Compare IronFX vs RoboMarkets - CFD Broker Comparison

Compare IronFX vs RoboMarkets

IronFX versus RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, CySEC, ASIC, FSCA
$100MT4, MT5, R Trader11,000+CySEC

IronFX and RoboMarkets Comparison

These brokers each offer MetaTrader 4 (MT4). RoboMarkets additionally provides MetaTrader 5 (MT5), the successor to MT4 and R Trader. On MT4 IronFX offers more markets to trade than RoboMarkets and a wider range. However on its R Trader platform, RoboMarkets provides many more markets to trade.

Both brokers are regulated by the CySEC in Cyprus. IronFX is additionally regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSCA in South Africa.

Quick comparison

Both brokers offer MT4. RoboMarkets additionally provides MT5 and R Trader. On R Trader RoboMarkets has many more markets to trade.

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for RoboMarkets is $100.

  • 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.
  • 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

  • IronFX offers Forex, Indices, Cryptocurrencies, Stocks, Energy, Metals and Soft Commodities, with 200+ available.
  • RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks, Energy, Metals, Soft Commodities and ETFs, for a total of 11,000+.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. IronFX can additionally provide Forex spreads form 0.7 without a commission charge, while RoboMarkets can additionally provide Forex spread from 1.3 without a commission charge.

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • IronFX's commission charges are from $6.75 per lot 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

Both brokers offer MT4. RoboMarkets additionally provides MT5 and R Trader. Both offer mobile apps.

Why IronFX or RoboMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) may do so at either broker (though IronFX has more markets and a wider range on this platform). Those who want to trade on MetaTrader 5 (MT5) can do this at RoboMarkets. Traders who want to trade on a platform with a relatively large number of markets can find R Trader at RoboMarkets. IronFX would potentially suit a trader who wants to trade exclusively on MT4 and have access to a wide range of markets and account types. RoboMarkets would potentially suit a trader who wants a relatively wide range of platforms and account types and a web trader to trade a large number of markets, particularly Stocks CFDs.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • IronFX additionally provides MT5 and R Trader
  • On R Trader, RoboMarkets offers many more markets to trade
  • IronFX has more markets to trade MT4 vs MT4

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