XM vs RoboForex - Fees Review included
Which broker is better XM or RoboForex? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9.1 out of 10. RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. Find out more about TU Overall Score.
| Feature | XM | RoboForex |
|---|---|---|
Overall |
4.5 |
4.9 |
4.9 |
4.6 |
|
4.3 |
4.9 |
|
4.4 |
5 |
|
Investment Instruments |
4.4 |
4.8 |
Platforms and Charting Tools |
4.6 |
4.9 |
Deposit and Withdrawal |
4.7 |
4.8 |
Research |
5 |
4.9 |
Education |
5 |
4.8 |
Support |
4.6 |
5.0 |
Bonuses |
5 |
5 |
|
|
|
XM vs RoboForex: Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | RoboForex | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Trading With Leverage up to 1:2000 |
| Strong research tools | Near 9000 supported trading assets | |
| Strong education | Low trading and non trading fees | |
| Big Forex bonuses | Passive income with copy trading | |
| Free deposit and withdrawal | Great bonus programs | |
| Instant withdrawal | Instant withdrawal of funds | |
| 1000+ trading assets | Best choice of Forex EA, Forex bots builder | |
| Advanced trading platforms | ||
| Overall Cons | High spreads | 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 |
XM vs RoboForex: Safety and Regulation
| XM | RoboForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-3 |
Investor protection |
£85,000 €20,000 |
€20,000 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
XM vs RoboForex: Trading Conditions
| Trading Conditions | XM | RoboForex |
|---|---|---|
Minimum Deposit |
$5 |
$10 |
Trading Platforms |
MT4, MT5 |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-2000 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Trading assets |
1300+ |
8700+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Pro, Pro Cent, ECN, Prime |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR |
XM vs RoboForex: Fees
| XM | RoboForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,2 |
2 |
ECN Commission |
3,5 |
2 |
ECN Spread EUR/USD |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-4 |
Withdrawal fee, USD |
No |
0-1,3 |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs RoboForex: Trading Assets
| Asset Name | XM | RoboForex |
|---|---|---|
Overall |
1300+ |
9700+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or RoboForex: Investment Programs
| Asset Name | XM | RoboForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: RoboForex or XM
| XM | RoboForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
No |
R StocksTrader, RoboForex Terminals |
Others |
No |
No |
|
|
|
XM vs RoboForex: Deposit and Withdrawal Methods
| XM | RoboForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs RoboForex: Research
| Research Type | XM | RoboForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
XM vs RoboForex: Education
| Education Type | XM | RoboForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
RoboForex vs XM: Support
| Support Features | XM | RoboForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XM vs RoboForex: Forex Bonuses and Promo
| Promo | XM | RoboForex |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
Multi tier affiliate program |
Up to 40% of trading commissions |
Other Promos |
||
|
|
|
Top 5 Reviews on RoboForex
-
Comment
I have been working with RoboForex for three years. The advantages include high reliability, regulation by FSC Belize, and membership in The Financial Commission with protection up to €20,000. There was a technical issue with a withdrawal once, but it was resolved through support within 2 hours, and compensation was credited automatically. I mainly use CopyFx, copying trades from traders with returns of over 8% per month. In 2024, my account grew by 28%. The platform is user-friendly, with both a mobile version and a web trader available.
-
Comment
RoboForex turned out to be a perfect fit for trading small volumes: they offer micro accounts (ProCent) with a minimum lot size of 0.01, and the entry threshold is just $10. In two months, I grew my initial deposit from $30 to $67 by trading currencies and gold. I really liked that the broker doesn’t charge any deposit fees, and you can withdraw funds anytime via Skrill or bank transfer. Tested and confirmed: the money arrives within 24 hours.
-
Comment
I found the broker RoboForex through the Traders Union ranking — it currently holds the number one spot among forex brokers in Ukraine. I opened an account to trade U.S. stocks via StocksTrader: over 12,000 instruments available, including CFDs on Apple, Nvidia, Google, and Tesla shares. The minimum deposit on StocksTrader is $100, but the commissions are low and the trading dashboard is user-friendly. In the first quarter, I made a 14% profit trading stocks and ETFs. The high-quality analytics and educational materials on the website are also a big plus.
-
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.
Top 5 Reviews on XM
-
Comment
I liked that XM Group pays a lot of attention to beginners. The minimum order starts from 0.01 lots, and the margin requirements are clearly stated: margin call at 50%, stop-out at 20%. I opened an account in US dollars, but EUR, GBP, JPY, and many other currencies are also available. Within a month, I earned my first $120 using simple strategies on EUR/USD, and all trades were executed without delays. Another advantage is the detailed educational section and webinars from the broker’s analysts.
-
Comment
XM Group offers convenient support — available five days a week via chat and email. I once had to resolve a verification issue, and everything was handled within 30 minutes. I was pleased with the wide selection of terminals: although all are MetaTrader, there are 16 different versions for various devices. I trade on both my smartphone and laptop without any problems. Another plus is the full report on all commissions and transparent conditions — I’ve never encountered any hidden fees.
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
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.