Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Founded in 2008, Plus500 stands out as a highly trusted online broker with a ForexBrokers.com Trust Score of 99. As a publicly traded company, Plus500 offers transparency and confidence to its clients. Boasting 6 Tier-1 licenses, Plus500 showcases strong regulatory backing and is well-regarded for its reliability and customer trust. In addition, it holds 3 Tier-2 licenses, further enhancing its regulatory credibility and making it a preferred choice for many traders.
RoboForex, established in 2009, offers a reliable trading environment with a Trust Score of 73, indicating an average risk level. Although RoboForex is not publicly traded, it has gained a foothold in the trading world with 1 Tier-1 license, signifying a level of safety and oversight. However, the absence of Tier-2 licenses places some limits on its regulatory reach compared to brokers like Plus500. This makes RoboForex a solid choice for risk-tolerant traders seeking a regulated yet less scrutinized trading experience.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Year Founded | 2008 | 2009 |
| Publicly Traded (Listed) | Yes | |
| Bank | ||
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing Plus500 and RoboForex in terms of commissions and fees, Plus500 tends to have slightly higher pricing than the industry average. This platform does not offer retail client discounts but provides cash rebates for those who qualify as Professional clients. During April 2024, spreads for the EUR/USD at Plus500 averaged 1.5 pips, which is higher compared to other brokers. Plus500 has earned a 4.0-star rating and is ranked #23 out of 63 brokers by ForexBrokers.com for its commissions and fees.
In contrast, RoboForex exhibits slightly lower spread averages, with typical spreads for EUR/USD at 1.3 pips on its Procent and Pro accounts. Despite this, its fees are still considered relatively high for the industry. RoboForex received a 3.5-star rating and holds the #55 position out of 63 brokers in the ForexBrokers.com rankings for commissions and fees.
Overall, both platforms have their strengths and weaknesses in terms of cost. For those prioritizing lower spreads, RoboForex might have a slight edge, while Plus500's Professional client incentives could appeal to high-volume traders seeking rebates. Nevertheless, neither broker is at the forefront of low-cost trading options in the industry.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Minimum Deposit | €50 | $100 |
| Average Spread EUR/USD - Standard | 1.3 | 1.3 |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | 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 the range of investment options between Plus500 and RoboForex, both platforms offer forex trading as either a CFD or a spot contract. Plus500 provides 5,500 tradeable symbols, while RoboForex offers an even wider variety with 8,400 available symbols. However, Plus500 has an advantage in forex pairs, with 65 compared to RoboForex's 28. One standout feature of Plus500 is its ability to facilitate the purchase of exchange-traded securities on U.S. and international exchanges, such as Apple and Vodafone shares, which RoboForex does not directly offer.
RoboForex, on the other hand, provides copy trading services, catering to those interested in mimicking the trades of experienced investors—an option not available with Plus500. Both brokers offer users the opportunity to trade cryptocurrency derivatives, but neither supports direct purchase of actual cryptocurrency. In terms of ratings, each platform scores 4.5 stars for its range of investments, indicating their competitiveness in offering diverse trading options. In rankings by ForexBrokers.com, RoboForex slightly edges out Plus500, ranking at 20th compared to 21st out of 63 brokers for the range of investments.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 8400 |
| Forex Pairs (Total) | 65 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and RoboForex, both brokers offer free virtual demo accounts, allowing users to practice trading without financial risk. Plus500 shines with its proprietary platform developed in-house, while RoboForex provides the widely recognized MetaTrader 4 and 5 platforms with a Windows-based desktop download option. Both brokers offer web-based trading platforms, but RoboForex further enhances its offering with copy trading capabilities, enabling users to replicate the trading strategies of successful traders. Plus500 lacks this feature but compensates with more drawing tools for charting, boasting 36 compared to RoboForex's 15.
When it comes to additional features, RoboForex allows direct trading from stock charts, a handy capability for active traders. In contrast, neither broker supports popular third-party services like DupliTrade or ZuluTrade. Performance-wise, Plus500 outperforms RoboForex, receiving an impressive 4.5-star rating for its trading platforms and tools and ranking 14 out of 63 brokers according to ForexBrokers.com. RoboForex, while still a solid option with a 4-star rating, is ranked 43 in the same category. For those prioritizing customization in watch lists, Plus500 offers more fields, providing 10 columns compared to RoboForex's 7, giving traders more control over their trading view setup.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | Yes | |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and RoboForex offer mobile trading apps for iPhone and Android devices, making it easy for traders to stay connected to the markets. Each app provides key features like stock and forex price alerts and the ability to draw trendlines on charts, catering to traders who need these essential tools on the go. Both platforms also support viewing charts in multiple time frames, whether you're interested in daily, weekly, or intraday data. Additionally, real-time quote watchlists can be created on both apps, ensuring up-to-the-minute information is always at your fingertips.
