Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group and RoboForex both started their journey in 2009, yet they differ significantly in terms of regulatory standing and trust ratings. Neither is publicly traded or operates as a bank. However, XM Group holds an edge with four highly trusted Tier-1 licenses and an additional Tier-2 license. RoboForex, on the other hand, has just one Tier-1 license and lacks any Tier-2 licenses.
When assessing trustworthiness via ForexBrokers.com, XM Group achieves a Trust Score of 88, categorizing it as 'trusted'. In contrast, RoboForex has a Trust Score of 73, placing it in the 'average risk' bracket. This data highlights XM Group's stronger regulatory backing, making it potentially more attractive for those prioritizing security and compliance in their broker choices.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers XM Group and RoboForex, there are notable differences to consider. XM Group is known for its high standard account spreads, which may be less competitive for traders seeking low-cost trades. Moreover, the average spreads for XM's commission-based Zero account are not readily available, potentially leaving some uncertainty for traders evaluating costs. XM Group receives a commendable rating of 4 out of 5 stars, placing it at 33 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
RoboForex, on the other hand, offers average spreads of 1.3 pips for the EUR/USD currency pair on its Procent and Pro accounts, which are considered relatively high. This could be a crucial factor for cost-conscious traders who prioritize lower transaction expenses. The broker's commission and fee structure earns it a rating of 3.5 stars out of 5, positioning RoboForex at 55 out of 63 brokers in the same category as assessed by ForexBrokers.com.
Based on these assessments, traders who prioritize lower commissions and fees might find XM Group more appealing due to its higher rating and relatively better rank in this category. Nonetheless, understanding specific trading needs and closely evaluating both brokers' fee structures remains essential for making an informed decision.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 XM Group and RoboForex, both offer forex trading as CFDs or spot contracts, with XM Group providing 55 tradeable forex pairs compared to RoboForex’s 28 pairs. However, RoboForex has a considerably larger selection of tradeable symbols, boasting 8,400 compared to XM Group's 1,394. Despite having fewer symbols, XM Group distinguishes itself by enabling clients to purchase exchange-traded securities on both U.S. and international exchanges, an option RoboForex does not offer. Both platforms provide copy trading and cryptocurrency derivatives while lacking the option to purchase actual cryptocurrencies.
In terms of ratings for their investment ranges, both brokers receive 4.5 stars. Even though RoboForex ranks slightly higher at #20 while XM Group is positioned at #23 out of 63 brokers by ForexBrokers.com, XM Group’s inclusion of exchange-traded securities broadens its appeal for clients interested in direct stock ownership. Overall, the choice between XM Group and RoboForex will depend on whether a client prioritizes a wider array of tradeable symbols with RoboForex or prefers the direct ownership of securities available with XM Group.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 8400 |
| Forex Pairs (Total) | 55 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 the trading platforms and tools offered by XM Group and RoboForex, there are many similarities. Both brokers provide free virtual demo accounts for simulated trading, enabling users to practice without financial risks. While neither offers a proprietary platform, each supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Windows-based desktop and web-based trading platforms are available at both brokers, enhancing accessibility. In addition, each broker allows copy trading, providing more diverse strategies for traders. However, neither broker supports DupliTrade or ZuluTrade.
When it comes to charting tools, both XM Group and RoboForex offer the ability to trade directly from a stock chart, use 15 drawing tools, and organize watch lists with seven columns. However, their exact number of technical indicators isn't specified. Both brokers are rated four stars for their trading platforms and tools, yet XM Group ranks #31 out of 63 brokers according to ForexBrokers.com, whereas RoboForex is placed at #43. This comparison highlights that while both brokers provide a comprehensive range of tools and platforms, XM Group slightly edges ahead in overall ranking.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| 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 | Yes |
| 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.
