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, IFSC

FXOpen vs RoboMarkets Comparison

Both brokers can offer ECN trading, with low spreads plus a commission charge. Each can also provide trading without a commission charge. Overall RoboMarkets can offer more markets to trade on its R Trader platform.

FXOpen and RoboMarkets provides MT4. RoboMarkets also offers MT5 and R Trader. 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 and the IFSC in Belize.

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 a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and 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. Micro lot trading is available.
  • RoboMarkets 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

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, 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

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01

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.

Platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and R Trader.

Comparison summary

  • RoboMarkets offers a range of account types, including ECN
  • Like FXOpen it can provide very low spreads plus a commission charge
  • Both can offer higher spreads, without 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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