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 comparing RoboForex and IronFX in terms of commissions and fees, traders will notice some significant differences. RoboForex offers average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which is considered high. This suggests that while using RoboForex, traders might encounter slightly elevated costs compared to other options. The broker is rated 3.5 stars for commissions and fees, ranking 54th out of 62 brokers by ForexBrokers.com.
On the other hand, IronFX reveals opportunities for improvement in their pricing, displaying spreads higher than the industry average. For their Standard variable spread account, IronFX lists a typical spread of 1.8 pips. It's important to know that spreads vary across different account types. For example, their zero fixed-spread account starts at a spread of zero but includes an $18 per lot commission, with spreads widening to 3 pips overnight. Despite these factors, IronFX garners a solid 4-star rating for commissions and fees and ranks 47th out of 62 brokers, providing a slightly better position than RoboForex in the rankings.
| 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.
RoboForex and IronFX both provide a platform for forex trading through CFDs or spot contracts. RoboForex boasts an extensive array of 8,400 tradeable symbols, offering a wide selection for investors. In stark contrast, IronFX features a more modest catalog with 340 tradeable symbols. When it comes to forex pairs, IronFX takes the lead with 83 options available compared to RoboForex’s 28 pairs. Both brokers do not provide direct access to exchange-traded securities on U.S. or international exchanges; hence, clients cannot purchase stocks like Apple or Vodafone shares directly.
For those interested in crypto, both brokers offer the chance to trade cryptocurrency derivatives but not the actual cryptocurrencies themselves. Additionally, RoboForex and IronFX support copy trading functionalities for traders interested in mimicking successful trading strategies. However, when assessing the range of investments, RoboForex earns a higher rating with 4.5 stars and is ranked 20th out of 62 brokers by ForexBrokers.com, whereas IronFX receives 3.5 stars and is positioned at 51st place.
| 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.
Both RoboForex and IronFX cater to traders with a variety of platforms and tools, making them suitable choices for different trading needs. Both brokers offer free virtual demo accounts, which is ideal for beginners looking to practice their trading strategies without financial risk. While neither offers a proprietary platform, they both support MetaTrader 4 (MT4). RoboForex has the additional advantage of offering MetaTrader 5 (MT5), providing traders with advanced market analysis tools. Both brokers have Windows-based desktop download and web-based browser platforms available, which adds flexibility for their users.
When it comes to trading tools, both RoboForex and IronFX support copy trading, appealing to those who prefer to mirror successful professionals’ strategies. Each broker provides traders with the capability to execute trades directly from stock charts and offers 15 drawing tools for charting, allowing for comprehensive market analysis. Despite many similarities, RoboForex edges out with a slightly higher rating of 4 stars for Trading Platforms and Tools compared to IronFX's 3.5 stars. It's also ranked higher by ForexBrokers.com, coming in at #43 out of 62, while IronFX is placed at #60, making RoboForex a more favored choice for those emphasizing trading tools and 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 comparing the mobile trading apps of RoboForex and IronFX, both brokers provide apps compatible with iPhone and Android devices. Users can expect features such as stock or forex price alerts and extensive charting capabilities, with each app offering 30 technical studies. The mobile platforms for both brokers enable trendline drawing and support various time frames, including daily, weekly, and intraday views. Additionally, users can create watchlists with real-time quotes and benefit from automatic saving of chart drawings, enhancing the trading experience.
However, neither RoboForex nor IronFX offer watchlist symbol syncing, meaning changes made don't automatically update across mobile and online accounts. In terms of user satisfaction, RoboForex fares slightly better with a 4-star rating for its mobile trading app compared to IronFX's 3.5 stars. This difference may be reflected in their rankings by ForexBrokers.com, where RoboForex occupies the 43rd position out of 62 brokers, while IronFX comes in at 61st. Whether you opt for RoboForex or IronFX, both offer reliable mobile platforms tailored to meet the fundamental needs of traders.
| 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.
Both RoboForex and IronFX provide traders with daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. For traders interested in technical analysis tools, RoboForex and IronFX supply options from Trading Central but do not offer tools from Autochartist. Neither broker provides sentiment-based trading tools or market research from TipRanks. However, RoboForex offers additional research tools from Acuity Trading, such as Signal Centre, which IronFX does not include.
When it comes to user-friendly features like an economic calendar, both RoboForex and IronFX deliver solid options, displaying current and forthcoming global news events. IronFX edges out RoboForex with a better research rating of 4 stars compared to RoboForex’s 3.5 stars. Additionally, IronFX ranks higher in overall research capabilities at #28 among 62 brokers on ForexBrokers.com, while RoboForex stands at #37. This indicates IronFX’s slightly stronger position in the research domain, making it a favorable choice for those emphasizing comprehensive research tools.
| 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 offers more extensive support compared to RoboForex. IronFX provides over 10 educational pieces focusing on forex or CFDs, including articles, videos, and archived webinars, catering to new traders seeking foundational knowledge. Additionally, IronFX maintains a searchable archive of past webinars, enabling newcomers to learn at their own pace. However, neither broker offers monthly live webinars, and advanced educational content remains limited for both, with no broker providing at least 10 advanced videos for experienced traders.
Moreover, IronFX supports beginners with a comprehensive investor dictionary featuring over 50 investing terms, while RoboForex lacks this resource. In terms of overall ratings for educational offerings, IronFX earns a solid 4-star rating, outperforming RoboForex, which is rated at 3.5 stars. Consequently, in the ForexBrokers.com education rankings, RoboForex trails behind at position #56, while IronFX holds a better rank at #44 among the 62 brokers evaluated.
| 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 62 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
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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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