Compare RoboMarkets vs UFX - CFD Broker Comparison

Compare RoboMarkets vs UFX

RoboMarkets vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, R Trader Web Trader, Apps11,000+CySEC, IFSC
$100MT5, ParagonEx Web Trader, Apps450+CySEC

RoboMarkets vs UFX Comparison

These brokers each provide user friendly web trading platforms. On its web trader, RoboMarkets offers considerably more markets to trade. RoboMarkets provides copy trading via another third party platform.

On its user friendly web trader, UFX has a crowd trading news feed. Crowd trading seeks to inform the trader of the sentiments and actions of the crowd of traders. Both brokers offer MT5. RoboMarkets additionally provides MT4.

Both are regulated by the CySEC in Cyprus. RoboMarkets is also regulated by the IFSC in Belize.

Quick comparison

Both brokers offer web trader, on which RoboMarkets can offer more markets, but UFX has a wider range. They each also provide MT5, however RoboMarkets offers ECN trading and additionally MT4. UFX provides a crowd trading news feed on its web trader, ParagonEx.

Minimum deposit and account types

The minimum deposit for RoboMarkets is $100. The minimum deposit for UFX is $100.

  • 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.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account. All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • RoboMarkets offers Forex, Indices, Stocks, ETFs, Metals, Soft Commodities, Energy and Cryptocurrencies, for a total of 11,000+.
  • UFX offers Forex, Indices, Stocks, ETFs, Metals, Soft Commodities and Energy with 450+ available.

RoboMarkets provides 45+ Forex pairs (on R Trader). UFX offers 45+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

RoboMarkets offers Forex spreads from 1.3 without a commission charge and low Forex spreads with a commission charge. UFX offers Forex spreads from 2 (fixed) without a commission charge.

Maximum leverage for RoboMarkets (CySEC regulated is . Maximum leverage for UFX is .

Commissions

  • 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.
  • UFX does not charge commissions.

Online trading platforms

RoboMarkets offers MT4 and MT5 and the R Trader web trader. UFX offers the ParagonEx web platform, with crowd trading features and MT5. Both brokers provide mobile apps.

Why RoboMarkets or UFX ?

Traders who want to trade on a user friendly web trader may find such a platform at either broker. Those who want to trade on MT5 can find this platform at both brokers. Traders who want to trade on MT4 can find this at RoboMarkets. On its R Trader web trader, RoboMarkets has many more markets to trade than UFX. RoboMarkets offers support for social and copy trading, while UFX has a crowd trading news feed on ParagonEx.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers user friendly web traders
  • RoboMarkets supports copy trading
  • UFX has a crowd trading news feed on its ParagonEx platform
  • Both brokers allow very small trade sizes
  • Overall, RoboMarkets offers considerably more markets to trade

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