Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group and RoboForex both started their journey in 2009, yet they differ significantly in terms of regulatory standing and trust ratings. Neither is publicly traded or operates as a bank. However, XM Group holds an edge with four highly trusted Tier-1 licenses and an additional Tier-2 license. RoboForex, on the other hand, has just one Tier-1 license and lacks any Tier-2 licenses.
When assessing trustworthiness via ForexBrokers.com, XM Group achieves a Trust Score of 88, categorizing it as 'trusted'. In contrast, RoboForex has a Trust Score of 73, placing it in the 'average risk' bracket. This data highlights XM Group's stronger regulatory backing, making it potentially more attractive for those prioritizing security and compliance in their broker choices.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, XM Group and RoboForex offer different experiences for traders. XM Group's standard account spreads are considered on the expensive side, and the brokerage doesn't publish average spreads for its commission-based XM Zero account, which can make cost estimation challenging. Despite this, XM Group scores a commendable 4 out of 5 stars in the commissions and fees category, and it ranks #33 out of 62 brokers according to ForexBrokers.com.
In comparison, RoboForex has an average spread of 1.3 pips for EUR/USD on both the Procent and Pro accounts, which is relatively high. This higher cost structure reflects in its rating, with RoboForex earning a slightly lower 3.5 out of 5 stars for commissions and fees. Its position at #54 out of 62 brokers, as ranked by ForexBrokers.com, highlights the potential for improvement in offering more competitive pricing to its clients.
Overall, while both XM Group and RoboForex provide traders with viable options for online trading, those seeking lower commission and fee structures might find XM Group to be the slightly more appealing choice based on its higher rating and better ranking. However, RoboForex still provides a solid offering, particularly for those who might prioritize other aspects of trading services over costs.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 it comes to investment offerings, both XM Group and RoboForex have their strengths, but they cater to different needs. XM Group provides 1,394 tradeable symbols, including 55 forex pairs. The broker also gives clients access to exchange-traded securities on both U.S. and international exchanges, allowing them to buy shares like Apple and Vodafone directly. While XM Group doesn’t provide delivered cryptocurrency, it does offer crypto derivatives and supports copy trading. With a 4.5-star rating for its range of investments, XM Group stands at 23rd out of 62 brokers in the investment category according to ForexBrokers.com.
RoboForex, on the other hand, boasts a larger selection of 8,400 tradeable symbols albeit with fewer forex pairs, numbering 28. Unlike XM Group, it does not offer exchange-traded securities on U.S. or international exchanges, so clients can't buy stocks like Apple or Vodafone directly. Similar to XM Group, RoboForex offers crypto derivatives instead of delivered cryptocurrencies and also supports copy trading. With the same 4.5-star rating as XM Group, RoboForex is ranked slightly higher in the ForexBrokers.com investment category, positioned at 20th out of 62 brokers.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 8400 |
| Forex Pairs (Total) | 55 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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). | 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 XM Group and RoboForex, both brokers offer similar features that cater to a wide range of traders. They both provide a free virtual demo account for simulated trading, allowing users to practice trading without financial risk. While neither offers a proprietary platform, both support popular third-party platforms like MetaTrader 4 and MetaTrader 5. Additionally, both XM Group and RoboForex provide a Windows-based desktop download platform, a web-based browser platform, and the ability for traders to engage in copy trading. Despite these similarities, neither broker offers DupliTrade or ZuluTrade.
In terms of charting capabilities, XM Group and RoboForex each offer 15 drawing tools. Users also have the option to trade directly from a stock chart and manage their portfolio with seven watchlist columns. Although both XM Group and RoboForex receive a commendable four out of five stars for their trading platforms and tools, they differ slightly in ranking, with XM Group rated 30th and RoboForex 43rd out of 62 brokers by ForexBrokers.com. This makes XM Group a slightly more favorable option according to this particular ranking, though both brokers provide comprehensive tools and platforms to support various trading needs.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| 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 | No |
| 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.
