Written by ForexBrokers.com
In this head to head comparison of RoboForex vs FXOpen, 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.
RoboForex and FXOpen are both well-known brokerage firms established in 2009 and 2003, respectively. Though neither is publicly traded or operates as a bank, they differ in their regulatory standings. RoboForex holds one Tier-1 license, which signals a high level of trust according to ForexBrokers.com, and has a Trust Score of 73 out of 99, categorizing it as an average-risk broker.
FXOpen holds a stronger regulatory position with two Tier-1 licenses, leading to a slightly higher Trust Score of 76, which also places it in the average-risk category but closer to being deemed trusted. Both brokers offer varied experiences but share similarities in being non-publicly traded and not functioning as banks, providing different levels of regulatory reassurance to their clients.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
In comparing the commissions and fees of online brokers, RoboForex and FXOpen offer distinct pricing structures that may cater to different trading preferences. RoboForex features average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts. This spread is relatively high, potentially affecting cost efficiency for traders focused on tight spreads. With a rating of 3.5 stars for commissions and fees, RoboForex is positioned at rank #54 out of 62 brokers according to ForexBrokers.com.
FXOpen, on the other hand, does not provide average spread data, which might leave traders seeking transparency with some uncertainty. However, FXOpen garners a higher rating of 4 stars for commissions and fees. This suggests a more competitive fee structure compared to RoboForex, as it holds a higher rank, positioned at #45 out of 62 brokers, as evaluated by ForexBrokers.com.
When selecting between RoboForex and FXOpen, traders should consider the specifics of each broker's commission and fee structure and how they align with their trading strategies. While RoboForex offers detailed spread information, FXOpen's higher rating and rank may indicate overall better value in terms of fees, despite the lack of average spread data. Both the star ratings and rankings provide insights into each broker's cost-effectiveness for potential users.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 | Yes |
| 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 the range of investments available at RoboForex and FXOpen, RoboForex stands out with a much broader selection. RoboForex offers an impressive 8,400 tradeable symbols, significantly surpassing FXOpen's 87. Both platforms provide forex trading as CFDs or spot contracts, with RoboForex offering 28 forex pairs and FXOpen offering 25. Neither broker offers the ability to buy exchange-traded securities, such as shares from U.S. or international exchanges, which limits their offerings in this area. However, both brokers do provide options for copy trading and offer cryptocurrency derivatives, although they do not allow the purchase of actual cryptocurrencies.
In terms of industry recognition, RoboForex is rated 4.5 stars and ranked #20 out of 62 brokers by ForexBrokers.com for its range of investments, showcasing a strong reputation in the market. In contrast, FXOpen has a 3-star rating and is ranked at #61, reflecting a more limited scope of investment opportunities. If having access to a wide array of tradeable symbols and a strong industry ranking is important, RoboForex may be the more appealing choice between the two.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 87 |
| Forex Pairs (Total) | 28 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Both RoboForex and FXOpen provide traders with the convenience of simulated trading through free virtual demo accounts, allowing users to practice strategies without financial risk. Neither broker offers a proprietary trading platform; however, they both support popular platforms like MetaTrader 4 and MetaTrader 5, offering Windows-based desktop downloads and web-based browser options to cater to diverse trading preferences. RoboForex and FXOpen also offer copy trading, providing users with the ability to mirror the trades of experienced investors.
While neither broker integrates DupliTrade, FXOpen distinguishes itself by offering ZuluTrade for social and copy trading services, which RoboForex does not. Both brokers provide an equal number of 15 drawing tools for charting, allowing intricate market analysis. With identical support for trading directly from charts and offering seven columns for watch lists, both RoboForex and FXOpen achieve a four-star rating for their trading platforms and tools. Despite these similarities, RoboForex is positioned 43rd compared to FXOpen's 53rd ranking by ForexBrokers.com, showing a slight edge for RoboForex in the broader market assessments.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both RoboForex and FXOpen provide mobile trading apps available for iPhone and Android users, allowing traders to manage their investments on the go. Each app supports stock and forex price alerts and includes 30 technical studies for charting, catering to traders who rely on varied analytical tools. Users of both platforms can enjoy the convenience of drawing trendlines on charts and have access to multiple time frames such as daily, weekly, or intraday. However, RoboForex exceeds expectations in chart management by auto-saving drawn charts, a feature not available in the FXOpen app, adding a layer of convenience for users who frequently analyze market movements.
