Broker to Trading

IC Markets offers trading on MT4, MT5, cTrader and TradingView. RoboForex also provides trading on these platforms. RoboForex additionally provides the R StocksTrader platform, on which it can offer many more markets.

RoboForex has a range of account types, including a Cent account which can offer very small trade sizes as well as very high leverage, up to 2000:1. This means that traders with small account sizes can trade at RoboMarkets, though the minimum trade size for IC Markets is micro lots. Reflecting these factors the minimum deposit for RoboForex is $10 vs $200 for IC Markets. IC Markets offers trading conditions such as co-locating its servers in Equinix data centres, which allows it to offer high speed order processing.

IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles. RoboForex is regulated by the IFSC in Belize.

ECN trading conditions

Each can offer trading accounts with spreads from 0 (or 0.1) plus a commission charge and ECN trading platforms.

Quick comparison

Both brokers offer MT4 trading as well as MT5 and cTrader. RoboForex can offer many more markets overall by providing the R StocksTrader platform, though IC Markets still has a relatively large number, and wide range. IC Markets additonally provides the TradingView platform.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for RoboForex is $10.

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.
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

IC Markets Forex, Indices, Energy, Metals, Soft Commodities, Stocks, ETFs, Cryptocurrencies and Bonds, with 2500+ available.
RoboForex offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks, ETFs and Cryptocurrencies, with 12,000+ available.

IC Markets provides 60+ Forex pairs, RoboForex provides 45+ Forex pairs.

Spreads and leverage

• Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 0.8 for IC Markets and 1.3 for RoboForex.

Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 500:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1, but maximum leverage for ECN trading is 300:1.

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.
• 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.

Platforms

Both offer MT4, MT5 and cTrader. RoboForex also offers R StocksTrader, while IC Markets additionally provides TradingView.

Why IC Markets or RoboForex ?

Traders who want to trade on MT4, MT5 and cTrader can do so at either broker. Traders who want to trade Stocks CFDs may also do so at either, however RoboForex can offer many more. Traders who want to apply automated trading strategies can do so at either. IC Markets focuses on traders utilising automated trading, high frequency trading and scalping, with infrastructure to allow high speed order processing. Traders who want to trade on a Cent account with a low minimum deposit and very low minimum order size (e.g. to test out strategies) can do so at RoboForex.

TL;DR summary

RoboForex provides automated trading platforms and offers account with low minimum deposits and order sizes. IC Markets provides trading infrastrucutre for those who want to focus on automated trading, scalping and high volume trading, and offers a wide range of Stocks CFDs.

Comparison summary

• Both offer CFD trading
• Each provides MT4, MT5 and cTrader
• RoboForex additionally offers R Stocks Trader
• IC Markets additonally provides TradingView
• RoboForex provides more markets overall (on R Stocks Trader)
• Both allow automated trading
• RoboForex has the lower minimum deposit ($10) and highest leverage overall (2000:1)
• IC Markets has range of copy trading platforms available
• RoboForex provides a Cent account with a low minimum deposit and order size