Compare RoboMarkets vs USGFX - Online Brokerage Comparison

Compare RoboMarkets vs USGFX

RoboMarkets vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, R Trader11,000+CySEC, IFSC
$100MT4, MT560+ASIC

RoboMarkets and USGFX Comparison

RoboMarkets and USGFX both offer STP/ECN trading accounts on MT4 and MT5. While some of RoboMarkets's accounts charge Forex commissions, it is also possible to trade without a Forex commission charge (with higher spreads). USGFX does not charge Forex commissions, but does charge CFD commissions. On all of its accounts except R Trader, RoboMarkets and USGFX have a similar number of markets. On its R Trader account, RoboMarkets can offer more. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize. USGFX is regulated by the ASIC in Australia.

ECN conditions

Both of these are STP/ECN brokers. RoboMarkets offers ECN accounts with low Forex spreads, plus a commission charge. USGFX does not charge commissions for Forex, hence spreads can be higher. USGFX's lowest spreads are on the account type with the highest minimum deposit.

Quick comparison

Both offer ECN trading on MT4 and MT5. RoboMakets also provides R Trader.

Minimum deposit and account types

The minimum deposit for RoboMarkets is $100. The minimum deposit for USGFX 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

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+.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

RoboMarkets provides 45+ Forex pairs (on R Trader). USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

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

Leverage and spreads

Maximum leverage for RoboMarkets (CySEC regulated) is . Maximum leverage for RoboMarkets (IFSC regulated) is 1000:1. Maximum leverage for USGFX is 500:1.

  • 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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • 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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platform

Both brokers offer MT4 and MT5 desktop and apps. RoboMarkets additionally provides R Trader.

Comparison summary

  • Both offer STP/ECN trading
  • RoboMarkets can offer Forex trading with or without a commission charge
  • USGFX does not charge Forex commissions
  • Thus RoboMarkets can offer lower raw Forex spreads (plus a commission charge)
  • Both have a similar number of markets to trade, except on R Trader RoboMarkets offers more
  • Both provide MT4 and MT5

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