Compare forex brokers GFTrade VS Roboforex

If you're choosing between GFTrade and Roboforex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GFTrade better than Roboforex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GFTRADE VS ROBOFOREX

GFTrade
GFTrade Overview

GFTrade is a global Forex and CFD broker that is primarily based in Singapore as well as St.Vincent and Grenadines. It is regulated by the FSA and offers low entry for minimum capital requirements, as well as low spreads on the trading of 60 assets across currencies, metals, cryptos, indices, energies and stocks.

RoboForex
RoboForex Overview

RoboForex Ltd is an online broker that offer low spreads, multiple trading instruments, multiple platforms and limited bonuses.

# Broker's Features GFTRADE Availability ROBOFOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare GFTrade vs Roboforex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. GFTrade offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, while Roboforex offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GFTrade is DMA, ECN, No dealing desk, STP, while Roboforex is Dealing Desk, DMA, ECN, Market Maker, No dealing d.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. GFTrade is regulated by FSA, while Roboforex regulated by IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Languages Available: Next lets have a look at each broker's different Language options. GFTrade offers Chinese, English, German, Hindi, Indonesian, Itali, while Roboforex offers English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, Ukrainian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GFTrade offers bitcoin, Credit/Debit Cards, FasaPay, Neteller, Skrill, Union Pay different payment methods for each account types, while Roboforex offers Credit/Debit Cards, Bank Transfer, Payoneer ,Neteller payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GFTrade makes MT4 available to clients, while Roboforex offers cTrader, MT4, MT5, Proprietary.

The Verdict: GFTrade or Roboforex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Roboforex is more reliable based on our criteria above. Roboforex has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Roboforex offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Roboforex has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Roboforex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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