When comparing the mobile trading apps of XM Group and RoboForex, both apps offer comprehensive capabilities for traders using iPhone and Android devices. Traders can benefit from receiving stock or forex price alerts on both apps, while each app provides 30 technical studies for charting purposes. Additionally, users can create and manage watchlists with real-time quotes, and both apps support various time frames for viewing stock or forex charts. However, there are notable differences that may influence a trader's preference.
One significant distinction is XM Group's ability to sync watchlist symbols between its mobile app and a user's online account, offering seamless updates across platforms, a feature RoboForex lacks. Conversely, RoboForex's app automatically saves trendline drawings on charts, while XM Group requires manual saving. Despite these differences, both applications receive solid four-star ratings for their mobile trading experiences. Still, XM Group ranks higher at #27 compared to RoboForex's #43, according to ForexBrokers.com, offering perhaps a slightly more refined mobile trading experience overall.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 XM Group and RoboForex for market research offerings, both brokers provide daily market commentary and deliver forex news from leading sources like Bloomberg and Reuters, ensuring you stay informed. They each integrate tools from Trading Central, enhancing their technical analysis capabilities. However, XM Group distinguishes itself with a sentiment-based trading tool that highlights market positions across different currency pairs, which RoboForex lacks. RoboForex counters by offering research tools from Acuity Trading, something XM Group does not provide. Both brokers include an economic calendar for global news events, keeping traders up-to-date with crucial information.
In terms of overall research quality, XM Group receives a superior rating of five stars, significantly outshining RoboForex's 3.5-star rating. According to ForexBrokers.com, XM Group holds a commendable eighth place out of 62 brokers for research capabilities, while RoboForex trails at the thirty-seventh spot. These rankings underscore XM Group's comprehensive approach to market research, positioning it as a preferred choice for traders seeking detailed insights and tools.
| Feature |
XM Group
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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 it comes to educational resources for beginners, XM Group clearly outshines RoboForex. Offering more than 10 educational pieces, such as articles, videos, and archived webinars focused on forex and CFDs, XM Group ensures that newbies have access to quality learning materials right from the start. In addition, XM Group hosts regular webinars and provides a searchable archive of past sessions, offering continuous learning opportunities. RoboForex, on the other hand, does not meet the same educational benchmark, lacking an equivalent number of informative resources and regular webinars for its users.
XM Group also excels in delivering beginner-friendly and advanced educational videos, enhancing its appeal to both new and seasoned traders. While RoboForex falls short in providing a similar depth of video content, MX Group remains a top contender, earning a five-star rating for its educational offerings. This commitment places XM Group significantly higher in educational rankings, holding the 7th spot out of 62 brokers according to ForexBrokers.com, while RoboForex trails behind at 56th. With these features, XM Group proves itself as a premier choice for beginners seeking comprehensive online trading education.
| Feature |
XM Group
|
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 XM Group is better than RoboForex. XM Group finished with an overall rank of #17, while RoboForex finished with an overall rank of #46.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 73 |
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Both XM Group and RoboForex do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing online brokers XM Group and RoboForex, it's important to note that RoboForex offers a wider range of funding options, including ACH and SEPA transfers and PayPal, both missing from XM Group, while both brokers provide options for Skrill, Visa, Mastercard, and bank wire 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 | XM Group | RoboForex | |
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| Trust Score | 88 | 73 | |
| Winner | check_circle | ||
| Review | XM Group Review | RoboForex Review |
| Broker Screenshots | XM Group | RoboForex | |
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| Regulation | XM Group | RoboForex | |
|---|---|---|---|
| Trust Score | 88 | 73 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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 | No | |
| 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) | XM Group | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 8400 | |
| Forex Pairs (Total) | 55 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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). | 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 | XM Group | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | XM Group | RoboForex | |
|---|---|---|---|
| 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 | No |
| Trading Tools | XM Group | RoboForex | |
|---|---|---|---|
| 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 | XM Group | 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 | 30 | 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 | XM Group | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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 | XM Group | 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 | XM Group Review | RoboForex Review |
| Overall | XM Group | RoboForex | |
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| Trust Score | 88 | 73 | |
| Winner | check_circle | ||
| Review | XM Group Review | RoboForex Review |
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