RoboForex
FP Markets
RoboForex vs FP Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
RoboForex and FP Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. RoboForex, founded in 2009 and headquartered in Limassol, Cyprus, is regulated by CySEC, IFSC and offers spreads starting from 0.0 pips with a minimum deposit of $10. FP Markets, established in 2005 in Sydney, Australia, holds licenses from ASIC, CySEC with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, FP Markets scored 8.2/10 overall compared to RoboForex's 7.6/10, making it the stronger pick for most traders. That said, RoboForex holds its own with wider product range, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FP Markets scores 8.2/10 overall vs 7.6/10 for RoboForex — a 0.6-point difference.
- 💵
RoboForex requires just $10 to start, while FP Markets needs $100 — RoboForex is 10x more accessible.
- 📈
RoboForex offers 12,000+ instruments vs 10,000+ at FP Markets — a notable difference in market coverage.
- 🖥️
RoboForex runs on MT4, MT5, cTrader, R StocksTrader, while FP Markets uses MT4, MT5, cTrader, IRESS — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: FP Markets scores 8.5 vs 7.0 for RoboForex — a 1.5-point difference.
Our Verdict
RoboForex
Score: 7.6/10 · Wins 1 categories- You want access to a wider range of instruments
- You prefer a low minimum deposit ($10)
- You prefer RoboForex's trading environment overall
FP Markets
Score: 8.2/10 · Wins 4 categories- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
FP Markets takes the lead with an overall score of 8.2/10 compared to 7.6/10, winning in 4 out of 8 scoring categories. FP Markets stands out for lower trading costs and stronger regulation, while RoboForex fights back with wider product range.
Detailed Verdict
After testing both brokers with real accounts, FP Markets comes out ahead with a 8.2/10 overall rating, winning 4 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. FP Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. RoboForex is not without merit — it scores 7.6/10 overall and excels in Platforms & Tools (8.5/10), winning 1 category. Traders who value wider product range may find RoboForex the better fit. For a complete breakdown, read our full FP Markets review and RoboForex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FP Markets wins by 0.5 points
FP Markets wins by 1.5 points
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
RoboForex wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.6/10 | 8.2/10 ✓ |
| Min Deposit Lower is better | $10 ✓ | $100 |
| Max Leverage | 1:2000 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader, R StocksTrader | MT4, MT5, cTrader, IRESS |
| Regulation | CySEC, IFSC | ASIC, CySEC |
| Founded Older track record highlighted | 2009 | 2005 ✓ |
| Markets | 12,000+ ✓ | 10,000+ |
Fees & Costs
When it comes to trading costs, FP Markets has the edge with a score of 8.5/10 versus 8/10 for RoboForex. RoboForex offers spreads starting from 0.0 pips, while FP Markets starts from 0.0 pips. The minimum deposit at RoboForex is $10, compared to $100 at FP Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
RoboForex scores 8.5/10 for platforms compared to 8.5/10 for FP Markets. RoboForex provides MT4, MT5, cTrader, R StocksTrader, while FP Markets offers MT4, MT5, cTrader, IRESS. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. RoboForex is regulated by CySEC, IFSC (Tier 1), while FP Markets holds licenses from ASIC, CySEC (Tier 1). RoboForex scores 7/10 and FP Markets scores 8.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, RoboForex leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. RoboForex and FP Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
RoboForex offers 24/7 Live Chat, Email, Phone and scores 7.5/10, while FP Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
RoboForex scores 8/10 for deposits and withdrawals, while FP Markets scores 8/10. RoboForex accepts Bank Transfer, Credit Card, Skrill, Neteller, Bitcoin, and FP Markets supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. RoboForex requires a minimum deposit of $10 versus $100 for FP Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose RoboForex if you...
- You want access to a wider range of instruments
- You prefer a low minimum deposit ($10)
- You prefer RoboForex's trading environment overall
Choose FP Markets if you...
- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is RoboForex better than FP Markets?
FP Markets scores higher overall (8.2/10 vs 7.6/10), winning 4 of 8 categories. However, RoboForex is stronger in wider product range. The best choice depends on what matters most to your trading style.
Which has lower fees, RoboForex or FP Markets?
FP Markets scores higher for trading costs. RoboForex offers spreads from 0.0 pips with a $10 minimum deposit, while FP Markets starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is RoboForex safe to trade with?
RoboForex is regulated by CySEC, IFSC and scores 7/10 for regulation. FP Markets is regulated by ASIC, CySEC with a score of 8.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, RoboForex or FP Markets?
RoboForex scores 8.5/10 for platforms. RoboForex offers MT4, MT5, cTrader, R StocksTrader, while FP Markets provides MT4, MT5, cTrader, IRESS. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for RoboForex vs FP Markets?
RoboForex requires a minimum deposit of $10, while FP Markets requires $100. RoboForex has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.