Broker to Trading

This is a comparison of Oanda Global Markets Ltd based and regulated in the British Virgin Islands vs IFSC regulated RoboForex in Belize. RoboForex was founded in 2009 and provides a wide range of trading platforms and 12,000+ markets to trade. Additionally RoboForex offers a Cent type account with a low minimum trade size. Oanda was founded in 1996 and offers a wide range of tools for a wide range of traders from those who execute their trades, to automated traders to scalpers.

Quick comparison

Both brokers offer MT4. Oanda additionally provides MT5. RoboForex has a $10 minimum deposit (and a Cent account) while Oanda has no minimum deposit.

Minimum deposit and account features

The minimum deposit for RoboForex is $10. There is no minimum deposit requirement for Oanda.

RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader 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 StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
Oanda offers the following trading account types: Standard, Core, Swap-free, Premium and Premium Core. The Standard is described as suitable for all traders and has no minimum deposit requirement. The Core is described as suitable for EAs and scalpers. The Swap-free account is for traders who do not want to pay or receive interest on their account. All three of these accounts offer the Signal Center by Acuity. The Premium and Premium Core accounts are for high volume traders and require the trader to maintain a $20,000 minimum balance and trade more than $10 million notional or equivalent per month. These two accounts come with an Account Manager, Zero Deposit Fees (and reimburse bank fees), Free withdrawals, Priority support and a Free VPN.
The Standard account has spreads from 1.1, the Core account has spreads from 0.2 and the Swap-free account offers spreads from 1.6 pips. The Premium account has spreads from 0.8 and the Premium Core account has spreads from 0.2. The Core and Premium Core accounts charges commissions, the Standard, Premium and Swap-free accounts do not. At Oanda Global, verification documents are not needed for gross account deposits below $9000. Tools include MarketPulse, with a range of analysis and market news, technical analysis powered by AutoChartist, an Economic Calendar and MetaTrader plug-in tools. The minimum trade size is 0.01 lots.

Markets

• Oanda offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 800+ available.
• RoboForex offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies and ETFs, with 12,000+ available.

Cryptocurrency CFDs

• Oanda offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, Uniswap, Cardano, Chainlink, Polkadot, Binance Coin, Dogecoin, Tezos and EOS CFDs.
• RoboForex offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, Uniswap, Cardano, Chainlink, Polkadot, Binance Coin, Ripple, Algorand, Solana, Polygon, Dogecoin, Avalanche, Monero, Tron, Cosmos, Terra and Decentraland CFDs.

Leverage

Maximum leverage for Oanda (FSC regulated) is 200:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Commissions

• Oanda has a commission charge on its Core account of $4 per lot and $3.5 per lot on its Premium Core account.
• RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Online trading platforms

Oanda offers MT4. RoboForex provides MT4, MT5, R StocksTrader and cTrader.

Foundation

Oanda was founded in 1996, while RoboForex was founded in 2009.

Payment methods

Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. RoboForex additionally supports WebMoney, Perfect Money, AdvCash and AstroPay.

Why Oanda or RoboForex ?

Traders who want to trade on MT4 or MT5 and use their features including automated trading with EAs can do so at either broker. Traders who want platforms including R StocksTrader and cTrader can find these at RoboForex. Trader who want to copy trade can find CopyFX at RoboForex. Traders who want to trade on a Cent account with a low minimum deposit and trade size may do so at RoboForex.

Comparison summary

• Both offer CFD trading
• Each provides MT4 and MT5
• RoboForex additionally offers R StocksTrader and cTrader
• On R StocksTrader, RoboForex has 12,000+ markets to trade
• Both allow EA robots (for automated trading)
• RoboForex has a $10 minimum deposit and a Cent account
• Oanda has no minimum deposit