Both XM Group and RoboForex provide mobile trading apps for iPhone and Android users, offering a seamless trading experience right at your fingertips. Traders can receive stock or forex price alerts on their smartphones, stay updated with real-time quotes, and even draw trendlines on their charts. While both brokers offer extensive charting options with 30 technical studies and multiple time frames, XM Group pulls ahead with its watchlist symbol syncing feature. This allows your mobile app watchlist to sync with your online account, ensuring that your changes are always up-to-date across platforms. RoboForex, however, offers auto-save for drawing tools, making it easier to preserve your chart annotations.
In terms of ratings and rankings, both brokers share a 4-star rating for their mobile trading apps. However, XM Group ranks slightly higher, sitting at 29th in the Mobile Trading Apps category as assessed by ForexBrokers.com, while RoboForex is ranked 43rd out of 63 brokers. So, if symbol syncing is crucial to your trading needs, XM Group might be the preferred choice. For those who prioritize auto-saving chart annotations, RoboForex could be more appealing.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 comparing XM Group and RoboForex, both online brokers provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. They also offer technical analysis tools from Trading Central. However, only XM Group gives access to a sentiment-based trading tool, which highlights market trends by showing the ratio of long or short positions across currency pairs. This feature is absent in RoboForex's offerings. On the other hand, RoboForex stands out by providing research tools from Acuity Trading, such as Signal Centre, which XM Group does not offer. Both brokers have comprehensive economic calendars to keep traders informed about global news events.
Looking at overall ratings, XM Group's research capabilities earn it an impressive 5-star rating and an 8th place ranking among 63 brokers on ForexBrokers.com. RoboForex, while still offering valuable resources, receives a 3.5-star rating and is ranked 37th. This comparison highlights XM Group's robust appeal for traders seeking rich market insights and advanced sentiment analysis tools, while RoboForex can be more appealing for those interested in Acuity Trading features.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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 for beginners in trading, XM Group stands out compared to RoboForex. XM Group provides a comprehensive selection of educational content, offering more than 10 pieces that include articles, videos, and webinars focused on forex and CFDs. New traders can benefit from XM Group’s monthly webinars, which are available live, with a searchable archive for those who need flexible learning schedules. The broker offers an extensive library of beginner-friendly videos that cover a variety of trading topics. Additionally, they provide advanced educational videos that cater to more experienced traders, giving a complete learning path from novice to proficient trading.
In contrast, RoboForex falls short in its educational offerings for beginners. It does not meet the mark of providing at least 10 educational resources on forex and CFDs, and there are no regular webinars or archived sessions available for clients. Furthermore, RoboForex lacks a sufficient number of beginner-focused videos and content that targets more advanced traders. Both brokers do not provide an investor dictionary with definitions for key investing terms. Overall, XM Group is rated 5 stars for education and ranked #7 out of 63 brokers on ForexBrokers.com, while RoboForex earns a 3.5-star rating and is ranked #56, indicating a clear advantage for XM Group in terms of educational support for traders.
| Feature |
XM Group
|
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 XM Group is better than RoboForex. XM Group finished with an overall rank of #17, while RoboForex finished with an overall rank of #46.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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RoboForex
|
|---|---|---|
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| Trust Score | 88 | 73 |
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Both XM Group and RoboForex do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing online brokers XM Group and RoboForex, it's important to note that RoboForex offers a wider range of funding options, including ACH and SEPA transfers and PayPal, both missing from XM Group, while both brokers provide options for Skrill, Visa, Mastercard, and bank wire transfers.
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 | XM Group | RoboForex | |
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| Trust Score | 88 | 73 | |
| Winner | check_circle | ||
| Review | XM Group Review | RoboForex Review |
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| Regulation | XM Group | RoboForex | |
|---|---|---|---|
| Trust Score | 88 | 73 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | XM Group | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 8400 | |
| Forex Pairs (Total) | 55 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XM Group | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | XM Group | RoboForex | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | RoboForex | |
|---|---|---|---|
| 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 | XM Group | 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 | 30 | 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 | XM Group | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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 | XM Group | 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 | XM Group Review | RoboForex Review |
| Overall | XM Group | RoboForex | |
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| Trust Score | 88 | 73 | |
| Winner | check_circle | ||
| Review | XM Group Review | RoboForex Review |
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