eToro vs RoboForex: Comparison and Analysis

eToro vs RoboForex: A Comprehensive Comparison Summary

Security

eToro is regulated by CySEC, ASIC, and FCA. It is also registered in the USA with FinCEN, making it eligible for US traders. eToro has a security rating of 95. On the other hand, RoboForex is regulated by IFSC and has a security rating of 84.

Winner: eToro

Demo Accounts

eToro offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds on the eToro demo account can be restored by contacting customer support. On the other hand, RoboForex allows you to open as many demo accounts as you want, with virtual funds of up to $1,000,000.

Winner: eToro

Account Opening

The minimum deposit for eToro is $200 for most countries ($50 for some). eToro offers account currency in USD only, which may not be ideal if you deposit in currencies different from the US Dollar. Payment methods accepted by eToro include wire transfers, credit/debit cards, and eWallets. They offer various account options, including Standard account, Islamic account, Corporate account, and Professional account for advanced traders.

On the other hand, RoboForex has a minimum deposit requirement of $10 for most accounts. They offer account currencies in USD and EUR. Payment methods accepted by RoboForex include wire transfers, credit/debit cards, and eWallets. They offer multiple account options, including Prime, ECN, R StocksTrader, ProCent, and Pro.

Winner: RoboForex

Social-Copy Trading

eToro is the best player when it comes to offering copy and social trading services. They provide a copy-social trading service through their proprietary platform. RoboForex also offers social-copy trading as part of their trading services.

Winner: eToro

Markets

eToro offers a wide range of markets, including forex (49), commodities (35), indices (20), crypto assets (174), stocks (1050+), ETFs (290+), and futures and options (4). They offer crypto, stocks, and ETFs both as CFDs and as real assets, making it suitable for both long-term investments and short-term trading. On the other hand, RoboForex offers a diverse range of markets, including forex (40+), commodities (100), indices (10+), crypto assets (33), stocks (12,000+), ETFs (1,000+), and futures and options (3 futures). With the R Trader platform, RoboForex provides an opportunity to invest in more than 3,000 real stocks of American companies and more than 8,400 CFDs on US stocks.

Winner: eToro

Trading Fees

eToro has variable spreads starting from 1 pip on forex, which is above the market average. They offer zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. On the other hand, RoboForex offers variable spreads starting from 0 pips on forex, depending on the account type. They charge commissions for stocks, with fees starting from 0.01 USD for US stocks, 0.2% for EU stocks, and from 1.5 USD for ETFs.

Winner: RoboForex

Platforms

eToro provides a proprietary platform that is available via web and mobile devices. The platform is user-friendly and specialized in copy and social trading. RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and R Trader. These platforms are available for desktop, web, and mobile devices, providing a variety of tools for all types of traders.

Winner: Tie

Education/Customer Care

Both eToro and RoboForex offer high-quality educational materials. eToro provides blog articles, fintech guides, trading videos, webinars, and seminars. RoboForex offers tutorials, webinars, and guides. In terms of customer care, eToro and RoboForex are easy to contact via email and live chat. RoboForex offers 24/7 customer service through live chat, phone, and email.

Winner: Tie

Conclusion

In conclusion, both eToro and RoboForex have their strengths and weaknesses. eToro excels in terms of security, social-copy trading, market variety, and zero-commission real stocks and ETFs. RoboForex stands out in terms of lower minimum deposit, account currency options, and lower trading fees. Individual preferences and specific trading needs should be considered before making a final decision.

Winner: eToro