FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Pros
The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies
MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
The broker is regulated by various authorities that offer investor compensation and negative balance protection
The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows traders to maximize their trading potential, albeit with a corresponding increase in risk.
The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping traders to minimize transaction costs.
Cons
A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers
The broker's market insights section is outdated and trails leading competitors
Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their trading activities and is available at firms like Fusion Markets.
Awards
Most Transparent Broker in Europe 2022 - ForexRating.com Awards
Most Trusted Broker - The Forex Expo Dubai 2021 Awards
Best Forex Broker - The Forex Expo Dubai 2020
Best Regulated Forex Broker - Saudi Money Expo 2018
Best Multi Asset Trading Platform 2023 - Global Brands Magazine Awards
Best Trading Conditions 2023 - International Business Magazine Awards
Best Mobile Trading App 2022 - GF Awards B2B
Most Trusted Broker 2022 - International Business Magazine Awards
Best Investment Products 2021 - Global Brands Magazine Awards
Best Global Mobile Trading App 2020 - Global Forex Awards B2B
Best Broker of the CIS 2019 - IAFT Awards
Best Investment Products 2019 - Global Brands Magazine
RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many traders.
iOS App Rating
4.7
Android App Rating
4.4
Margin Trading
Yes
Yes
MetaTrader 4
Yes
Yes
MetaTrader 5
Yes
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
Yes
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
Yes
ECN Account
No
Yes
DMA Account
No
No
MAM Account
Yes
Yes
PAMM Account
Yes
No
LAMM Account
Yes
Yes
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
Yes
No
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader. Entity dependent.
Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader
Copy Trading
No
Yes
Copy Trading Platform
RoboForex’s CopyFX service is designed specifically for currency traders with flexible control over your funds. The ‘Rating’ view provides helpful metrics on master traders, notably profit/loss, maximum drawdown, balance and number of trades spanning time intervals from 1 week to 6 months. That said, the joining process and resources are convoluted, which may confuse newer investors, while the interface trails the smooth user experience provided by category leaders like eToro.
Social Trading
Yes
Yes
Trade Signals
Yes
Yes
VPS Hosting
Yes
Yes
Tournaments
No
No
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$0
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
JPY
CHF
USD
EUR
Commodities
Silver
Gold
Oil
Gold
Silver
Nickel
Oil
Copper
Palladium
Platinum
Natural Gas
Cocoa
Coffee
Corn
Wheat
Sugar
Soybeans
CFD
Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to very high leverage up to 1:2000, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping.
Leverage
1:500* Leverage varies depending on the region
1:2000
FTSE Spread
2.30
GBPUSD Spread<
0.4
0.4
Oil Spread
6.0
1.7
Stocks Spread
Variable
0.01
Forex
FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.
RoboForex offers trading on 30+ currency pairs, trailing category leaders like Pepperstone with its 90+ forex assets. That said, the Prime and ECN accounts feature competitive average spreads of 0.1 pips on the EUR/USD. Additionally, with a minimum investment of $100, traders can utilize the CopyFX system to replicate the strategies of seasoned currency traders.
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.