Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and RoboForex both offer online trading services but differ substantially in their level of trust and regulatory credentials. Founded in 2008, Plus500 is a publicly traded company that distinguishes itself with a Trust Score of 99 out of 99 from ForexBrokers.com. The platform holds six Tier-1 licenses and three Tier-2 licenses, reflecting its highly trusted reputation. In contrast, RoboForex, founded in 2009, is not publicly traded and holds one Tier-1 license with no Tier-2 licenses. Its Trust Score is 73, placing it in the average risk category according to ForexBrokers.com.
Both companies operate as non-banking entities, yet the disparity in their regulatory standings is stark. Plus500's comprehensive regulatory coverage and top-tier Trust Score make it a highly secure choice for traders. Meanwhile, RoboForex has a more modest regulatory presence, providing fewer assurances in comparison. Therefore, prospective investors and traders should weigh these differences in trust and regulation when considering which platform better suits their needs.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Year Founded | 2008 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees between Plus500 and RoboForex, Plus500 stands out with a 4.0-star rating and ranks at #25 out of 63 brokers according to ForexBrokers.com. Although Plus500's pricing is slightly above the industry average, its spreads for the EUR/USD averaged 1.5 pips as of April 2024. It doesn't offer discounts to retail clients but does provide cash rebates if you meet the criteria as a Professional client, similar to an active trader program.
In contrast, RoboForex received a 3.5-star rating for its commissions and fees, placing it at #55 among 63 brokers. The broker's Procent and Pro accounts showcase relatively higher spreads, averaging 1.3 pips for EUR/USD. Despite lower fees compared to Plus500, RoboForex's pricing structure is still considered high relative to industry standards.
Overall, while both brokers offer competitive services, Plus500 edges out RoboForex in terms of rankings and star ratings, though it does come with higher costs for its services. Clients seeking potential rebates through Professional client status might find Plus500 more aligned with their trading needs.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | 1.3 |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
When considering the range of investments offered by Plus500 and RoboForex, both platforms provide forex trading through CFDs or spot contracts. Plus500 offers a broader selection of tradable symbols, featuring 5,500 options including 65 forex pairs, compared to RoboForex's 8,400 tradable symbols with 28 forex pairs. Additionally, Plus500 allows you to trade exchange-traded securities on U.S. and international exchanges, providing opportunities to invest in shares like Apple and Vodafone, a feature that RoboForex does not offer.
On the other hand, RoboForex supports copy trading, which can be an attractive option for investors looking to replicate the strategies of successful traders, a feature not available with Plus500. Both brokers enable the purchase of cryptocurrency derivatives but do not offer the purchase of actual cryptocurrencies. With both platforms rated 4.5 stars for their range of investments, they each have unique strengths: Plus500 ranks #24 and RoboForex ranks slightly higher at #20 according to ForexBrokers.com.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 8400 |
| Forex Pairs (Total) | 65 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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.
In comparing trading platforms and tools between Plus500 and RoboForex, several key distinctions stand out. Both brokers provide free virtual demo accounts, granting users a safe environment to practice trading strategies. Plus500 takes pride in its proprietary web-based platform, an exclusive tool developed in-house, targeting user-friendly online experiences, although it lacks a desktop download option. On the other hand, RoboForex integrates the widely-used MetaTrader 4 and 5 platforms, alongside offering a downloadable Windows-based desktop platform, enhancing flexibility for those accustomed to traditional software.
Charting features vary notably between these two brokers. Plus500 offers an impressive array of 36 drawing tools for comprehensive analysis, surpassing RoboForex's 15 tools. However, RoboForex facilitates direct trading from stock charts and includes copy trading capabilities, which Plus500 does not provide. In terms of watch list customization, Plus500 leads with 10 columns, benefitting traders who enjoy detailed views. Overall, Plus500 shines with a rating of 4.5 stars for its trading platform and tools, ranking 14th out of 63 brokers, while RoboForex holds a commendable 4-star rating, positioned at 43rd place.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and RoboForex both offer mobile trading apps for iPhone and Android users, providing essential tools for on-the-go investors. Both apps support price alerts, multiple time frames for charts, and the ability to draw trendlines. While they both allow you to create watchlists with real-time quotes, Plus500 stands out by offering syncing capabilities between its mobile app and online account, unlike RoboForex. This means that any changes made to your watchlist in the Plus500 app are automatically updated on your online account, streamlining your trading experience.
