Written by ForexBrokers.com
In this head to head comparison of FP Markets vs RoboForex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets, established in 2005, is a well-regarded online broker with a strong regulatory standing. It holds two Tier-1 licenses and one Tier-2 license, which contribute to its Trust Score of 89 out of 99, categorizing it as a trusted platform by ForexBrokers.com. Despite not being publicly traded or operating as a bank, FP Markets' regulatory compliance and history offer confidence to its clients.
Founded in 2009, RoboForex is another player in the online trading arena, holding one Tier-1 license. It carries a ForexBrokers.com Trust Score of 73, reflecting an average risk level for traders. Similar to FP Markets, RoboForex isn't publicly traded and doesn't have bank status. While it may not match the regulatory presence of FP Markets, it serves traders with a focus on maintaining a dependable service.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing online brokers FP Markets and RoboForex, FP Markets stands out with highly competitive pricing on its MetaTrader and cTrader platforms, especially for its commission-based ECN accounts. FP Markets’ Raw ECN account offers attractive spreads averaging 0.1 pips (0.8 pips all-in with commission) as of October 2023, while its Standard account is pricier with spreads averaging 1.1 pips for the EUR/USD. Additionally, the cTrader platform supports both spread-only and commission-based accounts with a fixed rate of $6 per standard lot for forex trades. In the 2024 Annual Awards, FP Markets received Best in Class for Commissions and Fees, boasting a 5-star rating overall and ranking sixth out of 63 brokers.
FP Markets also differentiates itself with its Iress platform suite in Australia, offering three account types with varying deposit requirements. The Iress ViewPoint accounts are tailored for active, high-balance traders, but lower-tier options like the Iress Investor account offer affordability and reduced features. Despite fees, the platform’s real allure lies in its Direct Market Access (DMA) for share CFDs, enticing traders who seek full depth of book and detailed market insights. In contrast, RoboForex, with a 3.5-star rating and a 55th ranking for Commissions and Fees, offers average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, which are considered high compared to FP Markets' offerings.
For traders prioritizing cost-effective trades, FP Markets is likely a more appealing option with its varied account choices and competitive fee structures. RoboForex, while providing a range of account options, does not match the competitive edge FP Markets offers in terms of cost. Both brokers serve distinct trader profiles, with FP Markets catering to both high-balance, active traders and those seeking modest cost structures, while RoboForex appeals to traders less focused on minimizing spreads and fees.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.3 |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing online brokers FP Markets and RoboForex, it's clear that both offer a wide range of investment options, though there are some notable differences. Both brokers support forex trading as a CFD or spot contract, making them suitable for forex enthusiasts. FP Markets stands out with 10,000 tradeable symbols, including 71 forex pairs, while RoboForex offers 8,400 tradeable symbols with 28 forex pairs. This expanded range at FP Markets can provide more options for traders looking to diversify their trading strategies.
Neither broker provides clients the ability to purchase exchange-traded securities on U.S. or international exchanges, meaning traditional stock investments like Apple or Vodafone are not available. However, both brokers support cryptocurrency derivatives, catering to traders interested in this digital asset class. Additionally, both FP Markets and RoboForex offer copy trading, allowing investors to mirror seasoned traders' strategies. Both platforms receive a 4.5-star rating for their range of investments, although FP Markets ranks slightly higher at #18 compared to RoboForex’s #21 in the same category by ForexBrokers.com.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 8400 |
| Forex Pairs (Total) | 71 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
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When it comes to online trading platforms and tools, both FP Markets and RoboForex offer a range of features catering to different trading needs. Both brokers provide virtual demo accounts, allowing traders to practice without financial risk. FP Markets stands out with its proprietary platform, giving users a unique trading experience, while RoboForex relies on third-party platforms. Both brokers support popular platforms like MetaTrader 4 and MetaTrader 5, providing flexibility for traders. Additionally, they both offer browser-based and Windows desktop trading options, as well as copy trading capabilities.
