Written by ForexBrokers.com
In this head to head comparison of RoboForex vs Xtrade, 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 2009, RoboForex is an online broker that is not publicly traded and does not operate as a bank. The broker holds one Tier-1 license, indicating a high level of trust according to ForexBrokers.com, with a Trust Score rating of 73. This places RoboForex in the average risk category with its regulatory standing reflecting its commitment to providing secure trading services. However, it lacks Tier-2 licenses, which typically enhance a firm's trustworthiness.
In comparison, Xtrade was established in 2003 and, like RoboForex, is not publicly traded and is not a bank. Xtrade also holds one Tier-1 license but goes a step further by securing an additional Tier-2 license, enhancing its trust verification. With a Trust Score of 74, Xtrade falls just inside the average risk category per ForexBrokers.com assessments. This suggests a slightly more comprehensive regulatory footing than RoboForex, likely due to the additional licensing.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commission and fee structures of online brokers, RoboForex and Xtrade offer distinct experiences for traders. RoboForex's Pro and Procent accounts come with an average spread of 1.3 pips for the EUR/USD currency pair, which is considered somewhat high. Despite this, RoboForex earns a 3.5-star rating out of five for its commission and fees, ranking it at #54 among 62 brokers according to ForexBrokers.com. This suggests that while there's room for improvement, RoboForex provides a relatively balanced fee structure compared to many of its peers.
On the other hand, Xtrade has not disclosed average spread data, which can make it challenging for potential users to gauge the full extent of trading costs upfront. Due to this lack of transparency and potentially higher costs, Xtrade is rated at just 2.5 stars for its commissions and fees. Ranked #62 out of 62 brokers in the ForexBrokers.com review, Xtrade falls at the bottom of the list in the commissions and fees category, indicating that traders might find more cost-effective options elsewhere.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| 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 | No |
| 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 Xtrade both provide access to forex trading and allow users to trade forex as CFDs. RoboForex offers a larger diversity with 8,400 tradeable symbols, compared to Xtrade's 482, catering to traders seeking a wide array of investment options. However, when it comes to tradeable forex pairs, Xtrade offers more choices with 56 pairs, while RoboForex lists 28. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, so direct stock trading is not an option with either service. Additionally, both platforms enable the trading of cryptocurrency derivatives but not the purchase of actual cryptocurrencies.
In terms of additional trading features, RoboForex supports copy trading, while Xtrade does not, which might appeal to users keen on mimicking successful trading strategies. According to ratings by ForexBrokers.com, RoboForex scores 4.5 stars for its range of investments, while Xtrade scores 3.5 stars. RoboForex ranks 20th out of 62 brokers in the Range of Investments category, showcasing its broader investment offerings compared to Xtrade, which positions 49th in the same ranking. This suggests that RoboForex might be a more favorable option for traders looking for a variety of investment possibilities.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 482 |
| Forex Pairs (Total) | 28 | 56 |
| 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.
RoboForex and Xtrade both provide traders with the opportunity to test out their services through free virtual demo accounts, making it easy for beginners to practice and for seasoned traders to refine their strategies without financial risk. While Xtrade shines with its proprietary, in-house developed platform, RoboForex gains an edge by offering the popular MetaTrader 4 and MetaTrader 5, which are known for their flexibility and extensive features. Although RoboForex does not have its own unique platform, it provides Windows-based desktop downloads, whereas Xtrade does not offer this option and instead focuses solely on web-based trading.
RoboForex stands out with its inclusion of copy trading and the ability to trade directly from stock charts, which could appeal to those interested in social trading and seamless execution. While both brokers offer web-based platforms and direct trading from charts, Xtrade impresses with a robust selection of 100 drawing tools, surpassing RoboForex's 15. However, when it comes to rankings, RoboForex achieves a slightly higher score of 4 stars, ranking 43rd, compared to Xtrade's 3.5 stars and 58th place in the Trading Platforms and Tools category by ForexBrokers.com. Traders seeking detailed watch lists may prefer Xtrade with its 9 columns, over RoboForex's 7, for more comprehensive market tracking.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
RoboForex and Xtrade both provide mobile trading applications that cater to iPhone and Android users, ensuring accessibility across these popular platforms. RoboForex stands out by offering significant features that enhance the trading experience, such as stock and forex price alerts and the ability to draw trendlines directly on charts. Additionally, RoboForex's mobile app supports a comprehensive 30 technical studies for chart analysis and allows traders to view different time frames such as daily, weekly, or intraday. In contrast, Xtrade's app lacks several of these features, including the absence of stock and forex alerts, trendline drawing, and different time frame viewing options.
