OandA vs. RoboForex Comparison

This contrast guide helps customers who have a hard time to select between OandA and RoboForex to discover the most effective online broker for their trading and investment requirements. It evaluates the main features of the two brokers side-by-side to aid individuals contrast their solution and make an educated decision.

To assist users select the ideal broker between OandA and RoboForex to locate the best-suited system, below is a checklist of broker’s pros and cons, complied with by a contrast of their major trading functions, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, assets, regulation, and client support.

OandA vs. RoboForex: Summary

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

roboforex-logo

RoboForex is a forex and CFD broker regulated by the IFSC. They provide users access to over 12,000 tradable instruments including CFDs on stocks, futures, indices, cryptocurrencies, and forex.

RoboForex users can choose between various platforms including a proprietary platform (RoboForex Terminals), MetaTrader 4, MetaTrader 5, and cTrader.

RoboForex offers competitive trading fees compared to similar brokers in the industry (Pepperstone and IC Markets). They charge tight spreads from 0.0 pips EUR/USD and an additional commission. Apart from that, RoboForex doesn’t charge hidden commissions or fees. The maximum leverage at RoboForex is 1:2000 and all clients get access to a free VPS server.

RoboForex’s customer support is available by email, phone, and live chat in English, Arabic, and over 10 other languages.

Pros

  • Low minimum deposit ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

Pros

  • Low minimum deposit ($10)
  • Forex spreads from 0.0 pips (EUR/USD)
  • MT4, MT5 and cTrader integration
  • Excellent customer support
  • Access to 12,000 tradable assets
  • Availability of copy trading tools (CopyFX)

Cons

  • Floating spreads
  • Limited banking options available

Key features

  • Access to 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Key features

  • Access to 12,000 financial instruments
  • High welcome and profit share bonuses
  • Access to Expert Advisors (EA’s) through the R StocksTrader Strategy Builder
  • Social trading via CopyFX
  • Intuitive mobile trading app

OandA vs. RoboForex Comparison

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Compare brokers
Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

roboforex-logo

RoboForex

Open account Read review

79.43% of retail investor accounts lose money when trading CFDs

BROKER COMPARISON

Oanda logo
roboforex-logo

Overall rating

3,8/5

4,3/5

Overall rating

3,8/5

4,3/5

Trading Platform & Tools

3.9

4.3

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 2000:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.1

4.6

See details
Withdrawal Fee $20 + Fee 0
Deposit Fee 0 0
Inactivity Fee $10 a month after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.3 1
Stocks & ETF 0 0
CFD (Gold) 31 7
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.4

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.1

See details
Minimum deposit (in UAE) 0 $10.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

3.8

See details
Shares 0 12000
ETF & Funds 0 1000
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 70 40
CFD Indices & Funds 12 1100
CFD Stocks 0 12000
CFD Commodities 35 100
CFD Crypto 0 0
CFD Bonds 3 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.6

3.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.7

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

OandA vs. RoboForex Comparison Conclusion

The results of our contrast of OandA vs. RoboForex are involved the table listed below.

Broker:Best For:
OandAForex and CFDs
RoboForexForex and CFDs and Welcome bonuses

Selecting the best option in between OandA and RoboForex can be tough. Both online brokers have similarities however differ relating to trading tools, platforms & applications, regulation, down payment & withdrawals, and research study and education. Picking the very best broker depends on individuals’ trading & financial investment objectives, specific choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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