XM Group vs RoboForex (RoboMarkets) Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare XM Group vs RoboForex (RoboMarkets).
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). XM Group is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA) via its parent company's other brand Trading.com, and regulated in the European Union via the MiFID passporting system.
Can I trust RoboForex (RoboMarkets)?
RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). RoboForex is authorised by the following Tier-1 regulator: Regulated in the European Union via the MiFID passporting system.
Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
Is RoboForex (RoboMarkets) good?
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
What is the minimum deposit requirement for opening an account with XM Group?
To open a trading account with XM Group, you'll need to make an initial minimum deposit of $5.
What is the minimum deposit requirement for opening an account with RoboForex (RoboMarkets)?
RoboForex (RoboMarkets) requires a minimum deposit of $100 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. XM Group offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas RoboForex (RoboMarkets) provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
Does XM Group or RoboForex (RoboMarkets) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that XM Group offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is XM Group or RoboForex (RoboMarkets) safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that XM Group holds 4 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 1. XM Group holds 1 global Tier-2 licenses, while RoboForex (RoboMarkets) holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that XM Group (88) earned a higher Trust Score than RoboForex (RoboMarkets) (71).
Which trading platform is better: XM Group or RoboForex (RoboMarkets)?
To compare the trading platforms of both XM Group and RoboForex (RoboMarkets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.
Here’s what trading platforms are available at XM Group:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
Here’s what trading platforms are available at RoboForex (RoboMarkets):
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both XM Group and RoboForex (RoboMarkets) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. XM Group and RoboForex (RoboMarkets) both offer copy trading.
What can I trade with each broker?
XM Group provides traders 55 currency pairs (e.g., EUR/USD) compared to RoboForex (RoboMarkets)'s 36 available pairs. If you are interested in trading CFDs, RoboForex (RoboMarkets) offers traders access to 12000 CFDs, while XM Group offers access to 1429 CFDs; so RoboForex (RoboMarkets) offers 10571 more CFDs than XM Group.
We found in our testing that RoboForex (RoboMarkets) offers a more diverse selection of investment options than XM Group, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.
Overall winner: XM Group
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.