Roboforex vs FP Markets

RoboForex advertises more than 12,000 instruments, while FP Markets advertises over 10,000. However, these headline figures depend on the trading platform you choose and may not reflect the instruments available through MT4 or MT5.

Neither number applies on MetaTrader, the software you will almost certainly use. RoboForex’s thousands live inside its own platform. FP Markets’ thousands live inside a separate platform called IRESS, which is not even available in every country. When trading through MT4 or MT5, the number of available instruments is significantly lower than the headline figures advertised for their broader platform offerings.

Rather than focusing on headline instrument counts, it is more useful to compare regulation, pricing, supported platforms, and overall trading conditions. The more significant differences between these brokers relate to regulation, account structure, and trading environment: a strict Australian regulator watches FP Markets, and nobody strictly watches RoboForex.

Quick Answer

Comparison Table

Check these on each broker’s own site before you trust them. RoboForex quotes its raw commission differently across sources, and FP Markets lists its smallest deposit as both $50 and $100. Gaps move through the day, so treat these as normal-hours figures.

The 10,000 Markets Claim

This topic deserves separate explanation because the advertised instrument count depends on the trading platform being used, which is not always immediately obvious.

RoboForex advertises over 12,000 markets. Nearly all of them sit inside R StocksTrader, its own platform, which is where the real shares and funds live. If you use MT4 or MT5, you get roughly a hundred markets.

FP Markets advertises over 10,000. Nearly all of them sit inside IRESS, a separate share-trading platform. IRESS is restricted by country, so it may not be offered where you live at all, and it needs about $1,000 to open. Without it, FP Markets gives you around 144 markets on MetaTrader.

So both headline numbers are real, and neither is likely to apply to you on day one. On the software a beginner uses, these brokers are close: roughly 100 markets against roughly 144. For most MetaTrader users, the difference in available instruments is relatively small compared with factors such as regulation, pricing, and execution quality.

If you want real shares, check two things. Whether IRESS is offered in your country, and whether you are willing to use a broker’s own platform instead of MetaTrader. If the answer to both is no, ignore this section entirely and focus on the factors that are more likely to affect your trading experience.

Which Broker Is Safer?

Regulation is one of the most important factors when comparing these brokers.

FP Markets is watched by ASIC in Australia and CySEC in Cyprus. Both are strict. They check the books, set rules, and can force a broker to answer for itself. FP Markets has run since 2005, keeps customer money in a separate account, and rating firms place it among the more trusted brokers in the business.

RoboForex is registered with the FSC in Belize, a light-touch offshore regulator. No strict authority watches it anywhere.

It is also important to consider the additional client protection measures offered by RoboForex.

It has voluntarily joined the Financial Commission, an independent body that can order it to compensate a client, with cover up to €20,000 per verified claim. It also carries €2.5 million in civil liability insurance. Belize requires neither. RoboForex chose to pay for them. It keeps client money separate, offers negative balance protection, and has run under the same name since 2009 without a legal cloud over it.

These additional protections provide an extra layer of reassurance compared with many offshore-regulated brokers. But hold it against what FP Markets has and the regulatory difference remains significant. A €20,000 private compensation scheme is not the same as a national regulator with the power to investigate, fine and shut down.

One important consideration is that FP Markets only puts you under ASIC if you are in Australia, and under CySEC if you are in Europe. Everyone else is signed up under an offshore arm, and offshore is offshore. So if you are outside those regions, confirm which legal entity will open and maintain your trading account. The regulatory licence highlighted in marketing materials may not be the one covering you.

Even then, FP Markets leads. It holds strict licences and answers to them. RoboForex holds none anywhere.

[Your own test: screenshot which company each broker signs you up to from your country. That single detail matters more than any rating.]

Trading Costs

The answer depends on the account type you choose.

Commission-free, FP Markets are slightly cheaper. About 1.19 pips on EUR/USD against RoboForex’s 1.3. A small gap, and this is the account a beginner starts on.

On raw accounts, RoboForex is cheaper, and not slightly. Both drop the gap to almost nothing. FP Markets then charges $3 per side, so $6 to open and close. RoboForex applies different commission schedules depending on the account type, so traders should review the latest pricing before opening an account. For someone trading often, Over time, those commission differences can have a noticeable impact on overall trading costs.

So the answer depends on where you are in your trading life. Starting out on a commission-free account, FP Markets edges it. For active traders using Raw or ECN-style accounts, RoboForex is the cheaper home by a clear margin.

Neither charges you for going quiet, and both give VPS hosting free, which is unusually generous from both.

Bonuses

RoboForex runs regular bonuses and cashback. FP Markets offers nothing at all.

At first glance, this appears to favour RoboForex, although the regulatory background provides important context. Promotional bonuses are generally unavailable for clients trading under ASIC and CySEC regulated entities because of regulatory restrictions. Availability may differ under other entities. Bonus money almost always carries conditions: trade a certain amount before you can withdraw anything tied to it, and that amount is usually much larger than a newcomer expects.

This reflects a common regulatory practice across many well-regulated brokers. The brokers that can offer generous promotional bonuses are usually the ones nobody strictly is watching. The brokers that cannot are usually the supervised ones. A bonus is not proof of a bad broker. It is a clue about who is minding it.

Platforms

Both give you MT4 and MT5, and both give free VPS hosting for automated strategies. That is a good baseline from either.

FP Markets supports MT4, MT5, cTrader, TradingView integration, and IRESS (where available). RoboForex adds R StocksTrader plus its own web and mobile apps.

For many beginners, both brokers provide the essential trading platforms required to get started. You will use MetaTrader, and both have it. This difference is mainly relevant if you want cTrader specifically, which only FP Markets has.

Leverage

RoboForex offers up to 1:2000. Maximum leverage depends on the regulatory entity and client classification. Retail clients under ASIC and CySEC are subject to lower leverage limits than offshore clients.

Higher leverage is not necessarily an advantage, particularly for inexperienced traders. Leverage grows your losses exactly as fast as your wins, and heavy leverage is Leverage

Can significantly increase the risk of substantial losses for inexperienced traders. FP Markets caps lower because strict regulators make it, andLower leverage limits can help traders manage risk more effectively.

This difference largely reflects each broker’s regulatory framework. The broker without a strict regulator offers four times the leverage. Those facts are connected, and not in RoboForex’s favour.

Final Verdict

FP Markets is the stronger choice for traders who can meet its minimum deposit and prioritize regulation and long-term reliability. A strict Australian regulator watches it, it has run cleanly since 2005, it is slightly cheaper on the account you will start with, and its lower leverage cap quietly protects you from the mistake that ends most beginners. For a first account, being supervised is worth more than the extras.

RoboForex may suit traders seeking a lower minimum deposit or lower commissions on Raw accounts. Or if you already trade enough to use a raw account, where its $2 a lot beats FP Markets’ $6 by a distance. It is also the best-protected offshore broker you will find, having paid for compensation cover and insurance nobody required of it. That deserves credit.

But do not let the 12,000 markets or the 1:2000 leverage sway you. The first only exists on its own platform, and Extremely high leverage increases trading risk significantly and should be used with caution. Pick RoboForex for the low entry and the raw pricing, or pick FP Markets because someone strict is watching it. These are the key factors to consider when choosing between the two brokers.

FAQ

Which is cheaper, RoboForex or FP Markets?

It depends on your account. Commission-free, FP Markets is slightly cheaper at about 1.19 pips against 1.3. On a raw account, RoboForex is much cheaper at about $2 a lot against $6 per round turn.

Which is safer?

FP Markets. A strict Australian regulator watches it. RoboForex has no strict licence, though it has voluntarily bought €20,000 compensation cover and €2.5m of insurance, which puts it ahead of most offshore brokers.

Do they really offer 10,000 markets?

Only inside their own platforms. On MT4 and MT5 you get about 100 at RoboForex and about 144 at FP Markets. IRESS account requirements vary by region and account type. Traders should confirm the current eligibility and funding requirements before opening an IRESS account.

Why does FP Markets not offer bonuses?

Its regulators forbid them. That is a sign it is supervised, not a sign of meanness.

Is 1:2000 leverage better than 1:500?

No, especially not for a beginner. It grows losses as fast as wins. RoboForex can offer it partly because no strict regulator stops it.

Which is better for a complete beginner?

FP Markets, if you can afford the $100. Strict oversight and a slightly tighter spread on the account you will start with.

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