When it comes to real-time data access, both apps allow the creation of watchlists with real-time quotes. Though both are rated four stars for their mobile trading apps, RoboForex ranks 43rd among 62 brokers, whereas FXOpen falls slightly behind, ranking 54th according to ForexBrokers.com. The choice between RoboForex and FXOpen might come down to personal preference regarding app usability features and rankings, but both offer a comprehensive set of tools and alerts that suit serious mobile traders.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
RoboForex and FXOpen both cater to individual and institutional traders with comprehensive market insights, yet there are differences in the tools they offer. Both platforms provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed on financial trends. However, RoboForex stands out with its use of Trading Central's technical analysis tools, which are not available through FXOpen. Additionally, RoboForex offers research tools from Acuity Trading, such as the Signal Centre, providing users with more diversified insights into trading opportunities. Despite both offering economic calendars to track global economic news, RoboForex provides a broader array of research tools, enhancing its appeal to traders who rely on technical and fundamental data analysis.
In terms of research capabilities, RoboForex is rated 3.5 stars out of 5, placing it at 37th position out of 62 brokers on ForexBrokers.com. This rating is higher than FXOpen's 3-star rating, which positions it at 62nd place. These rankings reflect the more extensive research tools and resources available through RoboForex compared to FXOpen. For traders seeking a platform with enhanced research functionalities, RoboForex may be the preferred choice due to its additional offerings in technical analysis and tools that support informed decision-making in the dynamic forex market.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| 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, RoboForex and FXOpen each have their strengths and weaknesses. Neither RoboForex nor FXOpen provide a solid portfolio of educational materials, such as articles, videos, or webinars focused on forex and CFDs. Both platforms also fall short on hosting regular educational webinars or providing a searchable archive of past sessions, which could be a significant drawback for those new to trading. Additionally, both brokers lack dedicated educational videos tailored for beginner or advanced traders, making it challenging for users to develop their trading skills through structured video content.
One area where FXOpen slightly edges past RoboForex is the inclusion of an investor dictionary that offers definitions for over 50 investing terms, helping traders get acquainted with the basics of trading language. Despite this, RoboForex achieves a slightly higher education rating of 3.5 stars, compared to FXOpen's 3 stars. Overall, neither broker holds a leading position among competitors, with RoboForex ranked 56th and FXOpen 58th out of 62 brokers in the Education category, as rated by ForexBrokers.com.
| Feature |
RoboForex
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| 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 62 of the best forex brokers, our research and account testing finds that RoboForex is better than FXOpen. RoboForex finished with an overall rank of #46, while FXOpen finished with an overall rank of #54.
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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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 76 |
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Both RoboForex and FXOpen provide the ability to purchase cryptocurrency derivatives, but neither platform offers the option to buy actual (delivered) cryptocurrency.
RoboForex and FXOpen both support Visa, Mastercard, Skrill, and bank wire transfers for depositing or withdrawing account funds, but RoboForex additionally offers ACH, SEPA, and PayPal as transfer options, unlike FXOpen.
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 | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | RoboForex | FXOpen | |
|---|---|---|---|
| Trust Score | 73 | 76 | |
| 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 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| 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 | RoboForex | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 87 | |
| Forex Pairs (Total) | 28 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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). |
| Cost | RoboForex | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | RoboForex | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | RoboForex | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | RoboForex | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| 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 | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | RoboForex | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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