Compare IC Markets vs RoboMarkets - Online Brokerage Comparison

Compare IC Markets vs RoboMarkets

IC Markets vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$100MT4, MT5, R Trader11,000+CySEC, IFSC

IC Markets vs RoboMarkets Comparison

These are brokers which can offer ECN trading, with low spreads plus a commissions charge. IC Markets has more markets available to trade for its ECN account, compared with RoboMarkets's ECN accounts. RoboMarkets can offer many more markets overall, when its offering of the R Trader platform is taken into account.

Both offer MT4 and MT5, IC Markets also provides cTrader, while RoboMarkets offers R Trader. IC Markets is regulated by the ASIC in Australia. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize (as RoboForex).

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 Trader.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for RoboMarkets is $100.

  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro lot trading.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader 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 except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets 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

  • IC Markets offers Forex, Indices, Cryptocurrencies, Stocks, ETFs, Precious Metals, Energy, Soft Commodities and Bonds, with 230+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Precious Metals and Stocks, for a total of 35+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

IC Markets provides 60+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • IC Markets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Emercoin, Namecoin and Peercoin.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Spreads at IC Markets are variable and are from -0.3 (on cTrader) and 0.0 on MT4 with an average of 0.1 for EUR/USD with a commission charge, from 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads (without a commission charge) are from 1, with an average of 1.1.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01

Maximum leverage for IC Markets is 500:1. Maximum leverage for RoboMarkets (IFSC regulated) is 1000:1. Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTrader 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.

Platforms

IC Markets provides MT4, MT5 and cTrader desktop, MT4, MT5 and cTrader apps and an MT4 based web trader. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and apps and R Trader.

Comparison summary

  • Both offer ECN trading
  • RoboMarkets offers a range of account types
  • Some charge commissions some do not
  • IC Markets offers trading without a commission charge on its STP account
  • Both can provide no dealing desk ECN trading, with low spreads plus a commission charge
  • IC Markets offers a wider range of markets
  • RoboMarkets can offer more, with R Trader, but less for its ECN accounts
  • Both provide MT4 and MT5 for ECN trading
  • IC Markets also offers cTrader for ECN trading
  • RoboMarkets makes available R Trader (at RoboForex), which can offer low spreads, plus a commission charge

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