| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and provides a Cent account with a $1 minimum deposit About |
| RoboForex | $10 Minimum Deposit | MT4, MT5, cTrader, R StocksTrader Trading Platorms | 12,000+ Markets To Trade | RoboForex provides a Cent account with a $10 minimum deposit About |
FXOpen vs RoboForex Comparison
Both of these brokers offer MT4 and MT5 ECN trading. RoboForex additionally provides cTrader and R StocksTrader while FXOpen additionally offers TickTrader. On all these platforms except TickTrader both brokers allow the use of online trading robots. The platforms additionally let the trader build their own robots. Both have a similar number of markets, except on R StocksTrader, where RoboForex can offer many more.
Both FXOpen and RoboForex have a minimum trade size lower than micro lots as each offers a Cent account, which allows smaller trade sizes and has a lower minimum deposit.
RoboForex is regulated by the IFSC in Belize.
Quick comparison
Each offers MT4 and MT5, while RoboForex additionally provides cTrader and R StocksTrader and FXOpen additionally offers TickTrader. Both offer ECN trading accounts. RoboForex has a lower minimum deposit.
Minimum deposit and key account features
The minimum deposit for FXOpen is $1. The minimum deposit for RoboForex is $10.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
- RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader 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 StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
- RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
Markets
- FXOpen offers Forex, Indices, Energy, Metals, Stocks and Cryptocurrencies, with 600+ available.
- RoboForex offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities and ETFs, with 12,000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen offers a Cent account with a $1 minimum deposit and provides automated trading on MT4, MT5 and TickTrader Description |
| RoboForex Broker | MT4, MT5, cTrader, R StocksTrader Trading Platforms | RoboForex offers a Cent account with a $10 minimum deposit and provides automated trading on MT4, MT5, cTrader and R StocksTrader (which has 12,000+ Stocks CFDs) Description |
Cryptocurrency CFDs
- FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dashcoin, IOTA, Ethereum Classic, EOS, Emercoin, Monero and NEO CFDs.
- RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Cardano, Algorand, Solana, Chainlink, Uniswap, Polkadot, Polygon, Dogecoin, Avalanche, Monero, Tron, Cosmos, Terra, Decentraland and Binance Coin CFDs.
Leverage
Maximum leverage for FXOpen is 500:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1.
Online trading platforms
Each offers MT4 and MT5. RoboForex additionally provides cTrader and R StocksTrader. FXOpen additionally has TickTrader.
Why FXOpen or RoboForex ?
Traders who want to trade on MT4 or MT5 can do this at either. Traders who want to trade on TickTrader can do so at FXOpen. Traders who want to trade on R Stocks Trader, which offers markets including 12,000+ Stocks CFDs can do this at RoboForex. Traders who want to trade on a Cent account with low minimum trade sizes and a low deposit, can also do this at either, however FXOpen has a lower minimum deposit ($1 vs $10).
Comparison summary
- Both offer CFD trading
- Each provides MT4 and MT5
- RoboForex additionally offers cTrader and R StocksTrader
- FXOpen additionally provides TickTrader
- On R StocksTrader, RoboForex can offer many more markets (12,000+)
- Both offer Cent accounts
- FXOpen has a lower minimum deposit ($1)
