IC Markets vs RoboForex - Online Brokerage Comparison

RoboForex vs IC Markets | Broker Comparison

IC Markets vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$10MT4, MT5, cTrader, R Trader9,000+IFSC

IC Markets vs RoboForex Comparison

IC Markets offers ECN trading, providing MT4, MT5 and cTrader. RoboForex also provides ECN trading on these platforms. RoboForex additionally provides the R Trader 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, at 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 trade size for RoboForex is $10 vs $200 for IC Markets. IC Markets offers ECN 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, while 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 ECN trading as well as MT5 and cTrader. RoboForex can offer many more markets overall by providing the R Trader platform.

Minimum deposit and account types

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

  • 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 Data Centres 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.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader 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 Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex 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 230+, covering Forex, Indices, Energy, Precious Metals, Soft Commodities, Cryptocurrencies, Stocks, ETFs and Bonds.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.

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

Cryptocurrency CFDs

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

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 1 for IC Markets and 1.3 for RoboForex.

Maximum leverage for IC Markets (ASIC 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 True ECN account and the cTrader account charges a commission of $3 per 100,000 USD traded per side. Commissions are charged only for Forex and Metals.
  • 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 trader.

Why IC Markets or RoboForex ?

IC Market is for ECN traders who wish to access high speed order processing in no dealing desk conditions. It has a relatively large number of markets for an ECN broker, as it offers Stocks CFDs on MT5. RoboForex has a range of account types including a cent account which allows very small trade sizes in addition to its ECN accounts. RoboForex can offer many more markets on the R Trader platform, which has many Stocks CFDs available. Both brokers provide the MT4, MT5 and cTrader platforms. Thus these brokers each have services for ECN traders, while RoboForex can additionally offer a range of account types and a small minimum deposit. IC Markets has a focus on ECN trading infrastructure, locating its servers in Equinix data centers.

Comparison summary

  • Each provides ECN trading
  • Both brokers offer high leverage, overall RoboForex has the highest, but IC Markets offers the highest for ECN trading
  • IC Markets can offer more markets than RoboForex on MT5
  • RoboForex has many more markets on R Trader
  • As well as ECN accounts, RoboForex offers other account types including a cent account
  • IC Markets is regulated by the ASIC in Australia, RoboForex is regulated by the IFSC in Belize

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