Top Robo Advisor for 2024
We found 11 online brokers that are appropriate for Trading Robo Advisor.
Best Robo Advisor Guide
Analysis by Andrew Blumer, Updated Last updated - April 18, 2024
Best Robo Advisors
This is an era of robo trading. Most successful traders are trading with the support of software programs based on algorithms that automate much of the manual work. Hence, the search for some of the best robot advisors is on the rise.
The financial market is flooded with a plethora of best robot advisors which are typically put to work on collecting information from clients— knowing their future goals, offering related advice, and thereafter, investing automatically.
The best robo advisors are always easy to set up and offer robust goal planning, charge low fees, come equipped with advanced security features, and have good portfolio management features.
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.
Best Robo Advisors - Key Highlights
- Robo advisors are software programs that are based on algorithms and offer automation in trading without human supervision.
- Some of the best robo advisors in the industry are expensive and require a low opening balance to facilitate any benefit.
Robo Advisor Origin
The first robo advisor was launched in 2008.
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.
The focus of such a specialized program was to balance the assets once again within the target-date funds. Prior to this, only institutions used to implement automated portfolio allocation software.
The advent of robo advisors has changed the trading narrative completely. Today, the software programs are able to handle more sophisticated tasks of traders including retirement planning, investment selection, and tax-loss harvesting.
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.
Portfolio Rebalancing
Most of the best robo advisors utilize the theory of modern portfolios to build a passive portfolio for clients, and thereafter monitor these to ensure optimal asset class is maintained at all times, even after the market moves.
Every individual security or asset class in algorithm trading is given a target weight along with a corresponding tolerance range. The entire portfolio is rebalanced if the weight of one holding moves outside the range. Earlier such rebalancing was time consuming and was not so perfect. It used to generate fees while robo rebalancing cost virtually nothing.
Robo Advisor Brokers and Advantages
Benefits of Robo Advisors
Automated trading requires comparatively low fees. It is somewhere between 0.2% and 0.5%. The rates of traditional advisors are 1% or 2%. Therefore, to trade with automation requires less capital.
Most robo advisor brokers charge as low as 0.2% of total account balance of a client and it is an annual fee.
Traditional advisors are less accessible than robo advisors, which are available 24/7. Moreover, robo advisors are more efficient than traditional advisors.
This is one of the main advantages of robo advisor technology is its low cost compared to the traditional one that was used before 2008.
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
Some of the robo advisors could be ill-equipped for extraordinary situations and unexpected crises. This is the reason why many successful traders prefer a combination of automation and human guidance.
A finding by the Financial Planning Association reveals that nearly half of the participating traders preferred robots when the market was extremely volatile.
Moreover, robots operate on assumptions and believe that the client has a clear understanding and goals during financial circumstances. Although, this may differ in some cases.
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.
Robo Advisor and SEC
With respect to legal status, robo advisors are equivalent to human advisors. The automation platforms are also registered with the Securities and Exchange Commission in the United States. They are regulated as traditional brokers.
Robo Advisor and Making Money
Robo advisors earn from a wrap fee. This is based on the assets under management (AUM), which is annually around 0.25%. Human advisors charge 1% or 2% per year. As the cost is less, the robo advisors attract more and more traders. This helps in generating more revenue.
Robo advisors also earn from cash balances, which are credited to their accounts. Even though earning through this process is low, it becomes significant if there are many users.
Robo advisors also market targeted financial products like insurance policies and credit cards. This further helps in earning money.
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.
Best Robo Advisors Verdict
Even though robo advisors are serving most traders and are being more sought-after compared to traditional or human advisors, it is warned that complete automation is not perfect. It is very important for a trader to be able to choose one of the best robo advisors before signing up with one blindly.
In this article, titled 'Best Robo Advisors', we discussed some of the key factors to consider while picking one of the best software programs.
To wrap up, it is important to note that robo advisors charge a low fee compared to human advisors, but the best programs can be expensive when hiring. However, these are best for rebalancing one's portfolio on a regular basis. And, the automation is available and accessible 24/7.
On top of all this, one needs to check whether the robo advisors are properly regulated under the jurisdiction of a regulatory authority. Unregulated robo advisors should be avoided. Traders who are new to the industry are suggested to read reviews of the software before hiring.
We have conducted extensive research and analysis on over multiple data points on Robo Advisor to present you with a comprehensive guide that can help you find the most suitable Robo Advisor. Below we shortlist what we think are the best robo advisor after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Robo Advisor.
Reputable Robo Advisor Checklist
Selecting a reliable and reputable online Robo Advisor trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Robo Advisor more confidently.
Selecting the right online Robo Advisor trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Robo Advisor broker has a solid track record of at least two years in the industry.
- Verify that the Robo Advisor broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Robo Advisor broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Robo Advisor broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Robo Advisor brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Robo Advisor broker can hire staff from diverse locations worldwide who can communicate fluently 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.
Compare Key Features of Robo Advisor in Our Brokerage Comparison Table
When choosing a broker for robo advisor trading, it's essential to compare the different options available to you. Our robo advisor brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each robo advisor broker.
- The funding methods available for robo advisor with each broker.
- The types of instruments you can trade with each robo advisor broker, such as forex, stocks, commodities, and indices.
- The trading platforms each robo advisor broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each robo advisor broker affects the cost of trading.
- The level of customer support each robo advisor broker offers, including their availability, responsiveness, and quality of service.
- Whether each robo advisor broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a robo advisor broker that best suits your needs and preferences for robo advisor. Our robo advisor broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Robo Advisor of 2024 compared
Here are the top Robo Advisor.
Compare robo advisor brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a robo advisor broker, it's crucial to compare several factors to choose the right one for your robo advisor needs. Our comparison tool allows you to compare the essential features 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
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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NordFX
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EasyMarkets
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FXPro
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Admiral
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 100 | 200 |
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| Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 1,866,000+ | 10,000+ |
| Benefits |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with nordfx |
Sign
Up with easymarkets |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
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 2024 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 Robo Advisor needs 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 volatile financial markets with Robo Advisor can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Robo Advisor to ensure a successful trading experience.
Selecting Robo Advisor at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Robo Advisor markets effectively.
Reliability is key to gaining access to financial markets. Look for Robo Advisor that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Robo Advisor confidently.
6 Factors to Consider when Choosing Robo Advisor
Follow these five rules for selecting Robo Advisor that are right for you:
Are Your Robo Advisor Trusted And Established?
Search for a reputable Robo Advisor with a extensive proven track record for Robo Advisor, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. 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 Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2002 | 2009 | 2010 | 2006 | 2005 | 2008 |
| Head Office | Australia | Belize | Poland | Cyprus | Australia | Ireland | Australia | Mauritius |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 |
| Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits |
Are The Robo Advisor World Leading?
Opt for Robo Advisor that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. 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 Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5600 | 1000 | 1200 | 1250 | 290 | 50 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | |
| Forex pairs offered | 61 | 35 | 57 | 55 | 70 | 55 | 70 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 21 | 15 | 16 | 17 | 18 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Stocks Offered | 2100 | 0 | 1696 | 160 | 1100 | 1000 | 10000 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | 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 Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 0 | 5 | 200 | 100 | 100 | 1 |
| Withdrawl Fees | No | Yes | varies | No | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | Yes | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | No | Yes | Yes |
What are the Robo Advisor Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Robo Advisor. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Robo Advisor.
| Broker |
IC Markets
|
Roboforex
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Skrill | Yes | No | Yes | No | Yes | No | Yes | No |
| Payoneer | No | Yes | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Robo Advisor with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Robo Advisor.
Robo Advisor customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Robo Advisor 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
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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XTB
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XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits |
Make sure the Robo Advisor Offer Comprehensive Trader resources?
It's important to ensure your Robo Advisor provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Robo Advisor. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Robo Advisor.
Why Robo Advisor needs to be regulated?
Regulated Robo Advisor lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Robo Advisor.
Consumers are protected by Robo Advisor regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Robo Advisor is necessary to prevent fraud. The Robo Advisor working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Robo Advisor is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Robo Advisor List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic 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 ECN accountIslamic 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 ECN accountIslamic 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 ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic 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 ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits