Compare FXTM vs RoboMarkets - CFD Broker Comparison

Compare FXTM vs RoboMarkets

FXTM vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$100MT4, MT5, R Trader11,000+CySEC

FXTM vs RoboMarkets Comparison

Both brokers offer a range of account types. Each has a range ECN account types, which can have low spreads, plus a commission charge. Each also offers a range of other account types, with no commission charge, including Cent accounts with very low minimum trade sizes.

RoboMarkets can offer the R Trader platform, which provides a relatively large number of markets to trade. Both brokers provide MT4 and MT5 across a range of account types.

Each broker is regulated by the CySEC in Cyprus. FXTM is additionally regulated by the FCA in the United Kingdom and the FSC in Mauritius and is licensed by the FSCA in South Africa.

ECN conditions

Both of these brokers provide a range of account types. The ECN type accounts charge commissions and provide no dealing desk order execution. Each brokers has 'Pro' ECN accounts, with lower commission charges, for a higher minimum deposit. The order execution model for the ECN accounts at both brokers is STP.

Quick comparison

Both brokers offer MT4 and MT5. On R TRader, RoboMarkets can provide a relatively large number of markets.

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for RoboMarkets is $100.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.
  • 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

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • RoboMarkets offers Forex, Metals, Energy, Indices, Stocks, Soft Commodities, Cryptocurrencies and ETFs, for a total of 11,000+.

FXTM provides 55+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

Both brokers can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.3 without a commission charge, while RoboMarkets can additionally provide Forex spreads from 1.6 without a commission charge.

Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. Commission is charged for the ECN account.
  • 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 and MT5. RoboMarkets additionally provides R Trader.

Why FXTM or RoboMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can do this at either broker. Those who want to trade on a web trader with a relatively large number of markets, can find R Trader at RoboMarkets. Traders who want to trade on a Cent account, offering very small trade sizes, can also do so at either. FXTM has a lower minimum deposit on its Cent account. RoboMarkets supports social and copy trading.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers ECN accounts
  • Both provide MT4 and MT5
  • RoboMarkets additionally offers R Trader
  • On R Trader, RoboMarkets has many more markets to trade
  • Both have Cent accounts
  • FXTM has a lower minimum deposit for its Cent account

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