image-banner-example-1024x448

RoboForex vs XM: Comparison and Analysis

Trying to figure out whether to use RoboForex or XM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of RoboForex and XM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
61.41% of retail CFD accounts lose money
Roboforex review
Open Account
72,82% of retail investor accounts lose money
XM review

Overall Ratings


Rated
70
Rated
79

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Roboforex
  • XM

Security 58
Security 94

Cost 88
Cost 74

Trading 71
Trading 66

Education 75
Education 81

Company Info


Foundation
2009
2009
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cz, de, es, est, latv, lit, po, pol, ru, thai, ind, viet, mal, ukr
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage


Non-EU Leverage ?
2000:1
1000:1
European Leverage ?
0
30:1
Australian Leverage ?
0
30:1
US Leverage ?
0
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
44727
5355
SimilarWeb - Total Visits
1290000
12990000
Facebook Likes
45732
974312
Twitter Likes
4559
30300
Instagram Likes
5050

Deposit and Withdrawal


Minimum Deposit ?
10 USD
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay, WebMoney, Perfect Money, Trustly, Rapid Transfer, Sofort, EPS, Qiwi, Yandex, ePay.bg, Nordea SOLO, AdvCash, Santander, HSBC, Caixa, Boleto, Santander Rio, Bancolombia, PSE
Deposit Waiting Time ?
1 business day
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.7
0.05
Natural Gas ?
0.035
Silver ?
0.9
0.3
Platinum ?
3
Copper ?
Soybeans ?
0.0275
Corn ?
0.0185
Gold ?
14.3
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.1
0.1
USD/JPY Average Spread
0.4
0.1
USD/CHF Average Spread
0.7
0.4
GBP/USD Average Spread
0.7
0.3
USD/CAD Average Spread
0.7
0.5
AUD/USD Average Spread
0.5
0.4
NZD/USD Average Spread
0.7
1.0
EUR/GBP Average Spread
0.6
0.3

Fees on Stocks


Apple
0.02
0.26
Facebook
0.03
0.15
Alphabet
0.70
2.77
Snapchat
0.04
0.06
BP
0.08
Tesco
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices


FTSE100
1.5
S&P500
0.77
0.7
Dow Jones
0.3
1
Nasdaq
1.65
2
CAC40
1.8
DAX30
0.5
2.0
Nikkei 225
12.0
Euro Stoxx 50
2.6

Fees on Cryptocurrencies


Bitcoin
0
0
Ethereum
0
0
Ripple
0
0
Litecoin
0
0
Bitcoin Cash
0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, chi(t/s), es, po, pol, ru, thai, ind, mal, it, ukr
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
36
57
Crypto ?
Commodities ?
100
15
Stocks ?
12000
160
Indices ?
10
30
ETF ?
1000
Futures ?
Options ?
Bonds ?
Metal ?
2
4
Agricultural ?
8
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Stocks
Agricultural, Blends, Bonds

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, chi(t/s), es, po, pol, ru, thai, ind, mal, it, ukr
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

RoboForex vs XM: A Comprehensive Comparison Summary

Security

When it comes to security, both brokers prioritize the safety of client funds and are regulated by reputable authorities. RoboForex is regulated by IFSC, while XM is regulated by CySEC, ASIC, DFSA, and FSC. In terms of security rating, XM scores higher with a rating of 94 compared to RoboForex’s rating of 84.

Winner: XM

Demo Accounts

For traders who want to test the platforms before committing real funds, both brokers offer demo accounts. RoboForex provides unlimited duration demo accounts with virtual funds of up to $1,000,000. You can open as many demo accounts as you want or need. XM offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds for the XM demo account can be restored by contacting customer support.

Winner: RoboForex

Account Opening

When it comes to account opening, RoboForex requires a minimum deposit of $10 for most accounts, with account currency options of USD and EUR. Payment methods accepted by RoboForex include wire transfers, credit/debit cards, and eWallets. RoboForex offers various account types such as Prime, ECN, R StocksTrader, ProCent, and Pro.

XM, on the other hand, has a lower minimum deposit requirement of $5. Account currency options include USD and EUR, with additional base currencies available based on the trader’s country. XM accepts wire transfers, credit/debit cards, and eWallets as payment methods. XM offers a range of account options, including Standard, Micro, Zero, Ultra Low, Shares, and Islamic accounts.

Winner: XM

Social-Copy Trading

If you are interested in social or copy trading features, RoboForex offers social-copy trading, allowing you to follow and copy the trades of successful traders. XM, on the other hand, does not offer social trading functionalities.

Winner: RoboForex

Markets

In terms of available markets, both brokers offer a variety of options. RoboForex provides access to 40+ forex pairs, 100+ commodities, 10+ indices, 33 crypto assets, 12,000+ stocks, 1,000+ ETFs, and 3 futures and options. RoboForex’s R Trader platform offers an extensive list of markets, including more than 3,000 real stocks of American companies and more than 8,400 CFDs on US stocks.

XM offers 57 forex pairs, 15 commodities, 30 indices, 0 crypto assets, 150+ stocks, and does not offer ETFs, futures, or options. As XM focuses on CFD trading only, it is more suitable for short-term investing rather than long-term investing.

Winner: RoboForex

Trading Fees

Both RoboForex and XM have variable spreads. RoboForex offers spreads from 0 pips on forex, depending on the account type chosen. Stock commissions range from 0.01 USD for US stocks, 0.2% for EU stocks, and from 1.5 USD for ETFs.

XM provides spreads from 0 pip on forex, which is lower than the market average. However, the spreads may be higher depending on the account type chosen. XM also charges commissions per lot traded, which can go up to $7 per lot.

Winner: RoboForex

Platforms

RoboForex offers a variety of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and R Trader. These platforms are available for desktop, web, and mobile devices, catering to the needs of different types of traders. RoboForex’s platforms come with a range of tools suitable for various trading strategies.

XM provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available via webtrader, desktop, and mobile devices. Both platforms allow traders to engage in algo trading. XM also offers the option to use VPS services.

Winner: RoboForex

Education/Customer Care

Both brokers offer educational resources and customer care support. RoboForex provides high-quality educational material including tutorials, webinars, and guides to help traders improve their knowledge and skills. Customer care is available 24/7 through live chat, phone, and email.

XM offers a wide range of educational material, including webinars in 19 languages 7 days a week, trading lessons, platform lessons, and more. Customer care is easily accessible via email, phone, and live chat, with support provided in over 21 languages.

Winner: XM

Conclusion

In conclusion, both RoboForex and XM have their strengths and weaknesses. RoboForex excels in demo accounts, a wide range of markets, and lower trading fees. It offers social-copy trading and a variety of platforms suitable for different trading styles. On the other hand, XM stands out in terms of security, lower minimum deposit requirement, and comprehensive educational resources. XM also offers a larger selection of forex pairs and competitive spreads.

Winner: XM

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
Copyright © 2024 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap