Compare RoboMarkets vs XM - CFD Broker Comparison

Compare RoboMarkets vs XM

RoboMarkets vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, R Trader11,000+CySEC, IFSC
$5MT4, MT5700+FCA, ASIC, CySEC

RoboMarkets vs XM Comparison

RoboMarkets and XM both provide ECN and non-ECN trading. Both also offer MT4 and MT5. RoboMarkets additionally provides a web trader, R Trader.

RoboMarkets's MT4 and MT5 accounts offer less markets than XM's STP accounts, but XM's STP/ECN account has a similar number, on MT5 and MT4. This is because XM has an STP/ECN account (XM Zero) and STP accounts. Its STP/ECN has a more limited range of markets than its STP account. Both STP and STP/ECN are available on MT4 and MT5.

However RoboMarkets's R Trader can provide considerably more markets than XM. XM has its Stocks CFDs on its STP MT5 accounts, while RoboMarkets offers Stocks CFDs on R Trader, and offers many more. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize. XM is regulated by the FCA in the United Kingdom, the ASIC in Australia and the CySEC in Cyprus.

ECN conditions

The ECN accounts of these brokers are no dealing desk and do not restrict trading styles, thus news trading, scalping and automated trading is allowed.

Quick comparison

Both offer MT4 and MT5. RoboMarkets also provides R Trader, where it can offer more markets.

Minimum deposit and account types

The minimum deposit for RoboMarkets is $100. The minimum deposit for XM is $5, but for ECN trading it 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.
  • XM offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

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+.
  • XM offers Forex, Indices, Cryptocurrencies, Metals, Energy, Soft Commodities and Stocks, with 700+ available on MT5, there are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metals, for a total of 55+.

RoboMarkets provides 45+ Forex pairs (on R Trader), XM provides 60+ Forex pairs.

Cryptocurrency CFDs

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

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 XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.40 for Gold and 0.05 for US Crude Oil. XM also offers Futures, with UK100 spreads from 4.5.
  • For the XM Zero account, spreads have a low of 0 for EUR/USD, plus commission. On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for RoboMarkets (CySEC regulated) is . Maximum leverage for XM (FCA or CySEC regulated) 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.
  • The XM Zero account charges commission of $3.5 per lot per side.

Platforms

RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and R Trader. XM provides MT4 and MT5 desktop, MT4 and MT5 apps and MT4 and MT5 based web traders.

Comparison summary

  • Both offer ECN trading and non-ECN trading
  • Thus both can provide trading with or without a commission charge
  • XM offers more markets on MT4 and MT5, for STP trading
  • RoboMarkets offer more markets on R Trader
  • Both are CySEC regulated


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