Written by ForexBrokers.com
In this head to head comparison of eToro vs RoboForex, 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.
eToro and RoboForex, both established online brokers, have unique attributes that cater to different types of investors. Founded in 2007, eToro has built a reputation as a highly trusted entity with a Trust Score of 93 out of 99 according to ForexBrokers.com. Its reliability is backed by three Tier-1 licenses, which signify a high level of trust and one Tier-2 license, further solidifying its credibility. eToro, while not publicly traded or a banking institution, offers a strong framework of trust and service within the trading community.
RoboForex, on the other hand, began its operations in 2009 and holds a Trust Score of 73, placing it in the average risk category. Unlike eToro, RoboForex has one Tier-1 license and lacks Tier-2 licenses, which affects its trust perception in the industry. Similar to eToro, it is neither publicly traded nor operates as a bank. Investors considering RoboForex should weigh these factors alongside their investment needs and risk tolerance.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees between eToro and RoboForex, eToro is best known for its social copy trading platform rather than its competitive pricing on spreads. As a market-maker broker, eToro offers a typical variable spread of 1 pip on the EUR/USD, which is somewhat higher than the industry average. Despite this, eToro compensates traders with its unique platform that provides social trading features and caters well to retail investors. Additionally, their VIP club, the eToro Club, offers five tiers of membership for traders maintaining balances between $5,000 and $250,000, with benefits like access to Trading Central, reduced withdrawal and deposit fees, and dedicated account management.
In contrast, RoboForex, operating with average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, presents a slightly less appealing cost structure compared to eToro. While it may not beat the tightest spreads in the industry, RoboForex accommodates traders with a range of account types and features to suit different trading preferences. This places RoboForex as a balanced choice for those seeking diverse account options but still shows a higher spread in comparison to some competitors.
Considering the overall evaluations, eToro earns a favorable rating of 4.5 stars for its commissions and fees from ForexBrokers.com and ranks 22 out of 62 brokers in this category. Meanwhile, RoboForex receives a lower rating of 3.5 stars and ranks 54 out of 62 brokers for its commissions and fees. This comparison highlights eToro's advantages in terms of user experience and value-added services despite higher spread costs versus RoboForex's broader account offerings with higher spreads.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 eToro and RoboForex, both platforms offer a diverse array of investment options, yet cater to different preferences and needs. eToro stands out by offering a total of 5,461 tradeable symbols, including 55 forex pairs, and the ability to trade actual cryptocurrencies. It is particularly appealing for those interested in trading U.S. and international exchange-traded securities such as Apple and Vodafone, something RoboForex does not provide. On the other hand, RoboForex offers a larger variety of tradeable symbols with 8,400 available, though its forex offerings include fewer pairs at 28. Both platforms support forex trading as CFDs and feature copy trading as an investment strategy.
While eToro allows investors to purchase actual cryptocurrencies alongside cryptocurrency derivatives, RoboForex is limited to cryptocurrency derivatives only. eToro’s comprehensive range of investments has earned it a 5-star rating and a ranking of #10 out of 62 brokers according to ForexBrokers.com. Meanwhile, RoboForex, with its substantial offerings and slightly narrower focus in certain areas, holds a 4.5-star rating and a #20 ranking. Whether you prefer the broader array of symbols offered by RoboForex or the extensive investment opportunities, including real asset acquisition via eToro, each platform brings its unique strengths to the table.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 8400 |
| Forex Pairs (Total) | 55 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
When comparing the trading platforms and tools of eToro and RoboForex, both brokers offer unique advantages for investors. eToro shines with its proprietary platform developed in-house, providing an integrated and user-friendly web-based experience. It facilitates copy trading, allowing users to mimic the trades of successful investors, and includes a generous offering of 161 drawing tools. However, it lacks a Windows-based desktop platform and does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). For those trying out the platform, eToro offers a free virtual demo account for simulated trading. Rated 4.5 stars for its trading platforms and tools, eToro holds a commendable rank of #8 out of 62 brokers according to ForexBrokers.com.
