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.
Plus500 and RoboForex both offer online trading services but differ substantially in their level of trust and regulatory credentials. Founded in 2008, Plus500 is a publicly traded company that distinguishes itself with a Trust Score of 99 out of 99 from ForexBrokers.com. The platform holds six Tier-1 licenses and three Tier-2 licenses, reflecting its highly trusted reputation. In contrast, RoboForex, founded in 2009, is not publicly traded and holds one Tier-1 license with no Tier-2 licenses. Its Trust Score is 73, placing it in the average risk category according to ForexBrokers.com.
Both companies operate as non-banking entities, yet the disparity in their regulatory standings is stark. Plus500's comprehensive regulatory coverage and top-tier Trust Score make it a highly secure choice for traders. Meanwhile, RoboForex has a more modest regulatory presence, providing fewer assurances in comparison. Therefore, prospective investors and traders should weigh these differences in trust and regulation when considering which platform better suits their needs.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Year Founded | 2008 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers Plus500 and RoboForex, Plus500 tends to have pricing slightly above the industry average. Their pricing structure does not provide discounts for retail clients, but they do offer cash rebates similar to an active trader program for those who qualify as Professional clients. The average spread for the EUR/USD at Plus500 was 1.5 pips in April 2024, which is higher than the typical industry rate, earning them a rating of 4.0 stars for their fees and commissions. Within ForexBrokers.com’s rankings, Plus500 is placed at #25 out of 62 brokers.
RoboForex, on the other hand, also offers high spreads for the EUR/USD, averaging 1.3 pips on its Procent and Pro accounts. While their spreads are slightly lower than Plus500's, it is still considered high compared to industry standards. RoboForex's commissions and fees garner a 3.5-star rating, positioning them at a lower rank of #54 out of 62 brokers on ForexBrokers.com.
In summary, Plus500 generally offers a better star rating and higher ranking compared to RoboForex when it comes to commissions and fees. Both brokers have higher-than-average spreads, but Plus500 has a slight edge with its cash rebates for Professional clients and higher overall ranking.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | 1.3 |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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 evaluating Plus500 and RoboForex for their range of investments, both platforms cater to forex enthusiasts, offering forex trading as a CFD or spot contract. Plus500 provides a larger selection with 5,500 tradeable symbols, including an impressive 65 forex pairs. In comparison, RoboForex allows access to 8,400 tradeable symbols, but with a more limited offering of 28 forex pairs. One significant advantage of Plus500 is the ability to purchase U.S. and international exchange-traded securities, such as Apple and Vodafone shares, a feature RoboForex currently lacks.
Both brokers enable trading of cryptocurrency derivatives but do not permit the purchase of actual cryptocurrencies. Plus500 doesn't facilitate copy trading, whereas RoboForex includes this feature, which could be beneficial for those looking to emulate successful trading strategies. Despite these differences, both firms enjoy a rating of 4.5 stars for their range of investments. Interestingly, while Plus500 is ranked #24 in this category by ForexBrokers.com, RoboForex edges slightly ahead at #20, indicating a nuanced balance of offerings that may appeal differently to various traders.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). 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.
Plus500 and RoboForex both offer free virtual demo accounts, catering to those who want to practice trading without financial risk. Plus500 uses a proprietary platform developed in-house, accessible via a web browser, while RoboForex provides both a web-based platform and a Windows-based desktop download, offering traders flexibility and customization. Although both brokers cater to a range of trading needs, RoboForex stands out for its support of MetaTrader 4 and 5, making it a preferred choice for users who value these popular trading platforms. Additionally, RoboForex offers a copy trading feature, which Plus500 lacks, making it a more suitable option for those interested in mimicking the trades of experienced investors.
