Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
When comparing Spreadex and RoboForex, it's essential to consider their regulatory standings and trustworthiness as assessed by ForexBrokers.com. Spreadex, established in 1999, holds one Tier-1 license, which is a mark of high trust, and has a Trust Score of 71, categorizing it as average risk. Meanwhile, RoboForex was founded in 2009 and also possesses one Tier-1 license with a slightly higher Trust Score of 73, placing it in the same average risk category. Neither broker is publicly traded or operates as a bank.
Both brokers are similarly positioned in terms of regulatory compliance with no additional Tier-2 licenses that could further establish trust. Although RoboForex has a marginal edge in its Trust Score, both platforms should be considered with common caution when selecting a broker given their scores. Overall, their respective standing reflects a modest level of trust for traders seeking reliable online brokerage services.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| 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 | 0 | 2 |
When comparing the commissions and fees of Spreadex and RoboForex, clear differences emerge in their pricing structures. Spreadex is notably more competitive, offering an average spread of 0.81 pips for the popular EUR/USD currency pair in January 2024, with spreads reaching as low as 0.6 pips around 60% of the time. This consistency in keeping costs low earns Spreadex a solid 4-star rating out of five for commissions and fees. It ranks at #27 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, RoboForex has average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, which is relatively high. Despite this, some traders might find value in RoboForex’s offerings, but the higher spreads impact its overall rating. RoboForex receives a 3.5-star rating for commissions and fees and holds a position at #54 out of 62 brokers in the same category from ForexBrokers.com.
In conclusion, for those prioritizing lower commissions and fees in their online trading experience, Spreadex is the more favorable choice based on its narrower spreads and better ranking. While RoboForex may appeal to traders seeking other features, it's clear that Spreadex offers a more cost-effective approach to trading EUR/USD. This makes it a preferable option for those concerned with minimizing transaction costs.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Spreadex and RoboForex, both brokers provide opportunities to trade in forex markets as CFDs or spot contracts. However, Spreadex stands out with an extensive offering of 10,000 tradable symbols, including 52 forex pairs. In contrast, RoboForex offers a slightly smaller pool, with 8,400 tradable symbols and 28 forex pairs. Neither broker gives access to exchange-traded securities like Apple shares on U.S. exchanges or international stocks such as Vodafone. Additionally, while both platforms support trading cryptocurrency derivatives, actual cryptocurrency purchases are unavailable from either broker.
A unique advantage of RoboForex is the option for copy trading, a feature not provided by Spreadex. For traders evaluating options purely on the basis of investment diversity, Spreadex receives a higher rating of 5 stars in this category, ranking 13th out of 62 brokers according to ForexBrokers.com. RoboForex, although slightly behind with 4.5 stars for range of investments, ranks 20th, reflecting its competitive but slightly more limited variety in comparison. Both platforms cater to different needs, from those seeking extensive market access with Spreadex to those interested in copy trading through RoboForex.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 52 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 offered by Spreadex and RoboForex, both brokers provide a free virtual demo account, allowing new traders to practice trading without financial risk. Spreadex stands out with its proprietary platform, while RoboForex relies on third-party platforms, including the renowned MetaTrader 4 and 5 options. For desktop users, RoboForex offers a Windows-based platform, unlike Spreadex, which focuses on web-based solutions. Both brokers support web-based trading, ensuring flexibility for traders who prefer managing their portfolios through a web browser.
RoboForex has an advantage with its copy trading feature, enabling users to replicate the strategies of experienced traders. Spreadex does not offer this service but does allow trading directly from stock charts, as does RoboForex. Charting tools are slightly more varied with RoboForex, which offers 15 drawing tools compared to Spreadex's 11. In terms of watch list customization, Spreadex provides eight columns while RoboForex offers seven. Both brokers are rated four stars for their trading platforms and tools, with RoboForex ranked 43rd and Spreadex 46th out of 62 brokers in this category, according to ForexBrokers.com.
| Feature |
Spreadex
|
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) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and RoboForex provide iPhone and Android apps, ensuring accessibility for traders on the go. Users can receive stock and forex price alerts through both platforms, keeping them updated with the latest market movements. However, neither app currently supports watchlist symbol syncing, meaning changes made on the mobile or online accounts won't automatically update across devices. RoboForex excels with its offering of 30 technical studies for chart analysis, whereas Spreadex does not provide specific technical studies in its app. Both platforms allow users to draw trendlines and view multiple time frames on charts. A point of differentiation is that RoboForex's app automatically saves chart drawings, while Spreadex does not.