On the other hand, RoboForex caters to traditional desktop and MetaTrader users, offering both MT4 and MT5 on a Windows-based platform, which may appeal to traders looking for these specific tools. Similar to eToro, RoboForex also provides a web-based platform and supports copy trading but does not feature a proprietary platform developed in-house. It offers fewer drawing tools compared to eToro, with 15 available options, yet allows for direct trading from stock charts which eToro does not. RoboForex’s trading platforms and tools are rated at 4 stars with a ranking of #43 out of 62 brokers as per ForexBrokers.com. Both brokers provide free virtual demo accounts, making it easy to test their trading environments before committing real funds.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and RoboForex offer mobile apps for iPhone and Android, making trading on-the-go accessible for their users. Each app provides key features like real-time stock and forex price alerts and the ability to create watchlists with real-time quotes. However, eToro stands out with a watchlist symbol syncing capability, ensuring seamless integration between the mobile app and the online account. In contrast, RoboForex lacks this feature, which may impact the user experience for those who manage their accounts across multiple devices.
When it comes to charting, eToro offers a significantly wider range of 104 technical studies compared to RoboForex's 30. Though eToro does not support drawing trendlines on charts, RoboForex users have this option, along with the convenience of auto-saving chart drawings. Both platforms enable switching between different time frames for stock and forex charts, enhancing the analytical experience. In terms of ratings and rankings, eToro surpasses RoboForex with a rating of 4.5 stars and holding the #10 rank among 62 brokers, while RoboForex trails with a 4-star rating and a #43 rank in the Mobile Trading Apps category.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and RoboForex for market research, both platforms stand out in different ways. eToro is renowned for its daily market commentary and offers research tools like those from Trading Central, along with a sentiment-based trading tool that helps traders gauge market sentiments. It also provides market research insights from TipRanks, enhancing its appeal for those who value comprehensive data. Furthermore, eToro users have access to an economic calendar that covers key global news events. While it does not offer forex news from elite sources like Bloomberg or Reuters, eToro manages to score an impressive 4.5-star research rating and is ranked 13th out of 62 brokers by ForexBrokers.com.
On the other hand, RoboForex also provides daily market commentary and integrates Trading Central tools for technical analytics. It excels with forex news from top-tier sources such as Bloomberg and Reuters, and includes research tools from Acuity Trading, like Signal Centre, aiding in advanced decision-making. An economic calendar is another shared feature, allowing RoboForex traders to track important global news. Although RoboForex lacks sentiment-based trading tools and insights from TipRanks, it receives a 3.5-star research rating and is ranked 37th by ForexBrokers.com, making it a solid choice for traders who prioritize reliable news sources.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners, eToro outshines RoboForex in several key areas. eToro offers a comprehensive suite of over 10 educational pieces focused on forex and CFDs, which include articles, videos, and archived webinars. Additionally, eToro hosts online educational webinars at least once a month and offers a searchable archive of past sessions. For those just starting their trading journey, eToro provides over 10 beginner-focused educational videos and has an investor dictionary that explains more than 50 investing terms. In contrast, RoboForex does not offer similar resources for beginners, lacking even the basic quantity of educational materials and client webinars that eToro readily provides.
For traders seeking advanced knowledge, eToro continues to lead by making available over 10 advanced trading videos. These educational efforts have earned eToro a strong educational rating of 4.5 out of 5 stars, compared to RoboForex's 3.5 stars. In the Education category, eToro ranks impressively at #5 out of 62 brokers according to ForexBrokers.com, whereas RoboForex is placed at a much lower #56. This comparison clearly illustrates eToro's commitment to education and demonstrates why it is a preferred choice for beginners looking to gain a solid understanding of trading.
| Feature |
eToro
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than RoboForex. eToro finished with an overall rank of #9, while RoboForex finished with an overall rank of #46.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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RoboForex
|
|---|---|---|
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| Trust Score | 93 | 73 |
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eToro allows users to purchase actual cryptocurrencies and cryptocurrency derivatives, whereas RoboForex only provides the option to buy cryptocurrency derivatives.
Both eToro and RoboForex provide a wide range of options for depositing or withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, ensuring versatile and convenient financial transactions for their users.
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 | eToro | RoboForex | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | RoboForex Review |
| Broker Screenshots | eToro | RoboForex | |
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| Regulation | eToro | RoboForex | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | 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) | eToro | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 8400 | |
| Forex Pairs (Total) | 55 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | RoboForex | |
|---|---|---|---|
| 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 | eToro Review | RoboForex Review |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | RoboForex Review |
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