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RoboForex (RoboMarkets) vs Xtrade 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is RoboForex (RoboMarkets) better than Xtrade? 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. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingRoboForex (RoboMarkets)Xtrade
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 2.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 69 80
Winner check_circle
Review
RegulationRoboForex (RoboMarkets)Xtrade
Trust Score 69 80
Year Founded 2009 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No
Tier-1 Licenses 0 1
Tier-2 Licenses 1 2
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)RoboForex (RoboMarkets)Xtrade
ASIC Authorised (Australia) No Yes
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)Xtrade
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 Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)RoboForex (RoboMarkets)Xtrade
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes Yes
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)Xtrade
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 12000 142
Forex Pairs (Total) 36 56
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
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)Xtrade
Average Spread EUR/USD - Standard 1.4 info N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingRoboForex (RoboMarkets)Xtrade
Minimum Deposit $100 $250
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsRoboForex (RoboMarkets)Xtrade
Proprietary Platform No Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsRoboForex (RoboMarkets)Xtrade
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 30 N/A
Charting - Drawing Tools (Total) 15 18
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingRoboForex (RoboMarkets)Xtrade
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchRoboForex (RoboMarkets)Xtrade
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationRoboForex (RoboMarkets)Xtrade
Has Education - Forex or CFDs Yes Yes
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 Yes
Major Forex PairsRoboForex (RoboMarkets)Xtrade
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
OverallRoboForex (RoboMarkets)Xtrade
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 2.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score 69 80
Winner check_circle
Review
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RoboForex (RoboMarkets) vs Xtrade 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 Xtrade.

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

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

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

To compare the trading platforms of both RoboForex (RoboMarkets) and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, RoboForex (RoboMarkets) 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Xtrade provides traders 56 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 Xtrade has 142 available CFDs, a difference of 11858.

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 Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

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 Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: RoboForex (RoboMarkets)

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announcementPlease 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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