Where Plus500 really stands out is in its charting capabilities, offering a whopping 115 technical studies compared to RoboForex's 30. Plus500 also syncs watchlist symbols across devices, so changes made on the mobile app are seamlessly updated on your online account. On the other hand, RoboForex shines by automatically saving drawings on your charts. While Plus500 is rated 4.5 stars for its mobile trading app and ranked #14 out of 63 brokers by ForexBrokers.com, RoboForex follows closely with a 4-star rating and a #43 ranking. Depending on your trading needs, either platform can be a solid choice, but Plus500 might offer a bit more in terms of technical analysis and convenience.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and RoboForex for market research capabilities, both platforms offer daily market commentary and access to news from top-tier sources. However, RoboForex stands out by providing forex news from reputable agencies like Bloomberg and Reuters, while this is not explicitly noted for Plus500. Both brokers incorporate Trading Central’s analytical tools, but Plus500 also includes a sentiment-based trading tool that helps investors gauge market mood, a feature not available with RoboForex. Additionally, only RoboForex features research tools from Acuity Trading, such as Signal Centre, which may appeal to traders looking for varied analysis resources.
For traders seeking structured insights into economic events, both Plus500 and RoboForex offer comprehensive economic calendars. Despite similar offerings in several areas, Plus500 is rated higher for research with 4.0 stars and is ranked #19 out of 63 brokers, according to ForexBrokers.com. In comparison, RoboForex receives a slightly lower rating of 3.5 stars and is ranked at #37. Ultimately, Plus500 may provide a more rounded research experience, but RoboForex offers its own unique set of tools that could cater to specific trading strategies.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | ||
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | ||
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners between Plus500 and RoboForex, Plus500 leads with a comprehensive suite of learning materials. Plus500 offers extensive educational content, including more than 10 pieces focused on forex and CFDs, which consist of articles, videos, and archived webinars. Beginners can also benefit from regular monthly webinars and access to a searchable archive of past webinars, making it easier to learn at their pace. This broker provides over 10 beginner-targeted videos on trading topics and a further 10 for more advanced educational content, ensuring a well-rounded learning experience. This extensive offering earns Plus500 a respectable 4.0-star rating for education from ForexBrokers.com, ranking it 31st out of 63 brokers.
In contrast, the educational resources at RoboForex appear more limited. Specific offerings like online webinars and recorded webinar archives are not mentioned, and while they do provide beginner-focused educational content, the extent is not clearly defined. RoboForex is rated slightly lower, with a 3.5-star rating for education, and ranks 56th in ForexBrokers.com's education category. For beginners seeking a wealth of learning opportunities and structured guidance, Plus500 presents itself as a more resourceful platform compared to RoboForex, particularly when it comes to diverse educational tools and materials to aid in developing trading skills from the ground up.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than RoboForex. Plus500 finished with an overall rank of #14, while RoboForex finished with an overall rank of #46.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Plus500 does not offer the ability to buy actual (delivered) cryptocurrency, while RoboForex also does not provide this option; however, both platforms allow trading in cryptocurrency derivatives.
While both Plus500 and RoboForex allow you to deposit or withdraw funds using PayPal, Skrill, Visa/Mastercard, and bank wires, only RoboForex supports ACH or SEPA transfers, making it a more flexible choice for users seeking a variety of banking options.
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 | Plus500 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Plus500 Review | RoboForex Review |
| Broker Screenshots | Plus500 | RoboForex | |
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| Broker Gallery (click to expand) |
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| Regulation | Plus500 | RoboForex | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 2008 | 2009 | |
| Publicly Traded (Listed) | Yes | ||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | ||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Plus500 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 8400 | |
| Forex Pairs (Total) | 65 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | RoboForex | |
|---|---|---|---|
| Minimum Deposit | €50 | $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 |
| Trading Platforms | Plus500 | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | ||
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | Plus500 | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | Yes | ||
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | |||
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Plus500 | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | RoboForex Review |
| Overall | Plus500 | RoboForex | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Plus500 Review | RoboForex Review |
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