Written by ForexBrokers.com
In this head to head comparison of RoboForex vs iFOREX, 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 considering online brokers, RoboForex and iFOREX both offer trading services with unique features and regulatory standings. Founded in 2009, RoboForex provides traders with a secure platform backed by a Tier-1 license, aligning with a Trust Score of 73 from ForexBrokers.com, indicating an average level of risk. Although not publicly traded or a banking institution, RoboForex's reputation has been built on these solid foundations over the years.
On the other hand, iFOREX, established in 1996, presents a slightly more favorable risk profile with a Trust Score of 75. Similar to RoboForex, iFOREX is not publicly traded and does not operate as a bank, and also holds a single Tier-1 license, highlighting its commitment to offering trusted services. Both brokers provide dependable trading environments, though potential users may lean towards iFOREX based on its marginally higher trust rating.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Year Founded | 2009 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
RoboForex and iFOREX both provide online trading services, but they differ significantly in how they handle commissions and fees. RoboForex averages a relatively high spread of 1.3 pips for EUR/USD on its Procent and Pro accounts. While this spread may not be the most competitive in the market, RoboForex holds a middle ground with a rating of 3.5 stars out of 5 for its commissions and fees. In a comparison of 63 brokers by ForexBrokers.com, RoboForex is ranked at #55 in this category, indicating room for improvement.
In contrast, iFOREX does not provide specific average spread data, leaving some potential traders in the dark regarding their fee structures during trading. This lack of transparency might cause hesitation among prospective clients who prioritize knowing the cost of trading upfront. iFOREX's commission and fee structure have earned it a modest rating of 3 stars out of 5. Among the 63 brokers reviewed by ForexBrokers.com, iFOREX ranks even lower at #61, shedding light on its competitive disadvantage in this aspect.
When considering trading platforms based on commissions and fees, both RoboForex and iFOREX present limitations and strengths. RoboForex's detailed average spread information offers a clearer picture for traders, even if the spreads themselves are on the higher side. On the other hand, iFOREX's opaqueness regarding average spreads can deter traders who prefer cost transparency. Ultimately, traders will need to weigh these factors carefully to make the best choice according to their trading needs and priorities.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| 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 the range of investments available at RoboForex and iFOREX, there are several key differences to consider. RoboForex provides an extensive selection with 8,400 tradeable symbols, allowing clients to explore a diverse array of markets. While it offers 28 tradeable forex pairs as CFDs, it does not support exchange-traded securities on U.S. or international exchanges. In contrast, iFOREX offers 750 tradeable symbols, including a larger variety of forex pairs with 88 options available as CFDs. However, much like RoboForex, iFOREX does not provide access to exchange-traded securities on any exchanges. Both platforms allow trading of cryptocurrency derivatives, but neither supports the purchase of actual cryptocurrencies. RoboForex also stands out by offering copy trading services, a feature absent in iFOREX.
Overall, in terms of range of investments, RoboForex earns a higher rating from ForexBrokers.com with 4.5 stars, compared to iFOREX's 3.5 stars. This is reflected in their rankings, with RoboForex securing the 20th spot out of 63 brokers, while iFOREX ranks at 41. These ratings and rankings indicate that RoboForex provides a broader variety of investment opportunities, making it more appealing for traders looking for a wider selection of tradeable assets.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 750 |
| Forex Pairs (Total) | 28 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 choosing between RoboForex and iFOREX for your trading activities, it's crucial to consider the various tools and platforms each broker offers. RoboForex provides a versatile trading experience with both Windows-based and web-based platforms, alongside popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It also supports copy trading and offers a free virtual demo account for those starting out or looking to practice without financial risk. In contrast, iFOREX relies on its proprietary web-based platform, opting out of offering a downloadable desktop option or popular platforms like MT4 and MT5. However, despite lacking a demo account or copy trading features, iFOREX stands out with a wider range of drawing tools for charting.
Both brokers allow traders to interact directly from stock charts and provide comprehensive features to manage watch lists with multiple columns. While iFOREX boasts more columns for watchlists and a greater array of drawing tools, RoboForex balances this with a broader selection of trading platforms and copy trading capabilities. Rated four stars for their trading platforms and tools, both brokers serve different preferences and styles in trading. When compared in the ForexBrokers.com rankings, RoboForex outranks iFOREX, securing the 43rd position, whereas iFOREX is positioned at 54th, reflecting a slight edge in the overall assessment of trading platforms and tools offered.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
RoboForex and iFOREX both provide mobile trading apps compatible with iPhone and Android devices, making trading accessible on the go. RoboForex shines by offering a series of features designed to enhance the trading experience. Users can receive stock and forex price alerts, and the app includes 30 technical studies for in-depth chart analysis. Additionally, RoboForex's app allows traders to draw trendlines on charts, view multiple time frames, and auto-save these drawings for future reference. These features contribute to its efficient and user-friendly mobile experience, earning it a solid 4-star rating.
iFOREX also offers a mobile app that caters to iPhone and Android users, although it trails behind RoboForex in several aspects. It does not support stock or forex price alerts, nor does it offer the ability to draw trendlines or save drawings on charts. Moreover, the app lacks the functionality to view different time frames or create watchlists with real-time quotes. Despite these limitations, iFOREX matches RoboForex's 4-star rating, although it ranks lower at 55th place compared to RoboForex's 43rd place out of 63 brokers, according to ForexBrokers.com.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing RoboForex to iFOREX in terms of market research, both providers offer daily market commentary, ensuring that traders have regular updates on financial trends. However, RoboForex shines by providing forex news sourced from top-tier platforms like Bloomberg and Reuters, which iFOREX does not. Both brokers support traders with the help of Trading Central's technical analysis tools, but only iFOREX offers a sentiment-based trading tool, providing insight into the market's long and short positions. RoboForex, on the other hand, gives traders an edge with research tools from Acuity Trading, although both brokers lack the support of TipRanks for deeper market insights.
For those looking to stay informed about the economic landscape, both RoboForex and iFOREX provide economic calendars showcasing global news events. Despite their respective strengths, RoboForex and iFOREX are both rated at 3.5 stars for research, according to ForexBrokers.com. However, RoboForex holds a slightly higher rank, placing at #37 out of 63 brokers, while iFOREX stands at #48. This makes RoboForex a slightly more favored option in terms of market research resources among the broader trading community.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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 it comes to educational resources aimed at beginners, both RoboForex and iFOREX exhibit limited offerings. RoboForex does not provide a minimum of 10 educational materials specifically focused on forex or CFDs, nor do they offer regular webinars, a searchable archive of recorded webinars, or a comprehensive investor dictionary. Similarly, iFOREX lacks a broad selection of foundational educational materials, ongoing client webinars, and a defined investor dictionary. However, iFOREX does stand out slightly by offering more than 10 beginner-focused educational videos, which is an advantage for new traders looking for video-based learning.
In terms of educational ratings, both platforms receive an equal score of 3.5 out of 5 stars and are comparably ranked among their peers. RoboForex holds the 56th place, and iFOREX ranks slightly better at 53rd in the education category according to ForexBrokers.com. This indicates a moderate but not exceptional level of educational content available to users on both platforms, with iFOREX having a slight edge in certain areas of beginner education.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. RoboForex finished with an overall rank of #46, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 75 |
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Both RoboForex and iFOREX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
When comparing online brokers RoboForex and iFOREX on their deposit and withdrawal options, RoboForex stands out by offering ACH and SEPA transfers, in addition to PayPal, Skrill, Visa, Mastercard, and bank wires, whereas iFOREX provides options like PayPal, Skrill, Visa, Mastercard, and bank wires, but does not support 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 | RoboForex | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | iFOREX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | RoboForex | iFOREX | |
|---|---|---|---|
| Trust Score | 73 | 75 | |
| Year Founded | 2009 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 750 | |
| Forex Pairs (Total) | 28 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | No |
| Trading Platforms | RoboForex | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | RoboForex | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | RoboForex | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | RoboForex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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