Best Robo Advisor Guide
Robo Advisor Brokers
Before we try to understand robo advisor brokers let us first discuss the term robo advisor, roboadvisor or robo advisors. Robo advisors are software or digital platforms that make no use of human supervision and provide financial services and actions that are based on an algorithm and artificial intelligence automatically.
Robo advisor software collects information like future goals and financial situations from clients through things like online surveys and historical market data to compile and offer advice or financial actions like trading.
Some of the best robo advisor brokers in the industry offer simple account setup, portfolio management, goal planning, security features, comprehensive education, low fees and account services.
Robo Advisor Origin
The robo advisor software became popular in 2010, just after the 2008 recession.
However, automated robo advisors were in use much before 2008. The first robo advisors where supervised by human wealth managers as the platform was new and very expensive.
Clients then usually employed robo advisor brokers or advisors (now the so-called robo advisor brokers).
The primary focus initially was to re-balance assets through a basic online user interface and manage buy-and-hold investments.
Today, the advanced version of robo advisor technology is highly optimized and most robo advisor brokers offer it for tactical strategies, Hallal investing and optimizing portfolios.
Robo Advisor Brokers and Advantages
One of the main advantages of robo advisor technology is its low cost compared to the traditional one that was used before 2008.
Most robo advisor brokers charge as low as 0.2% of total account balance of a client and it is an annual fee.
Clients can easily get access to robo advisor software throughout the day and night, subject to an Internet connection.
Less asset and capital is needed to start trading. Some robo advisor brokers like the ones mentioned further down this guide in fact charge nothing for opening an account.
The robo advisor is highly efficient. No paperwork is required unlike traditional advisors. With some robo advisors just the click of buttons is required.
Robo Advisor Brokers and Disadvantages
Robo advisors limit options for an individual investor. Buying individual bonds or stocks into the client's account is not allowed.
There is a general belief that automated robo advisors may not work efficiently and perfectly when unexpected market crisis occur. There are many robo advisors platforms and every year more are released.
How Robo Advisor Brokers Profit
Usually the money earned is through a wrap fee and it is based on the AUM. The charges are very low, sometimes as low as 0.2%. Human advisors charge up to 2%.
Robo advisor brokers can also make money from the interest earned on cash balances.
Marketing some financial products such as insurance, credit cards and mortgages adds to their income.
We've collected thousands of datapoints and written a guide to help you find the best Robo Advisor for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best robo advisor below. You can go straight to the broker list here.
Reputable Robo Advisor Checklist
There are a number of important factors to consider when picking an online Robo Advisor trading brokerage.
- Check your Robo Advisor has a history of at least 2 years.
- Check your Robo Advisor has a reasonable sized customer support of at least 15.
- Does the Robo Advisor fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Robo Advisor has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Robo Advisor have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Robo Advisor can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Robo Advisor.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Robo Advisor.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Robo Advisor of 2020 compared
Here are the top Robo Advisor.
Compare Robo Advisor min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are robo advisor. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more robo advisor that accept robo advisor clients
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
EasyMarkets
|
AvaTrade
|
XM
|
ThinkMarkets
|
| Rating | ||||||||||
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Min Deposit | 200 | No minimum deposit | 100 | 200 | 100 | 1 | 100 | 250 | 5 | 250 |
| Funding |
|
|
|
|
|
|
|
|
|
|
| Used By | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 200,000+ | 70,000+ | 10,000+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
| Spreads |
|
|
|
|
|
|
|
|
|
|
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with roboforex |
Sign
Up with easymarkets |
Sign
Up with avatrade |
Sign
Up with xm |
Sign
Up with thinkmarkets |
| Risk Warning | Losses can exceed deposits | 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits |
| Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
Roboforex Demo |
easyMarkets Demo |
AvaTrade Demo |
XM Demo |
ThinkMarkets Demo |
| Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
All Robo advisor in more detail
You can compare Robo Advisor ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Robo Advisor for 2020 article further below. You can see it now by clicking here
We have listed top Robo advisor below.