Neither RoboForex nor Xtrade offers watchlist symbol syncing between the app and the online account. However, RoboForex ensures that watchlists can be created with real-time quotes, and any drawings on charts are automatically saved, features that are not available on Xtrade's app. Despite these differences, both platforms have received a mobile trading app rating of four stars. According to ForexBrokers.com, RoboForex is ranked 43rd out of 62 brokers in the mobile trading apps category, slightly ahead of Xtrade, which is ranked 53rd. These rankings reflect the additional functionalities available with the RoboForex mobile app, which may appeal to those seeking a more feature-rich trading experience.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| 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.
When evaluating RoboForex and Xtrade in terms of market research offerings, both brokers provide daily market commentary, giving clients insights into market trends and developments. They also ensure traders have access to forex news from credible sources such as Bloomberg and Reuters. However, RoboForex stands out by offering research tools from Trading Central and Acuity Trading, which include Technical Analytics and Signal Centre, respectively. Xtrade does not provide these additional resources, limiting its analytical toolkit in comparison.
Both platforms lack sentiment-based trading tools and market research from TipRanks, aligning them on certain fronts. They each offer an economic calendar to help traders track important global economic events. Despite these differences, both RoboForex and Xtrade receive a research rating of 3.5 stars. However, in rankings by ForexBrokers.com out of 62 brokers, RoboForex holds the 37th position, while Xtrade is positioned at 52nd, reflecting RoboForex's slight edge in comprehensive research offerings.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| 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, RoboForex and Xtrade offer different levels of support. RoboForex doesn't provide at least 10 educational pieces like articles, videos, or webinars focused on forex and CFDs, while Xtrade meets this criterion. Also, both brokers lack regular online educational webinars and do not offer recorded webinar archives for their clients. For beginners seeking visual learning, neither broker supplies at least 10 videos specifically targeting beginners' trading topics. Furthermore, beginner traders looking to deepen their understanding with an investor dictionary will find Xtrade more helpful, as it provides definitions for over 50 investing terms compared to RoboForex, which does not.
Despite these differences, both brokers are rated equally at 3.5 stars for Education. However, Xtrade is ranked higher at #46 among 62 brokers by ForexBrokers.com, whereas RoboForex falls to #56 in the Education category. This implies a slight edge for Xtrade in terms of overall educational offerings, though both have room for improvement to better serve beginner traders.
| Feature |
RoboForex
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
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 Xtrade. RoboForex finished with an overall rank of #46, while Xtrade finished with an overall rank of #59.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 74 |
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Both RoboForex and Xtrade do not allow for the purchase of actual delivered cryptocurrency, but they each provide the option to trade cryptocurrency derivatives.
When comparing online brokers RoboForex and Xtrade in terms of payment options, RoboForex provides more versatility with ACH, SEPA, and PayPal support along with Skrill, Visa, Mastercard, and bank wire options, while Xtrade only supports Skrill, Visa, Mastercard, and bank wires, lacking ACH, SEPA, and PayPal methods.
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 | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Xtrade Review |
| Broker Screenshots | RoboForex | Xtrade | |
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| Trading Platforms Gallery (click to expand) | |||
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| Regulation | RoboForex | Xtrade | |
|---|---|---|---|
| Trust Score | 73 | 74 | |
| Year Founded | 2009 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | Xtrade | |
|---|---|---|---|
| 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 | 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) | RoboForex | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | RoboForex | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 482 | |
| Forex Pairs (Total) | 28 | 56 | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | RoboForex | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | RoboForex | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Xtrade Review |
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