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, CySEC, FSA
$100MT4, MT5, R Trader11,000+CySEC

IC Markets vs RoboMarkets Comparison

Both of these broker offer MT4 and MT5. IC Markets additionally provides cTrader, while RoboMarkets offers R Trader.

On R Trader, 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 Trader.

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 and Myfxbook 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 Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers 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. 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 Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • IC Markets offers Forex, Indices, Cryptocurrencies, Stocks, ETFs, Metals, Energy, Soft Commodities and Bonds, with 230+ available.
  • RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks, ETFs, Metals, Energy and Soft Commodities, 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

Both brokers can offer low Forex spreads plus a commission charge. IC Markets can additionally provide Forex spreads from 1 without a commission charge while RoboMarkets can offers Forex spreads from 1.3 without a commission charge.

Maximum leverage for IC Markets (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1. 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.

Online trading 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.

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 Trader at RoboMarkets. Both offer ECN trading. RoboMarkets has a Cent account, on which it lets the trader trade with very small trade sizes.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT5 and MT5
  • RoboMarkets additionally provides R Trader
  • IC Markets additionally offers cTrader
  • Overall RoboMarkets has considerably more markets to trade (on R Trader)
  • RoboMarkets offers a Cent account, which can have very small trade sizes

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