CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Roboforex
9.5 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ROBOFOREX
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT
About

Roboforex is regulated by CySEC. Roboforex have provided Forex trading services since 2009.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
  • Yes
  • Yes
  • Yes
Headquarters Limassol, Cyprus Dublin, Ireland

TRADING SERVICES OFFERED

Forex (CFD) Yes Yes No
CFD Yes Yes No
Spread Betting No Yes No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 32 59
Commodities Offered 0 16
Stocks Offered 0 99
Bitcoin No Yes No
Majors Yes Yes No
Indices Yes Yes No
US Stocks No Yes No
Penny stocks No No No
Energies No Yes No
Metals Yes Yes No
Agriculturals No Yes No
FTSE Yes Yes No
Dow Jones No Yes No
Dax No Yes No
Nikkei No Yes No
ETFs No Yes No
IPO No Yes No
See all instruments

Losses can exceed deposits

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes No
MT5 Yes Yes No
MT4 Mac Yes Yes No
WebTrader Yes Yes No
Mirror Trader No Yes No
ZuluTrade No Yes No
Sirix No No No
cTrader Yes No No
PAMM No No No
Custom Platforms No AvaTradeAct, AVAOptions No

APPS

iOS image Yes Yes No
Android image No Yes No
Windows image No No No
Available Languages

English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

Losses can exceed deposits

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Roboforex and AvaTrade

Demo account Yes Yes No
Mini account Yes Yes No
Micro account Yes Yes No
Standard account Yes Yes No
ECN Account Yes No No
Islamic account Yes Yes No
Zero spread account Yes No No
VIP account Yes Yes No
Fixed spreads Yes Yes No
Variable spreads Yes Yes No
See account options

Losses can exceed deposits

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

See account options

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes No
Expert advisors (EAs) Yes Yes No
Virtual private server Yes No No
Direct market access No Yes No
STP broker Yes No No
Market maker Yes Yes No
Min trade 0.01 Lot 0.01 Lot
Max trade 100 Lot None
Min deposit $10 $100

RISK MANAGEMENT

Stop losses Yes Yes No
Limit orders Yes Yes No
One-click trading Yes Yes No
Trailing stops Yes Yes No
Price alerts Yes Yes No
Signal trading Yes Yes No

FUNDING METHODS

Credit card Yes Yes No
Bank transfer Yes Yes No
Standard account Yes Yes No
Paypal No Yes No
Neteller Yes Yes No
Skrill No Yes No
Payment processing time Varies Varies
Withdrawal processing time Varies Varies
See all funding options

Losses can exceed deposits

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

DETAILED INFO

Excluded countries BE,BR,NZ,US,KE,IN,GH BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 357 25 262660 (44) (0) 8005200423
Live Chat No Yes
Website http://www.roboforex.com/ http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 1.3 pips 0.9 pips Not offered
GBP/USD (Average: 1.1 pips) 1.3 pips 1.6 pips Not offered
USD/JPY (Average: 1.1 pips) 1.6 pips 1.1 pips Not offered
AUD/USD (Average: 0.8 pips) 1.6 pips 1.1 pips Not offered
USD/CHF (Average: 2.3 pips) 2.0 pips 1.6 pips Not offered
USD/CAD (Average: 2.9 pips) 1.5 pips 2.0 pips Not offered
NZD/USD (Average: 3.6 pips) 1.2 pips 1.8 pips Not offered
EUR/GBP (Average: 2.4 pips) 1.0 pips 1.5 pips Not offered
View all spreads

Losses can exceed deposits

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

FEES

Inactivity Fee No No
Commission No No
Deposit Fee No No
Withdrawal Fee Yes No
View All Fees

Losses can exceed deposits

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

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Last update

All information collected from http://www.roboforex.com/. Last updated on 01/10/2021.

All information collected from http://www.avatrade.com/. Last updated on 01/10/2021.

All information collected from . Last updated on 01/10/2021.

Company

Roboforex is an online forex trading service provider who are regulated by CySEC, ICF. To open an account with Roboforex, minimum deposits start from $1.

With Roboforex you can trade Forex, metals, and CFD. If you like to trade on the go, Roboforex have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Roboforex offer MetaTrader4, MetaTrader5, cTrader, WebTrader, iPhoneTrader, Android Trader, cTrader Web, Currenex Viking Trader platforms to make your trades and support 14 different languages.

The spreads offered by Roboforex for the most popular instruments are:
2 EUR/USD, 30 FTSE 100, 100 GOLD,
3 GBP/USD, 40 DOW/JONES, 14 Crude Oil,
see all the spreads here.



For more information about trading with Roboforex, we have put together an indepth Roboforex review with all the pros and cons about this broker.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

Popular comparisons

Popular comparisons feat. Roboforex

Roboforex Alternatives

ETX Capital vs Roboforex
Core Spreads vs Roboforex
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Plus500 vs Roboforex
Zulutrade vs Roboforex

Popular comparisons feat. AvaTrade

AvaTrade Alternatives

Avatrade vs LCG
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Popular comparisons feat.

Alternatives

Roboforex or AvaTrade?

ECN execution or low spreads?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), Roboforex is likely the better choice. However, if you want a broker with lower spreads on currency pairs like EUR/USD, AvaTrade may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider AvaTrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Roboforex is regulated by IFSC Belize, while AvaTrade is regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI.

are regulated by

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Roboforex has been around for 12 years, while AvaTrade have been around for 15 years. Our third alternative broker, , have been around for 2021 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Roboforex and AvaTrade use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Roboforex or AvaTrade in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

AvaTrade is more popular with over 200,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Roboforex and AvaTrade are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Roboforex are based in Limassol, Cyprus, while AvaTrade are based in Dublin, Ireland .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Roboforex and AvaTrade offer forex trading. AvaTrade have a slightly larger variety of currency pairs with 59 pairs, compared to 32 offered by Roboforex. Also, if you’re looking to trade cryptocurrencies, AvaTrade offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Roboforex and AvaTrade allow you to trade commodities like gold, silver and crude oil.

AvaTrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Roboforex and AvaTrade offer this. Both brokers also offer the new & improved MT5 platform

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Roboforex, for example, offer a mini account, standard account and VIP account.

For Muslim traders, Roboforex offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Roboforex does allow scalping and hedging. While AvaTrade also allows scalping and hedging. You can trade with EAs (expert advisors) on both Roboforex and AvaTrade.

In terms of risk management tools, neither Roboforex or AvaTrade offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Roboforex also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Roboforex accept Neteller while AvaTrade accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Roboforex charges 0.10 points, while AvaTrade charges 0.70 points. Therefore, Roboforex is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Roboforex or AvaTrade?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, AvaTrade is more reliable based on our criteria above. AvaTrade has a wider range of instruments to trade. AvaTrade offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.