Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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RoboForex
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XM
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RoboForex, founded in 2009 and registered with the FSC in Belize, is an online broker. It offers five account types (Prime, ECN, R StocksTrader, ProCent, Pro) to suit various needs, with trades from 0.01 lots and spreads starting at 0 pips. RoboForex has expanded its services by adding CFDs, a stock trading platform, and the CopyFX system. | XM is a renowned forex and CFD broker serving over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees across its expanding range of 1000+ instruments. It provides a full MetaTrader experience that we tested. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $10 | $5 |
| Trading Platforms | R StocksTrader, MT4, MT5, TradingView | MT4, MT5, TradingCentral |
| Payment Methods | Alipay, AstroPay, Cashu, ecoPayz, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Volet, WeChat Pay, Wire Transfer | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FSC | CySEC, DFSA, CMA, FSCA, SCA, FSA, FSC Belize, FSC Mauritius |
| Account Currencies | USD, EUR | USD, EUR, GBP, JPY |
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| Mobile Apps | iOS & Android, R StocksTrader | iOS, Android & Windows |
| App Review | RoboForex offers excellent iOS and Android platforms for short-term trading, including MT4 and MT5. The R StocksTrader app impresses with its wide stock and ETF options, portfolio analytics, customizable watchlists, an events tracker, and fast, reliable trading. However, it lacks the popular cTrader app preferred by many traders. | provides a mobile app for Android and iOS, optimized for each platform. The app offers MT4 and MT5 software, giving full access to over 1,400 instruments. It is reliable with minimal glitches or delays. Features like built-in news, a trading journal, and push notifications provide all necessary trading tools. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP, ECN, MAM, LAMM | STP |
| AI / Machine Learning | ✗ | ✓ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | RoboForex’s CopyFX service is tailored for currency traders, offering flexible fund control. The 'Rating' view presents useful metrics on master traders, such as profit/loss, maximum drawdown, balance, and number of trades over periods from 1 week to 6 months. However, the signup process and resources are complex, which might confuse new investors, and the interface lacks the smooth experience offered by leaders like eToro. | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | ✓ |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✓ |
| Demo Competitions | ✓ | ✓ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $5 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
RoboForex provides over 12,000 CFDs, including forex, stocks, indices, commodities, futures, and ETFs. With a $10 initial deposit and micro lot trading, it supports various derivative traders. However, execution speeds are 1-3 seconds, slower than IC Markets' 0.35 seconds, which is not ideal for strategies like scalping. | XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | |
| Leverage | 1:2000 | 1:10001:30 |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.4 | 0.8 |
| Oil Spread | 1.7 | 0.03 |
| Stocks Spread | 0.01 | 0.002 |
Forex Trading | ||
RoboForex provides trading options for over 30 currency pairs. It also has competitive average spreads of 0.1 pips on the EUR/USD for Prime and ECN accounts. Traders can start using the CopyFX system, a tool that replicates the strategies of experienced traders, with just a $100 minimum investment. | XM provides a wide range of currency pairs with no re-quotes or hidden fees. Spreads now start at 0.6 pips on the EUR/USD in the commission-free account. | |
| GBPUSD Spread | 0.4 | 0.8 |
| EURUSD Spread | 0.1 | 0.6 |
| EURGBP Spread | 0.4 | 1.5 |
| Assets | 30+ | 55+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | ||
| Crypto Spread | Variable | Variable |
| Crypto Coins | No | BTC, ETH, LTC, XRP, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |