Compare FXOpen vs RoboMarkets - Trading Brokers Comparison

Compare FXOpen vs RoboMarkets

FXOpen vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT4, MT5, R Trader11,000+CySEC

FXOpen vs RoboMarkets Comparison

Each of these brokers offers MetaTrader 4 (MT4) and provides ECN accounts. RoboMarkets additionally offers a Cent account, which has low minimum trade sizes. As well as MT4, RoboMarkets offers MetaTrader 5 (MT5) and R Trader. On R Trader RoboMarkets has many more markets to trade than FXOpen.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

RoboMarkets is regulated by the CySEC in Cyprus.

ECN conditions

The ECN accounts of these brokers are no dealing desk using straight through processing and do not restrict trading styles, thus news trading, scalping and automated trading is allowed. FXOpen uses Equinix's NY4 Data Centre.

Quick comparison

Both offer ECN trading on MT4. RoboMarkets also provides this on MT5. RoboMarkets has a range of other account types and on R Trader can offer many more markets, though they have a similar number on MT4 and MT5.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for RoboMarkets is $100.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying). RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • RoboMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and ETFs, for a total of 11,000+.

FXOpen provides 45+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS, IOTA, NEO, Monero, Namecoin, Peercoin, Emercoin, OMNI and Ethereum Classic.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS, IOTA, NEO, Monero, Bitcoin Gold, Golem, OmiseGO, and Qtum.

Spreads and leverage

Both brokers offer low Forex spreads plus a commission charge.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Online trading platforms

Both brokers offer MT4. RoboMarkets additionally provides MT5 and R Trader.

Why FXOpen or RoboMarkets ?

These brokers both offer MetaTrader 4 (MT4), thus those who want to trade on this online trading platform may do so at either broker. Traders who want to trade on MetaTrader 5 (MT5) can find this platform at RoboMarkets, in addition to its R Trader platform which offers a relatively large number of markets to trade. Both brokers offer ECN trading and allow automated trading. RoboMarkets has a Cent account which lets the trader trade with very small account sizes.

Comparison summary

  • RoboMarkets offers a range of account types, including ECN
  • Like FXOpen, RoboMarkets can provide very low spreads plus a commission charge
  • These brokers provide MT4
  • RoboMarkets also offers MT5 and R Trader
  • Both offer Cryptocurrency CFDs
  • Overall, RoboMarkets can offer many more markets (on R Trader)

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