RoboForex vs GO Markets
RoboForex or GO Markets – which is better for UK traders 2024? Compare RoboForex and GO Markets in this detailed breakdown of their platforms, features and fees.
| RoboForex | GO Markets |
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| RoboForex is ranked #8 among CFD brokers. | GO Markets is ranked #21 among CFD brokers. |
| RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system. | GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker. |
| RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | CFDs, forex, indices, shares, energies, metals, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| IFSC | ASIC, CySEC, FSC of Mauritius |
| Mobile Apps | |
| iOS & Android, R StocksTrader | iOS & Android |
| Trading App | |
RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many traders. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| Yes | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Yes |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| RoboForex’s CopyFX service is designed specifically for currency traders with flexible control over your funds. The ‘Rating’ view provides helpful metrics on master traders, notably profit/loss, maximum drawdown, balance and number of trades spanning time intervals from 1 week to 6 months. That said, the joining process and resources are convoluted, which may confuse newer investors, while the interface trails the smooth user experience provided by category leaders like eToro. | GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to very high leverage up to 1:2000, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping. | Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets. |
| Leverage | |
| 1:2000 | 1:500 |
| FTSE Spread | |
| 1 - 2.3 points | |
| GBPUSD Spread< | |
| 0.4 | 0.0 - 1.5 pips |
| Oil Spread | |
| 1.7 | Variable |
| Stocks Spread | |
| 0.01 | Variable |
| Forex | |
| RoboForex offers trading on 30+ currency pairs, trailing category leaders like Pepperstone with its 90+ forex assets. That said, the Prime and ECN accounts feature competitive average spreads of 0.1 pips on the EUR/USD. Additionally, with a minimum investment of $100, traders can utilize the CopyFX system to replicate the strategies of seasoned currency traders. | Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes. |
| Assets | |
| 30+ | 50+ |
| GBPUSD Spread | |
| 0.4 | 0.0 - 1.5 pips |
| EURUSD Spread | |
| 0.1 | 0.0 - 1.2 pips |
| EURGBP Spread | |
| 0.4 | 0 - 1.4 pips |
| Cryptocurrency | |
| Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform. | |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| RoboForex | GO Markets |
| RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. | |
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