Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
When comparing Spreadex and RoboForex, it's essential to consider their regulatory standings and trustworthiness as assessed by ForexBrokers.com. Spreadex, established in 1999, holds one Tier-1 license, which is a mark of high trust, and has a Trust Score of 71, categorizing it as average risk. Meanwhile, RoboForex was founded in 2009 and also possesses one Tier-1 license with a slightly higher Trust Score of 73, placing it in the same average risk category. Neither broker is publicly traded or operates as a bank.
Both brokers are similarly positioned in terms of regulatory compliance with no additional Tier-2 licenses that could further establish trust. Although RoboForex has a marginal edge in its Trust Score, both platforms should be considered with common caution when selecting a broker given their scores. Overall, their respective standing reflects a modest level of trust for traders seeking reliable online brokerage services.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the fees of Spreadex and RoboForex, Spreadex offers competitive conditions. Spreadex had average spreads of 0.81 pips for the EUR/USD pair in January 2024, with an impressive 60% of trades achieving a minimum spread of 0.6 pips. This cost-effective pricing has earned Spreadex a commendable 4-star rating in the commissions and fees category, placing it at a solid #27 out of 63 brokers ranked by ForexBrokers.com.
RoboForex, on the other hand, presents average spreads of 1.3 pips on its Procent and Pro accounts for the EUR/USD, which are considered higher compared to many competitors. This has impacted its overall competitiveness, resulting in a 3.5-star rating for commissions and fees. Consequently, RoboForex is ranked at #55 among 63 brokers in the same assessment by ForexBrokers.com.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and RoboForex are popular choices for online trading, each offering a varied selection of investment opportunities. Spreadex offers traders access to an impressive 10,000 tradeable symbols, including 52 forex pairs available as CFDs, making it a robust option for forex traders. In contrast, RoboForex provides 8,400 tradeable symbols and 28 forex pairs, also available as CFDs. While neither platform allows investment in exchange-traded securities on U.S. or international exchanges, they both provide opportunities for trading cryptocurrency derivatives but do not support buying actual cryptocurrency.
Despite the differences in their range of investments, both brokers have their unique strengths. Spreadex is highly rated with five stars for its diverse range of investments and ranks at #13 by ForexBrokers.com among 63 brokers. RoboForex offers the added advantage of copy trading, which could appeal to those interested in mirroring successful trading strategies, earning it a 4.5-star rating and a #20 ranking in the same category. Investors seeking extensive trading opportunities will find value in both platforms, depending on their specific needs and trading preferences.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 52 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). | 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.
Spreadex and RoboForex both offer paper trading, allowing users to practice their strategies with free virtual demo accounts. However, they differ significantly in the platforms they provide. Spreadex boasts a proprietary platform developed in-house, accessible via web browsers, whereas RoboForex supports the widely popular MetaTrader 4 and MetaTrader 5, available as Windows desktop downloads. While both brokers offer web-based platforms, RoboForex has an edge with its feature of copy trading, which Spreadex does not provide. Both firms allow traders to trade directly from stock charts, though Spreadex provides slightly more columns for watch lists compared to RoboForex.
In terms of charting tools, both brokers are well-equipped, but RoboForex offers more drawing tools, totaling 15 compared to Spreadex’s 11. Despite these platform differences, both brokers share a similar performance rating of 4 stars for their trading platforms and tools. When ranked among 63 brokers by ForexBrokers.com, RoboForex is positioned slightly higher at #43, while Spreadex ranks at #46, indicating that RoboForex may appeal more to users valuing advanced MetaTrader platforms and a broader set of technical tools.
| Feature |
Spreadex
|
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) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and RoboForex provide mobile apps for iPhone and Android users, catering to the needs of traders on the go. These apps allow each broker's customers to receive stock and forex price alerts, ensuring that users remain informed of market movements anytime, anywhere. While neither Spreadex nor RoboForex supports the syncing of watchlist symbols between their mobile apps and online accounts, both feature tools that allow users to create watchlists with real-time quotes and to draw trendlines on stock or forex charts. Although Spreadex doesn't disclose the number of technical studies available in its mobile app's charting, RoboForex offers 30 different studies and even supports the auto-saving of chart drawings, a feature not available with Spreadex.
Analyzing other features, both apps provide the ability to view charts across multiple time frames, such as daily, weekly, or intraday views, helping traders analyze market trends comprehensively. In terms of user ratings, both brokers' apps receive a commendable 4 out of 5 stars. Nonetheless, their ranks differ slightly according to ForexBrokers.com—Spreadex lands at #46 while RoboForex is slightly ahead at #43 out of 63 brokers. For those prioritizing advanced charting features like technical studies and auto-saving, RoboForex might have a slight edge. Conversely, users of Spreadex highly praise its app for other solid offerings and seamless experience.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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.
Spreadex and RoboForex both provide a suite of market research features that can appeal to online traders. They both offer daily market commentary and deliver forex news from renowned sources like Bloomberg and Reuters. When it comes to technical analysis tools, Spreadex incorporates resources from Autochartist, setting it apart from RoboForex, which does not. However, RoboForex compensates by offering tools from Trading Central, which Spreadex does not include. Spreadex also provides a sentiment-based trading tool, offering insights on market positions, a feature RoboForex lacks. Additionally, both platforms maintain an economic calendar to keep users informed about key global economic events.
While both brokers are well-equipped with market data offerings, there are distinct differences in their tool selection and ratings. Spreadex earns a higher research rating of 4 stars, compared to RoboForex’s 3.5 stars, and ranks 31st out of 63 brokers on ForexBrokers.com for research, surpassing RoboForex’s 37th position. Despite RoboForex featuring unique tools from Acuity Trading, such as Signal Centre, Spreadex’s broader array of research features and higher market position might appeal more to traders seeking comprehensive analysis and insights.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 comparing the educational resources available for beginners between Spreadex and RoboForex, it's clear that Spreadex takes the lead. Spreadex provides a wealth of materials aimed at helping novices find their footing in the forex and CFDs market. The platform offers a minimum of ten educational items focusing on forex or CFDs, which include articles, videos, and other educational content. Although they do not have monthly webinars or archives of previously recorded sessions, Spreadex makes up for it by offering at least ten beginner-friendly videos and a comprehensive investor dictionary that explains over fifty investing terms. With these resources, beginners can conveniently learn at their own pace.
In contrast, RoboForex falls short in providing similar educational support for beginners. They do not meet the ten-item threshold for educational materials on forex or CFDs, nor do they offer beginner-oriented videos or a detailed investor dictionary. Without these fundamental learning tools, novices might find it challenging to get started or advance their trading knowledge. Consequently, RoboForex receives a slightly lower education rating of 3.5 stars compared to Spreadex's 4 stars and is ranked lower in the education category by ForexBrokers.com, being placed at #56 compared to Spreadex's #45 out of 63 brokers.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than RoboForex. Spreadex finished with an overall rank of #39, while RoboForex finished with an overall rank of #46.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 73 |
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Both Spreadex and RoboForex do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade in cryptocurrency derivatives.
Spreadex and RoboForex differ in their deposit and withdrawal options, as Spreadex supports Visa, Mastercard, and bank wires but not ACH, SEPA, PayPal, or Skrill, while RoboForex offers a broader range of options, including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | Spreadex | RoboForex | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | RoboForex Review |
| Broker Screenshots | Spreadex | RoboForex | |
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| Regulation | Spreadex | RoboForex | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | RoboForex | |
|---|---|---|---|
| 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 52 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | RoboForex Review |
| Overall | Spreadex | RoboForex | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | RoboForex Review |
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