| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM provides trading, including automated trading, on MT4 and MT5 and offers a Cent account with small minimum trade sizes and a low minimum deposit About |
| RoboMarkets | $100 Minimum Deposit | MT4, MT5, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboMarkets offers MT4 and MT5, a Cent account and 12,000+ Stocks CFDs to trade on R StocksTrader About |
FXTM vs RoboMarkets Comparison
Both brokers offer a variety of account types. Each has a range of 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 StocksTrader 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. The order execution model for the ECN accounts at both brokers is STP.
Quick comparison
Both brokers offer MT4 and MT5. On R StocksTrader, RoboMarkets can provide a relatively large number of markets.
Minimum deposit and account types
The minimum deposit for FXTM is $10 ($50 in the EEA). The minimum deposit for RoboMarkets is $100.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (MT4 only is offered on this account). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
- RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R StocksTrader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent, ECN and Prime accounts. RoboMarkets's R StocksTrader 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 is $100. 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 StocksTrader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
Markets
- FXTM offers Forex, Metals, Energy, Indices and Stocks, with 1000+ available.
- RoboMarkets offers Forex, Metals, Energy, Indices, Stocks, Cryptocurrencies, Soft Commodities and ETFs, with 12,000+ available.
FXTM provides 55+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R StocksTrader).
| Broker | Trading Platforms | Description |
|---|---|---|
| RoboMarkets Broker | MT4, MT5, R StocksTrader Trading Platforms | RoboMarkets offers trading on MT4 and MT5, a Cent account and 12,000+ Stocks CFDs on R StocksTrader Description |
| FXTM Broker | MT4, MT5 Trading Platforms | FXTM offers trading on MetaTrader and a Cent account with a $10 minimum deposit Description |
Spreads and leverage
Both brokers can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.5 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 $0.40 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 StocksTrader.
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 StocksTrader 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.
Comparison summary
- Both brokers provide CFD trading
- Both provide MT4 and MT5
- RoboMarkets additionally offers R StocksTrader
- On R StocksTrader, RoboMarkets has many more markets to trade
- Both have Cent accounts
- FXTM has a lower minimum deposit for its Cent account ($10 vs $100)
