Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

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
ATC Brokers
0.9 /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 ATC BROKERS
XTB
10 /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 XTB
About

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

ATC Brokers is regulated by NFA 0358522. ATC Brokers have provided Forex, Spread betting trading services since 2005.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 13 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Limassol, Cyprus CA, USA Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 32 38 48
Commodities Offered 0 0 21
Stocks Offered 0 0 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks No No Yes
Penny stocks No No Yes
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes No Yes
Dow Jones No No Yes
Dax No No Yes
Nikkei No No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

Losses can exceed deposits

See all instruments

75% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 Yes No No
MT4 Mac Yes No Yes
WebTrader Yes No Yes
Mirror Trader No Yes Yes
ZuluTrade No No No
Sirix No No No
cTrader Yes No No
PAMM No Yes No
Custom Platforms No ATC Trader, Algo Trader Xstation5

APPS

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

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

English

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

Losses can exceed deposits

See platform & features

Losses can exceed deposits

See platform & features

75% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

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

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

Losses can exceed deposits

See account options

Losses can exceed deposits

See account options

75% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes No Yes
Virtual private server Yes No No
Direct market access No No Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 1 Lot 0.01 Lot
Max trade 100 Lot None 100 Lot
Min deposit $1 5,000 $1

RISK MANAGEMENT

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

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes No Yes
Skrill No No Yes
Payment processing time Varies 1-2 business days Same day if requested before 1PM
Withdrawal processing time Varies 1-3 business days Same day if requested before 1PM
See all funding options

Losses can exceed deposits

See all funding options

Losses can exceed deposits

See all funding options

75% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries non-OFAC, US non-OFAC, US US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 357 25 262660 (1) (877) 654.8400/ (1) (877) 654.8400 44 2036953085
Live Chat No Yes Yes
Website http://www.roboforex.com/ https://www.atcbrokers.com/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 1.3 pips Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) 1.3 pips Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) 1.6 pips Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 1.6 pips Not offered 0.2 pips
USD/CHF (Average: 2.3 pips) 2.0 pips Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 1.5 pips Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) 1.2 pips Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.0 pips Not offered 0.1 pips
View all spreads

Losses can exceed deposits

View all spreads

Losses can exceed deposits

View all spreads

75% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No Yes No
Commission No No Yes
Deposit Fee No Varies No
Withdrawal Fee Yes £25 No
View All Fees

Losses can exceed deposits

View All Fees

Losses can exceed deposits

View All Fees

75% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://www.roboforex.com/. Last updated on 01/12/2019.

All information collected from https://www.atcbrokers.com/. Last updated on 01/12/2019.

All information collected from www.xtb.com. Last updated on 01/12/2019.

Company

Roboforex is an online forex and binary options 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.

ATC Brokers is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with ATC Brokers, minimum deposits start from $5,000.

With ATC Brokers you can trade Currencies, gold & silver. If you like to trade on the go, ATC Brokers have iPhone and Android apps so you can trade from anywhere on your phone.

ATC Brokers offer MT4 PC, MT4 Plus, MT4 Mobile, Trade Copier platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by ATC Brokers for the most popular instruments are:
0.3 EUR/USD, variable FTSE 100, GOLD,
0.7 GBP/USD, variable DOW/JONES, Crude Oil,
see all the spreads here.

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

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Roboforex or ATC Brokers?

Offers Islamic accounts or low spreads?

If you’re a trader looking for a broker that offers Islamic accounts, Roboforex may be the better option. However, if you want a broker with lower spreads on currency pairs like EUR/USD, ATC Brokers 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 ATC Brokers to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Roboforex is regulated by CySEC, while ATC Brokers is regulated by Financial Conduct Authority.

As the Financial Conduct Authority are one of the most stringent regulators in the world, ATC Brokers will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

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 10 years, while ATC Brokers have been around for 14 years. Our third alternative broker, XTB, have been around for 17 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 ATC Brokers 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 ATC Brokers 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.

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 ATC Brokers 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 ATC Brokers are based in CA, USA .

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 ATC Brokers offer forex trading. ATC Brokers have a slightly larger variety of currency pairs with 38 pairs, compared to 32 offered by Roboforex. Also, if you’re looking to trade cryptocurrencies,

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

ATC Brokers 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 ATC Brokers offer this. Roboforex also offer the new & improved MT5 platform. Our alternative broker, XTB, also offers MT4 and MT5.

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.

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 ATC Brokers also allows scalping and hedging. You can trade with EAs (expert advisors) on Roboforex but you can't trade EAs (expert advisors) with ATC Brokers.

In terms of risk management tools, neither Roboforex or ATC Brokers 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

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 ATC Brokers charges points. Therefore, ATC Brokers 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 ATC Brokers?

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

Objectively, ATC Brokers is more reliable based on our criteria above. ATC Brokers has a wider range of instruments to trade. ATC Brokers 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.