Interactive Brokers vs RoboForex - Fees Review included
Which broker is better Interactive Brokers or RoboForex? Our expert assessment conducted according to TU’s own methodology showed that Interactive Brokers is one of the top brokers in the financial market with the TU Overall Score of 7.45 out of 10. RoboForex is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. Find out more about TU Overall Score.
| Feature | Interactive Brokers | RoboForex |
|---|---|---|
Overall |
4.9 |
4.9 |
5 |
4.6 |
|
4.9 |
4.9 |
|
5 |
5 |
|
Investment Instruments |
4.2 |
4.8 |
Platforms and Charting Tools |
5 |
4.9 |
Deposit and Withdrawal |
4.1 |
4.8 |
Research |
4.7 |
4.9 |
Education |
4.5 |
4.8 |
Support |
4.2 |
5.0 |
Bonuses |
3.1 |
5 |
|
|
|
Interactive Brokers vs RoboForex: Pros and Cons
The biggest international broker
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
| Interactive Brokers | RoboForex | |
|---|---|---|
| Overall Pros | Access to 135 markets in 33 countries | Trading With Leverage up to 1:2000 |
| 30.000+ trading instruments | Near 9000 supported trading assets | |
| Regulated in the US, UK and 8 other countries | Low trading and non trading fees | |
| Advanced trading platform | Passive income with copy trading | |
| Free stocks for registration | Great bonus programs | |
| Low fees | Instant withdrawal of funds | |
| Low margin rates | Best choice of Forex EA, Forex bots builder | |
| Nasdaq Listed company | Advanced trading platforms | |
| 25 supported account currencies | ||
| Overall Cons | long and complex registration procedure | Lack of cryptocurrency tools when trading on the R Trader platform |
| A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime |
Interactive Brokers vs RoboForex: Safety and Regulation
| Interactive Brokers | RoboForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-3 |
Investor protection |
$500,000 £85,000 |
€20,000 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
Yes |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
Yes |
No |
MAS |
Yes |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Interactive Brokers vs RoboForex: Trading Conditions
| Trading Conditions | Interactive Brokers | RoboForex |
|---|---|---|
Minimum Deposit |
$0 |
$10 |
Trading Platforms |
IB Trader Workstation, IBKR GlobalTrader, Client Portal |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
Max Leverage (Futures) |
1-50 |
1-2000 |
Supported Markets |
Stocks, Forex, ETFs, Mutual Funds, Bonds, Stock options, Commodity Futures, Currency futures, Cryptocurrencies, Robo-portfolios, hedge funds |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Trading assets |
30000+ |
8700+ |
Trading Accounts |
Cash account, margin account |
Pro, Pro Cent, ECN, Prime |
Base Account Currencies |
USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NZD, NOK, PLN, SGD, SEK, CHF, CNH |
USD, EUR |
Interactive Brokers vs RoboForex: Fees
| Interactive Brokers | RoboForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,2 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,8 |
2 |
ECN Commission |
2 |
2 |
ECN Spread EUR/USD |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
Yes |
0-4 |
Withdrawal fee, USD |
Yes |
0-1,3 |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Interactive Brokers vs RoboForex: Trading Assets
| Asset Name | Interactive Brokers | RoboForex |
|---|---|---|
Overall |
30000+ |
9700+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
Yes |
No |
Mutual funds |
Yes |
No |
Stock options |
Yes |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Interactive Brokers or RoboForex: Investment Programs
| Asset Name | Interactive Brokers | RoboForex |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
Robo-portfolios, hedge funds, Bonds |
No |
Trading Platforms: RoboForex or Interactive Brokers
| Interactive Brokers | RoboForex | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
IB Trader Workstation, IBKR GlobalTrader, Client Portal |
R StocksTrader, RoboForex Terminals |
Others |
No |
No |
|
|
|
Interactive Brokers vs RoboForex: Deposit and Withdrawal Methods
| Interactive Brokers | RoboForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
No |
No |
Neteller |
No |
No |
BTC |
No |
No |
Wise |
Yes |
Yes |
Payoneer |
No |
No |
USDT |
No |
No |
Interactive Brokers vs RoboForex: Research
| Research Type | Interactive Brokers | RoboForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
Yes |
Interactive Brokers vs RoboForex: Education
| Education Type | Interactive Brokers | RoboForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
RoboForex vs Interactive Brokers: Support
| Support Features | Interactive Brokers | RoboForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Community forum, Software bug reports |
No |
Interactive Brokers vs RoboForex: Forex Bonuses and Promo
| Promo | Interactive Brokers | RoboForex |
|---|---|---|
Forex Bonus |
No |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
As Referrer you can earn up to USD 1000 of IBKR stock. The Refer a Friend program allows eligible IBKR clients to refer people to IBKR for a flat fee payment. Residents of Japan, Spain and Israel are not eligible to participate in the program. |
Up to 40% of trading commissions |
Other Promos |
||
|
|
|
Top 5 Reviews on RoboForex
-
Comment
I chose RoboForex for trading currency pairs because of the low minimum deposit of just $10 and the wide range of instruments available. I trade on Pro and ECN accounts, and the spreads really do start from 0 pips, especially on EUR/USD. Over the course of a month, I managed to grow my deposit from $150 to $220 thanks to fast order execution and no slippage. I was pleased with the instant withdrawal — my $50 request was processed within 30 minutes to a Visa card. The MT5 platform is user-friendly and works smoothly on both desktop and mobile.
