This contrast guide helps customers who have a hard time to select between OANDA and RoboForex to discover the most effective online broker for their trading and investment requirements. It evaluates the main features of the two brokers side-by-side to aid individuals contrast their solution and make an educated decision.
To assist users select the ideal broker between OANDA and RoboForex to locate the best-suited system, below is a checklist of broker’s pros and cons, complied with by a contrast of their major trading functions, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, assets, regulation, and client support.
OANDA vs. RoboForex: Summary
OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.
OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]
OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]
RoboForex is a forex and CFD broker regulated by the IFSC. They provide users access to over 12,000 tradable instruments including CFDs on stocks, futures, indices, cryptocurrencies, and forex.
RoboForex users can choose between various platforms including a proprietary platform (RoboForex Terminals), MetaTrader 4, MetaTrader 5, and cTrader.
RoboForex offers competitive trading fees compared to similar brokers in the industry (Pepperstone and IC Markets). They charge tight spreads from 0.0 pips EUR/USD and an additional commission. Apart from that, RoboForex doesn’t charge hidden commissions or fees. The maximum leverage at RoboForex is 1:2000 and all clients get access to a free VPS server.
RoboForex’s customer support is available by email, phone, and live chat in English, Arabic, and over 10 other languages.
Pros
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- Regulated by six top-tier authorities globally, ensuring high compliance standards.
- Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
- No minimum deposit required, accessible for all traders.
- Provides robust research tools with daily market updates.
- Supports automated trading via APIs and MetaTrader 4.
[Note: Offerings and benefits may vary by division.]
Cons
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- Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
- Customer service response times can be slower than expected.
- Limited product range beyond forex and cryptos in OANDA Corporation (US division).
- Withdrawal fees apply for bank transfers (e.g., $20 in US division).
- No MetaTrader 5 access in OANDA Corporation (US division).
[Note: Drawbacks may vary by division.]
Pros
- Low minimum deposit ($10)
- Forex spreads from 0.0 pips (EUR/USD)
- MT4, MT5 and cTrader integration
- Excellent customer support
- Access to 12,000 tradable assets
- Availability of copy trading tools (CopyFX)
Cons
- Floating spreads
- Limited banking options available
Key features
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- OANDA Trade platform with TradingView charts for advanced analysis.
- Mobile app supports trading with real-time data and alerts.
- Educational resources include webinars, tutorials, and articles.
- Negative balance protection offered in certain divisions (e.g., EU).
- Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
[Note: Features and availability differ by region.]
Key features
- Access to 12,000 financial instruments
- High welcome and profit share bonuses
- Access to Expert Advisors (EA’s) through the R StocksTrader Strategy Builder
- Social trading via CopyFX
- Intuitive mobile trading app
OANDA vs. RoboForex Comparison
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OANDA
RoboForex
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:50 | 2000:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $20 + Fee | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after 12 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.3 | 1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 31 | 7 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $10.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 12000 |
| ETF & Funds | 0 | 1000 |
| Crypto | 0 | |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 68 | 40 |
| CFD Indices & Funds | 12 | 1100 |
| CFD Stocks | 0 | 12000 |
| CFD Commodities | 35 | 100 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 3 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
OANDA vs. RoboForex Comparison Conclusion
The results of our contrast of OANDA vs. RoboForex are involved the table listed below.
| Broker: | Best For: |
| OANDA | Forex and CFDs |
| RoboForex | Forex and CFDs and Welcome bonuses |
Selecting the best option in between OANDA and RoboForex can be tough. Both online brokers have similarities however differ relating to trading tools, platforms & applications, regulation, down payment & withdrawals, and research study and education. Picking the very best broker depends on individuals’ trading & financial investment objectives, specific choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.