Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, and RoboForex, founded in 2009, are online brokers that offer trading services without being publicly traded or operating as banks. OANDA stands out with a higher trust score of 93 according to ForexBrokers.com, reflecting its solid reputation in the trading community. This score is supported by its seven Tier-1 licenses, which are the most highly regarded licenses, indicating strong regulatory compliance and customer trust.
In comparison, RoboForex holds a Trust Score of 73, placing it at an average risk level. It is backed by one Tier-1 license, underscoring its commitment to following key regulatory standards, although it doesn't quite match OANDA in terms of perceived trust and security. Both brokers lack Tier-2 licenses, which are also considered trusted but less stringent. Overall, OANDA offers a higher level of assurance for traders concerned about regulation and trustworthiness.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When you compare commissions and fees, both OANDA and RoboForex land on the pricier side, but OANDA scores higher overall: 4 stars with a rank of #35 out of 63, versus RoboForex at 3.5 stars and #56 out of 63. On EUR/USD, OANDA’s standard, commission-free pricing averaged about 1.61 pips in July 2024, while RoboForex’s Pro and Procent accounts averaged about 1.3 pips—still considered high.
OANDA also offers a Core Pricing plan that trades a tighter spread for a commission. In a common scenario, the spread can be around 0.4 pips on EUR/USD plus a $5 per side commission per $100,000 traded (about $10 per round turn per standard lot), putting the all-in cost near 1.4 pips—slightly under OANDA’s 1.6-pip default. Core Pricing requires a $10,000 minimum deposit. OANDA further stands out with micro-sized trading down to 1 unit, an Elite Trader rebate program ($5–$17 per million in select regions), and ongoing—though trailing—published spread averages.
RoboForex’s headline costs are straightforward: average EUR/USD spreads of roughly 1.3 pips on Pro and Procent accounts, which remain on the high side. In short, OANDA’s Core Pricing and potential rebates can narrow the cost gap if you qualify, while RoboForex’s listed spread may look slightly lower in this snapshot. Both brokers, however, charge more than the cheapest alternatives for forex trading.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.69 | 1.3 |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | 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.
Comparing OANDA vs RoboForex for range of investments: both support forex trading as CFDs or spot (availability can vary by region). RoboForex lists more total tradeable symbols overall (8,400 vs 4,172), while OANDA offers more currency pairs (69 vs 28). Both brokers support copy trading.
For stocks and crypto, OANDA stands out by offering exchange-traded shares on U.S. and international markets, plus the ability to buy actual cryptocurrency and trade crypto derivatives. RoboForex doesn’t offer real stocks or delivered crypto, but does provide crypto derivatives. In ForexBrokers.com’s Range of Investments ratings, RoboForex scores 4.5 stars and ranks #21 out of 63, while OANDA scores 4 stars and ranks #28—so your pick may hinge on whether you prefer a bigger symbol list (RoboForex) or access to more forex pairs and real stocks and crypto (OANDA).
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 8400 |
| Forex Pairs (Total) | 69 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
Comparing OANDA vs RoboForex for trading platforms and tools: both brokers offer a free demo account for paper trading, web platforms, and Windows desktop software. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offers copy trading, and lets you trade directly from charts. A key difference is that OANDA provides its own proprietary platform built in-house, while RoboForex does not.
Both are rated 4 out of 5 stars for Trading Platforms and Tools. According to ForexBrokers.com, OANDA ranks #15 out of 63 brokers in this category, while RoboForex ranks #44. Choose OANDA if you want an in-house platform alongside MetaTrader; pick RoboForex if MetaTrader and copy trading cover your needs.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA vs RoboForex on mobile is close for core tools. Both brokers have iPhone and Android apps, real-time watchlists, and price alerts. Charting is evenly matched with 30 technical studies apiece, the ability to draw trendlines, switch among multiple time frames, and auto-save drawings. One gap to note: neither app syncs watchlist symbols with the web platform.
Where they differ is overall quality. OANDA’s mobile app is rated 5 stars and ranked #7 out of 63 brokers by ForexBrokers.com, while RoboForex earns 4 stars and ranks #44. In short, both deliver capable charting and alerts on the go, but OANDA has the edge for a more polished mobile experience. If synced watchlists are a must-have, however, neither app currently offers it.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| 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.
Comparing OANDA vs RoboForex for market research: both brokers publish daily market commentary, stream forex news from top sources like Bloomberg/Reuters/Dow Jones (or similar), and provide an economic calendar. Neither offers TipRanks.
The big differences are in research tools. OANDA includes Autochartist and a sentiment tool that shows the ratio of long vs. short positions, while RoboForex offers Trading Central and Acuity Trading (Signal Centre) instead. For overall research quality, OANDA earns 5 stars and ranks #4 out of 63 brokers at ForexBrokers.com, whereas RoboForex scores 3.5 stars and ranks #38. Choose OANDA if you value sentiment data and Autochartist; pick RoboForex if you prefer Trading Central insights and Acuity signals.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at OANDA vs RoboForex, OANDA is the more learner-friendly option. It hosts client webinars at least once a month and provides sizable video libraries for different skill levels, including at least ten beginner videos and at least ten advanced videos. RoboForex does not offer monthly educational webinars and does not meet the ten-video mark for beginner or advanced topics, so its learning path is more limited.
Independent reviews echo this difference. ForexBrokers.com rates OANDA 5 stars for Education and ranks it 19th out of 63 brokers, while RoboForex earns 3.5 stars and ranks 57th. If you want ongoing guidance through webinars and a deeper set of video lessons as you learn forex and CFDs, OANDA is likely the better fit. If you only need basic pointers and plan to learn elsewhere, RoboForex may be sufficient.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than RoboForex. OANDA finished with an overall rank of #12, while RoboForex finished with an overall rank of #46.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 73 |
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OANDA allows users to purchase both actual cryptocurrencies and cryptocurrency derivatives, while RoboForex only offers the option to buy cryptocurrency derivatives, not the actual cryptocurrencies themselves.
OANDA and RoboForex both offer multiple options for depositing and withdrawing account funds, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, providing flexibility and convenience for traders using either online broker.
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 | OANDA | RoboForex | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | OANDA Review | RoboForex Review |
| Broker Screenshots | OANDA | RoboForex | |
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| Broker Gallery (click to expand) |
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| Regulation | OANDA | RoboForex | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 8400 | |
| Forex Pairs (Total) | 69 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | OANDA | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.69 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | RoboForex | |
|---|---|---|---|
| Proprietary Desktop Trading 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 | No | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | OANDA | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | RoboForex | |
|---|---|---|---|
| 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 | OANDA | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | No | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | OANDA | 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 | OANDA Review | RoboForex Review |
| Overall | OANDA | RoboForex | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | OANDA Review | RoboForex Review |
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