-
Comment
I chose RoboForex for its combination of high order execution speed and favorable conditions for investors. Spreads start from 0.2 pips, and leverage goes up to 1:2000 — the highest among regulated brokers. I really like the CopyFx investment platform, which allows you to follow successful traders and diversify risks. Most accounts offer free deposits and withdrawals. RoboForex provides reliable fund protection, including negative balance protection, and also safeguards traders’ interests through a compensation fund of up to €20,000.
-
Comment
I consider RoboForex the best broker in terms of the number of available instruments: over 12,000 financial assets, including currencies, stocks, indices, commodities, ETFs, and cryptocurrencies. The minimum deposit is just $10, making it easy to start even without a large initial capital. Trading is available on popular platforms like MT4, MT5, WebTrader, and R StocksTrader. I was pleasantly surprised by the instant processing of withdrawal requests — funds arrive within an hour. Plus, they have a great loyalty program where each participant can get up to 20% commission cashback.
-
Comment
I work with RoboForex because of its high reliability and the wide range of features it offers for active traders. The broker is regulated by the FSC (Belize) and is also a member of The Financial Commission, which provides a compensation fund of up to €20,000. The company has been in the market for over 16 years, which inspires confidence. Key advantages include fast order execution and tight spreads — for most major pairs, spreads consistently stay within 0.2–0.4 pips. The negative balance protection system works flawlessly, and leverage up to 1:2000 allows for efficient capital use.
-
Comment
RoboForex is an excellent choice for those who value a wide range of assets and a low entry threshold. The platform offers five account types: ProCent, Pro, ECN, Prime, and R StocksTrader, as well as a broad selection of account currencies—USD, EUR, GOLD. The minimum trade size starts at 0.01 lots, which is very convenient for testing strategies and managing risks. More than 10 deposit and withdrawal methods are available, including SEPA, bank cards, Skrill, Neteller, AdvCash, Visa/Mastercard, and others. I would also highlight the bonus programs, such as the Welcome Bonus, and the quality mobile version that allows trading and account management from any device.
Top 5 Reviews on Interactive Brokers
-
Comment
What stands out for me with Interactive Brokers is their mobile app. I use the IBKR Mobile app a lot when I’m not at my desk, and it offers pretty much the same experience as the desktop version. The ability to trade everything from stocks to options while on the go is a huge plus. It also has features for international trading, which makes it easy for me to handle trades across multiple markets. The app’s interface is straightforward and user-friendly, allowing me to monitor my portfolio, execute trades, and even access research tools seamlessly. While it might lack some advanced charting features, it’s still one of the most versatile apps I’ve used, especially for global traders like me
-
Comment
I am a client of interactivebrokers and I have never faced any problems during the whole time. I am completely satisfied with the service: the staff is always friendly, responsive and ready to help, which really leaves a good impression. Special thanks to the operators - their attentive attitude to people creates a feeling of care and support. It is a pleasure to work with a company that values its customers and does everything for comfortable service!
-
Comment
As far as my experience is concerned with Interactive Brokers, the thing I love most is the sheer variety of markets available. The GlobalTrader app lets me trade in over 90 different markets, which is super convenient for someone like me who likes to diversify. The interface might feel overwhelming at first, especially on Trader Workstation, but once you get the hang of it, it’s extremely powerful. I also appreciate the competitive pricing and order options that help keep my trading costs low.
-
Comment
Interactive brokers offer a huge variety of trading instruments, which is certainly pleasing. The opportunities for trading and diversification here are excellent. However, there is one minus - the website interface is only partially translated into other languages, and it is a bit disappointing. It would be more convenient if the whole platform was available in different languages, especially for traders who do not speak English.
-
Comment
Interactive Brokers provides access to 135 markets from 33 countries, which is a huge advantage. This allows traders to easily diversify their portfolios and find opportunities around the world. I am very pleased with this broad coverage and the ability to trade in a multitude of international markets.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.