Compare Exness vs RoboForex
What is Exness? What is RoboForex?
Exness and RoboForex are both online retail forex brokers that provide trading services to individual traders. They offer access to various financial markets, including forex (currencies), commodities, indices, cryptocurrencies, and more.
Exness: Exness is a global forex broker founded in 2008 and headquartered in Cyprus. They aim to provide transparent and reliable trading services to their clients. Exness offers a range of trading platforms, competitive trading conditions, and a wide selection of trading instruments.
RoboForex: RoboForex is another international forex broker that was established in 2009. They have their headquarters in Belize and provide services to clients worldwide. RoboForex offers a diverse range of trading platforms, multiple account types, and various trading tools to enhance the trading experience.
Exness vs RoboForex Overall Comparison
Overall, both Exness and RoboForex are reputable brokers with similarities and differences. Here’s a brief comparison:
- Exness is older than RoboForex, having been established in 2008, while RoboForex was founded in 2009.
- Both brokers offer a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.
- Exness has a global presence, while RoboForex also serves clients from around the world.
- Both brokers provide multiple trading platforms to cater to different trading styles and preferences.
- Exness is headquartered in Cyprus, while RoboForex has its main office in Belize.
- Both brokers aim to provide competitive trading conditions and reliable customer support.
Exness vs RoboForex Regulation Comparison
Regulation is an essential aspect to consider when choosing a broker, as it ensures a certain level of trust and security. Here’s a comparison of Exness and RoboForex in terms of regulation:
Exness:
- Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.
- They comply with strict regulatory standards and follow the guidelines set by the European Securities and Markets Authority (ESMA).
RoboForex:
- RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize.
- They also hold licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Labuan Financial Services Authority (Labuan FSA).
In terms of regulation, Exness has a stronger regulatory framework, being regulated by CySEC and FSA. However, both brokers have regulatory oversight, ensuring a certain level of safety for traders.
Exness vs RoboForex Trading Assets Comparison
Both Exness and RoboForex offer a wide range of trading instruments. Here’s a comparison of the assets available for trading on both platforms:
Exness:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Precious metals (gold, silver), energy (oil, natural gas), agricultural products (corn, wheat), etc.
- Indices: Global indices like S&P 500, NASDAQ, FTSE 100, DAX, etc.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, etc.
- Stocks: Limited stock CFDs available.
RoboForex:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Precious metals, energy, agricultural products.
- Indices: Global indices.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, etc.
- Stocks: A broader selection of stock CFDs compared to Exness.
Both brokers offer a similar range of trading assets, including forex, commodities, indices, and cryptocurrencies. However, RoboForex provides a more extensive selection of stock CFDs.
Exness vs RoboForex Trading Fees Comparison
Trading fees can significantly impact trading profitability. Here’s a comparison of the trading fees charged by Exness and RoboForex:
Exness:
- Spreads: Exness offers variable spreads that start from 0.0 pips for some account types.
- Commissions: Some account types charge commissions per lot traded.
- Overnight Fees: Swap rates are applicable for positions held overnight.
RoboForex:
- Spreads: RoboForex provides both fixed and variable spreads, with starting spreads as low as 0 pips for certain accounts.
- Commissions: Some account types have commission charges per lot traded.
- Overnight Fees: Swap rates are applicable for positions held overnight.
The trading fees may vary depending on the specific account type chosen and the trading platform used. It is advisable to review the broker’s fee structure before opening an account.
Exness vs RoboForex Account Types Comparison
Exness and RoboForex offer multiple account types to cater to different trading preferences and experience levels. Here’s a comparison of their account types:
Exness:
- Standard Account: Offers competitive spreads, minimum deposit requirements, and access to various trading platforms.
- Pro Account: Designed for professional traders with lower spreads, no trading commission, and minimum deposit requirements.
- Raw Spread Account: Provides raw spreads starting from 0.0 pips, but with trading commissions.
- Zero Account: Offers zero spreads, but with trading commissions.
- Cent Account: Allows trading with smaller volumes using cents instead of standard currency units.
RoboForex:
- Pro-Standard Account: Offers floating spreads, minimum deposit requirements, and access to multiple trading platforms.
- ECN Account: Provides access to interbank liquidity, tighter spreads, and trading commissions.
- Prime Account: Designed for institutional traders with customized conditions, direct market access, and deep liquidity.
Both brokers offer a variety of account types suitable for different trading needs. Traders can choose based on their preferred trading style, account features, and minimum deposit requirements.
Exness vs RoboForex Trading Conditions Comparison
Trading conditions refer to factors such as leverage, order execution, and trading restrictions. Here’s a comparison of the trading conditions offered by Exness and RoboForex:
Exness:
- Leverage: Up to 1:2000 for certain account types, depending on the instrument traded.
- Order Execution: Exness employs market execution, ensuring fast and reliable order execution.
- Trading Restrictions: No significant restrictions mentioned for retail traders.
RoboForex:
- Leverage: Up to 1:2000 for certain account types, depending on the instrument traded.
- Order Execution: RoboForex also offers market execution and claims to provide fast order execution.
- Trading Restrictions: No significant restrictions mentioned for retail traders.
Both brokers offer high leverage options, which can be beneficial for experienced traders. It is important to note that higher leverage involves higher risk, and proper risk management is crucial.
Exness vs RoboForex Deposit Options Comparison
The availability of convenient and secure deposit and withdrawal options is crucial for traders. Here’s a comparison of the deposit and withdrawal options provided by Exness and RoboForex:
Exness:
- Deposit Options: Bank wire transfer, credit/debit cards (Visa, Mastercard), electronic payment systems (Neteller, Skrill, WebMoney, Perfect Money, etc.), and local payment methods specific to certain regions.
- Withdrawal Options: Similar to the deposit options, including bank wire transfer, credit/debit cards, and electronic payment systems.
RoboForex:
- Deposit Options: Bank wire transfer, credit/debit cards (Visa, Mastercard), electronic payment systems (Skrill, Neteller, FasaPay, WebMoney, etc.), and cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Litecoin).
- Withdrawal Options: Similar to the deposit options, including bank wire transfer, credit/debit cards, electronic payment systems, and cryptocurrencies.
Both brokers offer a range of deposit and withdrawal options, including popular electronic payment systems. The availability of specific options may vary depending on the client’s country of residence.
Exness vs RoboForex Trading Platforms Comparison
Trading platforms play a vital role in the trading experience. Here’s a comparison of the trading platforms offered by Exness and RoboForex:
Exness:
- MetaTrader 4 (MT4): A widely used and popular platform known for its user-friendly interface, comprehensive charting tools, and automated trading capabilities.
- MetaTrader 5 (MT5): A more advanced platform offering additional features, including more advanced technical analysis tools and hedging capabilities.
- WebTerminal: A browser-based version of MT4 and MT5, allowing traders to access their accounts and trade from any web browser without downloading or installing software.
- Mobile Apps: Exness provides mobile trading apps for both iOS and Android devices, allowing traders to trade on the go.
RoboForex:
- MetaTrader 4 (MT4): Same as Exness, RoboForex offers the widely used MT4 platform with its comprehensive features and customizability.
- MetaTrader 5 (MT5): RoboForex also provides access to the more advanced MT5 platform, which offers enhanced features for technical analysis and trading strategies.
- cTrader: RoboForex offers the cTrader platform, known for its ECN execution, advanced order types, and depth of market information.
- WebTrader: A browser-based platform that allows traders to access their accounts and trade directly from a web browser without the need to download or install additional software.
- Mobile Apps: RoboForex offers mobile trading apps for iOS and Android devices, allowing traders to manage their accounts and trade on the go.
Both brokers offer the popular MetaTrader platforms (MT4 and MT5), providing a familiar and feature-rich trading experience. Additionally, RoboForex offers the cTrader platform as an alternative.
Exness vs RoboForex Analytical Tools Comparison
Analytical tools can be valuable for traders to analyze the markets and make informed trading decisions. Here’s a comparison of the analytical tools provided by Exness and RoboForex:
Exness:
- Economic Calendar: Provides a schedule of important economic events and their potential impact on the markets.
- Market Analysis: Exness offers regular market analysis articles, news updates, and technical analysis to assist traders in their decision-making process.
- VPS Hosting: Exness provides free VPS hosting for eligible traders, allowing them to run automated trading strategies 24/7.
RoboForex:
- Economic Calendar: Similar to Exness, RoboForex offers an economic calendar to keep traders informed about significant market events.
- Analytics Center: RoboForex provides a comprehensive analytics center with technical analysis, trading signals, and educational materials.
- Trading Calculators: RoboForex offers a range of trading calculators, including pip value, margin, and profit calculators, to assist with trade planning.
Both brokers provide essential tools such as economic calendars, market analysis, and educational resources. Exness offers free VPS hosting, which can be beneficial for traders using automated strategies.
Exness vs RoboForex Educational Resources Comparison
Educational resources can be valuable for traders of all experience levels to enhance their knowledge and skills. Here’s a comparison of the educational resources offered by Exness and RoboForex:
Exness:
- Forex Education: Exness provides educational materials on forex trading, including articles, tutorials, and videos covering various trading topics.
- Webinars: They offer regular webinars conducted by market experts, covering different aspects of trading, strategies, and market analysis.
- Glossary: Exness has a comprehensive glossary of trading terms to help beginners understand industry-specific terminology.
RoboForex:
- Forex Education: RoboForex offers a range of educational materials, including articles, video tutorials, and e-books, covering various trading topics and strategies.
- Webinars and Seminars: They provide webinars and seminars conducted by experienced traders and market analysts, focusing on different aspects of trading.
- Analytical Content: RoboForex offers daily market analysis, trading signals, and trading ideas to help traders stay updated and make informed decisions.
Both brokers offer educational resources to support traders in their learning journey. RoboForex provides a broader range of educational materials, including e-books and seminars.
It’s important to note that the availability and quality of educational resources may vary over time, so it’s recommended to check the brokers’ websites for the most up-to-date information on educational offerings.
In conclusion, Exness and RoboForex are both reputable brokers with similarities and differences. Traders should consider their individual trading needs, preferences, and the specific features offered by each broker before making a decision.
Which offers better pricing – Exness or RoboForex
The pricing offered by Exness and RoboForex can vary depending on the specific account types and trading instruments. Both brokers aim to provide competitive pricing to their clients. It’s recommended to compare the spreads, commissions, and overall trading costs for the specific instruments you plan to trade on each broker’s website or by contacting their customer support.
Which broker offers more security when trading Forex and CFDs?
Both Exness and RoboForex are regulated brokers, which means they operate under regulatory oversight that helps ensure certain security measures and client protections are in place. Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize, the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (Labuan FSA).
Regulation provides a level of assurance regarding the broker’s adherence to industry standards and regulations. However, it’s important to note that no broker can guarantee complete protection against all risks. Traders should also consider other factors such as the broker’s reputation, client reviews, and additional security measures implemented by the brokers when evaluating the security of their funds and personal information.
Which broker offers the superior trading platform?
Both Exness and RoboForex offer the popular MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized and preferred by many traders. The choice of the superior trading platform depends on individual preferences and requirements.
MT4 is known for its user-friendly interface, extensive charting capabilities, and a wide range of technical analysis tools. MT5 is a more advanced platform that offers additional features such as more advanced order types, additional technical indicators, and a built-in economic calendar.
Both brokers also provide other platforms, such as cTrader and web-based platforms, which may appeal to traders looking for alternative options. It is advisable to explore the features and functionalities of each platform and choose the one that best suits your trading style and needs.
Do these brokers both offer MetaTrader?
Yes, both Exness and RoboForex offer the MetaTrader platforms. They provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular and widely used trading platforms in the industry. Traders can choose the platform they prefer and are comfortable with for their trading activities.
How many Forex pairs can you expect from these brokers?
