AvaTrade vs RoboForex - Compare Trading Brokers

AvaTrade vs RoboForex | Online Brokerage Comparison

AvaTrade vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$10MT4, MT5, cTrader, R Trader Web Trader9000+IFSC

AvaTrade vs RoboForex Comparison

Both of these brokers offer MetaTrader 4 (MT4) and allow the trader to use Expert Advisors (EAs). RoboForex additionally provides the successor to MT4, MetaTrader 5 (MT5). This platform also allows the use of EAs.

Furthermore, RoboForex offers cTrader, which has online trading robots called cBots (akin to MT4's EAs). As well, RoboForex provides R Trader, upon which it can offer many more markets to trade. This said, on MT4, AvaTrade has more markets and a wider range. AvaTrade also offers FX Options trading on a separate platform, AvaOptions.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

RoboForex is regulated by the IFSC in Belize.

Quick comparison

These are both MT4 brokers. RoboForex also provides MT5, cTrader and R Trader. On R Trader, RoboForex has many more markets overall, though AvaTrade has more on MT4.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for RoboForex is $10.

  • AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading. EAs and scalping are allowed at AvaTrade.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryptocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Stocks, ETFs, Metals, Soft Commodities, Bonds and Options, with 200+ available.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Cryptocurrencies and Precious Metals, for a total of 45+.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Bitcoin Gold and Stellar.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Bitcoin Gold, Monero, NEO, IOTA, QTUM, Golem and OmiseGO.

Spreads and leverage

  • RoboForex can offer low Forex spreads plus a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge and RoboForex can offer Forex spreads from 1.3 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for AvaTrade (ASIC regulated) is 400:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Commission charge

  • AvaTrade does not charge commissions.
  • RoboForex's commissions are $2 per standard lot per side for its ECN accounts except for its Prime account where they are $1.5 per standard lot per side.

Online trading platforms

AvaTrade offers MT4 and AvaOptions as well as apps. RoboForex provides MT4, MT5, cTrader and R Trader and apps.

Why AvaTrade or RoboForex ?

Traders looking to use MT4 can do so at either broker. Traders wanting to use MT5 can find this platform at RoboForex. Traders who want cTrader and to use its cBots online trading robots may find this platform at RoboForex. Traders who want many Stocks CFD to trade can find this on RoboForex's R Trader platform. Both brokers support the use of social and copy trading. RoboForex has a Cent account which allows for trade sizes smaller than micro lots and has a relatively small minimum deposit ($10). AvaTrade can offer a wider range of markets on MT4 and provides FX Options trading on a separate platform (AvaOptions).

Comparison summary

  • Both provide CFD trading
  • AvaTrade additionally offers MT4 spread betting in the UK
  • Both brokers offer MT4
  • RoboForex additionally provides MT4, cTrader and R Trader
  • AvaTrade offers FX Options trading on AvaOptions
  • RoboForex has more markets overall (on R Trader)
  • AvaTrade has more markets on MT4
  • RoboForex offers a Cent account

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