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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XM
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RoboForex
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XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system. | |
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $5 | $10 |
| Trading Platforms | MT4, MT5, TradingCentral | R StocksTrader, MT4, MT5, TradingView |
| Payment Methods | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer | 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 |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA | IFSC |
| Account Currencies | USD, EUR, GBP, JPY | USD, EUR |
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| Mobile Apps | iOS, Android & Windows | iOS & Android, R StocksTrader |
| App Review | XM provides a mobile app for Android and iOS, optimized for each system. The app includes MT4 and MT5, offering full access to over 1,000 instruments. It is highly reliable with minimal issues. Built-in news, trading journal, and push notifications equip you with all the necessary tools for trading on the go. | 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. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP | STP, ECN, MAM, LAMM |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | 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. | 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 | $5 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
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. | RoboForex provides over 12,000 CFDs, which include forex, stocks, indices, commodities, futures and ETFs. Traders can start with a $10 deposit and enjoy high leverage of up to 1:2000. Despite its offerings, RoboForex has slower execution speeds of 1-3 seconds, compared to IC Market's 0.35 seconds. This could affect traders who employ quick strategies. | |
| Leverage | 1:10001:30 | 1:2000 |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.8 | 0.4 |
| Oil Spread | 0.03 | 1.7 |
| Stocks Spread | 0.002 | 0.01 |
Forex Trading | ||
XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | 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. | |
| GBPUSD Spread | 0.8 | 0.4 |
| EURUSD Spread | 0.8 | 0.1 |
| EURGBP Spread | 1.5 | 0.4 |
| Assets | 55+ | 30+ |
| 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 | BTC, ETH, LTC, XRP, BCH | No |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |