| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXCC | $100 Minimum Deposit | MT4 Trading Platforms | 90+ Markets To Trade | FXCC provides trading on MT4, including spreads from 0 without a commission charge About |
| RoboMarkets | $100 Minimum Deposit | MT4, MT5, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboMarkets offers trading on MT4, MT5 and R StocksTrader, with 12,000+ Stocks CFDs on R StocksTrader About |
FXCC vs RoboMarkets Comparison
Both brokers offer ECN trading, with low spreads plus a commission charge. FXCC can provide ECN trading on one of its account types, with no commission charge (and low spreads). Both offer a range of markets, though RoboMarkets can offer a wider range and more individual markets to trade. Each broker offers MetaTrader 4 (MT4), while RoboMarkets additionally provides MetaTrader 5 (MT5) and R StocksTrader. On R StocksTrader, RoboMarkets can provide many more markets to trade. RoboMarkets also provides a Cent account, which allows for very small trade sizes.
Both brokers are regulated by the CySEC in Cyprus.
ECN conditions
Each allows scalping, news trading and automated trading.
Quick comparison
Both offer ECN trading on MT4, RoboMarkets also provides ECN trading on MT5. On R StocksTrader, RoboMarkets can offer many more markets.
Minimum deposit and account types
The minimum deposit for FXCC is $100. The minimum deposit for RoboMarkets is $100.
- FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000. In some regions, there is only the ECN XL account, and it has no minimum deposit.
- All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
- RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R StocksTrader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent, ECN and Prime accounts. RoboMarkets's R StocksTrader 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 is $100. 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 StocksTrader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
Markets
- On the ECN Standard and the ECN XL account, FXCC offers 25+, covering Forex and Metals. On the ECN Advanced account, FXCC has 200+ markets including Indices.
- In some regions FXCC offers Forex, Metals, Indices, Energy and Cryptocurrencies, with 90+ available.
- RoboMarkets offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks and ETFs, for a total of 12,000+.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXCC Broker | MT4 Trading Platform | FXCC provides spreads from 0 without a commission charge on its ECN XL account Description |
| RoboMarkets Broker | MT4, MT5, R StocksTrader Trading Platforms | RoboMarkets provides trading on MT4 and MT5 (including automated trading) and offers 12,000+ Stocks CFDs on R StocksTrader Description |
Spreads and leverage
Both brokers can offer low Forex spreads plus a commission charge. RoboMarkets can additionally provide Forex spreads from 1.3 without a commission charge.
Maximum leverage for FXCC (CySEC regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .
Commissions
- FXCC's ECN XL account does not charge commissions.
- FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
- FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
- 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.
Online trading platforms
Both provide MT4. RoboMarkets additionally offers MT5 and R StocksTrader.
Why FXCC or RoboMarkets ?
Traders who want to trade on MetaTrader 4 (MT4) will find this online trading platform at either broker. Those who want to trade on MetaTrader 5 (the successor to MT4) can find this platform at RoboMarkets. Traders who wish to trade on a web trader with a relatively large number of markets can find R StocksTrader at RoboMarkets. FXCC offers an ECN trading account which has ECN spreads with no commission charge. RoboMarkets offers a Cent account, which lets the trader trade with very small account sizes.
Comparison summary
- Each provides CFD trading
- Both can provide low spreads plus a commission charge
- FXCC can also offer low spreads without a commission charge on one of its account types (ECN XL)
- RoboMarkets provides a Cent account
- Both offer MT4
- RoboMarkets also provides MT5 and R StocksTrader
- RoboMarkets can offer many more markets to trade overall on R StocksTrader
