Comparison of RoboForex and XM
| Feature | RoboForex | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2009 | 2009 |
| Broker Type | MM, STP, ECN | MM |
| Dealing | A-book, B-book | B-book |
| Execution | Market | Market |
| Regulation | BFSC | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:2000 | 1:1000 |
| Minimum Deposit | $10 | $5 |
| Base Currencies | USD, EUR, CNY, XAU | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | ✖ | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Financialcommission.org | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | RoboForex Review | XM Review |
About RoboForex
RoboForex is a well-established Forex broker founded in 2009, offering a comprehensive range of trading services to both novice and experienced traders worldwide. Renowned for its diverse account types, including ECN and Prime accounts, RoboForex provides access to a wide array of financial instruments such as Forex, stocks, and CFDs. The broker supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R StocksTrader platform, ensuring flexibility and advanced trading capabilities. With competitive spreads, various leverage options, and a robust regulatory framework under the Belize Financial Services Commission (BFSC), RoboForex emphasizes security, transparency, and user-friendly services. Additionally, it offers educational resources, automated trading solutions, and responsive customer support, making it a versatile choice for traders seeking a reliable and feature-rich trading environment.
Pros
- Offers multiple account options
- Access to over 12,000 financial instruments
- Supports popular platforms like MetaTrader 4, MetaTrader 5, and the proprietary R StocksTrader platform
- Offers competitive spreads and high leverage options
- Provides a wealth of educational materials
- Compatible with various automated trading systems and APIs
- Offers 24/5 multilingual customer support through live chat, email, and phone, ensuring timely assistance
- Regularly features promotional offers and bonuses
Cons
- Regulation solely by the BFSC, which may be considered less stringent compared to other major regulatory bodies like FCA or CySEC
- Lack of fixed spread account options might be a drawback for traders who prefer consistent spreads irrespective of market conditions
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
RoboForex & XM Regulation
| Feature | RoboForex | XM |
|---|---|---|
Companies | RoboForex Ltd | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Belize | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | BFSC | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Financialcommission.org | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
RoboForex
RoboForex Ltd
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
RoboForex
Belize
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
RoboForex
BFSC
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
RoboForex
Financialcommission.org
XM
Investor Compensation Fund (ICF)
Investor Protection Size
RoboForex
€20 000
XM
€20 000
Publicly Traded
RoboForex
XM
Segregated Accounts
RoboForex
XM
Guaranteed Stop Loss
RoboForex
XM
Negative Balance Protection
RoboForex
XM
Account Types
| Account | RoboForex | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
STP Account | ||
| Account Name | Pro | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.3 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 20% | — |
| Margin Call | 50% | — |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $4 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 40% | — |
| Margin Call | 60% | — |
Zero Account | ||
| Account Name | Prime | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $2 per 1 lot | — |
| Max Leverage | 1:300 | — |
| Stop Out | 100% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | Pro-Cent | Micro |
| Min Deposit | $10 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1.3 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:2000 | 1:1000 |
| Stop Out | 40% | 20% |
| Margin Call | 20% | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
RoboForex
—
XM
Standard
Min Deposit
RoboForex
—
XM
$5
Lot Size
RoboForex
—
XM
0.01
Spread Type
RoboForex
—
XM
Floating
Execution
RoboForex
—
XM
Market
Min Spread
RoboForex
—
XM
1.6
Fee
RoboForex
—
XM
No
Max Leverage
RoboForex
—
XM
1:1000
Stop Out
RoboForex
—
XM
20%
Margin Call
RoboForex
—
XM
50%
STP Account
Account Name
RoboForex
Pro
XM
—
Min Deposit
RoboForex
$10
XM
—
Lot Size
RoboForex
0.01
XM
—
Spread Type
RoboForex
Floating
XM
—
Execution
RoboForex
Market
XM
—
Min Spread
RoboForex
1.3
XM
—
Fee
RoboForex
No
XM
—
Max Leverage
RoboForex
1:2000
XM
—
Stop Out
RoboForex
20%
XM
—
Margin Call
RoboForex
50%
XM
—
ECN Account
Account Name
RoboForex
ECN
XM
—
Min Deposit
RoboForex
$10
XM
—
Lot Size
RoboForex
0.01
XM
—
Spread Type
RoboForex
Floating
XM
—
Execution
RoboForex
Market
XM
—
Min Spread
RoboForex
0.1
XM
—
Fee
RoboForex
$4 per 1 lot
XM
—
Max Leverage
RoboForex
1:500
XM
—
Stop Out
RoboForex
40%
XM
—
Margin Call
RoboForex
60%
XM
—
Zero Account
Account Name
RoboForex
Prime
XM
—
Min Deposit
RoboForex
$10
XM
—
Lot Size
RoboForex
0.01
XM
—
Spread Type
RoboForex
Floating
XM
—
Execution
RoboForex
Market
XM
—
Min Spread
RoboForex
0
XM
—
Fee
RoboForex
$2 per 1 lot
XM
—
Max Leverage
RoboForex
1:300
XM
—
Stop Out
RoboForex
100%
XM
—
Margin Call
RoboForex
100%
XM
—
Cent Account
Account Name
RoboForex
Pro-Cent
XM
Micro
Min Deposit
RoboForex
$10
XM
$5
Lot Size
RoboForex
0.01
XM
0.01
Spread Type
RoboForex
Floating
XM
Floating
Execution
RoboForex
Market
XM
Market
Min Spread
RoboForex
1.3
XM
1.6
Fee
RoboForex
No
XM
No
Max Leverage
RoboForex
1:2000
XM
1:1000
Stop Out
RoboForex
40%
XM
20%
Margin Call
RoboForex
20%
XM
50%
Additional Features
Demo Account
RoboForex
XM
VIP Account
RoboForex
XM
Swap-Free Account
RoboForex
XM
Copy Trading
RoboForex
XM
VPS
RoboForex
XM
PAMM/MAM Accounts
RoboForex
XM
Funding and Fees
| Feature | RoboForex | XM |
|---|---|---|
Base currencies | USD, EUR, CNY, XAU | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $15 after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
RoboForex
USD, EUR, CNY, XAU
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
RoboForex
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
RoboForex
XM
$15 after 12 months
Interest on margin
RoboForex
XM
Withdrawal fee
RoboForex
XM
Trading Platforms and Conditions
| Feature | RoboForex | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 40 ms | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
RoboForex
MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
RoboForex
40 ms
XM
0 ms
Scalping
RoboForex
XM
Expert Advisors (EAs)
RoboForex
XM
Depth of Market (DOM)
RoboForex
XM
Spread
RoboForex
low
XM
low
Trading Assets
| Asset | RoboForex | XM |
|---|---|---|
Currencies | 33 | 55 |
Indices | 12 | 50 |
Stocks | 8400 | 1307 |
Cryptocurrencies | 11 | 58 |
Bonds | 0 | 0 |
Metals | 5 | 3 |
Energies | 2 | 3 |
Soft Commodities | 4 | 8 |
ETFs | 19 | 0 |
Currencies
RoboForex
33
XM
55
Indices
RoboForex
12
XM
50
Stocks
RoboForex
8400
XM
1307
Cryptocurrencies
RoboForex
11
XM
58
Bonds
RoboForex
0
XM
0
Metals
RoboForex
5
XM
3
Energies
RoboForex
2
XM
3
Soft Commodities
RoboForex
4
XM
8
ETFs
RoboForex
19
XM
0
Education and Analytics
| Feature | RoboForex | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
RoboForex
XM
Indicators
RoboForex
XM
Robots
RoboForex
XM
Signals
RoboForex
XM
Autochartist
RoboForex
XM
Expert Analytics
RoboForex
XM
News Feed
RoboForex
XM
Education Articles
RoboForex
XM
Webinars
RoboForex
XM
Seminars
RoboForex
XM
Bonuses
| Bonus | RoboForex | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | $30 | 100%, up to $5000 |
| Details | Learn More | Learn More |
Welcome Bonus
Is available
RoboForex
XM
Size
RoboForex
$30
XM
100%, up to $5000
Details
RoboForex
Contests
| Feature | RoboForex | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Live Contests
Is available
RoboForex
XM
Contests List
RoboForex
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | RoboForex | XM |
|---|---|---|
Email | info@roboforex.com | support@xm.com |
Phone | +593964256286 | +5012236696 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Email
RoboForex
Phone
RoboForex
Telegram
RoboForex
XM
—
LinkedIn
RoboForex
—
XM
TikTok
RoboForex
—
XM
Which Broker is Better?
After comparing RoboForex and XM, RoboForex comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.