Broker comparison between instaforex vs Roboforex
Do you want to figure out which is the better broker, instaforex or roboforex?
In the following table, you can compare the features of instaforex and roboforex side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does instaforex or roboforex have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that instaforex and roboforex are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
RoboForex was founded in 2009, then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, introduced gold and CNY trading accounts. In 2016, RoboForex started creating a proprietary investment platform with a professional analysis center RAMM, released stock trading, reached a total number of 9,400 tradable instruments, and offered maximum leverage of 1:1200. In 2019 the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R webTradery and R MobileTrader, and won more than 20 awards in the financial industry.
RoboForex offers investors access to tradable instruments, including Forex (over 40 currency pairs), metals (silver and gold) stocks, indices, commodities, crypto-virtual currencies, crypto-virtual currency indices.
To meet different investors' investment needs and experience, RoboForex has set up five different trading accounts: Pro-Standard (minimum deposit of $10/€), Pro-Cent (minimum deposit of $10/€), ECN (minimum deposit of $10/€), Premium (minimum deposit of $10/€) and R Trader (minimum deposit of $100/€).
The maximum leverage is 1:2000 for Pro-Standard and Pro-Cent accounts, 1:500 for ECN accounts, and 1:300 for Premium and R Trader accounts.
Spreads & Commissions
The minimum spread for Pro-Cent accounts starts from 1.3 pips, and 1.5% of the company's revenue is rebated. For Pro-Standard accounts, the spread starts from 1.3 pips, and up to 15% of the company's revenue is rebated. For ECN accounts, the minimum spread starts from 0.0 pips, and up to 15% of the company's revenue is rebated. The minimum spread for Premium accounts starts from 0.0 pips, and 5% commission is rebated. In R Trader account, a fee of $0.0045 per share (minimum $0.25) is charged for trading US stocks ($10,000 deposit), and $0.02 per share (minimum $1.50 ) for CFDs on US stocks, 0.07% (minimum €/£2.80 fee) for CFDs on EU stocks, 0.30% (minimum $0.01 ) for cryptocurrency trading, $15 fee per million base currency for forex trading, and indices products featuring floating fee (minimum $1).
Roboforex offers traders a wide range of high-performance trading software, mainly MT4, MT5, cTrader, R Trader, RoboForex terminal. cTrader is suitable for experienced traders and has 54 technical indicators, 14 timetables, secondary pricing, and rare orders. Moreover, it enables traders to access all financial markets worldwide through a WEB terminal using a familiar web browser.
Deposit & Withdrawal
The main deposit and withdrawal methods supported by Roboforex are Bank Transfer SEPA (supporting EUR, no commission for deposits, 1.5% fee for withdrawals), China UnionPay (supporting CNY, no commission for deposits, 1.5% fee for withdrawals), Skrill (supporting EUR & USD, no commission for deposits, 1% fee for withdrawals), NETELLER (supporting EUR & USD, no deposit fee, 1.5% withdrawal fee), AdvCash (no deposit fee, 1% withdrawal fee), Perfect Money (supporting EUR & USD, no deposit fee, 0.5% withdrawal fee), AstroPay (supporting EUR, USD, AUD, RMB, no deposit fee, 0.5% withdrawal fee) (0.5% fee for withdrawals), VISA/MasterCard/JCB (USD, EUR, CHF, GBP, no deposit fee, 2.6% + 1.3USD/1 EUR fee for withdrawals).
Traders who require assistance can access the support team via the green chat button which is available on each section of the website. Support is available 24/7 and clients may on top write an e-mail, use the webform, call directly or request a callback.
Does instaforex or roboforex have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive instaforex and roboforex are, we first considered common fees for standard accounts. On instaforex, the average spread for the EUR/USD currency pair is Floating from 1.3 pips pips, while on roboforex the spread is Fixed 2-7.
Which broker is safer, instaforex or roboforex?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. instaforex is regulated by CYSEC,NBRB,FSC. roboforex is regulated by CYSEC.
Which broker provides better trading platform, instaforex or roboforex?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. instaforex Available trading platforms include Pro、Prime、ECN、ProCent、R StocksTrader, tradable financial instruments include Standard Trading Accounts、Eurica Trading Accounts、ECN Trading Account、ECN Pro Trading Account、Scalping trading account roboforex works/provides Pro、Prime、ECN、ProCent、R StocksTrader trading platform, trading instruments Standard Trading Accounts、Eurica Trading Accounts、ECN Trading Account、ECN Pro Trading Account、Scalping trading account