In terms of charting tools, FP Markets offers 17 drawing tools compared to 15 from RoboForex, and both allow trading directly from stock charts. For watch lists management, each provides seven columns for customization. Although both are rated four out of five stars for their trading platforms and tools, FP Markets holds a higher rank at 23 out of 63 brokers compared to RoboForex's rank of 43. This comparison highlights FP Markets’ small edge in terms of unique offerings and a higher industry rank, while RoboForex maintains a solid offering with established trading platforms.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
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When comparing the mobile trading apps of FP Markets and RoboForex, both platforms offer iPhone and Android apps, providing traders with flexibility in device choice. Each app includes essential features like price alerts for stock and forex trading and allows users to draw trendlines and view multiple time frames on charts. However, neither app supports syncing watchlists between the mobile app and the client's online account. FP Markets uses the default MetaTrader for charting technical studies, while RoboForex offers 30 technical studies, which could be a consideration for those focusing on technical analysis.
In terms of usability, both FP Markets and RoboForex apps allow the creation of watchlists with real-time quotes, and they conveniently auto-save chart drawings. While both apps receive a solid 4-star rating for their mobile trading capabilities, FP Markets edges ahead in rankings by ForexBrokers.com, placing 18th out of 63 brokers compared to RoboForex’s 43rd place. This might suggest that FP Markets could offer a slightly more favorable mobile trading experience, especially for those who value a higher ranking as part of their decision-making process.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
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FP Markets and RoboForex both provide traders with daily market commentary and reliable forex news from prominent sources like Bloomberg and Reuters. While both brokers offer tools from Trading Central for technical analysis, FP Markets goes a step further by integrating Autochartist services, something RoboForex lacks. Additionally, FP Markets provides a sentiment-based trading tool, offering insights into the market's long or short positions across currency pairs, which RoboForex does not. However, RoboForex does have an edge with market research tools from Acuity Trading, absent in FP Markets' offerings. Both brokers ensure that traders are up-to-date with an economic calendar displaying important global news events.
In terms of research quality, FP Markets holds a slightly higher rating of 4 stars compared to RoboForex's 3.5 stars, reflecting its broader array of analytical tools and sentiment indicators. Furthermore, FP Markets is ranked #25 out of 63 brokers by ForexBrokers.com for research, placing it well ahead of RoboForex, which stands at #37. For traders seeking comprehensive market insights, FP Markets appears to offer a more extensive suite of tools, while RoboForex carves out a niche with unique offerings like Acuity Trading.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FP Markets stands out compared to RoboForex. FP Markets provides a solid foundation with over 10 educational pieces focused on forex and CFDs. It also offers live educational webinars monthly, along with a searchable archive of past webinars. Beginners can benefit from more than 10 videos specifically tailored to their needs, as well as an extensive investor dictionary that explains over 50 investing terms. In contrast, RoboForex does not meet these targets, offering fewer resources across these areas.
For traders seeking advanced educational content, FP Markets continues to excel by supplying over 10 videos aimed at experienced traders. This depth of resources contributes to FP Markets’ strong educational rating of 4 out of 5 stars, placing it at 23 out of 63 brokers according to ForexBrokers.com. RoboForex, while still a viable option, holds a slightly lower education rating of 3.5 stars and ranks 56 out of 63 brokers. This makes FP Markets a more compelling choice for both beginner traders and those looking to deepen their knowledge.
| Feature |
FP Markets
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than RoboForex. FP Markets finished with an overall rank of #19, while RoboForex finished with an overall rank of #46.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 73 |
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Both FP Markets and RoboForex allow investors to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual (delivered) cryptocurrency.
FP Markets and RoboForex both provide multiple options for fund transfers, including PayPal, Skrill, Visa or Mastercard, and bank wires, but only RoboForex supports ACH or SEPA transfers.
Please note:
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.
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0 of 5| Overall Rating | FP Markets | RoboForex | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | RoboForex Review |
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| Regulation | FP Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 89 | 73 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 8400 | |
| Forex Pairs (Total) | 71 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FP Markets | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | RoboForex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review | RoboForex Review |
| Overall | FP Markets | RoboForex | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | RoboForex Review |
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