24Option vs RoboForex - CFD Broker Comparison

24Option vs RoboForex | Trading Brokers Comparison

24Option vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250Web Trader & Apps, MT4250+CySEC, IFSC
$10MT4, R Trader Web Trader, MT5, cTrader9000+IFSC

24Option vs RoboForex Comparison

Both are CFD brokers. RoboForex has a range of account types based around its platforms, offering account types including ECN and Cent (Cent allows the trader to trader with very small trade sizes). RoboForex also has a low minimum deposit requirement.

24Option actually has more markets than RoboForex except on the platform and account on which RoboForex provides Stocks CFDs (R Trader). On this platform, RoboForex has many more markets, as it offers many more Stocks CFDs than 24Option. R Trader is a web trading platform and augments RoboForex's other platform offerings: MT4, MT5 and cTrader (these platforms go with RoboForex's ECN accounts).

As the combination of ECN accounts and these platforms (and its name) may suggest, RoboForex supports automated trading with robots. However 24Option also offers MT4. RoboForex provides platform support for copy trading. As well as MT4, 24Option has a web trader (and apps) with tools for traders who trade at their own discretion (rather than letting computer programs - robots - trade for them). This said, so does RoboForex in its provision of R Trader and its trading tools and RoboForex's other platforms can be used by traders who execute their own trades.

Both brokers are regulated by the IFSC in Belize. 24Option is additionally regulated by the CySEC in Cyprus.

Quick comparison

Both offer web traders and MT4. RoboForex additionally provides MT5 and cTrader and has a lower minimum deposit.

RoboMarkets

RoboMarkets is part of the same group as RoboForex as has similar features, though RoboMarkets is regulated by the CySEC in Cyprus. Differences include that RoboMarkets does not offer cTrader and has a higher minimum deposit. The trader can find out more about RoboMarkets by reading the RoboMarkets review on this site.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for RoboForex is $10.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R Trader Strategy Builder for building robots. RoboForex allows EAs and scalping.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 250+ available.
  • RoboForex offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and ETFs, for a total of 9,000+.

24Option provides 35+ Forex pairs, RoboForex offers 45+ Forex pairs.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Gold, Monero and Stellar.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Gold, Monero, Bitcoin Cash, EOS, Golem, IOTA, NEO, OmiseGO and Qtum.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for RoboForex is 2000:1 but maximum leverage for ECN trading is 300:1.

Trading Platforms

Both offer MT4. 24Option additionally offers its web trader and apps. RoboForex additionally provides MT5, cTrader and R Trader.

Why 24Option or RoboForex ?

RoboForex has features for ECN traders, offering a range of platforms including MT4, MT5 and cTrader. This means it supports automated trading with ECN accounts. For traders who may wish to trade a large number of markets, RobobForex provides R Trader (which also supports automated trading). 24Option has a web trader (and apps) and also offers MT4. As it has a low minimum deposit and provides a Cent account, RoboForex can potentially accommodate traders who wish to trade with smaller account sizes.

Comparison summary

  • These are both CFD brokers
  • RoboForex also offers ECN trading accounts
  • Both have web traders and MT4
  • RoboForex also provides MT5 and cTrader
  • On its R Trader web trader, RoboForex can offer many more markets
  • RoboForex has a lower minimum deposit and offers a Cent account

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