OANDA vs RoboForex (RoboMarkets) Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs RoboForex (RoboMarkets).
Does OANDA or RoboForex (RoboMarkets) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, OANDA
offers better pricing overall for traders.
Is OANDA or RoboForex (RoboMarkets) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 0. RoboForex (RoboMarkets) holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, OANDA earned a higher Trust Score than RoboForex (RoboMarkets).
Which trading platform is better: OANDA or RoboForex (RoboMarkets)?
To compare the trading platforms of both OANDA and RoboForex (RoboMarkets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both OANDA and RoboForex (RoboMarkets) offer MetaTrader 4 (MT4).OANDA and RoboForex (RoboMarkets) both offer copy trading.
How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to RoboForex (RoboMarkets)'s 36 available pairs. Forex pairs aside, RoboForex (RoboMarkets) offers traders access to 12000 CFDs while OANDA has 124 available CFDs, a difference of 11876.
Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
Can I trust RoboForex (RoboMarkets)?
RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust).
Is OANDA good?
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.
Is RoboForex (RoboMarkets) good?
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.
Overall winner: OANDA
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We review each brokerโs overall global offering โ a โYesโ 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.