Written by ForexBrokers.com
In this head to head comparison of RoboForex vs Xtrade, 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.
Founded in 2009, RoboForex is an online broker that is not publicly traded and does not operate as a bank. The broker holds one Tier-1 license, indicating a high level of trust according to ForexBrokers.com, with a Trust Score rating of 73. This places RoboForex in the average risk category with its regulatory standing reflecting its commitment to providing secure trading services. However, it lacks Tier-2 licenses, which typically enhance a firm's trustworthiness.
In comparison, Xtrade was established in 2003 and, like RoboForex, is not publicly traded and is not a bank. Xtrade also holds one Tier-1 license but goes a step further by securing an additional Tier-2 license, enhancing its trust verification. With a Trust Score of 74, Xtrade falls just inside the average risk category per ForexBrokers.com assessments. This suggests a slightly more comprehensive regulatory footing than RoboForex, likely due to the additional licensing.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing RoboForex and Xtrade in terms of commissions and fees, there are notable differences. RoboForex offers average spreads of 1.3 pips for EUR/USD on its Pro and Procent accounts, which are considered relatively high. As a result, RoboForex receives a 3.5-star rating for commissions and fees, placing it at 55 out of 63 brokers according to ForexBrokers.com.
In contrast, Xtrade doesn't provide specific data regarding its average spreads, making it challenging for traders to predict their transaction costs. Consequently, Xtrade receives a lower rating of 2.5 stars and is ranked 63 out of 63 in the Commissions and Fees category by ForexBrokers.com.
Overall, while both brokers have room for improvement in terms of commissions and fees, RoboForex holds a slight edge over Xtrade due to its transparent and documented spread information. However, traders should consider both options carefully to determine which broker aligns best with their trading needs and budget.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 and Xtrade in terms of available investments, both offer forex trading as CFDs or spot contracts, but they differ significantly in their range. RoboForex provides clients with access to a vast array of 8,400 tradable symbols, compared to Xtrade's 482 symbols. This broad selection gives RoboForex traders a wider choice of potential investments, although Xtrade does surpass RoboForex in the number of tradable forex pairs, offering 56 compared to RoboForex's 28 pairs. Neither platform, however, offers exchange-traded securities on U.S. or international exchanges, such as shares of companies like Apple or Vodafone. Additionally, while both platforms allow trading in cryptocurrency derivatives, neither supports purchasing actual cryptocurrencies.
RoboForex further distinguishes itself with the option for copy trading, a feature that is not available through Xtrade. This additional functionality, combined with its extensive range of tradable symbols, earns RoboForex a higher rating of 4.5 stars for its range of investments compared to Xtrade's 3.5 stars. Ranking at #20 in the Range of Investments category by ForexBrokers.com, RoboForex stands considerably higher than Xtrade, which is ranked at #49 out of 63 brokers. This suggests a general preference for RoboForex among those who prioritize a diverse range of investment options.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 482 |
| Forex Pairs (Total) | 28 | 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 (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.
RoboForex and Xtrade both provide online platforms for trading with unique features tailored to different types of traders. RoboForex stands out by offering a virtual demo account to practice trading without risk. It supports popular platforms like MetaTrader 4 and MetaTrader 5, alongside a Windows-based desktop platform. In contrast, Xtrade offers a proprietary web-based trading platform without Windows desktop support. Both brokers allow for web-based trading, but only RoboForex features copy trading, which can be beneficial for beginner traders looking to mimic successful strategies.
Charting tools are another differentiator. RoboForex provides 15 drawing tools for charting, while Xtrade offers a more extensive selection with 100 drawing tools. Both brokers allow trading directly from stock charts, enhancing user convenience. For watch lists, RoboForex includes 7 columns, whereas Xtrade facilitates more detailed tracking with 9. When rated for trading platforms and tools, RoboForex earns 4 stars, slightly ahead of Xtrade's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where RoboForex places 43rd out of 63 brokers, significantly higher than Xtrade’s 58th position.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of RoboForex and Xtrade, both brokers provide iPhone and Android applications for their users. However, RoboForex stands out with added features such as stock and forex price alerts, the ability to draw trendlines on charts, and support for 30 technical studies in its charting tools. Additionally, RoboForex allows users to view stock or forex charts across different time frames and auto-saves chart drawings. In contrast, Xtrade lacks these functionalities, offering a more limited experience without price alerts, trendline drawing, or multiple time-frame viewing options.
