RoboForex vs Oanda - Fees Review included
Which broker is better RoboForex or Oanda? Our expert assessment conducted according to TU’s own methodology showed that RoboForex is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. Oanda is one of the top brokers in the financial market with the TU Overall Score of 6.8 out of 10. Find out more about TU Overall Score.
| Feature | RoboForex | Oanda |
|---|---|---|
Overall |
4.9 |
4.4 |
4.6 |
5 |
|
4.9 |
4.5 |
|
5 |
3.5 |
|
Investment Instruments |
4.8 |
4.1 |
Platforms and Charting Tools |
4.9 |
4.8 |
Deposit and Withdrawal |
4.8 |
4.2 |
Research |
4.9 |
4.7 |
Education |
4.8 |
4.5 |
Support |
5.0 |
4.8 |
Bonuses |
5 |
4.6 |
|
|
|
RoboForex vs Oanda: Pros and Cons
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.
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
| RoboForex | Oanda | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:2000 | Regulated by a range of reputable financial bodies |
| Near 9000 supported trading assets | Real-time news and fundamental analysis tools | |
| Low trading and non trading fees | localized and multilingual phone support | |
| Passive income with copy trading | User-friendly platform for new forex traders | |
| Great bonus programs | Outstanding research tools | |
| Instant withdrawal of funds | Financial information publicly available | |
| Best choice of Forex EA, Forex bots builder | High educational value through written content and videos | |
| Advanced trading platforms | Orders get executed with no requotes | |
| Deposit minimum as low as $1 | ||
| Overall Cons | Lack of cryptocurrency tools when trading on the R Trader platform | No programs offering bonus |
| A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime | Slow withdrawal of funds |
RoboForex vs Oanda: Safety and Regulation
| RoboForex | Oanda | |
|---|---|---|
Max. Regulation Level |
Tier-3 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 SGD 75,000 $500,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
Yes |
MAS |
No |
Yes |
FSCA SA |
No |
No |
BVI FSC |
No |
Yes |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
RoboForex vs Oanda: Trading Conditions
| Trading Conditions | RoboForex | Oanda |
|---|---|---|
Minimum Deposit |
$10 |
No minimum deposit |
Trading Platforms |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
MT4, OANDA, TradingView |
Max Leverage (Futures) |
1-2000 |
1-50 |
Supported Markets |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Trading assets |
8700+ |
120+ |
Trading Accounts |
Pro, Pro Cent, ECN, Prime |
Standard, Core, and Swap-free |
Base Account Currencies |
USD, EUR |
USD, EUR, HKD, SGD |
RoboForex vs Oanda: Fees
| RoboForex | Oanda | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,1 |
Standard acc. spread EUR/USD, max pips |
2 |
0,5 |
ECN Commission |
2 |
3,5 |
ECN Spread EUR/USD |
0,2 |
0,15 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
0-4 |
No |
Withdrawal fee, USD |
0-1,3 |
0-15 |
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.
RoboForex vs Oanda: Trading Assets
| Asset Name | RoboForex | Oanda |
|---|---|---|
Overall |
9700+ trading assets |
120+trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
RoboForex or Oanda: Investment Programs
| Asset Name | RoboForex | Oanda |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Oanda or RoboForex
| RoboForex | Oanda | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
R StocksTrader, RoboForex Terminals |
Oanda |
Others |
No |
No |
|
|
|
RoboForex vs Oanda: Deposit and Withdrawal Methods
| RoboForex | Oanda | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
RoboForex vs Oanda: Research
| Research Type | RoboForex | Oanda |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
RoboForex vs Oanda: Education
| Education Type | RoboForex | Oanda |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
Oanda vs RoboForex: Support
| Support Features | RoboForex | Oanda |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
RoboForex vs Oanda: Forex Bonuses and Promo
| Promo | RoboForex | Oanda |
|---|---|---|
Forex Bonus |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Yes (Not for all countries) |
Affiliate Program |
Up to 40% of trading commissions |
Yes |
Other Promos |
Rebates and commission markdowns |
|
|
|
|
Top 5 Reviews on Oanda
-
Comment
I considered Oanda as a platform for portfolio diversification. What attracted me was its stability — the broker has been operating since 1996 and is regulated in four jurisdictions. Liquidity is provided by major banks, including JPMorgan and Deutsche Bank, which adds confidence in order execution without slippage.
-
Comment
The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.
-
Comment
When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.
-
Comment
The conditions at OANDA are average, so I can give this broker a decent rating.
-
Comment
I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.
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.
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.
