FXCC vs RoboForex - Compare Trading Brokers

FXCC vs RoboForex | Trading Brokers Comparison

FXCC vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT445+CySEC
$10MT4, R Trader, cTrader, MT59000+IFSC

FXCC vs RoboForex Comparison

Both brokers offer MT4 trading and ECN accounts. RoboForex provides the successor to MT4, MT5 along with cTrader and R Trader. All these platforms allow both automated and non-automated trading.

On all accounts except for R Trader, these brokers have a similar number of markets to trade, but on R Trader, RoboForex has many more. On MT4, RoboForex has a wider range of markets.

FXCC offers an ECN trading account which can offer low Forex spreads, without a commission charge, but there are restrictions in terms of the account size.

RoboForex has a lower minimum deposit and offers a Cent account which allows the trader to trade with trade sizes smaller than micro lots on MT4 and MT5. This means that traders can potentially trade with a smaller account size.

FXCC is regulated by the CySEC in Cyprus. RoboForex is regulated by the IFSC in Belize.

Quick comparison

Each has ECN MT4 trading. RoboForex also offers MT5, cTrader and R Trader and has a lower minimum deposit, for all platforms except R Trader, for which it has the same minimum deposit as FXCC.

Minimum deposit and key account features

The minimum deposit for FXCC is $100. The minimum deposit for RoboForex is $10.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. All accounts welcome Scalpers, allow hedging and EAs, provide live news updates, technical analysis, trading tools and an economic calendar on the FXCC website, and offer a personal account manager. All account types have a minimum order size of 0.01 lots.
  • FXCC's ECN Standard account has a minimum deposit of $100, the ECN XL account has a minimum deposit of $500 and the ECN Advanced account has a minimum deposit of $100,000. All accounts charge commissions, except for the ECN XL account which does not charge commissions for deposits less than or equal to $10,000. The ECN Advanced account offers more Forex pairs and also offers Indices.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex 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

  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • FXCC offers Forex, Indices and Precious Metals on the ECN Advanced account, with 45+ available. On the ECN Standard and the ECN XL account, FXCC provides Forex and Precious Metals, with 25+ available.

Cryptocurrency CFDs

  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, OmiseGo, NEO, Monero, IOTA, Bitcoin Gold, QTUM, EOS and Golem.

Spreads and leverage

  • Both brokers may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. RoboForex also offers Forex spreads without a commission charge from 1.3 and FXCC can also offer very low Forex spreads without a commission charge.
  • Maximum leverage for FXCC (CySEC regulated) is . Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Commission charge

  • 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.
  • For deposits of less than or equal to $10,000, FXCC's ECN XL account does not charge commissions and for deposits greater than $10,000 the ECN XL account charges commissions of 0.3 pips per lot per side.
  • 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.
  • RoboForex's commissions 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

Both provide MT4. RoboForex additionally offers MT4, MT5, cTrader and R Trader.

Why FXCC or RoboForex ?

Traders wishing to trade using Expert Advisors can find this facility at either broker, as each offers MT4 and allows EAs. RoboForex additionally lets traders execute EAs on MT5, cBots on cTrader and run robots in the cloud on R Trader. Both have competitive commission charges on their ECN accounts, however FXCC has its ECN XL account which can offer low Forex spreads, without a commission charge, with limitations on the account size. For their ECN accounts, each has a similar number of markets, though RoboForex has a wider range. On R Trader, which is a web trader also supporting automated trading, RoboForex has many more markets, as it has a large offering of Stocks CFDs.

Comparison summary

  • Both provide CFD trading
  • Each offers MetaTrader 4 (MT4)
  • RoboForex also provides MetaTrader 5 (MT5) and cTrader
  • RoboForex additionally offers R Trader, with a large offering of markets to trade
  • FXCC provides its ECN XL account which can have low spreads, without a commission charge
  • FXCC is CySEC regulated, RoboForex is IFSC regulated

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