| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| IC Markets | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 2500+ Markets To Trade | IC Markets offers automated trading on MT4, MT5, cTrader and TradingView, allowing a wide range of trading styles About |
| RoboMarkets | $100 Minimum Deposit | MT4, MT5, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboMarkets allows automated trading on MT4, MT5 and R Stocks Trader, with 12,000+ markets to trade on R Stocks Trader About |
IC Markets vs RoboMarkets Comparison
Both of these broker offer MT4 and MT5. IC Markets additionally provides cTrader and TradingView, while RoboMarkets offers R StocksTrader.
On R StocksTrader, RoboMarkets can provide considerably more markets to trade. Additionally, RoboMarkets has a Cent account on which it can provide very small trade sizes. Both support automated trading, social and copy trading.
IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.
RoboMarkets is regulated by the CySEC in Cyprus.
ECN conditions
Each allows scalping, news trading and automated trading. IC Markets makes use of Equinix NY4 and LD5 servers.
Quick comparison
Both offer ECN trading on MT4 and MT5. IC Markets also provides cTrader, while RoboMarkets offers many more markets on R StocksTrader.
Minimum deposit and account types
The minimum deposit for IC Markets is $200. The minimum deposit for RoboMarkets is $100.
- IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade, Myfxbook and IC Social for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
- IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.
- 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
- IC Markets offers Forex, Indices, Stocks, ETFs, Metals, Energy, Soft Commodities, Cryptocurrencies and Bonds, with 2500+ available.
- RoboMarkets offers Forex, Indices, Stocks, ETFs, Metals, Energy, Soft Commodities and Cryptocurrencies, with 12,000+ available.
IC Markets provides 60+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R StocksTrader).
| Broker | Trading Platforms | Description |
|---|---|---|
| RoboMarkets Broker | MT4, MT5, R Stocks Trader Trading Platforms | RoboMarkets offers 12,000+ CFD markets on R Stocks Trader, and provides MT4 and MT5, with automated trading on all these platforms Description |
| IC Markets Broker | MT4, MT5, cTrader, TradingView Trading Platforms | IC Markets allows a wide range of trading styles including automated trading and high speed order execution Description |
Spreads and leverage
Both brokers can offer low Forex spreads plus a commission charge. IC Markets can additionally provide Forex spreads from 0.8 without a commission charge while RoboMarkets can offers Forex spreads from 1.3 without a commission charge.
Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 500:1. Maximum leverage for RoboMarkets (CySEC regulated) is .
Commissions
- IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.
- 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
IC Markets provides MT4, MT5, cTrader and TradingView. RoboMarkets offers MT4, MT5 and R StocksTrader.
Why IC Markets or RoboMarkets ?
Traders who wish to trade on MT5 and its successor MT5 may do so at either broker. Those who want to trade on a web trader which offers support for automated trading and has a relatively large number of markets to trade can find R StocksTrader at RoboMarkets. Traders who wish to trade on cTrader or TradingView may do so at IC Markets. Both offer ECN trading. RoboMarkets has a Cent account, on which it lets the trader trade with very small trade sizes.
TL;DR summary
IC Markets is a CFD provider offering a range of trading services including automated trading and copy trading. RobotMarkets offers automated trading platforms, but also provides for those who want a wide range of Stocks CFDs to trade.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT5 and MT5
- RoboMarkets additionally provides R StocksTrader
- IC Markets additionally offers cTrader and TradingView
- Overall RoboMarkets has considerably more markets to trade (on R StocksTrader)
- RoboMarkets offers a Cent account, which can have very small trade sizes
