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
$100MT4, MT560+ASIC

RoboMarkets and USGFX Comparison

Both brokers offer trading on MT4 and MT5 and ECN accounts. RoboMarkets additionally offers a Cent account on which it can provide very small trade sizes. Each supports automated trading with robots and social and copy trading. RoboMarkets additionally offers R Trader, on which it can provide many more markets to trade.

RoboMarkets is regulated by the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

ECN conditions

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. Both brokers allow EAs.

Quick comparison

Both offer MT4 and MT5. RoboMarkets also provides R Trader and a Cent account.

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 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.
  • 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 offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and ETFs, for a total of 11,000+.
  • USGFX offers Forex, Indices, Energy, 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 RoboForex (IFSC regulated) is 2000:1. Maximum leverage for USGFX is 500:1.

Bpoth brokers offer Forex spreads from 1.3 without a commission charge. RoboMarkets additionally provides low Forex spreads plus a commission charge.

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.

Online trading platforms

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

Why RoboMarkets or USGFX ?

Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can find these online trading platforms at either broker. Those who want to trade on a web trader designed for the human trader which also has a relatively large number of markets to trade (the bulk of which are Stocks CFDs) can use R Trader at RoboMarkets. R Trader like MT4 and MT5 supports automated trading with robots, however in the case of R Trader, the trader can build and run robots on the cloud (instead of using a VPS). Both brokers support social and copy trading. Some traders may wish to trade with very small trade sizes below a standard micro lot (0.01 lots) and RoboMarkets offers this via its Cent account.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4 and MT5
  • Both support social and copy trading
  • RoboMarkets additionally provides R Trader
  • On R Trader, RoboMarkets can offer many more markets to trade

Search this site

Translate