OANDAvs
RoboForexForex Broker Comparison
Two brokers appeal to different priorities: one emphasizes strict regulation and research depth, the other offers broad instrument access and ECN-style pricing.
Our Verdict
OANDA winsClear Winner
OANDA edges RoboForex on the overall editorial score. OANDA holds top-tier regulators and investor compensation, while RoboForex lacks these safeguards.
OANDA
4.6/5
RoboForex
4.0/5
Key Differences
- 1RoboForex offers 9,400+ instruments versus OANDA's 70.
- 2Raw spreads available at RoboForex; OANDA uses standard spreads.
- 3OANDA has top-tier regulation and investor compensation; RoboForex lacks both.
Who should choose OANDA vs RoboForex?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
RoboForex offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
OANDA vs RoboForex: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.6/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.8 / 5▲ | 3.6 / 5 |
OANDA vs RoboForex Forex Broker Pros & Cons
Pros
Available to US residents (NFA-registered)
Best-in-class research and economic data
No minimum deposit
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
OANDA vs RoboForex: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
OANDA
criteria wins
2
RoboForex
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | OANDA | RoboForex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
OANDA vs RoboForex: Frequently Asked Questions
OANDA rates 4.6/5 versus 4/5 for RoboForex. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
RoboForex starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while RoboForex requires at least $10. This makes OANDA more accessible for traders with limited starting capital.
OANDA holds top-tier regulation (FCA, ASIC, CBI), providing stronger investor protections. RoboForex may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: OANDA has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
OANDA lists maximum leverage of 50:1, while RoboForex lists up to 2000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
RoboForex charges $20 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4, while RoboForex supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 5 and Proprietary Web/Mobile and MetaTrader 4. OANDA has exclusive access to TradingView. RoboForex has exclusive access to cTrader.
