Feature | XM Trading | RoboForex |
---|---|---|
Overall Rating | 4.5/5 | 4.9/5 |
Regulation | ASIC (Australia), CySEC (Cyprus), FCA (UK), IFSC (Belize) | IFSC (Belize) |
Minimum Deposit | $5 | $10 |
Maximum Leverage | 1:888 (1:30 for EU/UK clients) | Up to 1:2000 |
Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, R StocksTrader |
Number of Trading Instruments | 1,300+ | 9,700+ |
Account Types | Micro, Standard, Ultra Low, Zero | Pro, Pro Cent, ECN, Prime |
Spreads | From 0.7 pips on Standard accounts | From 0.7 pips on Standard accounts |
Commission on ECN Accounts | $3.5 per lot | $3.5 per lot |
Deposit & Withdrawal Fees | No fees | No fees |
Inactivity Fee | $10 monthly after 90 days of inactivity | $10 monthly after 90 days of inactivity |
Deposit Methods | Bank Wire, Credit/Debit Cards, Neteller, Skrill, UnionPay, WebMoney, and more | Bank Wire, Credit/Debit Cards, Neteller, Skrill, UnionPay, WebMoney, and more |
Withdrawal Methods | Same as deposit methods | Same as deposit methods |
Customer Support | 24/5 via Email, Phone, Live Chat | 24/5 via Email, Phone, Live Chat |
Educational Resources | Webinars, Articles, Videos, Demo Account | Webinars, Articles, Videos, Demo Account |
Bonuses and Promotions | Up to $5,000 Forex bonus, up to 100% deposit bonus | Welcome bonus $30, deposit bonus up to 120% |
Research Tools | News Feed, Fundamental Data, Chart Analysis, Trading Ideas, Email Reports | News Feed, Fundamental Data, Chart Analysis, Trading Ideas, Email Reports |
Order Execution Type | Market Execution | Market Execution, ECN Execution |
Minimum Trade Size | 0.01 lots (Micro Account) | 0.01 lots |
Scalping Allowed? | Yes | Yes |
Hedging Allowed? | Yes | Yes |
Copy Trading Available? | No | Yes, via CopyFX |
VPS Service | Free with conditions | Free with conditions |
Algo Trading Support | Yes, via MetaTrader Expert Advisors (EAs) | Yes, via MetaTrader EAs, cTrader Automate, and R Trader strategies |
Number of Currency Pairs | 55+ | 35+ |
Cryptocurrency Trading | Yes, limited pairs | Yes, wide variety of crypto pairs |
Stock CFD Trading | Yes | Yes, with a larger selection |
Commodities Trading | Yes | Yes |
Indices Trading | Yes | Yes |
Futures Trading | No | Yes |
ETFs Trading | No | Yes |
Social Trading | No | Yes, via CopyFX |
Islamic (Swap-Free) Accounts | Yes | Yes |
Mobile Trading Apps | Yes, MT4/MT5 apps | Yes, MT4/MT5, cTrader, and R StocksTrader apps |
Trading Signals | Yes, via MetaTrader | Yes, via MetaTrader and R Trader |
Personal Account Manager? | Yes, for high-tier accounts | Yes, for high-tier accounts |
Loyalty Program | Yes, XM Loyalty Program | Yes, RoboForex Loyalty Program |
Affiliate/IB Program | Yes | Yes |
Deposit Processing Time | Instant for most methods | Instant for most methods |
Withdrawal Processing Time | 24 hours | 24 hours, instant for some methods |
Regulated in the EU? | Yes, via CySEC | No |
Country Restrictions | US, Canada, Japan, China, Israel, New Zealand, and some others | US, Canada, Japan, Australia, and some others |
Languages Supported? | 30+ languages | 20+ languages |
24/7 Customer Support? | No, only 24/5 | No, only 24/5 |
Dedicated Account Managers? | Yes, for VIP clients | Yes, for VIP clients |
Local Offices in Multiple Countries? | Yes | No |
Support via Telegram / WhatsApp? | No | Yes |
Welcome Bonus? | Yes, $30 no-deposit bonus | Yes, $30 no-deposit bonus |
Deposit Bonus? | Yes, up to $5,000 | Yes, up to 120% deposit match |
Cashback / Rebates? | Yes, for high-volume traders | Yes, via RoboForex Cashback program |
Contest & Competitions? | Yes, occasional trading contests | Yes, frequent trading competitions |
Referral Program? | Yes | Yes |
Cryptocurrency Wallet? | No | Yes, allows deposits/withdrawals in BTC, ETH, USDT |
XM Trading is ideal for traders looking for strong regulation, tight spreads, and a user-friendly experience, while RoboForex offers higher leverage, copy trading, and advanced algorithmic tools for experienced traders.