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RoboForex (RoboMarkets) vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is RoboForex (RoboMarkets) better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, RoboForex is considered average-risk, with an overall Trust Score of 69 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingRoboForex (RoboMarkets)TopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 69 67
Winner check_circle
Review TopFX Review
RegulationRoboForex (RoboMarkets)TopFX
Trust Score 69 67
Year Founded 2009 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 0 0
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)RoboForex (RoboMarkets)TopFX
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)RoboForex (RoboMarkets)TopFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)RoboForex (RoboMarkets)TopFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsRoboForex (RoboMarkets)TopFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 12000 655
Forex Pairs (Total) 36 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 (CFD) 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).
CostRoboForex (RoboMarkets)TopFX
Average Spread EUR/USD - Standard 1.4 (Jan 2022) N/A
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingRoboForex (RoboMarkets)TopFX
Minimum Initial 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
Trading PlatformsRoboForex (RoboMarkets)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 ToolsRoboForex (RoboMarkets)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 TradingRoboForex (RoboMarkets)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
Forex Calendar Yes Yes
ResearchRoboForex (RoboMarkets)TopFX
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationRoboForex (RoboMarkets)TopFX
Has Education - Forex or CFDs Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No No
Major Forex PairsRoboForex (RoboMarkets)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 TopFX Review
OverallRoboForex (RoboMarkets)TopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 69 67
Winner check_circle
Review TopFX Review
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RoboForex (RoboMarkets) vs TopFX 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 RoboForex (RoboMarkets) vs TopFX.

Does RoboForex (RoboMarkets) or TopFX 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, TopFX offers better pricing overall for traders.

Is RoboForex (RoboMarkets) or TopFX 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. Both RoboForex (RoboMarkets) and TopFX hold 0 global Tier-1 licenses. Both RoboForex (RoboMarkets) and TopFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, RoboForex (RoboMarkets) earned a higher Trust Score than TopFX.

Which trading platform is better: RoboForex (RoboMarkets) or TopFX?

To compare the trading platforms of both RoboForex (RoboMarkets) and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX offers a better experience. With research, RoboForex (RoboMarkets) offers superior market research. Finally, we found RoboForex (RoboMarkets) 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 RoboForex (RoboMarkets) and TopFX offer MetaTrader 4 (MT4).RoboForex (RoboMarkets) and TopFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 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 TopFX has 655 available CFDs, a difference of 11345.

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).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

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.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: RoboForex (RoboMarkets)

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