Are you trying to figure out which is a better broker, OspreyFX or RoboForex? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that RoboForex is the better of the two. RoboForex offers 12,000+ instruments, licenses from IFSC, and fair trading fees.
In the tables below, you can compare the features of OspreyFX and RoboForex side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked RoboForex higher than OspreyFX.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |  |  |
| OPEN ACCOUNT | Review | Review |
| RATING | 90/100 | 94.7/100 |
| MIN. DEPOSIT | 25$ | 10$ |
| REGULATED BY |  | |
| BONUS | N/A | Deposit Bonus |
| MIN. SPREAD | 1.3 | |
| MAX. LEVERAGE | 1:500 | 1:2000 |
| CURRENCY PAIRS | 50 | 36 |
| TRADING INSTRUMENTS | 200+ | 12,000+ |
| TRADING PLATFORMS | MT4, MT5, WebTrader | MT4, MT5, Mobile |
| DEPOSIT METHODS | Bank Transfer, Debit cards, Credit Cards, Skrill | Bank transfer, Visa, Mastercard, Skrill, Netseller, WebMoney, Fasapay |
| TYPE OF BROKERS | Market Maker | ECN |
| CUSTOMER SUPPORT | 24/7 | 24/5 |
| LANGUAGE SUPPORT | 3 | 19 |
| ESTABLISHED | 2018 | 2009 |
| USED BY | 300,000+ Traders | 100,000+ Traders |
Does OspreyFX or RoboForex have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive OspreyFX and RoboForex are, we first considered the common fees on Standard Accounts. At OspreyFX the average spread for the EUR/USD currency pair is pips, whilst at RoboForex the spread is 1.3.
This shows that OspreyFX is the better option for low-cost forex trading.
When it comes to non-trading fees, OspreyFX charges for . RoboForex charges for . With this in mind, both brokers offer similar non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that OspreyFX is the better option.
Trading Fees*
| TYPE OF FEE | OSPREYFX | ROBOFOREX |
|---|---|---|
| Minimum Spread EURUSD (pips) | 1.3 | |
| Commission (%) | 0 | |
| Commission on Islamic Accounts (%) | 0.008 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | OSPREYFX | ROBOFOREX |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | N | N |
| Deposit Fees | N | N |
| Withdrawal Fees | N | N |
Which broker is safer, OspreyFX or RoboForex?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
OspreyFX is regulated by and does not offer client protection. RoboForex is regulated by IFSC and does not offer client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that RoboForex is the safer broker.
Broker summary
| OSPREYFX | ROBOFOREX | |
|---|---|---|
| Minimum Deposit (USD $) | 25 | 10 |
| Licenses | IFSC | |
| Max. Leverage | 1:500 | 1:2000 |
| Client Protection | N | Y |
| Broker Type | Market Maker | ECN |
| Number of Instruments | 200+ | 12,000+ |
| Currency Pairs | 50 | 36 |
| Stocks | 53 | |
| Cryptocurrencies | 10 | |
| CFDs | N | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | Y | Y |
| Mobile Compatible | N | Y |
| Research Tools | N | Y |
| Educational Materials | N | Y |
| Payment Methods | Bank Transfer, Debit cards, Credit Cards, Skrill | Bank transfer, Visa, Mastercard, Skrill, Netseller, WebMoney, Fasapay |
| 24/5 Customer Support | Y | Y |
| Live Chat | N | Y |
How many trading instruments are available at OspreyFX and RoboForex?
OspreyFX provides traders with 200+ instruments. This includes 50 currency pairs, cryptocurrencies, and stocks and shares. With OspreyFX, you cannot trade CFDs.
In comparison, RoboForex boasts 12,000+ tradable instruments. RoboForex offers 36 currency pairs, 10 cryptocurrencies, and 53 stocks and shares. RoboForex also allows CFD trading.
As RoboForex has 12,000+ and OspreyFX has 200+, a difference of 188, this shows that RoboForex offers more opportunities to diversify your trading portfolio.
Markets and Products
| INSTRUMENT | OSPREYFX | ROBOFOREX |
|---|---|---|
| Currency Pairs | 50 | 36 |
| Commodities | 100 | |
| Precious Metals | 0 | 2 |
| Indices | 5 | |
| Stocks and Shares | 53 | |
| Cryptocurrencies | 10 | |
| Options | 0 | |
| ETFs | 0 | 1 |
Which broker offers the best trading platform, OspreyFX or RoboForex?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
OspreyFX provides you with the ability to trade via 3 trading platforms, and RoboForex has 3 trading platforms, too. Both brokers also offer research and trading tools, however RoboForex has more.
Overall, our experts agree that RoboForex boasts the better trading platform offering.
Research Tools
| TOOL | OSPREYFX | ROBOFOREX |
|---|---|---|
| News (from top-tier sources) | N | Y |
| Trading Signals and Indicators | N | Y |
| Trade Ideas | N | Y |
| Expert Analysis | N | Y |
| Autochartist Tools | N | N |
| Sentiment Charts | N | Y |
| Economic Calendar | N | Y |
Which is better for beginners, OspreyFX or RoboForex?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that RoboForex is the better broker for beginner traders as it offers a larger range of educational tools and materials. RoboForex also has a minimum deposit of $.
Educational Features
| FEATURE | OSPREYFX | ROBOFOREX |
|---|---|---|
| Demo Account | N | Y |
| Platform Tutorial Videos | N | N |
| Educational PDFs | N | Y |
| Live Webinars | N | N |
| YouTube Videos | N | Y |
| Trading Academy | N | Y |
| Trading Glossary | N | Y |
Which broker is better overall?
Overall, our tested reviewing methodology proves that RoboForex is the better broker in a range of key areas. You can learn more by reading our OspreyFX and RoboForex reviews.