Robo Advisor Table of Contents
- Robo Advisor Explained
- 6 Factors to Consider when Choosing Robo Advisor
- Are Your Robo Advisor Trusted And Established?
- Are The Robo Advisor World Leading?
- What are the Robo Advisor Commissions and Fees?
- What are the Robo Advisor Funding and Withdrawl Methods?
- Find Robo Advisor with Round-the-clock support?
- Make sure the Robo Advisor Offer Comprehensive Trader resources?
- Why do Robo Advisor need to be regulated?
- Robo Advisor FAQ
- What are the best Robo advisor brokers?
- What is the best Robo advi broker?
- Related Robo Advisor Reviews
- Related Robo Advisor Alternatives
- Related Robo Advisor Comparisons
Robo Advisor Explained
Trading the financial markets with Robo Advisor when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Robo Advisor is the platform that a Robo Advisor offer.
Choose Robo Advisor that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Robo Advisor that you can rely on.
6 Factors to Consider when Choosing Robo Advisor
Follow these five rules for selecting a broker that's right for you:
Are Your Robo Advisor Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Robo Advisor broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
| Year Established | 2007 | 2002 | 2005 | 2010 | 2009 | 2009 |
| Head Office | Australia | Poland | Australia | Australia | Cyprus | Cyprus |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | No | No |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit XTB | Visit FP Markets | Visit Pepperstone | Visit FXPrimus | Visit Roboforex |
| Risk Warning | Losses can exceed deposits | 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits |
Are The Robo Advisor World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 232 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, IC Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Robo Advisor is XTB . XTB Segregates clients funds and offers over 1,500 instruments.
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
| Instruments Available | 232 | 1,500 | 100 | 100 | 100 | 100 |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP, NZ | BR, KR, IR, IQ, SY, JP,US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | US, JP |
| Forex pairs offered | 65 | 50 | 60 | 70 | 45 | 35 |
| Forex pairs offered | 65 | 50 | 60 | 70 | 45 | 35 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | No | No |
| Commodities Offered | 19 | 21 | 18 | 16 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | Yes | No | No | No |
| Stocks Offered | 100 | 1696 | 10000 | 60 | 60 | 0 |
| UK Shares | No | Yes | Yes | No | Yes | No |
| US Shares | Yes | Yes | Yes | No | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | No | No |
| Japanese Shares | Yes | Yes | Yes | No | No | No |
What are the Robo Advisor Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Robo Advisor broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Robo Advisor broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
| Min Deposit | 200 | 0 | 100 | 200 | 100 | 1 |
| Withdrawl Fees | No | varies | No | No | Varies | Yes |
| Inactivity Fees | No | No | No | Yes | No | No |
| Deposit Fees | Varies | No | Yes | No | Varies | No |
| CFD Commission Fees | Yes | Yes | Yes | Yes | No | No |
What are the Robo Advisor Funding and Withdrawal Methods?
When dealing with Robo Advisor having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | No | No |
| Skrill | Yes | Yes | Yes | Yes | No | No |
| Payoneer | Yes | No | Yes | Yes | Yes | |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Robo Advisor with Round-the-clock support?
Customer service is very important when dealing with Robo Advisor.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Robo Advisor customer support can include Phone answering services, Live chat support and Email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
IC Markets and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
XTB
|
FP Markets
|
Pepperstone
|
FXPrimus
|
Roboforex
|
| Support |
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
| Learn More | Visit IC Markets | Visit XTB | Visit FP Markets | Visit Pepperstone | Visit FXPrimus | Visit Roboforex |
| Risk Warning | Losses can exceed deposits | 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits |
Make sure the Robo Advisor Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and XTB work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Robo Advisor need to be regulated?
A regulated Robo Advisor broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Robo Advisor brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Robo Advisor List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account