RoboMarkets vs eToro - Fees Review included
Which broker is better RoboMarkets or eToro? Our expert assessment conducted according to TU’s own methodology showed that RoboMarkets is one of the top brokers in the financial market with the TU Overall Score of 4.14 out of 10. eToro is one of the top brokers in the financial market with the TU Overall Score of 5.7 out of 10. Find out more about TU Overall Score.
| Feature | RoboMarkets | eToro |
|---|---|---|
Overall |
4.0 |
4.8 |
4.0 |
5.0 |
|
4.2 |
4.7 |
|
4.5 |
4.9 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
4.7 |
4.1 |
Deposit and Withdrawal |
3.9 |
4.5 |
Research |
5 |
5 |
Education |
5 |
4.3 |
Support |
4.1 |
4.2 |
Bonuses |
3.9 |
1 |
|
|
RoboMarkets vs eToro: Pros and Cons
RoboMarkets Ltd is authorized and regulated by the CySEC under license number 191/13. To ensure maximum safety of customer funds, RoboMarkets keeps them separated from the company’s operational funds in order to prevent any unlawful or fraudulent usage of these funds. RoboMarkets offers some of the most competitive trading conditions. Since its creation in 2012, RoboMarkets has been focusing on providing favorable conditions of cooperation for both customers and partners. RoboMarkets Ltd is an award-winning brokerage and a truly reliable partner in the financial markets
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
| RoboMarkets | eToro | |
|---|---|---|
| Overall Pros | Flexible tariff policy suitable for traders with any level of knowledge and experience | Mobile app for trading from smartphones |
| Direct access to the securities market with 12000+ assets through the professional platform R StocksTrader | Highly licensed and regulated broker | |
| The strategy builder built into the R StocksTrader platform allows you to create a trading system based on ready-made templates without knowing the code, converting it into an Expert Advisor | eToro charges a fixed withdrawal fee of $5 USD | |
| Full transparency of trading conditions. Maximum information in the FAQ, answers to any questions about the broker's products and trading | The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | |
| VPS server with a symbolic commission of 10 USD per month for each verified trader | The funds of eToro clients are held at the licensed US banks | |
| There is a cent account for working out strategies in the real market | ||
| Overall Cons | The average speed of execution of transactions is from 0.1 seconds or from 100 ms. This is the market average | Customer support can be only contacted by tickets |
| There are restrictions in the withdrawal policy: there is a minimum withdrawal amount, commission |
RoboMarkets vs eToro: Safety and Regulation
| Regulated By: | RoboMarkets | eToro |
|---|---|---|
US Regulation |
No |
Yes (eToro US) |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
Member of a compensation fund IFC, that guarantees payments of up to 20 thousand EUR in case of problems with the broker |
Seychelles FSA |
RoboMarkets vs eToro: Trading Conditions
| Trading Conditions | RoboMarkets | eToro |
|---|---|---|
Minimum Deposit |
$100 |
$50 |
Trading Platforms |
МТ4, МТ5, R StocksTrader, R WebTrader, R MobileTrader |
eToro |
Max Leverage (Futures) |
1-500 |
1:30 |
Supported Markets |
Forex, Commodities, Metalls, Energies, Indices, Cryptocurrency, Stocks, ETF. Direct access to the exchange securities market |
Forex, Stocks, Indices, Commodities, Crypto |
Trading assets |
12000+ |
1000+ |
Trading Accounts |
ECN, Pro, Pro Cent, Prime |
Standard, Demo |
Base Account Currencies |
EUR, USD, GBP (Prime Account - USD, EUR, CHF, GBP, GOLD) |
USD |
RoboMarkets vs eToro: Fees
Forex Trading Fees
| Fee | RoboMarkets | eToro |
|---|---|---|
Standard Account EURUSD Average Spread |
From 1.3 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
Not supported |
ECN Account EUR Average Spread |
From 0 pips |
Not supported |
CFD Trading Fees
| Fee | RoboMarkets | eToro |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | RoboMarkets | eToro |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1%-2.4% |
$5 |
Inactivity Fee |
No |
$10 per month after 12 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
RoboMarkets vs eToro: Trading Assets
| Asset Name | RoboMarkets | eToro |
|---|---|---|
Overall |
12000+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes |
No |
Bonds |
Yes |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
RoboMarkets or eToro: Investment Programs
| Asset Name | RoboMarkets | eToro |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: eToro or RoboMarkets
| RoboMarkets | eToro | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
eToro |
Others |
R StocksTrader |
No |
|
|
RoboMarkets vs eToro: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | RoboMarkets | eToro |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
RoboMarkets vs eToro: Research
| Research Type | RoboMarkets | eToro |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
RoboMarkets vs eToro: Education
| Education Type | RoboMarkets | eToro |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
eToro vs RoboMarkets: Support
| Support Features | RoboMarkets | eToro |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
feedback form |
No |
RoboMarkets vs eToro: Forex Bonuses and Promo
| Promo | RoboMarkets | eToro |
|---|---|---|
Forex Bonus |
Classic bonus up to 120% for the first and subsequent deposits, cashbacks and 5-15% rebate depending on the type of account |
No |
Affiliate Program |
Reward up to 300 euros for each attracted trader |
$100-250 per trader |
Other Promos |
No |
|
|
|
Top 5 Reviews on eToro
-
Comment
Stability in trading is the most important thing that I note in a broker’s operation. There are a lot of scams now, and finding a good broker is now very difficult. The regulator's license is important, but the company's presence on the market is more important. Entrusting the service to someone who has been operating for many years is the best idea. I have decided on eToro.
-
Comment
eToro is the first broker where I am not bothered with requotes. They haven’t occurred in 3 months even at high activity. It is clear that eToro has a thorough approach to work; the equipment is not cheap.
-
Comment
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
-
Comment
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
-
Comment
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
Top 5 Reviews on RoboMarkets
-
Comment
I came to RoboMarkets on my friend’s advice. He has been trading with it for almost a year and praises everything to me. I had an account with another broker, but decided to open an account with RoboMarkets for diversification. It’s already the third month of trading here and the broker has no problems with execution or the first withdrawal. I think pending trades will be closed these days and I will submit the second withdrawal request.
-
Comment
Robo Markets is a good broker, there are no problems. I have withdrawn $1,000 from RoboMarkets 3 times already, everything is fine. I have been trading here for 6 months in the medium term and I have not noticed any slippages or drawings.
-
Comment
I like working with RoboMarkets. I have never had any complaints about it. I rate the client service 4+, but the conditions, withdrawals, and the company’s honesty - 5! I confidently trust RoboMarkets, as six months of working with the broker means a lot to me.
-
Comment
Let me first say that I started working with robomarkets after several attempts to trade in bucket shops, where trading, to put it mildly, did not work out very well. My impressions of RoboMarkets are positive, especially when compared with my previous “brokers”. Spreads are normal and the trading platform is fast. The execution speed is not low, it is suitable for scalping and trading with robots. There are also disadvantages, but they are not worth discussing.
-
Comment
I’ve been trading with RoboMarkets for 4 years. So far everything is fine and according to the rules. If you violate the regulations, most likely they will check your trading account; if you trade without violations, there are no troubles. My advice to everyone: read the regulations before registering an account with any company.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!