When it comes to charting capabilities, Plus500 excels with 22 drawing tools compared to RoboForex's 15. However, RoboForex offers the ability to trade directly from stock charts, a feature not available with Plus500. Both brokers offer comprehensive watch lists but with a twist: Plus500 provides 10 columns for customization, while RoboForex offers 7. In terms of overall ratings, Plus500 slightly edges out RoboForex with a score of 4.5 stars compared to RoboForex's 4 stars for their trading platforms and tools. Additionally, Plus500 is ranked 14th out of 62 brokers by ForexBrokers.com in this category, whereas RoboForex sits at the 43rd position, highlighting Plus500's more favorable standing among its peers.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and RoboForex, both platforms are available on iPhone and Android devices, offering stock and forex price alerts, as well as the ability to create watchlists with real-time quotes. However, Plus500 provides a more seamless experience with watchlist symbol syncing, allowing changes made on their app and online account to stay updated. In contrast, RoboForex lacks this syncing feature. Charting capabilities also differ, with Plus500 offering 110 technical studies compared to RoboForex's 30, and while both allow for trendline drawing and viewing multiple time frames, only RoboForex automatically saves your chart drawings.
In terms of ratings and rankings, users have rated Plus500's mobile app at 4.5 stars, placing it at #14 out of 62 brokers by ForexBrokers.com. Meanwhile, RoboForex holds a 4-star rating and is positioned at #43 in the same category. This distinction highlights Plus500's stronger user experience and feature set, making it a preferred choice for those seeking a comprehensive mobile trading platform.
| Feature |
Plus500
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 market research offerings, both Plus500 and RoboForex provide daily commentary to keep traders informed. While both platforms support tools from Trading Central for technical analysis, they diverge in certain features. Plus500 does not provide forex news from leading sources like Bloomberg or Reuters, which RoboForex does offer. Additionally, Plus500 boasts a sentiment-based trading tool to gauge market positions, a feature RoboForex lacks.
For those seeking market insights, RoboForex stands out with its integration of research tools from Acuity Trading, offering added value for data-driven decisions. Both brokers offer access to a comprehensive economic calendar, showcasing crucial global events. Despite these attributes, Plus500 is rated higher for research capabilities with 4.0 stars and secures the 19th position among 62 brokers, whereas RoboForex holds a 3.5-star rating and ranks 37th in the same category, according to ForexBrokers.com.
| Feature |
Plus500
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners between Plus500 and RoboForex, Plus500 stands out with a wealth of materials tailored for new traders. Plus500 offers over ten educational pieces focused on forex and CFDs, spanning articles, videos, and webinars. They also provide monthly live webinars and a comprehensive archive of recorded sessions. This platform further includes a selection of beginner and advanced videos to support traders at various levels, securing a solid 4.0-star rating for Education from ForexBrokers.com and ranking #31 out of 62 brokers.
In contrast, RoboForex falls short in providing educational resources specifically for beginners. It does not meet the threshold of ten educational materials primarily about forex and CFDs and lacks regular webinars and an archive of recorded sessions. RoboForex also misses having a sufficient volume of beginner and advanced video content. Consequently, it garners a slightly lower educational rating of 3.5 stars and ranks #56 among brokers according to ForexBrokers.com. While both platforms do not offer an investor dictionary, Plus500’s educational offerings make it a more appealing choice for novice traders eager to learn and grow in their trading journey.
| Feature |
Plus500
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both Plus500 and RoboForex do not allow the purchase of actual (delivered) cryptocurrency but do offer the ability to buy cryptocurrency derivatives, providing traders with alternative investment opportunities.
When comparing online brokers Plus500 and RoboForex, both platforms support PayPal, Skrill, Visa/Mastercard, and bank wire transactions for depositing and withdrawing account funds, but RoboForex additionally provides ACH and SEPA transfers, an option not available with Plus500.
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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| Regulation | Plus500 | RoboForex | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 2008 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| 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 | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). 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 | 1.5 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | RoboForex | |
|---|---|---|---|
| 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 | No | Yes |
| Trading Platforms | Plus500 | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | 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 | No | |
| Mobile Charting - Indicators / Studies | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | No |
| 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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