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 RoboForex and TopFX in terms of commissions and fees, there are distinct differences that may influence your choice depending on your trading preferences. RoboForex charges average spreads of 1.3 pips for the EUR/USD on their Procent and Pro accounts, which are considered high within the industry. With a rating of 3.5 out of 5 stars for commissions and fees, RoboForex ranks #54 out of 62 brokers according to ForexBrokers.com.
In contrast, TopFX offers two distinct account types—the ZERO account and the RAW account. The ZERO account is commission-free but has higher average spreads of 1.03 pips on the EUR/USD. Meanwhile, the RAW account charges a commission of 2.75 EUR per side (or 5.50 EUR per round turn standard lot) but benefits from lower average spreads of 0.33 pips. This gives the RAW account a total all-in cost of approximately 0.88 pips, aligning it with industry norms. Rated 4 out of 5 stars for costs, TopFX ranks #40 in the Commissions and Fees category by ForexBrokers.com.
When considering which broker to use, it's essential to balance your desired fee structure with overall trading costs. RoboForex may appeal to those who can manage higher spreads, whereas TopFX provides more flexibility with its dual account options, potentially offering more cost-effective trading under the RAW account for active traders.
| 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 the range of investments available through RoboForex and TopFX, both brokers offer forex trading as a CFD or spot contract. However, RoboForex impressively provides an extensive list of 8,400 tradeable symbols, significantly surpassing TopFX, which offers 655 symbols. In terms of forex pairs, TopFX leads with 60 pairs, compared to RoboForex's 28. Neither platform supports direct purchase of exchange-traded securities from U.S. or international markets, nor do they permit buying actual cryptocurrencies. Both brokers offer copy trading and allow trading in cryptocurrency derivatives.
The overall range of investments is where RoboForex holds an edge. It is rated 4.5 stars for its investment range, ranking 20th among 62 brokers reviewed by ForexBrokers.com. On the other hand, TopFX is rated 3.5 stars, ranking 46th in the same category. This distinction highlights RoboForex's broader scope in the variety of options it offers to investors compared to TopFX.
| 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 in terms of their trading platforms and tools, both brokers demonstrate similar offerings with a few key differences. They each provide virtual demo accounts, appealing to beginners looking to practice trading without financial risk. Neither broker offers a proprietary platform, but both support popular Windows-based desktop and web-based trading platforms. When it comes to third-party platforms, both offer MetaTrader 4 (MT4), but only RoboForex extends its services to include MetaTrader 5 (MT5). For those interested in copy trading, both brokers cater to this need, although neither supports DupliTrade or ZuluTrade.
Charting tools are evenly matched, with each broker providing 15 drawing tools for technical analysis. Users can also execute trades directly from stock charts, an essential feature for many traders. In terms of customization, both RoboForex and TopFX offer watch lists that can display up to 7 columns of data. Despite these similarities, RoboForex slightly edges out TopFX with its additional MT5 offering and a slightly higher ranking by ForexBrokers.com—RoboForex holds the 43rd position compared to TopFX's 45th. However, both are equally rated with 4 out of 5 stars for trading platforms and tools, indicating they are well-regarded in the market.
| 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 strong features for iPhone and Android users. Traders using either platform can benefit from receiving stock or forex price alerts, which help keep them informed on market shifts. Both apps allow users to draw trendlines on charts and view various time frames ranging from daily to intraday. Additionally, the apps support 30 technical studies for detailed charting analysis and auto-save chart drawings, ensuring users don't lose critical insights. Creating a watchlist with real-time quotes is also a feature available on both platforms, enhancing the ability to monitor preferred stocks or forex assets easily.
Despite these similarities, RoboForex slightly outpaces TopFX in terms of overall mobile trading app ranking. With a solid 4-star rating, RoboForex is ranked 43rd out of 62 brokers by ForexBrokers.com, while TopFX holds the same star rating but ranks 51st. A noteworthy limitation for both platforms is the lack of watchlist symbol syncing, meaning changes made on mobile aren't reflected in their online accounts. Nevertheless, traders seeking comprehensive mobile app functionality will find both brokers offer a worthwhile experience.
| 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.
RoboForex and TopFX vary significantly in their market research offerings. RoboForex provides daily market commentary, giving traders consistent insights, whereas TopFX does not. Both brokers offer forex news from top-tier sources such as Bloomberg and Reuters, ensuring that traders have access to high-quality information. When it comes to technical analysis tools, TopFX has support from Autochartist, while RoboForex excels with tools from Trading Central. However, RoboForex does not provide sentiment-based trading tools, a feature TopFX includes, allowing traders to see trends in long or short positions across instruments.
RoboForex stands out by offering research tools from Acuity Trading, like the Signal Centre, which is absent in TopFX's suite. Both brokers offer an economic calendar for tracking global news events. RoboForex achieves a higher research rating of 3.5 stars from ForexBrokers.com and ranks #37 out of 62 brokers, compared to TopFX's 3-star rating and #59 rank. These distinctions highlight RoboForex as a more comprehensive option for those prioritizing research capabilities in their trading platforms.
| 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 improvement. Neither broker provides the minimum threshold of 10 educational pieces, such as articles or videos, focused on forex or CFDs. Additionally, neither offers monthly educational webinars or a searchable archive of recorded client webinars, which can be critical tools for those new to trading. Beginner traders might also be disappointed by the lack of beginner-specific videos from both RoboForex and TopFX, as they do not offer at least 10 of these video tutorials. Advanced traders aren’t catered to either, with neither broker offering educational content aimed at experienced traders.
Furthermore, aspiring traders won’t find an investor dictionary with over 50 investing terms at either RoboForex or TopFX. Despite these shortcomings, RoboForex holds a slightly higher rating of 3.5 stars for education compared to TopFX’s 3 stars. In rankings by ForexBrokers.com, RoboForex stands at #56 out of 62 brokers for education, while TopFX sits closely at #60. This comparison highlights the need for improved educational offerings from both brokers to better assist beginners in the trading world.
| 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 62 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 #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 73 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | RoboForex | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | TopFX Review |
| Broker Screenshots | RoboForex | TopFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