Both RoboForex and Xtrade lack watchlist symbol syncing, meaning changes made on mobile do not reflect on their online accounts, and vice versa. While RoboForex allows the creation of real-time watchlists, Xtrade does not support this feature. Despite differences in functionality, both platforms earned a rating of four stars for their mobile trading apps. However, RoboForex ranks higher at 43rd out of 63 brokers in ForexBrokers.com's Mobile Trading Apps category, compared to Xtrade, which ranks at 53rd. This indicates that RoboForex’s app may be more favorable among users despite their similar star ratings.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both RoboForex and Xtrade ensure their users are well-informed with daily market commentary and forex news sourced from leading providers like Bloomberg, Reuters, and Dow Jones. While neither platform boasts tools from Autochartist nor sentiment-based trading tools to gauge market positions, RoboForex does stand out by offering research tools from Trading Central and Acuity Trading, which are not available with Xtrade. This gives RoboForex an edge for traders looking for comprehensive technical analytics and signal-based information.
Both platforms provide economic calendars to keep traders updated on global news events. Despite both having a similar rating of 3.5 stars for research, RoboForex is positioned higher, ranking 37th compared to Xtrade's 52nd place among 63 brokers, according to ForexBrokers.com. This suggests that while both brokers provide fundamental market research capabilities, RoboForex may offer a slightly more advantageous suite of research tools for discerning traders.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| 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, Xtrade has a slight edge over RoboForex. Xtrade offers a range of educational materials, including a collection of over 10 articles and videos focused on forex and CFDs, which can be particularly helpful for those just starting out. Despite this, neither platform hosts regular educational webinars or provides a searchable archive for past webinars, which can be a limiting factor for those looking to enhance their learning through interactive sessions.
While neither RoboForex nor Xtrade provides an extensive library of beginner or advanced trading videos, Xtrade does offer an investor dictionary with definitions for more than 50 investing terms. This feature can be an invaluable resource for new traders trying to get accustomed to industry jargon. Both platforms are rated equally with 3.5 stars for education; however, Xtrade ranks slightly higher, being the 46th out of 63 brokers as compared to RoboForex's rank of 56. This places Xtrade in a somewhat stronger position for those prioritizing educational resources in their trading journey.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| 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 | Yes |
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 Xtrade. RoboForex finished with an overall rank of #46, while Xtrade finished with an overall rank of #60.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 74 |
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Both RoboForex and Xtrade do not allow for the purchase of actual delivered cryptocurrency, but they each provide the option to trade cryptocurrency derivatives.
When comparing online brokers RoboForex and Xtrade in terms of payment options, RoboForex provides more versatility with ACH, SEPA, and PayPal support along with Skrill, Visa, Mastercard, and bank wire options, while Xtrade only supports Skrill, Visa, Mastercard, and bank wires, lacking ACH, SEPA, and PayPal methods.
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 | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Xtrade Review |
| Broker Screenshots | RoboForex | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | RoboForex | Xtrade | |
|---|---|---|---|
| Trust Score | 73 | 74 | |
| Year Founded | 2009 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | RoboForex | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 482 | |
| Forex Pairs (Total) | 28 | 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 (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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | 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 | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | RoboForex | 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 Tools | RoboForex | 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 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | RoboForex | 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 | |
| Mobile Economic Calendar | Yes | No |
| Research | RoboForex | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| 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 | Yes |
| Major Forex Pairs | RoboForex | 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 | RoboForex Review | Xtrade Review |
| Overall | RoboForex | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Xtrade Review |
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