In terms of user-friendly features, both apps allow the creation of watchlists with real-time quotes, an essential tool for any active trader. Despite these similarities, the user ratings for both Spreadex and RoboForex’s mobile trading apps stand at 4 out of 5 stars. When ranked among 62 brokers, RoboForex holds a slight edge, positioned at #43 compared to Spreadex’s #46 for their mobile trading offerings. This nuanced comparison provides a clear picture of what users can expect from each app, aiding in making an informed decision based on individual trading needs.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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 Spreadex and RoboForex for market research, both brokers offer daily market commentary and provide forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring traders are well-informed with the latest insights. Spreadex stands out with its use of Autochartist tools, providing users with advanced technical analysis and fundamental research capabilities. However, RoboForex leverages the expertise of Trading Central, offering a different angle on technical analytics. In addition, Spreadex offers a sentiment-based trading tool that displays the ratio of long and short positions across currency pairs, giving traders an edge in understanding market sentiment, a feature not available with RoboForex.
Despite both brokers featuring comprehensive economic calendars for tracking global news events, they rely on different tools for additional market insights. RoboForex enhances its research offerings with tools from Acuity Trading, like Signal Centre, while Spreadex does not. In terms of overall research capabilities, Spreadex rates slightly higher with four stars, ranking 31st out of 62 brokers according to ForexBrokers.com, compared to RoboForex’s 3.5-star rating and 37th ranking. This highlights Spreadex's stronger emphasis on research variety and resources, catering to traders seeking a broader array of analysis tools.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources for beginners, Spreadex stands out compared to RoboForex. Spreadex offers a collection of at least 10 educational pieces, including articles and videos primarily focused on forex and CFDs, catering to those starting their trading journey. Moreover, Spreadex provides at least 10 beginner-friendly videos to help newcomers grasp essential trading concepts. Additionally, Spreadex offers an investor dictionary that defines over 50 investing terms, making it easier for beginners to understand trading jargon.
On the other hand, RoboForex does not provide a comparable range of educational materials specifically targeted at beginners. The absence of a substantial number of educational resources such as beginner videos and an investor dictionary highlights where RoboForex falls short. Without the same level of support in foundational trading education, beginners might find RoboForex less accommodating when compared to Spreadex. According to ForexBrokers.com, Spreadex is ranked higher at #45 for education among 62 brokers, while RoboForex is positioned at #56, reinforcing the gap in educational offerings.
| Feature |
Spreadex
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 Spreadex is better than RoboForex. Spreadex finished with an overall rank of #39, while RoboForex finished with an overall rank of #46.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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RoboForex
|
|---|---|---|
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| Trust Score | 71 | 73 |
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Both Spreadex and RoboForex do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade in cryptocurrency derivatives.
Spreadex and RoboForex differ in their deposit and withdrawal options, as Spreadex supports Visa, Mastercard, and bank wires but not ACH, SEPA, PayPal, or Skrill, while RoboForex offers a broader range of options, including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | Spreadex | RoboForex | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | RoboForex Review |
| Broker Screenshots | Spreadex | RoboForex | |
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| Research Gallery (click to expand) | |||
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| Regulation | Spreadex | RoboForex | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | RoboForex | |
|---|---|---|---|
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 52 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | RoboForex | |
|---|---|---|---|
| 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 | N/A | 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 | Spreadex | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | RoboForex Review |
| Overall | Spreadex | RoboForex | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | RoboForex Review |
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