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Plus500 vs RoboForex (RoboMarkets) 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Plus500 and RoboForex (RoboMarkets)? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Plus500 ranks more highly than RoboForex (RoboMarkets).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingPlus500RoboForex (RoboMarkets)XTB
Overall Rating8.5 / 107.3 / 109 / 10
Account TypePlus500RoboForex (RoboMarkets)XTB
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoYesYes
Copy TradingPlus500RoboForex (RoboMarkets)XTB
Social Trading / Copy TradingNoYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyPlus500RoboForex (RoboMarkets)XTB
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)Plus500RoboForex (RoboMarkets)XTB
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)Plus500RoboForex (RoboMarkets)XTB
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsPlus500RoboForex (RoboMarkets)XTB
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingNoYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsNoNoYes
ETFYesYesNo
U.S. Stocks (CFD)YesYesYes
Trading PlatformsPlus500RoboForex (RoboMarkets)XTB
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesNoYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
Regulatory LicensesPlus500RoboForex (RoboMarkets)XTB
Tier-1 Licenses401
ASIC Authorised (Australia)YesNoNo
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesNoYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)YesNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoNo
Tier-2 Licenses313
Tier-3 Licenses011
Research, EducationPlus500RoboForex (RoboMarkets)XTB
Trading Central (Recognia)NoNoNo
Forex News (Top-Tier Sources)NoYesYes
Daily Market CommentaryYesYesYes
AutochartistNoNoNo
Investor Dictionary (Glossary)NoNoNo
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)NoYesYes
Trading CostsPlus500RoboForex (RoboMarkets)XTB
Minimum Initial Depositโ‚ฌ100$100$0
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)1.4 (Jan 2022)1.07 (Q3 2022)
All-in Cost EUR/USD - ActiveN/AN/A1.04 (Q3 2022)
Active Trader or VIP DiscountsNoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesYesYes
Trading ToolsPlus500RoboForex (RoboMarkets)XTB
Watchlists - Total Fields978
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)1103039
Mobile Charting - Indicators / Studies1103039
Trust FactorsPlus500RoboForex (RoboMarkets)XTB
Year Founded200820092002
Publicly Traded (Listed)YesNoYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score986995
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Plus500 vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs RoboForex (RoboMarkets).

Can I trust Plus500?

Plus500 has a trust score of 98, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust RoboForex (RoboMarkets)?

RoboForex (RoboMarkets) has a trust score of 69, giving it a "High Risk" trust label.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

Is RoboForex (RoboMarkets) a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Plus500 is ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.), while RoboForex (RoboMarkets) is none., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Plus500 is CySEC Authorised (Cyprus), ISA Authorised (Israel) and FSCA Authorised (South Africa), while RoboForex (RoboMarkets) is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Plus500 is none, while RoboForex (RoboMarkets) is IFSC Authorised (Belize)., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Plus500 supports a Proprietary Platform, whereas RoboForex (RoboMarkets) supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Plus500 offer MetaTrader? Does RoboForex (RoboMarkets) offer MetaTrader?

For MetaTrader Plus500 provides neither of these, while RoboForex (RoboMarkets) provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Plus500 and RoboForex (RoboMarkets) differ in terms of minimum deposit? What about average spreads and funding options?

Plus500 requires a minimum deposit of โ‚ฌ100, while RoboForex (RoboMarkets) requires a minimum deposit of $100. From our testing we found Plus500 offers spreads of 0.6 (as of Aug 2018), while RoboForex (RoboMarkets) offers spreads of 1.4 (Jan 2022). Both Plus500 and RoboForex (RoboMarkets) offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, Plus500 or RoboForex (RoboMarkets)?

Plus500 offers a more diverse selection of investment options than RoboForex (RoboMarkets) allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, ETF and U.S. Stocks (CFD)., neither have Spread Betting and Agriculturals Looking at total tradeable symbols, Plus500 has 2800, compared to 12000 from RoboForex (RoboMarkets).

Can I trade cryptocurrency with Plus500 or RoboForex (RoboMarkets)?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Plus500 nor RoboForex (RoboMarkets) allow you to trade physical cryptocurrencies.

Who offers more research tools, Plus500 or RoboForex (RoboMarkets)?

In terms of research and research tools Plus500 gives traders the following tools: Daily Market Commentary and Stock Charts. In comparison RoboForex (RoboMarkets) has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Autochartist and Trading Central (Recognia)

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