexBrokers.com
In this head to head comparison of FxPro 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 the online brokers FxPro and RoboForex, there are several key points to consider, especially regarding regulatory information. Founded in 2006, FxPro is a well-established financial brokerage company and a bank. RoboForex, on the other hand, was established in 2009 and operates solely as a broker without banking functions. Neither of the companies is publicly traded. FxPro holds two Tier-1 licenses and one Tier-2 license, positioning it as a more trusted option within the industry, as per ForexBrokers.com's rating system. Conversely, RoboForex holds one Tier-1 license and lacks any Tier-2 licenses.
In terms of trustworthiness, FxPro stands out with an impressive Trust Score of 93 out of 99, categorizing it as highly trusted. Meanwhile, RoboForex earns a Trust Score of 73, indicating an average level of risk. These trust metrics are essential for traders seeking reliable and secure platforms for their trading activities, offering a clear perspective of each broker's level of regulatory oversight and trust in the financial industry.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Year Founded | 2006 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of online brokers FxPro and RoboForex, it's important to understand the unique offerings of each platform. FxPro tends to have pricing that is higher than the industry average, with spreads varying by platform. On their cTrader platform, the effective spread for EUR/USD is approximately 1.27 pips, which incorporates an average spread of 0.37 pips and an additional commission-equivalent of 0.9 pips. On their MetaTrader platforms, spreads are slightly less competitive, standing at 1.58 pips for market execution and 1.71 pips for instant execution, based on data from August 2020. FxPro also offers an Active Trader program with discounts up to 30%, though this still doesn't quite match plans from top-tier competitors.
In contrast, RoboForex's pricing model is somewhat simpler but also features relatively high average spreads of 1.3 pips for EUR/USD on their Procent and Pro accounts. While the specifics of their commission structure are less emphasized, the overall spread cost may prove to be less advantageous for some traders compared to other options available in the market.
FxPro holds a solid position with a 4-star rating for its commissions and fees, ranking #32 out of 63 brokers according to ForexBrokers.com. RoboForex, while providing a viable alternative for traders, is rated 3.5 stars and is positioned lower at #55 out of 63 brokers, highlighting a notable difference in the value provided by each broker in this category.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | 1.3 |
| All-in Cost EUR/USD - Active | 1.27 | 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.
When comparing FxPro and RoboForex for their range of investments, both platforms shine in offering forex trading as CFDs or spot contracts. FxPro provides access to 2,249 tradeable symbols, including 70 forex pairs, giving traders a diverse array of options. In contrast, RoboForex boasts a larger selection with 8,400 tradeable symbols, though it offers fewer forex pairs at 28. Interestingly, neither broker allows clients to purchase exchange-traded securities on U.S. exchanges. However, FxPro stands out by offering international exchange-traded securities, allowing traders to invest directly in shares like Vodafone from the London Stock Exchange, while RoboForex does not provide this option.
Both FxPro and RoboForex offer copy trading and the ability to trade cryptocurrency derivatives, though neither allows buying actual cryptocurrencies. In terms of investment range, RoboForex is slightly ahead, earning a 4.5-star rating compared to FxPro’s 4-star. Additionally, RoboForex is ranked 20th out of 63 brokers in the Range of Investments category by ForexBrokers.com, whereas FxPro holds the 28th position. This comparison suggests that while both brokers offer a wide assortment of trading options, RoboForex may have a slight edge due to its broader range of total tradeable symbols and higher ranking.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 8400 |
| Forex Pairs (Total) | 70 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and RoboForex both provide online traders with essential tools and platforms, yet there are notable differences between them. Both brokers offer simulated or paper trading through free virtual demo accounts, which is an excellent feature for newcomers to practice without financial risk. While RoboForex utilizes well-known platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), FxPro goes a step further by also providing its own proprietary platform in addition to these popular options. For those who prefer desktop applications, both brokers cater to this need with Windows-based download platforms and web-based trading platforms. Copy trading is available through both FxPro and RoboForex, but neither offers DupliTrade or ZuluTrade integration.
When it comes to features like trading directly from charts, both brokers provide this capability; however, they differ in their charting tools. FxPro offers users 25 drawing tools compared to RoboForex's 15. Additionally, RoboForex supports 7 columns for watch list customization, slightly edging out FxPro's 6. Both brokers enjoy a solid 4-star rating for their trading platforms and tools, although FxPro ranks higher in comparison, placed at #17 out of 63 brokers by ForexBrokers.com, whereas RoboForex stands at #43. This ranking disparity might be influenced by the additional feature of FxPro's proprietary platform, which could contribute to a more personalized trading experience.
| Feature |
FxPro
|
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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and RoboForex, both brokers offer applications for iPhone and Android users, complete with features such as stock and forex price alerts. However, FxPro edges ahead with its watchlist symbol syncing feature, allowing seamless updates between the mobile app and a client's online account, a capability RoboForex lacks. FxPro also provides a more extensive suite of 65 technical studies for charting, compared to RoboForex's 30 studies, broadening the analytical tools available to traders. Both apps allow for trendline drawing and multiple time frame views, making them versatile for chart analysis. Importantly, both platforms support real-time quote watchlists and automatically save chart drawings.
In terms of user ratings and rankings, FxPro's mobile trading app scores slightly higher with 4.5 stars, compared to RoboForex's 4 stars. ForexBrokers.com ranks FxPro at 15th place out of 63 brokers in the Mobile Trading Apps category, while RoboForex holds the 43rd spot. This comparison highlights FxPro's stronger performance in terms of features and user satisfaction, offering a more comprehensive mobile trading experience than RoboForex.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 the market research offerings of online brokers FxPro and RoboForex, both provide daily market commentary to keep traders informed about the day's events. They also deliver forex news from reputable sources like Bloomberg, Reuters, and Dow Jones, ensuring access to relevant updates. While neither broker offers tools from Autochartist, they both utilize Trading Central to provide technical analytics. A key distinction is FxPro's sentiment tool, which helps traders understand market positions, unlike RoboForex.
RoboForex stands out by offering tools from Acuity Trading, such as Signal Centre, which FxPro does not provide. Both brokers supply an economic calendar to track global news events. When it comes to research ratings, FxPro leads with a 4-star rating compared to RoboForex's 3.5 stars. In ForexBrokers.com's rankings, FxPro is positioned at #26 among 63 brokers for research, while RoboForex holds the #37 spot, highlighting FxPro's edge in this category.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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, FxPro offers a more comprehensive approach compared to RoboForex. FxPro provides more than ten educational articles and videos focused mainly on forex and CFDs, while RoboForex falls short in this area. Additionally, FxPro features a searchable archive of recorded client webinars, helping newcomers revisit and learn from previous sessions at their convenience. RoboForex, on the other hand, does not offer any searchable webinar archives, which might be a drawback for those who prefer flexible learning options.
Moreover, FxPro stands out by offering over ten beginner-friendly educational videos specifically designed to help new traders get started, whereas RoboForex doesn't provide the same level of beginner-focused video content. FxPro also supplies an investor dictionary with definitions for over 50 investing terms, a useful tool for building foundational knowledge. Despite both platforms not offering monthly webinars or advanced educational videos, FxPro's more extensive range of beginner-focused materials and resources earns it a higher rating of 4 stars for education, compared to RoboForex’s 3.5 stars. This difference in educational offerings is reflected in their rankings, with FxPro being placed at 18th out of 63 brokers by ForexBrokers.com in the education category, far ahead of RoboForex's rank at 56th.
| Feature |
FxPro
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 FxPro is better than RoboForex. FxPro finished with an overall rank of #21, while RoboForex finished with an overall rank of #46.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 73 |
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While both FxPro and RoboForex do not offer the option to buy actual delivered cryptocurrency, they each provide the ability to trade cryptocurrency derivatives, catering to investors seeking exposure to digital assets without owning them directly.
FxPro and RoboForex both provide a wide range of fund deposit and withdrawal options including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | FxPro | RoboForex | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | FxPro Review | RoboForex Review |
| Broker Screenshots | FxPro | RoboForex | |
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| Regulation | FxPro | RoboForex | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 2006 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | 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 | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | RoboForex | |
|---|---|---|---|
| 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) | 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) | FxPro | 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 | FxPro | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 8400 | |
| Forex Pairs (Total) | 70 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FxPro | 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 | FxPro | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | 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 | FxPro Review | RoboForex Review |
| Overall | FxPro | RoboForex | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | FxPro Review | RoboForex Review |
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