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.
Quick Verdict
Only Plexytrade accepts traders from USA. Given that Plexytrade is highly rated and earned our confidence during testing, it's our clear recommendation for traders in your country.
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RoboForex
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Plexytrade
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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. | Founded in 2024 and based in Saint Lucia, Plexytrade is an ECN/STP broker for active traders. It offers four account types, crypto deposits and withdrawals, and leverage up to 1:2000. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $10 | $50 |
| Trading Platforms | R StocksTrader, MT4, MT5, TradingView | MT4, MT5, TradeLocker |
| 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 | Bitcoin Payments, Ethereum Payments |
| Minimum Trade | 0.01 Lots | 0.01 |
| Regulator | FSC | |
| Account Currencies | USD, EUR | USD, EUR |
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| Mobile Apps | iOS & Android, R StocksTrader, Telegram Mini App | iOS & Android |
| 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. | Plexytrade offers 100+ instruments through the MT4 and MT5 mobile apps instead of its own app. MetaTrader suits experienced traders but may be difficult for beginners. Deposits, withdrawals, and account management must be done on the Plexytrade website, limiting the mobile experience. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, MAM, LAMM | STP, ECN |
| 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. | |
| Social Trading | ✓ | ✗ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✓ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | |
| 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. | Plexytrade provides an assortment of CFDs, letting you predict price movements of 15 indices, 48 US stocks, 3 commodities, 4 metals, and 5 cryptocurrencies. Also, their free margin calculator helps you determine the necessary amount needed to initiate and uphold leveraged positions in trading. | |
| Leverage | 1:2000 | 1:2000 |
| FTSE Spread | 17.5 | 0.8 |
| GBPUSD Spread | 0.4 | 0.8 |
| Oil Spread | 1.7 | 5 |
| Stocks Spread | 0.01 | 5 |
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. | Plexytrade offers the opportunity to trade in three types of forex pairs: major, minor, and exotic. They provide a high leverage of 1:2000 and low spreads starting at 0.0 - these features can be attractive to experienced traders seeking profits from small price movements. However, the platform's variety is restricted as they offer only 41 currency pairs, which is considerably less compared to the 100+ forex assets offered by IG. | |
| GBPUSD Spread | 0.4 | 0.8 |
| EURUSD Spread | 0.1 | 0.7 |
| EURGBP Spread | 0.4 | 1.1 |
| Assets | 30+ | 40+ |
Cryptocurrency Trading | ||
RoboForex now offers 24/7 CFD crypto trading for popular tokens like Bitcoin, Ethereum, and Cardano. It features transparent fees, margin trading, and reliable execution, ideal for active traders. Available on Pro, ProCent, and ECN accounts, with leverage up to 1:500 for BTC/ETH. | Plexytrade provides traders the opportunity to benefit from cryptocurrency market fluctuations. It offers leveraged trading in 5 well-known cryptocurrencies, including Bitcoin. Still, the limited selection of digital tokens falls behind top brokers such as Eightcap, which boasts over 100 crypto derivatives. | |
| Crypto Spread | Variable | 1.1 |
| Crypto Coins | BTC, ETH, XRP, SOL, DOGE, ADA | BTC, ETH, LTC, SOL, XRP |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |