IronFX vs RoboForex - Online Brokerage Comparison

IronFX vs RoboForex | Compare Trading Brokers

IronFX vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4200+FCA, CySEC, ASIC, FSCA
$10MT4, MT5, cTrader, R Trader Web Trader9000+IFSC

IronFX vs RoboForex Comparison

Each broker offers MetaTrader (MT4) and allows the use of Expert Advisors (EAs). RoboForex additionally provides the successor to MT4, MetaTrader 5 (MT5) along with cTrader and R Trader.

On MT4, IronFX has more markets to trade than RoboForex, but on R Trader, RoboForex has considerably more. RoboForex requires a smaller minimum deposit than IronFX, except on R Trader where they have the same minimum deposit.

IronFX is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. RoboForex is regulated by the IFSC in Belize.

Quick comparison

Both offer MT4 and allow the trader to execute trading robots. RoboForex also offers MT5, cTrader and R Trader and has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for IronFX is $100. The minimum deposit for RoboForex is $10.

  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.
  • 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 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 a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R Trader Strategy Builder for building robots. RoboForex allows EAs and scalping.

Markets

  • IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 200+ available.
  • RoboForex offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and ETFs, for a total of 9,000+.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, EOS, DASH, Bitcoin Gold, QTUM, Golem and OmiseGO.

Leverage

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Platforms

Each offers MT4. RoboForex additionally provides MT5, cTrader and R Trader.

Why IronFX or RoboForex ?

Traders wishing to use Expert Advisors (MT4 trading robots) can do so at either broker. RoboForex also allows traders to use robots on MT5, cTrader and R Trader. RoboForex has a large number of markets on R Trader, but on MT4, IronFX has more. Thus prospective MT4 traders may wish to consider IronFX and traders who want a range of platforms may wish to consider RoboForex.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • RoboForex additionally provides MT5, cTrader and R Trader
  • On R Trader RoboForex offers many more markets to trade
  • IronFX provides more markets on MT4
  • RoboForex has a lower minimum deposit ($10 vs $100)

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