Both Exness and RoboForex offer a wide range of forex pairs for trading. The exact number of forex pairs available may vary over time and depend on the specific account type and trading platform chosen. However, traders can expect to find major currency pairs (such as EUR/USD, GBP/USD, USD/JPY, etc.), minor currency pairs, and some exotic currency pairs offered by both brokers. The availability of specific forex pairs can be checked on the brokers’ websites or trading platforms.
Is it safe to trade with Exness?
Exness is a regulated broker and has been operating in the industry since 2008. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. These regulatory bodies impose certain rules and standards that brokers must adhere to, including capital requirements, client fund segregation, and fair trading practices.
While regulation provides a level of security, it’s important to note that trading always carries inherent risks, and no broker can guarantee profits or complete protection against all risks. It is advisable to conduct thorough research, consider the broker’s reputation, read client reviews, and understand the risks involved before trading with any broker, including Exness.
Is it safe to trade with RoboForex?
RoboForex is a regulated broker and has been in operation since 2009. It is regulated by the International Financial Services Commission (IFSC) of Belize, the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (Labuan FSA). These regulatory bodies impose certain rules and guidelines to ensure the broker follows industry standards and client protection measures.
As with any broker, while regulation provides a certain level of security, it’s essential to understand the risks associated with trading and consider other factors such as the broker’s reputation, client reviews, and additional security measures implemented by the broker. It is advisable to conduct thorough research and due diligence before trading with any broker, including RoboForex.
Is Exness a good broker?
Exness is a well-established broker with a significant presence in the industry. It offers a range of account types, trading platforms, and trading instruments. The broker’s regulatory status, competitive trading conditions, and technological offerings have attracted a substantial client base.
However, whether Exness is considered a good broker for you depends on your individual trading preferences, requirements, and risk tolerance. It is recommended to review the broker’s features, trading conditions, and client feedback to assess if it aligns with your trading needs. It’s also a good practice to consider demo trading or starting with a small investment to evaluate the broker’s services before committing significant funds.
Is RoboForex a good broker?
RoboForex is a reputable broker that has been operating for over a decade. It offers a variety of trading account types, platforms, and trading instruments to cater to different traders’ needs. The broker’s multiple regulatory licenses, competitive trading conditions, and range of educational resources have contributed to its positive reputation.
However, determining if RoboForex is a good broker for you depends on your specific trading requirements, preferences, and risk tolerance. It’s advisable to review the broker’s offerings, compare them with your needs, read client reviews, and consider demo trading or starting with a small investment to evaluate the broker’s services before making a decision.
Exness vs RoboForex. Which forex broker is better? Which forex broker should you choose?
Determining which forex broker is better, Exness or RoboForex, ultimately depends on your individual trading preferences, needs, and priorities. Both brokers have their strengths and considerations to take into account. It’s important to thoroughly assess the following factors before making a decision:
- Regulation: Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize, the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (Labuan FSA). Regulated brokers offer certain safeguards and accountability, so consider the regulations that align with your comfort level.
- Trading Platforms: Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are widely recognized and offer comprehensive features. Assess the platform that suits your trading style, preferences, and desired functionalities.
- Trading Conditions: Compare the trading conditions such as spreads, commissions, leverage, and order execution speed. These factors can significantly impact your trading costs and overall trading experience.
- Range of Trading Instruments: Consider the number of forex pairs and other trading instruments offered by each broker. If you have specific preferences for certain currency pairs or want to explore other markets, ensure the broker provides the necessary options.
- Account Types: Evaluate the different account types available, including minimum deposit requirements, account features, and any specific benefits or limitations associated with each account type. This will help you find an account that suits your trading needs.
- Customer Support: Assess the quality and availability of customer support offered by each broker. Prompt and efficient customer support can be crucial, especially when you encounter issues or have questions related to your trading activities.
- Additional Features: Consider any additional features or services provided by each broker, such as educational resources, market analysis tools, trading tools, and promotions. These offerings can add value to your trading experience and enhance your skills and knowledge.
It’s advisable to thoroughly research and compare the above factors based on your individual requirements. Consider demo trading or starting with a small investment to evaluate the brokers’ services before committing significant funds. Additionally, reading client reviews and seeking opinions from other traders can provide valuable insights.
