Roboforex vs XM Comparison
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 Roboforex and XM
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 4.4/5 | 4.2/5 |
| Foundation Year | 2009 | 2009 |
| Regulated in Countries | Belize | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Roboforex Review | XM Review |
Roboforex is suitable for both beginners and professional traders, thanks to its impeccable reputation, reliability, and fair conditions.
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
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:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | Roboforex | XM |
|---|---|---|
| Reliability | 3.6/5 | 5/5 |
| Foundation Year | 2009 | 2009 |
| Regulated in Countries | Belize | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | BFSC BFSC | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
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.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | Roboforex | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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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.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | Roboforex | XM |
|---|---|---|
| Account Types | 4.8/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
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
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels.
- Flexible trading conditions (leverage, deposit).
- Specialized accounts for stock trading.
Cons
- No fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | Roboforex | XM |
|---|---|---|
| Commissions | 3.7/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.4 | 1.7 |
| Commission per Lot | $2.16 |
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.
XM
XM's commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
Deposit and Withdrawal
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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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
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals.
- A minimum limit of only 5 dollars.
- Quick processing of withdrawal requests.
Cons
- No cryptocurrency deposit/withdrawal options.
Markets and Products
| Broker | Roboforex | XM |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 33 | 55 |
| Precious Metals | 5 | 3 |
| Energy Carriers | 2 | 3 |
| Soft Commodities | 4 | 8 |
| Indices | 12 | 50 |
| Stocks | 8400 | 1307 |
| ETF | 19 | - |
| Cryptocurrency | - | 58 |
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.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs.
- Access to CFDs on various assets.
- The ability to trade cryptocurrencies.
Trading Platforms
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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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.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile).
- MultiTerminal for managing multiple accounts.
- WebTrader for browser-based trading.
Cons
- No alternatives to MetaTrader.
Analytics
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
Roboforex
RoboForex provides extensive analytical tools and materials, including an analytics center, market forecasts, an economic calendar, and a trading calculator.
XM
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
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
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars.
- Available in different languages.
- Daily online sessions with experts.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | Roboforex | XM |
|---|---|---|
| Rating | 4.7/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Telegram
Viber
Whatsapp
Skype
Twitter
YouTube
LinkedInRoboforex
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
XM
XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
