Roboforex Alternatives: Pros & Cons for 2023
This alternatives to Roboforex guide has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Roboforex to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Roboforex like freetrade, easyMarkets, and PUPRIME. They all provide the same, if not more, benefits to their customers. If you feel that Roboforex is not quite right for you then it would be worth getting a demo account with a lot of the best Roboforex alternatives and ensuring that they are a better fit for you before moving any money around.
The most complete guide to Roboforex alternatives on the internet
There's many reasons Roboforex may not be a good fit for your trading needs. For whatever reason you are hunting for a better Roboforex alternative or Roboforex competitor with better services, we try to give you as much useful information so you can find what it is you need. Below you will find the top Roboforex alternatives.
For each of the alternative to Roboforex, we also highlight the key differences to Roboforex and for each section show you the best competitors. For each Roboforex alternative trading platform listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with Roboforex, we can show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable trading platform is vital to your trading success. All of the Roboforex alternative brokers shown in this Roboforex alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Roboforex has a minimum desposit of $1, you can see how the minimum deposit requirements of Roboforex compare with the minimum deposits of Roboforex competitors. Brokers offer lower minimum deposits to get users to join with them, but having higher a minimum deposit requirement isn’t necessarily a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Roboforex |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Virtual Portfolio Accounts
Roboforex offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to Roboforex that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
| Uphold |
Yes |
Alternatives Offering Negative Balance Protection
Roboforex has negative balance protection. It is specially offered when the market volatility prevents customers from letting their accounts go in the red. In a situation like this, Roboforex provides the ability to reset a customers account balance to zero.
You are able to go through the critical conditions on Roboforex's website to comprehend their policies.
Below we list some of the best alternatives to Roboforex that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes |
Alternatives Offering Guaranteed Stop Loss
Roboforex unfortunately, does not provide guaranteed stop loss. Roboforex provides a chance for its traders to close their trade at their specified price. Apart from that, Roboforex does not offer guaranteed stop loss.
Below we show some of the top Roboforex alternatives that offer guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Roboforex |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Roboforex do permit scalping. Several traders throughout the world choose Roboforex due to their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps which allow this.
Below we list some of the best alternatives to Roboforex that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
| IC Markets |
Yes |
Alternatives That Allow Hedging
Roboforex do permit hedging. Many traders throughout the world select Roboforex due to their large range of services. They offer trading on MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps.
Below we detail some of the best alternatives to Roboforex that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
| instaforex |
Yes |
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Roboforex offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we list some of the best alternatives to Roboforex that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
| eToro |
No |
Alternatives That Allow Copy Trading
Roboforex's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we list some of the top Roboforex alternatives that has copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Roboforex |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
| eToro |
No |
Compare Roboforex To All Other Brokers