Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Roboforex
Not regulated in your country Roboforex does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Roboforex are best suited to, based on what each one actually offers in Australia.eToro is better than Roboforex for crypto traders. Roboforex, on the other hand, is better for professional traders and scalpers. Both are a good fit for long-term investors, high-volume traders and swing traders.
| Overall score | eToro 81 83 Best | Roboforex 81 77 -6 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Roboforex.Only eToro is regulated in Australia, by ASIC. Roboforex holds no licence in Australia and is regulated by BaFin.
| Section score | eToro 100 Best 100 Best | Roboforex 85 -15 85 -15 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Roboforex have in place to protect your money in Australia.Both eToro and Roboforex offer segregated client funds and additional money insurance. eToro also offers two-factor authentication.
| Section score | eToro 81 Best 81 Best | Roboforex 69 -12 69 -12 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2009 |
| Parent company i | eToro Group Ltd | RoboForex Ltd. |
| CEO i | Yoni Assia | Andrei Dziarnovich |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 730,000 |
| Annual revenue i | US$1,340,000,000 | |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with Roboforex in Australia, both on each trade and on holding the account.Roboforex is better than eToro for CFD/FX costs, since Roboforex is cheaper on EUR/USD, at US$9 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.6 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.18 points (against eToro's 0.88 points). Neither eToro nor Roboforex charges inactivity fees or account maintenance fees.
Roboforex is better than eToro for real stock costs, as Roboforex does not charge US stock fees (against eToro's US$4). Neither eToro nor Roboforex charges inactivity fees or account maintenance fees.
| Section score | eToro 55 -13 76 -6 | Roboforex 68 Best 82 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$4 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$9 |
| S&P 500 fees (CFD) i | 1.08 points | 0.6 points |
| Gold fees (CFD) i | 0.88 points | 0.18 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$16 |
| US stocks fees (CFD) i | US$0.02 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Spread |
| US stocks fees (real) i | US$4 | Free |
| ETF fees (real) i | Free | Free |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Roboforex in Australia, and of how many instruments each one gives access to.eToro is better than Roboforex for CFD/FX markets, since eToro offers CFDs on crypto and ETFs, which Roboforex does not, and lets you own crypto outright, which Roboforex does not. Both eToro and Roboforex offer CFDs on commodities, forex, indices and stocks, and let you own ETFs and stocks outright.
eToro is better than Roboforex for real stock markets, since eToro lets you own crypto outright, which Roboforex does not, and offers CFDs on crypto and ETFs, which Roboforex does not. Both eToro and Roboforex let you own ETFs and stocks outright, and offer CFDs on commodities, forex, indices and stocks.
| Section score | eToro 85 Best 55 Best | Roboforex 65 -20 30 -25 |
|---|---|---|
| Total tradable symbols i | 7,000 | 12,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Roboforex make available to their clients in Australia.Roboforex is better than eToro for platforms, given that Roboforex offers cTrader, MetaTrader 5 and MetaTrader 4, which eToro does not. eToro and Roboforex both offer a proprietary platform and copy trading.
| Section score | eToro 84 -5 84 -5 | Roboforex 89 Best 89 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Roboforex in Australia, and of what each one lets you do from your phone.Roboforex is better than eToro for mobile trading, because Roboforex offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which eToro does not. eToro and Roboforex both offer a proprietary mobile app and a social trading app.
| Section score | eToro 87 -13 87 -13 | Roboforex 100 Best 100 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Roboforex allow on their platforms in Australia.Roboforex is better than eToro for CFD/FX trading features, since Roboforex offers tier-1 liquidity providers and VPS hosting, which eToro does not, and allows for scalping. Both eToro and Roboforex offer negative balance protection and trailing stops. The leverage shown for Roboforex is set by its Belize entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
eToro is better than Roboforex for real stock trading features, because eToro offers fractional shares, which Roboforex does not. Both eToro and Roboforex offer trailing stops and API access.
| Section score | eToro 68 -19 85 Best | Roboforex 87 Best 77 -8 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 118 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 2000:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 2000:1 |
| Major indices leverage i | 20:1 | 100:1 |
| Minor indices leverage i | 10:1 | 100:1 |
| Gold leverage i | 20:1 | 2000:1 |
| Commodities leverage i | 10:1 | 1000:1 |
| Equities leverage i | 5:1 | 20:1 |
| Cryptocurrency leverage i | 2:1 | 500:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Roboforex in Australia, and of who each one is meant for.Roboforex is better than eToro for CFD/FX account types, because Roboforex offers a professional traders account, an ECN account and an Islamic account, which eToro does not. Both eToro and Roboforex offer a demo account and a copy trading account.
eToro is better than Roboforex for real stock account types, given that eToro offers a stock investing account, a corporate account and an unlimited demo account, which Roboforex does not. Both eToro and Roboforex offer a demo account and a copy trading account.
| Section score | eToro 45 -25 76 Best | Roboforex 70 Best 36 -40 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Roboforex in Australia.Roboforex is better than eToro for account opening, since Roboforex requires a lower minimum deposit, at US$10 (against eToro's US$50), has no minimum withdrawal (against eToro's US$30), and pays out withdrawals faster, within 1 day (against eToro's 7 days). Both eToro and Roboforex offer credit cards and debit cards. Roboforex holds no licence in Australia.
| Section score | eToro 69 -11 69 -11 | Roboforex 80 Best 80 Best |
|---|---|---|
| Minimum deposit i | US$50 | US$10 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | EUR, USD |
| Deposit waiting time i | Instant | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Roboforex in Australia, in how it can be reached and how fast it answers.Roboforex is better than eToro for customer care, since Roboforex offers customer support in 12 languages (against eToro's 1), and has a website in 17 languages (against eToro's 7). eToro and Roboforex both offer a dedicated account manager and phone support.
| Section score | eToro 78 -9 78 -9 | Roboforex 87 Best 87 Best |
|---|---|---|
| Number of languages supported i | 7 | 17 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Czech, German, English, Estonian, Indonesian, Latvian, Lithuanian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | English | Arabic, English, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Roboforex provide to their clients in Australia.eToro is better than Roboforex for learning, given that eToro offers professional reports, which Roboforex does not. eToro and Roboforex both offer education for advanced traders and webinars.
| Section score | eToro 96 Best 96 Best | Roboforex 88 -8 88 -8 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Roboforex: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker regulated in Australia by ASIC, for crypto trading.
Stocks Choose eToro if you want a stock brokerage service regulated in Australia by ASIC, with crypto to own.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Roboforex
CFD/FX Choose RoboForex if you want a CFD/forex broker with a small minimum deposit and a choice of trading platforms and live in a country where it is licensed to operate.
Stocks Choose RoboForex if you want a share dealing service with commission-free US stocks and a small minimum deposit and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Roboforex, each scored with the same data and method as this page.
