No broker is perfect, and Roboforex is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Roboforex:
- Roboforex is not regulated by the Financial Conduct Authority
- Roboforex does not offer Ripple
- Roboforex does not offer Penny stocks
- Roboforex does not offer a DMA account
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best Roboforex alternatives.
Top alternative: IG
The most popular alternative to Roboforex is IG, a brokerage regulated by the Financial Conduct Authority, UK and over 40 years in business. Another strong alternative is AvaTrade, which is regulated by Central Bank of Ireland, ASiC, FSA and the FSB.
Here are some of the key reasons why traders choose IG and AvaTrade over Roboforex:
|Regulator||CySEC||Financial Conduct Authority and ASiC||Central Bank of Ireland, ASiC, FSA, FSB and BVI|
|Min. Trade||0.01 Lot||£1||0.01 Lot|
|Platforms||MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps||MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps|
If you want to read more about IG, we've put together an in-depth IG review that explores their platform, spreads, and trading conditions in more detail.Visit IG
If IG isn't quite right, we've also listed ten suitable Roboforex alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.