Written by ForexBrokers.com
In this head to head comparison of RoboForex vs iFOREX, 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.
When considering online brokers, RoboForex and iFOREX both offer trading services with unique features and regulatory standings. Founded in 2009, RoboForex provides traders with a secure platform backed by a Tier-1 license, aligning with a Trust Score of 73 from ForexBrokers.com, indicating an average level of risk. Although not publicly traded or a banking institution, RoboForex's reputation has been built on these solid foundations over the years.
On the other hand, iFOREX, established in 1996, presents a slightly more favorable risk profile with a Trust Score of 75. Similar to RoboForex, iFOREX is not publicly traded and does not operate as a bank, and also holds a single Tier-1 license, highlighting its commitment to offering trusted services. Both brokers provide dependable trading environments, though potential users may lean towards iFOREX based on its marginally higher trust rating.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Year Founded | 2009 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of online brokers, RoboForex and iFOREX each present distinct cost structures. RoboForex offers average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which is considered relatively high compared to industry standards. This places RoboForex at a moderate 3.5-star rating for commissions and fees and ranks it at 54th out of 62 brokers assessed by ForexBrokers.com.
On the other hand, iFOREX does not provide specific average spread data, which can pose a challenge for potential customers seeking transparent pricing. Due to this lack of available information, iFOREX is rated slightly lower with 3 stars for its commissions and fees. Consequently, iFOREX is placed at a less favorable ranking of 60th out of the 62 brokers reviewed.
In summary, while neither RoboForex nor iFOREX excels in terms of commissions and fees, RoboForex edges out iFOREX with a slightly better star rating and ranking. If cost transparency and lower spreads are important factors for you, it may be worth considering how these fee structures align with your trading priorities.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| 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.
RoboForex and iFOREX both provide opportunities for forex trading via CFDs or spot contracts. RoboForex, with a broader selection of 8,400 tradeable symbols, significantly outpaces iFOREX, which offers 750. Despite this, iFOREX stands out in the niche of forex pairs by offering 88 compared to RoboForex's 28. Neither platform provides access to exchange-traded securities on U.S. or international exchanges, such as buying shares directly like Apple or Vodafone. However, both offer derivatives in cryptocurrency trading, preferring derivatives over actual cryptos.
RoboForex distinguishes itself with additional features such as copy trading, which is not available with iFOREX. In terms of range of investments, RoboForex has been rated 4.5 stars, securing the 20th spot among 62 brokers by ForexBrokers.com, indicative of its diverse offerings. In contrast, iFOREX is rated at 3.5 stars, ranked 41st in the same category. This reflects the difference in variety and depth of investment options available, with RoboForex presenting a more comprehensive platform for traders seeking a wider range of trading securities and strategies.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 750 |
| Forex Pairs (Total) | 28 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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). | 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 RoboForex and iFOREX, each broker has its unique strengths. RoboForex appeals to traders looking for versatility and the opportunity to practice trading risk-free with a virtual demo account, a feature not available with iFOREX. While both brokers offer web-based trading platforms, RoboForex also provides a Windows-based desktop platform, bringing additional flexibility to those who prefer downloadable software. Another notable distinction is RoboForex’s inclusion of MetaTrader 4 and MetaTrader 5, popular platforms for trading, while iFOREX stands out for having its proprietary platform developed in-house.
Both brokers offer the ability to trade directly from stock charts, but their charting tools differ significantly. RoboForex provides 15 drawing tools while iFOREX offers 25, providing a broader range of options for chart customization. When it comes to watch lists, iFOREX provides more columns with nine options compared to RoboForex’s seven. Although both have received a 4-star rating for their trading platforms, RoboForex ranks higher at #43 compared to iFOREX’s #54 according to ForexBrokers.com, highlighting its slightly stronger overall performance in this category.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
RoboForex and iFOREX both offer mobile trading apps compatible with iPhone and Android devices, providing accessibility for traders on the go. RoboForex stands out with its advanced features, including stock and forex price alerts, which keep traders informed of market movements. This platform also offers improved charting capabilities with 30 technical studies available for thorough analysis, the option to draw trendlines, and a feature that lets users view multiple time frames on charts. Additionally, RoboForex's app auto-saves chart drawings, which can be a time-saver for active traders, and allows the creation of watchlists with real-time quotes to manage investments effectively.
In comparison, iFOREX lacks certain features that might be important for those who rely heavily on technical analysis and market alerts. It does not offer price alerts or real-time watchlists, and users are unable to draw trendlines or view different time frames on charts. Despite both apps receiving a four-star rating, RoboForex's mobile trading app is ranked higher at #43, while iFOREX holds the #55 spot among 62 brokers according to ForexBrokers.com. For traders who prioritize detailed charting tools and proactive market notifications, RoboForex might be the more suitable choice for mobile trading.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
RoboForex and iFOREX are competitive online brokers, each offering a variety of research services to support successful trading. Both platforms provide daily market commentary to keep traders informed, but RoboForex enriches this with forex news from top-tier sources like Bloomberg and Reuters. When it comes to sophisticated technical tools, both brokers benefit from Trading Central's resources, equipping traders with valuable technical analytics. However, iFOREX edges ahead with its sentiment-based trading tool, which helps traders understand market positioning. In contrast, RoboForex compensates with exclusive access to Acuity Trading tools, offering different insights.
For those prioritizing awareness of economic shifts, RoboForex and iFOREX both present reliable economic calendars, ensuring traders stay ahead of significant global events. Despite their individual strengths, both brokers receive the same research rating of 3.5 stars. However, according to ForexBrokers.com, RoboForex achieves a higher ranking, positioned at #37 among 62 brokers, while iFOREX stands at #48. This distinction may guide traders looking for a broker that scores slightly better in market research offerings.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| 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, both RoboForex and iFOREX have room for improvement. Neither platform provides the extensive educational pieces that new traders often look for, including articles, videos, or webinars dedicated to forex and CFDs. Additionally, both brokers do not host regular client webinars or offer searchable archives of previously recorded sessions, which can be a valuable resource for beginners wanting to learn at their pace. However, iFOREX does stand out by offering more beginner-friendly educational videos compared to RoboForex, which does not meet the same criteria.
Both brokers lack an investor dictionary that explains key investing terms, which can be a hurdle for those new to the trading landscape. Despite these shortcomings, both RoboForex and iFOREX have received a rating of 3.5 stars for their educational offerings, according to ForexBrokers.com. In terms of rankings, iFOREX slightly edges out RoboForex, placing at #53 out of 62 brokers compared to RoboForex's #56 position. Overall, while both platforms offer some educational content, new traders might find themselves looking elsewhere if they seek a more comprehensive learning experience.
| Feature |
RoboForex
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. RoboForex finished with an overall rank of #46, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 75 |
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Both RoboForex and iFOREX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
When comparing online brokers RoboForex and iFOREX on their deposit and withdrawal options, RoboForex stands out by offering ACH and SEPA transfers, in addition to PayPal, Skrill, Visa, Mastercard, and bank wires, whereas iFOREX provides options like PayPal, Skrill, Visa, Mastercard, and bank wires, but does not support ACH or SEPA transfers.
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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | iFOREX | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | RoboForex | iFOREX | |
|---|---|---|---|
| Trust Score | 73 | 75 | |
| Year Founded | 2009 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 750 | |
| Forex Pairs (Total) | 28 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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). | 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 | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No |
| Trading Platforms | RoboForex | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | RoboForex | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | RoboForex | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | RoboForex | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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