FXCC vs RoboForex - Compare Trading Brokers

FXCC vs RoboForex | Trading Brokers Comparison

FXCC vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT425+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. 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.
  • 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.
  • 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+.
  • On the ECN Standard and the ECN XL account, FXCC offers 30, covering Forex and Precious Metals. On the ECN Advanced account, FXCC has 200+ markets.

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 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.
  • 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.

Online trading 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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