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 Trader11,000+CySEC, IFSC
$100MT4, ParagonEx Web Trader & Apps450+CySEC

RoboMarkets vs UFX Comparison

These brokers each offer CFD trading across a range of market, including cryptocurrencies. RoboMarkets provides a range of account types, as does UFX. Both brokers offer STP order execution. On RoboMarkets's STP/ECN accounts, it provides no dealing desk intervention. Thus these accounts may be suited to traders who use automated strategies, as well as discretionary trading. On its STP/ECN accounts RoboMarkets can offer low variable Forex spreads, plus a commission charge, which can be lower with a higher minimum deposit.

UFX has fixed spreads, which can be lower with account types requiring a higher minimum deposit. Both brokers provide MT4 (thus UFX supports automated trading with EAs). RoboMarkets has two web traders, one based on MT4 and R Trader.

They both offer web traders (not based on MT4), R Trader in the case of RoboMarkets and ParagonEx in the case of UFX. On R Trader, RoboMarkets can provide more markets to trade. On ParagonEx, RoboMarkets can offer crowd trading, providing information about aggregate trading behavior. RoboMarkets has separate accounts which offer transaction copying and strategy copying. Each also provides MT4 as desktop and apps. RoboMarkets additionally offers MT5.

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 MT4, however RoboMarkets offers STP/ECN trading and MT5. 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 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.
  • 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 have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • 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+.
  • UFX offers Forex, Indices, Cryptocurrencies, Stocks, ETFs, Precious 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.
  • UFX provides Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Monero, OmiseGO, IOTA, NEO, QTUM, Zcash, Aventus, Ethereum Classic, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

Spreads and leverage

  • 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
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

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.

Platforms

RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and R Trader. UFX offers the ParagonEx web platform, with crowd trading features.

Comparison summary

  • Both brokers offer CFD trading
  • They are regulated by the CySEC
  • RoboMarkets offers variable spreads
  • It can provide low spreads plus a commission charge
  • UFX does not charge commissions
  • UFX offers fixed spreads
  • Its fixed spreads can be lower with higher account types
  • RoboMarkets can also offer trading without a commission charge
  • RoboMarkets offers more markets on R Trader
  • UFX has a wider range of markets available
  • UFX provides crowd trading on ParagonEx
  • Both brokers offer MT4, RoboMarkets also offers MT5
  • Both provide Cryptocurrency CFDs, though UFX has a wider range

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