Written by ForexBrokers.com
In this head to head comparison of RoboForex vs IronFX, 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 IronFX are online brokers established in 2009 and 2010, respectively. Neither company is publicly traded or operates as a bank. When it comes to regulatory standing, RoboForex holds one Tier-1 license, which is considered highly trusted, and has a Trust Score of 73, indicating an average risk as per ForexBrokers.com. In contrast, IronFX holds three Tier-1 licenses, placing it among more highly trusted brokers with a ForexBrokers.com Trust Score of 83, categorizing it as a trusted firm.
Both brokers provide services in the complex world of online trading, where regulatory assurances can offer peace of mind. RoboForex's single Tier-1 license and medium-range Trust Score suggest a balanced approach, while IronFX's stronger regulatory credentials and higher Trust Score can appeal more to clients seeking in-depth regulatory backing. Choosing between these brokers could depend on the level of trust and security a trader feels comfortable with in the trading environment.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, RoboForex presents average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which are considered relatively high. Rated at 3.5 stars and ranked 55th out of 63 brokers in this category by ForexBrokers.com, RoboForex offers competitive services, but there is room for improvement in reducing spread costs for traders who are sensitive to fees.
IronFX, on the other hand, lists a typical spread of 1.8 pips for their Standard variable spread account, yet the company lacks clarity on the time frame and the variation of spreads across different account types. The zero fixed-spread account charges $18 per lot as a commission, with overnight spreads widening to 3 pips. IronFX earns a slightly better rating of 4 stars, placing it 46th out of 63 brokers according to ForexBrokers.com. This indicates a slight edge over RoboForex in terms of fee structure, although there is still room for enhancement in competitive pricing.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.3 | 1.2 |
| 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.
When comparing RoboForex and IronFX for their range of investments, both brokers offer forex trading through CFDs or spot contracts. RoboForex stands out with a larger number of tradeable symbols, offering an impressive 8,400 compared to IronFX's 340 symbols. Despite IronFX providing more tradeable forex pairs—83 compared to RoboForex's 28—RoboForex's overall investment options still rate higher. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, but both offer copy trading and the opportunity to buy cryptocurrency derivatives, not the actual cryptocurrency.
In terms of ratings and rankings, RoboForex outshines IronFX with a 4.5-star rating for its range of investments, placing it at the 20th spot out of 63 brokers as ranked by ForexBrokers.com. IronFX, while still a viable option, trails with a 3.5-star rating and is ranked 51st. For investors seeking diverse investment opportunities, RoboForex emerges as a more expansive choice overall, albeit with fewer forex pairs than IronFX.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 340 |
| Forex Pairs (Total) | 28 | 83 |
| 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.
RoboForex and IronFX cater to traders seeking versatile platforms and a variety of trading tools. Both brokers offer free virtual demo accounts, enabling users to practice trading strategies without financial risk. Users of either service can access web-based and Windows-based desktop platforms, embracing reliable use through MetaTrader 4 (MT4). While RoboForex also supports MetaTrader 5 (MT5), IronFX currently does not offer this option. Both brokers facilitate direct trading from stock charts and provide similar functionality with 15 drawing tools available for charting. They also support copy trading to allow traders to emulate strategies from top performers.
When it comes to customizing watch lists, both RoboForex and IronFX offer the same number of columns, providing seven fields for personalization. However, RoboForex is slightly ahead in rankings, earning 4 stars versus IronFX's 3.5 stars in the trading platforms and tools category. This better rating reflects its position at number 43 out of 63 brokers according to ForexBrokers.com, compared to IronFX which ranks at 61. While neither platform offers ZuluTrade or DupliTrade, RoboForex stands out with a broader range and higher rating for their trading platform capabilities.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 deciding between the mobile trading apps of RoboForex and IronFX, both brokers have ensured availability on iPhone and Android platforms, providing basic conveniences for traders on the go. Users can receive real-time stock or forex price alerts on both apps. While neither platform offers watchlist symbol syncing, they both allow watchlist creation with real-time quotes. Charting capabilities are quite extensive on both, with 30 technical studies available and the ability to draw trendlines and view multiple time frames. Furthermore, any chart drawings made are auto-saved for ease of use.
Despite their similarities, some distinctions emerge in user ratings and rankings. RoboForex edges out with a slightly higher mobile app rating of 4 stars compared to IronFX's 3.5 stars. Additionally, according to a ForexBrokers.com ranking, RoboForex is positioned at #43 out of 63 brokers for their mobile trading app, while IronFX comes in at #62. These differences might influence traders seeking a more favorably reviewed mobile experience.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of RoboForex and IronFX, both brokers present a variety of tools and resources for traders. Both offer daily market commentary and up-to-date forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed. They also provide access to tools from Trading Central, which can aid in technical analytics. However, neither broker offers technical resources from Autochartist or sentiment-based trading tools that showcase the ratio of long to short positions across various currencies. Additionally, both brokers fall short in providing market research features from TipRanks.
RoboForex distinguishes itself by offering research tools from Acuity Trading, such as the Signal Centre, which IronFX does not provide. Both brokers feature economic calendars to keep traders updated on global news events. In terms of ratings, RoboForex receives a 3.5-star rating for research, ranking #37 out of 63 brokers on ForexBrokers.com, while IronFX earns a slightly higher 4-star rating, placing it at #28 in the same category. This suggests that, although both brokers offer comprehensive research tools, IronFX might be the preferred choice for those prioritizing research features.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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, IronFX clearly outshines RoboForex. IronFX provides a wealth of knowledge with over ten educational pieces focusing on forex and CFDs, something RoboForex lacks entirely. Moreover, IronFX offers a searchable archive of past client webinars, allowing newcomers to learn at their own pace, which is not an option at RoboForex.
For those looking for beginner-friendly trading videos, IronFX again proves to be the better choice, offering more than ten videos specifically designed for novices. In contrast, RoboForex doesn't provide a comparable offering. IronFX also includes an investor dictionary with over fifty terms, giving new traders a more comprehensive understanding of investing terminology, a feature absent from RoboForex. Overall, with higher ratings in education and a better standing among brokers, IronFX provides a more accessible and beneficial learning experience for new traders compared to RoboForex.
| Feature |
RoboForex
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| 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 IronFX. RoboForex finished with an overall rank of #46, while IronFX finished with an overall rank of #48.
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
|
IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 83 |
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Both RoboForex and IronFX provide opportunities to trade cryptocurrency derivatives rather than actual cryptocurrency, with neither platform offering the ability to purchase delivered cryptocurrency.
RoboForex provides a more diverse range of deposit and withdrawal options compared to IronFX, including ACH, SEPA transfers, and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires, where both brokers align.
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 | IronFX | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | IronFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | RoboForex | IronFX | |
|---|---|---|---|
| Trust Score | 73 | 83 | |
| Year Founded | 2009 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 340 | |
| Forex Pairs (Total) | 28 | 83 | |
| 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | RoboForex | IronFX | |
|---|---|---|---|
| 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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