Compare eToro vs RoboMarkets - Online Brokerage Comparison

Compare eToro vs RoboMarkets

eToro vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+CySEC, FCA, ASIC
$100R Trader, MT4, MT511,000+CySEC, IFSC

eToro and RoboMarkets Comparison

Both of these brokers offer copy trading, that is the capacity to copy other traders. RoboMarkets allows the trader to copy other traders via the CopyFX platform or to copy transactions, via the RAMM platform. These are separate accounts from RoboMarkets' main accounts which offer trading with a commission charge or without. eToro provides copy trading on its platform, which has a range of social trading tools. eToro also allows trader to invest thematically, in CopyFunds.

RoboMarkets core platform offering is MT4 and MT5. However it also provides R Trader, which is a web trader with a relatively large number of markets available, mostly Stocks CFDs. Thus these brokers differ markedly in that eToro has one platform, distributed across desktop and apps, while RoboMarkets has a range of platforms. RoboMarket can be seen as providing support for both copy, transaction and automation via robots, in its provision of STP/ECN accounts. Both are regulated by the CySEC in Cyprus. eToro is additionally regulated by the FCA in the United Kingdom and by the ASIC in Australia. RoboMarkets is additionally regulated by the IFSC in Belize.

Quick comparison

Both brokers support trading styles like copy and social trading (though this is eToro's primary focus, with a dedicated web trader and apps), RoboMarkets also provides MT4 and MT5.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for RoboMarkets is $100.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • 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.

Markets

  • eToro offers Forex, Indices, Cryptocurrencies, Energy, Metals, Bonds, Stocks and ETFs, with 1000+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, NEO, IOTA, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro).
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, NEO, IOTA, Bitcoin Gold, Golem, OmiseGO, QTUM and Monero CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • 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.

Maximum leverage for eToro is . Maximum leverage for RoboMarkets (CySEC regulated) is .

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.

Platforms

eToro offers a Web Trader and apps on tablet and mobile. RoboMarkets offers MT4, MT5, an MT4 web trader and R Trader.

Comparison summary

  • Both brokers provide copy trading
  • eToro has this as part of its platform offering
  • RoboMarkets offers copy trading on a separate account
  • RoboMarkets also provides transaction copying
  • eToro has a range of social trading tools on its platform
  • RoboMarkets has a wide range of platforms, including MT4, MT5, an MT4 web trader and R Trader
  • On R Trader, RoboMarkets offers more markets than eToro, but eToro has a wider range
  • RoboMarkets also provides support for trading with robots, with its STP/ECN accounts (and platforms)

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