When it comes to charting features, Plus500 offers a more comprehensive set of tools, with 115 technical studies compared to RoboForex's 30. However, RoboForex has the edge with the automatic saving of chart drawings, a feature not offered by Plus500. In terms of user satisfaction, Plus500 has a higher rating of 4.5 stars versus RoboForex's 4 stars. Additionally, Plus500 ranks significantly higher on ForexBrokers.com's list of brokers for mobile trading apps, coming in at 14th place, while RoboForex ranks 43rd. Whether you are a beginner or a seasoned trader, Plus500 appears to provide a more feature-rich experience for mobile trading.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Plus500 and RoboForex offer impressive daily market commentary. However, if you're looking for top-tier forex news sources like Bloomberg and Reuters, RoboForex takes the edge as Plus500 does not provide such options. Yet, both brokers integrate valuable tools from Trading Central, which helps traders with essential technical analytics. An advantage Plus500 offers is its sentiment-based trading tool, showing trader positions across different instruments, a feature RoboForex lacks.
Both brokers offer an economic calendar, keeping traders informed of key global events. Still, RoboForex stands out by providing research tools from Acuity Trading, which Plus500 does not. In terms of overall research rating, Plus500 scores higher with 4 out of 5 stars compared to RoboForex's 3.5 stars. According to ForexBrokers.com, Plus500 holds a higher rank, positioned at #19, while RoboForex is at #37, among 63 brokers analyzed. This indicates Plus500's slightly superior standing in research offerings.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, Plus500 stands out more prominently than RoboForex. Plus500 provides a wide range of learning materials with at least ten educational pieces centered around forex and CFDs. Additionally, they offer monthly webinars, ensuring beginners can engage with live learning sessions. Moreover, Plus500 maintains a searchable archive of recorded webinars, providing easy access to past content. To help beginners get started, Plus500 also provides over ten introductory videos focused on trading topics. For traders looking to expand their knowledge further, Plus500 delivers advanced educational videos as well.
On the other hand, RoboForex lags in educational offerings aimed at beginners. It does not meet the ten-piece threshold for comprehensive forex or CFDs education and does not offer regular webinars or an archive for past sessions. Additionally, RoboForex does not provide the same volume of beginner or advanced trading videos as Plus500. While neither broker provides an investor dictionary with definitions of investment terms, Plus500's educational resources have earned it a higher education rating of 4.0 stars compared to RoboForex's 3.5 stars. Consequently, Plus500 is ranked higher than RoboForex by ForexBrokers.com for education, placing #31 out of 63 brokers, whereas RoboForex is ranked at #56.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 Plus500 is better than RoboForex. Plus500 finished with an overall rank of #14, while RoboForex finished with an overall rank of #46.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both Plus500 and RoboForex do not allow the purchase of actual (delivered) cryptocurrency but do offer the ability to buy cryptocurrency derivatives, providing traders with alternative investment opportunities.
When comparing online brokers Plus500 and RoboForex, both platforms support PayPal, Skrill, Visa/Mastercard, and bank wire transactions for depositing and withdrawing account funds, but RoboForex additionally provides ACH and SEPA transfers, an option not available with Plus500.
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 | Plus500 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Plus500 Review | RoboForex Review |
| Broker Screenshots | Plus500 | RoboForex | |
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| Regulation | Plus500 | RoboForex | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 2008 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 8400 | |
| Forex Pairs (Total) | 65 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | RoboForex | |
|---|---|---|---|
| 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 | No | Yes |
| Trading Platforms | Plus500 | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | RoboForex Review |
| Overall | Plus500 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Plus500 Review | RoboForex Review |
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