Plus500 vs RoboForex - Trading Brokers Comparison

Plus500 vs RoboForex | CFD Broker Comparison

Plus500 vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100Web Trader, Downloaded Platform, Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE
$10MT4, MT5, cTrader, R Trader9000+IFSC

Plus500 vs RoboForex Comparison

These are both CFD brokers. On most of its accounts, RoboForex offers considerably less markets than Plus500, however on the R Trader platforms, RoboForex can provide considerably more (9000+ vs 2000+). This said, Plus500 has a wider range of market and has considerably depth in the numbers offered in categories such as Commodities and Indices.

One difference is that RoboForex, as its name might suggest is a broker which supports trading using automated trading strategies (also known as robots). RoboForex has a range of platforms which allow this trading approach including cTrader, which runs cBots. However, Plus500 makes a particular effort to provide platform features for trader who make their own trading decisions, by offering a clear intuitive web trader and apps which include a desktop download, as well as a relatively wide range of tools such as technical indicators, with 95+. In support of automated trading, RoboForex has a range of ECN accounts. RoboForex also offers a cent account which allows for very small trade sizes.

Quick comparison

Plus500 focuses on one platform offering it as a web trader and apps, including a desktop download. RoboForex has a range of platforms and account types, including cent and ECN.

Minimum deposit and key account features

The minimum deposit for Plus500 is $/€/£100. The minimum deposit for RoboForex is $10.

  • Plus500 offers an Economic Calendar on its website covering news events and potential market effects of this news.
  • 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 RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • Plus500 offers CFD trading in Forex, Metals, Indices, Energy, Soft Commodities, Options, Stocks, ETFs and Cryptocurrencies, with 2000+ available.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.

Plus500 offers 55+ Forex pairs, RoboForex offers 45+ Forex pairs.

Cryptocurrency CFDs

  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, IOTA, NEO, Monero, Stellar, Cardano and TRON CFDs.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, IOTA, NEO, Monero, Dash, Bitcoin Gold, Golem, OmiseGO and Qtum CFDs.

Commission charges

  • Plus500 does not charge commissions.
  • 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.

Leverage

Maximum leverage for RoboForex is 2000:1 but maximum leverage for ECN trading is 300:1. Maximum leverage for Plus500 is .

Platforms

Plus500 provides a web trader, a downloaded version of this platform and apps for tablet and mobile. It has a clear platform layout and 95+ technical indicators. RoboForex provides MT4, MT5, cTrader and R Trader.

Why Plus500 or RoboForex ?

For traders who trade using automated trading strategies, RoboForex offers a range of platforms and ECN accounts. For traders who make their own trading decisions, Plus500 has a clear intuitive platform available across a range of devices. All of RoboForex's platform can be used by traders who trade at their own discretion, but it also offers the R Trader web trading platform which has a relatively large number of markets available. RoboForex has a low minimum deposit and order size, but Plus500 does not have a high minimum deposit compared with other brokers.

Comparison summary

  • Both offer CFD trading
  • On all of RoboForex's platforms except R Trader, Plus500 has more markets
  • On R Trader, RoboForex has more markets
  • RoboForex offers ECN accounts and a cent account
  • RoboForex has a lower minimum deposit
  • RoboForex provides MT4, MT5, cTrader and R Trader
  • Plus500 offers a clear intuitive platform across a range of devices

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