Plus500 vs Roboforex Comparison
Plus500
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Plus500 and Roboforex
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 4.3/5 | 4.4/5 |
| Foundation Year | 2007 | 2009 |
| Regulated in Countries | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States | Belize |
| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Plus500 Review | Roboforex Review |
Plus500 is a robust choice for seasoned traders who appreciate a variety of trading CFDs and advanced analytical capabilities.
Roboforex is suitable for both beginners and professional traders, thanks to its impeccable reputation, reliability, and fair conditions.
Plus500 Review
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
Plus500 is in the top 10 of the following ratings:
Roboforex Review
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
Roboforex is in the top 10 of the following ratings:
Reliability
| Broker | Plus500 | Roboforex |
|---|---|---|
| Reliability | 5/5 | 3.6/5 |
| Foundation Year | 2007 | 2009 |
| Regulated in Countries | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States | Belize |
| Regulators | CySEC CySEC FCA FCA ASIC ASIC NZ FMA NZ FMA FSCA FSCA SFSA SFSA EFSA EFSA MAS MAS CFTC CFTC NFA NFA | BFSC BFSC |
Plus500
Plus500 is registered and regulated in several jurisdictions by authoritative bodies. This means that the broker is required to adhere to strict financial standards and provide regular reports on its activities to regulators.
Roboforex
RoboForex, as a regulated broker, offers a high degree of client protection and compliance with standards.
Pros
- Regulated by the Financial Services Commission (FSC).
- Participation in The Financial Commission's Compensation Fund.
- Civil Liability Insurance Program in place.
Cons
- Lacks oversight from stricter regulators such as the FCA, ASIC or CFTC.
Account Opening
| Broker | Plus500 | Roboforex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Plus500
Opening an account with Plus500 is straightforward due to its fast registration and low minimum deposit. Beginners should use the demo account and Trading Academy to learn before real trading.
Roboforex
Registration on the RoboForex website is quick and uncomplicated. A notable advantage is the option to select the type of account right at registration, which is beneficial for those who already know they want to trade on a live account.
Account Types
| Broker | Plus500 | Roboforex |
|---|---|---|
| Account Types | 2/5 | 4.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Plus500
The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.
Roboforex
RoboForex accounts offer sufficiently diverse trading conditions to meet the needs of various trader categories, from beginners to professionals who prefer investing.
Pros
- Availability of ECN and cent accounts
- Access to VPS
- Regularly held contests
Cons
- Lack of fixed spread accounts
Commissions
| Broker | Plus500 | Roboforex |
|---|---|---|
| Commissions | 3.5/5 | 3.7/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.4 |
| Commission per Lot | $2.16 |
Plus500
Plus500 offers clients market average trading commissions.
Pros
- No commission for deposit or withdrawal.
Cons
- Inactivity account fee.
Roboforex
RoboForex boasts relatively low commissions, potentially appealing to a broad spectrum of traders.
Pros
- Low trading fees
- No inactivity fee
- No withdrawal fee
Cons
- High swaps.
Deposit and Withdrawal
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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Plus500
Plus500 offers convenient and diverse methods for depositing and withdrawing funds, but processing requests may take up to 3 business days.
Pros
- Wide selection of payment systems.
- No commission for depositing and withdrawing.
Roboforex
A wide array of deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets, makes the process of funding and cashing out convenient and flexible for traders.
Pros
- Extensive deposit and withdrawal options
- No deposit and withdrawal fees
- Broker covers payment system commissions twice a month
Markets and Products
| Broker | Plus500 | Roboforex |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 65 | 33 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 7 | 2 |
| Soft Commodities | 10 | 4 |
| Indices | 36 | 12 |
| Stocks | 1550 | 8400 |
| ETF | 96 | 19 |
Plus500
Plus500 offers a deep diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide.
Roboforex
RoboForex offers an extensive range of trading instruments, with over 12,000 options available, impressively catering to traders' diverse needs. Traders have access to classic Forex instruments, CFDs, and even real stocks.
Trading Platforms
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 4.2/5 | 5/5 |
| Trading Platforms |
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Plus500
Plus500 offers an efficient, user-friendly platform, however, there is no choice between platforms.
Pros
- Proprietary platform
- Available on mobile devices.
Cons
- No choice between platforms.
Roboforex
One of RoboForex's trump cards is the variety of trading platforms. With so many options, it can sometimes be challenging for a beginner to choose.
Analytics
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 5/5 | 5/5 |
Plus500
Plus500 offers good analytical tools and useful services.
Pros
- Insights+
- ESG scoring
- Convenient risk management tools
Roboforex
RoboForex provides extensive analytical tools and materials, including an analytics center, market forecasts, an economic calendar, and a trading calculator.
Education
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
Plus500
Plus500 offers its users quality training through webinars, interactive materials and e-books. This allows traders to gain comprehensive knowledge for a successful start and effective trading.
Pros
- Quality and detailed video lessons
- Free webinars from independent experts
- Interactive guides and e-books
Roboforex
Despite some educational materials such as webinars, videos, and FAQ lists, it seems that RoboForex lacks some vital educational resources.
Pros
- Availability of webinars and video tutorials
Cons
- Lack of courses, seminars, and extensive articles
Customer Support
| Broker | Plus500 | Roboforex |
|---|---|---|
| Rating | 3.7/5 | 4.7/5 |
| Email Support |
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| Hotline Phones | — |
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| Social Media |
Facebook
Twitter
Instagram
Messenger
Telegram
Viber
Whatsapp
SkypePlus500
The Plus500 customer support is limited and not ideal, although it provides support in multiple languages 24/7.
Pros
- Support in many languages.
- Operates around the clock.
Cons
- Lack of direct communication channels (e.g., telephone).
- Potential delays in responses due to limited communication channels.
Roboforex
RoboForex offers several communication methods, including online chat, email, and phone. The 24/7 online chat is convenient for clients in different time zones.
Pros
- Multiple support communication channels
- 24/7 customer support
- Telegram bot available
Cons
- Only international phone calls available
