Written by ForexBrokers.com
In this head to head comparison of RoboForex vs TopFX, 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 TopFX are both players in the online brokerage industry, with RoboForex founded in 2009 and TopFX following in 2010. Neither company is publicly traded nor operates as a bank. Both brokers hold one Tier-1 license, placing them under the category of average risk according to ForexBrokers.com. However, RoboForex and TopFX do not possess any Tier-2 licenses, typically associated with trusted status.
When examining their Trust Score ratings on ForexBrokers.com, RoboForex earns a score of 73, while TopFX has a slightly lower score of 67. A score of 73 puts RoboForex at an average risk level, indicating it may be perceived as a more reliable option than TopFX, which is categorized at a higher risk level with a score of 67. These Trust Scores provide a useful benchmark for potential investors evaluating the trustworthiness of these online brokers.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| 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 | 2 | 1 |
When comparing commissions and fees, RoboForex maintains an average spread of 1.3 pips for the EUR/USD on both its Procent and Pro accounts, which is relatively high. This pricing earns RoboForex a rating of 3.5 stars and positions it at #55 in the Commissions and Fees category out of 63 brokers as reviewed by ForexBrokers.com.
TopFX, on the other hand, offers two distinct account types—the ZERO and the RAW—that cater to different trader preferences. The ZERO account is spread-only and incurs no commissions, featuring an average spread of 1.03 pips for the EUR/USD in July 2024. Meanwhile, the RAW account offers lower average spreads of 0.33 pips but charges a commission of 2.75 EUR per side, roughly translating to 0.88 pips in all-in costs for a round-turn standard lot. This positions TopFX's RAW account within the industry average and earns the broker a solid 4-star rating. TopFX ranks #40 out of 63 brokers for commissions and fees, according to ForexBrokers.com.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.3 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| 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 comparing RoboForex to TopFX in terms of the range of investments, both platforms offer forex trading through CFDs or spot contracts. RoboForex provides a significantly larger selection of tradeable symbols, boasting 8,400 options compared to TopFX's 655. However, when it comes to tradeable forex pairs, TopFX takes the lead with 60 pairs, while RoboForex offers 28. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, which means clients cannot buy stocks like Apple or Vodafone directly.
Both RoboForex and TopFX support copy trading and allow investment in cryptocurrency derivatives rather than actual cryptocurrencies. RoboForex has a higher rating of 4.5 stars for its range of investments, significantly outperforming TopFX's 3.5 stars. According to ForexBrokers.com, RoboForex is ranked 20th out of 63 brokers for its variety of investments, while TopFX is positioned further down the list, at 46th place. This makes RoboForex a more versatile option for investors seeking diverse trading opportunities.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 655 |
| Forex Pairs (Total) | 28 | 60 |
| 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.
When comparing RoboForex and TopFX for their trading platforms and tools, both brokers offer a range of similar features aimed at enhancing the trading experience. Both brokers provide free virtual demo accounts for practice and offer Windows-based desktop platforms, ensuring a solid foundation for most trading needs. Neither broker has developed an in-house proprietary platform, but each supports popular platforms like MetaTrader 4 which is a favorite among traders. Additionally, while RoboForex extends support to MetaTrader 5, TopFX does not. For traders interested in web-based trading, both brokers meet expectations with their browser platforms. Copy trading is available with both, but neither broker supports DupliTrade or ZuluTrade.
When it comes to charting features, RoboForex and TopFX both equip traders with 15 drawing tools, and the functionality to trade directly from a stock chart, enhancing the ability to conduct technical analysis efficiently. Each broker offers watch lists with seven customizable fields, allowing for organized monitoring of assets. Both are rated four out of five stars for their trading platforms and tools. However, RoboForex holds a slightly higher position, ranked #43 by ForexBrokers.com, compared to TopFX's rank of #45 out of 63 brokers in this category. This subtle difference suggests minor variations in platform offerings that could influence a trader’s choice based on specific tool preferences.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| 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 it comes to mobile trading apps, both RoboForex and TopFX offer solid options for those using iPhone or Android devices, providing easy access to both stock and forex markets. Users of both apps benefit from receiving price alerts and have the ability to draw trendlines and view multiple timeframes on charts. Additionally, each app offers 30 technical studies for chart analysis, and any chart drawings you make are saved automatically. However, neither platform supports syncing mobile watchlists with an online account, which could be a consideration for traders who switch devices frequently. Both apps do allow you to create a watchlist with real-time quotes, adding convenience for active traders.
In terms of user feedback, both RoboForex and TopFX receive a rating of 4 out of 5 stars for their mobile trading apps, indicating a positive user experience overall. RoboForex, however, is ranked slightly higher than TopFX by ForexBrokers.com, coming in at #43 compared to TopFX's #51 out of 63 brokers evaluated. This slight edge might make RoboForex a more attractive choice for traders who value expert rankings when choosing a mobile trading platform.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| 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.
When comparing RoboForex and TopFX for market research offerings, there are distinct differences in the services each provides. RoboForex shines with its daily market commentary, although TopFX does not offer this service. Both brokers provide access to top-tier forex news from renowned sources like Bloomberg and Reuters. However, the availability of tools from Autochartist differs, with TopFX providing such resources, whereas RoboForex does not. Both brokers make use of Trading Central's analytical tools to enhance their research capabilities.
Exploring further, TopFX has an edge in sentiment-based trading, offering tools that reflect market sentiment, which RoboForex lacks. Conversely, RoboForex stands out with research tools from Acuity Trading, a service TopFX does not offer. Both brokers provide economic calendars to keep traders informed of global events. When it comes to overall research ratings and rankings, RoboForex scores slightly higher with a 3.5-star rating and ranks 37th out of 63 brokers, while TopFX garners a 3-star rating and is ranked 60th. These factors suggest that RoboForex may offer a more comprehensive suite of research services compared to TopFX.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, both RoboForex and TopFX have room for growth. Neither of these online brokers provides a collection of at least ten educational materials focused on forex or CFDs, such as articles, videos, or archived webinars. This means that new traders looking for structured resources will need to look beyond these platforms. Additionally, neither broker offers regular webinars or a searchable archive of recordings, limiting access to ongoing learning opportunities.
In terms of video content, RoboForex and TopFX do not supply a significant number of videos dedicated to beginner or advanced trading topics. They also lack an investor dictionary featuring key financial terms. Despite these limitations, RoboForex has a slightly higher educational rating of 3.5 stars out of five, compared to TopFX’s 3 stars. According to ForexBrokers.com, RoboForex is ranked 56th out of 63 brokers for education, while TopFX is positioned at 61st. Overall, both brokers could enhance their educational offerings to better support beginner traders.
| Feature |
RoboForex
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 RoboForex is better than TopFX. RoboForex finished with an overall rank of #46, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both RoboForex and TopFX do not offer the option to purchase actual delivered cryptocurrencies, but they do provide the ability to trade cryptocurrency derivatives.
In comparing online brokers RoboForex and TopFX, RoboForex stands out by offering ACH or SEPA transfers alongside popular payment options like PayPal, Skrill, Visa, Mastercard, and bank wires, whereas TopFX, while also providing PayPal, Skrill, Visa, Mastercard, and bank wires, lacks ACH or SEPA transfer options for depositing or withdrawing account funds.
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 | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | TopFX Review |
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| Regulation | RoboForex | TopFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| 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 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | TopFX | |
|---|---|---|---|
| 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) | No | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 655 | |
| Forex Pairs (Total) | 28 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | Yes | No |
| Trading Platforms | RoboForex | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | RoboForex | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | RoboForex | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | TopFX Review |
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